Indonesian Political, Business & Finance News

Archive: 5 June 1996

58 articles found

Bhuwanatala divests shares

Bhuwanatala divests shares JAKARTA (JP): PT Bhuwanatala Indah Permai, the owner of Bandung Indah Plaza shopping center in Bandung, West Java, announced yesterday that it has sold its shares in Seaunion Holdings Ltd. of Hong Kong on May 29. The company said that all its stake in Seaunion, which reached 17.5 percent representing 521 million shares, were sold out, raising capital gains of approximately HK$5.7 million.

Indonesian archers miss overseas tryout

Indonesian archers miss overseas tryout JAKARTA (JP): The Indonesian women's archery team will miss its last chance for an overseas tryout in Slovenia, its final tune-up prior to the Olympic Games. National Olympic team project officer Subardi Suar told The Jakarta Post and the RCTI TV station yesterday that the organizers of the 25th Outdoor Target Archery Championships in Kranjskagora, Slovenia ruled out any participation of countries outside Europe and the Mediterranian.

Blast at home of beheaded man

Blast at home of beheaded man ZAMBOANGA, Philippines (AFP): A hand grenade exploded at the home of a man whose son had been beheaded by extremists, and the fundamentalist Abu Sayyaf group is also suspected in the grenade attack, police said here yesterday. No one was injured in the blast that occurred late Sunday at the home of Regalado Salvacion in nearby Lantawan town.

Spotlight

Spotlight Photo A: Noodle JP/alx NOODLE FRANCHISE: Minister of Food Ibrahim Hasan (left) eating Mie Tek-Tek fried noodles at the opening of a Mie Tek-Tek restaurant in Slipi Jaya shopping center, West Jakarta, last month. The Mie Tek-Tek franchise is owned by Yenny Widjaja (center) and her husband Sukyatno Nugroho (right), who owns the Es Teller 787 franchise. So far 12 people have signed up for Mie Tek-Tek licenses.

RP's Subic Bay gears up for APEC summit

RP's Subic Bay gears up for APEC summit SUBIC BAY, Philippines (AFP): The summit of the Asia Pacific Economic Cooperation (APEC) forum set for Nov. 25 is shaping up as a logistical nightmare, with senior officials facing the prospect of being put up in former military barracks here. With security being an overriding concern, the Philippines picked the former repair and supply yard of the U.S. 7th fleet as the summit venue, bypassing the more conventional choice of Manila.

British bank opens here

British bank opens here JAKARTA (JP): Westmerchant Bank of Britain has opened a branch office here, hoping to expand its services in financing infrastructure projects and export activities in Indonesia. "Our main business in Indonesia will be to finance infrastructure projects and export activities," Westmerchant Bank's chief executive officer, Patrick Macdougall, told the media here yesterday.

Asian crude prices inch higher before OPEC meet

Asian crude prices inch higher before OPEC meet SINGAPORE (Agencies): Crude oil prices in Asia inched higher from late New York yesterday with all attention fixed on OPEC's ministerial meeting starting today, traders said. Prompt crude price on NYMEX after hours trading system ACCESS was at US$19.98 per barrel, up 13 U.S. cents from New York. Cash July Brent was nationally pegged at $17.95/18.05, up 10 cents from morning levels.

Indonesia's formal culture is trapped in cul de sac

Indonesia's formal culture is trapped in cul de sac By Mochtar Buchori JAKARTA (JP): Kompas daily carried a rather theatrical statement of Abdurrachman Wahid, known as Gus Dur, in its May 31 edition. It quoted him as saying that our culture is already dead, buried in its fervent desire to serve the interest of the existing institutions of power. As a result, we have developed a culture of violence. This is, in the opinion of Gus Dur, terribly wrong.

PT AGM: Pioneer in bottled water

PT AGM: Pioneer in bottled water It's a typical Indonesian day. The scorching sun burns your head. The air is humid and stuffy and you are perspiring as if you'd been jogging for one hour. Every time you inhale, you feel the dust particles in the air entering your nose, making your throat drier than ever. What comes to mind? Without a doubt, you would be craving for cold, bottled drinking water to quench your thirst and sooth your throat. Why bottled drinking water? you ask.

