Indonesian Political, Business & Finance News

Archive: 15 December 1997

54 articles found

Minister of food and Bulog chief

Minister of food and Bulog chief In my letter of Dec. 13, 'Do we have to import rice?', is the following sentence: "The Bulog chief stated that the supply was adequate and thus no import was needed. On the other hand, the state minister of food, who is one and the same person,..." The phrase "who is one and the same person" is wrong because the Bulog chief and the minister of food are two different people.

Stricter controls urged to foil smuggling at port

Stricter controls urged to foil smuggling at port JAKARTA (JP): City Police chief Maj. Gen. Hamami Nata ordered the Tanjung Priok Port police Saturday to tighten controls on the flow of passengers and their luggage at the port to prevent drug smuggling. Hamami said there was a likelihood drugs syndicates would shift their smuggling attempts to the port following the imposition of stricter controls at Soekarno-Hatta International Airport.

Police arrest 3 drug dealers

Police arrest 3 drug dealers PALU, Central Sulawesi: Donggala Police apprehended three men suspected of drug trafficking in Tatura, East Palu, Central Sulawesi early Saturday. Local police chief Lt. Col. Adrizal Adnan identified the three as SP, a 60-year-old retired civil servant, and his two sons, FP, 35, and RP, 32. They were arrested at their home shortly after midnight.

Indonesian ADRs drop on NYSE

Indonesian ADRs drop on NYSE NEW YORK (Reuters): Indonesian ADRs -- American Depositary Receipts -- plummeted on the New York Stock Exchange Friday as the country's currency dropped on worries about the health of President Soeharto. "They're all down on Soeharto and the currency troubles," a trader said. Soeharto, 76, canceled a trip to this week's summit meeting of the Association of Southeast Asian Nations on medical advice. He also called off a visit to the grave of his wife.

Pelni to operate two new ships

Pelni to operate two new ships JAYAPURA, Irian Jaya: State-owned shipping company PT Pelni will begin operating two luxury liners, KM Rinjani and KM Umsini, in eastern Indonesia starting next month, Antara reported. Syamsuddin Oemar of the company's Jayapura office said the new ships were expected to help boost economic development in the region. Starting on Jan.

Where to go in Jakarta:

Where to go in Jakarta: Exhibitions * Painting Exhibition: 7 Gradasi, by Basuki Rahardjo, IPP Yasa, Jean Marcia T, Mary Rumawas, Sony Marsono, Soetarjo and Widarto, at the Lobby, Hotel Indonesia, Jl. Thamrin, Central Jakarta, 9 a.m. to 9 p.m., until Dec. 20. * Painting Exhibition: Impressions of Indonesia by Hetty Ansing at the Nusantara Gallery, Jl. Arteri Raya, Paradiso Executive Complex, Central Jakarta, until Jan. 10. * Painting Exhibition: Nuansa Cakrawala, by Rieta Yoedho, A.

Expert hails closure of Tanah Abang kiosks

Expert hails closure of Tanah Abang kiosks JAKARTA (JP): A senior criminologist from the University of Indonesia, Purnianti, hailed the city's closure of illegal warungs (kiosks) in Tanah Abang but urged the municipality to find alternative jobs for the people it evicted. When contacted yesterday, Purnianti said that the crackdown on kiosks allegedly selling alcohol along Jl. Jatibaru, in the heavily populated area in Central Jakarta, on Saturday, had appeased residents.

Stock market expected to tumble further this week

Stock market expected to tumble further this week JAKARTA (JP): Stock prices on the Jakarta Stock Exchange (JSX) are expected to fall further as worries about President Soeharto's health and a further drop in the rupiah would continue to dampen the buying mood.

China grabs four GP badminton titles

China grabs four GP badminton titles JAKARTA (JP): China proved its supremacy in badminton by sweeping four of the five titles at the 1997 Lipton World Grand Prix Badminton Finals at the Senayan Indoor Stadium yesterday. Two of the titles came at the expense of the host, Indonesia, whose only victory came in the men's doubles through Candra Wijaya and Sigit Budiarto. The Indonesian pair defeated arch rivals Cheah Soon Kit and Yap Kim Hock of Malaysia 17-15, 11-15, 15-5.

S. Jakarta Police shoot alleged thief

S. Jakarta Police shoot alleged thief JAKARTA (JP): South Jakarta Police shot dead a man, who allegedly attempted to steal a police vehicle, when he later resisted arrest, the victim's younger brother said yesterday. Marsiano, alias Nano, was shot twice, once in the chest and once in his right shoulder. His brother, Sartiyono said that Nano, from the Bukit Duri area in South Jakarta, was enjoying his second day of freedom after being released from Cipinang Rehabilitation Center in East Jakarta.

