Indonesian Political, Business & Finance News

Archive: 9 May 1996

54 articles found

Most job seekers unskilled

Most job seekers unskilled TANGERANG, West Java (JP): Most job seekers in Tangerang do not meet the requirements for industrial job opportunities, an official says. The head of the Tangerang Regency Manpower Ministry office, Engkos Kosim, said yesterday that there were a total of 29,234 job seekers in Tangerang, but that only 13,810 of them had found jobs in the first four months of this year.

Flooding of tunnel under tollway

Flooding of tunnel under tollway From Kompas The tunnel linking Kampung Rambutan bus terminal with Jl. Manunggal in Ceger, East Jakarta, is transformed into a knee-deep waterway when it rains, compelling pedestrians, many school children among them, to cross the Jagorawi tollway instead. They then have to brave the flow of speeding vehicles. PT Jasa Marga, the toll road authority, should have the tunnel repaired immediately. FADLI SOEROYO Jakarta

Pino needs 30-day rest to heal spinal injury

Pino needs 30-day rest to heal spinal injury JAKARTA (JP): Indonesia's ace middleweight boxer Pino Bahari needs to take a full month's rest to heal a spinal injury if he is to run his bid for the Atlanta Olympic Games this July. "According to orthopedic Doctor Chaehab, Pino needs to rest for a month to fully recover from his injury," Daniel Bahari, Pino's coach and father, announced yesterday.

365 firms seek exemption from minimum wage rule

365 firms seek exemption from minimum wage rule JAKARTA (JP): Minister of Manpower Abdul Latief yesterday disclosed that 365 companies have applied to be exempted from the government minimum wage policy which came into force on April 1. Latief stressed that the number of applicants represented only 0.2 percent of the 160,000 companies in Indonesia, and therefore could not be taken to signal massive opposition to the government's wage policy.

Tansil's escape erodes trust in law enforcers

Tansil's escape erodes trust in law enforcers JAKARTA (JP): Fraudulent tycoon Eddy Tansil's dramatic escape from prison, allegedly with the help of warders, has badly dented the public's trust in law enforcers, observers said yesterday. They said the escape of the businessman serving a 20-year sentence for defrauding Bank Pembangunan Indonesia (Bapindo) of $620 million should prompt the government to review prison security systems.

One shot dead and four arrested in Central Jakarta taxi robbery

One shot dead and four arrested in Central Jakarta taxi robbery JAKARTA (JP): Police shot to death a suspected taxi robber and arrested four other people, including a 16-year-old female, during a midnight raid in Central Jakarta, says a police officer. Jakarta Police spokesman Lt. Col. Iman Haryatna said yesterday that the group was charged with robbing the driver of a Gading taxi and attempting to steal the vehicle on Tuesday evening.

Bank NISP profit up 27%

Bank NISP profit up 27% JAKARTA (JP): The publicly-listed Bank NISP announced yesterday that its net profits rose 27 percent to Rp 17 billion last year from Rp 13 billion the previous year. The bank said in a statement that the total funds generated from the public increased by 28 percent to Rp 500 billion as of the end of last year, while its loans grew by 28 percent to Rp 709 billion. The bank's total assets rose 33 percent to Rp 875 billion as of last December.

Rock guitarist Carlos Santana in action tonight

Rock guitarist Carlos Santana in action tonight By Oscar Motuloh JAKARTA (JP): Carlos Santana, a veteran rock guitarist, will perform at the Jakarta Convention Center tonight. The concert will round off a series of international superstar performances in the capital, such as Deep Purple, Stevie Wonder, Tina Turner, Mick Jagger, Metallica, Yngwie Malmsteen and Sting.

Passenger buses fear vandals

Passenger buses fear vandals BANDA ACEH, Aceh: A local organization made up of privately- owned public transportation companies is asking that their passenger buses plying the Banda Aceh-Medan route in North Sumatra be given protection against groups of vandals often found along the route. Spokesman M. Syukur was quoted by Antara as saying yesterday that the groups of hooligans have been attacking passenger buses for the past month.

'World Voice' concert at Ancol

'World Voice' concert at Ancol JAKARTA (JP): Following its successful evening concert in March, the Ikapari Country Music Association will stage the Voice of the World music concert at the Ancol Art Market on May 12, from 2 p.m. to 6 p.m. The concert, held in cooperation with the management of the Ancol Recreation Center, will feature country, pop, blues, rock and ethnic music categories presented by expatriates living in Jakarta.

