Indonesian Political, Business & Finance News

Archive: 6 November 1997

55 articles found

Int'l cooperation for better health care

Int'l cooperation for better health care By Ivy Susanti JAKARTA (JP): The constant war which mankind has had to fight throughout its existence is not political or even territorial, but the fight against disease. Dr. Uton Muchtar Rafei, 62, has dedicated much of his life to this cause not only in Indonesia but throughout the Southeast Asia region.

Several injured in student brawl

Several injured in student brawl PURWOKERTO, Central Java: A dozen students were injured when pupils from two technical high schools started a brawl in Banyumas regency yesterday. Banyumas Police chief Lt. Col. Agus Yudarto told Antara that the clash occurred between students of Strapangsada technical high school of Jatilawang subdistrict and Bunda Satria technical high school of Wangon subdistrict. Agus said one student was seriously injured and under medical treatment at a local hospital.

Leprosy in Maluku

Leprosy in Maluku AMBON, Maluku: At least 1,650 people are still known to be suffering from leprosy in Maluku, health officials said here yesterday. "Most of the leper patients being treated since the beginning of the year are in Ambon, north Maluku and southeast Maluku," Dr. Umarella, head of the provincial health office, was quoted by Antara as saying. The current number may increase as surveys on the disease in central Maluku and central Halmahera will only be conducted next year.

MeesPierson launches mutual funds

MeesPierson launches mutual funds JAKARTA (JP): PT MeesPierson Finas Investa management launched here yesterday two open-end mutual funds -- MeesPierson Finas Investa Lestari and MeesPierson Finas Investa Pesona. Izakheeya Mahdi, president of MeesPierson Finas Investa Management said the company expected to generate around Rp 1 trillion (US$307.60 million) from the public.

Bondowoso supplies water to villages

Bondowoso supplies water to villages SURABAYA, East Java: Bondowoso regency announced it has already distributed four million cubic meters of water to six villages worst hit by this year's prolonged drought. Bondowoso regent, Agus Sarosa, was quoted by Antara as saying that the administration would continue to supply water until rain falls on the six villages in the subdistricts of Cerme, Kelabang and Wringin. The six villages are inhabited by about 18,000 people.

Andromeda files suit against govt

Andromeda files suit against govt JAKARTA (JP): Bank Andromeda's directors filed a lawsuit at the State Administrative Court here yesterday against Minister of Finance Mar'ie Muhammad and Governor of Bank Indonesia J. Soedradjad Djiwandono over the closure of their bank.

Kadin calls for quick mergers, acquisition of ill banks

Kadin calls for quick mergers, acquisition of ill banks JAKARTA (JP): The Indonesian Chamber of Commerce and Industry (Kadin) called on the government yesterday to quickly help the mergers or acquisitions of existing unhealthy banks to prevent the country's banking industry from plunging into an abyss.

Marlina breaks junior record

Marlina breaks junior record JAKARTA (JP): Indonesia's Marlina broke a junior world record at the 1997 Asian Power lifting Championship in Chang Hua, Chinese Taipei, which was staged from Oct. 30 to Nov. 3. Marlina, who competed in the women's 48 kgs division, lifted a total of 412.5 kgs, 30 kgs more than the old record of 382.5 kgs lifted by Chang Lai Hsiu of Chinese Taipei and also broke the world record of 402.5 kgs produced by Yamskich Elena of Russia.

Families 'wait' 8 years for power

Families 'wait' 8 years for power BOGOR (JP): About 1,000 families from two villages in the Leuwiliang and Pamijahan districts are appealing to state-owned electricity company PLN to supply them with power. "The electricity poles were installed here about eight years ago but there is still no power," E. Chaerudin, a long-time resident of Purasari, in Leuwiliang, said.