Intelligence body yet to catch source of rumors

Intelligence body yet to catch source of rumors JAKARTA (JP); The State Intelligence Coordinating Body (Bakin) admitted that it was having difficulty tracking the source of rumors which it claims were responsible for the recent plunge of Indonesia's financial markets. Bakin's deputy chief, Nurhadi Purwosaputro, said his office was conducting an investigation over the rumors, which he said were aimed to weaken the Indonesian economy.

Datuk's trial to begin this month

Datuk's trial to begin this month MEDAN, North Sumatra: The trial of Achmad Suraji, who is suspected of killing at least 42 women, will begin on Dec. 22 at the Lubuk Pakam District Court. Muhammad Nasution, a spokesman for the court, said last Thursday that Judge H. Harefa would preside over the hearings with T. Simanjuntak as prosecutor. Achmad, alias Nasib Kelewang or Datuk, has admitted killing 42 women since 1986 to preserve his supposed supernatural powers. He claimed he wanted to kill 70.

Asian stocks to fall further on S. Korean crisis

Asian stocks to fall further on S. Korean crisis HONG KONG (Reuters): Asian markets are set for further declines this week, with investors keeping to the sidelines and fearful of developments in South Korea. Reports that South Korea was demanding early release of financial assistance negotiated under a record International Monetary Fund package heightened nervousness. Markets were also edge about rumors that Indonesian President Soeharto had fallen ill.

Beware of what scam

Beware of what scam As a reader of The Jakarta Post, I have noticed that Mr. Bill Guerin's letters have frequently appeared in the "Your Letters" column. At times, the contents gave me cause to become amazed at the poor logic presented. In his letter Beware of the old scam he has done it again. It is very obvious he does not really know what he was writing about. Yes, Future Strategies offers a money making scheme that works.

Thailand's ailing economy seen to recover in 1999

Thailand's ailing economy seen to recover in 1999 BANGKOK (AFP): Thailand's ailing economy will recover in 1999 with the country's plunging currency stabilizing at between 35 and 36 baht to the dollar, officials were quoted as saying Saturday. The forecast from the National Economic and Social Development (NESD) board came as the embattled economy, which sparked Asia's regional financial crisis, sank to a new low point as its currency crashed to more than 45 to the greenback.

Not the right time to lift minimum wage: Employers

Not the right time to lift minimum wage: Employers JAKARTA (JP): Both employers and workers gave cautious comments Saturday over whether the minimum wage in the city should be increased to allow for rising prices. Djafar Tirtosentono, chairman of Pulau Seribu Marine Tourism Association, told The Jakarta Post that it was hard even to stay alive in tourism these days due to the current monetary crisis. "Imagine this.

China's PICC enters S'pore

China's PICC enters S'pore BEIJING (AFP): The People's Insurance Company of China (PICC) plans to open a Southeast Asian regional office in Singapore to study the feasibility of setting up companies in Malaysia and Thailand, the official China Daily said Saturday. PICC group vice-president Wu Xiaoping said he believed Southeast Asia has a "bright future" after it emerges from the financial turmoil which has slowed growth in the region.

Armed men stage midday robbery

Armed men stage midday robbery JAKARTA (JP): A gang of at least four armed men robbed a gold shop at a market in Cempaka Putih, Central Jakarta, yesterday and made off with two kilograms of jewelry worth Rp 50 million (US$10,000). A police source said the robbers, who had watched London Shop on Jl. Rawasari since the early morning from a stall nearby, entered the shop about midday when they thought the coast was clear.

RP president calls return of Marcos money 'boon' to country

RP president calls return of Marcos money 'boon' to country MANILA (AFP): Philippine President Fidel Ramos called a Swiss court's decision to release one fifth of the US$500 million of former dictator Ferdinand Marcos a "boon" to the country, a palace statement said yesterday.

Over 81,000 face famine in Maluku

Over 81,000 face famine in Maluku JAKARTA (JP): As relief efforts continued in drought-stricken Irian Jaya, it was reported Saturday that over 81,000 people in Maluku were facing severe food shortages. Antara quoted a local official as saying that villagers in the Lemola subdistrict, the worst-hit area of Southeast Maluku regency, have been forced to forage for yams and fruit in the forest for the past month.

Psychologist concerned over premarital sex among teens

Psychologist concerned over premarital sex among teens JAKARTA (JP): Leading psychologist Sarlito Wirawan Sarwono expressed concern yesterday over the high number of teenagers engaging in premarital sex. Quoting a study conducted by reproductive health expert Wimpie Pangkahila in 1990, Sarlito said 25 percent of all Indonesian youths between the ages of 10 and 24 have had sex. Pangkahila's account was by far the highest among surveys on teenage sex.

