Indonesian Political, Business & Finance News

Archive: 11 September 1996

54 articles found

Lawyer pleads for disco owner's release

Lawyer pleads for disco owner's release JAKARTA (JP): The lawyer representing the owner of the Hailai discotheque yesterday urged the North Jakarta District Court to acquit him from charges of possession of marijuana and Ecstasy. Amir Syamsuddin insisted that his client, HS, had no prior knowledge of the two marijuana cigarettes and seven and a half Ecstasy pills which the police found in his limousine in July.

Flower park playground opened

Flower park playground opened JAKARTA (JP): Mrs. Tuty Try Sutrisno, the wife of Vice President Try Sutrisno, opened a playground at the Nusantara flower park in Cipanas, a mountainous area in West Java, yesterday. The playground, designed for children aged between five and 16, has 10 rides including Super Go-Carts, a mini excavator, a mini forklift and a Kumba Express, which was modeled on a mini train from the early 19th century. Mrs.

KL plans $1.2b paper mill

KL plans $1.2b paper mill KUALA LUMPUR (AFP): Malaysia's timber tycoon Ting Pek Khiing is to build a three-billion-ringgit (US$1.2 billion) paper and pulp mill jointly with the state government of Sabah, a report said yesterday. Ting, who is the key developer of a massive Bakun dam project in Sarawak state, said the paper products manufactured would be both for domestic use as well as for export. "The project has already been agreed in principle ...

Rector bans political dialogs

Rector bans political dialogs SEMARANG: Students of the state Diponegoro University will soon lose a place on their campus for discussing politics. The university's rector Muladi said yesterday he is determined to ban political discussions on campus because students have "abused" the popular forum to condemn the government.

Megawati grilled again over subversion cases

Megawati grilled again over subversion cases JAKARTA (JP): Government investigators questioned deposed leader of the Indonesian Democratic Party (PDI) Megawati Soekarnoputri yesterday about the July 27 riots in the capital. Without her lawyers, she was interrogated at the Attorney General's Office for over seven hours as a witness in subversion cases involving labor activist Muchtar Pakpahan and political activist Budiman Sudjatmiko.

Nurhayati gives Yogyakarta first PON gold

Nurhayati gives Yogyakarta first PON gold CIKAMPEK, West Java (JP): The 14th National Games (PON) medal race kicked off without any surprises yesterday when Yogyakarta women's cyclist Nurhayati won the Games maiden gold in the initial 20-kilometer Individual Time Trial (ITT). Nurhayati, winner of two gold medals and a silver at the Southeast Asian (SEA) Games in Chiang Mai, Thailand last December, clocked the best time of 29 minutes and 38.95 seconds.

LIPI to study parties' 1997 election campigns

LIPI to study parties' 1997 election campigns JAKARTA (JP): The Indonesian Institute of Sciences (LIPI) will conduct strategic social, political and cultural studies on the political campaigns for next year's general election, the institute's chairman, Soefjan Tsauri, said yesterday. At a hearing of House Commission X for science and technology, Soefjan said the institute would also prepare a database on past general election campaigns.

Asia-Pacific to fuel oil industry growth

Asia-Pacific to fuel oil industry growth SINGAPORE (AFP): Asia-Pacific nations led by China and India will fuel growth in the world oil industry in the 21st century and greatly influence prices with their huge import needs, officials and experts said here yesterday.

Soeharto's children picked as Golkar candidates

Soeharto's children picked as Golkar candidates JAKARTA (JP): The ruling Golkar organization is preparing a list of Indonesia's who's who to submit to the General Election Institute as its candidates for the House of Representatives and People's Consultative Assembly. Two of President Soeharto's children -- Siti Hardiyanti Rukmana and Bambang Trihatmodjo -- and Vice President Try Sutrisno's son Isfan Fajar Satryo are Golkar candidates for the Assembly.

Anticommunism law needed: Activists

Anticommunism law needed: Activists JAKARTA (JP): An organization affiliated with the ruling Golkar political organization has proposed that the government should draft an anticommunism law to provide the legal grounds for the state's anticommunist campaign. Laskar Ampera Arief Rachman Hakim considered the decree issued by the People's Consultative Assembly and the Guidelines of State Policy, which have been used as the legal basis in the campaign against communism, as not firm enough.

