Indonesian Political, Business & Finance News

Archive: 5 July 1996

43 articles found

Mikola to race in F-3000

Mikola to race in F-3000 JAKARTA (JP): Young hopeful Ananda Mikola will be driving a Fiat-engined Dallara 395 in the F-3000 Italian auto racing championships at Misano Adriatico, Santa Monica, on July 17. Tinton Soeprapto, his father and manager of the Sentul circuit in West Java, said that in Italy, his 16-year-old son would don the Cevenini racing suit. Championship leader Cevenini will also field Mediani Maurizio and Stremmenos Nikolaos.

Beware of fake gold certificates

Beware of fake gold certificates JAKARTA (JP): Logam Mulia, the gold purifying unit of state- owned general mining company PT Aneka Tambang, warned the public yesterday about the use of falsified certificates for gold products. "There are falsified gold certificates on the market. People should be careful. Before deciding to buy, they should check their legality with our office," said Logam Mulia's general manager, Imam Santoso Ibrahim.

ASEAN makes plans to woo more investments

ASEAN makes plans to woo more investments KUALA LUMPUR (AFP): Heads of ASEAN investment agencies called yesterday for greater intra-regional cooperation as they opened talks on how to woo foreign funds amid a sharp drop in capital flowing to the region. The heads are to draw up programs to implement ASEAN's Plan of Action on Cooperation and Promotion of Foreign Direct Investment (FDI) and Intra-ASEAN investment.

Pertamina squashes refinery market talk

Pertamina squashes refinery market talk SINGAPORE (Reuter): A Pertamina source squashed market talk yesterday that the Musi refinery was having problems restarting a unit, forcing Indonesia to buy extra amounts of gas oil. The 33,000-barrel-per-day (bpd) crude distillation unit (CDU- 5) at the refinery was shut for scheduled maintenance on May 25 and resumed operations on June 19, the source at the state oil company said.

Where to go in Surabaya:

Where to go in Surabaya: Music * Elmi Hotel: Jl. Panglima Sudirman No. 442-44: - Qemi Club: Abouwhim Band, 9 p.m. * Majapahit Hotel: Jl. Tunjungan 65: - Palm Bar: La Costa Band, daily from 6 p.m. to 10 p.m. * Patra Surabaya Hilton International: Jl. Gunung Sari: - Kedai Jepara: Marcell Suryadharma (pianist) - nightly, 7 p.m. to 10 p.m., except Sunday and Monday. - The Beer Garden: The La Mapas Resident Band - Monday, Wednesday, Friday, Saturday, 7 p.m. to 10 p.m.

BNI holds seminar

BNI holds seminar JAKARTA (JP): A number of noted international financial experts will discuss the latest developments in the world's banking industry at a seminar to be held here on July 9. They will include Ross H. Mcleod of the National University of Australia, managing director Mark Mobius of Templeton International, Christopher Russel of Jardin Fleming Holdings and Theodore Roosevelt IV of Lehman Brothers. State Minister for Research and Technology B.J.

JSX prices jitter following rumor

JSX prices jitter following rumor JAKARTA (JP): Prices at the Jakarta Stock Exchange (JSX) tumbled briefly yesterday on a rumor about President Soeharto's health. In Singapore, where traders caught wind of the rumor, the rupiah's exchange rate fell, while its interest rates rose. The JSX index fell to 584 points before it rebounded to close at 588.61, compared with an opening of 594.40. In Singapore, the U.S.

JP/1/Headings -all centered-- has

JP/1/Headings -all centered-- has For July 5, 1996 1. Russia (50) -- 72pt MB, 3 cols 3 lines Yeltsin wins election, urges unity 2. Fish (45) -- 36 pt HBC, 2 cols 3 lines Fishery sector reform promises less bureaucracy 3. PDI (50) -- 36pt NCSB, 4 cols 2 lines Soeharto willing to meet consolidated PDI board 4. Soeharto (30) -- 28pt MM, 4 cols 1 line JSX prices jitter following rumor 5. media (36) -- 30/36 pts NCSB l/c 6 cols 1 line Reconciling children's media and press freedom -- 6.

House members differ in Habibie hearing row

House members differ in Habibie hearing row JAKARTA (JP): Legislators from two commissions in the House of Representatives have clashed over the right to hold a hearing with "super minister" B.J. Habibie. The row, which entered its third day yesterday, pits members of House Commission X for research, technology and environment against Commission VI for industrial matters.

