Indonesian Political, Business & Finance News

Archive: 11 June 1996

48 articles found

PT Miwon approves dividends

PT Miwon approves dividends JAKARTA (JP): The shareholders of PT Miwon Indonesia, a major publicly-listed producer of food seasonings, yesterday approved the management's proposal to pay a dividend of Rp 28.5 (1.2 U.S. cents) per share. Speaking at a press conference after yesterday's shareholders meeting, a company director, Bhakti Salim, said that the dividends will total Rp 2.4 billion (US$1.04 million) or 29 percent of the company's 1995 net profits.

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.

PDI, unite!

PDI, unite! From Media Indonesia I am very concerned about the prevailing friction within the Indonesian Democratic Party. I have observed that there are some people who do not want to see political parties in Indonesia grow and become self-supporting. These people wish political parties to remain dependent and supplementary to Indonesian democracy.

Justice Adi was wrong: Soerjono

Justice Adi was wrong: Soerjono JAKARTA (JP): A special team investigating allegations that members of the Supreme Court accepted bribes to acquit the Gandhi Memorial School principal found no evidence to support the claim, Chief Justice Soerjono announced yesterday. The team however found a "violation of procedure" in the way that the Gandhi Seva Loka vs Ram Gulumal alias V. Ram case was parceled out to the panel of justices in the Supreme Court.

AIDS union acceptable, say ulemas

AIDS union acceptable, say ulemas JAKARTA (JP): Leading East Java ulemas concluded their two-day deliberations on contemporary social problems yesterday, agreeing that marriage to an AIDS patient is religiously valid, Antara reported yesterday. They ruled that the marriage is makruh, a technical term in sharia (Islamic law) which means that a deed is permissible, but not preferred.

RI to field 36 in track and field meet

RI to field 36 in track and field meet JAKARTA (JP): Indonesia has selected 36 boys and girls to line up the national team for the Milo ASEAN School track and field championships here this weekend. Spokesperson of the Indonesian Amateur Track and Field Association, Nia Sarinastiti Regar, said yesterday that all the athletes were scouted during the just concluded national junior and school competition.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on June 10, 1996: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 925 0 0 AHAP Insurance 2,800 0 0 Alumindo Perkasa 700 -25 26,000 Andayani Megah 1,200 -25 339,500 Aneka Kimia Raya 4,400 0 0 Anwar Sierad 2,200 -50 36,500 Aqua Golden Mississippi 2,300 0 0 Argha Karya Prima Industry 3,150 0 0 Argo Pantes 1,975 0 0 Asahimas Flat 2,700 0 0 Asiana IMI Indusrties 1,800 0 0...

PDFCI and BTN provide $390m for toll road project

PDFCI and BTN provide $390m for toll road project JAKARTA (JP): Publicly-listed Bank PDFCI and state-owned Bank Dagang Negara (BDN) are jointly arranging a syndication loan of Rp 920 billion (US$390.3 million) for a consortium of companies in charge of building a 19.2-kilometer toll road in the city. "The loan agreement will be signed here next week," R.C. Eko Santoso Budianto, a director at Bank PDFCI, said after the bank's annual and extraordinary shareholders meetings yesterday.

National runners dominate 10K

National runners dominate 10K JAKARTA (JP): National marathon runners dominated the Kasogi 10- kilometer race in Surabaya, East Java, on Sunday. Asian Championships silver medalist Tri Asih Handayani from Salatiga, Central Java, finished first in 35 minutes and 13 seconds to beat teammate Ruwiyati's one-year-old record by 0.99 second. Defending champion Ruwiyati, also from Salatiga, managed to improve her record when she ran 35:38, but she had to settle for runner-up.

Protect RI flora

Protect RI flora From Kompas I often meet foreign tourists either from Europe, Australia or Asia, visiting our forests to collect seeds of certain flora. For example, a Japanese tourist recently went to Pagar Gunung in Bengkulu to look at the blossoming rafflesia. With the help of a local villager he also collected seeds and vegetation that interested him.

