Indonesian Political, Business & Finance News

Archive: 28 May 1996

54 articles found

General outlines election security plan

General outlines election security plan JAKARTA (JP): The Armed Forces (ABRI) chief of General Affairs Lt. Gen. Soeyono said yesterday the military plans to maintain security during the 1997 general elections in a "proportional" manner with the aim of avoiding the loss of human lives. "Security then and during the 1998 session of the People's Consultative Assembly should not be approached as if we were facing enemies," Soeyono was quoted by Antara as saying in Bandar Lampung.

Lawbreakers must be punished: House

Lawbreakers must be punished: House JAKARTA (JP): Members of the House of Representatives (DPR) urged the Capital Market Supervisory Agency (Bapepam) yesterday to take stringent action against those caught violating capital market rulings. "A punishment is necessary to bring stock trading activities back on to the right track," Syaiful Anwar, the chairman of the Trade, Banking and Capital Market Commission of the House, said.

Burkina Faso President begins four-day visit

Burkina Faso President begins four-day visit JAKARTA (JP): Burkina Faso and Indonesia are examining the possibility of boosting commercial ties between the two countries through counter trade deals. After a courtesy call by Burkina Faso President Blaise Compaore on President Soeharto yesterday afternoon, Indonesian Minister/State Secretary Moerdiono told journalists that the possibility of counter trade had been discussed by the two leaders.

Rancamaya parties summoned by court

Rancamaya parties summoned by court JAKARTA (JP): The Jakarta Administrative Court demanded the presence of parties during hearings over a land dispute, including the Chairman of the National Land Agency. Lintong O. Siahaan, the chief judge at yesterday's hearing involving the Rancamaya elite housing estate in Bogor, West Java, said the Court has the authority to summon the parties if it sees it necessary.

ASEAN police to link up

ASEAN police to link up KUALA LUMPUR (DPA): An online linkup of police forces in the seven ASEAN nations is being developed to improve cooperation and coordination of policing in the region, a police spokesman said yesterday. The linkup was discussed by national police chiefs at the 16th Aseanapol Conference of the Association of Southeast Asian Nations. The conference opened here yesterday.

Second wave Asian economic tigers face woes

Second wave Asian economic tigers face woes SYDNEY (AFP): Asia's second wave of economic tigers -- Indonesia, Thailand and Malaysia -- face problems because they are not managing their growth as well as the first group did, the head of Australia's biggest company warned yesterday. John Prescott, managing director of steel and resources giant BHP Co. Ltd. said the three countries had achieved "stunning economic improvements" and great investment opportunities were evident in all three.

City approves Rp 1,800 as new fare of AC bus

City approves Rp 1,800 as new fare of AC bus JAKARTA (JP): The fare on air-conditioned Patas (express) buses increased on Saturday from Rp 1,300 to Rp 1,800 (78 US cents) after the city administration gave its approval. The City Council however criticized the policy, saying the approval is only verbal made and thus unofficial. The fare for AC Patas buses increased without official announcement by either the administration or the land transport owners organization (Organda).

Jababeka's profits up 50%

Jababeka's profits up 50% JAKARTA (JP): Industrial estate company PT Kawasan Industri Jababeka announced yesterday it had increased its net profits by 50 percent from Rp 91.6 billion (US$39.82 million) in 1994 to Rp 137.3 billion last year, in spite of the prevailing slump in the property market. Sales in 1995 increased by 14 percent to Rp 348.9 billion, while gross profits grew by 15 percent to Rp 169.2 billion and pre-tax profits rose 37 percent to Rp 187.4 billion.

Students protest politics laws

Students protest politics laws BANDUNG, West Java: Hundreds of students from the Bandung Moslem University held a campus demonstration yesterday to demand the government revoke its laws on politics. The laws stipulate, for instance, that there are only three political groupings: Golkar, the Moslem-based United Development Party and the nationalist-Christian alliance Indonesian Democratic Party.

Agencies protest maids protection

Agencies protest maids protection SINGAPORE (Reuter): Measures implemented by the Philippines to protect foreign domestic workers in Singapore put an unfair financial burden on employers here without requiring adequate commitment from workers, an employment association said yesterday.

Komatsu shareholders get dividend

Komatsu shareholders get dividend JAKARTA (JP): The shareholders of PT Komatsu Indonesia, a publicly-listed heavy-equipment producer, yesterday approved the management's proposal to pay dividends of Rp 82 (3.5 U.S. cents) per share, totaling Rp 11 billion or 35 percent of the company's 1995 net profits. "It is in line with our promise as stated in the prospectus for initial public offering last year," said Komatsu's vice president Budiardjo Sosrosukarto.