Group of 15 backs proposal for new currency rules

Group of 15 backs proposal for new currency rules KUALA LUMPUR (Reuters): The Group of 15 (G-15) developing nations rallied yesterday behind Malaysia's call for currency trading rules and ordered a plan to avert renewed market turbulence that has shaken Southeast Asia's economies. G-15 leaders ended a three-day summit in Malaysia's capital with an agreement to meet more often to improve the coordination of positions, and moved up their next meeting to May 1998 in Cairo.

Number of reckless drivers drop: Police

Number of reckless drivers drop: Police JAKARTA (JP): The number of reckless public transportation drivers rounded up since the end of September is dramatically lower than in preceding months, a senior officer said yesterday. Arrests made between Sept. 23 and Nov. 2 totaled 11,189 (in 40 days) compared to 20,741 (in 28 days) between Aug. 25 and Sept. 22. The city traffic police chief, Col. Syafruddin Bakar, said most of the people apprehended had violated traffic regulations.

Japanese award for Sudharmono

Japanese award for Sudharmono JAKARTA (JP): The Japanese government has announced that it would present the "Grand Cordon of the Order of the Rising Sun Award" to Indonesian former vice president Lt. Gen. (ret) Sudharmono. "Sudharmono will receive the award for his meritorious services in promoting the two countries' relations," Antara quoted a Japanese embassy spokesman as saying. The date and venue of the award presentation ceremony was not disclosed.

Special agency needed to promote batik

Special agency needed to promote batik YOGYAKARTA (JP): Participants at the closing of the 1997 International Batik Conference issued a declaration yesterday asserting the need for an agency on batik promotion and development. The agency would be created to help promote batik in the world market and strengthen Indonesia's position as the center of batik design and production.

Cutting trade controls

Cutting trade controls The trade and industrial reforms, announced on Monday, predictably did not attract as much attention as the Nov. 1 closure of 16 banks. The latter move, besides having an immediate impact, is affecting a large number of depositors, creditors and debtors and caused the lay off of thousands of people while threatening to make thousands more jobless within the next few months.

KL posts big surplus

KL posts big surplus KUALA LUMPUR (AFP): Malaysia posted a trade surplus of 1.21 billion ringgit (US$360 million) in September, up from 1.15 billion ringgit in August, Finance Minister Anwar Ibrahim was quoted as saying yesterday. Share prices immediately rose on the news of the surplus which was larger than expected by most market participants. "At most, the market was expecting a 500 million to one billion ringgit surplus," a chief dealer with a foreign brokerage said.

Where to watch JakJazz '97

Where to watch JakJazz '97 JAKARTA (JP): The Jakarta International Jazz Festival (JakJazz) '97 will be held at Pasar Festival, Gelanggang Mahasiswa Soemantri Brodjonegoro, Jl. H.R. Rasuna Said, Kuningan, South Jakarta from Nov. 7 to Nov. 9. Tickets are available at Pasar Festival and other ticket agents for prices ranging from Rp 50,000 to Rp 125,000. Below is the schedule for the festival. Opening Day, Nov. 7: * Stage A (The Football Stadium -- SCTV stage): 6:45 p.m. - 08:30 p.m.

Stock Exchage

Stock Exchage Stock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 5, 1997: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 825 -25 25,000 AHAP Insurance 2,500 0 0 Alter Abadi 575 75 2,500 Alumindo Light Metal 525 0 1,000 Alumindo Perkasa 275 -25 1,000 Aneka Kimia Raya 700 -50 55,500 Anwar Sierad 650 -25 537,000 Apac Centertex Corp.

JakJazz started out deep in debt

JakJazz started out deep in debt By Achmad Nurhoeri JAKARTA (JP): JakJazz took the stage for the first time in 1988. Ireng Maulana erected stages around the Ancol Dreamland Recreation Center, North Jakarta, including at the now closed drive-in movie theater. More than 150 jazz musicians from 14 countries showed up and dazzled more than 12,000 spectators over three days. Indonesia finally had its very own jazz festival, a major accomplishment. But it had its price: it put Ireng deeply in debt.

