Indonesian Political, Business & Finance News

Archive: 25 February 1997

59 articles found

Samsung invests in Malaysia

Samsung invests in Malaysia KUALA LUMPUR (AFP): South Korea's Samsung Group yesterday opened its largest overseas manufacturing complex in Malaysia and announced plans to invest further in the country's growing electronics sector. Prime Minister Mahathir Mohamad, inaugurating the 52-hectare (128-acre) Samsung complex in Seremban, a town south of Kuala Lumpur, called for more South Korean firms to invest in high value-added industries in Malaysia.

Try Sutrisno to open first sports congress

Try Sutrisno to open first sports congress JAKARTA (JP): Vice President Try Sutrisno is scheduled to open the first National Sports Congress and the National Coordinating Meeting on Youth Affairs and Sports, organized by the office of the state minister of youth affairs and sports in cooperation with the National Sports Council and the Ministry of Education and Culture.

Silalahi criticizes officials

Silalahi criticizes officials JAKARTA (JP): State Minister of Administrative Reform T.B. Silalahi upbraided "arrogant" public servants for poor service standards and demanding they be served by people. Addressing a training session for high-ranking officials yesterday, Silalahi said public service received wide attention. "And I see there are more arrogant officials than those that can be called real officials," he was quoted by Antara as saying.

Shenzhen recalls Deng's push for economic growth

Shenzhen recalls Deng's push for economic growth SHENZHEN, China (AFP): Residents of Shenzhen mourned the death of paramount leader Deng Xiaoping on the day he was cremated yesterday, recalling his special influence on the booming southern city. Shenzhen, which Deng turned into a capitalist laboratory in the early 1980s, has become one of the most successful of China's Special Economic Zones.

Lawyer tried for defaming minister

Lawyer tried for defaming minister JAKARTA (JP): A lawyer was charged in court here yesterday with defamation of State Minister of Public Housing Akbar Tanjung last year. Lawyer Heri S. Kolopaking was accused in the Central Jakarta District Court of spreading information about what he called the illegal selling of a piece of land, owned by his clients, by Akbar Tanjung last year.

Cue Energy and Wirabuana sign exploration joint venture

Cue Energy and Wirabuana sign exploration joint venture WELLINGTON (Reuter): Cue Energy Resources yesterday said it had negotiated a joint venture with the Wirabuana Group of Jakarta, Indonesia, which would undertake oil and gas exploration work in South Sumatra.

PPP leader urges campaign boycott

PPP leader urges campaign boycott SURAKARTA (JP): A local United Development Party (PPP) leader has called for a boycott of the upcoming election campaign, saying the rules were made to benefit the dominant political organization, Golkar. Chief the Surakarta (Solo) PPP chapter Mudrick Setiawan Sangidu said the campaign rules "castrated" the rights of PPP and the Indonesian Democratic Party (PDI).

Policemen trial continues

Policemen trial continues BANDUNG: Four former police officers standing trial for mistreating a Tasikmalaya Moslem teacher and his two students have admitted the wrongdoing, but pleaded that other officers involved should be brought to court as well. The officers, who were dishonorably discharged over the incident, said several of their colleagues should also be questioned for beating up Moslem teacher Mahmud Farid and his students Habib and Ichsan.

Banks to operate overseas

Banks to operate overseas TAIPEI (Reuter): Taiwan's central bank said on Monday it had authorized four local banks to operate in Britain, Burma, Canada, Indonesia, the Philippines and Singapore. The state-run Hua Nan Commercial Bank will upgrade its London representative office to a branch and manage Taiwan-China financial communications at its branch in Singapore, the bank said in a statement.

Tourist handbooks

Tourist handbooks From Neraca. In the year 2000 Indonesia is predicted to be a major tourist destination in Southeast Asia. This is good news for me since I work for a tourist related company. Therefore, I welcome the government's plan which will transform the approaching millennium into a development objective. I was happy to learn last year that Indonesia had attracted four million foreign tourists who visited regional tourist sites.