Alcatel clinches $115m project

Alcatel clinches $115m project JAKARTA (JP): French telecommunications giant Alcatel has won a US$115 million contract from Multi Media Asia Indonesia (MMAI) to develop the ground segment of Multi Media Asia (M2A), a multimedia satellite network. Under the agreement, Alcatel will design and deliver one network control system, a national gateway, three regional gateway stations, six local minigateways and 1,000 preproduction subscribers' terminals before the end of 1999.

One of six missing divers found alive

One of six missing divers found alive UJUNGPANDANG, South Sulawesi (JP): An Indonesian diving guide missing for three days with five Japanese divers off Betang Island here was found alive yesterday, local police said. Capt. Sjamsu Ridjal of the Bulukumba Police precinct said Zubair Ali, 30, was found by villagers on Kambuna Island in a critical condition and rushed to a community health center in nearby Sinjai. "Meanwhile, the search for the five Japanese divers will continue," Ridjal said.

Golkar not to rescind Soeharto's nomination

Golkar not to rescind Soeharto's nomination JAKARTA (JP): Golkar remains steadfast in its support for President Soeharto's renomination to another term of office despite concerns over the President's ailing health. Golkar chairman Harmoko said Saturday the ruling political organization would not rescind Soeharto's nomination.

ASEAN agrees to liberalize services

ASEAN agrees to liberalize services KUALA LUMPUR (AP): The Association of Southeast Asian Nations has agreed to liberalize trade in services among its nine members and set up a foundation to help its people help themselves. Copies of the agreements, which are to be signed by top ASEAN officials at their three-day summit that opened last night, were obtained by The Associated Press.

Comments on abortion

Comments on abortion From Kompas Government officials' comments on abortion are confusing and marked by mutual reproach. The police complain that the Indonesian Medical Association (IDI) should have informed them about doctors and clinics practicing abortion. An IDI member stated that he did not agree with abortion but he had not reported any cases to the police. Somebody else said that the act of terminating pregnancy was in violation of the medical code of ethics.

Obituary

Obituary Actor WD Mochtar died late Saturday evening at the Abdul Moeloek Hospital in Tanjungkarang, Lampung, at the age of 69. A hospital employee said Mochtar had complained of breathing problems and had been admitted to the hospital on Dec. 6. But despite the intensive care of three doctors, the life of the celebrated actor could not be saved. Antara reported that Mochtar died peacefully in the arms of his wife Nurlela and daughter Yatie Kusumaningrum.

Asian currencies caned, more grief to come: Analysts

Asian currencies caned, more grief to come: Analysts SINGAPORE (Reuters): Battered Asian currencies took another severe beating last week and there is a better than even chance they will suffer again during the next five trading sessions, financial analysts said. South Korea's won fell a desperate 28 percent in just five days, a fall that rattled investors and sent stock markets in Asia and elsewhere tumbling.

Council upset by water company

Council upset by water company MEDAN, North Sumatra: All factions of North Sumatra's legislative council expressed disappointment Saturday over the poor performance of the province's water company PDAM Tirtanadi. "Tirtanadi recently raised its prices more than 200 percent despite strong criticism from its customers, but we are surprised that the hike is not reflected at all in the company's revenue," said councilor Djalil Siregar during a council plenary session.

ASEAN summit puts spotlight on IMF

ASEAN summit puts spotlight on IMF KUALA LUMPUR (AP): Southeast Asian leaders, worried that IMF rescues have not stopped their currency crises, urged the United States and other economic powers yesterday to help by showing support. They also worked doggedly to come up with a joint statement to present a united front for action and bolster market confidence immediately. "I hope it will have some concrete effect," said Rodolfo Severino, the Philippine undersecretary of foreign affairs.

C. Java regencies prone to landslides

C. Java regencies prone to landslides SEMARANG: A recent survey indicated that 28 of Central Java's 35 regencies and mayoralties were vulnerable to landslides because of unstable land, a local official said Saturday. "Local authorities and people must keep alert, especially during the rainy season, to prevent any disaster," said Hadi Wasito, an official at the province's ministry of social services office. Antara, however, did not reveal the names of the 28 regencies and mayoralities.

Jamsostek member

Jamsostek member From Bisnis Indonesia I have had an interesting experience as a member of Jamsostek's social security program. I became a Jamsostek member in 1990 when I started working at a private company. The premium was deducted from my salary every month. Six years later (at the end of 1995), I quit the company and moved to an NGO. There are only four people working in this institution, including myself, on a contract basis and they have no social security system.

