Indonesian Political, Business & Finance News

Archive: 20 June 1996

57 articles found

Military working towards peace dialog with Suu Kyi

Military working towards peace dialog with Suu Kyi YANGON (Reuter): Myanmar's military government said yesterday it was doing all it could to move towards dialog with pro- democracy opposition leader Aung San Suu Kyi. "Realizing dialog is needed for genuine reconciliation, cordial relations are being established for peace," a newspaper commentary said.

Venture capital companies lack project funds

Venture capital companies lack project funds JAKARTA (JP): Venture capital companies in West Java, Yogyakarta and Bali are short of capital to finance venture projects in the three provinces. Executives of the venture capitals told a hearing with Commission VII of the House of Representatives here yesterday that they are only able to finance less than half of the proposed projects due to the capital shortage.

City toll road charges increased by Rp 500

City toll road charges increased by Rp 500 JAKARTA (JP): Toll charges for city turnpikes have been increased by Rp 500 (22 U.S. cents) from today. Sedans, jeeps, pick-ups and medium-sized trucks and buses are now charged Rp 3,000; large trucks and buses Rp 4,000 and articulated trucks Rp 5,000. Public transport commuter vehicles, like public buses and employee buses, are charged Rp 2,000. Taxis are subject to the new sedan rates.

Sound advice

Sound advice Regarding the recent debate about dubbing television programs, there are several points to consider. The first is esthetics. It is rather absurd watching a group of westerners speaking perfect Indonesian, or Chinese speaking perfect English, or Japanese speaking Chinese, or whatever. The second point is educational value, which most television programs lack.

Bank delays bond issue

Bank delays bond issue JAKARTA (JP): Publicly listed Bank Bali has postponed its plan to float bonds, saying that borrowing on the financial market is cheaper. "As the national banks are currently very liquid, getting funds from the money market will be cheaper than floating bonds," Bank Bali's President Rudy Ramli said yesterday. Speaking to reporters after a shareholders' meeting, Rudy predicted the trend will continue until the end of this year.

PDI rebels support Soerjadi

PDI rebels support Soerjadi By M.M.I. Ahyani MEDAN, North Sumatra (JP): Leading dissenters in the Indonesian Democratic Party (PDI) claim they have no intention to unseat incumbent chief Megawati Soekarnoputri, yet say 109 of the 306 branches have expressed support for the re-election of former chairman Soerjadi. Congress organizers Untung Sutomo and Mulyono Sutarmo announced yesterday that some branches "openly stated their support for Soerjadi" before the congress started.

Chicken breeders told to work in partnership

Chicken breeders told to work in partnership JAKARTA (JP): Minister of Agriculture Sjarifudin Baharsjah said yesterday that large-scale chicken breeders must establish partnerships with their smaller counterparts. Baharsjah said here that by fostering partnerships, smaller chicken breeding operations can manage up to 60 percent of a company's total chicken population.

Megawati fires 16 dissenters from PDI board

Megawati fires 16 dissenters from PDI board JAKARTA (JP): Chief of the Indonesian Democratic Party (PDI) Megawati Soekarnoputri dismissed 16 dissenters from her central executive board yesterday for convening a rebel congress. The board's secretary-general, Alexander Litaay, told the press about the mass dismissal at the party's headquarters on Jl. Diponegoro in Central Jakarta. He called the congress a coup.

PT Cahaya Kalbar starts share offering

PT Cahaya Kalbar starts share offering JAKARTA (JP): PT Cahaya Kalbar, a producer of specialty fats, yesterday started its three-day initial public offering (IPO), expecting to raise approximately Rp 34 billion (US$14.4 million). Inarno Djajadi, the president of PT Aspac Uppindo Securities, the lead underwriter of the share offering, said that the Rp 500- nominal value shares were sold at Rp 1,100 each, representing a price-earning ratio of eight times forecast earnings for 1996.

