Indonesian Political, Business & Finance News

Archive: 3 July 1996

55 articles found

All Steady Safe buses suspended

All Steady Safe buses suspended JAKARTA (JP): The Land Transportation Control Agency (DLLAJR) will temporarily revoke the operation permits of all Steady Safe bus fleets today for repeatedly breaching city regulations, city administration spokesman Soesila Darmoadji said yesterday. DLLAJR chief J.P.

Students take Islamic course during holidays

Students take Islamic course during holidays By Fitriyanti Djoni JAKARTA (JP): Most teachers send students off on their annual school holiday with a message that they spend their time wisely and engage only in activities which are educational and beneficial. Parents, too, wish their children would engage in such activities, which preferably would last up to the end of the holiday.

Youths question military presence in East Timor

Youths question military presence in East Timor By T. Sima Gunawan DILI, East Timor (JP): East Timorese Catholic youths questioned yesterday the presence of the military and its "excessive" authority over the region. "How come it's always the army who handles everything here? What kind of authority does it have in East Timor," a young man said. "It should be the police who have greater authority (on maintaining security and order) here, not the army," another said.

Cambodian police chief here to forge ties

Cambodian police chief here to forge ties JAKARTA (JP): Cambodian Police Chief, Lt. Gen. Hok Lundy, and five senior officers visited the Jakarta Metropolitan Police headquarters on Jl. Gatot Subroto, South Jakarta yesterday to forge closer cooperation and assistance with the Indonesian police.

Singapore port goes overseas

Singapore port goes overseas SINGAPORE (AFP): The Port of Singapore Authority (PSA), looking for sources of growth beyond the tiny island, launched yesterday its first international port venture in Dalian, China. Singapore Communications Minister Mah Bow Tan, who officiated at the opening, called the Dalian Container Terminal "another milestone" in relations between China and Singapore.

Reclamation project

Reclamation project JAKARTA (JP): Belgian-based Dredging International has won the contract for reclamation of a 55-hectare area at Ancol Barat in North Jakarta. The area to be reclaimed is located west of the port at Tanjung Priok and is allotted for residential and industrial development. The project will be jointly undertaken by Dredging International and two local contractors, PT Jaya Konstruksi and PT Sac Nusantara. The project's client is PT Pembangunan Jaya.

Freeport never cheated Irian tribes: Official

Freeport never cheated Irian tribes: Official JAKARTA (JP): A senior official of PT Freeport Indonesia yesterday denied charges that the giant gold and copper mining company had cheated local Irianese in its trust fund deal. "We have never cheated the local Amungme and Komoro people on the amount of the trust fund to be allocated for them," Paul S. Murphy, vice president of PT Freeport Indonesia, said in a press conference. Murphy was commenting on the accusation by Martin E.

Officials warned over sale of 'wakaf' land

Officials warned over sale of 'wakaf' land TANGERANG, West Java (JP): Those involved in the sale of a wakaf plot of land -- including the Kadu village chief, the subdistrict chief and an official from the regency's inspectorate office -- should be held responsible for their actions, the local administration's spokeswoman said yesterday.

Japanese bank's loans to RI

Japanese bank's loans to RI TOKYO (Reuter): The Export-Import Bank of Japan has agreed with the Indonesian government to make 53 billion yen of untied loans to private corporations in Indonesia, including venture businesses, a bank official said yesterday. It will be the first time the bank has financed Indonesian venture businesses, although it has made several loans to private Indonesian corporations via Indonesian government organizations, the official said.

RI studies report on Aussie journos' death

RI studies report on Aussie journos' death JAKARTA (JP): The government said yesterday it was "carefully studying" a report alleging its troops killed five Australian journalists in East Timor in 1975. Minister of Foreign Affairs, Ali Alatas, said the Australian Government's report, on initial inspection, contained no new evidence. He also maintained that Canberra has not demanded an official reply from Jakarta on the report.

Rapid growth raises fears

Rapid growth raises fears KUALA LUMPUR (AFP): Malaysia's economic policies will allow 1996 growth to exceed the central bank's 8.3 percent target, triggering possible concerns about stability, a foreign research firm said yesterday. With excessive growth, the current account deficit would remain high at 8.1 percent of gross national product and underlying inflationary pressures were likely to escalate, Crosby Securities said in a report.

