Indonesian Political, Business & Finance News

Archive: 1 December 1997

46 articles found

Asia's monetary woes scuttle weapons sales

Asia's monetary woes scuttle weapons sales KUALA LUMPUR (AFP): The financial crisis sweeping Asian economies may reduce regional arms purchases as prices of military hardware escalates, military analysts say. The crisis has also led to the withdrawal of seven companies from the Langkawi International Maritime Aerospace Exhibition (LIMA) '97 starting Tuesday in Malaysia's northern resort island of Langkawi.

Paris sets agenda as European ait hub

Paris sets agenda as European ait hub Air France recently invited a group of Indonesian journalists to have a close look at its services and the Charles de Gaulle Airport and its facilities in Paris. The Jakarta Post's reporter Akmal Syams wrote the following two articles. PARIS (JP): Charles de Gaulle airport in Paris will add two new runways to dramatically increase its capacity and secure its position as one of Europe's major hubs.

KL denies oil deal report

KL denies oil deal report KUALA LUMPUR (Reuters): Malaysian Prime Minister Mahathir Mohamad on Saturday quashed reports that Malaysia had sought US$8.8 billion from Taiwan in exchange for crude oil, the national news agency Bernama said. Speaking to reporters on his return from the Asia Pacific Economic Cooperation (APEC) forum summit in Canada and a two-day working visit to Japan, Mahathir said it was just another rumor.

Daimler opens Chinese plant

Daimler opens Chinese plant STUTTGART (Reuters): Germany's Daimler-Benz AG said on Friday that it had started a joint venture company with a Chinese partner to manufacture buses, in a bid to extend its position in the Chinese market. The new company, to be based in Guangzhou province, will be called Yaxing-Benz and will be the largest Asian bus manufacturer. Daimler-Benz and Guangzhou Motor Coach Manufacturer each hold 50 percent in the joint venture.

Star Mild takes top honors at drag race

Star Mild takes top honors at drag race JAKARTA (JP): The Star Mild team finished on top in the eighth and final round of the national drag race at Sentul, near Bogor, on the weekend. The members of the winning team were Robert J. Paul of Canada and local drivers Donnie Pangemanan and Ronny Hermawan. Paul took first place with 105 points, followed by Donnie with 69 points and Ronny also with 69 points. The Star Mild team also won in Bali (Sept. 2) and Manado (Sept. 6).

Village chief held over land wrangle

Village chief held over land wrangle TANGERANG (JP): The current and former village chiefs of Karangsari in Batuceper district are being held at the local prosecutor's office over the illegal sale of 12.7 hectares of state land. Head of the prosecutor's office, Abdul Hakim Ritonga, said Saturday that village chief Mustaqim, 45, and the former chief, Mukri Botek, 54, had been detained since Nov. 24. "We hope their statements will lead to more suspects in this case," Ritonga said.

National Library to stage exhibition

National Library to stage exhibition SEMARANG, Central Java: The National Library will exhibit a rare collection of Indonesian artifacts and ancient manuscripts during an exhibition to be held here from Dec. 2 to Dec. 4. Supriyanto, head of the National Library's Semarang branch, said the exhibition aims to encourage an appreciation of Indonesian culture. It was also designed to promote cooperation among libraries in Indonesia, he was quoted by Antara as saying Saturday.

KL to use radar for busy strait

KL to use radar for busy strait KUALA LUMPUR (Reuters): Malaysia will commission a new 100 million ringgit (US$28.5 million) radar system next year to make the increasingly busy Strait of Malacca safer for ships, a local newspaper reported yesterday. The New Sunday Times quoted Transport Minister Ling Liong Sik as saying that tests were being conducted on the new system which had been approved in principle by the International Maritime Organization.