Jakarta's air heavily polluted

Jakarta's air heavily polluted From Kompas Jakarta's air pollution is rated third after Mexico and Bangkok (Kompas, June 7, 1996). Both carbon monoxide and plumbum gases are hazardous to one's health, especially after one has been exposed to them over a long period of time. This was admitted by Minister of Environment Sarwono Kusumaatmadja in a TVRI news broadcast some time ago. The major cause of pollution is motorized vehicles.

PDI rehash

PDI rehash The Indonesian Democratic Party (PDI) has been divided into two poles. The Fatimah Ahmad group and the Megawati group. There is another (unconstitutional) group, the Yusuf Merukh group, that was not recognized by the government. Each group claims to be legitimate. I hope the government acts wisely and carefully in its effort to solve the PDI row. The government should not side with any faction on the pretext that it is in line with the organization's statutes.

Smuggled garlic seized

Smuggled garlic seized JAKARTA (JP): Tanjung Priok Seaport Police have seized 35 tons of smuggled garlic worth Rp 350 million (US$148,936) at Tanjung Priok harbor in North Jakarta. City Police Spokesman Lt. Col. Iman Haryatna said on Tuesday that the police also arrested two men, identified as Sn, 45, and Ns, 35, who were crew members on the KM Kabanjahe vessel which was transporting the garlic from Belawan harbor in Medan. Two men who police believe wanted to buy the garlic were also arrested.

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.

Soerjadi -- the come back kid of Indonesian politics

Soerjadi -- the come back kid of Indonesian politics JAKARTA (JP): If anyone in Indonesian politics deserves the "Come Back Kid" title, Soerjadi probably fits the bill, especially if a congress of the Indonesian Democratic Party (PDI) organized by a breakaway group which opens today in Medan goes ahead with reappointing him to lead the party. Soerjadi was not only kicked out in 1993 after seven years at the helm, a period which saw the party gaining in strength and popularity.

Sapardi to read his poems

Sapardi to read his poems JAKARTA (JP): The works of noted poet Sapardi Djoko Damono will be read at a special event called Hujan Bulan Juni (June Rain) at the Graha Bhakti Budaya building in the Taman Ismail Marzuki Arts Center on June 27. The reading, which is scheduled to start at 8 p.m., will feature local artists, including Maudy Koesnaedi (star in the local TV series Si Doel Anak Sekolahan), Dindon WS (play director), Ags.

ASEAN, U.S. to discuss Myanmar

ASEAN, U.S. to discuss Myanmar WASHINGTON (AFP): U.S. Secretary of State Warren Christopher will discuss Myanmar's renewed crackdown on dissent with his Southeast Asian counterparts in July, the State Department said yesterday. But spokesman Nicholas Burns said Washington was still considering whether to send an envoy to the military-ruled country to convey American concern or simply to continue talks with Myanmar's neighbors in the Association of Southeast Asian Nations (ASEAN). Two U.S.

Where to go in Bandung:

Where to go in Bandung: Music and entertainment * International Imperium Hotel: Jl. Dr. Rum No. 30-32, Central Bandung: - Florence Restaurant: Famous Bandung Electonist Evan & The Pretty Singer, every Saturday, from 7 p.m. to 11 p.m. * Sheraton Hotel: Jl. Ir. H. Juanda No. 390: - Tuscany's Restaurant: Sundanese Dance, Monday to Tuesday, at 8 p.m.; Batak Trio Band, Friday and Saturday, at 7:30 p.m. - Samsara Lounge: Sundanese Dance, Thursday - Saturday, at 8 p.m.

Road-sweepers to get raise

Road-sweepers to get raise PURWOKERTO, Central Java: Banyumas Regent Djoko Soedantoko promised to give 1,200 road-sweepers and other sanitation workers a pay raise when expressing his pleasure over the Adipura award which the city recently won. "Thanks largely to the workers, Purwokerto received the honor, so they deserve a raise," Djoko told The Jakarta Post yesterday.

Increased domestic gas consumption urged

Increased domestic gas consumption urged JAKARTA (JP): The president of the state-owned oil company Pertamina, Faisal Abda'oe, called yesterday for a significant increase in domestic gas consumption in a bid to delay Indonesia becoming a net oil importer.