RI sailors join Hawaii sailing race

RI sailors join Hawaii sailing race JAKARTA (JP): Indonesia's training ship the KRI Arung Samudera is the only participant from Asia taking part in the Hawaii- Fukuoka sailing race. Navy spokesman Col. Mualimin Santoso, said Sunday the KRI Arung Samudera is currently sailing around the world. The Hawaii- Fukuoka race route forms part of the ship's journey, which started from Hawaii. "The weather in the Pacific Ocean area is very rough and the ship must struggle throughout the way.

Yuliani Sentosa to play at All England

Yuliani Sentosa to play at All England JAKARTA (JP): Former Uber Cup heroine Yuliani Sentosa is to play in the All England badminton championships at her own expense following a decision by the Badminton Association of Indonesia allowing her to participate. Yuliani, nicknamed Yubing, said during the wedding reception for Susi Susanti and Alan Budikusuma held Sunday evening she will take part in the championships, scheduled in Birmingham from March 11 to March 15.

Bimantara to operate new car plant next year

Bimantara to operate new car plant next year JAKARTA (JP): The Bimantara Group's automotive division and South Korea's Hyunday Motor Company will start operating a car assembly plant in Purwakarta, West Java, next year. Jongkie D. Sugiarto, the president of PT Bimantara Cakra Nusa, said yesterday the 120-hectare plant would have the capacity to assemble 100,000 cars a year.

Doubts still linger over truce in West Kalimantan

Doubts still linger over truce in West Kalimantan JAKARTA (JP): A week after the last reports of ethnic violence in West Kalimantan, tension in the capital Pontianak has gradually subsided but doubts linger that the week-old truce between the native Dayaks and the migrant Madurese will survive. Reliable sources on the clashes which reportedly caused "hundreds" of casualties are proving hard to find.

Police HQ's permit request still missing

Police HQ's permit request still missing JAKARTA (JP): City officials said a developer planning to rebuild the City Police Headquarters had yet to submit requests for construction permits. The officials, who requested anonymity, were from the city's development supervision agency and spatial plans agency. "The plans might still be being assessed by the city's team of architects," an official said. The official said such a large project must be acknowledged by the architects.

Environmental constraints exit in moral education

Environmental constraints exit in moral education By Mochtar Buchori JAKARTA (JP): Do our children really get moral education at school? How should moral education be conducted to help our children become really committed to the norms of morality? I was asked this question by a young man who is very knowledgeable about our schools. As a reporter on educational matters, he has very extensive knowledge about how moral education has been conducted in our schools.

Batan optimistic on nuclear plan

Batan optimistic on nuclear plan DARWIN (Reuter): The deputy director general of Indonesia's national atomic energy agency (Batan) said yesterday he was optimistic that the government would approve the construction of a nuclear power station in Java. "From the various studies conducted to date, it can be concluded that nuclear power has a very good prospect in Indonesia," Agar Djaloeis told a uranium conference here.

Sampoerna expands overseas

Sampoerna expands overseas JAKARTA (JP): Cigarette maker PT HM Sampoerna plans to expand into other Asian countries by either building production plants or distribution companies. The chairman of the company Putera Sampoerna said the main priority was to expand into other ASEAN nations. "The ASEAN countries are our initial target," he said at the sidelines of the CEO award ceremony held by SWA Sembada magazine yesterday.

Brunei sets US$5b development plan

Brunei sets US$5b development plan BANDAR SERI BEGAWAN (Reuter): Brunei's new BR$7.2 billion (US$5 billion), five-year development plan will focus on building power plants and roads, expanding the seaport and developing the capital, official sources said yesterday. Brunei's Sultan Hassanal Bolkiah announced the plan in a speech marking the country's 13th national day since gaining independence from Britain in 1984.

RI likely to ratify atomic weapon act

RI likely to ratify atomic weapon act JAKARTA (JP): The Southeast Asian Nuclear Weapons Free Zone treaty could come into effect next month if Indonesia becomes the seventh country to ratify it, thus fulfilling the minimum quota for its implementation. In a meeting with members of House Commission I for foreign affairs, defense and information yesterday, Minister of Foreign Affairs Ali Alatas underlined the importance of a speedy endorsement of the treaty.