TV today

TV today TVRI 2:30 p.m. Travel: My Country 2:35 TV Series: Kid's Song 3:05 Children Program 3:30 TV Series: Beyond Tomorrow 4:00 News: Lintasan Berita 4:05 Science: The Great Days of the Century 4:30 TV Drama 5:00 Regional News 5:30 English Lessons 6:05 Nusantara, the Beloved Country 6:15 Village Program 7:00 Evening News 7:25 Garuda Pancasila/Filler/Trailer 7:30 Talks: Wawasan 8:05 Traditional Drama 9:00 World News 9:30 Sports: Arena dan Juara 10:30 Late News 10:40 TV Series: Harapan Nan Sirna...

Australia attacked over Asian aid cancellation

Australia attacked over Asian aid cancellation SYDNEY (AFP): Four Asian countries have made strong protests to the Australian government over its cancellation of an aid scheme tied to contracts they had negotiated with Australian companies, a shadow minister said. China, Indonesia, the Philippines and Vietnam were close to signing contracts worth A$1 billion (US$800 million) sweetened with the offer of soft loans under Canberra's Development Import Finance Facility (DIFF) scheme.

Gifted children need special schools

Gifted children need special schools JAKARTA (JP): Noted psychologist S.C. Utami Munandar has called for the establishment of special schools for the gifted, saying they are needed to help Indonesia meet its target of producing high quality human resources. Utami said yesterday that the gifted and talented may become underachievers unless they are given special, more challenging learning programs.

Halla, Kayulapis tie up

Halla, Kayulapis tie up SEOUL (AFP): South Korea's Halla Group has teamed up with the Kayulapis Group of Indonesia to build a US$400-million cement joint venture on the Indonesian island of Java, a Korean group spokesman said yesterday. Halla Group chairman, Chun In-Yung, signed the agreement on the project with Agus Sutanto, chairman of the Indonesian group, best known for its timber business, over the weekend, the spokesman said.

Telecoms union prepares new cellular phone tariffs

Telecoms union prepares new cellular phone tariffs JAKARTA (JP): The Indonesian Association of Telecommunications Companies are preparing more-reasonable tariffs for cellular telephones in an attempt to attract more subscribers.

United Tractors' dividend

United Tractors' dividend JAKARTA(JP): Publicly-listed PT United Tractor, a distributor of plant equipment, announced yesterday that it has received its shareholders' approval to pay a dividend of Rp 130 per share (5.5 U.S. cents), totaling Rp 17 billion. The company said in a statement that its consolidated net sales reached Rp 1.6 trillion last year, an increase of 29 percent. Its net profits rose 27 percent from 1994 to Rp 58 billion last year.

Risjadson, PLN seal power deal

Risjadson, PLN seal power deal JAKARTA (JP): A consortium of the Risjadson Group, which will establish two coal-fired steam power plants with a total capacity of 310 megawatts (MW), yesterday signed agreements with state- owned electricity company PT PLN on the sales of electricity. The coal-generated power plants, which will be built starting in early 1997 with a total investment of Rp 1.2 trillion (US$521.74 million), will be located in Sibolga, North Sumatra, and in Amurang, North Sulawesi.

Benchmarking makes RI debut

Benchmarking makes RI debut JAKARTA (JP): Presetio Utomo & Co., the Indonesian partner of the United States-based Arthur Andersen, yesterday launched the Indonesian Benchmarking Clearinghouse. This first benchmarking agency in the country is a non-profit organization founded by the public accounting firm in cooperation with seven major companies. It will establish a benchmark of best practices in various industrial sectors in the country.

Educator wants new ministry for child welfare

Educator wants new ministry for child welfare JAKARTA (JP): An educator of child workers and street children has suggested that a ministry for child welfare be established to avoid continued abuse of impoverished children. A state minister would coordinate programs better than the current handling of children's welfare by several ministries, Roostien Ilyas said yesterday, after a visit to one of her centers for children working in the Kramat Jati market, East Jakarta.

C. Lampung village hit by typhoid epidemic

C. Lampung village hit by typhoid epidemic JAKARTA (JP): Several dozen medics are waging a war against typhoid which has stricken over 375 people in just four-days in a small village in Jabong, Central Lampung. Patients yesterday continued to pour into A. Yani hospital and makeshift health clinics. No deaths have been reported. The first cases were reported last Thursday morning. Since then, more and more people have complained of having symptoms of typhoid.

Dengue fever kills 18 people

Dengue fever kills 18 people JAKARTA (JP): The city health agency has reported that 18 people have died and 1,771 others have been hospitalized suffering from dengue fever, from January to May this year. The head of the agency, Aslam Sumhudi, said yesterday that the deadly disease had hit 54 subdistricts in five mayoralties, which are areas prone to the disease. He said 7,084 people were infected by the disease last year.