Where to go in Jakarta:

Where to go in Jakarta: Exhibitions * Photo Exhibition: Kesaksian Abadi by Hilmar Pabel, at Galeri Foto Jurnalistik Antara, Jl. Antara No. 59 Pasar Baru, Central Jakarta, daily except Monday, 11:30 a.m. to 7:30 p.m., until Nov. 11. * Batik Exhibition, by Maartri Djorghi, at Galeri TC (Twilight Cafe), Jl. Kemang Raya No.24A South Jakarta, 11:30 a.m. to 12 p.m., until Nov. 8.

Ansaldo to boost geothermal operations in Indonesia

Ansaldo to boost geothermal operations in Indonesia JAKARTA (JP): Italy's giant power company Ansaldo Energia SpA has extended its cooperation with state-owned machine manufacturer PT PAL Persero to strengthen its presence in the geothermal power sector in Indonesia, the company said yesterday.

President would have known bank details: Rudini

President would have known bank details: Rudini JAKARTA (JP): The President would have been fully consulted before Saturday's government announcement on the liquidation of 16 ailing private banks, a former close aide to President Soeharto, Rudini, said yesterday. Rudini, a former minister of home affairs, said the government would have handled the issue with extraordinary care before announcing the liquidation.

Audit agency reveals billions of rupiah in losses

Audit agency reveals billions of rupiah in losses JAKARTA (JP): The Supreme Audit Agency revealed yesterday financial losses amounting to billions of rupiah by the government due to poor state finance management over the second semester of the 1996/1997 fiscal year. Chairman of the agency J.B.

Salim invites PT Peni to build cracker plant

Salim invites PT Peni to build cracker plant JAKARTA (JP): A joint venture comprising British Petroleum Chemicals (BP), Salim Chemicals Corporation and four Japanese companies has invited petrochemical company PT Peni to be involved in a cracker project in West Java.

JakJazz packs punch with big names, cheap tickets

JakJazz packs punch with big names, cheap tickets By Stevie Emilia JAKARTA (JP): Fears have been voiced that with the eleventh- hour withdrawals of R&B legend Earth, Wind and Fire and noted singer Michael Franks, this year's Jakarta International Jazz Festival (JakJazz) may have lost its major drawing cards. Organizers refute this by saying they are sticking to their pledge to bring first-rate entertainers to the event, held Nov. 7 to Nov.

Maan extends his lead in Tering Bay Open

Maan extends his lead in Tering Bay Open BATAM, Riau (JP): Favorite Maan Naasim extended his lead in the US$50,000 Tering Bay Golf Championships to five strokes after carding a 70 yesterday for a two-day score of 137. The battle for top honors heated up considerably yesterday as the fate of many players was in the balance. The field of the original 85 pros was reduced to 21 while in the amateur event only 10 players were allowed to continue.

Developers encouraged to act responsibly

Developers encouraged to act responsibly JAKARTA (JP): Governor Sutiyoso insisted yesterday that city developers act responsibly and build low-cost apartments on the land they appropriate. "Out of 148 developers, only nine have fulfilled their obligations by building low-cost apartments and seven others paid cash to the municipality instead of building the apartments," Sutiyoso said at a city branch meeting of the Indonesian Real Estate Association (REI) at Mulia Senayan Hotel.

How open is environmental information?

How open is environmental information? By Suwiryo Ismail JAKARTA (JP): In Indonesia's legal domain the only legislation recognizing the public's right for information is Law No. 23/1997. This law on environmental management replaces Law No. 4/1982. Law 23/1997 (Article 5 paragraph 2) stipulates that everyone is entitled to information linked to their role in environmental management. Two other articles (Art. 6 par. 2 and Art.

