Indonesian Political, Business & Finance News

Archive: 11 July 1996

52 articles found

Barrier to exports

Barrier to exports Anyone intending to exploit the huge potentials of the export business in Indonesia may want to ask themselves if they have the strength and stamina to overcome the frustration they will encounter from mounting bureaucracy. They should take their cue from the Ministry of Industry and Trade's Director General of International Trade Anang Fuad Rivai.

Hingis well prepared for Fed Cup match

Hingis well prepared for Fed Cup match JAKARTA (JP): Martina Hingis, the youngest Wimbledon winner in history, claims she is well-prepared to beat Indonesian tennis queen Yayuk Basuki in their Federation Cup second-round playoff here this weekend. "But it's going to be difficult for me because of the home crowd support she certainly enjoys," the world number 17 said upon her arrival yesterday. The match is scheduled for July 13 and July 14 at the Senayan rebound ace stadium.

On unleaded gas

On unleaded gas I refer to the recent debate on the cost-benefit of introducing unleaded gasoline to Indonesia to help reduce pollution. A coincidence here. As the World Bank representative defends the introduction of unleaded gasoline as cost-effective (The Jakarta Post, June 28, 1996) the World Bank recommends that Indonesia increase its fuel prices (Indonesia Fax Bulletin, May 27, 1996). The World Bank allegedly wants an increase in fuel prices to help balance the budget.

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.

Soeharto set to leave hospital today

Soeharto set to leave hospital today JAKARTA (JP): Doctors who examined President Soeharto at a heart hospital in Germany reaffirmed yesterday that there was nothing wrong with the 75-year-old leader and that he would be discharged on Thursday. He is in normal health for someone his age and needs no special treatment, Reiner Koerfer, the head of the medical team at the cardiac hospital in Bad Oeynhausen, near Hanover, was quoted by Reuters as saying.

Daelim wins RI project

Daelim wins RI project SEOUL (AFP): South Korea's Daelim Engineering Co., said yesterday it had won a US$350-million contract to build a thermal power plant in Indonesia. Under the turnkey contract, Daelim will build two coal-fired 100-megawatt and two 50-megawatt plants for the Sibolga and Amurang power stations, starting this year and completing the project in 1999.

Bulog raises flour prices

Bulog raises flour prices JAKARTA (JP): The National Logistics Agency (Bulog) has raised flour prices to Rp 704.44 (US$0.30) a kilo, including value added tax, from Rp 681.91 due to increasing wheat prices on the world market. Bulog's chairman, Beddu Amang, told journalists yesterday that the world's wheat prices have now increased to the region of $250 to $280 a ton from $180 in 1994.

RI and U.S. seek input on future of relations

RI and U.S. seek input on future of relations JAKARTA (JP): Indonesia-United States relations toward the 21st century was discussed in a seminar at the Indonesian Ministry of Foreign Affairs yesterday. The aim of the seminar was to gather input from a wide range of individuals as a source of consideration in the implementation of Indonesian foreign policy towards the U.S.

Levies reach 30 percent of building consultancy costs

Levies reach 30 percent of building consultancy costs JAKARTA (JP): Construction consultants complained to the House of Representatives yesterday that illegal levies, on top of legal fees, account for 30 percent of the fees for their services. "To win a consultancy project through a tendering process, a consulting company has to pay about 30 percent invisible costs.

Foreigners arrested for drug deal

Foreigners arrested for drug deal JAKARTA (JP): Police have arrested three foreigners and a local for their alleged roles in a drugs transaction, believed to be heroin. A reliable source at the Central Jakarta police station said the suspects, including two Nigerians and a Canadian, were detained near the McDonald's outlet at the Sarinah building on Jl. M.H. Thamrin on Tuesday evening.

Reporters' libel case adjourned

Reporters' libel case adjourned JAKARTA (JP): Lawyers representing seven dismissed Suara Pembaruan journalists were granted more time yesterday to prepare their reply to the daily's management. Presiding Judge Willyarto adjourned the session at the East Jakarta District Court until next Wednesday.

