Archive: 25 March 1997
47 articles found
Tue, 25 Mar 1997, 00:00 WIB
Local banks lack legal knowledge: BCA chief
Local banks lack legal knowledge: BCA chief JAKARTA (JP): Bad debts in the country's banking sector were partly because of banks' poor knowledge of corporate law, Bank Central Asia's president, Abdullah Ali, said yesterday. "The legal aspects which are hardly ever touched on in credit allocations, for instance, have resulted in huge numbers of bad loans," he said at the opening of a one-day seminar on the enforcement of Law No. 1, 1995 on Limited Liability Companies.
Tue, 25 Mar 1997, 00:00 WIB
TV today
TV today TVRI 2:30 p.m. Travel: My Country 2:35 TV Series: Berenstain 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 4:30 Teenagers' Program: Drama Remaja 4:55 Filler and Trailer 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 Belief in God...
Tue, 25 Mar 1997, 00:00 WIB
Ten killed in accident
Ten killed in accident PEKANBARU, Riau: Ten people were killed and 13 others were injured after a passenger bus collided with a truck here Sunday, Antara reported yesterday. The accident happened in the afternoon when the Sarana Ekspres bus, reportedly traveling at very high speed, slammed into the truck in Kampar district. The bus was en route from Pelabuhan Buton to Pekanbaru, the provincial capital of Riau province. Police are investigating the cause of the accident.
Tue, 25 Mar 1997, 00:00 WIB
Holdup on Jl. Sutomo
Holdup on Jl. Sutomo From Media Indonesia At 5 p.m. on March 10 I was riding home with my wife and our driver when we became caught in a traffic jam in front of the Navy Guesthouse, the Central Bureau of Statistics on Jl. Sutomo in Pasar Baru, Central Jakarta. I was startled by the scene in front of me. A young worker was being hustled by two men wearing hats and white and gray uniforms. At first it looked like an ordinary scene in a crowded street.
Tue, 25 Mar 1997, 00:00 WIB
S'pore, Brunei deny rumors of decoupling
S'pore, Brunei deny rumors of decoupling SINGAPORE (AFP): Singapore and Brunei yesterday denied market rumors of a decoupling between their currencies and affirmed their commitment to a one-to-one peg. "The governments of Brunei and Singapore wish to dispel such rumors and state clearly and categorically, that we have no intention of terminating the currency interchangeability agreement," a joint statement released here said.
Tue, 25 Mar 1997, 00:00 WIB
Indonesia gains no titles at Swiss badminton Open
Indonesia gains no titles at Swiss badminton Open JAKARTA (JP): Indonesia's plan to dominate badminton in Europe suffered another set back Sunday when it came away from the Swiss Open in Basel empty handed. The country's last hopes were dashed when Flandy Limpele and Minarti Timur were beaten by China in the mixed doubles final and Sigit Budiarto and Chandra Wijaya were beaten by South Korea in the men's doubles final.
Tue, 25 Mar 1997, 00:00 WIB
A call worth noting
A call worth noting Although a few months have passed since a major upheaval last rocked this country, the statement issued over the weekend at the conclusion of a three-day annual meeting of the Indonesian Council of Ulemas (MUI), deserves to be welcomed. Among other things, the statement called on Indonesian Moslems, who make up the overwhelming majority of this country's population, to help establish peace and national unity and to prevent social unrest.
Tue, 25 Mar 1997, 00:00 WIB
Where to go in Jakarta:
Where to go in Jakarta: Music * Radisson Hotel, Jl. Pecenongan 72, Central Jakarta: - Lobby Lounge Bar; Vino on Bass and Yudi on Piano, Mona and Nongky (Singers), Monday to Saturday, 6 p.m. to 10 p.m. * Ancol Travelodge, Jl. Lodan Timur No. 7, Taman Impian Jaya Ancol, North Jakarta: - Jungles Restaurant; Pasar Malam, Keroncong and Kecapi Suling, Friday, 6 p.m. to 10.30 p.m., Dixie Band, Saturday, 6 p.m. to 10.30 p.m., Trio Band, Sunday, 12 p.m. to 3 p.m. - No.