ASEAN banks consider 'various options'

ASEAN banks consider 'various options' KUALA LUMPUR (AFP): ASEAN central banks are considering "various options" to supplement economic adjustment programs arranged by the International Monetary Fund (IMF), the Malaysian central bank said yesterday. Bank Negara Malaysia said the new forum planned to meet regularly to discuss "regional economic and financial developments in the global context" as part of their closer cooperation.

Communism easier to handle than capitalism

Communism easier to handle than capitalism Political scientist and Deputy Governor of the National Resilience Institute Juwono Sudarsono said last week that capitalism had turned out to be more dangerous than communism. He shares his ideas with The Jakarta Post in the following discourse. Question: Is communism still a danger in Indonesia? Answer: There is at present no organized threat of communism in Indonesia. Nevertheless, potentially the appeal of communism is always there.

Cocoa prices rebound

Cocoa prices rebound KUALA LUMPUR (Reuters): Cocoa prices rebounded in Malaysia and Indonesia yesterday, spurred by a rise in New York and by parched weather that kept domestic bean supplies tight, traders said. The New York market closed broadly higher on Tuesday in brisk volume, fueled by heavy speculative short covering. The weakness of the ringgit against the U.S. dollar also kept prices firm in Malaysia, they said.

Bye-bye Bandung

Bye-bye Bandung Before I unplug the MAC from the socket, I have to write one last letter from Bandung. Bandung is the birth place of my daughter. Here, there is 100.55 The Jazz Wave, an FM station that plays great Brazilian music. Bossa Nova with Vinicius de Moraes, Sergio Mendes and Milton Nascimento. There are cool evenings and -- as I say to the folks back home -- a volcano in the backyard. I am going to miss all that. There were 120 letters to The Jakarta Post, since I arrived here.

Senior shuttlers must be allowed to turn pro: Susi

Senior shuttlers must be allowed to turn pro: Susi JAKARTA (JP): World number two Susi Susanti called yesterday for the Badminton Association of Indonesia to change its policy and let senior shuttlers turn professional. "It will be good if the association lets us become independent pro players with authority to have our own sponsors," she said.

Panin Bank posts profit

Panin Bank posts profit JAKARTA (JP): Publicly listed Bank Panin announced yesterday that its net profit was Rp 83 billion (US$25.5 million) in the first three quarters this year, or 3.7 percent higher than the total net profit of Rp 80 billion in 1996. The bank's president, Rostian Sjamsudin, said revenue from operations rose to Rp 764 billion and interest income rose to Rp 695 billion by the end of September.

Yayuk's ranking down to 23

Yayuk's ranking down to 23 JAKARTA (JP): Indonesian Yayuk Basuki's ranking has dropped to 21 from 23 in the Women's Tennis Association list, Antara reported yesterday. Yayuk's ranking, based on 1,274 accumulated points, dipped after she lost in the first round of the Kremlin Cup last week. She said she had been suffering from laryngitis. Dominique van Roost of Belgium jumped to 20th position, followed by Barbara Paulus of Austria and Kimberly Po of the USA with 1,280 in 22nd place.

Hotel Mulia 'must scrap second tower'

Hotel Mulia 'must scrap second tower' JAKARTA (JP): A city councilor urged the management of Hotel Mulia Senayan to scrap its plan to erect a second tower because the hotel already violated the authorized land use. Lukman Mokoginta, the chairman of the Indonesian Democratic Party faction, said the four-hectare lot was a designated green area not a commercial site.

Doping dilemma

Doping dilemma From Pikiran Rakyat The 19th Southeast Asia Games have just ended, with Indonesia the overall winner. Despite the success, we were taken aback by several disagreeable happenings, like the unruly behavior of soccer fans one day before the closing of the Games and the doping case of national cyclist Tonton Susanto from West Java. We wonder how it could have happened to an athlete of Tonton's stature.

Airfreight service restriction criticized

Airfreight service restriction criticized JAKARTA (JP): The government's plan to limit international air freighters' services to Batam island in Riau province will make cargo services more costly, an executive said. Jean-Paul Moreau of Air France Cargo said here yesterday that if the requirement was fully enforced the operational costs would be much higher even though the landing rates at Batam's Hang Nadim Airport were lower.

