Indonesian Political, Business & Finance News

Archive: 2 October 1997

60 articles found

New decree urged on superblocks

New decree urged on superblocks JAKARTA (JP): Deputy Governor for Economic and Development Affairs Tb.M. Rais underlined yesterday the city's urgent need for a regulation on superblocks to anticipate future development. The regulation could, among other things, supervise the development of superblocks in the city and prevent developers from violating designated land use rules, Rais said.

Forest fire fighting shows results

Forest fire fighting shows results JAKARTA (JP): The concerted effort between the government, the Armed Forces, locals and Malaysian firefighters has begun to show results as the fires raging on some 2,000 hectares of forest in Sumatra were successfully put out yesterday.

Three nabbed for selling fake oil, fuel

Three nabbed for selling fake oil, fuel JAKARTA (JP): Jakarta Military Police yesterday arrested a serviceman and two civilians in Bekasi for allegedly producing and selling fake lubricant oil and diesel fuel. The chief of the military police, Col. Hendardji, said his personnel also confiscated five petrol trucks, 120 drums (containing 30,000 liters) of oil, five mixing machines and several printing machines. He identified the alleged culprits as Hutapea, Hutabarat and a marine First Sgt.

Rolls-Royce to form more joint ventures

Rolls-Royce to form more joint ventures JAKARTA (JP): Britain's Rolls-Royce plc. plans to set up several joint venture companies to operate various fields in Indonesia, according to the company's regional executive in Indonesia, Robin Singleton. Singleton said here yesterday that Rolls-Royce had recently formed a joint venture company to manufacture switch-gear components for power transmission.

TV today

TV today TVRI 2:00 p.m. News: Berita 14 2:30 Travel: My Country 2:35 Children's Film: Family Matters 3:10 Science Film: Animal Odyssey 3:35 Religious Teachings: Islam 4:00 Regional News 4:30 Performance: Pelangi Budaya 5:00 Arabic Lessons 5:30 Student's Program: Jendela Dunia 6:00 News: Lintasan Berita 6:05 Nusantara, The Beloved Country 6:15 Village Program 6:30 TVRI News 6:53 Music 7:00 Evening News 7:35 Variety Show: Cakrawala Budaya 8:00 News: Lintasan Berita 8:05 TV Drama: Pernik-Pernik...

Gulf Indonesia won't return to markets soon

Gulf Indonesia won't return to markets soon NEW YORK (Reuter): Gulf Indonesia Resources Ltd has no immediate plans to return to the capital markets and will fund capital spending of $275-$300 million a year from cashflow and credit, president Richard Auchinleck said. "The first issue was many times oversubscribed," he said in an interview after the first day of trading of the company on the New York Stock Exchange. Auchinleck expected details of an over-allotment option to be announced soon.

Standard Chartered replies

Standard Chartered replies In reference to Mr. Adrianus Hiung Tjung's letter Convenience may not be the answer (The Jakarta Post, Sept. 25) about the ATM Bersama service, may I, on behalf of the personal bank division of Standard Chartered Bank, at the very onset apologize for the inconvenience that he experienced.

Rupiah continues to fall against dollar

Rupiah continues to fall against dollar JAKARTA (JP): The rupiah plunged again yesterday to a record low as the stock exchange bore the brunt of the worsening currency crisis. Foreign exchange dealers said the rupiah slumped to a new historic low of 3,470 in the morning session before recovering to 3,370/3,400 at close against 3,270/90 on opening. Dealers attributed the rupiah's plunge to the rise of U.S.

Asia deserves two Security Council seats, says Alatas

Asia deserves two Security Council seats, says Alatas UNITED NATIONS (Agencies): Minister of Foreign Affairs Ali Alatas said Tuesday that developing Asian nations deserved two permanent seats on the Security Council but the General Assembly should avoid being rushed into a decision on the contentious issue. In a speech to the UN General Assembly, Alatas said Africa had indicated they would like two permanent seats in any plan to enlarge the 15-member body.

823 fires recorded

823 fires recorded JAKARTA (JP): The Jakarta Fire Department recorded 823 fires in the city during the first nine months of this year. In these incidents 22 people were burned to death and 45 others injured, The estimated material losses caused by the fires were about Rp 87 billion (US$27.1 million), Johny Pangaribuan, the head of the agency's public participation division said yesterday. The causes of 101 of the blazes are still not known, he told The Jakarta Post yesterday.

