Indonesian Political, Business & Finance News

Archive: 10 July 1996

56 articles found

Price of onions shoots down

Price of onions shoots down BREBES, Central Java: Local onion farmers are being hard hit this harvest by the declining price of onions following the sale of imported onion shoots as a regular spice. A slight price decrease is to be expected during harvesting season, a farmer from the Klampok Khudori village told The Jakarta Post. This year's price, however, has gone as low as Rp 500 (25 U.S.

Loan syndication for power project closes

Loan syndication for power project closes JAKARTA (JP): Lead arrangers Credit Suisse, Dresdner Bank, Sanwa Bank and Toronto-Dominion Bank announced yesterday that they had closed a syndication for the financing of two coal-fired power units in Paiton, East Java. "The syndication for PT Jawa Power project was officially closed on June 21, with an oversubscription of approximately 80 percent," the lead arrangers said yesterday.

1. Car -- 48pt MM, 3 lines, 3 cols

1. Car -- 48pt MM, 3 lines, 3 cols Indonesia to talk about car policy with the U.S. 2. Tunky -- 36pt HBC, 3 lines, 2 cols Indonesia opposes non-trade issues at WTO talks 3. WTO -- 36pt NCSB, 2 lines, 4 cols Singapore hopes for consensus at WTO meet 4. Apec -- 28pt HB, 2 lines, 3 cols APEC officials to make environment a priority 5. One -- 24pt MM, 2 lines, 2 cols China floods damage 200,000 tons of rice 6. Putras -- 28pt MM, 2 lines, 3 cols Local textile firm brings complaint to arbitration 7.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on July 9, 1996: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 775 0 0 AHAP Insurance 2,700 0 0 Alumindo Perkasa 650 25 7,000 Andayani Megah 1,150 0 832,000 Aneka Kimia Raya 3,800 0 0 Anwar Sierad 2,075 0 75,000 Aqua Golden Mississippi 2,300 0 0 Argha Karya Prima Industry 3,125 25 2,500 Argo Pantes 1,975 0 0 Asahimas Flat 2,325 -25 344,000 Asiana IMI Indusrties...

Hingis arrives today for Fed Cup clash

Hingis arrives today for Fed Cup clash JAKARTA (JP): World number 17 Martina Hingis of Switzerland and her coach-mother, Melanie Hingis, is expected to arrive today for the Federation Cup's second-round of playoffs against Indonesia. The playoff is scheduled for July 13 and July 14 at the Senayan stadium. Other members of the Swiss Fed Cup team arrived here yesterday. The Hingises were unable to travel with them. "She just won the Wimbledon doubles title on Monday and so could not fly with us.

Unchecked power blamed for problems

Unchecked power blamed for problems YOGYAKARTA (JP): Two government critics blamed "unchecked state power" for contemporary social and political problems, ranging from rampant corruption to human rights violations, during a university seminar. Human rights campaigner Adnan Buyung Nasution and politician Sri Bintang Pamungkas addressed a seminar on social engineering at Gadjah Mada University yesterday, in which they found faults at practically every level of society.

Bojonegoro demands Indonesian names

Bojonegoro demands Indonesian names BOJONEGORO, East Java: Regent Imam Supardi threatened yesterday to close down establishments which still use foreign names. "I am giving one month to shops and entertainment centers to change their foreign names. If they don't then their licenses will be revoked," said Imam as quoted by Antara. The regency plans to list the names of various establishments still using foreign names such as "Supermarket Bravo".

Newly listed shares at JSX mixed

Newly listed shares at JSX mixed JAKARTA (JP): Stock analysts said yesterday that the performances of several newly listed shares on the Jakarta Stock Exchange (JSX) are likely to be clouded by liquidity problems, due to the small size of their initial public offerings (IPO). In the last two weeks, the stocks of four companies were listed on the JSX, just when the market was in a downward trend.