U.S. urged to retaliate against Japan

U.S. urged to retaliate against Japan WASHINGTON (Reuter): Northwest Airlines has asked the U.S. Department of Transportation to retaliate against Japan for refusing to honor Northwest's treaty rights to begin new service to Indonesia. The complaint, which urges Washington to cancel immediately Japan Air Lines' twice-a-week service to Sao Paolo, Brazil, via Los Angeles, follows the breakdown of aviation talks between the U.S. and Japan on Friday. No new talks were scheduled.

Tambang Timah to establish subsidiaries

Tambang Timah to establish subsidiaries JAKARTA (JP): State-owned mining company PT Tambang Timah, listed on the Jakarta and London Stock Exchanges, will soon set up three subsidiaries to accelerate its expansion and growth. "Initially, we will establish PT Perusahaan Investasi, an investment company that will coordinate our subsidiaries," Tambang Timah's president, Erry Riyana Hardjapamekas, said after an extraordinary meeting of the company's shareholders yesterday.

Architect Awards planned

Architect Awards planned JAKARTA (JP): The Indonesian Architects Association will present architecture awards to distinguished buildings in Indonesia. Gregorius Antar, chairman of the awards committee, said yesterday that the association has so accepted the names of 40 buildings to be judged and expects to register more architectural works until Aug. 31.

Three held for possession of 20,000 Ecstasy pills

Three held for possession of 20,000 Ecstasy pills JAKARTA (JP): Customs and excise officers at Soekarno-Hatta International Airport yesterday arrested two Singaporeans and an Irishman for smuggling over 20,000 Ecstasy pills from Bangkok. The chief of Airport customs, Nisfu Hasbulla, said the smuggling attempt was unusual.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on July 4, 1996: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 775 0 0 AHAP Insurance 2,700 -100 2,000 Alumindo Perkasa 650 -25 15,000 Andayani Megah 1,175 -25 1,836,000 Aneka Kimia Raya 3,800 0 0 Anwar Sierad 2,150 -75 453,500 Aqua Golden Mississippi 2,300 0 0 Argha Karya Prima Industry 3,200 -25 113,000 Argo Pantes 1,975 0 0 Asahimas Flat 2,400 0 806,000 Asiana...

Harry and Nemo to be the first RI Olympic competitors

Harry and Nemo to be the first RI Olympic competitors JAKARTA (JP): Lifter Harry Setiawan and bantamweight Nemo Bahari will be the first Indonesian athletes to compete at the Atlanta Olympic Games from July 19 to Aug. 4. Harry, who will compete in the 54kg category, will begin his medal campaign on July 20, one day after the Games open.

Fisheries reform promises less bureaucracy

Fisheries reform promises less bureaucracy JAKARTA (JP): The government yesterday announced a deregulation package for Indonesian fisheries, which promises less bureaucracy, improved port management and the right to purchase foreign ships.

AT&T gives Indonesian Olympic team $26,000

AT&T gives Indonesian Olympic team $26,000 JAKARTA (JP): American telecommunication company AT&T granted Rp 60 million (US$26,000) in financial aid yesterday to the Indonesian Olympic team heading to Atlanta later this month. Donald B. Westmore, manager of AT&T Asia Pacific's Indonesian office, said the company wants to participate in helping the country's team perform well in the Olympics.

Ex-Australian Embassy becomes shopping center

Ex-Australian Embassy becomes shopping center JAKARTA (JP): Publicly-listed PT Plaza Indonesia Realty will invest US$225 million in a shopping center expansion project, to include an apartment and office building at the site of the former Australian Embassy. "The project, located at the former site of the Australian Embassy on Jl. M.H.

Man shows anger at verdict

Man shows anger at verdict MEDAN, North Sumatra: A prosecutor has reported to the city police that a man, discontent with the sentence of 16-year jail term for murdering a dentist, hurled a chair at him, Antara reported yesterday. In his report, prosecutor Edward Sianturi said that the humiliating, contemptuous act not only tarnished his name, but also belittled lawyers in general. Hermansyah, 20, was proven guilty of murdering dentist James Ismunandar Halim, 52, in October 1995.

BNI emphasizes its retail services

BNI emphasizes its retail services JAKARTA (JP): State-owned Bank Negara Indonesia (BNI) 1946 is putting more emphasis on retail services as part of a strategy to maintain its leading role in the country's banking industry, the bank's president, Widigdo Sukarman, said yesterday. Widigdo said that lending to retail borrowers would be gradually increased so that its portion to the total lending could be raised to 50 percent in the next three years.

Oki should not be prosecuted here: Lawyers

Oki should not be prosecuted here: Lawyers JAKARTA (JP): The lawyers of Harnoko Dewantono alias Oki who is on trial for a triple murder in Los Angles, U.S., said at the Central Jakarta District Court yesterday that it is beyond the jurisdiction of the Central Jakarta Prosecutor's Office to prosecute the defendant.

