Indonesian Political, Business & Finance News

Archive: 3 June 1996

48 articles found

TV today

TV today TVRI 2:30 p.m. Travel: My Country 2:35 TV Series: Saber Rider and The Star Sheriff 3:05 Children Program: Anak Anak Indonesia 3:30 TV Series: Major Dad 4:00 News: Lintasan Berita 4:05 Science: Animal Odyssey 4:30 Quiz: Cepat Tepat 5:00 Regional News 5:30 Family: Kesejahteraan Keluarga 6:05 Nusantara, the Beloved Country: East Timor 6:15 Village Program 6:30 Nationality: HANKAMNAS 7:00 Evening News 7:25 Garuda Pancasila/Filler/Trailer 7:30 TV Drama: Keluarga Selamat 8:05 Variety...

JSX still looks for new direction: Analysts

JSX still looks for new direction: Analysts JAKARTA (JP): Several analysts have predicted that the Jakarta Stock Exchange (JSX) is still looking for new direction this week, while an academician noted that the capital market would not gain fundamental support this year as a result of the country's tight money condition.

Sampoerna gets $150m loan

Sampoerna gets $150m loan JAKARTA (JP): Publicly-listed H.M. Sampoerna has successfully raised US$150 million in a term loan and revolving credit facility from a group of 19 international banks and financial institutions. The company announced over the weekend that the loan facility would be used to refinance the company's existing loans and to finance the general working capital needs of the company and its subsidiaries.

Youthful consumerism

Youthful consumerism From Neraca Consumerism in major cities of Indonesia has reached a degree of prime concern, even though it reflects, on the surface, economic growth. Higher incomes also inflate the general public's buying power. Consumers are lured into buying an assortment of products. They seem to be riding the high crest of consumer demands. If consumerism is left unchecked like this it will certainly come to no good, particularly where teenagers are concerned.

Bukaka secures $60m loan

Bukaka secures $60m loan HONG KONG (Reuter): Indonesian engineering firm PT Bukaka Teknik Utama has mandated London Forfaiting Asia Pacific to arrange a US$60 million three-year transferable loan certificates facility, the arranger said. Other details, including terms and pricing, were not available. Two other banks will join as arrangers, London Forfaiting said. General syndication is expected at the end of next week.

PTP Agrintara refuses govt audit

PTP Agrintara refuses govt audit JAKARTA (JP): The Government Audit Agency (BPKP) has notified Coordinating Minister for Economics and Finance Saleh Afiff and Finance Minister Mar'ie Muhammad that state-owned PTP Agrintara refuses to have its financial reports checked by government auditors.

Bali gets tough

Bali gets tough DENPASAR, Bali: Local police chief Maj. Gen. Benyamin LS Mamuaya yesterday ordered tighter supervision of public establishments in a bid to combat drug abuse. Like several major cities in Indonesia, the tourist island has become a haven for dealers of Ecstasy, Benyamin said when installing the new Badung police precinct chief Lt. Col. I Wayan Wesma.

New numbers for service

New numbers for service JAKARTA (JP): The East Jakarta office of state-owned telecommunications company Telkom will be opening three special lines as an extension of their services. A survey of the utilization of the existing four lines, which primarily deal with customer complaints of telephone interference, indicated that customers need more avenues and assistance with problems encountered with their telephones.

More organizations back Soeharto's re-election

More organizations back Soeharto's re-election JAKARTA (JP): Over 10,000 Christians in Bali and a Moslem organization affiliated with the ruling Golkar organization proclaimed support Saturday for the re-election of President Soeharto in 1998. They said that President Soeharto, who has been in power for almost 30 years, is still needed to ensure a stable government and continuation of development.

Message from the ambassador

Message from the ambassador On this day, which marks the Anniversary of the birth of the Republic of Italy after the destruction caused by World War II, our thoughts are addressed to the Republic of Indonesia and to all Indonesians who, under the wise guidance of H.E. President Soeharto, have constructed this country and the impressive progress it has achieved so far in its economy, in its social development and in its culture.