Four executives go to prison for tax fraud

Four executives go to prison for tax fraud JAKARTA (JP): Four executives of private companies were given nine years in prison for tax evasions which caused the state losses of more than Rp 44 billion (US$18.76 million). The four, tried separately in Central Jakarta District Court yesterday, were found guilty of establishing companies to issue fictitious value-added tax invoices, the panel of judges said.

Ruben stuns GM Utut in chess tournament

Ruben stuns GM Utut in chess tournament JAKARTA (JP): Indonesia's number one chess player Utut Adianto and his Kazakhstani counterpart Vladislav Tkachiev flipped and flopped on the boards of an international chess tournament here yesterday. Grandmaster Utut, whose elo rating is 2,605, was stopped short by FIDE Master Ruben Gunawan on the 58th move. Ruben's elo rating was 2,425. The win reduced Ruben's losing streak to Utut to 5-1.

Local textile firm brings complaint to arbitration

Local textile firm brings complaint to arbitration JAKARTA (JP): Earlier this year, textile companies complained they were hit by defective cotton imports from the United States. Their claims were solid, the evidence was there and the importer even admitted the inferior quality of the cotton. The Indonesian firms, however, preferred to deal with the issue on a bilateral basis -- through negotiations -- and avoided arbitration, which they claimed would be disadvantageous to them.

Malaysian palm oil ends slightly down

Malaysian palm oil ends slightly down KUALA LUMPUR (Reuter): Malaysian palm oil prices closed slightly lower yesterday after drifting in tight ranges due to players' uncertainties over the market trend, traders said. "There was little price movement in the afternoon. People are not sure of the market direction and decided to stay away," a dealer said.

Soerjono urged to pull bid on Adi's dismissal

Soerjono urged to pull bid on Adi's dismissal JAKARTA (JP): More protests were directed against Chief Justice Soerjono for recently requesting President Soeharto to dismiss Justice Adi Andojo Soetjipto for tarnishing the Supreme Court's name. A number of legal and student activists demanded yesterday that Soerjono retract his request, as it would only damage the image of Indonesia's judicial system further.

Unethical TV coverage

Unethical TV coverage What I saw that afternoon (Saturday, July 6, 1996) on ANteve's program (Cakrawala) was an act of despicable hypocrisy. The cops were raiding Safari Hotel in West Java in search of Ecstasy dealer/user, but what they got were couples (some are teenagers) conducting unethical behavior (according to ANteve reporter). Those who could not show the wedding certificate were taken to the police headquarters, and that looked just like a party for the reporters.

Medan congress a comedy of errors

Medan congress a comedy of errors The controversial congress of the tiny Indonesian Democratic Party in Medan last month continues to draw reactions. Political scientist J. Soedjati Djiwandono comments on the political episode. JAKARTA (JP): The series of events surrounding the congress of the Indonesian Democratic Party (PDI) held in Medan on June 20 to June 22 appeared like a comedy of errors on the part of all parties involved.

Woman stabbed by nephew

Woman stabbed by nephew JAKARTA (JP): A 46-year-old woman was fatally stabbed by her husband's nephew at the couple's vehicle repair shop in South Jakarta yesterday. The suspect, identified as Tan Tjau, 32, was apprehended near the scene soon after the murder by dozens of witnesses, including visitors to the Puring Motor repair shop on Jl. Minangkabau. Tjau's pocket knife, allegedly used to stab Yuli Kristiani, was seized by the police.

Military to help city fight street crime

Military to help city fight street crime JAKARTA (JP): The Greater Jakarta military commander, Maj. Gen. Sutiyoso, said yesterday that he is ready to back up Governor Surjadi Soedirdja in battling hoodlums. Sutiyoso said that troops could be sent wherever and whenever they were needed to combat the hoodlums, whose activities have reached an "intolerable level." "They have disturbed public order.

Megawati supporters warn of disintegration

Megawati supporters warn of disintegration JAKARTA (JP): The government needs to be more careful in its handling of the Indonesian Democratic Party's (PDI) leadership crisis, or run the risk of causing national disintegration. The call was made by Soetardjo Soerjogoeritno, one of a group of people loyal to ousted PDI chief Megawati Soekarnoputri, in Yogyakarta yesterday.