TV today

TV today 2:30 p.m. Travel: My Country 2:35 TV Series: Family Matters 3:00 News: Lintasan Berita 3:05 Dance 3:30 Travel: Montreal 4:00 News: Lintasan Berita 4:05 Science Film: Here Comes The Stars 4:30 Sport: Silat Pancasera 5:00 Evening News 5:30 Arabic Lessons 6:00 News: Lintasan Berita 6:05 Nusantara, The Beloved Country: East Kalimantan 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 Nationality: LEMHANAS 8:00...

'Angkot' owners complain

'Angkot' owners complain TANGERANG, West Java (JP): Owners of Angkot (public transportation minivans) here are upset at having to pay fees when their route permits expire. An Angkot owner plying the route between Pasar Anyar and Jurumudi said that he had to pay Rp 120,000 to the Land Transportation Control Agency to renew his route permit. "We are also required to buy a sticker that costs us an additional Rp 50,000," the owner, who asked not to be identified, told The Jakarta Post yesterday.

Extra toll for airport trips starting today

Extra toll for airport trips starting today JAKARTA (JP): Vehicles traveling to and from the Soekarno- Hatta International Airport will be charged an additional toll fee as of today. Owners of sedans, jeeps, pick-up trucks and other Class I vehicles must pay Rp 4,000 (US$1.6) at the new toll gate in Kapuk, North Jakarta, including the Cengkareng toll fee, for those entering the Jembatan Tiga 1 gate. Fees thus total Rp 7,000, including the charges of the urban toll fees.

Present situation hampers efficiency of RI economy

Present situation hampers efficiency of RI economy JAKARTA (JP): Legal uncertainty, a cumbersome bureaucracy and a lack of transparency in government policies will hamper Indonesia's efforts to increase its economic efficiency when facing tighter competition in the globalization era, a noted economist has said.

Market economics and democracy

Market economics and democracy By Makmur Keliat The following article is the second of two articles on the relations between market economy and democratization. SURABAYA (JP): There is no doubt that democracy is a contested concept since all regimes usually claim to have governed through the principles of democracy. For this simple reason it is necessary to define what we precisely mean by democracy.

Curbing pollution

Curbing pollution I agree with most of Mr. Gentry's letter What is to be done about Jakarta air (The Jakarta Post, June 18, 1996). I like to see a guy throwing brains rather than money at a problem. Permit me to add something. I believe the high tax on new vehicles is one of the largest causes of pollution in Indonesia. The average Indonesian Angkutan Kota (public transport vehicle) would choke the analyzer Gentry has described in a few seconds, being built for new American vehicles.

BII gets BA2 rating

BII gets BA2 rating HONG KONG (Reuter): Moody's Investors Service said yesterday it had assigned ratings of BA2 and not prime to Bank Internasional Indonesia. The rating agency also assigned a Bank Financial Strength Rating (BFSR) of "D" to the bank. It said the difference between the senior debt and the long- term deposit ratings reflected the greater risk that deposits were more likely to be rescheduled in the event of "a stress scenario".

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on June 19, 1996: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 850 0 10,000 AHAP Insurance 2,800 0 0 Alumindo Perkasa 675 0 13,500 Andayani Megah 1,200 -50 135,000 Aneka Kimia Raya 3,850 -50 68,500 Anwar Sierad 2,000 -100 54,500 Aqua Golden Mississippi 2,300 0 0 Argha Karya Prima Industry 2,900 -75 7,500 Argo Pantes 1,975 0 0 Asahimas Flat 2,400 0 23,500 Asiana IMI...

Weather continues to interrupt parachuting c'ship

Weather continues to interrupt parachuting c'ship By Primastuti Handayani LIDO, West Java (JP): Hazy weather and strong wind continue to disrupt the programs at the Sixth World Parachuting Championships on Canopy Formation here. The organizer has had to halt the competition a number or times due to recurring bad weather since the first day of the championship, which started on Sunday. However, the organizer is optimistic that the championships will finish on schedule.

