Indonesian Political, Business & Finance News

Archive: 30 September 1996

47 articles found

Movie theaters facing bankruptcy

Movie theaters facing bankruptcy MATARAM, West Nusa Tenggara: At least 36 movie theaters in the province are facing bankruptcy because revenues are so low they can no longer cover operational costs. Theater owners are asking the provincial administrator to reduce the entertainment tax. "The situation of movie theaters in this area is deplorable, we ask for a tax reduction to survive," Achmad, a theater owner told Antara on Saturday.

Unfair practices in RI inefficient: Economist

Unfair practices in RI inefficient: Economist JAKARTA (JP): Indonesia needs to resolve several problems in its economy in order to face global trade liberalization effectively, a prominent economist says. Djisman S. Simandjuntak, executive director of the Prasetiya Mulya graduate school of management, said here on Saturday that Indonesia must make several adjustments in its economy because ever since its independence in 1945, "it has never really fancied a market economy".

ISEI to discuss market economy

ISEI to discuss market economy JAKARTA (JP): Executives of the Indonesian Economists Association (ISEI) will discuss the emergence of a managed market economy in the 21st century at their 13th congress in Medan, North Sumatra, next month. ISEI announced over the weekend that the three-day congress, which will start on Oct. 10, will be attended by ISEI executives as well as academicians, people interested in economic issues and practitioners from the government and private sectors.

RI to raise coffee output

RI to raise coffee output LONDON (Reuter): Indonesia's coffee production is expected to reach 500,000 tons in 1997/98 (Oct/Sept) from an estimated 480,000 in 1996/97, an Indonesian official said here. Oesman Soedargo, chairman of the Association of Indonesian Coffee Exporters, told Reuters Friday that annual domestic consumption was expected to remain at 120,000 tons. Soedargo is an Indonesian delegate at a London meeting of the Association of Coffee Producing Countries (ACPC).

Experts lament govt policy on poverty eradication

Experts lament govt policy on poverty eradication JAKARTA (JP): The government lacks the political commitment to narrow the widening gap between the rich and the poor and to curb conglomeration in the country's business activities, economists said at a seminar over the weekend.

Stock prices expected to be stable this week

Stock prices expected to be stable this week JAKARTA (JP): Stock prices on the Jakarta Stock Exchange (JSX) are predicted to be stable this week on lack of fresh news while speculations on certain stocks, including Astra International and the Lippo Group's financial affiliates, are likely to continue, dealers said. A dealer said that rumors of a possible takeover are expected to further buoy transactions on Astra shares.

Local press accused of dramatizing AIDS stories

Local press accused of dramatizing AIDS stories JAKARTA (JP): The local mass media tends to sensationalize reports on cases of AIDS, giving the public the wrong perception about the disorder, a senior journalist said yesterday.

Omni Batavia's first anniversary

Omni Batavia's first anniversary JAKARTA (JP): Omni Batavia hotel on Jl. Kalibesar Barat, in West Jakarta, celebrated its first anniversary by offering free circumcisions for children from poor families and orphanages.

Indian developers hold exhibition

Indian developers hold exhibition JAKARTA (JP): A total of 25 companies from India, most of which operate in the property sector, are luring investors and property buyers from Indonesia in a three-day exhibition at the Jakarta Fairgrounds which lasts until today. The "Indian Property & Investment Exhibition '96" was opened Saturday by Indian Ambassador Shri. Sudhir T. Devare after a half-day seminar entitled "Investment Opportunities in India".

EAGA calls to improve communications systems

EAGA calls to improve communications systems By Benget Simbolon Tnb. MANADO, North Sulawesi (JP): A seminar on investment opportunities in eastern Indonesia under the East ASEAN Growth Area (EAGA) concluded here over the weekend with a call to improve telecommunications and transportation systems in the area.

Architect urges review of Greater Jakarta planning

Architect urges review of Greater Jakarta planning JAKARTA (JP): The chairman of the city's Urban Design Review Board, M. Danisworo said all development plans for Greater Jakarta should be re-evaluated. This would provide a basis for the municipal administration to centralize planning, Danisworo told The Jakarta Post in an interview at the 7th Asian Congress of Architects, which ended on Thursday.

ABRI again warns of communism

ABRI again warns of communism JAKARTA (JP): The Armed Forces (ABRI) renewed its warning of a possible communist revival in Indonesia, saying the threat was real, not imaginary as some people claimed. Although the Indonesian Communist Party (PKI) has been eliminated and banned, its ideology is still very much alive, ABRI Chief Gen. Feisal told a seminar on Saturday, which was held to mark the 31st anniversary of the crushing of a PKI coup plot.