Chances of surviving childbirth improving in Bali

Chances of surviving childbirth improving in Bali By Leyla Alyanak BULELENG, Bali (JP): When 19-year-old Sukry began hemorrhaging during childbirth, the traditional midwife stood by helplessly. The nearest health post was only 15 kilometers away but Sukry had no transportation. She eventually delivered a healthy baby, but lost her life doing it. That was five years ago.

Australian GDP affected

Australian GDP affected SYDNEY (Reuter): Westpac Banking Corp. managing director Bob Joss said yesterday he expected the financial crisis in the Southeast Asian region to cut into Australian economic growth next year. "I think it will definitely impact on the Australian economy. It is very likely that there could be some moderating impact on our growth next year because we are such an important trade partner with the region," Joss told reporters after giving a speech to a banking function.

ASEAN rail link studied

ASEAN rail link studied KUALA LUMPUR (Reuter): A consortium of three Malaysian companies will study the viability of the first route of a railway linking Singapore and Kunming in China, local newspapers yesterday quoted Transport Minister Ling Liong Sik as saying. Ling said that Renong Bhd., the DRB-Hicom group, and Bolton Properties Bhd. would study the first route of the Trans-Asia Railway, construction of which is expected to start in 1998.

'Concubines' reflection of a sultan's power

'Concubines' reflection of a sultan's power SURAKARTA, Central Java (JP): Selir (concubines) hold a fabled position in Javanese society. Selir are a reflection of a Sultan's power and their presence is an accepted part of the folklore of Javanese kingdoms.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 1, 1997: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 1,025 -50 5,000 AHAP Insurance 2,500 0 0 Alter Abadi 750 0 0 Alumindo Light Metal 750 -25 394,500 Alumindo Perkasa 550 0 0 Aneka Kimia Raya 875 -25 791,500 Anwar Sierad 1,125 -50 77,500 Apac Centertex Corp.

Japan confident of creating Asian fund

Japan confident of creating Asian fund TOKYO (AFP): Japan is confident of creating a regional facility to protect Asia from financial turmoil despite International Monetary Fund (IMF) concerns about the project, a senior finance ministry official said yesterday. "We made a good start," the official told reporters, referring to talks on the proposed fund on the sidelines of last week's meetings of the World Bank and the IMF in Hong Kong.

A time to wait not speculate

A time to wait not speculate I am an American guest in Indonesia and an aircrew member with many hours in command of heavy jet aircrafts. I was also here in 1979 when an F-28 ran into a mountain in Brastagi, and actively participated in the search and rescue effort at that time. I write to urge all parties involved in this tragedy to follow the example set by the Minister of Transportation Haryanto Dhanutirto and wait for the accident report.

Indonesia deports 252 Chinese sailors

Indonesia deports 252 Chinese sailors JAKARTA (JP): Indonesian immigration officials made history yesterday when they deported 252 Chinese sailors, the largest single deportation ever conducted. "This is definitely the biggest ever deportation that Indonesia's immigration directorate has ever undertaken," said Zaiman Nurmatias, director of supervision and law enforcement at the Directorate General of Immigration.

Legislators asked to acquire greater business knowledge

Legislators asked to acquire greater business knowledge JAKARTA (JP): Businesspeople called yesterday on the newly elected members of the House of Representatives to acquire a greater knowledge of the economy and business so they can better understand the country's rapidly developing economy. Chairman of the Indonesian Chamber of Commerce and Industry Aburizal Bakrie said yesterday the newly elected House members should be more knowledgeable in the current economic situation.

21 members of Islamic state movement arrested

21 members of Islamic state movement arrested JAKARTA (JP): Police have arrested 21 men who declared themselves members of the banned Indonesian Islamic State movement in a raid Tuesday at a house in Pondok Gede, Bekasi. City Police Chief Maj. Gen. Hamami Nata said the suspects were detained based on evidence that they had allegedly undermined the state and its government by spreading stories that an Islamic state had been founded to replace the Republic of Indonesia.