TV Program: Monday, Dec. 1, 1997

TV Program: Monday, Dec. 1, 1997 TVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 Cartoon Film: The Big Valley 3:10 TV Drama: Isya Murahan 3:35 Religious Teachings: Hindu 4:00 Regional News 4:30 Documentary 5:00 Indonesian Lessons 5:25 Variety Show 5:30 Boyscout's Program: Serang Bertakwa 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 News: Laporan Luar Negeri 8:00 News: Lintasan Berita 8:05 Quiz: Gita Remaja 9:00...

Hopes fade for 'quick fix' to monetary woes

Hopes fade for 'quick fix' to monetary woes KUALA LUMPUR (Reuters): Hopes for the quick creation of an emergency rescue fund for ailing Southeast Asian economies faded yesterday as finance officials gathered in Malaysia to debate the region's financial crisis. Ministers attending a meeting in Kuala Lumpur said the depth of the financial crisis and nagging differences over the shape of the fund would likely prevent the aid from being available until next year.

Crocodile overturns canoe, attacks man

Crocodile overturns canoe, attacks man SAMARINDA, East Kalimantan: A crocodile bit off the right leg of a hunter in the jungles of East Kalimantan, Antara said Saturday. Villagers had been hunting the crocodile for five days after it killed 14-year-old Muchtar on the bank of a tributary of the Kayan River on Nov. 20. A group of traditional crocodile hunters went in search of the animal on Thursday.

Kadin clarifies statement on S'pore loans

Kadin clarifies statement on S'pore loans JAKARTA (JP): The Indonesian Chamber of Commerce and Industry (Kadin) said yesterday that it never asked the government to bail out large, privately owned businesses. The chamber's chairman, Aburizal Bakrie, called on big businesses to tackle their liquidity problems on their own rather than seek government help. Clarifying his previous statement, Aburizal said the chamber welcomed Bank Indonesia's statement on Nov.

Tense Baghdad-Washington relations reach anticlimax?

Tense Baghdad-Washington relations reach anticlimax? By Riza Sihbudi JAKARTA (JP): Iraqi President Saddam Hussein said on Nov. 17 that his country was not in the least interested to engage in a direct confrontation with the United States and hoped that a diplomatic solution would be sought so that a fresh military conflict would not break out in the Middle East. A few days later, Saddam allowed all members of the United Nations Special Commission (UNSCOM) to return to Iraq.

New regulation for Tanah Abang hotels

New regulation for Tanah Abang hotels JAKARTA (JP): The city administration will revoke the operating licenses this week of dozens of short-term-stay hotels in Tanah Abang, Central Jakarta, as part of its plan to clean up the area, an official said. Head of the city public order office, Hadi Utomo, said Thursday that the Hotels' licenses would be revoked because they had were a cause of the mushrooming prostitution there.

City told to curb misuse of funds

City told to curb misuse of funds JAKARTA (JP): City councilors urged the municipality Saturday to tighten its control and supervision of officials' behavior to help prevent the misuse of city funds. They made the remarks in response to the discovery of 1,046 suspected incidents of malfeasance by the City Inspectorate Division this year. Lukman Mokoginta from the Indonesian Democratic Party told The Jakarta Post that such malfeasance incidents were typical in the municipality.

Assembly open to last-minute input

Assembly open to last-minute input BOGOR, West Java (JP): The People's Consultative Assembly is open to public input on deliberation of state policy guidelines up to their formal endorsement next March, the Assembly's deputy speaker said yesterday. Poedjono Pranjoto said the Assembly had not set a time limit on receiving people's aspirations before the general session in which the guidelines will be adopted.

Public recognizes anguish of abortion

Public recognizes anguish of abortion JAKARTA (JP): Experts may frame their arguments about abortion around lofty talk of regulations and morals, but the plain realities of life appear to matter more to men and women on the street. Many of them, interviewed by The Jakarta Post over the weekend, were accepting of women who undergo abortions due to extenuating circumstances, such as financial predicaments or psychological problems.