Indosat to set up new cellular phone venture

Indosat to set up new cellular phone venture JAKARTA (JP): The country's international telecommunications carrier PT Indonesian Satellite Corporation (Indosat) plans to set up a new subsidiary which will operate an improved digital mobile cellular telecommunications system.

North Jakarta mayor leads kiosk demolition

North Jakarta mayor leads kiosk demolition JAKARTA (JP): North Jakarta Mayor Suprawito led an operation yesterday to tear down 200 kiosks standing along a riverbank and on a railway track in Pademangan. Suprawito expressed anger that his warnings issued through the subdistrict office were ignored by the traders. "I want this place immediately cleared or I will tear the kiosks down myself," Suprawito said, as quoted by the Antara news agency.

Fertilizer a rarity

Fertilizer a rarity From Kompas The use of artificial fertilizers has been increasing in the past two years. The fertilizer has increased rice production. But now fertilizer stocks are dwindling and it is feared that it will become a rarity. To cope with the scarcity of artificial fertilizers, and to reduce our dependency on this particular type of fertilizer, the farmers should use natural fertilizers such as compost. DJOKO SANTOSO Jakarta

Tribesmen to be 'civilized'

Tribesmen to be 'civilized' SAMARINDA, East Kalimantan: About 6,000 families from isolated tribes have yet to be "developed" and introduced to civilization, Antara reported. Benny L. Tumbuan from the local office of the Ministry of Social Services said most of the tribesmen are still living in poor conditions in some of the province's remotest areas. The government plans this year to resettle some 150 families in the regencies of Bulungan and Kutai.

Educate the public

Educate the public Two important developments related to television took place last week. First, the proposal by the minister of information, supported by the minister of education and culture, for private television stations and theaters to dub all foreign films into Indonesian by Aug. 16 at the latest. This, according to the Minister of Education and Culture, would "promote the growth of the national culture and the national identity".

Cambodia prepares to join ASEAN

Cambodia prepares to join ASEAN PHNOM PENH (AFP): The Cambodian government, preparing for the formal consideration of its application to join the Association of South East Asian Nations (ASEAN), has created an agency to oversee its membership, the foreign ministry said yesterday. Cambodia's ASEAN Directorate-General is to be headed by long- time diplomat You Ay, the country's director of international cooperation during the former State of Cambodia government.

Rights abuses found in Ujungpandang

Rights abuses found in Ujungpandang JAKARTA (JP): The National Commission on Human Rights announced yesterday that there were rights abuses during the clashes between security officers and students last month in Ujungpandang, South Sulawesi.

Bintang gets 34 months for insulting the President

Bintang gets 34 months for insulting the President JAKARTA (JP): Controversial politician Sri Bintang Pamungkas was sentenced yesterday to two years and 10 months imprisonment for calling President Soeharto a dictator. The Central Jakarta District Court found Bintang, who lost his seat in the House of Representatives in May last year, guilty of slandering the head of state.

'Antara' joins the Internet

'Antara' joins the Internet JAKARTA (JP): Antara announced yesterday that it has begun relaying some of its news and photo services on the Internet. The official news agency signed an agreement yesterday with PT Rahajasa Media Internet (RADnet), one of the major Internet providers in Indonesia, to make its news and photo services available to the global community.

Pertamina signs contracts with foreign firms

Pertamina signs contracts with foreign firms JAKARTA (JP): The state-owned oil company Pertamina yesterday signed two production-sharing oil contracts and two agreements to set up asphalt and lube oil blending plants worth $75 million with foreign and local companies. The first oil contract was awarded to Overseas Petroleum and Investment Corp., a subsidiary of the Taiwanese state-owned company China Petroleum Corporation (CPC), and Treasure Bay Enterprises. CPC's president, Alex T. Y.

Soeharto encourages shuttlers

Soeharto encourages shuttlers JAKARTA (JP): President Soeharto yesterday called on Indonesia's Thomas and Uber Cuppers to consider their title defense mission in Hong Kong from May 16 to May 26 a national duty, not as a burden. "Maintaining what has already been achieved is certainly not an easy task. But this should not be regarded as a burden," Soeharto told 20 members of the country's Thomas and Uber Cups teams at the Merdeka Palace yesterday.