Pudjiadi to split stocks

Pudjiadi to split stocks JAKARTA (JP): Publicly-listed PT Pudjiadi & Sons, the owner of Jayakarta Hotel in Central Jakarta, said that it will split its stocks by halving their nominal value to Rp 500 (21 U.S. cents). The company also said that in their annual meeting yesterday, its shareholders approved a proposed final dividend of Rp 45 per share for the year 1995.

Natural rubber prices likely to remain volatile

Natural rubber prices likely to remain volatile SINGAPORE (Reuter): Natural rubber prices are likely to remain volatile as tight supplies, falling stocks, weather disruptions and unpredictable buying by China haunts the market, an official of U.S. trader Cargill said yesterday.

'Sturm und Drang'

'Sturm und Drang' Thirteen years, four months and 21 days ago, a retired "man from the Foreign Affairs Ministry" (NIP 020000311) died in Jakarta and was buried in Tanah Kusir the same day. This was Prof. Dr. Yusuf Ismail. He collected his pension for the last time in December 1982. On the yellow card he wrote down my name, as his wife. I had a residence permit, my blue book as ID as a foreign resident, and paid tax as required by your laws.

4.3 million cars will jam Jakarta streets by 2010

4.3 million cars will jam Jakarta streets by 2010 JAKARTA (JP): Almost 4.3 million vehicles will be jamming Jakarta's streets by 2010, according to a recent survey. This means that one person in every three will have a private vehicle. The prediction was based on the increase in the number of vehicles between 1990 and 1993, a rise from 1.6 to 2.1 million.

Joedono, Mantiri get ambassadorial posts

Joedono, Mantiri get ambassadorial posts JAKARTA (JP): President Soeharto yesterday initiated 15 new Indonesian ambassadors including former minister of trade Satrio Budiardjo Joedono and Lt. Gen. (ret) H.B.L. Mantiri, a former candidate to the ambassadorial post in Canberra, Australia, last year. The swearing-in of Joedono as new ambassador to Paris and Mantiri to Singapore ended speculation surrounding the two men after they both lost their position and candidacy respectively.

Station brawler arrested

Station brawler arrested JAKARTA (JP): The Sawah Besar police in Central Jakarta have arrested a 43-year-old man for allegedly killing a public notary early Sunday at the Mangga Besar railway station. "During police questioning today, the suspect, Yusi, a private businessman, admitted to having assaulted the victim. The suspect said he feared being attacked by the victim, who was drunk," City Police Spokesman Lt. Col. Iman Haryatna said yesterday.

Riau rejects new party

Riau rejects new party PEKANBARU, Riau: Chief of the regional military command Maj. Gen. Soedaryanto said yesterday the province rejects the newly- formed Indonesian Democratic Union Party (PUDI). Soedaryanto, who oversees security in Riau, North Sumatra, West Sumatra and Aceh, said the local authorities will ban the party from conducting political activities in his area of command.

Mahathir slams corruption survey

Mahathir slams corruption survey KUALA LUMPUR (AFP): Malaysian Prime Minister Mahathir Mohamad hit out at a European business watchdog yesterday for its assessment of global corruption, saying Malaysians who believed such groups were mired in a colonial mentality. Mahathir dismissed a corruption index released by a German- based group, Transparency International, which ranked Malaysia 26th most corrupt country out of 50 states surveyed.

United drive against RI's bad image urged

United drive against RI's bad image urged JAKARTA (JP): A senior journalist suggests that the government launch a concerted effort to counter foreign news discrediting Indonesia by, among other measures, hiring international public relations companies. The chief editor of the state news agency Antara, Handjojo Nitimihardjo, told members of House Commission I visiting his office at Jl.

