Indonesian Political, Business & Finance News

Archive: 18 November 1997

57 articles found

Artificial cyclones for haze

Artificial cyclones for haze KUALA LUMPUR (AP): Anxious to clear its skies, Malaysia will try Russian technology touted to create cyclones that chase away haze, newspapers quoted the environment minister as saying. The state-owned Russian company has promised that the first demonstration will be free, The Star daily and other newspapers quoted Environment Minister Law Hieng Ding as saying. "Since it does not cost us anything, there is no harm in allowing them to demonstrate to us," Law said.

Networking in Asia, the West (2)

Networking in Asia, the West (2) By Peter Verhezen This is the second of two articles exploring the concept of networking in Asian and Western communities. JAKARTA (JP): The practice of networking based on trust has been described by Bob Widyahartono in an Aug. 25, 1997 article in this paper as a fundamental component of long-term economic growth in Asia.

Indonesia confident Canada can handle possible protests

Indonesia confident Canada can handle possible protests JAKARTA (JP): Indonesia is confident that the Canadian government can ensure that possible demonstrations against leaders attending the Asia Pacific Economic Cooperation (APEC) meeting in Vancouver next week does not get out of hand. While acknowledging demonstrations are a form of public expression, Minister of Foreign Affairs Ali Alatas maintained that it should be done in an orderly manner.

Four arrested with 200,000 pirated VCDs

Four arrested with 200,000 pirated VCDs JAKARTA (JP): Police have arrested four men for their alleged role in the distribution of about 200,000 pirated video compact discs (VCDs) in the city. The chief of Jakarta Police Detectives, Col. Gories Mere, said yesterday the pirated discs were confiscated during a raid Saturday evening of nine stores and two warehouses at the city's largest electronics shopping center in Glodok, West Jakarta.

Bangkok fails international air tests

Bangkok fails international air tests BANGKOK (AFP): The smoggy Thai capital of Bangkok has been branded "unhealthy" after failing to pass key international- standard tests of its air and water quality and its waste disposal system, a report said. The sprawling city of 10 million people failed to pass muster in seven of 23 areas tested under the World Health Organization (WHO) criteria to establish whether the metropolis qualified as a "healthy city," the Bangkok Post said.

U.S. envoy in KL wants emotional rhetoric to end

U.S. envoy in KL wants emotional rhetoric to end KUALA LUMPUR (Reuters): The U.S. ambassador to Malaysia, saying he felt personally targeted by a death threat, appealed yesterday to leaders in both countries to put an end to emotional rhetoric which he said threatened ties. Ambassador John Malott, speaking four days after a member of an unknown group threatened in a phone call to the U.S. embassy in Kuala Lumpur to kill four Americans in Malaysia, urged Malaysians to stop "America-bashing".

The Asian monetary crisis and the global economy

The Asian monetary crisis and the global economy Banks are collapsing all over Southeast Asia; Congress has tied Clinton's hands; terrified depositors are pulling their money out of Hong Kong; Brazil's market has plunged 40 percent. Look out, the ghost of 1929 is haunting the world. Will Hutton and William Keegan in London and Ed Vulliamy in Washington say the parallels are uncanny and unnerving. LONDON/WASHINGTON: The parallels are uncanny and unnerving.

Quake jolts Mataram

Quake jolts Mataram MATARAM, West Nusa Tenggara: A three-second earthquake measuring 4.6 on the Richter scale jolted the city yesterday morning, Antara reported. There have been no reports of casualties or damaged buildings. The quake's epicenter was in the Indian Ocean at between 08.46 south latitude and 116.00 east longitude. The quake was not felt in Denpasar, the capital of neighboring island Bali, according to Damsyik at the local office of the Meteorology and Geophysics Agency. On Oct.

Asian Games organizers to slash budget by quarter

Asian Games organizers to slash budget by quarter BANGKOK (AFP): The organizers of the 1998 Asian Games in Bangkok will cut their budget by a quarter because of Thailand's economic slowdown, a report said yesterday. The Bangkok Asian Games Organizing Committee is slashing its organizing budget by 26 percent, from 3.05 billion baht (US$78.2 million) to 2.25 billion baht, the Bangkok Post said.