Adi Andjojo told to be quiet over bribery case

Adi Andjojo told to be quiet over bribery case JAKARTA (JP): Deputy Chief Justice for General Crimes Adi Andojo Soetjipto has been instructed to stop talking to the press about allegations that a group of Supreme Court judges accepted Rp 1.4 billion (US$600,000) to acquit a defendant last July. In spite of the written order from Chief Justice Soerjono, Adi Andojo went to reporters yesterday to announce that he had been reprimanded for calling his earlier press conferences.

RI's account deficit predicted to grow to $8.5b

RI's account deficit predicted to grow to $8.5b JAKARTA (JP): Economist Sjahrir estimated yesterday that Indonesia's current account deficit for the current fiscal year will expand to US$8.5 billion, far higher than the government's projection of $6.9 billion.

Morgue receives 105 bodies

Morgue receives 105 bodies JAKARTA (JP): The morgue at the Cipto Mangunkusumo General Hospital in Central Jakarta received 105 people last month, killed in various accidents, the morgue records indicate. "The number does not include the criminals killed in police raids, or those who died from natural causes," a morgue attendant said yesterday.

City gets solar clocks

City gets solar clocks JAKARTA (JP): The state-owned Pertamina oil company has donated three solar-powered clocks to the municipality. Pertamina President Faisal Abda'oe symbolically presented the clocks to Governor Surjadi Soedirdja at City Hall recently. The clocks are now standing in the Blok M shopping area, South Jakarta, in front of the Pertamina central office and near the Gambir train station, Central Jakarta.

TV today

TV today TVRI 2:30 p.m. Travel: My Country 2:35 TV Series: Ultraman 3:00 News: Lintasan Berita 3:05 Dance Show 3:30 Travel 4:00 News: Lintasan Berita 4:05 Science Film: Here Comes The Stars 4:30 Women World 5:00 Evening News 5:30 Arabic Lessons 6:00 News: Lintasan Berita 6:05 Nusantara, the Beloved Country: Jakarta 6:15 Village Program 6:25 Koran Recital 6:35 Religious Teachings: Islam 7:00 Evening News 7:25 Garuda Pancasila/Filler/Teller 7:35 Hobby: Sukses Berkarya 8:00 News: Lintasan Berita...

Seminar to discuss coal

Seminar to discuss coal JAKARTA (JP): Indonesia and the Netherlands are to jointly host a seminar on clean coal technology for electricity supply on May 14 and 15 to explore the possibility of cooperation between the two countries in the energy sector. The Indonesian-Netherlands Association (INA), the two countries' business association, announced yesterday that the two-day seminar will be opened by Minister of Mines and Energy I.B. Sudjana and Dutch Minister of Economic Affairs G.J. Wijers.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on May 8, 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 0 305,500 Aneka Kimia Raya 4,200 -100 27,500 Anwar Sierad 2,300 -75 273,000 Aqua Golden Mississippi 2,300 0 0 Argha Karya Prima Industry 3,250 0 30,000 Argo Pantes 2,150 0 0 Asahimas Flat 2,825 -75 120,000 Asiana IMI...

RI firms need revamp to survive free market

RI firms need revamp to survive free market JAKARTA (JP): Indonesian companies will need to restructure themselves if they want to survive in the upcoming free market era, a management consultant says.

Alleged killers face seven months

Alleged killers face seven months JAKARTA (JP): A prosecutor asked the East Jakarta district court yesterday to sentence two men to seven months each for allegedly beating a man to death. The prime suspect, identified as Iman, is still at large. On Dec. 18, 1995, Iman, asked Danu Aji and Zainal Arifin if they wanted to play guitar together in front of the 213 Junior High School on Jl. Malaka I in East Jakarta.

Ramos to visit Japan next week

Ramos to visit Japan next week MANILA (UPI): Philippine President Fidel Ramos said yesterday he is scheduled to visit Japan next week in a two-day trip during which he is expected to discuss regional and economic issues with top officials. Ramos said he hopes to encourage more Japanese businessmen to invest in the Philippines during the trip on May 16-17, when he is slated to address a conference sponsored by the Japanese news agency Nihon Keizai Shimbun.

