Indonesian Political, Business & Finance News

Archive: 8 May 1996

54 articles found

Three Japanese questioned

Three Japanese questioned SEMARANG: Immigration officials here have been questioning three Japanese tourists who took part in an antinuclear demonstration in nearby Jepara on Sunday. The three Japanese, identified as Eri Kimura, 23, Sato Daisuke, 32, and a woman named Inoue Yoko, 27, took part in a demonstration near the site where the government plans to build a nuclear plant.

WB to loan $26.8m to RI

WB to loan $26.8m to RI JAKARTA (JP): The World Bank has approved a $26.8-million loan for the Sulawesi agricultural area development project to help alleviate poverty in the province.

Santika secures foreign loans to build new hotel

Santika secures foreign loans to build new hotel JAKARTA (JP): PT Hotel Santika Nusajaya, the property division of media giant Kompas Gramedia Group, has secured loans from a number of foreign lending institutions to construct a four-star hotel in Central Jakarta. Kurnia Munaba, an executive at Hotel Santika Nusajaya, said the construction of the planned 12-story hotel on Jl. A.K. Sasuit Tubun, will cost US$40 million.

Resources to lead RI's non-oil export drive: Hartarto

Resources to lead RI's non-oil export drive: Hartarto JAKARTA (JP): Indonesia's resource-based industries will remain the backbone of the country's non-oil exports in years to come, a senior minister said. Speaking at the Atma Jaya Catholic University's graduation ceremony yesterday, Coordinating Minister for Production and Distribution Hartarto said future foreign exchange earners would still be wood-based, agriculture-based and mining-based industries.

Zafy Albert in Bali

Zafy Albert in Bali DENPASAR, Bali: Madagascar President Zafy Albert arrived here yesterday for a one-day unofficial visit to the famed tourist island. Albert's entourage, which includes his wife Therese Augustine Zafi, was welcomed by Bali Governor Ida Bagus Oka and local Army chief Brig. Gen. Syahrir M.S. Albert toured an irrigation system in Gianyar, about 14 kilometers east of here, before visiting an art shop belonging to well-known Balinese artist Ida Bagus Marka.

Religious radio stations question new bill

Religious radio stations question new bill JAKARTA (JP): Private radio stations belonging to religious groups are questioning a government-sponsored broadcasting bill and its attempt to regulate their programming.

Violent youth

Violent youth A recent edition of Scientific American had in its brief reports reference to various studies that indicate a strong link between violent aggressive behavior in adolescents and high blood lead levels. I understand that researchers from University of Indonesia have already studied blood lead levels in various urban populations and found them to be well above acceptable levels. No one so far has made the link between high blood lead levels and violent behavior.

Democratization through evolution possible: Gus Dur

Democratization through evolution possible: Gus Dur SEMARANG (JP): A Moslem scholar says it is possible to achieve an open and democratic society, the nation's founding fathers' ultimate dream, without changing the structure of the state. Abdurrahman Wahid, chairman of the Nahdlatul Ulama Moslem organization, said in a discussion on Sunday that "changes" can evolve from society itself even as the structure of the nation remains the same.

Thesis writing aids students

Thesis writing aids students By Mochtar Buchori JAKARTA (JP): One question being widely discussed these days is whether or not university students should be required to write a thesis paper at the end of their studies. Within the traditions of Indonesian university education, students must write a thesis, or skripsi (from Dutch word: scriptie) at the end of their college education, which should serve as evidence of their academic accomplishments.

WB approves $19m park loan

WB approves $19m park loan JAKARTA: The World Bank has approved a US$19.1 million loan to support the Indonesian government's effort to preserve the Kerinci Seblat national park in Sumatra. Indonesia needs about $46 million to protect the national park from agricultural encroachment, mining, poaching and to promote sustainable development of forest cover in the buffer zones bordering the park.

End to thesis requirement sets us one step back

End to thesis requirement sets us one step back By Jennie Siat JAKARTA (JP): The recent decision of two major education institutions to drop the prerequisite of writing a thesis as part of a degree conferral has astonished many people. It has long been an important tradition in Indonesia for college students to write a thesis to sum up their studies during their college years as a testament of one's reasoning power.

