Indonesian Political, Business & Finance News

Archive: 27 January 1997

46 articles found

Transmigration has big impact

Transmigration has big impact PALANGKA RAYA: Over 300,000 people have been resettled under the state-sponsored transmigration program in the past 12 months, an official said Saturday. Chief of the local transmigration office Wagiyo said the resettlers, mostly from Java, had been placed in 175 resettlement units. He said transmigrants had made enormous contributions to the development of Central Kalimantan, especially in agriculture, manpower and in clearing unused land for agriculture.

Subway system for Jakarta is essential

Subway system for Jakarta is essential A few days ago the difficulties that stand in the way of building a subway system for Jakarta were revealed by Governor Surjadi Soedirdja when he asked for assistance from House Commission II for home affairs. The biggest obstacle, according to the Governor, is the government's ruling prohibiting regional administrations from seeking soft foreign loans.

Bakrie denies selling stake in PT Indocopper

Bakrie denies selling stake in PT Indocopper JAKARTA (JP): The chairman of the Bakrie Group, Aburizal Bakrie, has denied rumors that the Group's stake in PT Indocopper Investama Corporation (IIC) is to be acquired by tycoon Mohamad "Bob" Hasan. Aburizal said that if the Group decided to sell its shares in IIC -- a 9.36-percent stake holder in PT Freeport Indonesia -- it could be acquired by anyone and was not limited to Bob Hasan's PT Nusantara Ampera Bakti (Nusamba).

Deregulation of RP oil industry ordered

Deregulation of RP oil industry ordered MANILA (AFP): Philippine President Fidel Ramos ordered over the weekend the full deregulation of the country's oil industry from Feb. 8. The decision ends a policy of state subsidies to the politically sensitive sector one month ahead of the original schedule for deregulation, the government said.

Prabowo denies knowing robbers

Prabowo denies knowing robbers JAKARTA (JP): The commander of the Army's special force (Kopassus), Maj. Gen. Prabowo Subiyanto denied yesterday the involvement of any of his subordinates in various crimes. Speaking to reporters, Prabowo, President Soeharto's son-in- law, said there was no sign that members of Kopassus were involved in the fatal robbery on the Jagorawi toll road last October.

Seven killed in bus crash

Seven killed in bus crash PEKANBARU, Riau: Seven people were killed and 20 injured when a bus crashed into a stalled dump truck on a highway connecting Pekanbaru and Buton on Saturday. There were fears the death toll could rise as some of those hospitalized had sustained serious injuries. Police said the collision, between Silvana and the truck in the Bengkalis district, occurred while the bus traveled from Pekanbaru to Buton.

Soeharto calls for religious, ethnic unity

Soeharto calls for religious, ethnic unity JAKARTA (JP): President Soeharto called for religious and ethnic unity over the weekend and reminded the nation that everybody belongs to the same human race. Addressing a gathering of Moslems at the Istiqlal Grand Mosque here Saturday, Soeharto said the Holy Quran and Prophet Muhammad taught that all people are bound by one human race.

Unrest detrimental to democracy: Scholar

Unrest detrimental to democracy: Scholar JAKARTA (JP): Further unrest could derail the development of democracy In Indonesia, a Moslem scholar said Saturday. If the political situation in the country gets out of control, the government could take repressive measures to restore order, said Adi Sasono, the chairman of the Center for Information and Development Studies (CIDES).

Minimum wage rise fails to impress most workers

Minimum wage rise fails to impress most workers JAKARTA (JP): Most workers have shown no enthusiasm over the government's recent announcement of wage increases, saying the increase would not really help them met their daily needs. Ani, 21, and Wawan, 25, two workers of a bra manufacturer in Kemandoran, West Jakarta, said the wage increase was insignificant.

Placer Dome optimistic in battle for Busang mine

Placer Dome optimistic in battle for Busang mine JAKARTA (JP): Canadian mining giant Placer Dome Inc remains upbeat about its chances of victory in the battle for the Busang gold mine in East Kalimantan despite the fact that its main rival, Barrick Gold Corp, is close to sealing a partnership deal with Bre-X Minerals. Placer Dome's Chief Executive Officer John Willson said here Saturday that there was still an opportunity for his company to form an alliance with Bre-X.

President to open bazaar

President to open bazaar JAKARTA (JP): Governor Surjadi Soedirdja said President Soeharto is scheduled to open a bazaar at the National Monument on Jl. Medan Merdeka Selatan, Central Jakarta, Wednesday. At the opening ceremony, the President will also inaugurate the national cooperative movement called Gerakan Sejuta Anggota Koperasi (the Movement of One Million Cooperative Members). Soeharto will also officiate a display of city-sponsored small stores called Gelar Logo Waserda.