Malaysia calls for 'Buy ASEAN' drive to curb crisis

Malaysia calls for 'Buy ASEAN' drive to curb crisis KUALA LUMPUR (Reuters): Malaysian Prime Minister Mahathir Mohamad urged Southeast Asian nations on Saturday to lift themselves out of financial crisis by buying each others' goods and shunning more expensive foreign products. Mahathir issued his new prescription for the region's mounting economic ills as foreign leaders began arriving in the Malaysian capital for a summit of ASEAN, the nine-member Association of South East Asian Nations.

Equitor gets ISO 9002 award

Equitor gets ISO 9002 award JAKARTA (JP): Standard Chartered Equitor, a custodial and clearing division of Standard Chartered Bank, has received ISO 9002 certification The company said Saturday that the certification was awarded by SGS Yarsley International Certification Services in recognition of its quality system and excellence in the provision of custodial services, including safekeeping, registration, settlement and corporate actions in Indonesia.

TV today

TV today TVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 Cartoon Film: The Big Valley 3:10 TV Drama: Gejolak Hati 3:35 Religious Teachings: Buddha 4:00 Regional News 4:30 Creative Program: Merajut Serat 5:00 Indonesian Lessons 5:25 Variety Show 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 Development Program: Lemhanas 8:00 News: Lintasan Berita 8:05 TV Drama: Perempuan di Persimpangan Jalan...

Save our environment

Save our environment Hurry up policymakers of Indonesia. It's high time to think about and get ready to punish people who endanger the environment by burning waste material in the open. Predictions are that the next dry season will come soon. Be ready! And don't forget, television can spread the word. Let us be efficient in saving our kids' environment. B. SUROSO Bandung, West Java

Malaysian PM conveys concerns to Myanmar leader

Malaysian PM conveys concerns to Myanmar leader KUALA LUMPUR (Agencies): Malaysian Prime Minister Mahathir Mohamad met the leader of Myanmar's military government yesterday and conveyed concern over the situation in that country, Malaysia's foreign minister said. Mahathir met Senior Gen. Than Shwe, chairman of the State Peace and Development Council (SPDC) and Myanmar's prime minister, ahead of a summit of Asian nations in the Malaysian capital.

Indonesia's school face a dilemma about idealism

Indonesia's school face a dilemma about idealism By Mochtar Buchori JAKARTA (JP): From my childhood on until my late twenties I was continuously exposed to a rather romantic view of education. I was always told that education is a very powerful cultural force that shapes the future of our nation. To illustrate this view it was always pointed out to me that all our national leaders -- from Dr.

Bank Papan turns to Lotus tracking system

Bank Papan turns to Lotus tracking system JAKARTA (JP): Lotus Development, a leading international computer software company, has developed a communications system for Bank Papan to process housing loan applications as well as communicate with its customers through the Internet. The product, known as the Visionary Loan Origination System (VLOSity), was jointly announced by Lotus Development president Jeff Papows and Bank Papan President Al Njoo at Dharmawangsa Hotel yesterday.

Law stipulates equal treatment

Law stipulates equal treatment By Benny Subianto JAKARTA (JP): In his article published in The Jakarta Post on Dec. 3, 1997, Irman G. Lanti argued that CIDES' proposal of affirmative action policy is not racist as I had suggested in my article published on Nov. 13 in this newspaper. I highly appreciate Irman's response as the head of the research department at the Center for Information and Development Studies, thus initiating a public debate on this serious issue.

Transparent budget

Transparent budget President Soeharto's instruction to State Minister of National Development Planning Ginandjar Kartasasmita that the 1998/1999 draft for the state budget be realistic and fully transparent will surely send a positive signal to the market.

Political reform and transparency urgent: Miriam

Political reform and transparency urgent: Miriam DEPOK, West Java (JP): The government must empower the people's legislative institutions if it wants to revive an ailing political system, an expert said Saturday. Miriam Budiardjo, one of the country's most senior political scientists, urged the government to cure the politics which has resorted to practices once deemed inappropriate.

Rupiah is the worst performer of the year

Rupiah is the worst performer of the year LONDON (Reuters): The Indonesian rupiah has clocked up the biggest foreign exchange loss of 1997 so far and analysts say it is in almost uncontrolled freefall where only round figures make any difference. Out of a selected group of 25 emerging market currencies -- see table below -- the Indonesian unit has been the worst performer of the year and the Argentine peso the best, simply by not moving at all.