Official recounts Budiman's early Marxist tendencies

Official recounts Budiman's early Marxist tendencies JAKARTA (JP): Budiman Sujatmiko, the chairman of the Democratic People's Party (PRD), has had a strong fascination with Marxism since his senior high school days in the 1980s, a Bogor regency official said yesterday. Yamin M.

Legislators complain about bills

Legislators complain about bills JAKARTA (JP): The two minority party factions in the House of Representatives renewed their complaints yesterday over the flood of bills they have to deliberate before the end of their term. Indonesian Democratic Party (PDI) faction spokesman B.N. Marbun told a plenary meeting yesterday that as time was running out the House had no choice but to endorse every bill submitted by the government.

'PUDI not responsible for unrest'

'PUDI not responsible for unrest' JAKARTA (JP): The Indonesian Democratic Union Party (PUDI) denied yesterday charges made by Armed Forces Chief Gen. Feisal Tanjung last week that it was behind recent unrest. PUDI chairman Sri Bintang Pamungkas said his organization shunned violence although it adopted a "non-cooperative" policy toward "people who refuse political reform".

ABRI needs to reduce its political role: LIPI report

ABRI needs to reduce its political role: LIPI report JAKARTA (JP): The Armed Forces (ABRI) needs to minimize its political role to allow democracy to flourish and political reform to take place, the government-run National Institute of Sciences (LIPI) has recommended. The institute said in a report that the military should reduce its political role in stages; from control through participation to eventually playing only a backseat role.

Brawlers to join ABRI's Rural Civic Action

Brawlers to join ABRI's Rural Civic Action JAKARTA (JP): The involvement of students in the Armed Forces Rural Civic Action (AMD) is positive and needs encouragement, Jakarta Military Commander Maj. Gen. Sutiyoso said yesterday. At the inauguration of an AMD team, involving 500 military personnel and 150 senior high school students, in South Jakarta yesterday Sutiyoso said in this program students would be encouraged to be mindful of their neighborhoods.

TV today

TV today TVRI 2:30 p.m. Travel: My Country 2:35 TV Series: Berestain Bears 3:00 News: Lintasan Berita 3:05 Children's Program: Taman Bermain 3:30 Science Film: Four Minute Mile 4:00 News: Lintasan Berita 4:05 Science and Technology Film: Science World 4:30 Teenagers' Program: Drama Remaja 5:00 Regional News 5:30 English Lessons 6:00 News: Lintasan Berita 6:05 Nusantara, the Beloved Country 6:15 Village Program 6:30 TVRI News 7:00 Evening News 7:25 Filler and Trailer 7:30 Religious Teachings:...

Rubber prices in SE Asia seen flat on soft demand

Rubber prices in SE Asia seen flat on soft demand SINGAPORE (Reuter): The Southeast Asian rubber market is seen wallowing in the doldrums this week due to sluggish demand, and curbs on supply from the current wintering are unlikely to support prices, traders said yesterday. "The market is very weak. It's still dominated by a very, very sluggish demand picture," the chief rubber dealer for one firm told Reuters. "It is very annoying.

Is it proper to consider religion a critical force?

Is it proper to consider religion a critical force? By Th. Sumartana YOGYAKARTA (JP): Thoughts about the role of religion in society often culminate in a dead end when people neglect the impacts of religion on society, i.e. its presence as a critical force. This role is particularly overlooked when religious thinkers are in a favorable position and receive privileges on account of their position. They become less aware of one of the basic vocations of religion i.e.

Tri Polyta posts Rp 10.6b net loss in 4th quarter

Tri Polyta posts Rp 10.6b net loss in 4th quarter JAKARTA (JP): PT Tri Polyta Indonesia announced yesterday a net loss of Rp 10.6 billion (about US$4.4 million) for the fourth quarter of last year after a net income of Rp 8.3 billion in the same period of 1995. The company said the net loss, on U.S. Generally Accepted Accounting Principles (GAAP) basis, was Rp 413 per American Depository Share (ADS). This compared to net income of Rp 322 per ADS during the fourth quarter of 1995.