Dili gets new police, military chiefs

Dili gets new police, military chiefs DILI, East Timor: East Timor Police chief Col. Atok Rismanto installed Lt. Col. Setyanto as Dili precinct chief Saturday, replacing Lt. Anton Bachrul Alam. Alam is being posted to Sukabumi, while Setyanto's former post as chief of Baucau Police precinct will come under the command of Lt. Col. Hari Prasetya.

Govt lauded for Pakpahan's treatment

Govt lauded for Pakpahan's treatment SEMARANG (JP): Human rights activists have praised President Soeharto's decision to allow Canada to send medical diagnostic equipment and personnel to Jakarta to treat jailed labor leader Muchtar Pakpahan. Satjipto Rahardjo and Muladi, both members of the National Commission on Human Rights, agreed in an interview with The Jakarta Post over the weekend that the decision was a sign that Indonesia respects human rights.

Humpuss starts IPO

Humpuss starts IPO JAKARTA (JP): PT Humpuss Intermoda Transportation begins the public sale of its shares today. In a statement the company said that it was offering around 74 million shares to the public at Rp 675 (18,5 U.S. cents) per share during the initial public offering (IPO) period, which lasts until Wednesday.

Gas still leaking in Aceh, 1,400 people evacuated

Gas still leaking in Aceh, 1,400 people evacuated JAKARTA (JP): Natural gas and mud reportedly continued to spew yesterday from an oil well that exploded Friday in Aceh, but officials of state-owned oil company Pertamina in the province said the situation was under control.

Moslems told to unite to improve their lot

Moslems told to unite to improve their lot JAKARTA (JP): Poverty and incompetence seem to be the lot of Indonesian Moslems despite their large number and growing political clout, scholars agreed over the weekend.

Selecting the right technology

Selecting the right technology By Markus Krisetya SALATIGA (JP): In the current foreseeable horizon of development possibilities, technology appears to be one of the most important factors of production. If properly selected and implemented, technology can have positive and lasting effects for a country's overall development agenda.

Brokers under restrictions

Brokers under restrictions KUALA LUMPUR (AFP): The Kuala Lumpur Stock Exchange announced Saturday it will place five Malaysian brokerages under trading restrictions from next week. The brokerages are Kuala Lumpur-based Sime Securities and Capitalcorp Securities, MBf Northern Securities and Kin Khoon Co in northern Perak state and Labuan Securities in Labuan island off eastern Sabah state.

House poised to endorse code of ethics for legislators

House poised to endorse code of ethics for legislators BOGOR, West Java (JP): After weeks of public criticism, following reports of alleged bribery, the House of Representatives has dusted itself off and promised to endorse a code of ethics for legislators. Deputy House Speaker Syarwan Hamid said here over the weekend that leaders of the legislative body had chosen deputy speakers Abdul Gafur and Fatimah Achmad to set up a team to deliberating the code.

Lee Kuan Yew warns Vietnam about reforms

Lee Kuan Yew warns Vietnam about reforms HANOI (AFP): Singapore's senior minister Lee Kuan Yew strongly warned Vietnam about reversing its economic reforms Saturday and said there was an urgent need to give better treatment to foreign investors.

Stock market predicted to be bearish this week

Stock market predicted to be bearish this week JAKARTA (JP): Trading on the Jakarta Stock Exchange (JSX) is likely to remain bearish this week due to a combination of weak regional markets and lower-than-expected third quarter results from local companies. Securities analysts and brokers said bearish trading in regional markets would certainly affect stock prices on the local bourse.

Soeharto wants exact data on workers' repatriation

Soeharto wants exact data on workers' repatriation JEDDAH, Saudi Arabia (JP): President Soeharto has ordered the nation's envoy in Saudi Arabia to determine the exact number of illegal Indonesian workers recently repatriated from the kingdom. Minister/State Secretary Moerdiono said over the weekend that Soeharto was apparently confused by differences in figures provided by Minister of Manpower Abdul Latief and ambassador Zarkowi Soejoeti.

