Indonesian Political, Business & Finance News

Archive: 27 June 1996

56 articles found

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.

Traditional franchise in Central Jakarta

Traditional franchise in Central Jakarta JAKARTA (JP): An Indonesian traditional food outlet, Tek Tek, opened at the Atrium Segitiga Senen shopping arcade yesterday. The phrase tek tek originated from the sound produced when traditional vendors struck a piece of metal against a pan used to cook fried rice (nasi goreng) and fried noodles (bakmi goreng) in order to attract customers as they traveled through neighborhoods with their food carts.

RI business mission to hold expo in Pakistan

RI business mission to hold expo in Pakistan JAKARTA (JP): The Indonesian Chamber of Commerce and Industry will send a trade and cultural mission to Pakistan and hold a product exhibition in Karachi between Sept. 12 and Sept. 16. "The mission and expo are aimed at improving bilateral trade relations as well as promoting Indonesian products and tourism to Pakistan, which is a gateway to South Asia," the executive chairman of the chamber's Middle East committee, Muchrim Hakim, said yesterday.

Govt to rejuvenate mangrove forests

Govt to rejuvenate mangrove forests JAKARTA (JP): The government aims to rejuvenate 150,000 hectares of mangrove forest by the end of the century to offset an annual decline of up to 1.1 percent, an official says. Director General of Reforestation and Land Rehabilitation Hendarsun Suryanda Sanusiputra said yesterday that rejuvenation efforts, which started in 1975, are expected to curb the destruction of mangrove forests.

Bank Indonesia to facilitate loan write-off

Bank Indonesia to facilitate loan write-off JAKARTA (JP): Bank Indonesia Governor J. Soedradjad Djiwandono said yesterday that the central bank is formulating a regulation to help banks write off their bad loans. Speaking at a hearing with the House of Representatives, Soedradjad said the move is part of the central bank's effort to solve problem loans in both state-owned and private banks.

TV today

TV today TVRI 2:30 p.m. Travel: My Country 2:35 TV Series: Family Matters 3:00 News: Lintasan Berita 3:05 Dance 3:30 Travel 4:00 News: Lintasan Berita 4:05 Science Film: Here Comes The Stars 4:30 Education: Dunia Mahasiswa 5:00 Evening News 5:30 Arabic Lessons 6:00 News: Lintasan Berita 6:05 Nusantara, The Beloved Country: East Timor 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 Hobbies 8:00 News: Lintasan...

Air Show free for Kamal residents

Air Show free for Kamal residents JAKARTA (JP): Residents of the Kamal subdistrict near the Soekarno-Hatta International Airport have been able to watch the ongoing International Air Show for free. "The residents of RW (neighbor units) 02,03,05,06 and 09 have been lucky. Since Sunday, the opening day of the event, they have been able to watch aircraft exhibitions just by standing near the fence separating Kamal from Soekarno Hatta airport," Kamal subdistrict head, Asnawi Ijo said yesterday.

Recording companies urged to pay royalties honestly

Recording companies urged to pay royalties honestly JAKARTA (JP): Local musicians yesterday urged the recording industry to be honest in paying royalties unless it wanted international companies to take over. "International music companies are here in Indonesia. If the local recording companies fail to apply the royalty system, the local musicians will sign up with them," said Samsudin Hardjakusuma, lead singer of the Bimbo band, on Tuesday.

City fears dengue cases' effect

City fears dengue cases' effect JAKARTA (JP): Deputy Governor for Social Welfare R.S. Museno said yesterday the city administration will continue to conceal the number of dengue fever victims because of the adverse affect such reports could have on tourism. Museno said the a policy set by the municipal public relations office is justifiable.

Korea-RI trade deal

Korea-RI trade deal SEOUL (Reuter): South Korea's defense ministry said it had signed a memorandum of understanding with the Indonesian government to trade military equipment. A ministry statement said that under the initial agreement reached in Jakarta, South Korea would purchase 10 CN-235 transport planes from Indonesia for its air force from 1997 to the early 2000s. Indonesia in turn would import about US$100 million worth of tanks and military trucks, from South Korea.