Wiranto backs Subagyo to chair PBSI

Wiranto backs Subagyo to chair PBSI JAKARTA (JP): Army Chief of Staff Gen. Wiranto has backed the nomination of his deputy, Lt. Gen. Subagyo Hadi Siswoyo, for the chairmanship of the Badminton Association of Indonesia for the period 1997-2001. Wiranto, who is the chairman of the Indonesian Karatedo Association, said yesterday that Subagyo was the right nominee to improve the quality of the association for the future.

Sultan Thaha Airport reopens

Sultan Thaha Airport reopens JAKARTA (JP): Thanksgiving prayers marked the arrival of a F- 28 Merpati plane Sunday morning at the Sultan Thaha Airport in Jambi, the first to land after the airport was closed 75 days ago due to thick haze. The prayers were led by the head of Jambi's ministry of transportation, Sjarief Chan, and representatives of the airline and the airport. The airport has been closed since Aug.

'TVRI' will not broadcast House debates live

'TVRI' will not broadcast House debates live JAKARTA (JP): The state-owned television station TVRI said yesterday it would not broadcast live the House of Representatives' hearing with Minister of Finance Mar'ie Muhammad today, citing "security and technical reasons".

Citra Moda tallies houses to be cleared

Citra Moda tallies houses to be cleared JAKARTA (JP): The developer of the three-tier transit system, linking Bintaro in South Jakarta to downtown Kota, is currently calculating the number of houses to be cleared for construction of the Rp 6.2 trillion (US$1.87 billion) project.

Psst, have you heard...?

Psst, have you heard...? The massive deposit withdrawals at Bank Central Asia (BCA), Indonesia's largest private bank, during the weekend exposes once again the precarious condition -- if not the vulnerability -- of our economy, and more specifically, of the banking system. The rush at BCA was sparked by unsubstantiated rumors that business tycoon Liem Sioe Liong, the bank's founder and majority owner, had died, and that the bank was in deep trouble after the closure of its office in Singapore.

Toll road projects to be prioritized next year

Toll road projects to be prioritized next year JAKARTA (JP): The government would prioritize certain toll road projects and other infrastructure projects to be continued next fiscal year beginning in April, Minister of Public Works Radinal Moochtar said yesterday.

Chinese news congress opens

Chinese news congress opens PENANG (AFP): Chinese newspapers from around the world began their annual convention here yesterday to discuss Chinese- language press technology and the future role of Chinese newspapers in Southeast Asia. The convention, opened by Malaysian Prime Minister Mahathir Mohamad, involves more than 40 publications from China, Hong Kong, Indonesia, Japan, Malaysia, Panama, Singapore, Taiwan, Thailand and the United States.

Palm oil prices may increase in Malaysia, fall in Indonesia

Palm oil prices may increase in Malaysia, fall in Indonesia KUALA LUMPUR (Reuters): Palm oil prices in Malaysia should rise this week on expectations of falling output while Indonesian prices were seen lower following government plans to raise local supply, regional traders said. They said a slightly larger-than-expected Malaysian palm oil stock at the end of October was unlikely to have much impact on prices.

Alleged rapists may face 10-year penalty

Alleged rapists may face 10-year penalty JAKARTA (JP): A prosecutor asked West Jakarta District Court to sentence three young men to jail terms of 10 years each for raping a deaf girl. Prosecutor Erliana said the defendants, identified as Abdurrahman alias Jangkung, 18, Abdurrahman alias Oman, 18, and Matsani, 21, raped 16-year-old Siti Balqis in a cassava garden on Jl. Kebon Pisang in Jelambar, West Jakarta, on March 16.