Asia's Moslem countries condemn Israel for violence

Asia's Moslem countries condemn Israel for violence HONG KONG (Reuter): Predominantly Moslem countries in Asia were quick to condemn Israel yesterday for the mounting bloodshed in Jerusalem, the West Bank and Gaza Strip, while most others urged both Israelis and Palestinians to show restraint.

S'pore sees less tourists

S'pore sees less tourists SINGAPORE (AFP): Tourist arrivals in Singapore fell 4.8 percent year-on-year to 655,108 in August but registered the highest total for a single month so far in 1996, officials said. Arrivals from Japan, Singapore's largest tourist market, were down and declines were also posted in traffic from Indonesia, Taiwan, Malaysia and South Korea, but more American, British and Australian tourists came in August.

Indosat to set up new ground network

Indosat to set up new ground network JAKARTA (JP): The state-owned international telecommunications provider PT Indosat will set up a new ground satellite network in Gresik, East Java to support the telecommunications services of the international organization Inmarsat.

New status for Yogyakarta police

New status for Yogyakarta police YOGYAKARTA: The Yogyakarta police force was administratively upgraded over the weekend from a regional sector force under the command of the Central Java police to a new independent command. During a ceremony attended by National Police Chief Lt. Gen. Dibyo Widodo, police Col. Mulyono Sulaiman was inducted as the new Yogyakarta police chief replacing Col. Darsono who headed the old police command.

New Order reminded of its commitment

New Order reminded of its commitment JAKARTA (JP): As President Soeharto's New Order administration turns 30, more people are reminding it of its original commitment to creating an honest, just and truthful government, Gen. (ret.) Abdul Haris Nasution said Saturday. Nasution, affectionately known as Pak Nas, said that many New Order government officials had breached this commitment.

Corruption: How to fight it?

Corruption: How to fight it? We often read statements from government officials and community leaders that we must fight corruption, that we must fight collusion, that we must fight communism, that we must fight primordialism and other evil things. But all these statements have little value if we do not mention how to fight them. The government warns people to be alert against possible communist activity, but where are the government guidelines on how to fight it.

Thai PM Banharn takes revenge on his allies

Thai PM Banharn takes revenge on his allies By Harvey Stockwin HONG KONG (JP): Thai Prime Minister Banharn Silpa-archa took his revenge on his allies in the ruling six-party coalition when he asked King Bhumibol last Friday to dissolve parliament and set a new general election for Nov. 17. Banharn's decision to dissolve was one in which none of his coalition partners participated.

Multiparty system is up to the people, scholar says

Multiparty system is up to the people, scholar says JAKARTA (JP): Political professor Deliar Noer says the people should be allowed to determine how many political parties Indonesia needs through general elections, rather than by legislations. A multiparty election system would more effectively limit the number of parties people wish to have, the former University of Indonesia lecturer told a seminar on Saturday.

Major transition period for the Jaya Group

Major transition period for the Jaya Group By Johannes Simbolon JAKARTA (JP): With initial asset of just Rp 10 million in 1961, PT Pembangunan Jaya has turned itself into a major business house in 35 years. Now, it has more than 60 subsidiaries, with total assets of Rp 5 trillion (US$2.13 billion), generating a net profit of Rp 400 billion last year. In a newly-published book on the group, titled Kiat Menjadi Konglomerat. Pengalaman Grup Jaya (Strategy to becoming a Conglomerate.

Shell shuts down refinery

Shell shuts down refinery SINGAPORE (Reuter): Shell Singapore plans to shutdown a 35,000 barrels-per-day (bpd) cracker for a scheduled month-long maintenance beginning November 1, a source close to the company said. The long residue catalytic cracker converts low sulfur residues into gasoline and middle distillates. The shutdown of the cracker and the Balongan refinery in Indonesia is expected to keep tight the gasoline supplies in the region, traders said.

Sacked officer questioned over Tangerang riot

Sacked officer questioned over Tangerang riot JAKARTA (JP): First Lt. Mahyudin Chaniago, who was dismissed from his post as chief of the Kronjo subprecinct in Tangerang Thursday, is now undergoing questioning concerning the recent riot in which his office was damaged. "Through the questioning, we expect to be able to determine what rules the officer might have violated and what punishment he might face," National Police Chief Lt. Gen. Dibyo Widodo said here on Saturday.

Exciting Internet applications and new technologies

Exciting Internet applications and new technologies By Zatni Arbi JAKARTA (JP): We all know Intel Corporation, the company that has brought us the 8086, 8088, 80286, 80386, 80486, Pentium and Pentium processor chips. The history of the PC is the history of Intel itself, although this Silicon Valley-based company also makes other microprocessors such as the i960 processors used in Lexmark's Optra N 240 and N 245 printers.