Indonesia opposes non-trade issues at WTO talks

Indonesia opposes non-trade issues at WTO talks JAKARTA (JP): The upcoming first ministerial meeting of the World Trade Organization (WTO) should avoid discussing non-trade issues and focus on ways to establish fairer multilateral trade, Minister of Industry and Trade Tunky Ariwibowo said yesterday.

24 arrested in labor protests face charges

24 arrested in labor protests face charges SURABAYA (JP): The number of activists arrested rose to 24 yesterday as the massive student-led street labor protests entered their second day here yesterday. Chief of the Brawijaya local military command Maj. Gen. Imam Utomo threatened to bring the student activists to court on charges of subversion, which carries a maximum penalty of death.

Police detained for fatal beating

Police detained for fatal beating JAKARTA (JP): Five members of the South Jakarta police precinct are currently being detained at the City Police headquarters, awaiting the results of the investigation of their alleged roles in the fatal beating of a man two months ago. "They have been detained there about 56 days and their case has been taken over by the City Police headquarters," South Jakarta police Lt. Col. Sisno Adiwinoto said yesterday.

Authorities threatened over renegade discos

Authorities threatened over renegade discos TANGERANG, West Java (JP): A leader from Tangerang's Moslem community demanded yesterday that authorities close down three nightspots soon, vowing he would organize another street demonstration should no action be taken. Edy Sulaeman, leader of Saturday's demonstration involving more than 1,000 Moslems, said that one establishment has been used as a brothel, one for drug and Ecstasy trafficking and a third venue featured "impolite" singers.

Govt to speed up repayment of loans with rates over 10%

Govt to speed up repayment of loans with rates over 10% JAKARTA (JP): Minister of Finance Mar'ie Muhammad said yesterday that the government plans to speed up the payment of foreign debts with annual interest rates between nine and 10 percent beginning next fiscal year. The minister said that the plan is the second step of the government's program to speed up the payment of high interest- loans.

Scavenger families hit hard by Penjaringan fire

Scavenger families hit hard by Penjaringan fire JAKARTA (JP): Some sit around chatting, while others try to salvage what is left of their makeshift houses which were leveled by fire on Friday. The children are playing with kites, their happy faces bearing no sign of gloom. They will later be 'busy' looking for a safe place to sleep at night.

Croatia, RI to cooperate

Croatia, RI to cooperate ZAGREB (Reuter): Croatia plans to become a base for funneling Indonesian goods into Europe, the country's Chamber of Commerce chief said on Monday. "We want to be a partner which will enable Indonesia to enter Eastern and Central Europe," Nadan Vidosevic, director of Croatian Chamber of Commerce told state television after meeting his Indonesian counterpart. "Here lies the biggest chance for Croatia...to achieve good results in a short time," he added.

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 Talks: Gita Wicara 3:30 TV Series: Roseanne 4:05 TV Drama: Menyadari 4:30 Documentary Film 5:00 Evening News 5:30 Indonesian Lessons 6:00 News: Lintasan Berita 6:05 Nusantara, the Beloved Country: West Java 6:15 Village Program 6:45 TV Series: Jump Over The Moon 7:00 Evening News 7:25 Garuda Pancasila/Filler/Trailer 7:30 Business: Mitra Kita 8:00 News: Lintasan Berita 8:05 News: Spektrum 9:00...

Benefits of arbitration are not widely known

Benefits of arbitration are not widely known By Prapti Widinugraheni JAKARTA (JP): Many Indonesian firms fail to use arbitration as a means to settle their business disputes, assuming that the system is expensive and time consuming, an executive of the Indonesian National Board of Arbitration says. Board chairman Priyatna Abdurrasyid said that the assumption is incorrect and caused by a lack of information about and unfamiliarity with the arbitration system.