New reason for Timika shooting

New reason for Timika shooting JAKARTA (JP): Armed Forces (ABRI) Chief Gen. Feisal Tanjung said yesterday that the soldier who shot dead 16 people, mostly soldiers, in Irian Jaya in April was suffering "mental stress", not tropical malaria as originally stated by a preliminary investigation. According to Feisal, Second Lt. Sanurip started shooting after his request to help take the bodies of two soldiers from Timika to Sorong was rejected.

Lawyer threatens hunger strike for Adi Andojo

Lawyer threatens hunger strike for Adi Andojo JAKARTA (JP): Moral support for Justice Adi Andojo Soetjipto, now facing dismissal for his public allegations of corruption on the Supreme Court, continued pouring in yesterday. A Jakarta-based lawyer threatened to go on a hunger strike on the premises of the Supreme Court if President Soeharto endorses Chief Justice Soerjono's proposal to fire Adi.

Cotton spinners told to seek new suppliers

Cotton spinners told to seek new suppliers JAKARTA (JP): The newly-established Indonesian Cotton Consumer Club (ICCC) called on its members yesterday to seek new cotton suppliers from the United States other than Calcot Ltd. "If Calcot does not guarantee that it will not again send defective cotton, which is infected by cavitoma, honeydew or other contaminants, ICCC members should review their trade relations with that U.S. company and find other suppliers," said club chairman Soeripto.

Spotlight

Spotlight Photo A: Cocktail JP/byi COCKTAIL PARTY: Ibnu Sutowo, former president of the state-owned oil company Pertamina (second from left), chatting with RH Betts, former director and adviser to the Indonesian program of the World Wide Fund for Nature (second from right) and her husband (left) and Julius Tahija from Caltex (right) during a cocktail party. The event was held to honor Betts at Jakarta's Grand Hyatt Hotel last weekend.

Tourism target questioned by experts

Tourism target questioned by experts JAKARTA (JP): A meeting of the Indonesian Hotel and Restaurant Association questioned the country's ability to attract the government's target of over 11 million tourists in 2005, spending US$15 billion. Two of University of Indonesia's economists, Sri Mulyani Indrawati and Dorodjatun Kuntjoro-Jakti, told yesterday's meeting that Indonesia should work tactfully to realize its target.

Regent's directive needed

Regent's directive needed TANGERANG, West Java (JP): A Tangerang regency regulation issued last year on a levy imposed on privately-owned market building owners has yet to be enforced, pending the regent's directive. The head of the Tangerang Market Authority, Bunyamin, said yesterday that the market authority, which is responsible for enforcing the regulation, has done nothing due to the absence of the directive.

Indonesia Air Show

Indonesia Air Show From Media Indonesia Everybody knows that Indonesia is now making serious efforts towards building industries using sophisticated technology, particularly in the field of aviation. The air show should have aimed to educate young people about aviation. Did the committee work towards this? Enhancing the intellectual life of the nation is enshrined in the preamble of the 1945 Constitution.

Expats to be given property rights

Expats to be given property rights JAKARTA (JP): Minister of Public Housing Akbar Tandjung said yesterday that his office is now preparing guidelines for property ownership by foreigners. "No property transaction by foreigners will be allowed before the guidelines are issued," Akbar told journalists after a hearing with the House of Representatives Commission V for housing, transportation and tourism.

Carting meet at Sentul

Carting meet at Sentul JAKARTA (JP): A Five-leg carting championship will be held at a newly built carting circuit of international standards in Sentul, West Java, Trendypromo Mandira announced yesterday. The championship, which is being promoted by Trendypromo Mandira, will feature six classes and offer Rp 8 million (US$3,415.8) in prize money for each leg. The first leg will begin on July 28, the second on Sept. 22, the third on Oct. 6, the fourth on Nov.

Organized crime is here

Organized crime is here President Soeharto on Monday asked the National Police to address the problem of organized crime. In his speech marking the force's 50th anniversary, Soeharto said our police should devote special attention to the issue, looking not only at the growing number of organized criminal activities, but more particularly at the sophistication of their planning, organization and execution.