People's sorrow is also ABRI's

People's sorrow is also ABRI's UJUNGPANDANG, South Sulawesi: Chief of Wirabuana Regional Military Command Maj. Gen. Sulatin said the Armed Forces (ABRI) are "from and for the people", and that when the people face a difficult time, ABRI empathizes. Sulatin made the remark while visiting a slum in Mangasa, Tamalate district, which his troops have just rehabilitated, Antara reported yesterday.

Hundreds moved from flood

Hundreds moved from flood KENDARI, Southeast Sulawesi: Hundreds of residents of Lepo- Lepo and Asera districts in Kendari regency have been evacuated after a flood hit the area, Antara reported yesterday. Head of the provincial office of Ministry of Social Service Rustam Pale said a team of rescue workers had been deployed to help the residents move to higher grounds. Food supplies had also been sent. "We're preparing more supplies, as there have been reports that the flooding is expanding.

Tourist buses to have GSM telephones

Tourist buses to have GSM telephones JAKARTA (JP): PT Telkomsel plans to install later this year car-mounted telephones in tourist buses for the exclusive use of foreign visitors holding Subscriber Identity Module (SIM) cards for the Global System for Mobile (GSM) communications system. "We will also issue prepaid SIM cards to be used on public GSM phones," a Telkomsel director, Garuda Sugardo, said Tuesday.

Tourist has all his belongings taken

Tourist has all his belongings taken JAKARTA (JP): A Danish tourist lost all his belongings only a few hours after he stepped into the country for the first time. His taxi driver is the suspect. "Luckily I still have my passport and cash but I lost all my clothes and stuff, including a cheap camera and map," Dan Lund, 23, told The Jakarta Post after reporting the case at the City Police headquarters yesterday. Lund said he took a blue-colored taxi from the airport to a hostel on Jl.

Crackdown on Ecstasy criticized as ineffective

Crackdown on Ecstasy criticized as ineffective JAKARTA (JP): The recent crackdown against the banned Ecstasy trade at discotheques and other nightspots in the city was an ineffective and inappropriate way to stop the drug's circulation, said a prominent criminologist Mulyana W. Kusuma. Mulyana said that Ecstasy transactions were sometimes done openly. "But as a criminal network the Ecstasy business is really closed.

More funds needed for SEA Games

More funds needed for SEA Games JAKARTA (JP): The underwriting consortium for the Southeast Asian Games next year is facing the uphill task of raising Rp 40 billion (US$17 million) to fulfill its set budget. "We have run out of ideas on how to acquire that whopping amount," Enggartiarso Lukita, a member of the consortium, told reporters yesterday after a hearing with four foreign companies that had expressed interest in promoting the games.

Indofood acquires Nissinmas

Indofood acquires Nissinmas JAKARTA (JP): PT Indofood Sukses Makmur of the Salim Group announced yesterday that it has signed an agreement to acquire a 49 percent stake in PT Nissinmas, an instant noodle producer. Indofood said in a statement that under the agreement, which was signed on Tuesday, another 49 percent of the shares will be owned by Nissin Food Products Co. Ltd and the remaining 2 percent by Nissho Iwai Corporation of Japan.

Hodgson leads BNI chess meet

Hodgson leads BNI chess meet JAKARTA (JP): English grandmaster Julian M. Hodgson took the sole lead after the third day of an 11-round chess tournament sponsored by the government-run bank BNI at the Kartika Chandra hotel yesterday. Hodgson now has 2.5 points after beating Indonesia's Sjarif Machmud on the 33rd move yesterday. Indonesia's number one chess player GM Utut Adianto, FIDE Master Ruben Gunawan and GM Jrg Hickl of Germany share second spot with 2 points each.

PDI and JFK

PDI and JFK Even as an outsider, not being a member of the Indonesian Democratic Party, I am sad that the Party is having trouble, and to be honest I do not really know what it is all about. What are the reasons for the rift in the PDI? Is it because one group wanted a congress and the other didn't? Both will have had good reasons for their stance. One group said the congress was in line with the Party Constitution, while the other group insisted that it wasn't.