Get ready for the future, Soeharto tells scouts

Get ready for the future, Soeharto tells scouts JAKARTA (JP): President Soeharto told Indonesian scouts yesterday not only to master science and technology, but, above everything, to shape their character well. Opening the Indonesian scouts national jamboree at the Krida Bhakti Pramuka camping ground in Cibubur, East Jakarta, Soeharto said: "You should all study hard and master science and technology. But you should also realize that science and technology is not everything.

Dwarf buffalo face extinct

Dwarf buffalo face extinct PALU, Central Sulawesi: Tapir and dwarf buffalo, two of Sulawesi's native animals, are on the brink of extinction due to the rapid conversion of their habitats into development projects. Chief of the local office of conservation Suprapto H.P. said that poaching is also to blame for the dwindling population of dwarf buffalo. "There is no known best method to breed dwarf buffalo," he told Antara.

IFJ lashes out at RI over lack of press freedom

IFJ lashes out at RI over lack of press freedom JAKARTA (JP): President of the International Federation of Journalists, Jens Linde, said yesterday that sparse freedom of expression remains a major obstruction to Indonesian journalism. Linde said the government's control over mass media made it difficult for Indonesian journalists to stay independent.

Teacher to stand trial for rape

Teacher to stand trial for rape KUPANG, East Nusa Tenggara: A 35-year-old elementary school teacher will stand trial on charges of raping a 15-year-old student. Parents of the girl decided to bring the teacher, Matheus, to court after he broke his promise to give them an ox in "compensation" for the disgraceful act. Under local tradition, if a man rapes a woman he must marry her or give the victim's family an ox.

Competitive grade edge called engine of growth

Competitive grade edge called engine of growth JAKARTA (JP): Economists said at a seminar yesterday that modernization in the industrial and trade sectors is the key to the maintenance of the country's competitive edge before entering the era of globalization and liberalization. "And modernization can happen if it is supported by a transparent business environment, consistent government policies, fairness and equal treatment and a strong political commitment," the statement concluded.

41 banks fall short of lending limit requirement

41 banks fall short of lending limit requirement JAKARTA (JP): Bank Indonesia Governor J. Soedradjad Djiwandono said here yesterday that 41 of the country's 240 commercial banks were still unable to meet the legal lending limit requirement as of March this year. "This is far less than the 70 banks reported in October 1995," the central bank's governor told Commission VII of the House of Representatives (DPR) in a hearing.

Vendors

Vendors From Kompas Some time ago Jl. Paus, Rawamangun, East Jakarta, was broadened to two separate lanes. The Jakarta administration's decision to widen the road as the traffic congestion worsens is to be commended. However, situation on that particular road has not improved. Sidewalk vendors use tents to do their business causing a great nuisance among motorists. The number of tents increases at night. I hope authorities take necessary measures and punish the recalcitrant vendors.

Christians told not fear over accord

Christians told not fear over accord MANILA (AFP): The Philippines government yesterday moved to dispel the fears of the Christian majority in the southern Philippines over a peace settlement with Moro rebels. Manila and the Moro National Liberation Front (MNLF) have agreed that a Southern Philippines Council for Peace and Development, led by the MNLF, will oversee development programs in Mindanao and nearby areas that have been wracked by 24 years of sectarian strife.

Made in Indonesia

Made in Indonesia From Kompas It is no exaggeration to say that Indonesian-made products are in great demand in foreign countries. The biggest sellers are things like garments and sports equipment. The well-known sport shoes -- Nike, Reebok and LA Gear -- are all made in Indonesia. Although they are not high-tech, these shoes have promoted Indonesia abroad. I once visited an overseas mall and while idly looking around I was greeted kindly by a shop assistant who asked me if I was from Indonesia.