PAL receives bomb threat

PAL receives bomb threat MANILA (DPA): A Philippine Airlines (PAL) plane was forced yesterday to abort its flight to Hong Kong and return to Manila after control tower officials received a threat saying there was a bomb aboard the jet. No explosives were found, but the Boeing 747-200 jet carrying 125 passengers and six flight attendants returned to Ninoy Aquino International Airport. Those aboard were evacuated when fire trucks, ambulances and bomb disposal teams met the plane on the runway.

Give Kemang some credit

Give Kemang some credit When, some time ago, the first article taken from another newspaper appeared in the Jakarta Post with the writer suggesting that Kemang had turned into an area of sinful activities, I was tempted to write a reply. But I discarded the idea as I thought the whole thing too ridiculous to merit further comment. Now another writer, from another paper, has published the story in Bahasa Indonesia and thus it is available to a much wider readership.

Bank says no Marcos accounts

Bank says no Marcos accounts GENEVA (AFP): Swiss bank Julius Baer denied Tuesday having any accounts linked to the funds of deposed dictator Ferdinand Marcos following claims by a U.S. lawyer. Lawyer Robert Swift has accused Julius Baer of laundering many millions of dollars of gold for the Marcos family and said Tuesday that current Philippine President Fidel Ramos held an account at the bank.

Soeharto encourages solid House

Soeharto encourages solid House JAKARTA (JP): The House of Representatives should be on equal footing with the President, given the former's duty to oversee the implementation of development programs by the latter, according to President Soeharto. Soeharto said before the newly installed House of Representatives and People's Consultative Assembly members that the country needed a strong government as well as solid representative bodies in order to deal with future challenges and opportunities.

Where to go in Bandung:

Where to go in Bandung: Music and Entertainment * Holiday Inn, Jl. Ir. H. Juanda 33, Bandung: - Kebun Bambu Restaurant: Guitar performance, Saturday, 7:45 p.m. to 10:15 p.m. - Braga Bar and Lounge: Prospect Band, Thursday and Saturday, 7:30 p.m. to 11:15 p.m. - Roof Top Garden: Sundanese cultural show, every Saturday, 7 p.m. to 9:30 p.m., Oct. 18. * Preanger Aerowisata Bandung Hotel, Jl. Asia Afrika No.

Association wants one rate for local calls

Association wants one rate for local calls JAKARTA (JP): The Association of Telecommunication Kiosk Owners called yesterday on the government to eliminate the differences in local telephone rates to avoid confusion over tariffs. The association's general chairman Ahmad Daulay said yesterday many telecommunication kiosk owners ended up charging their customers a higher rate to avoid confusion caused by PT Telkom's charges.

Nurhayti expected to grab five golds in cycling

Nurhayti expected to grab five golds in cycling JAKARTA (JP): Indonesia's most promising woman cyclist, Nurhayati, is expected to grab five gold medals at the 19th SEA Games in October, an official said. Sofian Ruzian, the national cycling team manager, said on Tuesday that the five golds would most likely come from track and road races. "Nurhayati told us that she will certainly take part in the five cycling events," Sofian said.

Thailand, Malaysia plan gas pipeline

Thailand, Malaysia plan gas pipeline BANGKOK (AFP): Thailand and Malaysia are planning a multi- million dollar pipeline project to supply both countries with gas from jointly-held offshore fields in the South China Sea, an official said yesterday. State oil firms the Petroleum Authority of Thailand (PTT) and Petronas of Malaysia have agreed to purchase gas from the fields and are doing feasibility studies into a Trans-Thailand-Malaysia Gas Pipeline, a PTT spokesperson said.

Harmoko faces competition for top post at House

Harmoko faces competition for top post at House JAKARTA (JP): Despite being widely tipped to be elected House speaker for the 1997/2002 term, Golkar chairman Harmoko found himself facing tough competition from the Armed Forces (ABRI) faction which declared its own candidate yesterday. The tiny Indonesian Democratic Party (PDI) faction had also promised to field its senior politician, Fatimah Achmad, as its candidate for the House position.

SE Asian currencies plunge in dramatic slide

SE Asian currencies plunge in dramatic slide SINGAPORE (Reuter): There was carnage on Southeast Asian currency markets yesterday amid scenes not witnessed since the Thai baht's shock flotation in early July. In a dramatic slide early in the day the Malaysian ringgit plunged over 4 percent in less than two hours and at one point was losing one sen (cent) a minute. "The ringgit was really hammered this morning with no resistance seen at all," said a senior dealer with a large Malaysian bank.