Police pledge to fight against illegal drug trade

Police pledge to fight against illegal drug trade JAKARTA (JP): Police said yesterday that they will continue with their massive operation against discotheques, pubs, motels and other places suspected of illegal drug and sex transactions. "The operation will be carried out the whole year," National Police deputy chief for operational affairs, Maj. Gen. M.B. Hutagalung, said after opening a photo exhibition on police service.

Protection for aromatics firm criticized

Protection for aromatics firm criticized CILEGON, West Java (JP): A business leader expressed his worry yesterday about the possibility of the government setting up a new tariff structure to protect a politically well-connected aromatics firm.

Indigenous Irianese youths demand more jobs

Indigenous Irianese youths demand more jobs JAKARTA (JP): Indigenous Irianese youths pressed their demand yesterday for more jobs in both the government and private sectors as a way to ease social tension in the esternmost province. They said the increasing cases of rioting in Irian Jaya can be traced to the fact that key positions in Irian Jaya are held by people from other provinces, notably Java and Sumatra.

Arrest

Arrest Students arrested for inciting labor protests. Page 2 Ecstasy Crackdown on Ecstasy criticized as ineffective. Page 3 Activists Malaysian activists find voice at last. Page 5 Aging DJ Aging disc jockey spins hits in Shanghai disco. Page 6 Car parts Foreign companies to make car parts in Indonesia. Page 8 Loans PT Muliakeramik secures $100 million in syndicated loan. Page 9 Games More funds needed for SEA Games. Page 10 Myanmar ASEAN called on to drop existing policy on Myanmar.

ASEAN called on to drop existing policy on Myanmar

ASEAN called on to drop existing policy on Myanmar MANILA (Reuter): A human rights group urged southeast Asian nations yesterday to abandon their policy of non-interference in Myanmar and to ban aid and investment to force its military rulers to yield power. In a report after a 16-day mission to Myanmar, the group also called on the Association of Southeast Asian Nations (ASEAN) to back an arms embargo against Yangon and freeze its application for membership in the seven-member organization.

Resettlers want houses on stilts

Resettlers want houses on stilts JAYAPURA, Irian Jaya: Around 300 families who are about to be resettled have asked the transmigration authorities that they be provided with houses on stilts because their destinations are swamp areas. Antara reported yesterday that the residents of Mwapi and Kaugapu villages in East Mimika district, Jayapura, made the request during a meeting with the head of the provincial transmigration office, Sudarmadi, on Monday.

Foreign companies to make car parts here

Foreign companies to make car parts here JAKARTA (JP): As many as 53 companies from South Korea and 22 from Taiwan plan to establish factories in Indonesia to produce automotive components, says Minister of Investment Sanyoto Sastrowardoyo. Sanyoto, who is also chairman of the Investment Coordinating Board, said yesterday that the intentions expressed by the 75 foreign companies reflect the promising prospect of Indonesia's automotive industry.

Four RI researchers to join Antarctic team

Four RI researchers to join Antarctic team JAKARTA (JP): The Agency for Technology Application and Assessment (BPPT) is planning to send four of its researchers on the South-Arctic Expedition next month. Two of the four Indonesian candidates are Muhammad Evri, and Fadli Syamsuddin. They will be leaving for Australia on Aug. 17 to join other researchers from Australia, New Zealand and the United States on board the Aurora Australis expedition boat.

'No easy solution to air pollution'

'No easy solution to air pollution' JAKARTA (JP): A researcher suggested yesterday that the government take a holistic, rather than a technical, approach to reducing air pollution, before worrying about using unleaded or leaded fuel. Kardono, a researcher at the Agency for the Assessment and Application of Technology (BPPT), said there was no easy solution to air pollution. Unleaded fuel was not necessarily a better way to reduce pollution, he said at a seminar in Kebon Sirih, Central Jakarta.

A beefy Riddick Bowe to fight Golota today

A beefy Riddick Bowe to fight Golota today NEW YORK (Reuter): It will be a beefy Riddick Bowe who fights Andrew Golota here today after the former heavyweight champion tipped the scales at 252 pounds (114 kg) at the weigh-in on Tuesday. In his last fight, an eighth-round knockout of Evander Holyfield nine months ago, Bowe fought at 246 pounds (112 kg). The bout will be shown live on Indosiar on Friday, starting from 08.30 Western Indonesia Time.