Simplified export procedures head reform package

Simplified export procedures head reform package JAKARTA (JP): The deregulatory package announced by the government yesterday includes the simplification of export and investment procedures in addition to the reduction of import tariffs on nearly 1,500 items.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on June 4, 1996: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 925 0 0 AHAP Insurance 2,800 0 0 Alumindo Perkasa 750 -75 92,500 Andayani Megah 1,275 -25 254,500 Aneka Kimia Raya 4,400 0 0 Anwar Sierad 2,200 0 273,000 Aqua Golden Mississippi 2,300 0 0 Argha Karya Prima Industry 3,225 0 86,000 Argo Pantes 2,100 0 0 Asahimas Flat 2,675 0 166,500 Asiana IMI...

Freeport needs to adjust approach to social issues

Freeport needs to adjust approach to social issues JAKARTA (JP): Minister of Environment Sarwono Kusumaatmadja yesterday revealed that initial reports of a social audit of PT Freeport's activities in Irian Jaya show that the mining giant still needs to make adjustments in its dealings with the local population.

Pedestrian bridge

Pedestrian bridge From Bisnis Indonesia Almost every day I venture into Kampung Melayu terminal, Jakarta, to catch a bus to Jl. Jend. Sudirman where I work. We all know that the traffic on the roads around the terminal is bad during the morning and in the evening. Despite the traffic congestion, there is no pedestrian bridge available for pedestrians to cross the road to and from the terminal. Traffic congestion would be eased if pedestrians did not hinder the vehicles rushing past.

Ecolabeling agency and MPI sign agreement

Ecolabeling agency and MPI sign agreement JAKARTA (JP): The Indonesian Ecolabeling Agency (LEI) yesterday agreed to cooperate with forestry firms in helping them meet ecolabeling requirements and, in turn, enabling them to penetrate markets that currently reject tropical timber. A cooperation agreement was signed here yesterday by LEI's chairman, Emil Salim, and the Indonesian Forestry Society's (MPI) chairman, Mohamad "Bob" Hasan.

Jumpers rehearse for world c'ships

Jumpers rehearse for world c'ships JAKARTA (JP): Diamonds mushrooming in the sky above the Lido resort in Bogor, West Java, since Monday have hailed the advent of the sixth World Parachuting Championships in Canopy Formation, scheduled for June 14 to 24. "German and Australian parachutists have been rehearsing since Monday," the championships' program coordinator Akhmed Solihin told The Jakarta Post yesterday.

Is this natural beauty, rich biodiversity under threat?

Is this natural beauty, rich biodiversity under threat? Fly over PT Freeport's concessional area in Irian Jaya and you will see a spectacular view below. The raw beauty of the land; vast, breathtaking rain forests, ubiquitous swamps and tall mangroves, verdant mountains and towering peaks, and alpine tundra covered with glacial ice are just part of what you will see.

Stocks' suspension lifted

Stocks' suspension lifted JAKARTA (JP): The Jakarta Stock Exchange (JSX) yesterday suspended trading on PT Super Indah Makmur's shares due to a 78 percent price increase on Monday on rumors of a take over, but the suspension was lifted in the afternoon session. "The company's management has confirmed that the price increase was out of their control. Moreover, the company was not involve in any transactions which caused such a sharp price increase," JSX said.

Young players shine in tennis selection

Young players shine in tennis selection JAKARTA (JP): When young tennis players beat senior players in the selection tournament at the Senayan tennis courts yesterday they proved that their country will most likely have to rely on them in future international events. Indonesian young hopeful Andrian Raturandang, a member of this year's Davis Cup team, had no trouble beating former Davis Cupper Bonit Wiryawan 6-3, 6-2.

Gold panners live in fear

Gold panners live in fear PALANGKARAYA, Central Kalimantan: Gold panners in Ampalit in Kotawaringin Timur district live in fear because of widespread robbery. Last week, residents found a gold panner's son badly decomposed body with a knife still stuck in its abdomen and an arm missing, Antara reported. The body was found in a forest near a mining site. The body was identified as that of the 14-year-old son of a vendor from Kereng Pangi-Ampalit market.