Crash victim's body dug up, sent to hospital

Crash victim's body dug up, sent to hospital JAKARTA (JP): The body of a victim of last Friday's Garuda Indonesia crash was dug up yesterday, three days after being buried in a cemetery in Depok, south of the city. Agus Irawan returned the body, formerly identified as his wife Retno Winarti, one of the stewardesses, because he was sure that the body was not his wife's. Agus felt sleepless after the burial.

Asia-Pacific stocks suffer as currency markets crumble

Asia-Pacific stocks suffer as currency markets crumble HONG KONG (AFP): Stock markets across Asia-Pacific bore the brunt of the worsening currency crisis which saw new record lows for the Malaysian ringgit, Indonesian rupiah and the Philippine peso. Malaysia, Singapore and Jakarta saw their stocks suffer as their currencies fell.

Palm oil futures surge

Palm oil futures surge KUALA LUMPUR (Reuter): Malaysia's February futures contract hit limit-up of 50-ringgit at 1,614 ringgit ($479.64) a ton by the end of the morning session. Traders said other futures contracts and physical prices were also marked up sharply. The continued bullish sentiment was attributed to a further plunge in the ringgit against the U.S. dollar, an Indian tender today and higher soyoil prices in Chicago overnight, they said.

Morality: A piece in the national development puzzle

Morality: A piece in the national development puzzle By Mochtar Buchori JAKARTA (JP): A friend of mine, an economist, has been telling me that what really ails Indonesia is not its economy but its morality. Morality is a cultural issue so the main problem facing Indonesia today is not economic but cultural. And cultural problems are much harder to solve than economic ones.

HP donates to the disabled

HP donates to the disabled JAKARTA (JP): Hewlett-Packard has signed an agreement with the Society for the Care of Children with Disabilities through which the world's second largest computer company presented a donation in kind worth US$120,000 to the foundation for administrative and training purposes.

Cambodian election law to be passed next week

Cambodian election law to be passed next week PHNOM PENH (Agencies): Cambodia's parliament will pass a key electoral law early next week in preparation for general elections scheduled for May, the ministry of information said in a release yesterday. "Cambodia's (draft) election law will be submitted to the National Assembly for debate and approval on Oct. 6," Cambodia's newly appointed First Prime Minister Ung Huot was quoted as saying in the release.

Limited edition 'tedong bongo' stamps

Limited edition 'tedong bongo' stamps UJUNGPANDANG, South Sulawesi: A limited edition stamp featuring the tedong bongo (striped water buffalo) will be issued to commemorate the Makassar '97 philately exhibition, to be held here from Oct. 11 to Oct. 15. The secretary of the exhibition's organizing committee, Husin Mardjun, said 100,000 stamps will be issued at Rp 2,000 (67 U.S cents) each. "We've already got a lot of orders from collectors around the country," he said.

Rp 4 billion more needed for SEA Games

Rp 4 billion more needed for SEA Games JAKARTA (JP): Indonesia's team for the 19th SEA Games needs Rp 4 billion (US$1,250,000) to pay for its athletes' last 10 days of training before the regional sports gathering. Indonesia's chef de mission, Togi M. Hutagaol, told reporters yesterday that the money was expected to be handed over by the consortium later this week.

Soeharto, Nasution, Soedirman get five stars

Soeharto, Nasution, Soedirman get five stars JAKARTA (JP): President Soeharto, Gen. (ret) A.H. Nasution and the late Gen. Soedirman were granted yesterday honorary five-star general ranks. An Armed Forces delegation, led by Armed Forces Commander Gen. Feisal Tanjung, visited Soeharto and Nasution at their residences to bestow the rank. The five-star rank for Gen. Soedirman will be conferred posthumously today at the newly completed Soedirman Hall in Tebet, South Jakarta.

Taiwan puts $10.8b in China

Taiwan puts $10.8b in China TAIPEI (AFP): Taiwanese firms have poured more than US$10.8 billion into China in the past six years, the economic ministry said yesterday, in clear defiance of government efforts to tighten controls over ventures in the mainland. Some 19,800 investment applications were lodged with the government's Investment Commission between 1991 and September this year.

