Indonesian Political, Business & Finance News

Archive: 20 July 1996

55 articles found

ASEAN ministers embark on significant meeting

ASEAN ministers embark on significant meeting JAKARTA (JP): While it would be a little extravagant to describe the 29th ASEAN Ministerial Meeting (AMM) as having special importance, it does have added significance compared to previous ones. For this AMM comes between two ASEAN leaders meetings; the summit in Bangkok last year and the informal summit coming up here later this year, and four months after the inaugural meeting between Asian and European heads of state.

ASEAN may speed up regional free trade

ASEAN may speed up regional free trade JAKARTA (JP): The Association of Southeast Asian Nations (ASEAN) is set to implement the ASEAN Free Trade Area (AFTA) by the year 2000, speeding up targeted tariff reductions by three years. Indonesian, Thai and Filipino officials yesterday expressed their optimism about the acceleration of the regional free trade program.

Ramos upset over peace plan progress

Ramos upset over peace plan progress MANILA (AFP): President Fidel Ramos yesterday accused political leaders in the southern Philippines of formenting resistance against a planned peace agreement with Moslem insurgents.

A single female's story

A single female's story I have been coming to Indonesia since I was 15 and staying for significant periods of time, usually as a student. I am now 23 and dearly love Indonesia for all its variety and contrasts. However I am finding it increasingly difficult to live here as a "Single White Female" (SWF).

PON participants decreased by 100

PON participants decreased by 100 JAKARTA (JP): The 14th National Games (PON) organizing committee announced yesterday that the number of participating athletes has decreased by 100 from the original 5,049 athletes. Eddy Widodo, the committee's secretary-general, told a press conference that some provinces had decided to cut their contingents due to their slim chances of winning medals in the Games, slated here between Sept. 9 and Sept.

Lampung coffee prices plunge

Lampung coffee prices plunge JAKARTA (JP): Prices of Lampung's robusta coffee have plunged over the last two months, just before the end of the harvesting season in the province's major production areas. Prices of medium-quality coffee yesterday reached a low of Rp 2,600 (US$1.13) per kilogram, compared to Rp 3,550 in the beginning of June.

Five die in train collision

Five die in train collision BANDUNG, West Java: Five people died and one was seriously injured when two trains collided at dawn yesterday in Purwakarta. The rail traffic connecting Jakarta and Bandung was consequently halted for about ten hours. The accident took place only 100 meters from the Purwakarta railway station, on the track connecting it with Sadang station. The locomotive of one of the trains was seriously damaged and the five workers inside it died instantly.

KL launches capital fund

KL launches capital fund KUALA LUMPUR (AFP): The Malaysian Technology Development Corp. has launched a 50-million-ringgit (US$20-million) venture capital fund to help native Malays and other indigenous groups acquire equity in high-growth firms, a newspaper said yesterday. The Sumber Modal Satu Bhd. fund will enable the so-called bumiputeras to invest in companies which have the potential for listing on the local bourse within two to three years, the Business Times said.

RP sugar millers plan land conversion

RP sugar millers plan land conversion BACOLOD, Philippines (Reuter): Philippine sugar millers said they planned to turn at least some of their land into industrial estates amid declining productivity and a more open global trading environment. "Six millers have plans to put up industrial estates," Philippine Sugar Millers Association (PSMA) executive director Jose Maria Zabaleta told Reuters.

Strong initiative needed to solve Kashmir dispute

Strong initiative needed to solve Kashmir dispute By G.S. Edwin JAKARTA (JP): Kashmir, a princely state under British rule, became a state of India when the Maharaja of Kashmir signed the Instrument of Accession in 1947. This was not recognized by Pakistan. Consequently, a tug-of- war broke out between India and Pakistan which ended up in a war. The UN Security Council ordered a cease-fire in 1949 and proposed a plebiscite to resolve the issue as per the wishes of the people of the state.