Non-denominational faith

Non-denominational faith There is a discussion going in the House of Representatives on whether the non-denominational faith, which is popularly called Kepercayaan terhadap Tuhan Yang Maha Esa, should be given the same status as the five official religions in the state guidelines for the period 1998-2003. I think that the 1945 Constitution guarantees it.

RSCM pledges to boost its shattered image

RSCM pledges to boost its shattered image JAKARTA (JP): Tough times lay ahead for the city's oldest hospital, Cipto Mangunkusumo, which celebrates its 78th anniversary tomorrow. Better known by its local acronym, RSCM, the state-owned hospital has been the target of severe public criticism and is currently besieged by financial problems. Director H.M. Ahmad Djojosugito admitted that the hospital's service was still poor but pledged to make improvements despite the fund shortages.

Foreign schools no threat, Wardiman says

Foreign schools no threat, Wardiman says JAKARTA (JP): Minister of Education and Culture Wardiman Djojonegoro has promised the opening of foreign schools here will not threaten the livelihood of local schools. "In fact, the more schools there are, the better, because there is still a shortage of schools here," Wardiman was quoted by Antara as saying yesterday after opening a symposium on distance education in Bali. Some 200 participants from 20 countries attended the symposium.

One midwife for 5,000 women

One midwife for 5,000 women MATARAM, West Nusa Tenggara: Every midwife posted on the densely populated Lombok Island has to serve up to 5,000 people every year, while those on the sparsely populated Sumbawa Island only have up to 500 patients. According to the head of the provincial health office, Ismuhadi, there were already 500 midwives in the province whose total population is 3.6 million, according to the 1995 statistics, Antara reported yesterday.

Floods still pose potential danger

Floods still pose potential danger From Berita Yudha Through the Ministry of Public Works the Jakarta administration has reportedly received a contribution of hundreds of billions of rupiah to anticipate and handle floods which may hit Jakarta. However, this fund does not guarantee that future floods will be completely overcome. They have yet to build a dam, install water pumps, construct ditches and build water gates and flood control structures at various locations.

Greenhouse gases rising in Asian countries

Greenhouse gases rising in Asian countries By Oliver Teves MANILA, Philippines (AP): Emissions of greenhouse gases in developing Asian countries will skyrocket to three to five times their 1990 levels by 2020 if no counter-measures are taken, experts said.

Prince of Wales

Prince of Wales I would like to respectfully address this letter to Mr. Robin Christopher, the British ambassador to Indonesia. Many Indonesians and I feel grateful, proud and touched from the statement of sympathy and thanks which you addressed to the people of Indonesia on the death of Princess Diana in The Jakarta Post some time ago. Your statement also thanked people on behalf of the Prince of Wales.

TV today

TV today TVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 Children's Film: The Big Valley 3:10 Teenager's Program: Remaja Indonesia 3:35 Music: Lagu Pop Daerah 4:00 Regional News 4:30 Technology and Science 5:00 English Lessons 5:30 Documentary Film 6:00 News: Lintasan Berita 6:05 Nusantara, The Beloved Country 6:15 Village Program 6:30 TVRI News 7:00 Evening News 7:35 Talk Show: Wawasan 8:00 News: Lintasan Berita 8:05 Song and Profile 9:00 World News 9:30 Sports: Arena dan Juara 10:30 Late...

RI agrees to sign pact on landmines

RI agrees to sign pact on landmines JAKARTA (JP): Indonesia announced yesterday that it has decided to sign a convention which will ban the stockpile, export, production and use of anti-personnel landmines. The Foreign Ministry said in a statement that the Indonesian government yesterday decided to attend the Ottawa conference on Dec. 2 through Dec. 4 and sign the treaty on the ban of anti- personnel mines.

Levi's band contest aimed at students

Levi's band contest aimed at students JAKARTA (JP): At least 10 senior high school bands will participate in a music competition at the Bengkel Nightpark discotheque on Jl. Jend. Sudirman in Central Jakarta on Nov. 30. Kiki Rizki, an executive of PT Levi Strauss Indonesia, said yesterday that Tawuran Music Levi's (Levi's Music Brawl) was aimed at providing a stage and opportunities for students to develop their musical talents.