'Ecstasy' is too good a name

'Ecstasy' is too good a name DENPASAR, Bali: Ecstasy is too good a label for the stimulant pills increasingly gaining popularity among wealthy teenagers and rave partygoers in cities, a psychiatrist insists. "If the name is maintained, it will make the damned pills even more popular," Robert Reverger, the director of the Bangli mental hospital, said yesterday.

Transmigrants need clean water

Transmigrants need clean water JAYAPURA, Irian Jaya: Transmigrants at residential units V and VIII in Timika, Irian Jaya, are in need of clean water because of the poor quality of the wells in the area. "The water in the wells provided cannot be used for drinking or cooking because it is grimy," said Wahid, a transmigrant from Subang, West Java, Antara reported. He added that residents are calling on local authorities to provide filter drums to help purify the water. (mds)

Labor

Labor 24 arrested in labor protests face charges. Page 2 Inspection Jakarta city council suggests expanding role of tax officers. Page 3 Female charm Dubai company uses female charm at gas stations. Page 7 Car policy Indonesia to talk about car policy with the U.S. Page 10 Loans Govt to speed up repayment of loans with rates over 10%. Page 11 Gold Saudi Arabia looks to gold mining. Page 12 Athletics Sprinter Johnson bounces back with sixth-fastest time. Page 14 Pointer: 1. Editorial -- Page 4 ..

Rupiah stable, needs no BI intervention: Soedradjat

Rupiah stable, needs no BI intervention: Soedradjat JAKARTA (JP): The Indonesian rupiah was stable against the U.S. dollar and share prices on the Jakarta Stock Exchange (JSX) increased slightly yesterday after three jittery days of concern over President Soeharto's health. Bank Indonesia Governor J. Soedradjad Djiwandono said yesterday that the recent volatility of the rupiah has not yet required intervention from the central bank. "Bank Indonesia has not conducted any market intervention.

Yayuk says she will play in Atlanta Olympic Games

Yayuk says she will play in Atlanta Olympic Games JAKARTA (JP): Indonesian tennis queen Yayuk Basuki said that although she wanted to quit tennis by the end of this year she had no intention of withdrawing from the Olympic Games in Atlanta, which start on July 19. Yayuk told The Jakarta Post and Kompas last night at the Gatot Subroto Army's Hospital that she would not withdraw from the Olympics on account of her mother's illness. "The rumors are not true.

Council suggests expanding role of tax inspectors

Council suggests expanding role of tax inspectors JAKARTA (JP): City revenue office tax inspectors are to have stronger authority in the future if a new rule on development tax is passed. Councilors said yesterday they were in favor of a stronger role for tax officers in inspecting suspected tax evasion. "We support an extended role for tax officers," Amarullah Asbah, the secretary of commission C, for city revenue, said.

I can still play golf: Soeharto

I can still play golf: Soeharto JAKARTA (Agencies): A smiling President Soeharto told reporters accompanying him for a stroll through the grounds of the cardiac hospital in the German town of Bad Oeynhausen yesterday that he can still play golf, his favorite sport. "I can still play 9 holes.

Friday sermon

Friday sermon It was Friday, June 21, 1996, at 11:45 a.m. when an Indonesian friend pulled up in a flashy car to give me a ride to the mosque for Friday prayers. After about 20-minute drive we arrived at a huge building (along Jl. Sudirman) called "Gedung GKBI." In it I found a pretty international audience of various nationalities ready to listen to a sermon in English just before prayer time.

Landslide sweeps Aceh road

Landslide sweeps Aceh road BANDA ACEH, Aceh: Traffic between the capital city and Meulaboh is moving at a crawl due to a landslide in the Gunung Kulu and Palu areas. The Lhoknga police chief First Lt. Dwi Cahyono after inspecting the area yesterday said the landslide had halved the five-meter-wide road in two 10-meter-long sections. He said that as a result only small vehicles can pass the road.