Violating night spots to be shut down

Violating night spots to be shut down JAKARTA (JP): The public order office will continue taking firm action against establishments that violate city regulations. Kusaeni Budiantoro, who heads the office, said yesterday that his office will not act based on the common procedure, which requires the office to issue three warnings before closing down an establishment. "We cannot tolerate them any longer.

Espinosa vows to knock out Mexican challenger Soto

Espinosa vows to knock out Mexican challenger Soto MANILA (AFP): World Boxing Council featherweight champion Luisito Espinosa of the Philippines vowed yesterday to knock out challenger Cesar Soto in the fifth round here Saturday to make him his third Mexican victim in seven months. Soto, a 23-year-old brawler from Juarez, dished out his own jab at a fight preview, saying he wants to finish off Espinosa early to attend a celebration awaiting him in his hometown.

TV replaces absent parents as role models in Philippines

TV replaces absent parents as role models in Philippines MANILA (AFP): In the Philippines, child viewers are making role models out of television programs as they turn to the "idiot box" to compensate for absent parents -- usually working as maids abroad. And in Indonesia, out of the top 15 children's' favorite programs, eight are considered "adult" fare.

Prison island opens for tourits

Prison island opens for tourits CILACAP, Central Java: Nusakambangan, feared as a dreaded prison island where hardcore criminals are locked up, was officially opened to tourists over the weekend. Unlike other tourist attraction, Nusakambangan is "special" in that visitors get an escort from the local justice ministry office. Visitors have to come in groups. Coordinating Minister for Political Affairs and Security Gen.

Foreign shuttlers win in Bumiputera meet

Foreign shuttlers win in Bumiputera meet JAKARTA (JP): Teen shuttlers from Chinese Taipei, Malaysia, India and Denmark notched first-round wins over their minnow hosts on the first day of the Bumiputera Open Badminton Championships at Senayan Badminton Hall yesterday evening. Until 6 p.m. yesterday, a string of foreign shuttlers' victories over the hosts seemed drawn out in the boy's singles under-18 competitions. Frederik Kokler of Denmark routed Khairunas 15-1, 15-2.

Megawati barred from 1997 poll

Megawati barred from 1997 poll JAKARTA (JP): The government made it clear yesterday that embattled chief of the minority Indonesian Democratic Party (PDI), Megawati Soekarnoputri, will be barred from next year's general election. Minister of Home Affairs, Moch. Yogie S.M., told reporters yesterday that the legitimate PDI representative for the poll is Soerjadi's executive board, elected at the government-sponsored congress last month; a congress which Megawati rejects as unconstitutional.

Borobudur temple

Borobudur temple From Kompas The Borobudur Temple in Central Java is popularly regarded as one of the seven wonders of the world. But in some reference books, it is never referred to in that way. In spite of this, Borobudur continues to attract foreign tourists. This fact has convinced Unesco to consider it worthwhile to renovate the temple. BUDI SANTOSO Rembang, Central Java

One arrested, two queried over Green Garden killing

One arrested, two queried over Green Garden killing JAKARTA (JP): A 27-year-old man has been arrested by West Jakarta police for allegedly killing a man believed to be a foreigner at the Green Garden housing complex in the Kedoya Utara subdistrict of Kebon Jeruk. The suspect, identified only as Acung, was arrested by detectives a few hours after police were informed about the killing, West Jakarta Police Chief Lt. Col. Andi Chaeruddin said yesterday.

Wardiman to open Edufair

Wardiman to open Edufair JAKARTA (JP): Minister of Education and Culture Wardiman Djojonegoro is scheduled to open a four-day education fair called Edufair Jakarta '96, which will take place at the lower lobby of the Jakarta Convention Center. The fair, scheduled to begin on July 4, is in celebration of National Children's Day, which falls on July 22.

Pertamina asks government to review gas subsidy

Pertamina asks government to review gas subsidy JAKARTA (JP): The state-owned oil company Pertamina urged the government yesterday to review gas utilization subsidies, saying that they are likely to discourage gas exploration and disturb Indonesia's gas supply. "If we leave it in such a way we'll be in a very difficult condition in five years," Pertamina's president, Faisal Abda'oe, said in a hearing with the House of Representatives Budgetary Commission.

Lippo Securities

Lippo Securities Correction: In the July 1 article Lippo to issue rights shares on page 10, the second paragraph should have read "... shareholders, registered as of July 12, can subscribe to three new shares for every two existing shares," instead of "for every share".

