Indonesian Political, Business & Finance News

Archive: 1 August 1996

61 articles found

Legislators should defend people's interests: Wahono

Legislators should defend people's interests: Wahono JAKARTA (JP): House of Representatives Speaker Wahono urged legislators yesterday to defend people's interests so that people will not take to the street to vent their frustration. He said House members should accommodate people's demands and listen to their grievance so that there will be no more "democracy forums in the streets".

Hashimoto's shrine visit gets new rap

Hashimoto's shrine visit gets new rap TOKYO (Reuter): North Korea yesterday joined the chorus of protests from Asian nations against Japanese Prime Minister Ryutaro Hashimoto's visit this week to a controversial war shrine. "This is an unbearable insult to the people of Korea and other countries in Asia," the official Korea Central News Agency said.

Food supplies a major concern for RI

Food supplies a major concern for RI JAKARTA (JP): Minister of Production and Distribution Hartarto said yesterday that food and power supplies are critical issues that Indonesia will face over the next decade, Even though Indonesia has posted 7 percent economic growth per year for the last 28 years, 14 million people still live below the poverty line, Hartarto told a Queensland trade delegation.

Rift with developer reported to council

Rift with developer reported to council TANGERANG (JP): Thirty-two people claiming to be heirs of a man named Tan Hok Tjioe sought assistance from the regency council yesterday regarding a 75-hectare plot. The plot, located in Cihuni village in Legok district, is now under the control of a private developer, PT Jakarta Baru Cosmopolitan. The plot is part of a golf resort and housing complex, Gading Serpong, which is currently under construction.

Jakartans divided over Sutiyoso's shoot-on-sight order

Jakartans divided over Sutiyoso's shoot-on-sight order JAKARTA (JP): Human rights activists, businessmen and residents expressed alarm over the city military's shoot-on-sight order, while a legislator said it was reasonable. The critics said yesterday the order issued on Tuesday by Jakarta Military Commander Maj. Gen. Sutiyoso had raised new fears among residents, who were still nervous after Saturday's street violence.

Bogor railway still loses money

Bogor railway still loses money BOGOR, West Java (JP): The Bogor railway company still loses money on its Bogor to Sukabumi route because there are not enough passengers to meet its operating costs, a company official said. The station master of the state-owned Bogor railway company, Ismanto, said that the service would continue regardless. He would not reveal the amount of the losses. The Jakarta branch of the company, Perumka, has also complained of losses.

Comics craze boosts the Indonesian comics industry

Comics craze boosts the Indonesian comics industry By A. Ariobimo Nusantara JAKARTA (JP): Take your child to a bookstore and you can bet your bottom dollar it will be the comic section it will make a beeline for. The comic corner is usually the most crowded part of a bookstore, especially during school holidays. For many of the kids, comic books are far too expensive and they have to be content with reading them at the bookstore without being able to take them home.

GM sets up ASEAN base

GM sets up ASEAN base SINGAPORE (Reuter): Delphi Automative Systems, part of General Motors, said yesterday it had set up an ASEAN base in Singapore to coordinate its expanding activities in the regional vehicle market. ASEAN comprises Singapore, Malaysia, Thailand, Indonesia, Brunei, Vietnam and the Philippines. A company statement said Frank Hodits will be the group's ASEAN country manager.

Consortium to build E. Java toll road

Consortium to build E. Java toll road JAKARTA (JP): A consortium of companies led by businessman Setiawan Djody has been appointed by the government to construct a 29.5-kilometer toll road connecting Pandaan and Malang in East Java.

Betawi festival opens on Jl. Jaksa

Betawi festival opens on Jl. Jaksa JAKARTA (JP): Once again Jl. Jaksa, a Central Jakarta street well-known among the foreign backpacking brigade, is hosting a cultural festival called Pesta Jl. Jaksa '96, from July 31 to Aug. 4. The festival began yesterday afternoon with a parade from the Hotel Sari Pan Pacific on Jl. M.H. Thamrin to Jl. Jaksa, followed by the official opening by Governor Surjadi Soedirdja. This was not as well attended as organizers had expected.