RI soccer team heads to Australia for warm-up

RI soccer team heads to Australia for warm-up JAKARTA (JP): The Indonesian soccer squad left the country on Monday for a series of training and warm-up matches in Australia as preparation for the Asian Cup championships. The squad, which consists of 18 players, coach Danurwindo and assistant manager Amri Lubis, will face a West Australian team in Perth today. The team is missing the services of Andi M. Teguh, assistant coach of Danurwindo, who died on Saturday after suffering a heart attack.

Seven killed in bus fire

Seven killed in bus fire BANDAR LAMPUNG, Lampung: Seven people died and several dozen were injured when an ALS bus from Surabaya, East Java, on its way to Medan, North Sumatra mysteriously caught fire. Antara reported that the bus, bearing license plate BK 7809 DH, caught fire on Monday evening. Police have yet to determine the cause of the fire. The accident occurred about 45 kilometers from the Bakauheni- Lampung crossing.

Indonesia to talk about car policy with the U.S.

Indonesia to talk about car policy with the U.S. JAKARTA (JP): Indonesia and the United States are to discuss the former's national car policy during a ministerial meeting of the Asia Pacific Economic Cooperation (APEC) in Christchurch, New Zealand, later this week, a senior U.S. diplomat said yesterday.

70,000 children out of school

70,000 children out of school PALANGKARAYA, Central Kalimantan: Governor H. Warsito Rasman urged the greater public, especially the business community, to support less economically privileged children by joining the foster parents program. The governor expressed his concern while inaugurating the National Foster Parents Program on Tuesday. From a total of 126,000 school-aged children, 70,000 are unable to attend school due to their families' economic constraints, Antara reported. (14)

Officer runs amok, kills two

Officer runs amok, kills two BANDUNG (JP): An apparently drunken military officer shot and killed two teenagers at the Air Force housing complex on Monday night, sources said yesterday. The incident happened when the guard, Chief Corporal Untung, lost his temper in an argument with the victims, Andri and Rini, both aged 19 and residents of the housing complex. The officer accused the victims, who happened to be relatives, of stealing the motorbike they rode.

Death for corrupt cashier

Death for corrupt cashier HANOI (Reuter): A court in southern Vietnam's An Giang province has sentenced a cashier at a local agricultural firm to death on charges of embezzling some $138,000. Thanh Nien (Youth) newspaper said Nguyen Nhan Tai had been entrusted with the money to buy fertilizer but escaped instead across the border into Cambodia. He was sentenced on June 22, and under Vietnamese law has the right to appeal. Executions are rarely reported.

Asia, Europe find differences

Asia, Europe find differences BANGKOK (AFP): Asian and European representatives from the public and private sectors of 25 countries have sketched out the priorities for a plan to promote investment between the two regions, Thai officials said yesterday. "We have begun to inject lifeblood into the veins of the first Asia-Europe Investment Promotion Action Plan," Thai Board of Investment (BOI) chairman Staporn Kavitanon said at the close of a two-day working group meeting here.

Human rights body opens office in Dili

Human rights body opens office in Dili JAKARTA (JP): The widely-acclaimed National Commission on Human Rights opened yesterday its first branch office in Dili, East Timor, as a way to help dispel internationally bad publicity on the region's poor record of human rights. Commission Secretary-General Baharuddin Lopa acknowledged that the office was opened because of the many reports of rights violations in the province it has received over past years.

Flyby over Kuta canceled

Flyby over Kuta canceled JAKARTA (JP): The organizer of the Lintas Dirgantara aerosports rally canceled the flyby at the Kuta beach, Bali, yesterday due to a lack of participants. Lt. Col. Sudjadijono, commander of the Ngurah Rai Air Force base, said that the organizer planned to conduct a 20-minute flyby in celebration of the Indonesian Air Force's 50th anniversary. The 29 airplanes in the rally landed at the airport from 4 p.m. onwards to refuel and report to the organizers.