PON funds

PON funds From Neraca Long before the Games started, donations from the public were collected to ensure its success. This was done in various ways -- added to cinema and plane tickets, telephone and electricity bills, and even to the fees for getting vehicle documents. Donations from cinema 21 viewers, air passengers, or telephone owners might not be a burden to them, and may indeed be hardly noticeable to them.

Ancol water supply disrupted

Ancol water supply disrupted JAKARTA (JP): An official of the city-owned water company (PD PAM Jaya) announced Saturday that the company will have to disrupt the water supply to Ancol and surrounding areas in North Jakarta for up to 14 hours on Oct.1 and Oct.2. Agus Tabrani, PAM Jaya's marketing head, said the disruption is due to replacement of the valve on a pipe located in front of Diamond supermarket on Jl. R.E. Marta Dinata, North Jakarta. The work will start at 8 p.m on Oct.

Lerma overweight in first weigh-in

Lerma overweight in first weigh-in JAKARTA (JP): Defending World Boxing Federation welterweight champion Jaime Lerma was overweight yesterday at the first weight-in at the Sahid Jaya Hotel in preparation for tonight's fight against Indonesian Suwito Lagola. The Texan boxer had to lose eight ounces. But two hours and a workout later, Lerma met the maximum weight requirement by weighing 66.6 kilograms, his normal fighting weight.

The voice of conscience

The voice of conscience Arief Budiman's article Govt. and people may dance to different tunes (Sept. 25, 1996) was most worth reading. There he showed his consistence once again. His criticism is sharp yet constructive and painfully touches the reader's conscience. I'm sure even those who have developed thick layers of brick around their conscience can hear that deep inner voice calling out after reading his article.

Negroponte makes computers more human

Negroponte makes computers more human By Dean Carignan JAKARTA (JP): When will we begin to speak to our computers instead of typing on them? When will they help us make decisions -- or perhaps make decisions of their own? These are the questions that occupy the mind of Nicholas Negroponte.

English boosts lecturers' careers

English boosts lecturers' careers BANDAR LAMPUNG, Lampung: Lecturers at Lampung University cannot hope for promotion unless they master the English language. Rector Alhusniduki Hamim has made it a rule that teachers must pass the Test of English as a Foreign Language (TOEFL) to get promotions. Alhusniduki was quoted by Antara as saying on Saturday that many lecturers questioned the policy when it was first implemented 10 years ago.

TV today

TV today TVRI 2:35 p.m. TV Series: Saber Rider 3:05 Children Program: Anak Anak Indonesia 3:30 TV Series: Major Dad 4:05 Science Film 4:30 Education Quiz: Cepat Tepat 5:00 Evening News 5:25 Travel 6:00 News: Lintasan Berita 6:05 Travel 6:15 Village Program 6:35 Nationalty: Hankamnas 7:00 Evening News 7:25 Garuda Pancasila/Filler/Teller 7:30 TV Series: Sketsa Asa Kanvas 8:00 News: Lintasan Berita 8:05 Talk: Mozaik 9:00 World News 9:30 Music: Nada dan Irama 10:30 Late News 10:40 TV Series: Santa...

Five firms to go public

Five firms to go public JAKARTA (JP): Chairman of the Capital Market Supervisory Agency I Putu Gede Ary Suta confirmed that at least five companies, including the state-owned Bank Negara Indonesia 1946, will go public in the next three months. Putu told journalists over the weekend the confirmation was based on the number of registration statements accepted by the agency as of Sept. 27. "The number might increase if other companies submit registration statements in the next few weeks," he said.

Fashion model Soraya taps Internet's benefits

Fashion model Soraya taps Internet's benefits JAKARTA (JP): Fashion model Soraya Haque says the Internet has become a useful tool in her profession, although she wouldn't let her children near it. Through the Internet, Soraya said she obtains information on fashion, including schedules of fashion shows worldwide and lists of modeling agencies and schools, in a short time.

Impact of violent TV films

Impact of violent TV films From Media Indonesia Indonesian television has made rapid progress over the last five years with the presence of private stations, RCTI, SCTV, TPI, Indosiar, and ANteve. All five stations are presently locked in stiff battle over ratings. Television experts once predicted that of the five stations, only two or three might survive. The forecast was way off.

Observers condemn civil servants' plan for Golkar

Observers condemn civil servants' plan for Golkar SEMARANG, Central Java (JP): Academics and legislators censured Saturday the Indonesian Civil Servants Corps (Korpri) for requiring each of its members to garner at least 10 votes for the ruling political organization, Golkar. "It is in violation of human rights, especially if it means forcing Korpri members' relatives to vote for Golkar," said political scientist Is Susanto of Diponegoro University.