Syarwan

Syarwan Correction: The rank of Armed Forces (ABRI) Chief of Sociopolitical Affairs Syarwan Hamid was wrongly mentioned as Maj. Gen. instead of Lt. Gen. in our photo caption yesterday on this page and on our main story on Monday. We apologize for the mistake. -- Editor

Spotlight

Spotlight Photo A: Ong JP/Oby HAPPY BIRTHDAY: Prominent historian Onghokham (center) raises his hand before cutting his birthday cake. Ong's 63th birthday was celebrated by his closest friends including lawyer Adnan Buyung Nasution (left) and House member Sabam Sirait (third from right). Photo C: Book Grand Hyatt BOOK LAUNCHING: Ministers of Religious Affairs from Indonesia, Singapore, Malaysia and Brunei Darussalam sign an agreement to jointly launch a religious book.

21 foreigners to be deported for various violations

21 foreigners to be deported for various violations JAKARTA (JP): City Police have asked for the deportation of a total of 21 foreigners of various nationalities for a variety of document violations here over a period of 10 months. "They were sent to the Immigration Office for immediate deportation after being arrested in various locations in the city from June last year to March," Lt. Col. Irwan Syamsiar, Head of Foreigners Control at the Jakarta Police Headquarters, said here yesterday.

Organda objects to non-AC bus removal

Organda objects to non-AC bus removal JAKARTA (JP): The chairman of the Land Transportation Owners Association, Organda, is against the idea of eliminating non-AC Patas express buses, saying that its members may go bankrupt if the idea is converted into an official decision. "It will be difficult for private bus companies to rely on regular buses only. Unlike the state-owned PPD bus company, Organda doesn't have any financial back-up," Aip Sjaifuddin said.

BII Plaza's 2nd tower completed

BII Plaza's 2nd tower completed JAKARTA (JP): A ceremony at BII Plaza, which was held on Monday, marked the completion of the top floor of the 36-story skyscraper. The construction of the second tower at BII Plaza, located on Jl. Thamrin in the heart of the capital, started in January 1994, project director David Su said in a speech during the ceremony on Monday. The ceremony was attended by several tycoons including Probosutejo and Eka Cipta Wijaya.

'Priok residents must leave'

'Priok residents must leave' JAKARTA (JP): The operation to clear Jl. Agung Karya VI in North Jakarta will continue to make way for a water pipeline project, a public order official said yesterday. Boy Firman Syarir, the mayoralty official in charge of public order, told The Jakarta Post that the residents had no right to live there. "None of them have Jakarta identity cards," he said.

Kedah chief says asked to resign

Kedah chief says asked to resign KUALA LUMPUR (Reuter): The head of government in Malaysian Prime Minister Mahathir Mohamad's home state said yesterday he had only tendered his resignation because he was asked to do so. "I only wish to say I sent in my resignation letter to the Prime Minister because he asked me to do so," Osman Aroff, chief minister of the northern Kedah state, was quoted as saying by the national Bernama news agency.

1983-1993 a critical period in RI's financial history

1983-1993 a critical period in RI's financial history Financial Sector Deregulation, Banking Development and Monetary Policy The Indonesian Experience 1983-1993 Binhadi Published by Indonesian Bankers Institute, 1995 Pp XXXIV + 540 JAKARTA (JP): From the years 1983 to 1993, no less than 11 deregulation packages and a new banking bill were approved within Indonesia's financial and monetary sectors, shaking the very foundation of the established financial mechanism upon implementation of these...

Taiwan's oil deals with RI

Taiwan's oil deals with RI TAIPEI (Reuter): Taiwan's state-run Chinese Petroleum Corp said yesterday it would sign three contracts for two oil units and one oil exploration project with Indonesia yesterday. Under the oil unit contracts, CPC will build an asphalt unit with estimated investment of U$24 million and invest U$50 million to build a lubricating oil unit in Indonesia, a CPC official said.

Pakuwon Jati to build a new shopping center

Pakuwon Jati to build a new shopping center SURABAYA, East Java (JP): A publicly-listed property developer, PT Pakuwon Jati, got its shareholders's approval to build a new shopping center here with a total investment of Rp 248 billion (US$105.8 million). "The new project, to be called Tunjungan Plaza IV, will be partially financed by bonds worth Rp 150 billion to be issued soon," a director of the company, Omar Ishananto, told journalists after the annual shareholders meeting here yesterday.