Agency not to blame for megaproject

Agency not to blame for megaproject JAKARTA (JP): An official at the Agency for the Assessment and Application of Technology (BPPT) said yesterday that the agency should not be blamed for problems with development projects in which it is not even involved. M.T. Zen, the agency's Deputy Chairman for Natural Resources Development, made the remark during a hearing with the House of Representatives Commission X for science and technology.

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.

Thousands of levies hamper exports

Thousands of levies hamper exports JAKARTA (JP): Director General of International Trade Anang Fuad Rivai admitted yesterday that the imposition of over 4,000 levies and the existence of rampant red tape have hampered the development of Indonesia's exports.

Toyota to recall vehicles

Toyota to recall vehicles TOKYO (AFP): Japan's largest car maker, Toyota Motor Corp., has started recalling nearly 270,000 passenger cars and vans in Japan and other Asian countries due to defective automatic gear shift levers, the transport ministry said yesterday. The ministry said Toyota would recall 257,336 units in Japan while it would recall 12,000 units sold in Hong Kong, Singapore, Brunei, Macao, Malaysia, Indonesia and Thailand.

Photo business has promising prospects

Photo business has promising prospects By K. Basrie JAKARTA (JP): The five-day exhibition of the latest photographic equipment closed yesterday with estimated sales in the hundreds of millions rupiah. Participated in by about 40 companies displaying a wide range of famous camera brands and related devices, the July 5 to July 9 "Indonesia Photo & Video Expo '96" at the Jakarta Convention Center in Central Jakarta was toted as today's parameter of Indonesian photography.

Kashmir 1

Kashmir 1 It is a well known fact the Security Council resolution on Kashmir, which came into effect on Jan. 1, 1949, was to establish and enforce a cease-fire line between the opposing Indian and Pakistani armies. The resolution also demanded that the cease- fire was to be followed by a free and impartial plebiscite in the whole area. Indeed, Prime Minister Nehru had initially agreed that the plebiscite be held as soon as possible.

Suu Kyi seeking gain from consul death: Media

Suu Kyi seeking gain from consul death: Media YANGON (Reuter): Myanmar's state newspapers accused democracy leader Aung San Suu Kyi yesterday of trying to gain politically from the death in prison last month of a former honorary consul for a number of European countries. James Leander Nichols, an unaccredited representative for Denmark, Finland, Norway and Switzerland, died in prison on June 22. Differing accounts say he died of a heart attack or stroke.

Lee's concept of democracy

Lee's concept of democracy By Arief Budiman SALATIGA, Central Java (JP): Commenting on what is happening in Myanmar, Singaporean elder statesman Dr. Lee Kuan Yew recently stated that Aung San Suu Kyi would serve her country better if she remained only the symbol of democratic struggle. He argued that Suu Kyi wouldn't have the institutions needed to implement a democratic system if she took over state power. What she has is only international popularity, being a Peace Nobel laureate.

APEC officials to make environment a priority

APEC officials to make environment a priority MANILA (AFP): Fast-growing economies in the Asia Pacific region aim to make the environment a priority at a leaders' summit in November, officials said here yesterday. Officials from the 18-member Asia-Pacific Economic Cooperation (APEC) forum would draft a declaration that gives priority to ensuring development that does not harm the environment, APEC officials said.

Private initiative for AIDS prevention advisable

Private initiative for AIDS prevention advisable By Meike Hensmann JAKARTA (JP): Imagine one day the person you have been working next to for years finds out that he or she is HIV-positive, and decides to confide this to you. What will you say? How do you react? Will you treat them differently than before? Few of us are really prepared for such a situation, but is it that unlikely to happen? Equally unprepared are most employers in this country.

Legislator's petition signing vexes his party

Legislator's petition signing vexes his party JAKARTA (JP): The conservative United Development Party (PPP) is unhappy with one of its senior politicians, Matori Abdul Djalil, who recently signed a petition critical of the government. Matori's action prompted chief of the PPP faction in the House of Representatives, Hamzah Haz, to ban PPP legislators from maneuvering outside the "constitutional institution". But Matori played down his faction's warning.