Foreign chess grandmasters to play here

Foreign chess grandmasters to play here JAKARTA (JP): Three Indonesian grandmasters will entertain four visitors in a chess tournament scheduled from July 8 to July 22, the Indonesian Chess Association announced yesterday. The three Indonesians are GM Utut Adianto, GM Ardiansyah and GM Edhi Handoko. Their guests are Julian Hotson of England, T'kachiev of Kazakhstan, Dibyandu Barua of India and Ye Zhiang Chuan of China.

Court to hear student's assault

Court to hear student's assault JAKARTA (JP): National Police Spokesman Brig. Gen. Nurfaizi said yesterday that it should be left to the courts to decide the guilt of a student involved in a violent demonstration. "Just wait and see in court. We hope the session will be held soon," Nurfaizi told 15 students who asked the police to release their friend, Amin Baharudin, who has been detained since June 4.

Scholars lament Indonesia's poor diplomatic strength

Scholars lament Indonesia's poor diplomatic strength JAKARTA (JP): Political analyst Sayidiman Suryohadiprojo yesterday lamented the current state of Indonesia's diplomacy, which he says is not commensurate with its position as a middle- ranking country in the world.

Ample corn supplies push prices down

Ample corn supplies push prices down KUALA LUMPUR (Reuter): Abundant supplies of imported corn in Thailand and Malaysia have pushed domestic prices lower and they will probably ease further into next week, traders said yesterday. But Indonesian corn prices climbed on the back of a poor harvest in the key growing region of Lampung in South Sumatra, Jakarta grain traders said.

Shipping firms need fund for new vessels

Shipping firms need fund for new vessels JAKARTA (JP): The Indonesian National Shipowners Association suggested yesterday that the government introduce measures to help improve the capability of its members to purchase new vessels. Association chairman Firdaus Wadjadi and secretary-general Barens Th. Saragih told a hearing with the Budgetary Commission of the House of Representatives yesterday that domestic shipping firms desperately wanted three concessions to support their businesses.

RI allocates 230,000 bpd of crude

RI allocates 230,000 bpd of crude SINGAPORE (Reuter): State-owned Indonesian oil firm Pertamina has allocated about 230,000 barrels per day (bpd) of crude oil in July against its initial allocation of 200,000 bpd in June, oil traders said yesterday. Traders said the amount of crude oil available for export in July was slightly less than that available in June because of a slight decrease in Arun condensate.

Australia-RI links must be enhanced: Taylor

Australia-RI links must be enhanced: Taylor By Gedsiri Suhartono JAKARTA (JP): When Ambassador Allan Robert Taylor took his post here in April 1993, there were only four Australian media representatives in Indonesia. Now there are seven, including the Sydney Morning Herald. Taylor said he believed journalist exchanges encourage the people to people contact intended by the Australia Indonesia Institute.

Air officials meet

Air officials meet JAKARTA (JP): Asia-Pacific civil aviation director generals began their 32nd annual conference here to exchange experiences and to discuss problems. The one-week conference, which was officially opened yesterday by Minister of Transportation Haryanto Dhanutirto, focuses on "Human factors in aviation safety and security". Some 200 participants from 40 nations and institutions will attend the conference.

Illness forces Indonesian shuttlers from Asia Cup badminton meet

Illness forces Indonesian shuttlers from Asia Cup badminton meet JAKARTA (JP): Illness forced two junior female shuttlers, Uber Cup team member Meiluawati and doubles player Carmelita, out of the on-going Asia Cup badminton championship in Seoul, South Korea. The championship's organizer, Maya Hidayat of the International Management Group, said Meiluawati had the chicken pox and Carmelita, who usually plays doubles with Sandiarto, had a fever.

Coping with speculators

Coping with speculators The tendency toward economic overheating and the increasing globalization of the financial market have been posing heavier challenges to Bank Indonesia in maintaining monetary stability. The political overtones in the run-up to next year's general election make the task of monetary management even more delicate because wild rumors can trigger sudden speculative assaults on the rupiah.