Perspective members get computer assistance

Perspective members get computer assistance JAKARTA (JP): In an effort to keep up with the rapid pace of technological development, two prospective members of ASEAN, Cambodia and Laos, were presented with computer equipment yesterday. In separate ceremonies at the ASEAN Secretariat, Digital Equipment's vice-president for the ASEAN region, Graham Long, presented the computers to Cambodian Foreign Minister Ung Huot and Laotian Foreign Minister Somsavat Lengsavad.

Councilor charged

Councilor charged DILI, East Timor: Prosecutors are seeking a four-year prison term for a Manatuto regency councilor accused of making a "molotov cocktail" bomb for a demonstration last year. "He should be held responsible for his subversive activities," prosecutor Indro Pramono was quoted by Antara as saying on Thursday. The defendant's attorney, Arnoldus, said in a previous court session that the councilor only planned on making a bomb but that he had not actually carried it out.

Pastors should also act as managers, says official

Pastors should also act as managers, says official JAKARTA (JP): Experts said yesterday that better managed religious services are needed to help congregations cope with changes brought on by economic and technological developments. "Religious services should be conducted in ways sensitive to plurality and religious freedom, but also based on good management principles," said Jan Kawatu, the director general overseeing Protestant affairs for the Ministry of Religious Affairs.

Six airliners delay shared ticketing

Six airliners delay shared ticketing JAKARTA (JP): Tough discussions among the country's six airlines are likely to delay until next year the introduction of the domestic air ticketing system, which will allow passengers to fly with any airline once they have bought a ticket.

Hypnotism is transfixing Jakarta

Hypnotism is transfixing Jakarta JAKARTA (JP): City residents are worried about the growth in crime committed by men and women, armed only with words to daze and deceive their victims. In a recent interview with The Jakarta Post, several victims urged the police to take immediate action to stop these people, who have started preying on poorer people from the villages.

TV today

TV today TVRI 2:30 p.m Travel: Wajah Negeriku (My Country) 2:35 TV Series: Gaiking 3:05 Sports Program: Dunhill League 4:55 Filler and Trailer 5:00 News Program 5:25 Travel: Wajah Negeriku (My Country) 5:30 Environment: Industri Berwawasan Lingkungan 6:05 Around the Archipelago: East Kalimantan 6:15 Village Program 6:30 Education: Paket 27 7:00 Evening News 7:30 TV Drama: Meniti Pelangi 8:05 Music: Malam Minggu 9:00 World News 9:30 Journal Sport: Olympiade in Atlanta 10:30 Late News 10:40 Film:...

MAG factory to start production

MAG factory to start production JAKARTA (JP): PT MAG Indonesia Citra, a wholly-owned subsidiary of MAG Technology Co. Ltd. of Taiwan, said yesterday that it has completed the construction of its Indonesian factory with a production capacity of 100,000 computer monitors a month. A company director, Soh Sie Teng, said that the firm will hold an opening ceremony for the factory, which is equipped with four production lines, on July 31.

Asia-Pacific region gets most WB loans

Asia-Pacific region gets most WB loans HONG KONG (Reuter): The East Asia and Pacific region was the top recipient of World Bank loans in the fiscal year ended June 30, receiving US$5.42 billion, or 25 percent, of the US$21.4 billion in total lending, the Bank said yesterday.

Bank Papan mandates loan

Bank Papan mandates loan HONG KONG (Reuter): Indonesia's PT Bank Papan Sajahtera has mandated West Merchant Bank and West LB Asia Pacific to arrange a US$18 million floating rate Euronote issue, West Merchant Bank said yesterday. The two-year facility can be put or called at par after the first year. It pays a margin of 90 basis points over the three-month Singapore Interbank Offered Rate. Participation fees are between 30 and 40 basis points depending on the commitment level.