Vintage cars start Borneo tour

Vintage cars start Borneo tour JAKARTA (JP): Thirty nine vintage cars are currently on a Bornean tour. It started yesterday and will end on July 3. The journey, called "a tour across the nations of the Malayan ethnic group" by the organizer, the Indonesian Vintage Car Association, starts from Pontianak, the capital city of West Kalimantan. It runs across Malaysia's Sarawak and Brunei Darussalam before returning to Pontianak.

Koni rejects archers' Olympic departure date

Koni rejects archers' Olympic departure date JAKARTA (JP): The National Sports Council (KONI) has rejected a request from the Indonesian women's archery team to leave early for the Olympic Games, causing the coach disappointment.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on June 26, 1996: Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 825 0 0 AHAP Insurance 2,800 0 0 Alumindo Perkasa 650 -25 11,500 Andayani Megah 1,150 0 568,000 Aneka Kimia Raya 3,900 0 125,000 Anwar Sierad 2,075 75 224,000 Aqua Golden Mississippi 2,300 0 0 Argha Karya Prima Industry 3,100 0 0 Argo Pantes 1,975 0 0 Asahimas Flat 2,375 75 717,500 Asiana IMI Indusrties...

Oil prices jolt higher after Saudi bomb attack

Oil prices jolt higher after Saudi bomb attack LONDON (Reuter): Oil prices were jolted higher yesterday after a car bomb at a military complex in Saudi Arabia killed 18 Americans and triggered fresh concerns about the political stability of the world's leading oil exporting nation. London August futures for international benchmark North Sea Brent blend rose 15 cents to US$18.23 a barrel.

Our air show

Our air show It has long been a hallmark of aerospace that politics influences the industry as much as economics does. But the nine- day Indonesia Air Show which opened at Soekarno-Hatta airport last weekend reflects the increasing international recognition of Indonesia's growing role in the aerospace industry and Asia's greatly promising market for new commercial and military aircraft.

Police warn of AIDS-related crime

Police warn of AIDS-related crime JAKARTA (JP): National Police Spokesman Brig. Gen. Nurfaizi warned the public yesterday about people who transferred the HIV virus, which causes AIDS, among discotheque goers through syringe pricking. Nurfaizi was quoted by Antara as saying that police have identified discotheque visitors as the preferred targets of the criminals.

Rh blood needed

Rh blood needed An Indonesian lady who suffers from cancer of the lymph nodes desperately needs blood. Her blood type is O negative (O Rh). Her blood type is rare here and very hard to find among Indonesians. However, according to doctors, many Caucasians have this blood type. Through radio broadcasts and with the help of good-hearted people, at least eight persons have generously donated their blood to this poor lady.

RI woman to tempt Everest

RI woman to tempt Everest JAKARTA (JP): Female mountain climber Clara Sumarwati wants to carve herself a piece of history in August as the first Indonesian ever to reach the 8,848-meter summit of Mt. Everest. She has acquired financial support from Minister/State Secretary Moerdiono and the National Sports Council. She has obtained a permit from the China Mountaineering Association to attempt the North Face, which many believe is more demanding than the South Col route in Nepal.

RI gets $86.9m for road projects

RI gets $86.9m for road projects JAKARTA: Indonesia's road to modernization and economic development will hopefully be smoother thanks to a commitment of US$86.9 million by the World Bank last week. The loan will be used to develop infrastructure to relieve traffic congestion in major cities in Indonesia, the bank's office in Jakarta said yesterday.

Pertamina to shut refinery

Pertamina to shut refinery SINGAPORE (Reuter): Indonesia's state-owned oil company Pertamina will shut one of its two crude distillation units (CDU) at its biggest refinery complex at Cilacap in September, a refinery spokesman said yesterday. It will shut the bigger of the two units, which has a capacity of over 200,000 barrels per day (bpd) for about 30 days, he told Reuters by telephone. Trading sources in Singapore had said the refinery might be shut during end July or early August.