ABRI captures separatist

ABRI captures separatist DILI, East Timor: The Armed Forces (ABRI) arrested last Thursday Geronimo Soares, a 31-year-old rebel, in Fatubolu village in the Ermera regency, Antara reported yesterday. Local military chief Col. Mahidin Simbolon said that Geronimo, also known as "Si Gondrong" for his long hair, was member of the Sahen group of anti-integrationists who roam the forests of the regency.

Man gets 32 months for drugs offenses

Man gets 32 months for drugs offenses JAKARTA (JP): A court yesterday sentenced a man caught for possessing illegal drugs to 32 months imprisonment. A prosecutor had earlier demanded a four-year sentence. Yono, alias Alex, a father of two children, was caught on Dec. 12, 1995 at his friend's home on Jl. Kepu Dalam in Central Jakarta for having three cigarettes made of marijuana leaves and 500 grams of heroin wrapped in a newspaper, prosecutor Erna Idris said in her indictment.

Soldiers get loyalty medals

Soldiers get loyalty medals KUPANG, East Nusa Tenggara: Army chief of Staff Gen. R. Hartono presented in absentia ten soldiers of the 161 Wirasakti military detachment with Satya Lencana Kesetiaan medals, Antara reported yesterday. Hartono was represented at the presentation ceremony by detachment commander Col. Tony Rompis.

Play in memory of Arifin C. Noer

Play in memory of Arifin C. Noer JAKARTA (JP): The theater group Teater Kubur will perform a play by the late Arifin C. Noer, a noted playwright who died on May 28 last year at the age of 54. Kapai-kapai, written in 1970, will be staged on Wednesday to Friday evenings to commemorate the first anniversary of Arifin's death. The performance at the Taman Ismail Marzuki arts center begins at 8 p.m. The play is about a poor man trying to escape from the reality of his life.

'Bemo' drivers seek legal help

'Bemo' drivers seek legal help JAKARTA (JP): About 50 bemo drivers came in their three- wheeled motorized public transportation vehicles to the Jakarta Legal Aid Institute yesterday to seek legal assistance. This is their second visit to the office in a week. The drivers asked the institute to help them fight a new regulation which seeks to rid Jakarta of bemo, according to a press release made available to The Jakarta Post.

Gus Dur tells supporters to correct the government

Gus Dur tells supporters to correct the government JAKARTA (JP): Controversial scholar Abdurrahman Wahid has advised his 30 million followers in Nahdlatul Ulama (NU) to correct but not topple the government. Abdurrahman reminded members of the largest Moslem organization that the government belongs to the people and therefore the public should help maintain it.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on May 27, 1996: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 925 -25 4,000 AHAP Insurance 2,800 0 0 Alumindo Perkasa 625 25 7,500 Andayani Megah 1,325 -25 245,000 Aneka Kimia Raya 4,400 0 0 Anwar Sierad 2,300 -25 16,500 Aqua Golden Mississippi 2,300 0 0 Argha Karya Prima Industry 3,250 0 37,500 Argo Pantes 2,100 0 0 Asahimas Flat 2,775 -25 37,500 Asiana IMI...

S'pore disfavors ministers' children

S'pore disfavors ministers' children SINGAPORE (Reuter): Singapore Prime Minister Goh Chok Tong said the island state was a meritocratic society that did not favor the children of top officials, the Straits Times newspaper reported yesterday. "In Singapore, there is no barrier to a person's ability to go up the building. It does not depend on who you know.

Cold War has aftermath in Asia-Pacific

Cold War has aftermath in Asia-Pacific The latest incidents on the Korean peninsula show how much the security situation in the Asia-Pacific region is determined by conflicts left over from the Cold War, writes Walden Bello in this Inter Press Service commentary. MANILA: Like the Taiwan Strait crisis, the latest incidents on the Korean peninsula remind us of the extent to which the security situation in the Asia-Pacific region continues to be determined by conflicts left over from the Cold War.

Indonesia joins Habitat II int'l conference

Indonesia joins Habitat II int'l conference JAKARTA (JP): An Indonesian delegate to the second World Human Settlement Conference (Habitat II) in Istanbul, Turkey, said yesterday that legal eviction will be among the more contentious issues to be debated by conference participants. Sumadi Brojo told a press conference here yesterday that Indonesian authorities often have to evict people living illegally on government land.