Wahono warns of hypocrisy

Wahono warns of hypocrisy JAKARTA (JP): House Speaker Wahono warned the nation yesterday against "a culture of hypocrisy" which he said was affecting much of Indonesian society, including its elite. "We have seen lately the signs of the culture of hypocrisy which is sweeping across the Indonesian community, including its leaders who say one thing and then do another," he told the House of Representatives' plenary session which marked the end of its fourth sitting for 1995-1996.

Suu Kyi, in trouble, remembers martyrs

Suu Kyi, in trouble, remembers martyrs YANGON (Reuter): Myanmar's democracy leader Aung San Suu Kyi yesterday made a low-key appearance at an official Martyrs' Day ceremony as state-run media attacked her for urging the West to impose economic sanctions on Myanmar. A solemn-looking Suu Kyi, dressed in a black traditional longyi (sarong), a white blouse and black shawl, placed three baskets of flowers at her father's tomb at the Martyrs' Mausoleum, bowed before it and then left the ceremony.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on July 19, 1996: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 925 25 20,000 AHAP Insurance 2,700 0 0 Alumindo Perkasa 675 0 0 Andayani Megah 1,250 -25 739,000 Aneka Kimia Raya 3,725 0 75,000 Anwar Sierad 2,000 0 196,500 Aqua Golden Mississippi 2,300 0 0 Argha Karya Prima Industry 3,100 50 118,500 Argo Pantes 1,975 0 0 Asahimas Flat 2,050 -25 243,000 Asiana IMI...

Summit invitations unconfirmed

Summit invitations unconfirmed JAKARTA (JP): A top ASEAN official said yesterday that there had been no confirmation on whether Cambodia, Laos and Myanmar would be invited to the informal ASEAN summit in Bogor in December. ASEAN Secretary General Dato Ajit Singh said he could not say whether the three prospective members of ASEAN would be invited in December. He said there would be meetings to arrange the summit that would decide whether Cambodia, Laos and Myanmar could attend.

EC vice president to attend ASEAN talks

EC vice president to attend ASEAN talks JAKARTA (JP): European Commission (EC) Vice President Manuel Marin is due to arrive here on Monday to participate in the ASEAN Regional Forum and the ASEAN post ministerial meeting. The European Commission representative in Jakarta said yesterday that Marin will also hold bilateral talks with Indonesian Minister of Foreign Affairs Ali Alatas and other cabinet ministers. He may also meet with President Soeharto on July 26.

Badminton champion faces difficult draw

Badminton champion faces difficult draw JAKARTA (JP): Defending champion Alan Budikusuma received a challenging draw for the Olympic Games badminton competition in Atlanta next week, with a possible quarterfinal match against second seed Poul-Erik Hoyer-Larsen of Denmark. If the Indonesian joint fifth seed clears his Danish hurdle, he is likely to play compatriot and world champion Hariyanto Arbi, who is seeded third together with Dong Jiong of China.

Pefindo ties up with S&P

Pefindo ties up with S&P JAKARTA (JP): Pefindo, Indonesia's only rating agency, will receive technical assistance from Standard & Poor's, an international rating company. A Pefindo director, Urip Suprodjo, said that the agreement on technical assistance with Standard & Poor's would be signed here on July 22. He said Pefindo has so far cooperated with a number of international rating agencies in improving the quality of its ratings.

KL probes anti-dumping

KL probes anti-dumping KUALA LUMPUR (AFP): Malaysia launched an anti-dumping probe yesterday concerning imports of "self copy paper" from France, the United Kingdom and Indonesia. The Ministry of International Trade and Industry said it had received a joint petition from two local firms that these countries were selling the products here at a price much lower than in their domestic markets. Self copy paper allows writing to be copied between two sheets without the use of carbon paper.

Planned cemetery move meets protest

Planned cemetery move meets protest JAKARTA (JP): A faction of the city council urged the city administration yesterday to cancel the plan to relocate the Sanjaya community cemetery in South Jakarta. The spokesman of the United Development Party faction, Muhammad Rodja, said the relocation plan, which is based on the ruislag barter system, should be canceled because the land does not belong to the city administration.