Oka finishes 13th in wind-surfing

Oka finishes 13th in wind-surfing JAKARTA (JP): Indonesian lone hopeful I Made Oka Sulaksana finished 13th after nine races in the Olympic wind-surfing competition at Savannah Beach, Georgia. Coach Robby Rumeper said that Oka, who competed in the one mistral design class, scored the highest points among the Asian surfers. "His performance was fairly good as European seeds were placed only in the 20s in the final rankings," Robby said.

City returns to normal despite four bomb threats

City returns to normal despite four bomb threats JAKARTA (JP): Four bomb hoaxes disrupted the city yesterday but business activity in shopping centers and office buildings was largely back to normal. Shops in the Mangga Dua shopping malls and the Glodok electronics market in West Jakarta, and the Pasar Baru and Senen in Central Jakarta, which were all closed on Tuesday, were crowded with shoppers yesterday.

International exhibition on press to open soon

International exhibition on press to open soon JAKARTA (JP): The Indonesian Press and Graphics Association will open the annual International Exhibition and Seminars on Printing and Paper at the Kemayoran Fair Ground next week. Association chairman Budi Santoso said yesterday that the exhibition intends to disseminate and expand the public's knowledge and the press' professionalism.

Man on trial for 'shoeing' a judge

Man on trial for 'shoeing' a judge JAKARTA (JP): A 30-year-old jobless man stood trial yesterday for throwing a shoe at a judge during the controversial trial of politician Sri Bintang Pamungkas in May. Prosecutor Suhaimi told the Central Jakarta District Court that the accused, Ignatius Pujianto, pelted the judge in an expression of anger over the verdict meted out to Bintang, which he considered too hefty. Suhaimi said Ignatius breached Article 335 of the criminal code.

Stopping terrorism no easy task

Stopping terrorism no easy task By Gabriel Koch JAKARTA (JP): With whispered plots it begins. In carnage the schemes are laid. With cries of swift and effective retribution does the West respond. In murmurs of apathy and forgetfulness does the hue and action fade away. Thus the cycle of terrorism continues through the times. It usually starts with a warning as it began in the land of sand and oil. In November of last year U.S. army offices were bombed in Riyadh.

Armed robbers steal from bank customers

Armed robbers steal from bank customers JAKARTA (JP): The police are looking for two men believed to have robbed a bank customer of Rp 166 million (US$70,638) in cash on Tuesday. The robbery took place on Jl. Warung Buncit in South Jakarta, in front of the office where the customer works, Buncit Jaya Motor. A police officer at the Pancoran Police subprecinct said the robbers grabbed a bag containing money from the victim, Indra.

Over 270,000 work hours lost in strikes this year

Over 270,000 work hours lost in strikes this year JAKARTA (JP): A total of 270,305 working hours from January to June were lost due to strikes this year, a union representative said yesterday. The chairman of the Jakarta office of the All-Indonesia Workers Union, Fauzi Ibrahim, said 57 strikes were staged by workers throughout Jakarta during the six-month period. "It tends to increase every month," said Fauzi, who is also a councilor from the Golkar faction.

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.

Beauty and harmony are ageless in Balinese dance

Beauty and harmony are ageless in Balinese dance By Marina Kaneti DENPASAR, Bali (JP): Many would describe Bali as the island of the gods. It might be more accurate to characterize Bali as an island where nature, people, and gods create one magic world of art, drama and dance. Many theater directors and theoreticians in the West have recognized Balinese drama as the most organic and synthetic theater tradition in the world of art history.

Sentosa to issue bonds

Sentosa to issue bonds JAKARTA (JP): PT Catur Sentosa Adiprana, a distributor of building materials, said yesterday that it will soon issue convertible bonds worth US$20.5 million to finance its expansion plan. Catur Sentosa's president Budyanto Totong said that 60 percent of the proceeds from the bond offering will be used to open 15 new outlets and the remaining 40 percent to strengthen the company's working capital.

Villagers protest blockade

Villagers protest blockade BEKASI, West Java (JP): More than 100 residents in the Kebalen district gathered yesterday to protest a housing developer who has fenced in an 8,000-square-meter plot and blocked passage on a local road. "The developer, PT Halim Gesit Mandiri, has blocked the road for the construction of the Taman Kebalen Indah housing estate," a community leader, Suganda, told The Jakarta Post yesterday.