Police confiscate firecrackers

Police confiscate firecrackers DEMAK, Central Java: Police seized yesterday 40 sacks containing 40,000 firecrackers from Mustofa, 34, a resident of Guntur village in Guntur subdistrict. Demak police chief Lt. Col. Muharso, who led the raid after being tipped off by some locals, told The Jakarta Post the firecrackers might have been produced for sale during the upcoming Idul Fitri holiday. Police promised to keep an eye out for any violation of the ban on firecrackers. (har)

Increase in oil supply quota 'good for RI'

Increase in oil supply quota 'good for RI' JAKARTA (JP): Former secretary-general for the Organization of the Petroleum Exporting Countries (OPEC) Subroto called on Indonesia yesterday to put its weight behind Saudi Arabia's call for an increase in the oil supply quota. "If the quota is raised, Indonesia will certainly have its quota raised as well. This would provide a chance for the country to get more oil revenue," Subroto said. Minister of Mines and Energy I.B.

Hepatitis B infects orangutans

Hepatitis B infects orangutans SAMARINDA, E. Kalimantan: Twelve orangutans have been infected with the Hepatitis B virus in the Wanariset Semboja rare animal rehabilitation center in East Kalimantan, Antara reported yesterday. The head of Wanariset Semboja, Adi Susilo, said here yesterday the 12 Hepatitis-infected orangutans have been isolated in a special pen to prevent the virus from spreading to other primates. "The conditions of two of the twelve infected orangutans have improved.

$3b spent on foreign workers: Ginandjar

$3b spent on foreign workers: Ginandjar JAKARTA (JP): Indonesia has to spend US$254.6 million per month, or $3.05 billion a year, to pay 60,313 foreign workers in the country, State Minister of National Development Planning Ginandjar Kartasasmita revealed yesterday.

Bears keep stranglehold on Southeast Asian trade

Bears keep stranglehold on Southeast Asian trade SINGAPORE (Reuters): The Southeast Asian rubber trade remained mired in a ferocious bear market as poor consumer sentiment is seen driving prices lower this week, dealers said yesterday. "It's extremely bearish," a senior European dealer said. "There's too much supply and stocks are everywhere.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 17, 1997: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 700 -200 32,500 AHAP Insurance 2,500 0 0 Alter Abadi 525 0 0 Alumindo Light Metal 425 -25 2,500 Alumindo Perkasa 325 0 0 Aneka Kimia Raya 625 25 667,000 Anwar Sierad 325 -25 92,000 Apac Centertex Corp.

15 locals compete in Djarum Formula Asia

15 locals compete in Djarum Formula Asia JAKARTA (JP): About 15 local drivers have confirmed their participation in the Djarum Formula Asia at Sentul International Circuit, near Bogor, scheduled for Nov. 22 and Nov. 23. The competition is the third and fourth round in the series.

Soeharto to embark on overseas trip

Soeharto to embark on overseas trip JAKARTA (JP): President Soeharto will embark on a 12-day overseas trip this morning to Namibia, South Africa, Canada and Saudi Arabia before returning home on Nov. 29. The economic situation and East Timor will likely be some of the major issues raised during talks with his hosts, especially South African President Nelson Mandela.

S'pore aid offers to be queried

S'pore aid offers to be queried SINGAPORE (AP): Singapore lawmakers plan to question the country's aid offers to Thailand and Indonesia, Parliament announced yesterday. Several members have submitted written queries for Finance Minister Richard Hu and Trade and Industry Minister Lee Yock Suan to be answered at the next session Wednesday.

AREBI to tie up with S'pore realtors

AREBI to tie up with S'pore realtors JAKARTA (JP): The Indonesian Association of Real Estate Brokers (AREBI) will cooperate with the Association of Singapore Realtors to help develop each other's marketing skills. AREBI chairwoman Cynthia G. Sonneville said the cooperation agreement, to be inked Saturday, was aimed at improving the skills of Indonesian brokers. She said that Indonesian brokers were less competitive than overseas rivals.