Court renounces 'outsiders' opinion'

Court renounces 'outsiders' opinion' JAKARTA (JP): The Supreme Court renounced yesterday the opinion that Chief Justice Soerjono's insistence on firing deputy Chief Justice for General Crimes Adi Andojo Soetjipto has put President Soeharto in a difficult position. "There is no such term as 'cornering the President'. This is merely the opinion of outsiders," Toton Suprapto, the Court's spokesman, told reporters yesterday.

Student arrested for fake money

Student arrested for fake money MEDAN, North Sumatra: A medical student has been brought to court for counterfeiting, Antara reported yesterday. The student, identified only as SS, allegedly printed 1,400 fake Rp 10,000 (US$4,3) bills. No reports have been issued as to the punishment sought by prosecutor M. Sihotang. SS reportedly tried to buy some fruit with the counterfeit money at Lubuk Pakam market in Deli Serdang in February.

Three die in helicopter crash

Three die in helicopter crash MANILA (Reuter): A Philippine Air Force UH-1H helicopter crashed into a riverbank in the northern Philippines yesterday, killing three people on board. An official of the government's Air Transportation Office said the pilot, the co-pilot and a crew member died. Two crew members were injured and are in hospital, he said. The helicopter crashed in Rosario town in La Union province, 190 kilometers north of Manila.

Schedule for ASEAN Ministerial Meeting

Schedule for ASEAN Ministerial Meeting July 20 - The ASEAN Foreign Ministers, accompanied by Indonesian Foreign Minister Ali Alatas, have a 20-minute audience with President Soeharto at Merdeka Palace followed by the opening ceremony at the State Palace. - After lunch, the Foreign Ministers go to the Jakarta Convention Center for a ceremony welcoming Myanmar as an ASEAN observer. The official start of the 29th ASEAN Ministerial Meeting then follows.

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.

Primary schools close due to few students

Primary schools close due to few students JAKARTA (JP): The city administration closed 107 state-owned primary schools between 1988 and 1995 because of declining student numbers; many of the schools' sites now contain office buildings. The head of the education and teaching agency's city office, Soeparmo, told Antara on Thursday that primary schools which operated in the afternoon would continue to be closed.

Headquarters

Headquarters Lawyers lash out at military over PDI headquarters. Page 2 PDI PDI rift reveals political vexation. Page 4 Kashmir Strong initiative needed to solve Kashmir dispute. Page 6 Sri Lanka Tamil Tigers claim to have killed 400 soldiers in latest attack. Page 7 Wine Fermenting wine is Austria's new sound of music. Page 9 Gas South Korea imports more natural gas from Indonesia. Page 10 Growth Slowdown in Asia-Pacific growth confirmed. Page 11 NBA O' Neal signs with Lakers in big deal.

Birthday boy Mandela entertains disabled kids at huge birthday

Birthday boy Mandela entertains disabled kids at huge birthday party HILTON, South Africa (AFP): President Nelson Mandela yesterday turned entertainer to celebrate his 78th birthday and treated 2,000 disabled children to a party they will never forget.

Church Services

Church Services * Catholic Church, University of Atmajaya, Jl. Jend. Sudirman: Saturday 5:30 p.m., Sunday, 9 a.m., 10:30 a.m. (with songs) and 5:30 p.m. * First Church of Christ, Scientist, Jl. Teuku Cik Ditiro 48, Menteng, Central Jakarta: Services on Sunday at 9:30 a.m. (in Indonesian) and 8 a.m. (in English). * All Saints' Anglican Church (opposite The Aryaduta Jakarta), Jl. Arif Rahman Hakim No. 5, Central Jakarta: Services on Sunday at 7:30 a.m., 9 a.m. with Sunday School.