Student groups concerned about riot victims

Student groups concerned about riot victims JAKARTA (JP): Four influential student organizations expressed concern yesterday for the many people who became victims in Saturday's violent rioting and called for the cessation of "violent politics" in the country.

Men's duo gives Indonesia its 1st medal

Men's duo gives Indonesia its 1st medal ATLANTA, Georgia (Agencies): A beleaguered Indonesian badminton team was eventually given something to cheer on Tuesday when the men's doubles team of Antonius Irianto and Danny Kantono earned the country its first medal. The duo's 15-4, 12-15, 15-8 win over Malaysia's Soo Beng Kiang and Tan Kim Her in the match for the bronze medal momentarily relieved Indonesia's agony after a series of defeats.

Indonesian national anthem heard in Atlanta

Indonesian national anthem heard in Atlanta ATLANTA, Georgia (Agencies): The national anthem Indonesia Raya was finally played at the Atlanta Olympics yesterday after Indonesia's formidable pairing of Ricky Subagja and Rexy Mainaky clinched the men's badminton doubles title. The Indonesian duo came back from a shaky start to win 5-15, 15-13, 15-12 over Cheah Soon Kit and Yap Kim Hock, who were bidding for Malaysia's first ever Olympic gold medal.

Philippines and Thailand closer to gold

Philippines and Thailand closer to gold ATLANTA, Georgia (Agencies): The Philippines and Thailand moved a step closer to historic Olympic gold boxing medals with quarterfinal victories at the Atlanta tournament on Tuesday. But their fellow Southeast Asian country, Indonesia, failed to follow in their footsteps when Lapaene Masara was beaten by a blow in the dying seconds in his light flyweight bout against Rafael Lozano of Spain.

South Korea's Bang is taking gold seriously

South Korea's Bang is taking gold seriously ATLANTA, Georgia (DPA): South Korean women's badminton champion Bang Soo-hyun is the daughter of a popular comedian, but her dream of an Olympic gold medal is no laughing matter. "I am very confident of getting a gold medal," the 23-year-old silver medalist at the 1992 Barcelona Games said after eliminating Indonesia's Olympic champion Susi Susanti in the semifinals on Tuesday.

Not funny

Not funny Reading the poem Sour and sweet always meet (The Jakarta Post, July 27, 1996) in "Your Letters" column, I am compelled to make this comment. The poet apparently wanted to be funny, but what was written about Pak Djuana and ilk is not funny at all. I personally like humor, but the wording might easily be misinterpreted and cause trouble, especially during these turbulent times. The poem haunted me for three days and nights and I lost my appetite into the bargain.

For travel agents, Merapi accessible

For travel agents, Merapi accessible MAGELANG Central Java: Recent reports of volcanic activity on the 2,911-meter Mt. Merapi have left many here wondering if the top of the mountain is still accessible. Many residents of Yogyakarta and the surrounding towns claim that the mountain is inaccessible.

Neglected children

Neglected children Referring to Fishermen's children suffer from exploitation (The Jakarta Post, July 21, 1996), I would like to make some comments. I feel sorry for our children these days, especially those who live in remote areas or in fishing villages, because they have no opportunity to play with their friends. They are forced to work to support their parents. The reason why the children must earn money for their parents is that they are poor. They have to survive on very little money.

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.

Air passengers must pay service charge directly

Air passengers must pay service charge directly JAKARTA (JP): Domestic air passengers will now be directly responsible for paying the government's Passenger Service Charge (PSC), which used to be added into the price of an airline ticket. Passengers will pay the PSC directly to airport managements starting today to smooth the flow of funds to the government, the Director of Civil Aviation Zainuddin Sikado said yesterday.

TV today

TV today TVRI 12:00 p.m. Travel: My Country 12:05 TV Series: Family Matters 12:30 Dance 1:00 News: Lintasan Berita 1:30 Science Film: Here Comes The Stars 2:05 Education Program: Bina Pramuka 2:30 Sport: Olympiad '96 from Atlanta 5:00 Evening News 5:30 Arabic Lessons 6:00 News: Lintasan Berita 6:05 Nusantara, The Beloved Country: Aceh 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 Healthy News 8:00 News:...