Lecture on economic reform

Lecture on economic reform JAKARTA (JP): The Panglaykim Foundation is slated to hold a one-day lecture on economics on June 18. Prof. Jeffrey Sachs of Harvard University will present a lecture on the topic of Economic Reform and the Process of Global Integration at the Center for Strategic and International Studies, Jl. Tanah Abang III/23-27, Central Jakarta. The lecture, sponsored by Bank SBU, is scheduled to take place from 4 p.m. to 6:30 p.m. Prof.

Tourist attractions around Jakarta

Tourist attractions around Jakarta From Merdeka As the capital city of Indonesia, Jakarta should be more capable of offering tourist attractions than other region. Besides historical museums, Jakarta also has a number of modern and traditional shopping centers, not to mention its waterside recreation spots and other recreation centers. Jakarta should handle its tourism program in specific ways according to its distinctive potential.

2,500 houses to be pulled down

2,500 houses to be pulled down JAKARTA (JP): The North Jakarta mayoralty will soon demolish 2,500 shanties built by squatters on Jl. Cakung, Cilincing district. Mayor Suprawito said yesterday that the mayoralty is offering Rp 50,000 (US$21.50) per square meter in compensation to each family that willingly quits the area. "The mayoralty will build warehouses on the 14-hectare plot. The owners of the land have agreed to the plan," Suprawito said over the weekend.

Jakarta predicted 5th most populous world city by 2015

Jakarta predicted 5th most populous world city by 2015 By T. Sima Gunawan ISTANBUL, Turkey (JP): The United Nations predicts that Jakarta, today home to more than nine million people, will be the fifth most populous city in the world by 2015, with a population of 21.2 million. Tokyo, Japan will top the list with 28.7 million people, followed by Bombay, India (27.4 million), Lagos, Nigeria (24.4 million) and Shanghai, China (23.4 million).

Observers label broadcasting bill burdensome

Observers label broadcasting bill burdensome JAKARTA (JP): An expert on mass communication branded the broadcasting bill currently being deliberated by the House of Representatives as too great a burden on private television stations. M. Budyatna, dean of the University of Indonesia's School of Social and Political Sciences, told a discussion at the Institute for Studies on the Free Flow of Information that the bill sets too many tasks for broadcasters, especially television stations.

Indonesia gains better image in 1996

Indonesia gains better image in 1996 BERLIN (AFP): Nigeria, followed by Pakistan and Kenya, are perceived by businessmen as the world's most corrupt countries, Transparency International (TI), a Berlin-based body devoted to fighting corruption said yesterday. Indonesia, which in the 1995 TI index was listed as the most corrupt country, gained a better image as the 1996 index listed it among the group of second most corrupt countries.

Paiton II power project underway

Paiton II power project underway JAKARTA (JP): PT Jawa Power, a consortium of Bimantara Citra, Siemens AG of Germany and PowerGen of Britain, has started the construction of the Paiton II coal-fired steam power plant in Probolinggo, East Java. "The Paiton II power plant, which will cost US$1.7 billion, will have a generation capacity of 1,220 megawatts (MW)," Jawa Power's president, Gerald H.

Sanger, Hermawan win off-road race

Sanger, Hermawan win off-road race JAKARTA (JP): James Sanger and Kukuh Hermawan of the Indograha Racing Team won the first leg of the Speed Off-Road National Championships in Cikarang, West Java yesterday. James and Kukuh, who drove a modified Suzuki Jimny, led the championships from the start on Saturday. The completed yesterday's third special stage in 14 minutes and 14 seconds. The closest tandem, Agus Budiman and Aji Aviantara of the Tranka team, came second with a time of 14:18.

Taxi driver killed on Bekasi toll road

Taxi driver killed on Bekasi toll road JAKARTA (JP): A taxi driver was stabbed to death by two passengers on Bekasi Timur toll road on Saturday. A police officer at the Bekasi Police precinct said the motive for the murder was unknown. However, he speculated that Dede Kuswara knew his attackers and a grudge was behind the killing. Dede was a driver for taxi company PT Centris Wahana. The victim's wallet which contained money and personal documents was not stolen.