Debate marks Assembly session

Debate marks Assembly session JAKARTA (JP): Minority factions United Development Party (PPP) and Indonesian Democratic Party (PDI) sparked debate in the People's Consultative Assembly yesterday by suggesting changes to the institution's internal rules. PPP spokesman Zein Badjeber told the session the Assembly should have judicial review authority over laws and all the regulations below them. This would include verdicts stipulated by the Supreme Court, according to Zein.

New fortune for Busang seller

New fortune for Busang seller MELBOURNE (Reuters): The British mining executive who sold the Busang gold property in Indonesia for US$6 million years before the site was proved a dud said yesterday his company may be sitting on a new bonanza.

RP trying to free kidnapped priest

RP trying to free kidnapped priest MANILA (AFP): President Fidel Ramos said yesterday he had dispatched a member of his cabinet to the southern Philippines to lead efforts to recover an Irish Roman Catholic priest kidnapped by Moslem gunmen. Desmond Hartford, 54, of Dublin, was seized near the town of Kolambugan on Oct. 27 by former Moslem separatist guerrillas who want the government to produce soft loans and other benefits promised them when they surrendered six years ago.

Rupiah rebounds on foreign dollar selling

Rupiah rebounds on foreign dollar selling JAKARTA (JP): The rupiah recovered against the U.S. dollar yesterday on regional positive sentiment and Bank Indonesia's mild intervention as the stock market ended slightly lower in lackluster trading, dealers and brokers said. Currency dealers said improving regional currencies and Bank Indonesia's intervention in afternoon trading helped the rupiah recover to 3,270 against the greenback from yesterday's low of 3,345 in midday trading.

Marubeni sees upside to Southeast Asian turmoil

Marubeni sees upside to Southeast Asian turmoil TOKYO (Reuters): Recent currency and stock turmoil in Southeast Asian markets has created a good opportunity for firms looking to invest in infrastructure projects there, a senior official with trading firm Marubeni Corp says.

Toyota halts production

Toyota halts production TOKYO (DPA): Japan's biggest car-maker, Toyota Motor Corp., said Wednesday it will suspend manufacturing cars in Thailand until the end of this year due to slow sales in that country. Toyota will temporarily halt production of passenger cars at two of its plants - one in Samrong, southeast of Bangkok, and the other in Chachoengsao, east of the capital, from November 10 and 17 respectively, officials said.

U.S. unconvinced by 'Asia fund' concept

U.S. unconvinced by 'Asia fund' concept CANBERRA (Reuters): The United States is not convinced of the need for an "Asia fund" from which countries in the region could draw in times of financial crisis, U.S. Deputy Secretary of State Strobe Talbott said yesterday. Briefing reporters in Australia at the start of an Asia- Pacific tour, Talbott said Washington believed the International Monetary Fund was the proper body to tackle crises such as the recent market turmoil in Asia.

The Chinese problem

The Chinese problem A seminar held on Oct. 28, 1997 attempting to find a satisfactory solution to the problem of nationals of Chinese descent, finished in an atmosphere of friendship and understanding.

Two arrested for motorcycle thefts

Two arrested for motorcycle thefts JAKARTA (JP): Two men were arrested separately in East Jakarta on Tuesday for allegedly attempting to steal motorcycles. During police questioning, the two suspects, identified as Suyadi and Riawanto, claimed to be members of the military, a police source said yesterday. Suyadi claimed to be a member of a military transportation unit here and the other suspect claimed to be a member of a cavalry unit, said the source.

Lower rubber prices affect BSP's profit

Lower rubber prices affect BSP's profit JAKARTA (JP): Publicly listed PT Bakrie Sumatra Plantations (BSP) announced yesterday that its after-tax profit dropped by about 10 percent in the first three quarters of this year to Rp 29.99 billion (US$9.08 million) from Rp 33.69 billion in the same period last year. The company's president, Hari Witono, said the drop in net income was due to the fall in rubber prices in the international market.