Employers of killed maid detained

Employers of killed maid detained JAKARTA (JP): The Tangerang police have arrested a couple for allegedly torturing their 23-year-old maid to death at their house in Curug, some 35 kilometers west of here. "The two suspects are being detained at our office until their dossiers are completed," Tangerang Police chief Lt. Col. Djoko Satrio told The Jakarta Post yesterday.

FBI searches apartment of bomb park guard

FBI searches apartment of bomb park guard ATLANTA (Reuter): FBI agents probing the Olympic blast yesterday searched the apartment of a security guard from the bombed park and evacuated other residents. The agents and the guard, Richard Jewell, 33, later came out of the apartment and a bomb sniffing dog with two handlers went inside.

Passenger Service Charge for domestic air passengers

Passenger Service Charge for domestic air passengers -------------------------------------------------- Tariffs Airports -------------------------------------------------- Rp 10,000 Soekarno-Hatta, Ngurah Rai Rp 9,000 Hang Nadim, Polonia, Juanda, Supadio, Sepinggan Rp 8,000 Simpang Tiga, Hasanudin, Halim Perdanakusuma, Adisucipto, SM Badarudin, Tabing, Achmad Yani, Sentani (Irian Jaya).

Bribery rampant in health services

Bribery rampant in health services JAKARTA (JP): Collusion between practitioners and drug producers is a serious problem in the health services, a health ministry official said yesterday. Iwan Darmansjah, the ministry's chairman of drug safety and efficacy, said many drug producers are luring doctors with profits from their prescription drug sales. These drug producers go as far as offering a certain percentage of their profits from the sale of drugs that the doctor has prescribed.

Residents selling artifacts

Residents selling artifacts MATARAM, West Nusa Tenggara: A government official yesterday revealed that local residents have been selling recently-found artifacts, such as an 18-carat gold mask, to the highest bidders. The recently-excavated mask is being offered by a local craftsman in Lendang Berora, Pamenang Tumur, West Lombok, for Rp 672,000 (US$292.1).

Garbage disposal

Garbage disposal From Pelita The residents of RT5 and 7 from the RW9 neighborhood, Manggarai, South Jakarta, have to dispose of their garbage in the river nearby because the trash that has piled up in the complex has not been collected. I was told that the truck used for collecting the garbage is not working. No doubt, the river will be badly polluted by the household waste and this will lead to a more harmful environment. I hope the authorities will do something about it. PURMINTO Jakarta

Stock Exchange

Stock Exchange Stock Prices on the Jakarta Stock Exchange (in rupiah) on July 31, 1996: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 1,125 0 10,000 AHAP Insurance 2,700 0 0 Alumindo Perkasa 675 0 0 Andayani Megah 1,200 0 1,072,000 Aneka Kimia Raya 3,725 0 0 Anwar Sierad 1,900 0 64,000 Aqua Golden Mississippi 2,300 0 0 Argha Karya Prima Industry 3,050 0 0 Argo Pantes 1,900 0 0 Asahimas Flat 1,575 25 2,559,500 Asiana IMI Indusrties...

Rights activist worried about missing people

Rights activist worried about missing people JAKARTA (JP): Amid heightened concern over people reportedly missing after violent rioting on Saturday, human rights campaigners lamented officials' reluctance to provide information. "Even hospitals deny us access to people who were reportedly treated there for injuries suffered in the incident," said Bambang Widjojanto of the Indonesian Legal Aid Foundation yesterday.

Mulialand's profit up 47%

Mulialand's profit up 47% JAKARTA (JP): PT Mulialand, a publicly-listed property company of the Mulia Group, booked a net profit of Rp 56.9 billion (US$24,24 million) in the first six months this year, an increase of 47 percent over the same period last year. The company announced yesterday that the profit increase was in line with significant revenues growth during the six month period.