Tue, 25 Mar 1997, 00:00 WIB
Rape and rights forum to be held
Rape and rights forum to be held JAKARTA (JP): Noted lawyer Nursyahbani Katjasungkana and researcher Myra Diarsi are scheduled to participate in a public forum on rape and human rights on Wednesday. The Kalyamitra Foundation and the Jakarta Legal Aid Foundation are inviting students, officials, professionals, factory workers and university students to participate. The forum, which will also sell books and publications on women, will be held at Panti Trisula Perwari on Jl.
Tue, 25 Mar 1997, 00:00 WIB
Stock Exchange
Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on March 24, 1997: Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 1,025 0 0 AHAP Insurance 2,675 0 2,500 Alter Abadi 1,175 0 183,000 Alumindo Light Metal 1,125 -50 161,500 Alumindo Perkasa 725 25 15,000 Andayani Megah 1,000 0 99,000 Aneka Kimia Raya 1,175 -25 106,500 Anwar Sierad 975 0 477,500 Aqua Golden Mississippi 5,200 -100 52,000 Argha Karya Prima Industry 2,550 0...
Tue, 25 Mar 1997, 00:00 WIB
Malaysia approves bridge project
Malaysia approves bridge project KUALA LUMPUR (AFP): The Malaysian government has approved the construction of a bridge to replace a 74-year-old causeway linking its southern Johore state to Singapore, reports said here yesterday. The approval for the project was made public after both sides resolved a diplomatic spat triggered by Singapore Senior Minister Lee Kuan Yew's portrayal of Johore as crime-ridden. Malaysia has accepted an apology from Lee.
Tue, 25 Mar 1997, 00:00 WIB
Clients first
Clients first From Sinar The monetary agencies are working on the execution of a government decree (PP) concerning bank liquidation. On a whole, this matter may not interest the general public but the case of bank liquidation is closely related to bank clients. If a bank is liquidated, it is the customers who are directly affected. In the case of Bank Summa, for instance, the clients found it difficult to withdraw their money. They had to wait a long time.
Tue, 25 Mar 1997, 00:00 WIB
Quake cracks to be checked
Quake cracks to be checked PADANG, West Sumatra: The National Atomic Energy Agency (Batan) plans to inspect cracks which developed in high-rise buildings after a major earthquake shook western Indonesia, including Jakarta, early last week. Antara quoted A. Djaloeis, the deputy chairman of Batan for basic research and application, as saying here yesterday that the agency's nuclear technology, which uses gamma radiation, could detect cracks in reinforced concrete.
Tue, 25 Mar 1997, 00:00 WIB
BI secures US$500m standby loan
BI secures US$500m standby loan JAKARTA (JP): The central bank, Bank Indonesia, has secured a standby loan worth US$500 million from a syndication of 40 major banks from Asia, Europe, Australia and the United States. Bank Indonesia's governor, J. Soedradjad Djiwandono, said yesterday the loan would be used to back up the country's balance of payments.
Tue, 25 Mar 1997, 00:00 WIB
Govt to contract 6,000 teachers
Govt to contract 6,000 teachers PADANG, West Sumatra: Minister of Education and Culture Wardiman Djojonegoro said his office would soon contract 6,000 teachers to overcome the current shortage of teachers across the country. He said in Padang Panjang on Saturday that if the plan worked well in the initial stage, it would be followed by further stages to gradually address the shortage of teachers.
Tue, 25 Mar 1997, 00:00 WIB
Military to ban PDI long march
Military to ban PDI long march JAKARTA (JP): The East Java military command has banned the Bali-Jakarta long march planned by members of the rift-ridden Indonesian Democratic Party (PDI), Antara reported yesterday. It quoted East Java military commander Maj. Gen. Imam Utomo as saying that he and Bali military commander Maj. Gen. H.A. Rivai had agreed to prevent the long march from taking place.
Tue, 25 Mar 1997, 00:00 WIB
Hospital to be constructed
Hospital to be constructed BANDAR LAMPUNG, Lampung: The government will soon build a Rp 6 billion (US$2.5 million) hospital in Liwa district, West Lampung regency, Antara reported yesterday. Asian Development Bank aid will fund the project, according to Dr. Deddy Rusweni, the head of the provincial office of the Ministry of Health. Construction will start today in Liwa, some 250 km west of here.