EDS receives ISO 9001

EDS receives ISO 9001 JAKARTA (JP): Automotive wiring maker EDS Manufacturing Indonesia has received ISO 9001 certification from the United States' Underwriters Laboratories Inc., the company announced. The company said Saturday it also received over the weekend the QS 9000 certification from Underwriters for the international quality of its product. EDS, which is based in Tangerang, West Java, is equally owned by PT Astra Dian Lestari and Japan's Yazaki Corporation.

BI urged to divest its reserves to ease panic

BI urged to divest its reserves to ease panic JAKARTA (JP): Bank Indonesia, the central bank, should divest a significant amount of its foreign exchange assets to help desperate indebted firms and stop the fall of the rupiah, Australian economist Ross M. McLeod said.

Political will key to economic reform: Analyst

Political will key to economic reform: Analyst JAKARTA (JP): Indonesia's economic turmoil may lead to a crisis of confidence if the public loses faith in the government's ability to carry out bold economic reforms. Political analyst J. Kristiadi said only the will of the government could make a consistent and conscientious economic program which would allow the country's economy to bounce back.

Gran Melia clarification

Gran Melia clarification Referring to an article in The Jakarta Post Dec. 12, 1997, page 3, entitled No big bashes at hotels, but discounts are plenty, we would like to clarify the rate for New Year's Dinner at Gran Melia Jakarta in order not to give incorrect information to readers. New Year's Eve dinner celebrations on Dec. 31, 1997, at: - Columbus Fine Dining -- Rp 275,000/person. - Cafe Gran Via and Lobby Lounge -- Rp 125,000/person. - Tien Chao (Chinese Restaurant) -- Rp 175,000/person.

Asia must clean up its economies, says Mar'ie Muhammad

Asia must clean up its economies, says Mar'ie Muhammad NEW YORK (AFP): Indonesian Finance Minister Mar'ie Muhammad said here Friday that Asian countries must be more transparent in their financial dealings in order to rebuild confidence in their economies. "Confidence-building becomes the core of the issue, and this is not merely an economic issue," he said in a speech to the Asia Society.

Nissan to build Asian recreational vehicles

Nissan to build Asian recreational vehicles TOKYO (AFP): Japan's Nissan Motor Co. Ltd. plans to launch production and sales of new recreational vehicles in Asia as part of its review of business strategy in the slumped region, a daily reported yesterday. Japan's second largest car maker plans to produce and market an "Asian version" of new recreational vehicles in Indonesia and Thailand starting 2000, the Nihon Keizai Shimbun said.

Political differentiation key to reforms

Political differentiation key to reforms By Aleksius Jemadu BANDUNG (JP): Many political analysts would agree with Mochtar Pabottingi, a senior researcher at the Indonesian Institute of Sciences, who suggested that the Indonesian political system really needs reforms after decades of obsession with state-led political stability.

Asia scrambles to beat year 2000 bug

Asia scrambles to beat year 2000 bug By Christina Toh-Pantin KUALA LUMPUR (Reuters): Asia's currency crisis may have pushed aside another worry that the region will have to rush to resolve as the decade draws to a close -- the "millennium bug" that threatens computer systems worldwide. "There are some parallels at the moment with the economic problems of some countries and the Year 2000 (bug)," said David Tickner, Digital Equipment Corp's Year 2000 program manager.

Tips on recreating scanned charts, logos with CorelDRAW

Tips on recreating scanned charts, logos with CorelDRAW By Zatni Arbi JAKARTA (JP): You're the computer whiz in the office. You know how to create all sorts of graphics in CorelDRAW. So, one morning, your boss throws a fax containing a chart under your nose. He's going to make a presentation at a client's office in the afternoon and he wants to include the chart that he has just received through the fax in his PowerPoint slide show. He wants you to do it for him.

Bekasi maid sought for murder of boss' baby

Bekasi maid sought for murder of boss' baby JAKARTA (JP): Police are looking for a housemaid who allegedly drowned her employers' six-month-old baby girl in the bathroom of the family's home in Bekasi. Bekasi Police Chief. Lt. Col. Adjie Rustam said yesterday evening that a team of detectives had been dispatched to several areas believed to be used as hiding places by the woman, who was hired the day before to work in the family's residence.

Garuda, foreign carriers deal

Garuda, foreign carriers deal JAKARTA (JP): National flag carrier Garuda Indonesia has tied up with four overseas airlines, Korean Air, Air France, China Airlines and Martin Air of the Netherlands for the handling of its cargo services. Garuda said Saturday that the cooperation was aimed at meeting rising market demand and to improve its efficiency, since Garuda does not used its own cargo aircraft on international routes. The company operates two B737-200 freighters for domestic cargo flights.