SEA Games funds

SEA Games funds From Sinar Pagi The public has not received any response from the SEA Games consortium nor the Indonesian National Sports Committee (KONI) on the specification of revenues and expenditures for the recently held SEA Games in Jakarta. Through the letters column of a number of media I have proposed to the consortium and KONI to issue a statement on the funds collected from the public and their subsequent use.

Fire destroys 120 houses

Fire destroys 120 houses JAKARTA (JP): Six hundred people were left homeless after fire destroyed more than 120 houses on Jl. Kampung Rawa Raya in Johar Baru district, Central Jakarta, yesterday. There were no fatalities in the fire which started at 6:45 a.m. and spread quickly through the densely populated area in the Kampung Rawa subdistrict. Witnesses claimed the explosion of a kerosene stove in one of the houses was to blame for the blaze.

Thailand gets ADB loan

Thailand gets ADB loan BANGKOK (AFP): The Asian Development Bank (ADB) will approve loans of US$600 million to help reform Thailand's battered finance sector and to minimize the social impact of the country's economic recession, ADB officials said Saturday. The loans are part of the ADB's US$1.2 billion contribution to the $17.2 billion rescue package arranged by the International Monetary Fund.

Montessori school

Montessori school Linawati Sidarto's article Montessori students break away from rote learning (Nov. 26, 1997) provides some insights into the Montessori way of educating children. The article also highlights a school that is not only backed by business people from the upper echelons of society but, by dint of its tuition fees, caters for children from the same stratum.

Air France strives to tap growing Asian traffic

Air France strives to tap growing Asian traffic PARIS (JP): To meet the growing needs of the Asian travel market, Air France has been increasing the capacity and the frequency of its services and has introduced more nonstop flights to its Asian routes. Since April 1997, more flights have been added to routes from Singapore and Indonesia, and capacity has also been increased on flights from Thailand and Vietnam. Now, Air France also flies daily to India (Delhi and Bombay).

Hundreds of textile firms have money woes

Hundreds of textile firms have money woes JAKARTA (JP): Hundreds of small and middle-scale textile and textile-related companies are reportedly confronting serious financial problems due to higher operation costs from the sharp depreciation of the rupiah. Indonesian Textile Association (API) secretary-general, Benny Soetrisno, said yesterday the currency crisis had caused the increase in prices of raw materials from between 12 percent to 25 percent.

Expert shortage hampers success of police probes

Expert shortage hampers success of police probes JAKARTA (JP): A shortage of forensic experts in Indonesia has hindered the progress of many investigations, especially murders, the capital's Police chief said Saturday. Maj. Gen. Hamami Nata said after delivering the keynote speech at a seminar titled "Policy on the Effects of Crime on People's Health and Lives" at the University of Indonesia's School of Medicine, that there were only 75 forensic doctors throughout Indonesia.

IMF to host crisis meeting

IMF to host crisis meeting TOKYO (DPA): The International Monetary Fund (IMF) will host a conference for the finance ministers and central bank chiefs of Southeast Asian nations in Tokyo next week, reports said Saturday. The meeting, hosted by IMF director Michael Camdessus to focus on the region's economic, financial and currency problems is scheduled for Thursday, the report said.

Teach teenagers use condoms, AIDS experts say

Teach teenagers use condoms, AIDS experts say JAKARTA (JP): Experts greeted today's International AIDS Day with calls on the weekend for sex education -- including how to use condoms -- to curb the spread of the deadly disease among preteens and teenagers. Psychologist Sarlito Wirawan Sarwono and an activist from the Indonesia AIDS Foundation, Ninuk Widyantoro, agreed that teenagers should be taught in school not only about reproductive health and pregnancy but also how to use condoms.

Soeharto to open new luxury complex

Soeharto to open new luxury complex JAKARTA (JP): President Soeharto will open today the five- hectare Lingkungan Dharmawangsa, a luxury apartment and hotel complex in Kebayoran Baru, South Jakarta. Executive director of the complex Michael Sumarijanto said that the project, which cost about US$390 million, was designed to combine Indonesian traditional culture and modern art. He said that the complex housed five-star Hotel Dharmawangsa, Klub Bimasena and two apartment towers.