Arabs unite over Turkish plans for Iraq

Arabs unite over Turkish plans for Iraq By Jonathan Wright CAIRO (Reuter): Turkey's plan to set up a buffer zone in northern Iraq has brought Arab states together in support of Iraqi sovereignty and territorial integrity. Even those Arab governments which joined the military campaign to drive Iraqi forces out of Kuwait in 1991 say they cannot accept a foreign buffer zone in an Arab country.

'Pentas Kota Raya' is more than just a Jakarta sketchbook

'Pentas Kota Raya' is more than just a Jakarta sketchbook Pentas Kota Raya (Big City Stage) Fuad Hassan Pustaka Jaya 1996 Page 116 JAKARTA (JP): Fuad Hassan's Pentas Kota Raya (Big City Stage) is more than a sketchbook of Jakartans' daily, bittersweet life. It also shows how people seek happiness, and how universal these issues are. The 22 essays are all based on Fuad's observations. Written in simple language and full of humanist views, the book only asks for sensitivity.

World nickel prices predicted to peak in 1998

World nickel prices predicted to peak in 1998 BANGKOK (Reuter): Nickel is set to ride booming demand for stainless steel and prices will likely peak around 1998, an analyst with the London-based Commodity Research Unit (CRU) International Ltd said yesterday. After 1998, more major nickel mining projects will come on stream and prices will slide, the firm's research manager on special steel and alloys, Fidelis Madavo, told Reuters.

Tamara Bank to issue rights shares, bonds

Tamara Bank to issue rights shares, bonds JAKARTA (JP): Publicly-listed Tamara Bank will soon issue rights shares and subordinated mandatory convertible bonds to back up its short and long term financing. Hendrik Suhardiman, the bank's vice president, said yesterday that the bank expects to raise Rp 142.83 billion (US$61 million) from the issuance of both rights shares and convertible bonds.

Foreigners arrested for lacking passports

Foreigners arrested for lacking passports JAKARTA (JP): The immigration office has arrested six foreigners who failed to show legal travel documents and is hunting for a passport forgery syndicate, an official said. The arrested expatriates, all in their 20s, are M. Niki Abdelhak, Abdel Ehafouf and Berkia Hassan of Morocco, Saleban Deria of Somalia and Abdel Kadir and Eric of Algeria, the director of the immigration supervision department, Zaiman Nurmatias, said yesterday.

Soeharto dedicates eight projects in South Sulawesi

Soeharto dedicates eight projects in South Sulawesi JAKARTA (JP): President Soeharto inaugurated the new expanshen unit of a cement plant in South Sulawesi, along with seven other projects in the province, with a call for intensified industrialization and agricultural development in the country.

Perum PPD to operate more gas-fueled buses

Perum PPD to operate more gas-fueled buses JAKARTA (JP): The state-owned public bus company Perum PPD is planning to operate more gas-powered buses to try to reduce pollution in Jakarta. "The PPD will operate 490 gas-fueled buses by the year 2000," Minister of Transportation Haryanto Dhanutirto said yesterday at a hearing of the House of Representatives' Commission V for transportation, public works, tourism and telecommunications.

Daya Guna offers shares

Daya Guna offers shares JAKARTA (JP): PT Daya Guna Samudra, a fishery company based in Aru, South Maluku, which operates 150 fishing boats, plans to offer 20 percent of its shares to the public to raise between Rp 170 billion (US$72 million) and Rp 200 billion. The company said in a statement yesterday that the share offering proceeds will be allocated to finance its expansion project, strengthen its working capital and repay debts.

Flyover construction

Flyover construction From Neraca My complaint may be shared by many other road users. The construction of the flyover connecting Jl. Pramuka and Jl. Matraman in Jakarta seems to be taking a very long time. Major parts of the road are out of commission, debris is everywhere, and the roads are full of potholes. All this has resulted in a real slowdown of traffic.

Parking fee for small vehicles

Parking fee for small vehicles JAKARTA (JP): City Council Commission C for city revenues said yesterday that the owners of small public transport vehicles should pay a fee to the municipality for using its parking lots. The commission chairman, Helmy AR Syihab, said that the owners have benefited from the lots and should thus pay to maintain them. Small public transport vehicles include the city's 14,000 three-wheeled bajaj and more than 1,000 bemo, which are being phased out.

One shot dead for auto theft

One shot dead for auto theft JAKARTA (JP): West Jakarta Police have shot to death one man and arrested eight others believed to be members of a car theft syndicate that has been operating in the Greater Jakarta area. West Jakarta Police Chief Lt. Col. Andi Chaerudin said that Yusup, 32, was picked up at a hotel in Cisalak, Bogor on Monday night. He was shot after trying to resist arrest while being transported to the precinct.