Illegal workforce critical in Malaysia

Illegal workforce critical in Malaysia KUALA LUMPUR (AFP): The number of illegal immigrants in Malaysia has reached a critical level, prompting the government to order top security officials to resolve the issue, reports said yesterday. There are more than one million illegal laborers in the country, officials said. The crackdown was launched this month following the expiry of a six-month amnesty on Dec. 31.

Sudomo criticized for blaming riot in Islamic group

Sudomo criticized for blaming riot in Islamic group SEMARANG (JP): The chairman of the Supreme Advisory Council, Sudomo, has been challenged in public and in court for his statement suggesting that an Islamic group was behind last month's rioting in the West Java town of Tasikmalaya. In Yogyakarta, a group of young Moslem students announced their intention to file a complaint of libel against Sudomo.

Man murdered in morgue

Man murdered in morgue MADIUN, East Java: A prisoner was beaten to death last week by a fellow inmate after a practical joke backfired. Prison officials said the incident occurred last Wednesday when the victim, Sadikin, 19, and the accused, Busano, 25, were working in the morgue. It appeared Sadikin ran out of the morgue, locking Busano inside as a joke. Sadikin released Busano after he screamed and repeatedly kicked the door. Wielding a peace of wood, Busano knocked Sadikin unconscious.

New tax rates for Americans

New tax rates for Americans JAKARTA (JP): The Directorate General of Taxes has set new income tax rates for American individuals or corporations operating in Indonesia. The directorate general said over the weekend a 10 percent income tax rate would be applied to dividends accrued by American corporations controlling at least a 25 percent stake in a company incorporated in Indonesia.

Poor use of fuel in RI

Poor use of fuel in RI JAKARTA (JP): Indonesians are still wasteful in energy that the country has to import a lot of fuel, especially diesel fuel, Minister of Mines and Energy I.B. Sudjana said Saturday. As a result of the energy wasteful habit, he said, some people, even today, have not been able to enjoy certain basic facilities like electricity.

Mahathir questions criticism of airline

Mahathir questions criticism of airline KUALA LUMPUR (AFP): Recent criticism of Malaysia Airline System's (MAS) declining performance could be part of a campaign to topple its chairman, Prime Minister Mahathir Mohamad said in remarks published Saturday. Mahathir called for a halt to the "bad press" given to high- flying entrepreneur Tajudin Ramli, saying it was a ploy to discredit MAS management by those keen to take-over the national carrier. "It looks like a campaign to remove Tajudin.

CyberVision: Japanese monitors for the cost-conscious

CyberVision: Japanese monitors for the cost-conscious By Zatni Arbi JAKARTA (JP): A friend, Mr. Mohan, one day asked me whether I really believed it was worth it to spend an extra Rp 500,000 (US$209) to Rp 700.000 just to gain an additional inch of viewing space on my PC monitor. These figures were, and still are, roughly the price difference between a good 14" GTC Digital monitor and a Samsung or Sony 15".

Jakarta expects more than 1.6m tourists in 1997

Jakarta expects more than 1.6m tourists in 1997 JAKARTA (JP): The upcoming general election will slow down exhibitions and conventions, both major tourist attractions here, but the city still expects more than 1.6 million visitors this year, the head of the tourist agency said. This would be an 8 percent increase from last year, Fauzi Bowo said over the weekend. He said the city had more than 1.5 million visitors last year.

Trading outlook upbeat despite profit taking

Trading outlook upbeat despite profit taking JAKARTA (JP): The buying mood on the Jakarta Stock Exchange (JSX) is expected to remain strong despite a profit taking which hit several big shares at the end of the week. Most securities analysts told The Jakarta Post over the weekend that a correction in midweek was normal and would not affect this week's buying sentiment. "After a strong rally, the index declined at the end of the week and it was normal," one of them said. Laksono D.

'Upset electorate could lead to election boycott'

'Upset electorate could lead to election boycott' JAKARTA (JP): Including the relatives of top government and military officials on the list of House of Representatives candidates could lead to widespread voter apathy and a possible boycott of the election, two political analysts said Saturday. "Nepotism is a bad diet for the political system," Ridwan Saidi, a former legislator who helped found the Independent Election Monitoring Committee (KIPP) last year, told The Jakarta Post.

18 hoodlums arrested

18 hoodlums arrested CILEGON, West Java: Police last week detained 18 hoodlums accused of extorting traders and travelers in Merak port. Chief of the Cilegon police precinct Lt. Col. Indra said Saturday the operation against street thugs aimed to improve security in the vicinity in the lead-up to Idul Fitri holidays. The hoodlums were brought to the Serang district court on various charges, ranging from extortion to pick-pocketing, Antara reported.