Tri Polyta, Japanese firms sign joint venture

Tri Polyta, Japanese firms sign joint venture JAKARTA (JP): PT Tri Polyta Indonesia, the country's biggest polypropylene resins producer, yesterday signed a joint venture agreement with Nippon Shokubai and Tomen Corporation of Japan to produce acrylic acid and acrylic ester. The agreement was signed by Tri Polyta's president, Sudwikatmono, Nippon Shokubai's president, Kaida, and Tomen's vice president, H. Hirata, at the Grand Hyatt hotel here.

Torajans' anger over virginity soothed

Torajans' anger over virginity soothed JAKARTA (JP): The Tana Torajan community's protest over a bureaucrat's remarks on virginity won sympathy from senior leaders of the House of Representatives yesterday. Leaders of House Commission I on information and Commission III on legal affairs agreed the allegation that 96 percent of Tana Toraja female students have lost their virginity to tourists was slanderous. "The remark was made without scientific data.

Spirit of competition

Spirit of competition The way our athletes fought for and won the Thomas Cup and Uber Cup in Hong Kong at the weekend should dispel any doubt or apprehension caused by the recent suggestion of some local experts that Indonesians, either by nature or cultural inclination, are not competitive.

Tokyo Electric in Sibolga

Tokyo Electric in Sibolga TOKYO (AFP): Tokyo Electric Power Co. Inc. will start generating electricity in Southeast Asian countries in a shift from its long-standing policy of limiting its activity to within Japan, a major daily said. Japan's largest electric power supplier decided to start overseas business because of sluggish demand at home, as well as growing energy demands in other Asian countries, the Asahi Shimbun said Sunday.

Protest delays demolition of houses

Protest delays demolition of houses TANGERANG, West Java (JP): The demolition of 639 houses in Dadap village scheduled for yesterday was delayed upon the request of the ruling group Golkar's Central Board. The Tangerang Regency spokesperson Ena Karlina told The Jakarta Post yesterday that a Golkar courier met with Regent Syaifullah AR, bringing a letter requesting permission to let Golkar members visit the area before any demolition is begun.

'Bajaj' hero gets public recognition

'Bajaj' hero gets public recognition JAKARTA (JP): Police handed a sum of money and a certificate of appreciation to the wife of a bajaj (motorized pedicab) driver who was killed while defending his passenger from being robbed on May 9. Central Jakarta Police Chief Lt. Col. Abubakar Nataprawira refused to reveal the amount, saying it came from the City Police Chief Maj. Gen. Hamami Nata, a North Jakarta businessman and an education foundation called Yayasan Fatahilah.

Many 'Mercado' women anemic

Many 'Mercado' women anemic DILI, East Timor: About 60 percent of housewives living in the area called Mercado (market) Lama are anemic, a local health official said recently. Antara quoted Martha Handoko on Saturday as blaming the unhealthy environment for the problem. Her office plans to fight the prevalence of anemia by asking the local community to participate in a health program which provides free health services for its members.

Women's achievements

Women's achievements From Media Indonesia Alya Rohali's participation in the world beauty contest has caused great concern in the community, particularly among women. Moreover Alya said the she also represented the Betawi people. In fact the Betawi people have never nominated beauty pageant candidates. Mooryati Soedibyo who sent Alya to the Las Vegas beauty contest never feels "enough is enough." She seems to have an obsession that an Indonesian lady could win the contest.

Dharmala's profits up

Dharmala's profits up JAKARTA (JP): Publicly-listed PT Dharmala Sakti Sejahtera yesterday reported consolidated net profits of Rp 67.5 billion (US$30 million) for last year, a 10 percent increase over the previous year. The company's president, Suyanto Gondokusumo, said in a statement issued following the company's annual and extraordinary shareholder meetings yesterday that the company projected a 15 percent increase in net profits this year.

Development of the eastern region

Development of the eastern region The choice of Biak, Irian Jaya, as the pilot project for the eastern region's comprehensive development program is laudable. The tax incentives and liberal regulatory procedures will most likely woo domestic and foreign investors. Besides the program, the government should probably also think in terms of: * Cost of communication. Communication is vital for national unity.

Double glory boosts RI's Olympic quest

Double glory boosts RI's Olympic quest JAKARTA (JP): Indonesia's triumphant Thomas and Uber Cup teams are cutting short their victory celebrations to immediately resume their tough training regime for the Atlanta Olympic Games, which begin in July. "All players will return to their preparations as usual next week, now that the Olympics are drawing near," Indonesian team manager Lutfi Hamid said in Hong Kong yesterday.

NGOs call for commission on children's rights

NGOs call for commission on children's rights JAKARTA (JP): Non-governmental organizations (NGOs) are calling on the government to establish a national commission on children's rights in order to better protect Indonesia's children, especially street children and child workers. A group of 29 NGOs made the proposal here yesterday during a hearing with the House Commission VIII, which oversees health and social services.