Spoiling Bali

Spoiling Bali Recently the magnificent calm and beauty of the Ayung Valley, west of Ubud, Bali, has been ruined by the construction of a new Four Seasons Hotel. The pristine valley, bisected by the Sungai Ayung, and home to numerous birds and reptiles, is now scarred with bright orange and blue plastic and walls of scaffold; the design philosophy of Frank Lloyd Wright giving way to the tacky "edifice complexes" of Indonesian hotel developers.

Jesse Jackson to press ASEAN over labor rights

Jesse Jackson to press ASEAN over labor rights JAKARTA (AFP): U.S. civil rights activist Reverend Jesse Jackson arrived here yesterday to make his case for a controversial trade-labor linkage with ASEAN foreign ministers meeting here this weekend. Jackson, complaining that jobs were being lost in the United States because of competition from products made in Asia, said he would lobby for uniform global labor rights during his stay in the Indonesian capital.

Sodomized boys detained

Sodomized boys detained JAKARTA (JP): The police have concluded that six of the 17 male street children they detained on Thursday night in Central Jakarta had been sodomized. Central Jakarta Police Chief Lt. Col. Abubakar Nataprawira said the boys were arrested in public places, including the Istiqlal mosque and the Senen and Sawah Besar railway stations. "Our medical team found that six of the boys had been sodomized," Abubakar said yesterday.

Computers for Laos, Cambodia

Computers for Laos, Cambodia JAKARTA (JP): In an effort to keep up with the rapid pace of technological development, two perspective members of ASEAN, Cambodia and Laos, were presented with computer equipment yesterday. In separate ceremonies at the ASEAN Secretariat, Digital Equipment's vice-president for the ASEAN region, Graham Long, presented the computers to Cambodian Foreign Minister Ung Huot and Laotian Foreign Minister Somsavat Lengsavad.

Road repair evicts residents

Road repair evicts residents TANGERANG, West Java (JP): The local authorities have evicted squatters along the road by the Cidurian waterway in Pasar Kemis, Tangerang. The local officials said they had no choice but to pull down the squatters' houses along the almost two-kilometer road so that it could be repaired. The squatters' have protested their evictions, saying that demolition was carried out in the interests of PT Jaya Land, the company contracted to repair the road.

Credibility boost needed

Credibility boost needed The current controversy surrounding the Supreme Court and a number of economic and political policies that have been implemented lately have raised some concern. These developments have caused both the public's sense of legal security and the government's credibility to become eroded, particularly over the question of consistency in the government's implementation of policies.

Bank won't release savings

Bank won't release savings MATARAM, West Nusa Tenggara: Graduates from four local elementary schools cannot pay their junior high school entrance fees because they are unable to withdraw their savings from Tanjung Abdi Swadaya Bank. Antara reported yesterday that the bank was unable to pay out the students' combined savings of Rp 25 million. The students are from the Tanjung district in West Lombok regency. Head of the provincial office of education and culture H.

Hawkers in Kuta a nuisance

Hawkers in Kuta a nuisance I'd like to start by thanking The Jakarta Post for a truly enjoyable newspaper. I've been reading it for a year and urge you to keep up the good work. Unfortunately my letter is another Bali ache about the street hawkers in Kuta. I think Bali is a great tourist destination that is being ruined by the growing hoards of street hawkers that hassle and hound all who go there. On my last trip I saw an elderly couple cornered by a bunch of young street hawkers.

Beware of city's notorious intinerant criminal hypnotists

Beware of city's notorious intinerant criminal hypnotists JAKARTA (JP): Several thousand people across the country have recently reported to have been victims of chicanery, losing large sums of money and much jewelry after being put into a trance by the criminals. According to experts, such nonviolent crime is believed to have been committed by itinerant hypnotists.