Language reflects power: Experts

Language reflects power: Experts JAKARTA (JP): The holders of power define everything in ways that place the less-powerful at a disadvantage, a scholar says. "The powerful elite determines the reigning ideologies," said communication expert Jalaluddin Rakhmat from Padjadjaran University in Bandung in the book titled Bahasa dan Kekuasaan (Language and Power) which was discussed here yesterday by prominent scholars.

KL to appeal ruling on Bakun

KL to appeal ruling on Bakun KUALA LUMPUR (AFP): Malaysia said yesterday it would launch a swift appeal to overturn a High Court ruling against a massive dam on Borneo island. Leo Moggie, Malaysia's Telecomunication, Posts and Energy Minister, told a news conference that the cabinet decided yesterday that the High Court last Wednesday had not invalidated the Bakun dam. He said the government had requested the attorney-general's chambers to file notice of appeal immediately.

Indonesian shuttlers ready for Atlanta Olympic Games

Indonesian shuttlers ready for Atlanta Olympic Games JAKARTA (JP): The double success in the Thomas Cup and Uber Cup badminton championships last month has put Indonesia's shuttlers in an upbeat mood about their chances at the Olympics Games in Atlanta next month. Badminton queen Susi Susanti, the ladies' singles defending champion, told visiting National Sports Council chairman Wismoyo Arismunandar yesterday that her ambition is to win another Olympic gold medal.

Tourism may become largest forex earner

Tourism may become largest forex earner JAKARTA (JP): The government predicts that the tourist industry will be the country's largest foreign exchange earner by the end of the Sixth Five Year Development Plan period in 1999, five years ahead of the previous prediction.

Edi Sudradjat urges PDI rivals to unite

Edi Sudradjat urges PDI rivals to unite JAKARTA (JP): Minister of Defense and Security Gen. (ret.) Edi Sudradjat appealed to the bickering factions of the Indonesian Democratic Party (PDI) to unite for the good of the nation and the party. "If there are two camps claiming the party's leadership, they should meet. They are part of the same family after all," Edi told reporters after a hearing of the House of Representatives' Commission I on security.

Newsprint price to reach year law

Newsprint price to reach year law JAKARTA (JP): Producers and consumers of newsprint have agreed to lower the price of paper by 12.4 percent, from Rp 1,774 (75 U.S. cents) to Rp 1,554 per kilogram, from July until September this year. "The agreement was reached at a meeting of the association of of newspaper publishers, the association of Indonesian pulp and paper producers (APKI) and three newsprint producers here on Tuesday night," APKI's chairman, M.

Indonesians only

Indonesians only I am writing to express a feeling I believe many Indonesians share. I am an Indonesian who has spent 20 years abroad. I came back to Indonesia seven years ago with a bit of cultural shock, but undeniable joy in returning to my homeland. I am proud of being an Indonesian and have never been ashamed of saying I am an Indonesian wherever I have been. Until today. I am sorry to let you know that the following incident embarrassed me because of my nationality.

Lippo Life's right issue

Lippo Life's right issue JAKARTA (JP): The publicly listed Lippo Life will issue one- for-one share rights to strengthen its capital structure, the company announced here yesterday. Lippo Life said in a statement here that shareholders with one share are eligible to buy a new share at a 40 percent discount or Rp 1,450 (62 U.S. cents). This issue of share rights will increase the total number of shares by 100 percent, or 385 million, and boost the company's total equity to Rp 450 billion. (hen)

Missing mail

Missing mail From Kompas I was informed that a packet was sent airmail from The Hague, Holland on March 23, 1996. It still has not arrived. I hope the post office will explain the matter. Could it have gone to the wrong address? It was actually registered, so it is unlikely the package went to the wrong address. Some letters have also gone missing. The Post Office should do something to retain its good image. ESTI R. Bogor, West Java

Reduced-impact logging technique developed

Reduced-impact logging technique developed JAKARTA (JP): A reduced-impact logging technique is currently being developed to limit the damage caused by incorrect logging practices, an official says. Head of the Ministry of Forestry's Research and Development Agency, Toga Silitonga, said here yesterday that the technique, which aims to minimize logging waste and environmental destruction, is being developed by the agency in collaboration with CIRAD-Foret of France.