Tue, 25 Mar 1997, 00:00 WIB
Schelde opens office here
Schelde opens office here JAKARTA (JP): Royal Schelde, a Dutch company operating in shipbuilding, engineering and industrial construction, has opened a regional office here to coordinate its activities in South East Asia.
Tue, 25 Mar 1997, 00:00 WIB
Telkom to keep its monopoly on long-distance calls
Telkom to keep its monopoly on long-distance calls JAKARTA (JP): The secretary-general of the ministry of tourism, post and telecommunications, Jonathan L. Parapak, has reiterated that PT Telekomunikasi Indonesia (Telkom) would keep its exclusive rights to provide long-distance calls until 2006 and domestic calls until 2011. Parapak said Telkom's would keep its monopoly even though several private companies were interested in entering the domestic telecommunications market.
Tue, 25 Mar 1997, 00:00 WIB
Unclear authority hampers transportation project
Unclear authority hampers transportation project JAKARTA (JP): Unclear authority in transportation management is a major constraint to large-scale public transportation projects here, observers say. They were responding to recent developments regarding a proposal to build a subway from Blok M, South Jakarta, to downtown Kota, and another proposal to build a three-tier system consisting of an elevated railway, toll road and artery road from Bintaro, South Jakarta, to Kota.
Tue, 25 Mar 1997, 00:00 WIB
Dharmala Finance to split its stock
Dharmala Finance to split its stock JAKARTA (JP): Shareholders of the publicly listed PT BBL Dharmala Finance agreed yesterday to the company's proposal to split its nominal share value from Rp 1,000 (40 US cents) to Rp 500. Dharmala's president, Arton Taweechotipatr, said after yesterday's annual general and extraordinary shareholders meetings that the split would double the number of shares to 180 million. "The split will improve the stock liquidity," Taweechotipatr said.
Tue, 25 Mar 1997, 00:00 WIB
Bank Mashil rights issue to raise up to $32 million
Bank Mashil rights issue to raise up to $32 million JAKARTA (JP): Publicly listed Bank Mashil expects to raise about Rp 76.16 billion (US$32 million) in a rights issue later this month. The bank's president, Agustinus T. Windoe, said yesterday the issue would increase the company's paid-up capital from Rp 108.8 billion to Rp 184.96 billion. With the rights issue, the company's capital adequacy ratio will increase from Rp 10.3 percent to 12.5 percent.
Tue, 25 Mar 1997, 00:00 WIB
Golkar faces huge challenges
Golkar faces huge challenges By Aleksius Jemadu BANDUNG (JP): Election campaigns can be viewed as a process of linking the agenda of the politicians and the aspirations of the people. The three election contestants, the dominant Golkar organization, the United Development Party (PPP), and the Indonesian Democratic Party (PDI), should prepare their respective political agendas in order to gain legitimacy from the people.
Tue, 25 Mar 1997, 00:00 WIB
Dibyo Widodo's mother dies
Dibyo Widodo's mother dies JAKARTA (JP): The mother of National Police Chief Gen. Dibyo Widodo died of heart problems yesterday morning. She was 73. Toerniati Soekardi was sent to Bhakti Yudha hospital, Depok, West Java, where she died on Sunday evening. She is survived by six children and 13 grandchildren. Dibyo is the eldest child. President Soeharto, Vice President Try Soetrisno and his wife Tuty, Army Chief of Staff Gen. Hartono, and City Police chief Maj. Gen.
Tue, 25 Mar 1997, 00:00 WIB
Australia still confident about Indonesia's future
Australia still confident about Indonesia's future JAKARTA (JP): Australia remains confident about the future of Indonesia's economy despite uncertainty over the latter's leadership transition. Australia's Ambassador to Indonesia, John McCarthy, said his government was upbeat that Indonesians would eventually be able to manage their own political evolution. He said Indonesia's current internal political developments had provoked discussion in many countries including Australia.
Tue, 25 Mar 1997, 00:00 WIB
No more leaded gasoline in 1999, says Sudjana
No more leaded gasoline in 1999, says Sudjana JAKARTA (JP): Minister of Mines and Energy I.B. Sudjana said leaded gasoline would be phased out until 1999, when it would be banned to reduce pollution. Therefore the public should start modifying their cars and using natural gas, Sudjana was quoted by Antara as saying Sunday. He was witnessing a vehicle emission test at the National Monument (Monas) park.