Court defends plan to fire Adi Andojo

Court defends plan to fire Adi Andojo JAKARTA (JP): The Supreme Court defended its plan to dismiss whistle-blower Justice Adi Andojo Soetjipto, saying that to have him around would ruin the court's reputation even more. Spokesman for the Supreme Court, Toton Suprapto, acknowledged yesterday that firing Adi would be unpopular but to act fairly would be a "heavy burden" for the court. "It is a tough choice actually," Toton said.

Muliakeramik secures $100m loan

Muliakeramik secures $100m loan JAKARTA (JP): PT Muliakeramik Indahraya, a ceramic tile producer owned by the publicly-listed PT Mulia Industrindo, yesterday signed a five-year term loan worth US$100 million. Mulia Industrindo and Muliakeramik will act as the guarantors of the loans, which will be raised through Mulia Industrindo Finance BV, the company said. "The interest is set at two different rates.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on July 10, 1996: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 775 0 0 AHAP Insurance 2,700 0 0 Alumindo Perkasa 700 50 5,500 Andayani Megah 1,200 50 1,240,000 Aneka Kimia Raya 3,700 -100 10,000 Anwar Sierad 2,100 25 93,000 Aqua Golden Mississippi 2,300 0 0 Argha Karya Prima Industry 3,100 -25 169,500 Argo Pantes 1,975 0 0 Asahimas Flat 2,350 25 379,000 Asiana...

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.

Peace at hand in the Philippines

Peace at hand in the Philippines Twenty years after Imelda Marcos and Libyan leader Muammar Gaddafi brokered an agreement in Tripoli to end a Moslem separatist rebellion in the southern Philippines, peace appears to be at hand in the long-troubled region.

Infrastructure blocked by low land compensation

Infrastructure blocked by low land compensation JAKARTA (JP): Vital infrastructure in Greater Jakarta will remain unrealized as long as inhabitants are not paid enough compensation to give up their land. Meanwhile, the projects -- worth over US$100 billion -- become more expensive with each year of delay.

American Clubs opens here

American Clubs opens here JAKARTA (JP): American Clubs International Limited, a hospitality business company, is scheduled to open its newest branch, The Jakarta American Club, soon. Based in Hong Kong, the Clubs was founded in response to increasing demand for executive clubs in the Pacific Rim region such as the American club Hong Kong, a spokesman for the Jakarta branch said yesterday.

Freeport expects lower profits in 2nd quarter

Freeport expects lower profits in 2nd quarter SYDNEY (Reuter): Freeport McMoran Copper and Gold Inc said yesterday that it expects its second quarter 1996 financial results to be affected by lower copper prices. The results would be affected despite excellent sales levels of copper and gold and significantly improved total unit cash production costs, equal to about US$0.15 a pound, Freeport said.

Healthy environment

Healthy environment I have been living in Indonesia for the past five months and have traveled extensively from Aceh to Timor, and love it here. There is such great beauty, friendly people, and diversity of every kind. However, there is some custom that badly spoils the beauty and deserves serious attention -- that of using the rivers and beaches as bathrooms/lavatories.

Asiawide phone cards

Asiawide phone cards TOKYO (AFP): Major telecommunications companies in seven Asian economies have started developing common telephone cards for calls among them, the Sankei Shimbun said yesterday. An informal committee of common carriers in Hong Kong, Indonesia, Japan, Malaysia, the Philippines, Singapore and South Korea aim to realize the world's first regional telephone cards by the end of next March, the daily said.

Call for female governor

Call for female governor JAKARTA (JP): The wife of Home Affairs Minister Moch. Yogie S.M.'s has proposed that her husband appoint the first woman governor in 1998, when many of the 27 governors' term of office ends. Emmy Yogie S.M., who is chief of the National Family Welfare Movement, made the proposal in Ketangbaru, North Sulawesi on Tuesday. Emmy, who was in North Sulawesi with her husband, said that in fact she was only conveying Minister of Women's Role Mien Sugandhi's idea. "Mrs.