Bank guarantees hinder rubber exports: Association

Bank guarantees hinder rubber exports: Association JAKARTA (JP): The Indonesian Rubber Association yesterday requested the government to abolish its rule requiring importers to provide bank guarantees when importing metal boxes used for rubber export. "We need the government's support. So, please, no more bank guarantees for metal boxes. It has created additional costs," the association's chairman, O.K Cornel, told journalists here yesterday.

JAKARTA (JP): The Indonesian Architects Association will

JAKARTA (JP): The Indonesian Architects Association will present architecture awards to distinguished buildings in Indonesia. Gregorius Antar, chairman of the awards committee, said yesterday that the association has so accepted the names of 40 buildings to be judged and expects to register more architectural works until Aug. 31.

Normalcy returns to troubled Irian Jaya town

Normalcy returns to troubled Irian Jaya town JAKARTA (JP): Calm returned to the Irian Jaya town of Nabire yesterday after two days of rioting involving 3,000 job seekers left at least three soldiers injured, police said. First Sgt. Sidik of the Nabire police precinct told The Jakarta Post by telephone last night that situation had returned to normal on Wednesday. "Everything is under control now," he said.

High school principals told to return levies

High school principals told to return levies JAKARTA (JP): The head of the city's Ministry of Education and Culture, Kusnan Ismukanto, requested the principals of junior and senior state-owned high schools to return any levies imposed on students except entrance and uniform fees. All levies imposed on students must be approved by parents' associations, Kusnan said. But he did not say how the schools would return money to students' parents.

TV and children

TV and children So much has been said and written about the negative impacts of television on children, and the news from an international meeting in Manila this week is just as disturbing. At the conference on children's rights in the media, the Singapore-based Asia Mass Communication Research and Information Center presented the results of its survey, which found that eight of the 15 TV programs most often watched by Indonesian children are considered adult fare.

29 aircraft join Dirgantara Rally

29 aircraft join Dirgantara Rally JAKARTA (JP): Twenty-nine single- and double-engine airplanes will take to the skies from Jakarta to Lombok during the Dirgantara Rally 96 aero-safari which starts this weekend. Indonesia's CN-235 aircraft will join the AS-202 Bravo, T-34, Piper Cherokee, Husky, Dakota and some helicopters in the three- day across-the-sky parade.

Marijuana grown in Tanah Karo

Marijuana grown in Tanah Karo MEDAN, North Sumatra: Security officers in North Sumatra are searching through the Tanah Karo woods for more marijuana plants following the discovery of a 3.5-hectare field of the plants and the arrest of five suspects on Tuesday. The 2,000-square-kilometer Tanah Karo, located in the hilly Bukit Barisan area, has apparently been used as a place to grow marijuana, contesting Aceh province's reputation of a major marijuana producer.

For July 5, 1996

For July 5, 1996 Riot Normalcy returns to troubled Irian Jaya town. Page 2 Murder trial Oki should not be prosecuted here: Lawyers Page 3 Media Where is broadcasting headed? Page 4 N. Korea Kim Jong-il postpones his ascension to power. Page 7 Disney's Quasimodo, palatable fare that follows a formula Page 8 Tin Tambang Timah to establish subsidiaries. Page 11 Rubber Bank guarantees hinder rubber exports: Association Page 12 Tennis Rain interrupts quarterfinals at Wimbledon. Page 13

QNI to examine nickel, cobalt plants

QNI to examine nickel, cobalt plants SYDNEY (Reuter): QNI Ltd said its South Africa's Gencor Ltd and Indonesia's state-owned PT Aneka Tambang were looking at developing an integrated nickel and cobalt processing facility in Indonesia and Australia. QNI Managing Director Wyn Davies said in a statement the study would be funded equally by QNI and Gencor and was expected to take nine months.

Mayor hails SPSI

Mayor hails SPSI TANGERANG, West Java (JP): Tangerang Mayor Djakaria Machmud said yesterday that workers could develop a strong sense of belonging if their employers treated them as valuable assets. "A high degree of belonging could also be instilled in the workers if companies could sell five percent of their shares to their employees," Djakaria said after a ceremony here marking the inauguration of the Tangerang Working Unit of the All-Indonesia Workers Union Federation (SPSI).

Car makers should use local content

Car makers should use local content JAKARTA (JP): President Soeharto suggested yesterday that Japanese auto manufacturers increase local components in their cars produced in Indonesia to maintain their market share in the country. "If the Japanese auto makers meet with local content requirements, they will continue to secure their market opportunities," Soeharto was quoted by the chairman of a Japanese parliamentary delegation, Taku Yamasaki, as saying.