Lawyers lash out at military over PDI headquarters

Lawyers lash out at military over PDI headquarters JAKARTA (JP): Megawati Soekarnoputri's fight against the military and the government's backing of Soerjadi, who ousted her as the chief of the Indonesian Democratic Party (PDI), is continuing apace across the country. Yesterday, a team of lawyers representing her lashed out at Armed Forces Chief of Sociopolitical Affairs Lt. Gen. Syarwan Hamid for his Thursday statement that the party's headquarters on Jl.

PDI rift reveals political vexation

PDI rift reveals political vexation By Ignas Kleden JAKARTA (JP): The Indonesian Democratic Party's internal conflict and its unexpected aftermath is a reflection of both political dissatisfaction and political aspiration. Last month's government-backed Medan congress has turned out to a trigger, which has unleashed nationwide demonstrations and a denunciation of the legitimacy of elected party chief Soerjadi.

Perspective members get computer assistance

Perspective members get computer assistance JAKARTA (JP): In an effort to keep up with the rapid pace of technological development, two prospective members of ASEAN, Cambodia and Laos, were presented with computer equipment yesterday. In separate ceremonies at the ASEAN Secretariat, Digital Equipment's vice-president for the ASEAN region, Graham Long, presented the computers to Cambodian Foreign Minister Ung Huot and Laotian Foreign Minister Somsavat Lengsavad.

S. Korea imports more natural gas from Indonesia

S. Korea imports more natural gas from Indonesia JAKARTA (JP): South Korea will buy an additional 3.92 million tons of liquefied natural gas (LNG) worth about US$600 million from Indonesia during the period of 1996 to 1999. State-owned oil company Pertamina's president, Faisal Abda'oe, and Korea Gas Corporation's president, Han Kap Soo, signed a contract for the additional purchase of LNG in Kuta, Bali, yesterday.

RI lobbies USA and Japan over car policy

RI lobbies USA and Japan over car policy JAKARTA (JP): Indonesia will continue to lobby the United States and Japan to ensure that its controversial national car policy will not end up in front of the World Trade Organization (WTO), a senior minister said yesterday. Minister of Industry and Trade Tunky Ariwibowo said that the government will continue to talk with Japanese and U.S. trade officials to amicably settle differences of opinions on the car policy.

Utut, Hickl share laurels in chess meet

Utut, Hickl share laurels in chess meet JAKARTA (JP): Home favorite Utut Adianto clawed his way back to win the decisive match on the final day of the BNI international chess tournament yesterday. His impressive 25-move victory over England's grandmaster Julian Hodgson put the Indonesian on top of the standings on 8 points, sharing the laurels with German grandmaster Joerg Hickl. Overnight leader Hickl ended the tournament by drawing with Chinese grandmaster Ye Jiangchun.

Bureaucrats' role key to end discrimination

Bureaucrats' role key to end discrimination JAKARTA (JP): A legal expert welcomes the recently issued presidential decree which aims at eradicating discrimination against people of Chinese descent, but notes that its success will largely depend on bureaucrats' political will. "It's the bureaucrats with low morality who have taken advantage of legal procedures to make things more difficult for the ethnic Chinese," Harry Tjan Silalahi told The Jakarta Post yesterday.

Myanmar defends rights record and calls for mutual respect

Myanmar defends rights record and calls for mutual respect JAKARTA (JP): Myanmarese foreign minister U Ohn Gyaw defended his country's human rights record yesterday, defining its most important elements as the provision of food, clothing and shelter. "Basically human rights values (in Myanmar) are like those in most Asian countries: food, clothing and shelter," Ohn Gyaw told journalists.

Child workers under health threats: ILO

Child workers under health threats: ILO JAKARTA (JP): A local official of the International Labor Organization (ILO) called for greater public attention toward child workers, whose daily activities expose them to grave health and safety threats. Pandji Putranto, the national program coordinator for the International Program on the Elimination of Child Labor, named two kinds of labor that place children particularly at risk. The two are agriculture works and domestic works.