Pigs' stroll stops Wamena flights

Pigs' stroll stops Wamena flights WAMENA, Irian Jaya: Four airlines have threatened to stop services to Wamena, Jayawijaya, due to safety concerns with locals and pigs often found scurrying around the landing strip. Wamena Airport chief Matius Papare said authorities would do their best to allay the four airlines' concerns by using a police vehicle to keep locals off the strip and scare away the pigs.

Caption correction

Caption correction We thank you for running a picture on the opening ceremony of PT Amoco Mitsui-PTA Indonesia which appeared on Page 10 of The Jakarta Post's Sept. 27 edition. However, there was a mistake in the caption. The first person on the left was president director of PT Amoco Mitsui PTA Indonesia Yoshiro Yokota not senior managing director of Mitsui Petrochemical Industries Ltd. Hyoe Naito as written. ESTHER D. GINTING Accounts manager Inke Maris & Associates

Where to go in Jakarta:

Where to go in Jakarta: Exhibitions * Painting Exhibition: Pesona Alam dan Kehidupan IX by NG. Bana Sembiring, at Balai Budaya, Jl. Gereja Theresia 47, Menteng, Central Jakarta, 9 a.m. to 9 p.m., until Oct. 6. * Painting Exhibition: 9th Exhibition of 10 of the Best by Ceesepe, at the Embassy of Spain, Jl. H. Agus Salim, no. 61, Central Jakarta, 10 a.m. to 8 p.m., until Oct. 10.

Tiara Medan deserves 4 stars

Tiara Medan deserves 4 stars There was an error in The Jakarta Post's story headlined Griyawisata's Contract which appeared on Page 11 of the Sept. 26 edition. The story said: "Domestic chain operator Griyawisata Hotel & Resort has agreed to continue managing the one-star Tiara Medan Hotel and Convention Center of PT Tahta Medan". Hotel Tiara Medan and Convention Center is a four-star hotel. Please be kind enough to rectify the report. Thank you.

Mataram takes care of garbage woes

Mataram takes care of garbage woes MATARAM, West Nusa Tenggara: The city authorities are building a Rp 3 billion garbage dump at Garung village, West Lombok. "The garbage dump is being built on a 10 hectare plot of land and will be able to accommodate our garbage for the next 10 to 15 years," Mataram mayor, H.L. Mas'ud, said Tuesday. He explained that some 700 cubic meters of garbage is collected everyday.

Mitsubishi opens large-scale fair

Mitsubishi opens large-scale fair JAKARTA (JP): Mitsubishi Heavy Industries, a heavy machineries producer, opened yesterday a large-scale fair at the Jakarta Convention Center. The three-day Mitsubishi Heavy Industries Jakarta Fair '97 features about 70 units of 30 types of machinery. On exhibit is the company's major products and technologies, ranging from ships and marine structures to aerospace systems.

Garuda pilots show integrity

Garuda pilots show integrity We have all watched and listened to the tragedy surrounding Garuda Indonesia flight GA 152 over the past few days. I would like to add a few words regarding the living. Dealing with the loss of loved ones or friends is one of the top three stressful events a human being may endure. Yet the pilots of Garuda Indonesia who have survived this tragedy have done so in a manner which is noteworthy.

RI woman executed in Mecca

RI woman executed in Mecca JAKARTA (JP): The Indonesian Embassy in Saudi Arabia identified yesterday an Indonesian woman who was executed by the Saudi government Tuesday as Sulaita Anam Kasiran. Andi Alahuddin, an embassy information officer, told The Jakarta Post by phone from Riyadh that Sulaita, presumably a domestic servant, was beheaded by sword in the western region of Mecca. She had been convicted by an Islamic court for killing a Saudi woman, believed to be her employer, with an ax.

Fire erupts in Malaysian forest

Fire erupts in Malaysian forest KUALA LUMPUR (Reuter): Malaysia, already blanketed in smog because of massive forest fires in Indonesia, had about 1,000 hectares of its own timber ablaze in eastern Pahang state Tuesday, the national Bernama news agency reported. "It's a very big fire and difficult to control," the agency quoted deputy director of the Pahang state Fire and Rescue Services Department, Yahya Madis, as saying.