Customer asks for status of blocked bank account

Customer asks for status of blocked bank account JAKARTA (JP): A customer of the Standard Chartered Bank here has asked the authorities to immediately explain the status of her account of Rp 1 billion which was blocked by the bank four months ago. "We need clarification. The sooner, the better," businesswoman Yee Mei Mei, a Hong Kong national operating a investment service company here, told The Jakarta Post here yesterday.

Poor facility

Poor facility I am writing to sympathize with Wiwik Damayanti, who told us in her letter of May 5 in The Jakarta Post of her bad experience at the car parking facilities of Hero, Maskumambang. I think this is a problem that Hero should address on a wide- scale basis, since the situation at Maskumambang sounds very similar to that of Hero at Jalan Teroggong Raya, Jakarta.

Independent poll watchdog secures strong support

Independent poll watchdog secures strong support JAKARTA (JP): Despite the government's rejection of the Independent Election Monitoring Committee (KIPP), the group has secured strong support from five major student groups. The Association of Islamic Students, the Indonesian Islamic Students Movement, the Union of the Indonesian Catholic Students, the Indonesian Christian Students Movement and the Indonesian Nationalist Students Movement all gave their backing yesterday.

Tembaga Mulia's profits drop 85%

Tembaga Mulia's profits drop 85% JAKARTA (JP): PT Tembaga Mulia Semanan, a publicly-listed copper rod manufacturer, reported an 85 percent drop in its net profits to Rp 1.1 billion (US$469,684) last year, in spite of a substantial increase in its sales revenues. The company's total sales increased from Rp 263 billion in 1994 to Rp 359 billion last year but its gross profits declined from Rp 18 billion to Rp 17 billion as the cost of goods rose from Rp 245 billion to Rp 341 billion.

Govt called on to open up credit rating industry

Govt called on to open up credit rating industry JAKARTA (JP): Business analysts called on the government yesterday to open up the credit rating industry to support the country's growing market for short-term and long-term debt securities. Christianto Wibisono, a noted business analyst, suggested adding at least one more credit rating agency so that issuers of debt instruments will have alternatives.

Officials told not to hide zoning plans

Officials told not to hide zoning plans JAKARTA (JP): Vice President Try Sutrisno yesterday called on government officials to publicly expose national zoning plans in order to avoid people manipulating the plans for personal profit. "There shouldn't be any more concealment, something which can be and is often used to gain profit by certain elements of society," he said as he opened a national convention on public participation in zoning and urban development yesterday.

Banks urged to favor cheap house developers

Banks urged to favor cheap house developers JAKARTA (JP): Banks should not tighten lending to low-cost house developers in need of financial facilities, the chairman of developers' association said. "If the banks indiscriminately limit their property credit, we'll see some 50 percent of our developers going bankrupt," Edwin Kawilarang, the chairman of the Real Estate Indonesia, which groups all Indonesian developers, announced yesterday.

South Korean cup selections stun RI badminton coaches

South Korean cup selections stun RI badminton coaches JAKARTA (JP): South Korea's surprising doubles partnerships in both the Thomas and Uber Cups will pose a dangerous threat to Indonesia, national coaches warn. Indonesia's men's doubles coach Christian Hadinata said yesterday he was amazed at learning that South Korea put Barcelona Olympic gold medalist Park Joo-bong in its second men's doubles team.

German journalist to hold exhibition

German journalist to hold exhibition JAKARTA (JP): A photograpic exhibition entitled Nostalgia by German photographer Andre Gelpke is to be held at Galeri Foto Jurnalistik Antara in Pasar Baru, Central Jakarta, from tomorrow to May 23. Nostalgia is the fifth exhibition of the Aspects of Contemporary German Photography Exhibition Series, which features new trends adapted by talented German photographers.

Film, music and art at Jakfest '96

Film, music and art at Jakfest '96 JAKARTA (JP): The Jakarta Promotion Board will hold an international festival of arts and culture from May 20 to May 26. Fauzi Wibowo, the chairman of the organizing committee, said Jakfest '96 will feature dances, music and handicrafts from 18 countries, including Australia, the Netherlands, Hong Kong, Japan, Slovenia and host Indonesia.

Dubbing

Dubbing From Neraca The Minister of Education and Culture recently appealed to the state-owned and private television stations to translate the words of foreign films into Indonesian. I was perplexed by this idea because the era of globalization requires us to learn foreign languages, particularly English. Government officials and artists should be able to communicate in English, but that is not the case. Many of them need interpreters when they have to express themselves.