Shame on us

Shame on us From Merdeka On Oct. 29, Merdeka reported businessman Probosutedjo's statement that as a nation, we feel ashamed by Malaysia's offer of US$1 billion in aid for us to come to grips with our monetary crisis, while Malaysia has a similar crisis. In my opinion, the statement is true, except that in giving its aid, Malaysia has a wish of its own to be helped by Indonesia. I do not know.

Wayang show for the heroes

Wayang show for the heroes JAKARTA (JP): An East Javanese group, called Pawarta Jatim, will stage a wayang kulit (shadow puppet) show in the parking lot of the National Monument (Monas) park in Central Jakarta on Dec.15. The nightlong show, which is to start at 8.00 p.m. and finish at dawn, will be performed by three Indonesian puppet masters: Ki Soenarjo, Ki Mantep Sudarsono and Ki Soerono Gondotaruro. The event -- which is being held to commemorate National Heroes' Day on Nov.

Where to go in Bandung:

Where to go in Bandung: Music and Entertainment * Preanger Aerowisata Bandung Hotel, Jl. Asia Afrika No. 81, Central Bandung: - Tempo Doeloe Terrace: Back To Sixties featuring Starlite Band, every Sunday, 7 p.m. to 11 p.m., Asea Band, from Philippines, Monday to Friday, 7 p.m. to 11 p.m. and Saturday at 9 p.m. to 1 a.m. - Preanger Restaurant: Pianist, Monday to Friday, 6 p.m. to 9 p.m., Satuday, 3 p.m. to 6 p.m., Pianist and Singer, Monday to Saturday, 10 p.m. to 1 a.m.

Government to launch fluoridation program

Government to launch fluoridation program JAKARTA (JP): The government will launch a national campaign to fluoridate drinking water next week to help combat dental problems. Minister of Health Sujudi told journalists yesterday that the massive drive was part of an awareness campaign on dental and oral hygiene which would be adopted as the main theme of the Nov. 12 National Health Day.

TV today

TV today TVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 TV Series: Adventure of Pinochio 3:10 Science Film: Animal Odyssey 3:35 Religious Teachings: Islam 4:00 Regional News 4:30 Variety Show: Pelangi Budaya 5:00 Arabic Lessons 5:30 Education 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 Music: Pemilihan Bintang Radio dan Televisi 9:00 World News 9:30 Koran Recital 9:40 TV Drama:...

RI will overcome crisis with IMF help: Soeharto

RI will overcome crisis with IMF help: Soeharto KUALA LUMPUR (AFP): President Soeharto expressed confidence here yesterday that his country will overcome its economic crisis amid strong fundamentals and support from the international community. "Indonesia has been badly hit by the currency crisis. We know and we are trying to overcome this," he said at a news conference after a three-day summit of the Group of Fifteen (G-15) developing nations.

Indosat reports business diversification, high income

Indosat reports business diversification, high income JAKARTA (JP): PT Indosat has acquired 15.2 percent of shares in Alphanet Telecom Inc (ATI) of Canada worth C$15.75 million (US$10.5 million) as part of its expansion into international telecommunications. ATI, publicly listed on the Toronto Stock Exchange, provides international telecommunications services, Indosat's corporate development vice president Safwan Natanagara said here yesterday.

Undercover police shuttle stranded minibus passengers

Undercover police shuttle stranded minibus passengers JAKARTA (JP): Forty undercover officers from the Central Jakarta Police precinct stood in for striking M-11 minivan drivers yesterday, picking up stranded passengers along the Tanah Abang-Kebon Jeruk route. The officers, who drove 20 minivans, were assigned to encourage drivers of the M-11 and M-09 minivans -- which ply the Tanah Abang-Kebayoran Lama route -- to return to work.