Euroclear ready to expand in Asia

Euroclear ready to expand in Asia LONDON (Reuter): Euroclear said it is to expand its coverage of the Asia-Pacific debt markets with the acceptance of Indonesian, Malaysian and Thai domestic debt securities. The additions bring to eight the number of markets covered by Euroclear services in Asia, a statement said. Thai debt securities (corporate, government and state agency debt) are eligible in the system from Sept. 9.

Tariff deadlock said not to affect ASEAN free trade

Tariff deadlock said not to affect ASEAN free trade JAKARTA (JP): The insistence of Indonesia and the Philippines on pushing back the deadline for the reduction of tariffs on sensitive farm products will not damage the spirit of free trade in the Association of Southeast Asian Nations (ASEAN), officials said yesterday.

Indonesia first to qualify for Tiger Cup semis

Indonesia first to qualify for Tiger Cup semis SINGAPORE (AFP): Five first-half goals, including two from striker Peri Sandria, saw Indonesia become the first nation to qualify for the semifinals of the inaugural Tiger Cup. Sandria's goals, in the 21st and 27th minutes, pushed the Indonesians to a 6-1 win over Myanmar and gave the young forward the man of the match award. Indonesia now has a maximum nine points from three games, enough to guarantee it a place in the competition's last four.

AZCO seeks RI contract

AZCO seeks RI contract VANCOUVER, Canada (Reuter): AZCO Mining Inc said Monday it has been accepted by Indonesia's Ministry of Mines and Energy to apply for a contract on Irian Jaya. The contract was applied for under agreement with Indotan Inc., an Indonesian firm that acted as agent on behalf of AZCO. AZCO paid US$416,750 as security for the right to work, the company said. Indotan has retained a 15 percent participating interest.

Swimmer takes PON opening-day laurels

Swimmer takes PON opening-day laurels JAKARTA (JP): The 14th National Games (PON) swung into full action yesterday but failed to reach full speed as only two national records fell. It was a flat opening for the sporting event which is billed as the platform from which the country's athletes spring toward better performances at international events. However 10 meet records were broken, two in swimming and eight in weight lifting. Catherine Surya stole the limelight.

UMNO asks S'pore to end remerger talks

UMNO asks S'pore to end remerger talks KUALA LUMPUR (AFP): Malaysia's ruling party has demanded that Singapore put an end to controversial discussion of a possible remerger with Malaysia, party officials said yesterday. Prime Minister Mahathir Mohamad's United Malays National Organization (UMNO) has demanded a halt to Singapore leaders making "sensitive remarks" that could jeopardize bilateral relations, the officials said.

Disarm Christian vigilantes: Fidel Ramos

Disarm Christian vigilantes: Fidel Ramos MANILA (Agencies): President Fidel Ramos yesterday ordered the armed forces and police to disarm Christian vigilantes in the southern Philippines who have vowed to fight a peace deal between Manila and Moro rebels. Ramos said in a directive that "more forceful measures" must be applied if the group resisted government attempts to persuade them to give up their weapons, a Presidential Palace statement said.

Rapist still at large

Rapist still at large JAKARTA (JP): Police are hunting for a man who allegedly raped a housewife at a housing complex in Ciputat, Tangerang, on Sunday. A police sergeant at the Ciputat police sub-precinct told The Jakarta Post yesterday that a police team was investigating the case. The housewife, identified as Nu, 24, was reportedly raped by an armed man moments after her husband -- a shooting coach -- had left the house for work, the sergeant said. Three unidentified men entered the house.

Bank hold-up in Denpasar

Bank hold-up in Denpasar DENPASAR, Bali: Two armed men robbed two Bank Rama employees outside a branch of the small bank and escaped with Rp 25 million (US$10,638) over the weekend. A security guard at the bank, Komang Ariawan, was escorting bank employee Gde Nyoman Sugastawa, who was delivering cash from Bank Central Asia on Jl. Hasanuddin. The two employees, riding a motorcycle, were returning to their office when they realized they were being followed by two men, also on a motorcycle.

Misuari faces challenge of drawing back refugees

Misuari faces challenge of drawing back refugees By Martin Abbugao COTABATO, Philippines (AFP): Luring back about half a million refugees who fled the civil war in the southern Philippines will be a top priority of the Moslem region's new governor, analysts say.