Corn floor price policy opposed

Corn floor price policy opposed JAKARTA (JP): Minister of Agriculture Sjarifudin Baharsjah said yesterday the government is unlikely to set a floor price for corn because this may prevent feed producers from buying the commodity in partnership programs. Speaking at a press conference yesterday, Sjarifudin said the government has no plans to reapply the floor price mechanism for corn as it had in the past.

Rais calls for trustworthy officials

Rais calls for trustworthy officials JAKARTA (JP): Deputy Governor for Economic and Development Affairs Tb. Rais said plans on the collection of city revenue should be thorough and realistic. He said yesterday that plans must take into account not only the existing potential, but the "aspirations of the public toward a clean and respected government apparatus". City revenue, he said, can only be increased if officials are upright. "Hence the public would trust them better," he said.

Matsushita's RI venture

Matsushita's RI venture TOKYO (AFP): Japan's Matsushita Electric Industrial Co. Ltd. said yesterday it would start producing fluorescent bulbs in Indonesia next year. The world's largest consumer electronics company said applications were lodged July 11 with the Indonesian authorities, and approval was expected in September. The production venture, to be named PT Matsushita Lighting Indonesia, would have capital of US$60 million, the company said in a statement.

Retraining important, Wardiman says

Retraining important, Wardiman says JAKARTA (JP): Minister of Education and Culture Wardiman Djojonegoro emphasized yesterday the importance of giving graduates access to retraining to meet the very dynamic needs of modern occupations.

Worried vendor

Worried vendor From Kompas I am a cigarette and soft drink vendor on Jl. Mahakam, Kebayoran Baru, in South Jakarta. I have been in this line of business for ten years with its ups and downs. The tree under which I erected my small stall was cut down two years ago. I don't know exactly who ordered it. My inquiries were left unanswered. Then the house in front of my stall was demolished and a new luxurious house was built.

RI, Pakistan sign deal

RI, Pakistan sign deal KARACHI, Pakistan (Reuter): The state-run Trading Corporation of Pakistan (TCP) said yesterday it had signed an agreement with the Indonesian Chamber of Commerce and Industry (KADIN) to increase bilateral trade to US$1 billion in next two years from $211 million in 1994/95 (July-June).

Govt hopeful riot wont's hit investment

Govt hopeful riot wont's hit investment JAKARTA (JP): The government remained confident yesterday that last weekend's riots would not adversely affect the country's investment climate, but businessmen seem jittery. After reporting to President Soeharto, Minister of Investment Sanyoto Sastrowardoyo told journalists that the impact of the riots would be contained and should not scare investors. "We hope the impact will be rather negligible because things like this occur everywhere.

Local stocks prices increase 0.4% in quiet trading

Local stocks prices increase 0.4% in quiet trading JAKARTA (JP): Stock prices on the Jakarta Stock Exchange (JSX) edged up 0.4 percent yesterday amid quiet trading with most foreign investors sidelined. "Today's increase doesn't mean that the market has regained investors' confidence. Foreign investors are net sellers today, meaning that they are still cautious of making a quick come- back," a dealer with a London-based securities company told The Jakarta Post.

Minister hopes tax breaks will woo foreign investors

Minister hopes tax breaks will woo foreign investors JAKARTA (JP): State Minister of Investment Sanyoto Sastrowardoyo said yesterday that the recently introduced tax holidays should attract new foreign investment. "We are facing tight competition from our neighbors in attracting foreign investment. The tax holidays will help boost opportunities for investors," Sanyoto told journalists after meeting President Soeharto.

Manila's wealthy rise above gridlock

Manila's wealthy rise above gridlock By Ramoncito dela Cruz MANILA (Reuter): A helicopter flying above Manila high-rise buildings used to be such a rare sight that gawking motorists and pedestrians created a mini-traffic jam. The Philippines was, after all, a land where the water buffalo was one of the most common forms of transport.

Confucian couple fights for recognition

Confucian couple fights for recognition By Sirikit Syah SURABAYA (JP): Budi Wijaya and Lanny Guito say they don't ask for much: They are married and want their union to be recognized by the government. But its not that simple. The Surabaya civil registry office will not register or issue them a marriage certificate unless they select one of the five recognized faiths in Indonesia: Islam, Protestantism, Catholicism, Buddhism and Hinduism. "It's a matter of faith.