Nortel to set up JVC

Nortel to set up JVC JAKARTA (JP): Nortel, a Canadian telecommunications equipment producer, plans to establish a joint venture company in Indonesia to anticipate growing opportunities in the Asian region, particularly in the Indonesian archipelago. The company's Indonesian country manager, Malcolm Bayes, said here yesterday that Nortel was currently assessing some local companies to be its partner in the joint venture company.

NZ and Australia to monitor PNG truce

NZ and Australia to monitor PNG truce CANBERRA (Reuters): Australia and New Zealand said yesterday they would send peacekeepers to the war-torn Papua New Guinea island of Bougainville ahead of peace talks aimed at ending one of the Pacific's longest and bloodiest civil wars.

Hendra to come back, face truth

Hendra to come back, face truth JAKARTA (JP): Businessman Hendra Rahardja, who is still abroad, will return to Indonesia and take responsibility for his two liquidated banks, Bank Harapan Sentosa (BHS) and Bank Guna International (BGI), his lawyer said yesterday. Alamsyah Hanafiah denied allegations that his client had fled the country to avoid the consequences of the liquidation.

Thai athletes absolved of doping charges

Thai athletes absolved of doping charges JAKARTA (JP): The 19th SEA Games organizing committee will officially announce the reinstatement of two Thai athletes, who were previously accused of using banned substances during the biennial event. The committee's secretary-general, Rudolf S.

Myanmar arrests party leader

Myanmar arrests party leader BANGKOK (AP): Myanmar's military authorities have arrested a leader of a banned ethnic minority party, an exile opposition group said yesterday. Dr. Min Soe Lin, general secretary of the Mon National League for Democracy, was detained Nov. 6 in Mudon in the eastern province of Mon State, said a statement from the All Burma Students' Democratic Front.

Bank Danamon not to merge with BCA: Anthony

Bank Danamon not to merge with BCA: Anthony JAKARTA (JP): Salim Group chairman Anthony Salim ruled out yesterday the possible merger between the newly acquired Bank Danamon with Bank Central Asia (BCA). Anthony, the son of the business group's founder, Liem Sioe Liong, said the Rp 297.92 billion (US$84 million) transaction was purely for long-term investment. "The aim of the acquisition was long-term investment. We agreed to buy part of Bank Danamon because we think the bank is good," he said.

Kalla delays cable plant

Kalla delays cable plant JAKARTA (JP): The Kalla Group has delayed its plan to build a electricity cable plant due to a domestic oversupply and the monetary turmoil. Kalla owner Yusuf Kalla was quoted by Antara as saying in Ujungpandang, South Sulawesi's capital, that the plant would be built by 2000 instead of this year as initially planned.

Rumors spread by irresponsible people: Hartono

Rumors spread by irresponsible people: Hartono JAKARTA (JP): Minister of Information R. Hartono said yesterday rumors about the death of the country's richest tycoon Soedono Salim on Friday, which sparked a huge rush on his Bank Central Asia (BCA), were spread by irresponsible people seeking to disrupt national stability.

22 people missing in boat accident

22 people missing in boat accident JAKARTA (JP): The Indonesian Navy and police are still searching for 22 people missing in a boat accident in the Strait of Malacca off Belawan port, North Sumatra last Friday, Antara reported yesterday. Deputy commander of the Naval Base on Belawan port, Col. TGH Lubis, said there are no details yet about the exact location of where the wooden boat sank. At least 40 Indonesian workers were aboard the boat returning from Malaysia.

NU urges MPR to elect state leaders carefully

NU urges MPR to elect state leaders carefully BAGU, West Nusa Tenggara (JP): Indonesia's largest Moslem organization Nahdlatul Ulama (NU) opened its national congress yesterday with a call for the election of the nation's president and vice president who will bring good to the nation.