Southeast Asian nations' nuclear treaty faces last hurdles

Southeast Asian nations' nuclear treaty faces last hurdles By Agus Tarmidzi This is the first of two articles on the Southeast Asia Nucle ar Weapons Free Zone treaty. GENEVA (JP): Despite generally sharing the same customs, norms and traditional values, the countries in the Southeast Asia region have not been able to totally avoid strife. The region has long been known to host endemic conflicts.

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.

Surakarta to kick off aggresive tourism drive

Surakarta to kick off aggresive tourism drive SURAKARTA (JP): This Central Java town, also known as Solo, will launch a one-month tourist drive called the Solo Great Sales on Oct. 15 to anticipate a greater influx of tourists with the opening of Adisumarno airport as an international gateway.

Rise of portfolio investment

Rise of portfolio investment By Sahala Sianipar ATHENS, Ohio, U.S.A. (JP): Portfolio investment has received significant attention due to its critical role in the development of emerging capital markets. In a conference to commemorate the anniversary of the Indonesian capital market in August 1996, conference participants agreed that the Indonesian market would continue to be highly volatile given the dominance of foreign investors through their portfolio investment in the market.

Governor says Portugal afraid

Governor says Portugal afraid DILI, East Timor: Governor Abilio Jose Osorio Soares said here on Saturday that the continued postponement of discussions on East Timor at the United Nations shows that Portugal is scared of a head-on debate on it. "For Portugal's own interest the issue has to be postponed. If it wasn't they would lose," he said as quoted by Antara. The UN General Assembly has postponed discussion of East Timor for the 14th consecutive time.

Metrorealty builds second tower in Kuningan

Metrorealty builds second tower in Kuningan JAKARTA (JP): PT Pacific Metrorealty, a private sector company piloted by local tycoon Sudwikatmono, will launch the sale of its second tower in the golden triangle business area of Kuningan in South Jakarta tomorrow evening. Adjacent to the first tower, the Menara Imperium, the 50-story Graha Kuningan has a total of 247,000 square meters of space which will be offered for office use under the strata title system at US$2,500 per square meter.

Ramayana enters Batam

Ramayana enters Batam JAKARTA (JP): The publicly-listed PT Ramayana Lestari Sentosa retail chain opened a 5,000-square-meter department store at the Mal Jodoh Marina on Batam island yesterday. "The new Ramayana Department Store is our second retail center outside Java after the 4,000-square-meter outlet, which we opened at Kuta Center in Bali in the middle of this month," Ramayana's President Agus Makmur said yesterday.

Promoting true literacy

Promoting true literacy In this era of information, few things can be more important for a person in order to be able to communicate and express him or herself properly than to be literate in the truest sense of the word. To be able to receive and give information in a clear and effective manner through writing. Sadly, too many Indonesians appear to be lacking in this respect, if the opinion of experts and concerned observers is to be believed.

Indonesian shuttlers dominate U.S. Open

Indonesian shuttlers dominate U.S. Open ORANGE, California (Reuter): Indonesia dominated the finals of the U.S. Open Badminton Championships on Saturday, winning four of the five events -- the men's and women's singles and doubles. Top-seeded Joko Suprianto remained atop the international men's singles rankings after beating Denmark's second-seeded Poul-Erik Hoyer-Larsen 15-13, 15-13 on Saturday night at the Orange County Badminton Club.

17 Indonesian sailors rescued near Penang

17 Indonesian sailors rescued near Penang PENANG, Malaysia (AFP): Seventeen Indonesian crew were rescued by local fishermen yesterday after their cargo vessel sank during a storm off Malaysia's northern island of Penang late Friday. Police said a trawler found the Indonesians clinging to two rafts made from life buoys, plastic water bottles and life jackets, at 2 a.m. yesterday, several miles off Penang island.

Brothers arrested for assault

Brothers arrested for assault JAKARTA (JP): Police have arrested two brothers for assaulting a neighbor at a housing complex on Jl. Siliwangi in the Jati Asih district, Bekasi. City Police Spokesman Maj. I Nyoman Suriasta said on Saturday that the two brothers, identified as Ibrahim, 23, and M. Toha, 24, badly beat up their neighbor, identified as Sugeng Warto, on Thursday night.

Celebrities participate in anti-AIDS discussion

Celebrities participate in anti-AIDS discussion JAKARTA (JP): An AIDS talk Saturday, which involved musicians and other artists, ended with a noisy game of who dared to take tests for HIV and who didn't. "I would take the test," Titi Qadarsih, a senior entertainer, former model and current fitness instructor said. "I would bear the consequences... and spread the word that carefree, pleasant sex is not pleasant at all because it is dangerous." "I could not do it," a painter said.