Olympic Results

Olympic Results Badminton (semi-finals) Women's singles: Mia Audina (Ina) bt Kim Ji-hyun (Kor) 11-6, 9- 11, 11-1; Bang Soo-hyun (Kor) bt Susi Susanti (Ina) 11-9, 11-8 Men's singles: Dong Jiong (Chn) bt Rashid Sidek (Mas) 15-6, 18- 16; Poul-Erik Hoyer-Larsen (Den) bt Hariyanto Arbi (Ina) 15-11, 15-6 Mixed doubles: Park Joo-bong/Ra Kyung-min (Kor) bt Liu Jianjun/Sun Man (Chn) 15-10, 15-4; Kim Dong-moon/Gil Young-ah (Kor) bt Chen Xingdong/Peng Xingyong (Chn) 15-6, 15-8 Women's doubles, bronze...

Indonesia takes two diving medals

Indonesia takes two diving medals JAKARTA (JP): Two Indonesian scuba divers romped home with a silver and a bronze medal in the second Asian Diving Championships in South Korea on July 27 and July 28. Razul Chalbi, executive director of the Indonesian Diving Association, said that M Ivan Diponegoro Gani took the silver in the men's fins swimming 3000 meters and Anna Gani took the bronze in the women's division.

Japan, RI battle tropical disease

Japan, RI battle tropical disease JAKARTA (JP): Representatives from the Indonesian and Japanese governments yesterday exchanged notes of cooperation for the construction of a Tropical Disease Center at the Airlangga University in Surabaya, East Java. Under the project, Japan is to give a grant of 856 million Yen (Rp 18.8 billion) for the center.

National car benefits market

National car benefits market From Neraca I have wanted to own a car for a long time, a luxury automobile if possible. Therefore the decree on the national car has attracted my attention. The many reports and articles on the national car have led me to the following conclusions: The granting of facilities to the Timor is less than fair. However, the policy has forced other car manufacturers to reconsider the pricing of their products.

Stocks prices inched up 0.4% in quiet trading

Stocks prices inched up 0.4% in quiet trading JAKARTA (JP): Stock prices on the Jakarta Stock Exchange (JSX) edged up by only 0.4 percent yesterday in a very quiet trading as most foreign investors continued to sideline. "Today's increase doesn't mean that the market has regained investors' confidence. Foreign investors are net sellers today, meaning that they are still cautious to make a quick come-back," a dealer with a London-based securities company told The Jakarta Post.

Japan sending more and more investment Asia's way: analyst

Japan sending more and more investment Asia's way: analyst TOKYO (AFP): Asia can expect to experience a strong growth in Japanese direct investment over the next few years as producers here continue adjustments for the strong yen, according to a leading analyst. BZW Research Ltd. analyst James Vestral said Asia outstripped North America in the year to March 1995 as the major recipient of Japanese offshore investment in manufacturing, and the gap is expected to widen.

Puncak discotheques raided for drugs

Puncak discotheques raided for drugs BOGOR (JP): Discotheques along the road leading to the Puncak mountain resort have been subjected to three raids in the past two months following suspicions of transactions of illegal drugs. Denny M. Moechry, the regency spokesman, told The Jakarta Post officials seized drugs from a number of patrons in the raids. He did not say what type of drugs. "So far there are no grounds to close down the nightspots," he said.

LG plans more RI plants

LG plans more RI plants SEOUL (AFP): South Korea's LG Electronics Co. said yesterday it would build a 150-million-dollar joint venture plant with Japan's Asahi Glass and two other Indonesian firms to produce TV tube parts in Indonesia. The joint venture, P.T. Video Display Glass Indonesia, will be capable of churning out 10 million color picture tube funnels, the rear part of the tube, from October 1997.

Clove conversion project to cost $174m

Clove conversion project to cost $174m JAKARTA (JP): The conversion of clove plantations into food crops will require at least Rp 400 billion (US$173.9 million) from the farmers' compulsory savings scheme, an official says. Jaya Putra, the director for cooperative supervision at the ministry of cooperatives and small enterprises, said the conversion project was originally expected to be financed by special conversion funds collected from farmers.