Recycling: Preserving the environment

Recycling: Preserving the environment Plastic products are one of the main enemies of environmentalists because, generally, they do not break down and they do create problems. For the same reason, bottled water was not viewed as environmentally friendly because its plastic bottles and containers created litter and callous landfills. To make the problem worse, most Indonesians are still not yet fully aware of the need to preserve the environment. The result?

RP and Malaysia to fight piracy

RP and Malaysia to fight piracy MANILA (Reuter): The Philippine and Malaysian police have agreed to conduct joint security operations on their common sea border to curb piracy and drug trafficking, Philippine police said yesterday. The agreement was signed at the weekend when police chiefs from the two countries met their southeast Asian counterparts in a police security meeting in Kuala Lumpur.

Statue of Christ almost completed

Statue of Christ almost completed DILI, East Timor: State-owned company PT Waskita Karya donated Rp 100,000 million (US$43,000) yesterday to the construction of a statue of Jesus Christ. Chief of PT Waskita Karya, a business wing of the Ministry of Public Works, Endar Triyono, symbolically transferred the money to deputy governor J. Haribowo in a ceremony. "It will take a lot more funds to build the statute.

Bimantara to build toll road

Bimantara to build toll road JAKARTA (JP): The Bimantara Group has obtained recommendation to conduct a feasibility study and develop a toll road connecting down-town Surabaya in East Java, its Juanda airport and Tanjung Perak harbor.

Amir Hamzah remembered

Amir Hamzah remembered MEDAN, North Sumatra: Intellectuals in the city plan to mark the 50th anniversary of well-known writer Tengku Amir Hamzah's death with seminars from June 8 and June 9. The organizing committee's chairman, Abubakar Siddiq, said the two-day seminar will discuss Amir Hamzah's ideas as both a poet and national hero.

Succession worries

Succession worries From Merdeka Merdeka on May 29, 1996, said that Soeharto was not going to prepare any of his children to succeed him as leader of Indonesia. In his capacity as Chairman of the Institution for Strategic Studies, former Home Minister Rudini said that the people should not worry about succession because there are many national leaders who can be trusted and are capable of running the country.

'Govt should liquidate state trading firms'

'Govt should liquidate state trading firms' JAKARTA (JP): A member of the House of Representatives yesterday suggested that the government liquidate money-loosing state-owned trading companies because they will never survive in competition with private and foreign corporations. "State-owned trading enterprises that have suffered losses for several years should be abolished, because they will continue increasing the financial burdens of the government.

Three die in well

Three die in well PAMEKASAN, East Java: Three residents of Tampojung Tenggina, Waru district in this Madura Island died on Monday, possibly of toxic smoke inhalation after they went down to a well to repair a broken diesel engine, Antara reported yesterday. Madura police chief Lt. Col. Suratmo Sukarnoto said here on Tuesday that the three farmers wanted to water their tobacco plants but could not draw water from the well because the diesel was broken.

Bogor celebrates 514th birthday

Bogor celebrates 514th birthday BOGOR, West Java (JP): The Bogor township celebrated its 514th anniversary on Monday with a parade from the council to the Bogor Botanical Gardens. It featured various cultural traditions. June 3 was the date the king of the West Java Pajajaran kingdom, Prabu Siliwangi, inaugurated the town in 1482. Mayor Eddy Gunardi said this year's theme is discipline, which should characterize all activities, he said.

Six held in student demo

Six held in student demo JAKARTA (JP): Six people were arrested and five others injured during a demonstration yesterday by 200 people on the University of Indonesia's Jl. Salemba campus in Central Jakarta to commemorate the 40th day after the Ujungpandang riot in which three students died. Central Jakarta Police Chief Lt. Col. Abubakar Nataprawira confirmed the arrest of the students, saying that the police are still investigating whether they are really students.