Many oil and cement projects delayed

Many oil and cement projects delayed JAKARTA (JP): Minister of Investment Sanyoto Sastrowardoyo said yesterday that most companies licensed by his office to build new cement factories and oil refineries have delayed their investment projects. The minister told Commission VI of the House of Representatives, for industry and investment, that the delay in the construction of new cement plants was mostly caused by investors' difficulties in raising investment funds.

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: Milton Berle 4:30 Female World 5:00 Evening News 5:30 Arabic Lessons 6:00 News: Lintasan Berita 6:05 Nusantara, The Beloved Country: Central Java 6:15 Village Program 6:25 Koran Recital 6:35 Religious Teachings: Islam 7:00 Evening News 7:25 Garuda Pancasila/Filler/Teller 7:30 Hobbies 8:00 News: Lintasan...

Election agency gives Soerjadi candidate forms

Election agency gives Soerjadi candidate forms JAKARTA (JP): The government reinforced its support of Soerjadi as chief of the Indonesian Democratic Party (PDI) by providing him yesterday with forms to submit his candidates for legislative bodies.

Duta Pertiwi's profit up

Duta Pertiwi's profit up JAKARTA (JP): PT Duta Pertiwi Nusantara, a publicly-listed manufacturer of chemical products, yesterday reported an increase of 19 percent in its net profit to Rp 4.3 billion (US$1.8 million) last year and a 25 percent in sales to Rp 40.4 billion.

Presidential seal counterfeited

Presidential seal counterfeited JAKARTA (JP): The Central Jakarta Police have apprehended four members of a syndicate believed to have illegally produced and traded watches and souvenirs bearing the Presidential Palace seal. Chief of the police precinct, Lt. Col. Abubakar Nataprawira, said yesterday that the four were arrested at Hotel Indonesia, Jl. MH Thamrin on June 26.

Govt critics seek public support

Govt critics seek public support SEMARANG, Central Java (JP): Prominent government critics are seeking greater public support for their petition expressing concern over current political developments, known as the "July 1st Statement". Outspoken chairman of the 30-million strong Nahdlatul Ulama (NU) Abdurrahman Wahid said here on Tuesday that he and the other signatories of the petition will distribute over five million forms to the general public.

Beeper rivalry leads to price war

Beeper rivalry leads to price war JAKARTA (JP): Even though the government has set minimum subscription fees for radio paging services, several beeper operators are currently attempting to cope with the increasing competition by offering lower fees.

Cardinal Sin in hospital

Cardinal Sin in hospital MANILA (Reuter): The Philippines' top churchman, Cardinal Jaime Sin, is in hospital for a "mild kidney malfunction" but is not in danger, officials of the Catholic church said yesterday. The Manila archbishop, who played a key role in ousting late president Ferdinand Marcos during a "people power" revolt in 1986, has been treated at a Manila hospital since Sunday, they said.

Motor vehicle thieves nabbed

Motor vehicle thieves nabbed JAKARTA (JP): Police have arrested a group of motor vehicle thieves who operate in South Jakarta, Central Jakarta and Tangerang. In a preliminary interrogation the alleged thieves admitted to stealing 15 motorcycles, a sedan and a minivan, Central Jakarta Police Chief Abubakar Nataprawira said on Wednesday.

Land certificates to be handed over

Land certificates to be handed over JAKARTA (JP): Minister of Agrarian Affairs/Chairman of the National Land Agency Soni Harsono and Governor Surjadi Soedirdja will hand over 3,000 land certificates to individuals and social and religious institutions next Wednesday. According to the head of the Jakarta office of the agency, H.

New rights office gets 100 clients

New rights office gets 100 clients DILI, East Timor: Only a day after it was opened, the Dili office of the National Commission on Human Rights is already swamped with grievances. Antara reported that the office received complaints yesterday from 100 former soldiers of the Portuguese military who claimed the government had failed to keep its promise to recruit them as civil servants.