Lippo Land shares acquired JAKARTA (JP): China Resources yesterday purchased a 5 percent stake in PT Lippo Land Development at Rp 64 billion (US$27.1 million) through the Jakarta Stock Exchange (JSX), the latter company said in a statement. The purchased shares were previously owned by the Riady family, the founder of the Lippo Group. The 5 percent stake represents 12.4 million of Lippo Land's shares.

World Bank loan for RI project WASHINGTON (AFP): The World Bank announced it had approved a US$104 million loan to Indonesia to fund a project to expand junior secondary education. The project includes expanding access to schools, improving the quality of education and strengthening education management. The project is estimated to cost $154.1 million.

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on July 3, 1996: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 775 -25 25,000 AHAP Insurance 2,800 0 0 Alumindo Perkasa 675 25 7,500 Andayani Megah 1,200 0 1,933,000 Aneka Kimia Raya 3,800 0 0 Anwar Sierad 2,225 -25 82,500 Aqua Golden Mississippi 2,300 0 0 Argha Karya Prima Industry 3,225 25 90,000 Argo Pantes 1,975 0 0 Asahimas Flat 2,400 0 54,000 Asiana IMI...

Salim to take over QAF SINGAPORE (Reuter): Indonesia's Salim group said yesterday it has made a conditional takeover offer for bread company, QAF Ltd, after the exercise of call options for QAF shares and the purchase of more shares. The Salim group, through its wholly-owned subsidiary, Qualif Pte Ltd, a subsidiary of its Singapore investment arm KMP Pte Ltd, is offering S$2 per share and $1.10 per warrant for the shares and warrants it does not already own.

Noise pollution I want to add my (quiet) voice to those few, Indonesians and foreigners, who from time to time raise the issue of noise pollution. Given the great many serious ills which beset the country, and the world, this issue may strike some as relatively minor. Air and water pollution, not to mention degradation of the land and the living sources that stand on it -- and the as yet inadequate efforts to deal with this -- is far more frequently discussed.

Barito Pacific Correction: In the June 29 article Barito pays Rp 50 dividend on page 11, the last paragraph should have read "The shareholders meeting also accepted the resignation of Setienven Lunardy and appointed Antonius Hadi Tjondro as a new director of the company." -- Editor