More deregulation

More deregulation In what has become a custom at this time of year, the government announced yesterday another package of economic deregulation measures. The timing, ahead of the meeting of the Consultative Group on Indonesia in Paris later this month, may leave the impression that the measures are intended to sweeten the nation's creditors preparing to gather in the French capital.

Results of probe into collusion to be made public

Results of probe into collusion to be made public JAKARTA (JP): The Supreme Court promised yesterday it would not cover up the findings of its investigation into the highly publicized bribery scandal involving senior judges. Secretary General of the Supreme Court Toton Suprapto said the results of the investigation will be made available to the mass media after they consult President Soeharto.

Governor declares war on Ecstasy in Jakarta

Governor declares war on Ecstasy in Jakarta JAKARTA (JP): The city administration has declared war on Ecstasy and vows to stop its spread despite the fact there are no laws against the recreational drug. Governor Surjadi Soedirdja said yesterday that his administration will not just stand by quietly while so many, mostly young people, enjoy this drug. "We must do something to curb the distribution of ecstasy while the government is working out the laws," Surjadi said.

Sheraton Bandara ready to support air show '96

Sheraton Bandara ready to support air show '96 JAKARTA (JP): The Sheraton Bandara, a new four-star hotel located near the Soekarno-Hatta International Airport, is ready to support the Indonesian Air Show '96, to be held from June 22 to June 30. "I have received a report saying that the hotel will be ready to operate 125 out of its total 250 rooms for the air show," Director General of Tourism Andi Mappi Sammeng told reporters during an inspection at the hotel site yesterday.

PT Telkom

PT Telkom The recent growth in the number of PT Telkom subscribers seems to be inversely proportional to the quality of its network. I often use a phone in the Gambir area and more often than not there is a crossed-line between 9 a.m and 3 p.m. Wrong numbers occur most often during that time too. Telkom officials, when asked about the problem during a promotional drive earlier this year, shrugged it off as minor. They do not realize how vexing it is for customers.

Strike induced meltdown

Strike induced meltdown JAKARTA (JP): A five-hour strike by 400 employees of an ice cream factory in Ancol, North Jakarta, caused Rp 50 million (US$21,505) worth of ice cream to melt. The striking workers, who demanded a day off on national holidays, caused the ready-to-consume ice cream to go undelivered. Jopie, the personnel manager of PT Diamond Storage, said it was a sour day for the company. "No drivers wanted to deliver the ice cream. We suffered around Rp 50 million in losses," he said.

Private sector to have bigger role in resettlement

Private sector to have bigger role in resettlement JAKARTA (JP): The government is drafting a bill that provides better legal protection to resettlers and gives the private sector a role in the state-sponsored transmigration program. The Ministry of Transmigration's Secretary-General Ign. Hardoyo said yesterday the state secretariat is reviewing the bill before it submits the draft law to the House of Representatives.

Ball biter banged up

Ball biter banged up KUPANG, East Nusa Tenggara (JP): City police have arrested a man posing as a female prostitute for allegedly severely biting the genitals of eight young men in the area since 1994. The long-wanted suspect, Serpatius Da Cunha, reportedly cruised the streets wearing flashy dresses, bra and high heels and offered sexual favors to would-be victims. City police chief detective Capt.

TV today

TV today TVRI 2:30 p.m. Travel: My Country 2:35 Game Show: Fun House 3:00 News: Lintasan Berita 3:05 Children Program: Arena 123 3:30 TV Series: Roseanne 4:05 TV Drama: Tertipu 4:30 Documentary Film: Puncak Gunung Sambori 5:00 Evening News 5:30 Indonesian Lessons 6:00 News: Lintasan Berita 6:05 Nusantara, the Beloved Country: Jambi 6:15 Village Program 6:45 Live from Istiqlal Mosque: Peringatan 40 Hari Wafatnya Ibu Negara - Ny.