An Indonesian angle

An Indonesian angle I refer to the correspondence on visas. Most countries require visas for entry, even Indonesia, to stop unwanted persons from countries lower on the development scale from entering and possibly overstaying their welcome. The Brazilian mentioned that he stopped going to Canada because they introduced visas and that he doesn't want to go to Australia if they have visas. So why did he come to Indonesia where they have very strict visa requirements for expatriates.

Indriyani's records lift Indonesia into world's elite

Indriyani's records lift Indonesia into world's elite JAKARTA (JP): Just like the young teenager David who saved his people after years of despair, Sri Indriyani snatched herself world laurels that has put Indonesia into weight lifting's elite. Indonesia had to wait more than half a century to climb to the top rung of the ladder; until tiny Indriyani stretched her tremendous muscles for three gold medals in the 22nd Junior World Weightlifting Championships in Warsaw over the weekend.

Prostitutes want trade union

Prostitutes want trade union JAKARTA (JP): The government is upset about the planned establishment of a trade union for some 200 prostitutes in the Silir red-light district in Surakarta, Central Java. "The plan is irritating," said Director General of Tourism Andi Mappi Sammeng on Monday. He pointed out that prostitution has never been part of the country's tourist industry as some people have claimed.

Only 200 Javanese eagles left

Only 200 Javanese eagles left JAKARTA (JP): There are only about 200 Javanese eagles left in Indonesia, Director General of Nature Preservation and Forest Protection Soemarsono, said on Monday. The eagles (spizateus bartelsi) live in lowland plains and mountains up to 3,000 meters and are found in West, Central and East Java, he said at the opening of a three-day workshop on Javanese eagles in Cisarua, West Java.

Milk import ratio continues

Milk import ratio continues JAKARTA (JP): The government plans to continue applying an import-ratio policy of 1:2.4 for milk products for the first semester of this year. A statement issued by the Ministry of Agriculture's Directorate General for Animal Husbandry said yesterday that based on the current policy, milk-processing companies are allowed to import the equivalent of 2.4 liters of fresh milk for every liter of fresh milk they buy from domestic farmers.

Sydney losing touch with Dreamtime history

Sydney losing touch with Dreamtime history By Michael Perry SYDNEY (Reuter): Haunting aboriginal voices echo the names of Sydney's lost aboriginal clans in a sight-and-sound sculpture in the financial center of this city, but most workers hurry by oblivious to Sydney's black history. Beneath this city's chrome and glass and sprawling suburbia, lies an ancient culture dating back at least 20,000 years.

1996 rice production may reach 51.16m tons

1996 rice production may reach 51.16m tons JAKARTA (JP): The government is optimistic that Indonesia will be able to achieve its target for this year's rice production of 51.16 million tons, a 2.6 percent increase over the 49.86 million tons reached last year. The Ministry of Agriculture's Director General for Food Crops and Horticulture, Amrin Kahar, said yesterday that if the target is achieved, it would be Indonesia's largest to date.

Shipping sector gets value-added tax breaks

Shipping sector gets value-added tax breaks JAKARTA (JP): The government has exempted imports and domestic purchases of all types of ships, except those to be privately owned by individuals, from a 10 percent value-added tax. The tax exemption facility is stipulated in the Minister of Finance's Decree No. 326/KMK.04/1996, which was issued yesterday in support of the deregulation measures in the shipping industry announced in January.

Govt still controling PTP Agrintara

Govt still controling PTP Agrintara JAKARTA (JP): The debut of state plantation companies in developing downstream industries through their jointly-owned PTP Agrintara seem to be beset with government intervention, cost overruns and project delays and questionable deals.

Obituary

Obituary Sadjarwo Djarwonagoro, minister of agriculture during the Old Order administration of President Sukarno, died of heart failure in Jakarta on Monday. He was 78 years old. Antara reported yesterday that Sadjarwo had been treated for a month at the Pertamina Hospital for heart and lung troubles. He was flown to Yogyakarta to be buried at the Taman Siswa cemetery yesterday.

Media and democracy

Media and democracy The House of Representatives this week began debating the long-awaited Bill on Broadcasting, a bill this nation urgently needs to provide a legal framework for the broadcasting industry. The document was drafted by the government, and as Minister of Information Harmoko told the House's plenary session when he introduced the bill on Monday, it is the result of extensive discussions with mass media experts as well as representatives of the broadcasting industry.