Malaysia detains Ashaari's brother

Malaysia detains Ashaari's brother KUALA LUMPUR (AFP): Malaysian police have arrested a brother of the once-powerful leader of the outlawed Al Arqam Islamic sect, as they widened an investigation into alleged attempts to revive the movement. Police arrested Hashim Muhammad, the younger brother of former Al Arqam leader Ashaari Muhammad, at his house in Rawang on the outskirts of Kuala Lumpur late on Sunday, Bernama news agency reported.

Police back decision in hoodlum shooting

Police back decision in hoodlum shooting JAKARTA (JP): Police defended yesterday the fatal shooting of a hoodlum in Tanah Abang last Friday saying that the man, labeled a troublemaker by local vendors, was shot for attacking officers after he killed a vendor. Central Jakarta Police Chief Lt. Col. Abubakar Nataprawira announced yesterday that police never gun down anyone unless necessary. "This is a police rule that must be respected," Abubakar said.

Catholics join Corpo Cristo

Catholics join Corpo Cristo DILI, East Timor: Around 12,000 Catholics joined the Corpo Cristo service on Sunday in remembrance of Christ's crucifixion, Antara reported yesterday. The service, led by Bishop Monsignor Carlos Felipe Ximenes Belo, began with a procession headed by a group of people carrying a three-meter high cross from Motael church to the Mother Mary statue in Licedere, East Dili. The ceremony is conducted every year after the celebrations of Easter and Christ's Ascension Day.

House criticizes broadcasting bill

House criticizes broadcasting bill JAKARTA (JP): The House of Representatives yesterday found faults with almost every part of the government-sponsored bill on broadcasting and called for improvements. The bill, submitted for House deliberation by Minister of Information Harmoko last month, attempted to regulate, among other things, licensing for broadcasting stations' programs. Some House factions agreed that the attempt only indicated the government's wish to control the media.

Govt backing of PDI breakaways criticized

Govt backing of PDI breakaways criticized JAKARTA (JP): The government has once again become the target of criticism from political observers for its backing of the dissenters in the Indonesian Democratic Party (PDI). Frans Seda, a former cabinet minister and former chairman of a Catholic party which was merged into the PDI in 1973, said the government should not have interfered in the party's internal disputes by favoring one camp over the other. "The government should have been wiser.

Indonesian businessmen are lazy: Ambassador

Indonesian businessmen are lazy: Ambassador By T. Sima Gunawan ISTANBUL, Turkey (JP): Indonesian Ambassador to Turkey Soelarso blasted private companies for their paltry efforts in exploring the huge trade opportunities in this country. "We, from the embassy, are ready to help, but it seems that they (businesspeople) can't be bothered to seek market opportunities here," he told Indonesian journalists here Sunday.

Viewing change positively

Viewing change positively In Indonesia, lately, there have been a number of political jolts which only two decades ago would have been difficult to imagine in a country where people are obsessed with peace and political and economic stability. At present, however, tangible facts tell us that change -- or the desire to bring about change -- is on the rise everywhere. Indonesian workers are beginning to feel fed up with being paid wages they consider inhumane.

Spatial planning violations threaten Bogor environment

Spatial planning violations threaten Bogor environment BOGOR, West Java (JP): Violations of the area's spatial planning have led to the deterioration of Bogor's environment, from development in the Puncak mountain resort to building on riverbanks. Rokhin Dahuri of the Bogor Agriculture Institute said yesterday that real estate development and infrastructure construction in other areas such as Parung and Cileungsi have sacrificed forests mainly comprising rubber trees.

Eighty-four guns handed in by retired ABRI members

Eighty-four guns handed in by retired ABRI members JAKARTA (JP): As many as 84 guns of various types were voluntarily returned by 17 retired Armed Forces members, including three generals, to the Jakarta Military Command yesterday. The three former generals are Maj. Gen. (ret) Eddie M. Nalapraya, Maj. Gen. Bambang Sinarujo and late Vice Admiral Koentowibisono, who was represented by his wife.