Thai farmers protest falling crop prices

Thai farmers protest falling crop prices BANGKOK (Agencies): Thousand of Thai farmers yesterday staged a protest against falling crop prices and government actions in land rights disputes and said they were prepared to camp outside Government House for months. Around 8,000 farmers and villagers staged a sit-in outside Government House yesterday and more were expected to join them, police at the scene said.

Maybank's profits jump

Maybank's profits jump KUALA LUMPUR (AFP): Malayan Banking Bhd. (Maybank) reported Saturday that net profits rose 39.4 percent from a year earlier to 654.57 million ringgit (US$261.83 million) in the six months to December. Malaysia's biggest bank said its net interest income rose 28.2 percent to 1.6 billion ringgit while earnings per share grew 39 percent to 57.2 sen.

People want fair share of natural resources

People want fair share of natural resources The furor over East Kalimantan's Busang gold deposits continues, with some calling for the project to be abandoned until a capable state company can be brought in. Scholar Ramlan Surbakti looks at the issue from a constitutional perspective.

RP 'to purchase fighter squadron'

RP 'to purchase fighter squadron' MANILA (AFP): The Philippines is expected to start receiving offers for at least a squadron of fighter aircraft by the middle of the year to launch a US$12.7 billion modernization program, the country's top military official said. Gen.

Ramadhan time for Jakarta

Ramadhan time for Jakarta Monday Maghrib 6:19 p.m. Tuesday Imsak 4:23 a.m. Subuh 4:33 a.m.

TV today

TV today TVRI 2:30 p.m. Travel: My Country 2:35 TV Series: Buck Rogers 3:05 Children's Program: Anak Anak Indonesia 3:30 TV Series: Fresh Prince of Bell Air 4:05 Science Film 4:30 Education Quiz: Cepat Tepat 5:00 Evening News 5:25 My Country 5:30 Family Program: Kesejahteraan Keluarga 6:00 News: Lintasan Berita 6:05 Nusantara, the Beloved Country 6:15 Village Program 6:30 TVRI News 7:00 Evening News 7:30 Development Program: Hankamnas 8:00 News: Lintasan Berita 8:05 Talk Show: Mozaik 9:00 World...

Sony to use local design

Sony to use local design JAKARTA (JP): PT Sony Electronic Indonesia, a subsidiary of Japan's Sony Corporation, will begin designing modified audio products in Indonesia later this year. Company president T. Tezuka said here over the weekend that after a two-year period of training and preparation, Sony would enter local design, mechanical design and electrical audio production later this year.

Workers strike over Idul Fitri pay

Workers strike over Idul Fitri pay BOGOR, West Java (JP): Hundreds of workers of garment factory PT Karawang Utama went on strike Friday, demanding full payment of their Idul Fitri allowances, Antara reported. The management had earlier said it would paying the allowances in three installments: the first at the end of this month, the second in May, and the third in July.

Investors eye Kalimantan

Investors eye Kalimantan JAKARTA (JP): A number of investors from the neighboring Malaysian state of Sabah have been eying natural resources of Central Kalimantan province. Abdul Karim, head of the provincial investment board, told newsmen over the weekend that some 100 Sabah businessmen, to be led by Sabah chief minister Dato Yong Teck Lei, were scheduled to visit the province next March to explore the possibility of making investment here.

Monitoring the rumbles

Monitoring the rumbles The Armed Forces has confirmed that alert command centers to monitor situations and rumors that could incite social unrest will be established nationwide on Jan. 30. Creating the alert centers, first announced by President Soeharto some 10 days ago, is an effort to prevent the recurrence of riots like those in Situbondo and Tasikmalaya near the end of last year.

Lampung has around 25 tigers: Survey

Lampung has around 25 tigers: Survey BANDAR LAMPUNG, Lampung: A recent survey suggests there may be between 20 and 25 Sumatran tigers in Way Kambas National Park. The survey by the Tiger Project, a program assisted by several international organizations concerned with endangered species, dismissed fears that the tigers were nearly extinct in Lampung.

Bimantara plans to launch new car this year: Jongkie

Bimantara plans to launch new car this year: Jongkie JAKARTA (JP): PT Citramobil Nasional, a subsidiary of Bimantara Citra group, is set to launch a new car this year amid stiff market competition. President of the firm Jongkie D. Soegiarto said last week the firm would go ahead with the plan despite a workers' strike at the company's principal in South Korea. "The strike in South Korea will not have a big impact on Citramobil Nasional," he said.