Asiana's bonus shares

Asiana's bonus shares JAKARTA (JP): A publicly-listed toymaker, PT Asiana IMI Industry, obtained its shareholders' approval to pay dividends of Rp 50 (2 U.S. cents) per share and to issue three bonus shares for every five old shares. The company said yesterday the total dividends for the year 1995 amounted to Rp 1.5 billion or 52 percent of the company's net profit of Rp 2.9 billion. Last year's profit was far lower than the Rp 4 billion gained in 1994.

Dutch firms cooperate in public works sector

Dutch firms cooperate in public works sector JAKARTA (JP): Several Dutch companies with interests in the transportation and public works sectors have clinched deals with local government offices and state-owned firms to conduct feasibility studies, consultancy services and joint venture operations. Representatives of the companies were among those who joined a visiting delegation of Dutch businessmen, led by Minister of Transport, Public Works and Water Management, Annemarie Jorritsma-Lebbink.

Bloody soccer game

Bloody soccer game BANJARNEGARA, Central Java: A friendly game of soccer between local youth groups turned into a nasty brawl which left two people seriously injured and two others in police custody on Sunday. Police chief Bambang Munarso of Banyumas regency told The Jakarta Post that the game at Krido Honggo field got off to a bad start when supporters started heckling one another.

Societal norms

Societal norms From Pikiran Rakyat I am an entrepreneur, married and have three children and live in Sumedang, West Java. I have eight foster children who are school dropouts. Six of the children are willing to return to school. The problem is the parents of the children do not cooperate or are simply ignorant, particularly if their child is a girl. These parents believe that their girls should not have formal education.

Japan Education Fair 1996

Japan Education Fair 1996 JAKARTA (JP): The Japan Education Fair will be held on July 2 and July 3 by the Association of International Education of Japan and the association of Japanese alumni. The Fair will run from 10 a.m. to 5 p.m. both days at the Puri Agung Sahid Jaya Hotel. The associations will receive support for the fair from the Indonesian Ministry of Education and Culture and the Embassy of Japan in Indonesia.

Police doing utmost to catch Tansil

Police doing utmost to catch Tansil JAKARTA (JP): National Police Chief Lt. Gen. Dibyo Widodo said yesterday that his force is doing all it can to recapture Eddy Tansil, the convicted businessman who escaped from a Jakarta prison last month. Dibyo told a Commission III hearing of the House of Representatives, responsible for legal affairs, that the police are also trying to trace the whereabouts of Tansil's wife and six children who fled the country at about the same time as he did.

Exporters to meet Int'l Wal-Mart

Exporters to meet Int'l Wal-Mart JAKARTA (JP): A delegation from the Wal-Mart International retail chain wants to meet Indonesian producers exporting to the U.S. before Saturday. The two-day "Wal-Mart and Indonesia Vendor Partner Meeting" will take place in the convention hall of the Jakarta Fair Grounds in Kemayoran, Central Jakarta. Bobby L. Martin, Wal-Mart's president, is leading the delegation. The retail chain aims to market Indonesian products in the U.S.

Boatpeople have to go home: Feisal

Boatpeople have to go home: Feisal JAKARTA (JP): Armed Forces Commander Gen. Feisal Tanjung reiterated yesterday that the 4,000 Indochinese boat people currently living on Galang Island in Riau will have to go home. "The time will come when they have to leave," he was quoted by Antara as saying yesterday.

Oxbridge alumni

Oxbridge alumni I note from "Your Letters" (The Jakarta Post, June 18, 1996) that Mr. James Richard attended Oxford University. The Oxford and Cambridge Society of Indonesia is keen to track down alumni of these universities and it would be very helpful to us if could publish this letter, in the hope that those eligible (including Mr. Richard) will write to me: C/O Jardine Matheson Ltd., World Trade Center, L-10, Jl. Jend. Sudirman Kav.29-31, Jakarta 12920. Fax: 5228983.

CGI debate loan commitment to Indonesia

CGI debate loan commitment to Indonesia JAKARTA (JP): The Consultative Group on Indonesia (CGI) began a two-day meeting in Paris yesterday to decide its loan commitment to Indonesia for the 1996/97 fiscal year. Indonesia is seeking at least US$5 billion in financial assistance from the World Bank-chaired donor group, or at least the same amount as that provided last year.