Pasaraya Nusakarya to go public soon

Pasaraya Nusakarya to go public soon JAKARTA (JP): PT Pasaraya Nusakarya, a retail company owned by the ALatieF Corporation, is to offer its shares to the public through the Jakarta Stock Exchange to raise funds of over Rp 100 billion (US$42 million) to finance an expansion project.

Inflation rate 0.78 percent in April: Finance ministry

Inflation rate 0.78 percent in April: Finance ministry JAKARTA (JP): The Ministry of Finance yesterday announced an inflation rate of 0.78 percent in April, after recording deflation of 0.61 percent in March. A spokesman for the ministry, Agus Haryanto, said that the April inflation rate was lower than the 1.69 percent recorded in April of last year.

Police pledge to solve blocked account case

Police pledge to solve blocked account case JAKARTA (JP): Police promised yesterday to solve rapidly the dispute between the Standard Chartered Bank office here and its foreign customer whose Rp 1 billion (US$435,000) account has been frozen by the bank since January. "Today we plan to question a number of executives of the HongKong Bank office here in connection with the case," National Police Spokesman Brig. Gen. Nurfaizi said yesterday.

Motorola and Indolink First Pacific sign contract

Motorola and Indolink First Pacific sign contract JAKARTA (JP): PT Indolink First Pacific, a nationwide beeper operator, yesterday signed a US$1.8-million contract with Motorola, a telecommunications giant of the United States, for the purchase of Flex, a new transmission system. Indolink is controlled by the Hong Kong-based First Pacific Communications Holdings, in which Salim Group has a stake, and the employee cooperative of the Ministry of Tourism, Post and Telecommunications.

Blueprint for stock mart

Blueprint for stock mart JAKARTA (JP): The Capital Market Supervisory Agency is scheduled to announce today a five-year stock market development blueprint. The agency's chairman, I Gede Putu Ary Suta, said yesterday that the blueprint will cover all strategies to develop local capital markets within the next five years. "Maybe some parties consider the presence of this blueprint as too late.

Honoring Tien

Honoring Tien From Republika Located on 265 hectares of land east of Jakarta, Taman Mini Indonesia Indah reflects all the cultures and traditions that exist in Indonesia. Built 25 years ago, the park is indeed monumental and has a strong sense of environment orientation and offers to domestic as well as foreign visitors the cultural beauties and arts which are typical to Indonesia.

400 students pledge allegiance to Golkar

400 students pledge allegiance to Golkar SURABAYA (JP): Hundreds of senior high school students in the Mojokerto regency have pledged to vote for the ruling Golkar group in the general elections next year. Nearly 400 students from the state high school Sooko made their wishes known last week to Hariyono, secretary to the Mojokerto municipality, and Golkar's local chief, Moeslim. The students said they had family members belonging to the Civil Servants Corp and the Armed Forces.

Students stage protest

Students stage protest SEMARANG, Central Java: Dozens of students from the Ibu Sukirah School of Marine Technology held a protest yesterday at the provincial legislative council, saying the school's administrators have yet to register the school officially. Antara reported that the 60 students, representing 300 others, said the school established in 1994 was not even listed at the Central Java office of private colleges.

Board recommends heroine title for the late Mrs. Tien

Board recommends heroine title for the late Mrs. Tien JAKARTA (JP): The Central Board for the Supervision of Heroes yesterday endorsed appeals to confer the award of national heroine on the late First Lady Mrs. Tien Soeharto. Minister of Social Services Inten Suweno, who chairs the board, led a meeting yesterday to discuss the proposal, put forward by various members of the public following Mrs. Tien's death on April 28 in Jakarta. "Mrs.

Soeharto wants Tansil captured

Soeharto wants Tansil captured JAKARTA (JP): President Soeharto yesterday called for the swift recapture of business tycoon Eddy Tansil who, allegedly with the help of insiders, escaped from prison on Saturday. In addition, Soeharto ordered Justice Minister Oetojo Oesman and related authorities to publish both the original and latest photographs of the fraudulent entrepreneur.

Regencies hit by earthquakes

Regencies hit by earthquakes TERNATE, Maluku: The cities of Ternate and Soasio in the regencies of Central Halmahera and North Maluku were hit yesterday afternoon by an earthquake measuring 5.5. on the open Richter scale, Antara reported. There were no casualties reported in the quake, which lasted for about five seconds, according to Riyo Fauzy, head of the local Meteorology and Geophysics office.