Soeharto urges efficient use of natural resources

Soeharto urges efficient use of natural resources JAKARTA (JP): President Soeharto yesterday urged the nation to use the country's natural resources efficiently and to make conservation a primary concern. Speaking at a ceremony to present the Kalpataru and Adipura award to individuals and cities for their environmental work, Soeharto said that giant leaps in science and technology have allowed mankind to exploit nature with increasing swiftness and ferocity.

Poet to be immortalized

Poet to be immortalized MEDAN, North Sumatra: Local artists and cultural observers are calling on the government to name the new airport to be built in Kuala Namu, Deli Serdang after the province's renowned poet and national hero, Amir Hamzah. Antara reported that the 200 artists made the call after attending a seminar in conjunction with the 50th anniversary of Hamzah's death on Sunday. The airport will be built some 40 km southeast of here to replace the Polonia airport.

Chandra Asri, Peni sign 5-year contract

Chandra Asri, Peni sign 5-year contract JAKARTA (JP): PT Chandra Asri Petrochemical Center has signed its biggest ethylene supply contract with polyethylene producer PT Peni. "Under the terms of the agreement, Chandra Asri will pipe 140,000 tons of ethylene each year to Peni's plant in Merak for five years," Chandra Asri's vice president and chief executive officer, Peter F. Gontha, said yesterday.

Parties' symbols and names for election announced

Parties' symbols and names for election announced JAKARTA (JP): Minister of Home Affairs Moch. Yogie S.M. announced yesterday the names, symbols and numbers of the three contestants in next year's general election. The announcement was made following a meeting on May 21 between Yogie, in his capacity as chairman of the General Election Institute, with the executive boards of the United Development Party (PPP), the Golkar functional group and the Indonesian Democratic Party (PDI).

Teenager faces prison term for kidnapping baby

Teenager faces prison term for kidnapping baby JAKARTA (JP): A teenager is facing a maximum 12-year prison sentence if found guilty of abducting a baby, a court here was told yesterday. In his indictment, prosecutor Suriansjah told the Central Jakarta district court that suspect, Yanti, had allegedly kidnapped victim Erni Presti, then 6 months old, on March 5.

Rain a threat to parachuting meet

Rain a threat to parachuting meet JAKARTA (JP): Unexpected rains could disrupt the Sixth World Parachuting Championships at Lake Lido in Bogor, West Java, but organizers believe the show will go on as planned from June 14 to June 24. Ahmed Solihin, the championships' program coordinator, told The Jakarta Post yesterday that the organizers had consulted the Meteorology and Geophysics Agency about the weather forecast. "It's strange that it has been raining lately.

Freeport and the natural beauty

Freeport and the natural beauty With respect to PT Freeport's propaganda Is the natural beauty, rich biodiversity under threat? in The Jakarta Post, June 5, 1996, I would like to make a few comments. The fact that no chemicals are used in Freeport's mineral processing operation is a positive surprise. Especially since in standard grinding and flotation techniques chemicals are still used as collector, frother and modifier reagents.

Police arrest suspected thieves

Police arrest suspected thieves PURWOREJO, Central Java: Police have arrested four people suspected of stealing money designated for Ngombol district teachers' salaries, amounting to Rp 117 million (about US$49,787), Antara reported yesterday. Kedu police chief AE Rustandi said on Saturday that police also managed to recover all the money. In addition, they confiscated the two cars and two motorcycles used in the theft.

Ciputra builds new town

Ciputra builds new town JAKARTA (JP): A 600-hectare town located 20 minutes from the Cibubur toll gate in the direction of Jonggol, will be officiated in August, complete with mini-zoo and camping grounds. A botanical garden is also planned for the town named CitraIndah Kota Nuansa Alam in the Bogor regency. The project is being built by PT Kharismakusuma Pujalestari of the Ciputra Group.

BM Diah dies of heart failure, buried as hero

BM Diah dies of heart failure, buried as hero JAKARTA (JP): Burhanuddin Muhammad Diah, whose illustrious career included stints as journalist, cabinet minister, ambassador and hotelier, was buried at Kalibata Hero's Cemetery yesterday. B.M. Diah, as he was better known, died of heart failure at a Jakarta hospital in the early hours of yesterday. He was 79.