Black box search continues in the air

Black box search continues in the air MEDAN, North Sumatra (JP): The search for the illusive black box of the ill-fated Garuda Indonesia plane that crashed on Friday took to the skies yesterday as investigators retraced the final approach of the plane by helicopter. The Aircraft Accident Investigation Commission led by Oetrajo Diran boarded a Pelita Air Service helicopter and viewed the crash site from above.

Suralaya's power unit operational

Suralaya's power unit operational JAKARTA (JP): State-owned electricity company PLN has commenced operations of the seventh unit of its coal-fired Suralaya power complex in West Java, bringing the plant's total capacity to 3,400 Megawatts (MW). PLN construction director Rahardjo Mucharar officially connected the new power unit Tuesday to the Java-Bali power grid.

ASEAN seeks united defense for battered currencies

ASEAN seeks united defense for battered currencies SINGAPORE (AFP): Southeast Asian leaders yesterday called for a united front to defend their embattled currencies, as the units plunged to new record lows. Philippine President Fidel Ramos said his Indonesian counterpart Soeharto and Thai Premier Chavalit Yongchaiyudh had agreed on the need for a common strategy.

Cambodia disrupts ASEAN vision

Cambodia disrupts ASEAN vision LONDON: The return of King Norodom Sihanouk to Cambodia from China on 29 August 1997 has done little to solve the country's latest political crisis.

Less wealthy golfers

Less wealthy golfers MANILA (AFP): A government committee looking into the proliferation of golf courses in the Philippines has warned prospective developers that they must allow access to less wealthy players, a newspaper reported here yesterday. "Let us remove the perception that golf is an elitist game," the Manila Times newspaper quoted Environment Undersecretary Virgilio Marcelo, head of the committee, as saying.

BMW Rolls-Royce expects to power RI's N-2130

BMW Rolls-Royce expects to power RI's N-2130 JAKARTA (JP): The British-German aircraft engine maker BMW Rolls-Royce expects to engine Indonesia's first jet, the N-2130 currently developed by state-owned PT Industri Pesawat Terbang Nusantara (IPTN). A Rolls-Royce executive, Robin Singleton, said here yesterday he was optimistic to win the tender for the procurement of the N- 2130's engine even though BMW Rolls-Royce had to compete with two other jet engine manufacturers.

Timber firms called on to help cope with crisis

Timber firms called on to help cope with crisis JAKARTA (JP): Noted businessman Probosutedjo called yesterday on the government to raise money from the country's forest concession holders to cope with the currency crisis. Probosutedjo, President Soeharto's half brother, proposed the government charge all concession holders US$100 for every hectare of forest.

One dead in ship explosion

One dead in ship explosion MANADO, North Sulawesi: At least one sailor died and six others wounded when a ship, Tanor Permai II, exploded Tuesday while docked at Samudera Bitung harbor. Antara reported Damu, 56, from Probolinggo, East Jawa, as the only fatality. Five of the six injured sailors are in intensive care at Budi Mulia hospital. The sixth is being treated at Malalayang hospital. Police are still investigation the cause of the explosion. (mds)

No Ayer quarrying permits issued

No Ayer quarrying permits issued JAKARTA (JP): The city administration says it has never issued any permits allowing sand quarrying near Pulau Ayer, one of the islets in the Thousand Islands chain in Jakarta Bay. "As far as I know, my office has never given either recommendations or permits to any company or authority to undertake sand quarrying activities near the island," North Jakarta Mayor Suprawito said yesterday.

Woven journey of Indian silk makes a pit stop in Jakarta

Woven journey of Indian silk makes a pit stop in Jakarta By Pavan Kapoor JAKARTA (JP): Elementary history and advanced fashion -- ethnic Indonesian kebayas and Indian silk -- seemed to have taken a spin in a high-speed mixer to be churned out in a collection of ready-to-wear apparel for "An Evening with Silk". It was only fitting as the countries share a heritage of silk fabric and weave since time immemorial.

Diana takes early lead by one stroke

Diana takes early lead by one stroke JAKARTA (JP): The absence of national young top golfers due to SEA Games duty gave Diana Soewandi a chance to take the early lead at the Indonesian Ladies Amateur Open by one stroke after carding a 77 (37 40) at Cikarang Golf and Country Club near here yesterday. An eight handicapper, Diana is playing under the banner of Jagorawi Golf and Country Club (JGCC), the host of last year's event, which was rated one of Asia's best and prestigious golf links.