Where to go in Jakarta:

Where to go in Jakarta: Exhibitions * Painting Exhibition: Kecil itu Indah 5, by AD Pirous, Barli Sasmitawinata, Nana Bana and others, at Edwin's Gallery Jl. Kemang Raya No. 21, Kemang, South Jakarta, Monday to Friday, at 9 a.m. to 7 p.m., Saturday, 9 a.m. to 6 p.m., Sunday, 10 a.m. to 5 p.m., until Nov. 23. * Graphic Art Exhibition: Boeatan Indonesia Asli, vintage Indonesian Advertising and Graphic Design Revisited, at Galeri TC (Twilight Cafe), Jl.

S. Korea, RI sign loan deal

S. Korea, RI sign loan deal JAKARTA (JP): Indonesian Minister of Foreign Affairs Ali Alatas and South Korean Ambassador Hyung Ki Min signed two project agreements worth US$23.5 million here yesterday. One is for the US$20 million Manado bypass road project in North Sulawesi while the other is for the engineering design of the Isal-2 hydropower plant and associated transmission lines worth $3.5 million.

Cibaduyut shoe industry's heyday is on the skids

Cibaduyut shoe industry's heyday is on the skids By Kafil Yamin BANDUNG (JP): Smart travelers with a head for making money once would not leave Bandung without buying several pairs of the well-known Cibaduyut shoes. Those in the know would buy shoes directly from the makers in the small Bandung district to save tens of thousands of rupiah on retail prices. Later, they sold the shoes to friends and colleagues at small profits. The area became a mecca for shoe shopping.

BCA run indicates crisis of confidence

BCA run indicates crisis of confidence Bank Central Asia (BCA) suffered a rush over the weekend following a rumor that its Singapore branch had been closed and that its founder and major shareholder, Liem Sioe Liong, had passed away. Banking analyst Laksamana Sukardi looks into the phenomenon. Question: The government has said it would not liquidate another bank following the liquidation of 16 insolvent banks recently and yet the public reaction was frantic when hearing rumors about BCA.

Aiwa of Japan opens new audio plant in Bekasi

Aiwa of Japan opens new audio plant in Bekasi JAKARTA (JP): PT Aiwa Dharmala, a joint venture between Aiwa Co Ltd of Japan and the Dharmala Group, opened its audiovisual equipment factory in Bekasi, West Java, yesterday. Dharmala Group president Suyanto Gondokusumo, who officially opened the factory, said the new joint venture would export its products to the United States, Europe and to Asian countries, including Japan. "We are now facing a tough economic climate.

Latief queried over misuse of funds

Latief queried over misuse of funds JAKARTA (JP): Minister of Manpower Abdul Latief and the state- owned workers' social insurance company PT Jamsostek came under scrutiny yesterday for allegedly allocating Rp 7.1 billion (US$2.15 million) of the company's money for House of Representatives' legislators who deliberated the manpower bill.

Two face court on Ecstasy charges

Two face court on Ecstasy charges JAKARTA (JP): Two women were tried in separate sessions at West Jakarta District Court yesterday for taking Ecstasy at a discotheque. Prosecutor Rusmini said the defendants, identified as Yulia Suryani Dewi, 28, and Sari Benah, 40, were arrested on Aug. 23 during a police raid at Furama Discotheque on Jl. Hayam Wuruk.

Five members of banned group arrested

Five members of banned group arrested JAKARTA (JP): Bekasi Police have arrested five men who claim to be members of the banned Indonesian Islamic State (NII) movement in Pondok Gede. City police chief Maj. Gen. Hamami Nata said yesterday that the men were detained for their alleged involvement in the prohibited organization. "The organization was banned because it aims to undermine the country and the government by planning to build an Islamic state," he said.

Jamsostek ordered to help small firms

Jamsostek ordered to help small firms JAKARTA (JP): President Soeharto has instructed state-owned social insurance firm PT Jamsostek to allocate Rp 2 trillion (US$588 million) of its investment fund to small firms, and provide an additional $1 trillion for low-cost housing loans.