Golkar foresees landslide win in 1997

Golkar foresees landslide win in 1997 SEMARANG (JP): Top leaders of the ruling party Golkar are predicting a landslide victory in next year's general election. However, an intellectual warned contestants yesterday that electoral victory, no matter by how big a margin, would be morally useless if it is gained through coercive means. Golkar chief Harmoko and his deputy Siti Hardiyanti Rukmana separately asked cadres to work hard to ensure a big win for the political organization.

Sumitomo in mine deal

Sumitomo in mine deal TOKYO (Reuter): Japan's Sumitomo Corp said yesterday that it and Newmont Mining Corp of the United States had signed an agreement to develop the Batu Hijau copper/gold deposit in Indonesia. In March, Sumitomo and Newmont announced they had signed an agreement in principle to develop, finance and operate the Batu Hijau deposit, which has estimated resources of 11.2 billion pounds of copper and 14.7 million ounces of gold.

Three people testify in Kramatdjati Bus trial

Three people testify in Kramatdjati Bus trial BOGOR, West Java (JP): Three people taking the witness stand at the trial of a Kramatdjati bus driver charged with murder told the Bogor District Court on Monday that the driver had been negligent when driving. Ade Sofyan bin Jubaidi, the bus conductor, told the court presided over by Usman Wahab that the bus began to veer to the left at high speed as it entered Cibubur, East Jakarta.

Dengue fever

Dengue fever I'd like to respond to two items recently discussed in The Jakarta Post. First, regarding the decision by the city fathers to keep silent about the wave of dengue fever sweeping Jakarta so that the number of tourists coming here will not be affected.

Quality of water upsets residents

Quality of water upsets residents TANGERANG (JP): Residents in the Bumi Kelapa Dua complex in Curug district have been complaining since Monday about the quality of water supplied to their houses by the state-owned tap water company PDAM. "I was really surprised when I saw that the color of the drinking water had changed into light brown in the morning," said housewife Wati yesterday.

Spanish aid

Spanish aid I read in your newspaper on Friday, June 21, 1996, about the pledges by members of the Consultative Group for Indonesia. Unfortunately -- and I suppose by mistake -- your paper omitted Spain's pledge of US$62.5 million in the Paris meeting. I would really appreciate if you could include this information in The Jakarta Post, as I believe your readers would be interested to know that Spain has increased its commitment to Indonesia at a time when other countries are reducing theirs.

Protests challenge the government

Protests challenge the government Following the controversial government-backed congress of the tiny Indonesian Democratic Party in Medan last month, street demonstrations have been held in Jakarta and other cities. Sociologist Kastorius Sinaga comments on possible developments. JAKARTA (JP): The rift befalling the Indonesian Democratic Party, which was first limited to its leadership and mainly an internal issue, has now assumed grotesque proportions.

10,000 illegal workers deported

10,000 illegal workers deported PEKANBARU, Riau: Nearly 10,000 Indonesians deported by Malaysia arrived at Dumai port between January and April this year, a local official said yesterday. A spokesman for the Riau immigration office Sudarjono said that several thousand other illegal Indonesian workers are awaiting repatriation through the same port. This week, about 500 workers are expected to arrive from the prospering neighbor, he said as quoted by Antara.

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.

Embattled Thai bank governor resigns

Embattled Thai bank governor resigns BANGKOK (AFP): Thailand's embattled central bank chief, Vijit Supinit, resigned yesterday after months of rumors and growing criticism about his handling of a commercial bank scandal. His credibility rocked by a sequence of controversies, ranging from personal share purchases to the sacking of his former deputy, Vijit was under mounting political pressure to move over, market analysts said. "There has been a cloud of bad news following him about.

Institute to hold research contest

Institute to hold research contest JAKARTA (JP): The Indonesian Institute of Sciences will hold a research proposal contest for winners of its annual Young Scientist Contest. John Pasaribu of the institute's science and technology department said here yesterday that 16 promising scientists will gather here on August 5 for interviews.

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: Tiada Pilihan 4:30 Documentary 5:00 Evening News 5:30 Indonesian Lessons 6:00 News: Lintasan Berita 6:05 Nusantara, the Beloved Country: West Sumatra 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 TV Drama:...