On noise pollution

On noise pollution The house in which we live is part of a complex that surrounds the old Pertamina assembly hall, now known as Gedung Wanita Patra. While I have nothing but good wishes for those who use this facility for weddings, meetings and so forth, I am completely at a loss as to why the operators keep the external public address system functioning throughout the events taking place inside the building, given the proximity of the houses in the surrounding complex.

Minimum wage

Minimum wage I would like to give some comments on regional minimum wage and overtime pay. The Manpower Ministry's decision Kep. 72/Men/1984 concerning overtime pay should be obeyed by employers. Jakarta Governor Surjadi Soedirdja has also urged companies in Jakarta to obey the government's new minimum wage regulation (The Jakarta Post, April 20, 1996, page three, Firms told to obey new minimum wage law). The governor's demand that companies implement the minimum wage law should be obeyed.

Late paper

Late paper As a result of problems at our printing shop, many of our Jakarta readers received their copies of The Jakarta Post late. We apologize for the inconvenience. -- The Publisher

Eddy Tansil escapes from prison

Eddy Tansil escapes from prison JAKARTA (JP): A bearded Eddy Tansil walked out of the Cipinang penitentiary with a new hairdo on Saturday night, but his escape was brought to the attention of Minister of Justice Oetojo Oesman just yesterday. A massive manhunt was launched as soon as the government learned that businessman Tansil, who was serving a 20-year jail sentence for bank fraud, had fled the prison.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on May 7, 1996: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 925 0 0 AHAP Insurance 2,800 0 0 Alumindo Perkasa 725 0 0 Andayani Megah 1,525 50 2,318,000 Aneka Kimia Raya 4,300 0 0 Anwar Sierad 2,375 25 460,500 Aqua Golden Mississippi 2,300 0 0 Argha Karya Prima Industry 3,250 0 0 Argo Pantes 2,150 0 0 Asahimas Flat 2,900 50 371,500 Asiana IMI Indusrties 1,500 -50...

Project aid for telecoms

Project aid for telecoms JAKARTA (JP): PT Aria West International has signed an agreement with four leading arrangers to raise US$615 million in project finance facilities to finance the establishment of 500,000 telephone lines in West Java. The company said in a statement yesterday that the four arrangers were Chase Bank, Canadian Imperial Bank of Commerce, Credit Lyonnais and Sanwa Bank.

RI to preserve local cultures

RI to preserve local cultures YOGYAKARTA (JP): Experts warned against the rapid flow of modernization "swallowing up" traditional cultures here, calling for "a management of culture with a vision". Representative of the United Nations Educational, Scientific and Cultural Organization (UNESCO) Stephen Hill said in a press briefing here yesterday that Indonesia's traditional cultures may disappear unless they are developed and managed by creative people with vision.

Government calls for restraint in wake of protests

Government calls for restraint in wake of protests JAKARTA (JP): The government yesterday appealed to all parties, including the university students who have taken to the streets these past two weeks, to refrain from engaging in any activities that could disturb peace and order. Coordinating Minister for Political Affairs and Security Soesilo Soedarman said after a limited cabinet meeting that people should resolve whatever differences they have by peaceful means.

Pramindo wins certificate

Pramindo wins certificate JAKARTA (JP): PT Pramindo Ikat Nusantara, a joint venture between France Telecom, the Astra Group and two other local partners, yesterday received its inter-connection test certificate in Medan, North Sumatra. The certificate, delivered by Director General of Post and Telecommunications Djakaria Purawidjaja to Pramindo's president Mrs.

Sentence for trigger-happy soldiers said 'too lenient'

Sentence for trigger-happy soldiers said 'too lenient' SURABAYA (JP): Relatives of the four Madurese shot dead while protesting against a government project in 1993 are unhappy with the punishment meted out to the trigger-happy soldiers. The farmers' relatives from Nipah village on Madura Island say the punishment was too lenient and they plan to demonstrate their discontent to the National Commission on Human Rights in Jakarta.

Five more Puncak villas torn down

Five more Puncak villas torn down JAKARTA (JP): Five more buildings in Cisarua subdistrict in Puncak, Bogor will be demolished this week, Bogor Regent H.M. Eddie Yoso Martadipura said. After opening the first Bogor handicraft festival in Cibinong, some 30 kilometers south of Jakarta, the regent said the demolition of buildings found to be illegally built in restricted areas of Puncak would continue in an effort to return Puncak to its role as a water catchment area.