One minute parking

One minute parking From Neraca Recently I parked my car at the Senen shopping center parking lot. After I finished shopping I hurried to go home. I was surprised when the parking attendant charged me Rp 1,500. I know they charge Rp 1,000 an hour and since I parked one hour plus one minute I inquired why I should pay that much. They said that even one minute counted. I wonder why the parking regulations are different one place from the next. R. DHANIEL Bekasi, West Java

Demand for OPEC oil expected to reach 25.56m bpd

Demand for OPEC oil expected to reach 25.56m bpd VIENNA (Reuter): OPEC's Economic Commission Board (ECB) of technical experts sees 1996 demand for OPEC oil at between 25 million and 25.56 million barrels per day (bpd), an OPEC delegate said on Saturday. The ECB came to its conclusion after a long and "contentious" four-day meeting, during which delegates were divided on the demand picture, the source said.

Northwest to serve Jakarta

Northwest to serve Jakarta JAKARTA (JP): Northwest Airlines plans to start operating a service between Jakarta and Seattle in the United States in July, to become the only U.S. carrier serving the route. The company said in a statement over the weekend that the proposed service, which is still subject to final government approval, will operate three times weekly -- on Mondays, Wednesdays and Fridays.

On expatriates

On expatriates I infer our "mystery writer" is Ms. Sylvia Gill. I will gladly answer her letters. Expatriates are not nomads running away from recessions. They are subject to the law of supply and demand. It is a small floating population covering gaps here and there. For example: If there is a demand for skilled workers abroad, Indonesians will go out as expatriates to fill it.

Govt to install more telephone lines by 1999

Govt to install more telephone lines by 1999 CIMAHI, West Java (JP): The government plans to add at least 1.5 million telephone lines to the five million targeted to be installed during the ongoing Sixth Five-Year Development Plan (Repelita VI) which ends in March 1999. Both Director General of Post and Telecommunications Djakaria Purawidjaja and the president of the state-owned domestic telecommunications provider PT Telekomunikasi Indonesia (Telkom), Asman A.

Cement firm signs $150m rate notes

Cement firm signs $150m rate notes JAKARTA (JP): Publicly listed Semen Cibinong on Friday signed a US$150 million floating rate note facility to partly finance its cement expansion project. The company announced on Saturday that the debt facility, arranged by Bankers Trust International, carries a put option available to noteholders after five years.

No votes lost

No votes lost The tentative voters list for next year's general election has been announced at subdistrict offices and other strategic locations. As has been reported, in a number of regions many citizens who are eligible to vote have not been registered for a number of reasons. These range from errors in procedure, as was admitted by the Armed Forces' chief of sociopolitical affairs Lt. Gen. Syarwan Hamid, miscommunication, absence of those to be registered, or "other reasons".

Asia's competitiveness highlighted

Asia's competitiveness highlighted PARIS (AFP): Low labor costs and the relocation of industrial activities are two controversial subjects indirectly highlighted by a report on competitivity which put Singapore and Hong Kong at the top of world rankings last week. At first sight the high score by many countries in southeast Asia bears out the advantages of low expenditure by the public sector and of low labor costs.

Junior Feby stuns veteran tennis star

Junior Feby stuns veteran tennis star JAKARTA (JP): Junior tennis player Feby Widhiyanto turned heads during the national selection tournament yesterday when he beat veteran Tjahyono in their Group D encounter. Playing on his favorite clay surface, Feby kept former national player Tjahyono running to score a come-from-behind 6-7 (7-9), 6-3, 6-4 win. Feby, 16, after one win and a loss, is now placed second in the group behind Andrian Raturandang.

Police to tighten net over gamblers

Police to tighten net over gamblers PALU, Central Sulawesi: The provincial administration is keeping an eye for a number of employees alleged to have been frequenting gambling parlors, Antara reported yesterday. Spokesman Datlin Tamalagi said here yesterday the administration is seeking for evidence of the allegation, in line with the instruction of Governor Bandjela Paliudju to ban gambling in the province. Chief of the provincial police Col. R. A. Hidayat S.