Guarding Indonesian

Guarding Indonesian I received from one of your readers, a Filipino friend living in Cilegon, West Java, a recent clipping of the "Your Letters" column. With pleasure I read there a translated extract of my letter to the Gatra weekly magazine on the irresponsible habit of certain Indonesians to mix Indonesian with unnecessary "Indonesianized" English words. Irresponsible because these words do not enrich the national language in terms of new meaning or new thoughts.

Canned satire on display in RP capital

Canned satire on display in RP capital By Angie Ramos MANILA (Reuter): It is the most unusual supermarket in the Philippines. The Imelda Marcos brand of condensed milk, made by the National Amnesia Corp., lies near a stack of beer cans whose label says they are filled with the best of Filipina domestic helpers. There is also McCoy brand canned meat enriched with "bribes, commissions, and kickbacks" bearing the image of no less than the former president Ferdinand Marcos.

Where to go in Bandung:

Where to go in Bandung: Music and entertainment * Chedi Hotel: Jl. Rancabentang 56-58: Job (Piano), Monday to Wednesday, 5:30 p.m. to 8 p.m.; Irven (Guitar), Monday to Wednesday, 8:30 p.m. to 11 p.m.; Mixed voices Accapela singer and Andi (Pianist), Thursday and Saturday, 8:30 p.m. to 11:30 p.m.; Andi (Piano), Friday and Sunday, 5:30 p.m. to 8 p.m.; Imelda (Piano), Friday, 8:30 p.m. to 11 p.m.; Juli (Piano), 5 p.m. to 10:30 p.m. * International Imperium Hotel: Jl. Dr. Rum No.

Soldiers arrested for teak wood theft

Soldiers arrested for teak wood theft SURABAYA: Two members of the Armed Forces have been arrested on charges of involvement in teak wood theft in the forests of Madiun, about 170 kilometers west of here, last week. "We have handed the suspects to the military police for further investigation," Madiun police chief Col. Posma Lumban Tobing was quoted by Antara as saying.

Govt wary of people seeking political change

Govt wary of people seeking political change JAKARTA (JP): The government is on guard against people who take to the street and seek to overhaul the political system, a senior cabinet minister said yesterday. Minister of Defense and Security, Edi Sudradjat, reiterated that the government's policy is to tolerate demonstrations as long as they are peaceful and "not used by a third interest group".

Dutch couple robbed in Kemang

Dutch couple robbed in Kemang JAKARTA (JP): A Dutchman was attacked while attempting to defend his wife from two unidentified men yesterday on Jl. Kemang, South Jakarta. The men made off with his wife's bag containing Rp 2 million (US$851.06) in cash and jewelry worth Rp 2 million. A police officer at the Mampang Police subprecinct said the Dutchman, Herry van Soest, was stabbed with a sword in the head while trying to defend his wife.

Thailand, Indonesia seen buying soybeans

Thailand, Indonesia seen buying soybeans SINGAPORE (Reuter): Thailand and Indonesia are close to clinching a deal to buy 63,000 tons of soybeans from South America or India, Singapore traders said yesterday. But two-month old reports that China will export 1.0 to 1.5 million tons of corn was written off by dealers here and the grain market here is now focusing on demand for the last quarter from countries in the region, the traders said.

