RI investment mission to visit South Korea JAKARTA (JP): The Investment Coordinating Board (BKPM) will send an investment mission to South Korea from May 19-24 to promote business opportunities in Indonesia, particularly in the production of automotive components to support the government's national car program.

National athletes to take media course JAKARTA (JP): Print and electronic media have come to play an increasingly important role in the world of sports. Press coverage has helped athletes to become idols for millions of people. In return, many of the athletes are expected to please their fans with colorful statements and performances. However, Indonesia's athletes are still learning how to deal with the media.

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on May 2, 1996: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 925 -50 1,500 AHAP Insurance 2,800 0 0 Alumindo Perkasa 725 0 0 Andayani Megah 1,575 -25 158,000 Aneka Kimia Raya 4,300 0 0 Anwar Sierad 2,475 0 1,148,000 Aqua Golden Mississippi 2,300 0 0 Argha Karya Prima Industry 3,300 0 12,500 Argo Pantes 2,100 0 0 Asahimas Flat 2,875 -25 318,500 Asiana IMI...

Guarantee fund needs government ruling: Kadin JAKARTA (JP): A licensing constraint has hindered the operation of the guarantee fund founded jointly by the Indonesian Chamber of Commerce and Industry (Kadin) and the ruling Golkar organization last October. Kadin's chairman, Aburizal Bakrie, said yesterday that the fund, called PT Penjamin Kredit Pengusaha Indonesia, has not acquired its operation license yet from the government.

Taiwan to invest in RI TAIPEI (Reuter): Taiwan's state-run Chinese Petroleum Corp said yesterday it would sign a memorandum of understanding with seven Taiwan petrochemical companies to coordinate investment in Indonesia. CPC spokesman Fang Yi-Shan said the pact would set out guidelines for investments by the eight firms in projects related to CPC's No.2 naphtha cracker, which it plans to move to Indonesia from Kaohsiung in southern Taiwan.

Uber Cup title holder depending on singles JAKARTA (JP): Indonesia's team for the Uber Cup women's badminton championships announced yesterday looks experimental and heavily dependent on the singles players. But in the Thomas Cup men's division, the national association warned the opposition of its seemingly unavoidable progress to another victory as it paraded Joko Suprianto-led heavyweights who currently rule the roost in the badminton world.

Pertamina sells LSWR SINGAPORE (Reuter): Indonesia's state oil company, Pertamina, has allocated an additional 300,000 barrels of low sulfur waxy residue (LSWR) for May exports, industry sources said. The exports will add to the 3.7 million barrels that Pertamina announced last week for May allocations. Sources said Pertamina has not issued a formal notification of the extra availabilities, but company officials have verbally informed affiliates.

Pribadi chairs Econ SINGAPORE (Reuter): Econ International Ltd (Econ) said yesterday it had appointed Indonesian businessman Andry Pribadi non-executive chairman. It said four other Indonesian businessmen had been appointed senior non-executive officials of the diversified construction group's board, effective May 2. Pribadi is a substantial shareholder in Econ through shares held by Yenville Pte Ltd.