Visa outrage

Visa outrage In her letter published on May 3, 1996, your reader Myra Sidharta of Jakarta quite rightly rebuked the visa section of the British Embassy despite the uninformed response by Ambassador Graham S. Burton. In his response he says, "But we take a relaxed view of this regulation for Indonesian applicants, who have always been model visitors to our country".

'Don't prolong grief over journos' death'

'Don't prolong grief over journos' death' JAKARTA (JP): Vice-Governor of the National Resilience Institute Juwono Sudarsono said yesterday that it would be best to leave the issue of the tragic death of six foreign journalists in the past. "We understand the extent of the bereavement that has been going on for the past years but it would only prolong the grief if this were played up again," he told The Jakarta Post yesterday.

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.

TV today

TV today TVRI 2:30 p.m. My Country 2:35 TV Series: Amazing Stories 3:05 TV Series: Remaja Indonesia 3:30 TV Series: Fresh Prince of Bell Air 4:05 Comedy 4:30 Quiz: Cerdas Cermat 5:00 Evening News 5:30 Health: Upaya Penanggulangan AIDS 6:00 News: Lintasan Berita 6:05 Nusantara, The Beloved Country: Jambi 6:15 Village Program 6:45 Information: Tertib Lalu Lintas Jalan Tol 7:00 Evening News 7:25 Garuda Pancasila/Filler/Trailer 7:35 Music 8:00 News: Lintasan Berita 8:05 Nationality: Permata...

Women leaders seek action against discrimination

Women leaders seek action against discrimination JAKARTA (JP): The Asia-Pacific workshop on gender equality yesterday discussed the role of lobbyists, pressure groups and strategies to effect change at both the legislative and executive levels. "To fight discrimination against women within the society, we have to start at a higher, policy-making level," Mely G. Tan, a member of Convention Watch women's organization, told The Jakarta Post yesterday.

Bekasi poultry farmer and wife robbed again

Bekasi poultry farmer and wife robbed again BEKASI (JP): Police said yesterday they have identified five of the estimated eight suspects believed to have robbed for the second time a poultry breeding farm manager and sexually assaulted his wife in the small village of Cimuning at Bantargebang. "A team of our detectives have been assigned to hunt the five suspects, whose identities are already known to us," Bekasi police chief Lt. Col. Alex Bambang Riatmodjo said yesterday.

President ratifies Aussie-RI security pact

President ratifies Aussie-RI security pact JAKARTA (JP): President Soeharto has ratified, by decree, Australia's and Indonesia's agreement on maintaining security. The No. 50/1996 decree was made available to the press yesterday, although it is dated June 24, 1996. Indonesia and Australia improved their already close relationship when both foreign ministers signed the agreement on maintaining security on Dec. 18, 1995.

U.S. surgeons perform first less-invasive operation

U.S. surgeons perform first less-invasive operation JAKARTA (JP): A team of doctors from the United States and Indonesia yesterday performed the first minimally-invasive micro- surgery on a heart patient at Gatot Soebroto Army Hospital. The team of doctors, led by Col. Sutopo M.D. from the hospital and Alex Zapolenski M.D. from the San Francisco Heart Institute, said that they are pleased with the results.

'My client was distressed'

'My client was distressed' JAKARTA (JP): The lawyer of a Malaysian being tried for killing his female companion in a hotel here on Oct. 15 last year told the Central Jakarta District Court on Wednesday that his client had no intention of murdering the victim. "The reason or cause of the defendant's action was that he was distressed and fatigued when the victim kept insisting that he marry her. This caused him to lose control," said lawyer Amir Syamsudin.

Soeharto willing to meet consolidated PDI board

Soeharto willing to meet consolidated PDI board JAKARTA (JP): President Soeharto will receive the newly-formed central executive board of the Indonesian Democratic Party (PDI) only after it consolidates its members, Minister/State Secretary Moerdiono said. "President Soeharto will receive the new PDI central board if the party is harmoniously consolidated," Moerdiono told reporters after meeting with Soeharto at the State Palace yesterday.

Where to go in Bali:

Where to go in Bali: Music and Entertainment * Grand Hyatt Bali, Nusa Dua: Pasar Senggol - Balinese Arts & Crafts, daily. Sunset Procession, daily. Ramayana dance, Thursday. Legong dance, Saturday. Arjuna Wiwaha dance, Sunday. Rejang, Puspawresti, Belibis and Jaran Teji dances, Monday. Kecak dance, Friday & Tuesday. Jegog dance, Wednesday. Pesona Lounge - Live music by Filipino Guitar duo, Medi & Boy, daily. Lila Cita Fun Pub - Rakata Disc Band, Friday & Monday.