Bagasari says threre is room for new players

Bagasari says threre is room for new players JAKARTA (JP): PT Bogasari Flour Mills, which has had a monopoly over flour production in Indonesia, welcomed yesterday the entry of new players in the flour market. PT Bogasari president Sudwikatmono said the company, which is a subsidiary of the Salim Group's publicly listed Indofood Sukses Makmur, did not have any expansion plans and this would provide room for the new producers.

45,000 to join entrance test tryout

45,000 to join entrance test tryout JAKARTA (JP): As many as 450,000 third grade senior high school students from all over the country are expected to gather at Senayan main stadium here on April 6 for the university entrance test tryout. The gathering, sponsored by privately-run Tiara Indonesia Foundation and Teknos, an organization dealing with education, is also intended to enhance relationships among students in Indonesia.

Recreation center in Sawangan

Recreation center in Sawangan JAKARTA (Antara): A 10-hectare recreation center, called Taman Wisata Permata Buana, will be opened on March 1, in Sawangan, some 30 kilometers southwest of here. The recreation center currently has only a restaurant and three fishing ponds but will soon have a karaoke bar, tennis courts, a swimming pool, an auditorium and a children's playground, its President Director Kurnia Hermawan said yesterday.

Parking fee hike

Parking fee hike From Media Indonesia The proposed increase of parking fees in Jakarta up to Rp 5,000 indicates there is something wrong with Jakarta's parking system. The main problem is the low annual revenue of Rp 6 billion, well below the targeted Rp 11 billion. The cause for the shortage in revenues may be ascribed to the non-issuance of tickets by parking attendants in exchange for the payment of parking fees. I suggest that a system of coupons be introduced for parking.

Foreign markets

Foreign markets From Neraca I have been following reports about President Soeharto's trip to Cambodia, Laos and Myanmar. I seriously follow all news in the media and on TV. I also like to enrich my knowledge with information from officials and businessmen who have been abroad in the last two years. I was impressed to learn the economies in those countries are picking up again. Efforts are being made to improve the nations' economies by increasing infrastructure.

Where to go in Jakarta:

Where to go in Jakarta: Music * Mandarin Oriental Jakarta, Jl. MH Thamrin, Central Jakarta: - Chequers; The World Premier Band from USA, daily (except Sunday), 9 p.m. to 1 a.m. * Millennium Sirih Jakarta, Jl. Fachrudin 3, Jakarta: - The Lobby Lounge; Sahata Group, daily, 7 p.m. to 10.30 p.m. * Grand Hyatt Jakarta, Jl. MH Thamrin, Central Jakarta: - Fountain Lounge; Klasiko Suprema from the Philippines, daily (except Tuesday), 8:30 p.m.

Kadin calls for affirmative action

Kadin calls for affirmative action JAKARTA (JP): The Indonesian Chamber of Commerce and Industry and the House Budget Commission suggested yesterday the drafting of a new economic and political policy to propel the indigenous into the economic mainstream. The chamber's chairman, Aburizal Bakrie, said at a hearing with the commission that the indigenous made up 95 percent of the country's 200 million people but were deprived economically.

Mayor says city will buy land in Condet soon

Mayor says city will buy land in Condet soon JAKARTA (JP): The city office of the Ministry of Agriculture will soon buy land in the Condet area to preserve Betawi culture. East Jakarta Mayor Soedarsono said yesterday the mayoralty would appropriate eight hectares of land in the Balekambang subdistrict. The land in the Kramatjati district, Soedarsono said, would then be redistributed to locals with land use status.

Five tax-related bills deliberated

Five tax-related bills deliberated JAKARTA (JP): House of Representatives members have demanded the bill on local taxes and fees not increase the burden of businesses and local administrations. Legislator Setyadji Lawi from the Indonesian Democratic faction said yesterday the bill should eliminate unnecessary local taxes and levies to reduce business' high costs of businesses. But he also said the bill should not reduce local administrations' revenues.

Fire victims told to report to alert center

Fire victims told to report to alert center JAKARTA (JP): People claiming to be the owners of razed buildings on burned out land in North Jakarta on which rebuilding has been banned, should report to the new alert command center at the district military command, a public order official said.