Sujudi launches latest anti-polio drive

Sujudi launches latest anti-polio drive SERANG, West Java (JP): Minister of Health Sujudi launched the first phase of the second national anti-polio drive yesterday, which aims to immunize 21.8 million Indonesian children below the age of five. "We hope all Indonesian children will be free from polio by the year 2000," Sujudi said before dispensing two drops of the vaccine into the mouth of Ratnasari, the fourth winner in a West Java baby contest, in Kramat Watu district, Serang regency.

Dengue claims 35 lives

Dengue claims 35 lives PALEMBANG, South Sumatra: Thirty-five people died of dengue fever in the province between January and July of this year, a local official said yesterday. Zaini Saleh, head of the provincial health office's section on communicable diseases control, said the worst-hit area was the Palembang mayoralty, where 26 people died. The second worst stricken was Ogan Komering Ulu, where five of the several hundred people infected with dengue fever died, Antara reported.

Ssangyong to build flats

Ssangyong to build flats SEOUL (Reuter): Ssangyong Engineering and Construction, an unlisted unit of South Korea's Ssangyong Group, has received an order worth US$57 million to build a luxury condominium complex in Jakarta, the company said yesterday. A Ssangyong statement said the company had received the order from City Developments Ltd Group, a unit of the Singapore-based Hong Leong Group.

ASEAN officials begin two-day dialog with U.S.

ASEAN officials begin two-day dialog with U.S. BATAM Island (JP): Delegates from Association of Southeast Asian Nations (ASEAN) member states and the United States begin a two-day dialog today on political and economic issues, including human rights in Myanmar and the recent bombardment of Iraq. While the question of Iraq is not part of the official agenda, delegates said that it could be brought up during the dialog.

KL investigates robbery of RP boat

KL investigates robbery of RP boat MANILA (DPA): Malaysian authorities are investigating the captain and crew of a Malaysian navy vessel accused of robbing a Philippine fishing boat inside its own territorial waters, the Philippine armed forces chief-of-staff said yesterday. "The Malaysian authorities have taken cognizance of what happened," said Gen. Arturo Enrile. He said that Kuala Lumpur had confirmed that a navy ship was "somewhere in the area" where the incident occurred.

House blasts govt over power policy

House blasts govt over power policy JAKARTA (JP): The House of Representatives noted that the government's decision to open up only the base category of power generation to private investors is unfair. "Why don't we offer also the medium and top categories to private investment?" Iskandar Mandji, a House member, contended during a hearing between the state-owned power companies and the House Commission on Industry, Mining, Manpower and Investment.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Sept. 10, 1996: Shares Close Change Trading Volume ------------------------------------------------------ Ades Alfindo 1,200 0 0 AHAP Insurance 2,700 0 0 Alumindo Perkasa 700 -25 16,000 Andayani Megah 1,050 0 493,000 Aneka Kimia Raya 2,400 0 50,000 Anwar Sierad 2,200 125 3,907,000 Aqua Golden Mississippi 2,300 0 0 Argha Karya Prima Industry 2,975 0 0 Argo Pantes 1,900 0 0 Asahimas Flat 1,275 -50 1,745,000 Asiana IMI...

Street children not pests: Experts

Street children not pests: Experts YOGYAKARTA (JP): Experts are becoming critical of government policies which treat street children merely as "pests to be controlled", and are calling for a comprehensive examination of the problem.

'Japan unlikely to take RI to WTO'

'Japan unlikely to take RI to WTO' JAKARTA (JP): The Japanese government may drop its plan to take Indonesia's national car policy to the World Trade Organization (WTO), according to the chief of the Indonesian Business Data Center. Christianto Wibisono told reporters yesterday that Japan would instead seek a fair, or win-win, solution to end the car dispute.

RI-U.S. businesspeople boost joint intiatives

RI-U.S. businesspeople boost joint intiatives JAKARTA (JP): Indonesian and American businesspeople, buoyed by the progress of their first-year efforts, yesterday expanded their joint initiatives to four new areas they believe are crucial to improving the competitiveness of the Indonesian economy. The 75 executives, who met at the Shangri-La Hotel for the second annual Indonesia-U.S.

Unocal discovers oil

Unocal discovers oil SUGAR LAND, United States (Reuter): Unocal Corp said Monday it drilled seven successful oil and gas exploration wells in the Mahakam Delta area offshore East Kalimantan in Indonesia. "Based on the drilling to date, we currently estimate that these discoveries contain more than 40 million barrels of oil equivalent of recoverable oil and gas with a finding cost of about 50 cents per barrel," Unocal said.