Addicted nation

Addicted nation Thank you for the excellent quality of newspaper which has been delivered to my door these past seven years I've lived here in Jakarta. Thank you for taking the risk to make the tough decision sometimes to keep us honestly informed. Maybe your June 1 front page article on RI condemns smoking cautiously was just such a moment of truth. I was very surprised to read of the unabashed sell-out of Indonesians' health, announced by, of all people, the supposed minister of health.

Prepare the nation for succession: Observers

Prepare the nation for succession: Observers SEMARANG (JP): Political observers are making a fresh call for more public discourse on succession in order to better prepare the nation for the time when the transfer of national leadership occurs. Soehardjo, an expert on constitutional law at Diponegoro University, said here yesterday that the public must be conditioned to talk about such a delicate subject. "Otherwise, the issue may prove to become a time bomb," he said without elaborating.

Evictions becoming increasingly refined

Evictions becoming increasingly refined JAKARTA (JP): Evictions are on the rise, backed up by legal instruments and increasingly sophisticated methods, lawyers and activists say. A rule declaring the use of land "for public interests", as defined by a master plan reviewed every five years between the governor and city council, is no longer being referred to.

Govt exempts 215 firms from new wage rule

Govt exempts 215 firms from new wage rule JAKARTA (JP): The government has agreed to exempt 215 companies from the minimum wage regulation that went into force on April 1, accepting that they were having difficulties. Minister of Manpower Abdul Latief told reporters at the State Palace yesterday that marketing problems were among the reasons cited by companies that have been granted the exemption.

RI-Slovak phone-card issued

RI-Slovak phone-card issued JAKARTA (JP): The state-owned domestic telecommunications operator PT Telkom launched here yesterday a new telephone card design prepared by the governments of Indonesia and the Slovak Republic. Minister of Tourism, Post and Telecommunications Joop Ave and Slovak Ambassador for Indonesia Peter Ambrovic jointly signed one of the phone-cards to mark its launching.

Nations urged to assist weak, vulnerable sectors

Nations urged to assist weak, vulnerable sectors By T. Sima Gunawan ISTANBUL, Turkey (JP): Indonesia urged world leaders yesterday not to marginalize the most vulnerable layers of society. The assistant to the Minister of Public Housing, Suyono, told the UN Conference on Human Settlements II that governments have the responsibility to facilitate "the weakest and most vulnerable sectors" through poverty eradication policies and strategies, including human resource and capacity building.

Government unveils new reform package

Government unveils new reform package JAKARTA (JP): The government yesterday announced a further set of major economic reforms to promote both exports and the competitiveness of the country's economy. "This deregulation is designed to improve the Indonesian economy's competitiveness in facing economic globalization," Coordinating Minister for Economy and Finance Saleh Afiff told a press conference at his office.

PDI chief request for congress

PDI chief request for congress JAKARTA (JP): Chief of the minority Indonesian Democratic Party (PDI) Megawati Soekarnoputri yesterday refused to bow to mounting pressure from dissenting members to hold a fresh election for party chairman. "The proposal for a congress was unlawful," Megawati said in a written statement read out to journalists by one of her deputies, Soetardjo Soerjogoeritno. Other party executives, who accompanied Soetardjo to the party headquarters on Jl.

JSX formulating system to protect public interests

JSX formulating system to protect public interests JAKARTA (JP): The management of the Jakarta Stock Exchange (JSX) said yesterday that it is now preparing a more sophisticated surveillance system aimed at enforcing the protection of public interests. "We are now trying to improve the quality of both our system and our human resources," JSX's president, Cyril Noerhadi, told journalists here after a seminar on introduction to the capital market.

RI to spend $21m on payphones from UK's GPT

RI to spend $21m on payphones from UK's GPT SINGAPORE (AFP): Indonesia is to buy US$21 million worth of payphones from GPT Ltd. of Britain in the first big order announced at a major Asian telecommunications trade show which opened here yesterday. GPT, a joint venture between General Electric Co. plc and Siemens AG, said it had also secured a record order to deliver 40 million payphone cards to Singapore Telecommunications Ltd.

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.