Two Men arrested for four robberies

Two Men arrested for four robberies JAKARTA (JP): Two men have been arrested for their alleged involvement in at least four recent armed robberies in Central Jakarta, with police seizing a pistol, a rifle with 24 bullets and sharp weapons. Police also nabbed two other accomplishes who purchased the stolen goods from the robbers, City Police Spokesman Lt. Col. Iman Haryatna said yesterday. "Police are still hunting another gang member, identified as Bardi," the officer said.

Deposit counter not safe

Deposit counter not safe From Republika On the afternoon of June 15, 1996, my mother and sister went shopping at Matahari, Cipulir Plaza in South Jakarta. Earlier they had bought some oranges wrapped in black plastic. The purchase was deposited at the supermarket's deposit counter. After she had finished shopping my mother collected the deposited goods, but to her surprise the plastic cover was open and there was a big hole in the side.

N. Jakarta anglers support operations against trawlers

N. Jakarta anglers support operations against trawlers JAKARTA (JP): Muara Angke fishermen in North Jakarta have urged that operations against trawlers be stepped up, but suspect certain officers of tipping off trawler owners. "Every time a patrol is conducted the trawlers disappear," their leader, Tri Sukmono, told The Jakarta Post during an exhibition of fishery and agricultural products in Pasar Minggu, South Jakarta. He said it is difficult to prove which officers are corrupt.

'Angkot' drivers still being extorted

'Angkot' drivers still being extorted TANGERANG, West Java (JP): Drivers of angkot (public minivans) are upset about three men exhorting money from them on Jl. Palam Raya in Tangerang. Driver Darwanto told The Jakarta Post yesterday that every driver passing down the street is forced to pay Rp 1,000 to the extortionists. He said the three hoods freak out if a driver refuses to pay. "One of us was once involved in a fight with the collectors," Darwanto said.

Diplomat says diplomacy is everybody's business

Diplomat says diplomacy is everybody's business DEPOK, West Java (JP): Senior diplomat Soendaroe Rachmat called on experts yesterday to examine Indonesia's foreign policies and suggest improvements, so that the country could answer its critics abroad. "Diplomacy is much too important a business to be left to the Ministry of Foreign Affairs alone," he said during a seminar on Indonesian foreign policy at the University of Indonesia which opened here yesterday.

PDI future lies in battle of wills

PDI future lies in battle of wills The Indonesian Democratic Party, an amalgam of Christian and nationalist elements, now has two leaders. Political scientist Ramlan Surbakti argues that developments in the days to come will help shape the fate of the party. SURABAYA (JP): The government-backed congress of the Indonesian Democratic Party (PDI) in Medan recently went so smoothly it seemed to beat the 1993 ruling Golkar conference.

Investors sought to produce IPTN N-250 and N-270

Investors sought to produce IPTN N-250 and N-270 JAKARTA (JP): American Regional Aircraft Industry Inc. (Amrai), a joint venture between PT Industri Pesawat Terbang Nusantara (IPTN) and General Electric of the United States, is seeking investors to produce the N-250 and N-270 aircraft. "We're offering 50 percent of the stake in this company to other investors," Louis F. Harrington, the president of Amrai told The Jakarta Post yesterday.

Late Paper

Late Paper Due to problems with our printer, our readers in West Java and in parts of Central Java received The Jakarta Post late yesterday. We regret the inconvenience. -- Publisher

ABRI and students relations dominated by distrust

ABRI and students relations dominated by distrust SURABAYA (JP): The relationship between the military and students is currently marked by distrust and animosity. This situation is caused by the sluggish democratization, a discussion entitled "The Military, Students and the Problems of Democracy" concluded. In the early years of the New Order administration, in the mid-1960s, the Armed Forces (ABRI) and students had a good relationship.

Canadian painter to exhibit works

Canadian painter to exhibit works JAKARTA (JP): Canadian painter Joshua Howard will exhibit his work at Hazara restaurant in Jl. Wahid Hasyim, Central Jakarta. The two-month long exhibition, Sunlight and Gas Lanterns, opens today. "When something or someone ordinary is taken out of context, the result can be extraordinary.