Thief killed by mob

Thief killed by mob JAKARTA (JP): A hoodlum was mobbed to death by residents on Jl. Taruna in East Jakarta for trying to rob a female pedestrian yesterday. East Jakarta Police Chief Lt. Col. Gories Mere confirmed the death of Ely Heri Halawa, 28, and said that the criminal had tried to rob a woman named Rimawati. "Ely threatened Rimawati with a machete, demanding her necklace, but Rimawati refused and shouted for help," Gories said.

Bogus reporter arrested in Bogor

Bogus reporter arrested in Bogor BOGOR, West Java (JP): Security officers caught a man posing as a reporter as he tried to interview Mayor Eddy Gunardi about the handling of traders whose Kebon Kembang market kiosks were destroyed by fire in March. The man, who claimed to be a reporter for the Semarang-based Bahari weekly, intercepted the mayor as he left a media briefing on the distribution of temporary kiosks for victims of the fire.

PON to get on-line computer

PON to get on-line computer JAKARTA (JP): The XIV National Games (PON) here next year will have an on-line computer system to ease the compiling of results, programs and other hectic tasks at the national sports gathering. One of the features in the PON on-line system is that it will be connected to electronic public display boards, which will also carry advertisements, during the Games.

Where to go in Jakarta:

Where to go in Jakarta: Music * Hotel Dai-ichi, Jl. Senen Raya 135, Central Jakarta. - Mezzanine Lounge: The Praise Vocal Group, nightly except Sundays, from 8 p.m. to 11 p.m. * Hotel Aryaduta, Jl. Prapatan 44-48, Central Jakarta: - Ambiente Italian Restaurant: Los Morenitos Vocal Group, Monday, Thursday, Sunday from 7:15 p.m. to 11 p.m.; Los Paraguas Vocal Group, Tuesday, Wednesday, Friday, Saturday from 7:15 p.m. to 11 p.m.

Irian abductors do not represent locals: Ex-hostage

Irian abductors do not represent locals: Ex-hostage JAKARTA (JP): The rebels who kidnapped researchers in Irian Jaya were a dangerous and unpredictable small group not representative of the majority of Irianese, a former hostage stated yesterday. Mark van der Wall said the abductors, who claimed to represent the Free Papua Movement (OPM), appeared not to have much interest in the locals' desires and needs. "People in the villages were always kind and hospitable.

Mustika Ratu profits up 114%

Mustika Ratu profits up 114% JAKARTA (JP): PT Mustika Ratu, a manufacturer of traditional medicines and cosmetics, announced yesterday that its net profits last year increased by 114 percent to Rp 16 billion (US$6.95 million) from Rp 7.5 billion the previous year. The profits, audited by the public accounting firm Prasetyo Utomo & Co., resulted from a 39 percent increase in sales to Rp 92.3 billion last year from Rp 66.3 billion in 1994.

Osprey Maritime expands shipping services in Asia

Osprey Maritime expands shipping services in Asia By Benget Simbolon KWANGJU, South Korea (JP): Shipping company Osprey Maritime, the oil and gas shipping unit of the Bimantara Group, has procured four new tankers to strengthen its fleet to 23 carriers, in a bid to benefit from the rapid growth of Asian oil and gas demand.

1996 tax notices sent out

1996 tax notices sent out JAKARTA (JP): The 1996 property tax notice, known as a SPPT- PBB, has been sent to most subdistricts in the capital. In a written statement to The Jakarta Post, Wahab Rachmatsjah, head of the City Revenue Office, said 808,677 notices were sent out between March 25 and May 8. These notices cover tax payers living in 39 of the city's 43 districts.

Kwang Yang's plant in RI

Kwang Yang's plant in RI TAIPEI (AFP): Kwang Yang Motor Co., a leading motorcycle manufacturer in Taiwan, will invest US$60 million to work with Indonesia's Lippo group in building a plant near Jakarta, the Taiwanese firm said. A joint venture contract was signed by the chairmen of the two firms on Saturday and the Taiwanese company will have a 60- percent stake in the plant, Kwang Yang said in a statement here.

No intention to raise fuel prices: Govt

No intention to raise fuel prices: Govt JAKARTA (JP): The government has no intention of raising fuel prices despite the World Bank's suggestion that it increases prices to augment domestic revenues for its budget, ministers said. "The government has no intention and there are not enough reasons to raise fuel prices," Minister/State Secretary Moerdiono announced after meeting with President Soeharto at Merdeka Palace yesterday.