Bakrie to form consortium to buy Bank Pacific

Bakrie to form consortium to buy Bank Pacific JAKARTA (JP): Bakrie Group chairman Aburizal Bakrie said he would form a consortium with several local businesspeople to take over the ailing Bank Pacific. Aburizal said after attending a House Budget Commission hearing that Bank Pacific, after being acquired, would be managed by Bakrie Group affiliate Bank Nusa International. Aburizal refused to identify the consortium's potential members.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Feb. 24, 1997: ------------------------------------------------------- Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 900 0 0 AHAP Insurance 2,675 0 0 Alter Abadi 1,175 0 0 Alumindo Light Metal 1,275 0 166,000 Alumindo Perkasa 800 50 2,500 Andayani Megah 1,025 25 260,500 Aneka Kimia Raya 1,300 25 871,000 Anwar Sierad 1,925 25 322,500 Aqua Golden Mississippi 5,250 875...

Makindo's mutual funds

Makindo's mutual funds JAKARTA (JP): PT Makindo Securities's investment arm Intru Nusantra launched an open-end mutual fund into the domestic capital market yesterday. The firm's managing director, Gunawan Jusuf, said the company expected to generate about Rp 1 trillion (US$422 million) from the fund, named Garuda Satu, within two years. He said PT Intru Nusantara, the fund's management company had secured Rp 220 billion from the public for the funds so far.

Project Barito Ulu aims to save Kalimantan's rain forests

Project Barito Ulu aims to save Kalimantan's rain forests By Yenni Kwok JAKARTA (JP): More a compromiser than a die-hard environmentalist, Rupert Ridgeway is the manager of Project Barito Ulu, whose main objective is to regenerate Kalimantan's damaged rain forests without halting logging activities.

Six hikers die on Mt. Rinjani

Six hikers die on Mt. Rinjani MATARAM, West Nusa Tenggara: Six mountaineers were found dead and six others are missing after a storm hit the 3,726-meter Mount Rinjani, Antara reported. All those killed were identified as coming from Lombok Island and the missing mountaineers are from the West Java capital of Bandung. Search and Rescue officials said yesterday the six were believed to have died between Friday and Saturday when a storm swept across the mountain.

Security bill will not replace subversion law

Security bill will not replace subversion law JAKARTA (JP): The government reiterated yesterday the controversial subversion law is here to stay, despite the growing clamor for it to be replaced by an internal security act. Minister of Defense and Security Edi Sudradjat said after a plenary meeting with the House of Representatives that the government was drafting an internal security bill, that it would not replace the 1963 Subversion Law.

ICMI accepts resignation from Amien

ICMI accepts resignation from Amien JAKARTA (JP): Critical Moslem scholar Amien Rais relinquished his leading position within the influential Association of Indonesian Moslem Intellectuals (ICMI) yesterday, vowing to continue to speak out against injustices and for democratization. A plenary meeting led by organization chairman B.J.

Australia rules out halting aid for PNG

Australia rules out halting aid for PNG SYDNEY (DPA): Australia yesterday ruled out halting aid to Papua New Guinea for hiring mercenary commandos to fight rebels in the troubled province of Bougainville. Foreign Minister Alexander Downer said treaty obligations prevented a suspension of Australia's annual A$320-million (US$249 million) aid budget for Papua New Guinea (PNG). Australia is the biggest aid donor to PNG, its former colony.

Govt promises VAT refunds in 10 days

Govt promises VAT refunds in 10 days JAKARTA (JP): Director General of Taxation Fuad Bawazier promised yesterday his office would process value added tax (VAT) refunds for export-oriented firms in 10 days of exporters filing their tax refund invoices. Fuad said yesterday delays in VAT refunds were mainly because of exporters' negligence in filling out tax invoices. "So, please inform exporters to fill out the invoices correctly if they want a quick processing of their VAT refunds," Fuad said.

Asian palmoil prices seen up on PORLA data

Asian palmoil prices seen up on PORLA data KUALA LUMPUR (Reuter): Asian palm oil markets are likely to firm this week, with fresh buying seen at the opening after the weekend release of supportive Malaysian official January crop data, regional traders said. On Saturday, Malaysia's Palm Oil Registration and Licensing Authority (PORLA) announced lower-than-expected end-January palm oil stocks of 696,272 tons, down from 794,454 tons at end- December, and against trade estimates of 710,000-720,000.