Asia can stand up to rich nations: Gujral

Asia can stand up to rich nations: Gujral NEW DELHI (Reuter): India said on Saturday that developing nations in Asia had the economic muscle to stand up to rich nations but that trade and investment ties in its neighborhood needed to be strengthened. Foreign Minister Inder Kumar Gujral said India and members of the Association of South East Asian Nations (ASEAN) had the resources and markets to compete with industrialized economies in the northern hemisphere.

Electric fence to help protect rare rhinos

Electric fence to help protect rare rhinos JAKARTA (JP): A new breeding ground for rare Sumatra rhinos in Lampung will be enclosed by solar-powered, electric fences to keep the animals in and potential intruders out, Antara reported. The fence will carry a voltage strong enough to provide instant "shock therapy" to the rhinos and intruders, the head of the Tanjungkarang Natural Resources Conservation Agency, Harjanto, was quoted as saying Saturday.

Perumka acts to deter scalpers

Perumka acts to deter scalpers JAKARTA (JP): In a bid to deter ticket scalpers from extorting money from Idul Fitri travelers, the state-owned railway company Perumka has set a new rule on buying train tickets from automatic machines. The head of Perumka operations in Jakarta, Cikampek and Merak, Eddy Sasongko, said recently people who want to buy tickets from the computerized automatic machines can now only get four tickets a day.

Bogasari raises flour output

Bogasari raises flour output JAKARTA (JP): To anticipate a greater flour demand during the Idul Fitri holiday season, the country's largest flour producer, PT ISM Bogasari Flour Mills, has been increasing its output, a company director said Saturday in Surabaya, East Java. The director, Franciscus Welirang, said that in the last week, Bogasari has upped its flour production by 30 percent from 10,000 tons per day to 13,000 tons.

Gus Dur warns on social apathy

Gus Dur warns on social apathy JAKARTA (JP): Moslem scholar Abdurrahman Wahid has warned against the development of human resources for the sake of national development alone, citing a growing social apathy as the result of obsession with this goal. The improvement of human resources for the sake of physical development alone would turn people into mere components, akin to other instruments of development, such as natural and capital resources, he said yesterday.

Social unrest

Social unrest The controversy over the recent violence in Situbondo, Tasikmalaya and West Kalimantan have triggered different comments from government officials and political observers. Some believe the widening economic and political disparities may be one of the main factors to have ignited the violence. It is also important to note that people have felt and experienced injustice and unfair treatment from the government. Many of the government's policies are inconsistent.

Riau Andalan sells assets to pay debts

Riau Andalan sells assets to pay debts JAKARTA (JP): PT Riau Andalan Pulp & Paper (Riaupulp) is selling its nonproductive assets to repay its bonds and other long-term debts, according to a company senior executive. W. Michael Verge, the company's director of finance, said some of the assets had been sold, including a 135-megawatt power generator worth US$266 million.

YLBHI opens legal training

YLBHI opens legal training JAKARTA (JP): The Jakarta Legal Aid Foundation (YLBHI) has opened registration for its annual program for law graduates and students to follow legal aid training at its office. The program will take place at its office on Jl. Diponegoro 74, Central Jakarta from March 4 to April 8. Prospective participants, which must go through a selection process, are required to have at least 130 credit units and must not be more than 26 years old.

Return of local customs inspections feared

Return of local customs inspections feared JAKARTA (JP): Indonesian and foreign businesspeople are nervously awaiting news on the status of the preshipment inspection (PSI) system for imports with a new customs law taking effect in April. Importers and most other businesspeople, who depend greatly on imports, seem to be horrified by the possibility of customs officials regaining the authority to inspect imports at ports of unloading.

Govt bureaucracy needs a new outlook

Govt bureaucracy needs a new outlook By Hendrajit JAKARTA (JP): If there is a lesson to be learned from the recent riots in Tasikmalaya and Situbondo it is a new look at the role of the government in protecting public interest. In the past thirty years, decisions in Indonesian politics have been made autonomously by political leaders on behalf of a passive population.

VW to invest in India

VW to invest in India BOMBAY (AFP): German automaker Volkswagen plans to invest more than US$100 million in a joint venture car factory in India, The Economic Times reported here Saturday. A Volkswagen official was quoted as saying that the company was likely to join forces with an Indian firm to set up the factory, expected to be built in the southern city of Bangalore. Two Indian companies have been shortlisted for the joint venture, it said.

Hastin Bank gets ISO-9001

Hastin Bank gets ISO-9001 JAKARTA (JP): Certification agencies Societe Generale de Surveillance and PT Sucofindo awarded ISO-9001 quality management system certificate to Hastin Bank over the weekend. The bank's president Anwary Surjaudaja said the ISO-9001 certificate was awarded to Hastin Bank for the design of banking products and the provision of corporate and retail banking services, including credits, treasury and trade, finance and general banking operations.