Retired police officer charged in land swindle

Retired police officer charged in land swindle JAKARTA (JP): A former police officer is being charged with swindling a businessman of Rp 502,205,000 in a 1992 land transaction. The prime suspect, identified only as TK, is a retired police officer of the National Police Headquarters. Three other suspects -- HM, ZZ and HK -- are being tried at a different hearing.

PSP to pay dividends

PSP to pay dividends JAKARTA (JP): The shareholders of a publicly-listed property company, PT Putra Surya Perkasa, approved yesterday the distribution of final dividends of Rp 100 (4 U.S. cents) per share, totaling Rp 99 billion. The company said it will use its retained earnings to pay the dividends because its net profit for 1995 was only Rp 56 billion, as compared to Rp 67 billion in 1994.

Rockers gather at Classic Rock

Rockers gather at Classic Rock JAKARTA (JP): The Classic Rock pub in Blok M will host a gathering of Indonesian rockers on Sunday evening. "There is no specific purpose. We are only providing a chance for them to meet, discuss, talk and perform again," Chandra Elias, the pub's manager told The Jakarta Post. The pub is the only bar in town specializing in the oldies-but-goodies of hard rock. The house musicians are all local. Chandra said the gathering is scheduled to start from 8 p.m.

Team sent to study religious violence

Team sent to study religious violence JAKARTA (JP): Minister of Religious Affairs Tarmizi Taher called on religious groups to exercise self restraint and make greater efforts to live peacefully. "Don't be provoked into any actions which may ruin the religious tolerance that we have been building," he said yesterday at a hearing of the House of Representatives' Commission IX on religious affairs.

Sorini Group produces sorbitol

Sorini Group produces sorbitol SURABAYA, East Java (JP): Two subsidiaries of the publicly- listed PT Sorini Corporation Indonesia -- PT Sorini Towa Berlian Corporation and PT Saritanam Pratama -- inaugurated their commercial production of sorbitol in a ceremony here. Sorini Towa Berlian has an annual production capacity of 38,000 tons of sorbitol liquid and 7,000 tons of sorbitol powder, while Saritanam Pratama's annual production capacity is 30,000 tons of cassava powder.

Prostitutes tested HIV positive

Prostitutes tested HIV positive KUPANG, East Nusa Tenggara: A health official revealed yesterday that six of the 500 prostitutes working in West Timor have been infected by Human Immunodeficiency Virus (HIV). Dr. Fen Olof Manik, in a meeting with some government agencies' officials in Kupang, called for concerted efforts to stop the virus spreading. Governor Herman Musakabe agreed that there should be a unified campaign, saying it should start with residents.

Tunky's effort on infected cotton hailed

Tunky's effort on infected cotton hailed JAKARTA (JP): Spinning companies grouped in the Indonesian Cotton Consumers Club (ICCC) hailed yesterday Industry and Trade Minister Tunky Ariwibowo's effort to have the issue of infected cotton fiber imported from the United States settled in a fair manner. "We appreciate and support Tunky's talks with U.S.

City revenue from parking less than expected

City revenue from parking less than expected JAKARTA (JP): The United Development Party (PPP) faction at the City Council has expressed regret that the city's revenue from parking is only approximately Rp 11 billion, Rp 5 billion less than expected. The party spokesman, Helmy AR Syihab, said in the general hearing on the 1995/1996 city budget bill yesterday that the parking agency is allocated more than Rp 10 billion for its operation.

Thai PM begins

Thai PM begins visit to Laos BANGKOK (AFP): Thai Prime Minister Banharn Silpa-archa yesterday led a 43-strong delegation on visits to neighboring countries Laos and Cambodia, officials said. The prime minister was paying a two-day visit to Laos focusing on economic ties between two Southeast Asian countries including sealing a deal to buy electricity from Laos. It is his first trip to Laos since assuming office after last July's general elections.