Dossiers on suspects returned

Dossiers on suspects returned DILI, East Timor: The dossiers of the four people suspected of being involved in the riots here last Dec. 24 were returned to the police yesterday for lack of facts and evidence. District Prosecutor J.F. Martanto said yesterday the police were given two weeks to complete the dossiers. There had been 12 suspects, but police submitted the dossiers of only four people.

Linknet offers electronic commerce services

Linknet offers electronic commerce services JAKARTA (JP): Internet company Linknet is offering an electronic commerce service as part of its expansion in Indonesia's growing internet market. Linknet president Rohmad Hadiwijoyo said yesterday the service was part of his company's three new services which would be launched Thursday. The other two services are Indonesian business data, which includes market and company analysis, and an education center with an online library.

Eight students detained

Eight students detained JAKARTA (JP): One of nine students arrested for using morphine Saturday has been released following the negative results of her blood and urine tests. A police lieutenant at the Central Jakarta Police precinct said yesterday the released student, identified only as TD, 21, was a law student at a state university in Jakarta. TD was one of two female students in the group. The officer, who asked not to be named, said the other eight students were still being held.

Timor car maker starts constructing plant

Timor car maker starts constructing plant JAKARTA (JP): PT Kia Timor Motor, a joint venture between South Korea's Kia Motors and PT Timor Putra Nasional, started building its US$275 million car manufacturing plant in Cikampek, West Java, yesterday. Timor Putra's president Hutomo Mandala Putra (Tommy) said the plant would start commercial production in October next year with an annual capacity of 70,000 Timor sedans and 50,000 Sportage sports utility vehicles.

U.S. organization takes human approach to conservation

U.S. organization takes human approach to conservation By Yenni Kwok JAKARTA (JP): Gone are the days when conserving nature meant kicking out humans from protected areas. Today's buzzword for nature conservation seems to be the coexistence of humans and nature. That is the belief of Nature Conservancy, a U.S.-based non- profit organization.

Bogor Regency sacks staff

Bogor Regency sacks staff BOGOR, West Java (JP): Bogor Regent Eddy Gunardi announced yesterday that he had fired five staff for serious violations of public service and punished 121 others for mistakes. Eddy said he had dismissed the employees for damaging the image of civil servants. He refused to identify the five. "One of the 121 undisciplined employees was demoted, another employee got a promotion delay. The other 119 got strong warnings," Eddy said in a promotion ceremony for 646 staffers.

Lessons from Kalimantan

Lessons from Kalimantan For several decades, Indonesia has prided itself on its ability to forge unity among its people from diverse ethnic, cultural and religious backgrounds. Pluralism, far from dividing the country, has been the nation's strength.

ASEAN told to open up investments

ASEAN told to open up investments KUALA LUMPUR (AFP): ASEAN expects to complete the implementation of a free trade plan by 2000, three years ahead of schedule, and should move on to create an open investment area in the region, an ASEAN official said Monday. Association of Southeast Asian Nations (ASEAN) secretary- general Ajit Singh urged members to capitalize on the achievements of the ASEAN Free Trade Area (AFTA) and establish an ASEAN Investment Area (AIA) in order to be competitive.

Croatian PM to forge economic ties with RI

Croatian PM to forge economic ties with RI JAKARTA (JP): Croatian Prime Minister Greguric Matesa is to arrive here tomorrow for a five-day state visit which will include two days in Bali. The main purpose of his visit is to strengthen economic ties between Indonesia and Croatia. Indonesian Minister/State Secretary Moerdiono said economics would highlight the visit with no or few other bilateral matters being discussed.

Sugar mills not for sale: Sjarifuddin

Sugar mills not for sale: Sjarifuddin JAKARTA (JP): Minister of Agriculture Sjarifudin Baharsjah said yesterday the government would not privatize state-owned plantation companies' sugar mills in Java even though they were inefficient. "Their inefficient operations are not caused by poor management but by other reasons," he said after opening a four- day ministry workshop.