26 infected with cholera: Report

26 infected with cholera: Report KUALA LUMPUR (DPA): One person died of cholera and another 26 patients in Kuala Lumpur Hospital were infected with the illness yesterday, hospital director Dr. Lim Kuan Joo said. Malaysia's Health Minister Chua Jui Meng told reporters those who tested positive would be quarantined and people who had been in contact with a confirmed case must go to hospital for examination. The first symptom of cholera is diarrhea and may be accompanied by vomiting, Chua said.

Dewa 19 bags the most AMI music awards

Dewa 19 bags the most AMI music awards JAKARTA (JP): Alternative music group Dewa 19 won six awards at the inaugural Anugerah Musik Indonesia (AMI) on Saturday night. In the alternative music category, Dewa 19 -- comprising Ari Lasso, Wong Aksan, Erwin Prasetya, Andra Junaedi and Dhani Manaf -- bagged awards for best song (Kirana), best group and best album (Pandawa Lima, produced by PT. Aquarius Musikindo).

W. Sumatra elects new governor

W. Sumatra elects new governor PADANG, West Sumatra: The provincial legislative council voted Saturday Brig. Gen. (ret.) Muchlis Ibrahim, currently West Sumatra deputy governor, as governor for the 1997-2002 period. If his election is approved by President Soeharto, the 55-year old Muchlis will succeed governor Hasan Basri Durin who ends his term on Dec. 29, Antara reported. Muchlis won 31 of the 45 votes at the election on Saturday.

Asian crisis affects world growth

Asian crisis affects world growth LONDON (AFP): The financial turmoil in East Asia will shave 0.5 percent from world economic growth in 1998, with continental Europe the most exposed region after Asia, U.S. investment bank Lehman Brothers forecast Friday. The global economy will expand by 2.5 percent next year, according to the bank.

Indonesia is ready for multimedia era: Minister

Indonesia is ready for multimedia era: Minister JAKARTA (JP): Despite the low penetration of telecommunications infrastructure per Indonesian inhabitant, the country is ready to enter the multimedia era in the next century, according to Minister of Tourism, Post and Telecommunications Joop Ave. The minister said Saturday that Indonesia had a clear vision and feasible program to enter the multimedia era. "We have prepared students to be scientists in this field.

Rainy season means you need a UPS to protect your PC

Rainy season means you need a UPS to protect your PC By Zatni Arbi JAKARTA (JP): I remember when I first moved into my small West Jakarta house in early 1992. The electricity supply was very bad. The voltage was very low, particularly in the evenings when every other house in the city turned its lights and other appliances on. We had to switch our fluorescent lights on early in the afternoon. If we forgot to, they would flicker like the lights of a car with a clogged carburetor.

Where to go in Jakarta: Monday, Dec. 1, 1997

Where to go in Jakarta: Monday, Dec. 1, 1997 Exhibitions * Painting Exhibition: The Southern Charm by Katrina Bohan- Tyrie, at Galeri Linggar, Jl. Kemang Timur No. 36, South Jakarta, 10 a.m. to 10 p.m., until Dec. 7. * Painting Exhibition: From Mooi Indi to Persagi, at Museum Seni Rupa Jakarta, Jl. Taman Fatahilah, West Jakarta, on Tuesday to Friday, Sunday at 9 a.m. to 3 p.m., Saturday 9 a.m. to 2 p.m., until Dec. 26. * Video Exhibition: Tanda Api at Galeri Teguh, Jl.

Chinese descent misconceptions

Chinese descent misconceptions Benny Subianto has accurately unveiled the love-hate relationship between Indonesians of Chinese descent and other Indonesians. This is due to the authorities' attitude and policies dating back many years regarding people of Chinese descent. Allow me to quote Mr. Subianto's vivid description from his article No easy answer to racial issues (Nov. 14, 1997).