Open audit of firms called for

Open audit of firms called for JAKARTA (JP): The government should first conduct open audits on the financial situations of companies before granting their requests for exemptions from the minimum wage regulation, a lawyer says. Teten Masduki, head of the Workers Division at the Indonesian Legal Aid Foundation, said that the audits should be completed by public accountants, not those appointed by the government.

Arid areas develop own farming system

Arid areas develop own farming system By Bambang Budi Utomo Arid areas in eastern Indonesia have long been a problem. How do the local inhabitants cope with the problem? Here is a story of their efforts to survive. JAKARTA (JP): Man is dependent on the natural environment of his habitat which provides him with food and raw materials for other needs. Man obtains food to subsist by exploiting his environment.

Oki trial to begin this week

Oki trial to begin this week JAKARTA (JP): The long-awaited trial of Harnoko Dewantoro, better known as Oki, for his alleged involvement in a triple murder in the United States will begin on Thursday, a court official said. According to Budiman Sijabat, head of the crime division at the Central Jakarta district court, the team of judges will be made up of I.G.K. Sukarata, the head of the court, Subardi and Alboin Sianipar. J. Kamaru, M. Yamin, R. Widyo Pramono and M.

Jakarta housing health hazard, expert says

Jakarta housing health hazard, expert says ISTANBUL, Turkey (JP): An expert warned that crowded houses in Jakarta are unhealthy. Jes Clauson-Kaas, an environmental engineer from the Copenhagen-based COWI consulting firm, said over the weekend that a study in Kali Anyar clearly demonstrates the negative health impact of crowding. Crowding also has negative social and psychological affects, which can lead to stress.

Costly chemicals

Costly chemicals The June 4 deregulation package exempted ethylene, polyethylene, propylene and polypropylene, the building blocks of plastics and synthetic fibers, from the scheduled tariff reductions.

KIA expects profit jump

KIA expects profit jump JAKARTA (JP): PT Keramika Indonesia Asosiasi (KIA) of the Ongko Group expects to double its net profits this year to around Rp 22 billion (US$9.3 million), in line with a significant increase in its production capacity. KIA's president, Sugiarta Gandasaputra, told journalists here yesterday that the drop in company's net profits, from Rp 14.5 billion in 1994 to Rp 11 billion last year, was due to spending on several expansion projects.

Upi notches 2nd loss to Nana

Upi notches 2nd loss to Nana JAKARTA (JP): Upi Darmayana Tamin yesterday extended her loss to Georgia's woman grandmaster, Nana Alexandria, to 2-0 in their five-hour second match at Hotel Indonesia. The 26-year-old Indonesian, apparently short on experience and composure, fell to the three-time champion of the former USSR at the 33rd move in their first match on Sunday.

Friends and 'foes' have fond memories

Friends and 'foes' have fond memories JAKARTA (JP): Friends and 'foes' of B.M. Diah had fond memories of the man some considered tough and temperamental, yet who could be tender at times. Here are some of their comments: Rosihan Anwar (journalist, co-founder of Merdeka): "We had conflicts in our profession, but we never held any grudges. We managed to stay friends. It was a strange relation indeed. He was temperamental and emotional." Jakob Oetama (editor of Kompas who served with B.M.

Eight die in accident

Eight die in accident SURABAYA, East Java: Eight students of Sambeng junior high school, Lamongan regency died and 30 other people were injured when their bus was hit early yesterday by a cargo train bound for Semarang, Central Java. Antara quoted the Perumka railway company's spokesman, Sudaryono, as saying that the collision took place in the Jl. Pahlawan crossing, Lamongan. Police are still investigating the case.

Taekwondo gears up for 1998 Asiad

Taekwondo gears up for 1998 Asiad JAKARTA (JP): The Indonesian Tae kwon do Association yesterday became the first sport organization to start qualification for the 1998 Asian Games in Bangkok, sending 13 athletes to the Asia Pacific Championships in Melbourne, Australia. The championships, which will run from Friday to Sunday, will serve as the first qualifying tournament for both the 1998 Asian Games and the millennium Olympic Games in Sydney.