ASEAN asked to be braver about rights

ASEAN asked to be braver about rights JAKARTA (JP): A senior political scientist is calling on the Association of Southeast Asian Nations (ASEAN) not to turn a blind eye to human rights issues, even when they occur in neighboring countries like Myanmar. Political scientist J. Soedjati Djiwandono said ASEAN "should be braver" in tackling human rights issues. "Why don't we ask them to talk openly about this, rather than talking behind their backs instead," he told The Jakarta Post.

Expert slams superschools for teaching too much

Expert slams superschools for teaching too much JAKARTA (JP): Respected education expert Conny R. Semiawan said Saturday most superschools in Indonesia have no clear educational concepts. Connie, a professor on education at Jakarta Teachers' Training College (IKIP), said the burgeoning of super senior high schools develops no clear-cut concepts. She said superschools should not just be schools which teach more subjects than the state curriculum has set and offer luxurious facilities to students.

Worker's complaint

Worker's complaint An Indonesian female worker who works as a maid in Hong Kong wrote us a letter complaining about the levies collected by the recruitment representative there. * The cost for processing a new contract after the termination of the previous one is HK$4,000 (US$525). This is known by the Indonesian Consulate General in Hong Kong. While the Hong Kong government stipulated that the agent has the right to receive HK$375 as a recruitment cost from the worker (i.e.

Def Leppard fails to attract local fans

Def Leppard fails to attract local fans By Thalia Kamarga JAKARTA (JP): A measly 5,000 hard-rock fans gathered at the former Ancol Circuit in North Jakarta on Saturday night for the concert of English rock band Def Leppard. The 21-song concert, held to promote the band's recently released Slang album, fell well short of its 50,000 attendance goal. The 3,500 policemen, five physicians, 60 paramedics, an on- site hospital and an ambulance prepared by the organizers, overwhelmed the small audience.

Photo display at 'Antara' Gallery

Photo display at 'Antara' Gallery JAKARTA (JP): "Big Step, Small Step," a display of photographs by Gundula Schulze, will be held at the Antara Journalistic Photography Gallery starting tomorrow through June 14. Gundula Schulze, a German photographer, is presenting his collection of black-and-white pictures taken between 1984 and 1990 at places such as theaters, beauty contests and dances.

Jakartan dialect

Jakartan dialect From Kompas In relation to the observance of National Education Day, I greatly appreciate the appeal of the Ministers of Education and Culture, and Information that Bahasa Indonesia should be more widely taught through the media, especially television. Our national language is still dominated by the Jakartan (Betawi) dialect, which has spread to North Sumatra and Riau. These provinces are regarded as where Bahasa Indonesia originated.

Regent and residents to talk on demolition

Regent and residents to talk on demolition TANGERANG (JP): The regency has agreed to conduct talks with local residents on the planned demolition of 697 homes in the fishing village of Muara Dadap in the Kosambi district, a legislator said. After a meeting of regency officials, legislators of the Golkar faction and community members, speaker Budi Haryanto said the regency has agreed to "fair and honest consultations" to settle the dispute.

Beauty queen

Beauty queen From Jayakarta President Soeharto has warned that Indonesia should not take part in the Miss Universe beauty contest. This was stressed following a widespread debate on the issue. Today most social leaders are only capable of dealing with light matters, such as a beauty contest which only concerns one Indonesian person. Why don't we think of more substantial matters like the fate of thousands of Indonesian workers working in foreign countries?

Don't get close to this jail

Don't get close to this jail SEMARANG, Central Java: Tourists visiting Nusakambangan island are not allowed to get too close to the notorious jail housing hardcore criminals. Chief of Central Java tourism office Sri Soebagjo said here Saturday that this precaution was taken to prevent "anything untoward" happening. The provincial government will open Nusakambangan Island to tourists soon. Soebagjo said tourists will come in groups and be accompanied by guides who have a license, Antara reported.