Eddy Tansil's escape

Eddy Tansil's escape Once again the name of Eddy Tansil in on everybody's lips. On Saturday last week the man who hit the headlines in 1994 by defrauding the state-owned Bank Pembangunan Indonesia -- the Development Bank of Indonesia or Bapindo -- to the sweet tune of Rp 1.3 trillion (US$620 million), escaped from prison. He was supposed to have stayed behind bars for another 18 years.

Radarsat leaders due here

Radarsat leaders due here JAKARTA (JP): Executives from Radarsat International Inc. (RSI) of Vancouver, Canada, and several Canadian firms engaged in satellite data utilization, application and analysis, will start a three-day visit here next Tuesday.

Golden Key Group boss Eddy Tansil rarely travels alone

Golden Key Group boss Eddy Tansil rarely travels alone By Endy M. Bayuni JAKARTA (JP): When businessman Eddy Tansil fell from grace, he did not go down alone. Five government bankers have gone to prison, a judge has been under investigation, and two former powerful cabinet ministers were discredited. Now a number of prison officials are also under the gun. All were alleged to be in "collusion" with him.

Banks told to stimulate local capital market

Banks told to stimulate local capital market JAKARTA (JP): The Capital Markets Supervisory Agency (Bapepam) has called on custodian banks and fund managers to establish mutual funds to help inject badly needed "blood" into local capital markets. The agency's chairman, I Putu Gede Ary Suta, said at a seminar here yesterday that large local custodian banks with their extensive networks across the country can initiate the establishment of mutual funds.

Pasar Festival to be ready

Pasar Festival to be ready JAKARTA (JP): A new retail and food center in the Soemantri Brodjonegoro sports complex on Jl. HR Rasuna Said in Kuningan, South Jakarta, is nearing completion, with more than 40 retail and food outlets scheduled to open. Pasar Festival is to meet the dining and shopping needs of at least 2,000 executives, whose offices are located along Jl. HR Rasuna Said, one of the busiest roads in Jakarta, Tony Stills, general manager of Pasar Festival, said yesterday.

Pefindo supports foreign entry

Pefindo supports foreign entry JAKARTA (JP): Pefindo, Indonesia's only rating agency, does not object to the possible entry of world-class players such as Standard & Poor's and Moody's Investors Services into the country, the company's president, Farid Harianto, said here yesterday. "It is no problem if Moody's and S & P open their branches here. Our rating results will complement with one another," he said in response to a call for the need of opening up the rating business to foreign players.

Argha Karya's profits up

Argha Karya's profits up JAKARTA (JP): PT Argha Karya Prima Industry, an integrated manufacturer of flexible packaging in the NAPAN Group, yesterday reported an 8-percent increase in net profits to Rp 25 billion last year from Rp 23 billion (US$9.8 million) in 1994.

ASEAN senior officials discuss Pacific Concord

ASEAN senior officials discuss Pacific Concord YOGYAKARTA (JP): Senior officials from the Association of Southeast Nations (ASEAN) yesterday explored the possibility of ensuring even greater regional security by establishing a Pacific Concord and a Code of Conduct for the Spratlys. The proposal for the establishment of the Concord and the Code was presented by non-government experts at the ASEAN think tank known as the ASEAN-ISIS. The group is often referred to as 'track-two'.

Spaniard Sainz makes debut at Medan World Rally

Spaniard Sainz makes debut at Medan World Rally MEDAN, North Sumatra (JP): The third leg of the 1996 FIA World Rally Championship starting tomorrow is due to hot up in more ways than one in the tropical Rally of Indonesia where men and machines face the scorching heat and high humidity of Sumatra's jungles. Hosting a round of the world rallying event for the first time, temperatures of over 40 degrees Centigrade in the shade and 98 percent humidity make this the hottest round of the series.

Resourceful students

Resourceful students From Republika Much has to be done to solve the problem of the frequent student brawls in Jakarta. I think the Ministry of Education and Culture should improve the school curriculum. Young people are energetic, emotional and adventurous and failure to channel these youthful qualities can lead to anarchism, frustration and even crime.

Real Indonesians

Real Indonesians Reading the letters on "racism in Indonesia" in response to Arief Budiman's article, I would like to comment.

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.