Agronomists to hold congress

Agronomists to hold congress JAKARTA (JP): The Association of Indonesian Agronomists will hold its sixth annual congress and national symposium here later this month. The association's chairwoman, Justika S. Baharsjah, said yesterday that the congress will bring together scientists, experts and enthusiasts to exchange information on agronomy and other related fields.

Housing sector needs better finance: BTN

Housing sector needs better finance: BTN JAKARTA (JP): State-owned Bank Tabungan Negara's (BTN) president, Tito Soetalaksana, called yesterday for the establishment of more long-term financial sources to finance the country's growing property industry. He said that the traditional long-term financial sources such as bond instruments are no longer sufficient to support the rapid development in the property sector.

Tourism to play important role: BPS

Tourism to play important role: BPS JAKARTA (JP): Based on the growth of the tourism industry over the past five years, the Central Bureau of Statistics (BPS) is expecting the sector to play an increasingly important role in the country's economy. The bureau's chairman, Sugito Suwito, said yesterday that the number of tourist arrivals increased by an average of 19.72 percent per annum between 1990 and 1995, while the country's revenues from their spending rose 26.67 percent a year.

200 local workers to assemble Timor at S. Korean plant

200 local workers to assemble Timor at S. Korean plant JAKARTA (JP): PT Udatin said here yesterday that it will soon send 200 workers to South Korea, where they will work with Kia Motors Corp. to produce Indonesia's national cars. The company's general director, Sodiq, said in a statement that the company will send 100 workers during the first stage.

Modern Group to pay $2.4m in dividends

Modern Group to pay $2.4m in dividends JAKARTA (JP): Three publicly-listed companies of the Modern Group -- Modern Photo, Modernland Realty and Modern Bank -- yesterday received shareholders' approvals for their proposed dividends. An executive of the Modern Group, Michael Haribowo, told journalists here that Modernland has allocated Rp 5.7 billion (US$2.4 million) or 25 percent of its 1995 net profits for dividends payment.

Agrintara to commence palm oil production soon

Agrintara to commence palm oil production soon JAKARTA (JP): The construction of PTP Agrintara's palm oil refining plant on Batam island, Riau, which has been accused of fraudulent dealings, will be ready to start production by the end of September, an executive says. Agrintara's director for production and technique, Ali Sati Siregar, was quoted yesterday by Antara as saying in Batam that the construction was now 75 percent completed.

TV today

TV today TVRI 2:30 p.m. Travel: My Country 2:35 TV Series: Kid's Song 3:05 Music: Ensemble Kolintang 3:30 TV Series: Beyond Tomorrow 4:00 News: Lintasan Berita 4:05 Science 4:30 TV Drama: Tahu Diri Dong 5:00 Regional News 5:30 English Lessons 6:05 Nusantara, the Beloved Country: Central Java 6:15 Village Program 7:00 Evening News 7:25 Garuda Pancasila/Filler/Trailer 7:30 Talks: Wawasan 8:05 TV Drama: Salah Pilih 9:00 World News 9:30 Sports: Badminton 10:30 Late News 10:40 TV Series: Harapan Nan...

Wal Mart to meet vendors

Wal Mart to meet vendors JAKARTA (JP): Wal Mart International, a major department store chain of the United States, will meet its Indonesian vendors on the Jakarta fairground here on June 21 and June 22. Multipolar Corporation, the Indonesian franchisee of the chain, announced yesterday that the meeting would be attended by Wal Mart's president and chief executive officer, Bobby L. Martin, and several other senior executives, including John Ryan and Lee Stucky.

China and ASEAN see need for talks

China and ASEAN see need for talks BUKITTINGGI, West Sumatra (AFP): China and the seven-member Association of South East Asian Nations (ASEAN) agreed on the need for dialogue to lessen tensions in the region, officials said here yesterday. "It must be acknowledged that tensions exist in the region due to long-standing disputes," Izhar Ibrahim, the director general of political affairs at the Indonesian foreign affairs ministry, said.