Next president should be 'young civilian': Soemitro

Next president should be 'young civilian': Soemitro JAKARTA (JP): Gen. (ret.) Soemitro, a former chief of the defunct internal security agency, wants to see Indonesia have a new "young civilian" president in 1998. Speaking on Saturday at a seminar on the military's role in national politics, Soemitro said that it was high time the 1945 generation quit politics and made way for the younger generation.

HongkongBank case discussed at arbitration body

HongkongBank case discussed at arbitration body JAKARTA (JP): The central board of the arbitration committee, which is attempting to resolve the ongoing dispute between the management and union of HongkongBank, finally reached an agreement yesterday. It was agreed to discuss the management's request to dismiss 200 employees, Yunus Samad, the chairman of the committee told reporters.

The fuel price debate

The fuel price debate The World Bank's suggestion to the Indonesian government to increase domestic fuel prices is only one of the fiscal tightening measures it recommended recently to reduce aggregate demand and the risk of economic overheating. But given the central role of fuel in all economic activities and since any rise in fuel prices has an immediate and direct impact on the whole population, the suggestion has naturally incited a most heated debate.

Tortelli extends motocross lead

Tortelli extends motocross lead JP/afs JAKARTA (JP): France's Sebastian Tortelli (left photo) sped his way to his fifth straight world championship title when he won the Indonesian Motocross in Yogyakarta yesterday. The 21-year-old Italian made up for a first-heat defeat to compatriot Frederic Vialle with a convincing win in the second to collect a massive 37 points. Vialle managed only second place overall, trailing just four points, after finishing third in the second heat.

Is RI ready for teleworking?

Is RI ready for teleworking? JAKARTA (JP): Western countries, such as the United States and most of western Europe, are now shifting to a new concept of the flextime work schedule: telecommuting, or teleworking, a word coined by management consultant Dr. David Chaudron. Flextime is short for flexible work hours. This concept of flextime allows employees some discretion over when they arrive and leave work.

Dengue fever kills 13 in Jambi

Dengue fever kills 13 in Jambi JAMBI, Jambi: Dengue fever has claimed 13 lives between January and May this year, an official said on Saturday. Jambi mayor H.M. Sabki said that over the period, the disease affected a total of 260 people. The mayoralty had the most dengue fever cases throughout the province between 1990 and 1994. It reported 50 cases a year during that period, the mayor said. "The most cases were reported in Januaries and Decembers," he was quoted by the Antara news agency.

CD-ROM for the road plays music and MPEG movies too

CD-ROM for the road plays music and MPEG movies too By Zatni Arbi JAKARTA (JP): What is the equivalent of using a personal computer without a CD-ROM drive nowadays? Probably the same as having a car without a spare tire. You still can drive it, but if a disaster strikes, you'll start cursing. And, as Murphy's law says, if anything can go wrong, it will. If you don't have a spare tire, you will have to get help if you get a puncture.

PT Lamtoro Gung will upgrade Solo airport

PT Lamtoro Gung will upgrade Solo airport JAKARTA (JP): PT Citra Lamtoro Gung Persada has been appointed to take part in a project to upgrade Adisumarmo airport in Solo (Surakarta), Central Java, to an international terminal, and to get involved in the running of the facility. Project officer Darma Tyanto Saptodewo of Lamtoro Gung said here over the weekend that the project would be carried out in several phases, with the first one already underway.

Pancasila principles neglected

Pancasila principles neglected JAKARTA (JP): Indonesia has not fully implemented Pancasila, 50 years after the state ideology was formulated, former home affairs minister Gen. (ret.) Rudini said on Saturday. This is despite elaborate attempts to understand and conceptualize the ideology, Rudini told a seminar organized by a youth organization to mark the "birth" of Pancasila. "Our nation can be really strong if we truly live up to, and implement, Pancasila.

More trading, less lending: The future of banking

More trading, less lending: The future of banking By Riyadi JAKARTA (JP): Old and new: traditional and modern banks. This was the theme of a seminar held here on Friday. The old banks rely on loan-deposit businesses, while new banks rely on trading businesses, said Heinz Riehl, former vice president of Citibank New York. Although both kinds of banks are intermediates between those who need money and those who have money, the ways they intermediate are different.