No escort, no trial

No escort, no trial DILI, East Timor: The district court here has postponed the trial of five youths charged with organizing illegal meetings because no security personnel was available to escort the defendants yesterday from the detention house. The trial of the youths, aged between 25 and 36, was rescheduled to open today, Antara reported.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on July 2, 1996: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 800 0 11,000 AHAP Insurance 2,800 0 0 Alumindo Perkasa 650 -25 22,500 Andayani Megah 1,200 25 1,319,500 Aneka Kimia Raya 3,800 0 45,000 Anwar Sierad 2,250 0 122,500 Apac Centertex 1,575 200 190,500 Aqua Golden Mississippi 2,300 0 0 Argha Karya Prima Industry 3,200 0 184,500 Argo Pantes 1,975 0 0 Asahimas...

Other ways to spend vacation days

Other ways to spend vacation days JAKARTA (JP): How do students fill their month-long school holidays? "Not everybody can join the Pesantren Kilat (Islamic short course) at my school. Only some of us can participate," said a student in Jakarta. Government and community groups have long devised programs for students on holiday. The state-owned PT Pos Indonesia postal company, for instance, hires students to do simple tasks such as sorting mail.

Japanese investment grows despite 'national car' dispute

Japanese investment grows despite 'national car' dispute JAKARTA (JP): State Minister of Investment Sanyoto Sastrowardoyo said yesterday that Japanese investments in the country continue to increase, despite Japan's objection to Indonesia's "national car" policy.

S. Korean investment abroad up

S. Korean investment abroad up SEOUL (AFP): Approvals for overseas investments by South Korean firms soared 66.7 percent year-on-year to US$2.5 billion in the January-May period, the Bank of Korea said yesterday. The five-month investment approvals for 700 offshore projects compared with $1.55 billion in 676 projects in the same period last year. The bank said investments in Asia were the most popular.

Central Bank wants bad banks acquired

Central Bank wants bad banks acquired JAKARTA (JP): Bank Indonesia is seeking investors to take over financially troubled banks, says the central bank's governor, J. Soedradjad Djiwandono. Soedradjad said that the central bank is also looking at the option of merging financially distressed banks into larger banks. He did not name the troubled banks but said that such measures should be taken immediately to sort out their financial problems.

RP Christians protest against Moro peace plan

RP Christians protest against Moro peace plan ZAMBOANGA, Philippines (AFP): Thousands of Christians staged a show of force here yesterday, laying siege to visiting President Fidel Ramos with demands to exclude them from a planned autonomy deal with Moro rebels.

Masters works on display

Masters works on display JAKARTA (JP): Le Musee Imaginaire, a celebrated association of painters, will hold an exhibition of 100 "imitated" paintings of world-famous masterpieces from July 12 to July 19 at the Jakarta Hilton Hotel's Lagoon Tower. The association's director, Karim Jallaul said yesterday that the imitated paintings on display will include the works of such masters as Picasso, Renoir, Van Gogh, Monet, Gauguin, Matisse, Rembrandt and Chagall.

S'pore oil products steady, gas oil active

S'pore oil products steady, gas oil active SINGAPORE (Reuter): Singapore oil products prices were steady yesterday with activity again centering on gas oil, traders said. Three deals were heard traded for end-July delivery at wide ranges. Two 150,000-barrel parcels were sold for July 26-30 lifting at US$25.25 per barrel fob Singapore, and another 150,000 barrels were sold at $25.70 for July 23-27 lifting. But some traders said current levels of over $25.50 seemed overpriced.

Six sports added to SEA Games' second category

Six sports added to SEA Games' second category JAKARTA (JP): Six Southeast Asian Games' sports were upgraded from its third category to its second category yesterday. A two-day SEA Games Federation council meeting, attended by nine delegates from eight countries, decided that 10-pin bowling, golf, karate, sepak takraw, soft tennis and wushu be grouped with its second category sports.

Legislators urge govt to stop timber brokers

Legislators urge govt to stop timber brokers JAKARTA (JP): Members of the House of Representatives yesterday called on the government to take stricter action against timber brokers who design plans to intentionally buy illegally-felled timber. Jasman Ismail, a member of the House's Commission IV for forestry and agricultural affairs said the problem of timber theft will never be solved unless the government breaks the vicious circle which links brokers to timber thieves.