Floods hit the usual places

Floods hit the usual places JAKARTA (JP): Heavy rain in much of the city from Monday night to dawn yesterday has flooded some parts of the city. Antara reported yesterday that flood-prone areas in Grogol, West Jakarta, Kampung Melayu, East Jakarta and Salemba and around the National Monument (Monas) square, Central Jakarta, had been inundated. Jl. Otto Iskandar Dinata in East Jakarta and Jl. MH Thamrin were no exception, where water ran ankle-deep. (sur)

TV today

TV today TVRI 10:00 a.m. Sports Games (PON) Report from the Senayan Sports Stadium (live) 12:00 p.m.

Japanese investors wary of Asian stocks

Japanese investors wary of Asian stocks TOKYO (Reuter): Japanese investors are becoming wary of putting money in southeast Asian securities amid political woes and economic slowdown in the area, and this has also depressed trade in Asian currencies, fund managers say. Many nations in Asia, regarded as the world's fastest-growing region, are facing declines in the pace of their economic growth for the first time in years.

Records galore fall in Games weight lifting

Records galore fall in Games weight lifting JAKARTA (JP): One national and eight Games weight lifting records were broken on the first day of the 14th National Games (PON) here yesterday. The national record was broken by Winarni of Lampung. She clean and jerked 105.5 kilograms in the women's 50kg category to beat teammate Supeni's two-year-old record by half a kilogram. Winarni twice smashed the PON record of 90kgs in the process.

Ending traffic jams

Ending traffic jams A lot has been written on the causes of traffic jams in Jakarta. Lack of discipline and too many vehicles, these have been cited as major causes. I wish to touch upon another reason which seems correctable to me. Just a look at the traffic conditions on Jl. Rasuna Said, for example, brings us face to face with it. Jl. Rasuna Said has five lanes in each direction, two jalur lambat slow lanes and three jalur cepat (fast lanes).

Asian central banks welcome BIS invitations

Asian central banks welcome BIS invitations SINGAPORE (Reuter): Asian central banks welcomed yesterday their invitations to join the Bank for International Settlements (BIS), although economists said monetary policy in the new member countries would not be affected.

Meeting to discuss cotton

Meeting to discuss cotton JAKARTA (JP): Seven U.S. industrial executives are to discuss the latest developments in the world cotton industry at the second Cotton USA Conference here today. The Indonesian Spinners Association stated yesterday that Indonesian textile producers were expected to discuss their requirements on cotton imports from the United States at the meeting.

RI unveils open skies policy for ASEAN members

RI unveils open skies policy for ASEAN members JAKARTA (JP): The government announced yesterday a full open skies policy for the Association of Southeast Asian Nations (ASEAN) eastern subregional growth area linking several Indonesian provinces in Kalimantan and Sulawesi and the neighboring nations of Brunei, Malaysia and the Philippines.

Bird-nest looters detained

Bird-nest looters detained BANDUNG: Police arrested nine suspected criminals yesterday who specialized in looting bird nests, which are a popular Chinese delicacy. According to City Police Chief Lt. Col. Subagio Ishak, the gang leader, identified only as HY, admitted to having committed at least 15 burglaries in West Java. "The gang usually loots bird nest merchants after they have observed their potential victims," Subagio said.

PNG rebels claim 13 govt troop deaths

PNG rebels claim 13 govt troop deaths SYDNEY (Reuter): Rebels on Papua New Guinea's Bougainville Island yesterday reported killing 13 soldiers in an attack that Prime Minister Sir Julius Chan said was a setback to peace in the South Pacific's longest armed conflict. Exact details of Sunday's attack remain unclear.

Catherine wins 2 golds on PON return

Catherine wins 2 golds on PON return JAKARTA (JP): West Java's best swimming hope, Catherine Surya, restored her tainted pride with a glorious return to the National Games here yesterday. Catherine, one of five sinners found guilty of taking banned substances at the previous Games three years ago, splashed to a double gold in the 200-meters butterfly and 50m freestyle.

PM Klaus ends Malaysian visit

PM Klaus ends Malaysian visit KUALA LUMPUR (AFP): Czech Prime Minister Vaclav Klaus wound up his three-day visit to Malaysia yesterday, during which he witnessed the signing of a bilateral investment guarantee pact to boost economic ties. The Czech Republic was the 50th country to have signed the investment pact with Malaysia, officials said. Klaus was here as part of a three nation Asian tour that will take next him to Singapore. He visited Japan before his arrival in Kuala Lumpur.