Tue, 25 Mar 1997, 00:00 WIB
Commercial papers not fully traded
Commercial papers not fully traded JAKARTA (JP): Indonesia's only rating agency, PT Pemeringkat Efek Indonesian (Pefindo), said about 50 percent of the 66 commercial papers the firm rated last year was not traded because it failed to meet the central bank's minimum grade. The agency's president, Faried Harjanto, said that in 1996 Pefindo received 159 rating orders from 130 companies involving commercial papers and bonds worth about Rp 13.4 trillion. Orders for commercial paper issues made up 46.
Tue, 25 Mar 1997, 00:00 WIB
Only 26 percent of regular buses run daily
Only 26 percent of regular buses run daily JAKARTA (JP): Only 26 percent, or 439, of the 1,679 regular buses operate daily, the head of the City Land Transportation Agency said yesterday. The head of the agency, J.P. Sepang, said yesterday a recent two-week investigation showed that several regular buses had been converted into non-air-conditioned limited passenger buses, while several others were neglected.
Tue, 25 Mar 1997, 00:00 WIB
General Motors eyes Seoul's troubled Ssangyong Motor
General Motors eyes Seoul's troubled Ssangyong Motor SEOUL (AFP): General Motors Corp. of the United States is considering taking an unspecified equity share in South Korea's debt-stricken Ssangyong Motor Co. in exchange for use of its local distribution network, reports said yesterday. "We are in talks with GM (General Motors)," said a Ssangyong spokesman.
Tue, 25 Mar 1997, 00:00 WIB
Lawyers request Bintang's release
Lawyers request Bintang's release JAKARTA (JP): Lawyers representing rebel politician Sri Bintang Pamungkas demanded their client's release yesterday, citing insufficient legal grounds for the Attorney General's Office to continue detaining him. The lawyers said that when they accompanied Bintang during his questioning last week, they thought the interrogating prosecutors had failed to come up with "sufficient initial evidence" to justify Bintang's arrest.
Tue, 25 Mar 1997, 00:00 WIB
Few firms take up forestry incentives
Few firms take up forestry incentives JAKARTA (JP): Only 50 firms in forest-related industries have used the export tax and nontax incentives the government introduced last year, a government official said yesterday. The director-general of agriculture and forest-related Industries Sujata said yesterday he expected more companies to be using the facilities by April.
Tue, 25 Mar 1997, 00:00 WIB
Mah Sing in Indonesia
Mah Sing in Indonesia KUALA LUMPUR (Reuter): Mah Sing Group Bhd said yesterday that its 80 percent owned subsidiary, PT Mah Sing Indonesia, has entered into an agreement with Premium Vector Sdn Bhd to jointly set up a manufacturing company in Indonesia. The joint venture company, PT Multi Plas Indonesia, will make and assemble plastic injection components mainly for the audio industry, Mah Sing said in a statement.
Tue, 25 Mar 1997, 00:00 WIB
PNG faces biggest political crisis since 1975
PNG faces biggest political crisis since 1975 By Michael Perry PORT MORESBY (Reuter): A military solution to the conflict on Papua New Guinea's Bougainville island looked as far away as ever this week as the country faces its biggest political crisis since independence from Australia in 1975.
Tue, 25 Mar 1997, 00:00 WIB
Witness testifies safe wasn't Zarina's
Witness testifies safe wasn't Zarina's JAKARTA (JP): The former boyfriend of Zarina, a would-be TV star on trial in an Ecstasy case, testified yesterday that the safe containing Ecstasy seized from her house by police, was not hers. Zarina was arrested on Aug. 7 by police when they raided her house and confiscated a safe containing 29,677 Ecstasy pills and Rp 100,000 (US$41). She is being tried for possessing, distributing and producing Ecstasy.
Tue, 25 Mar 1997, 00:00 WIB
Hanoi turns up the heat in oil row with China
Hanoi turns up the heat in oil row with China HANOI (Reuter): Vietnam's communist government turned up the heat in a territorial and oil exploration row with its giant northern neighbor yesterday, accusing China of violating international laws and calling for urgent talks. Amid signs of growing official frustration, a foreign ministry spokesman in Hanoi said China's decision to position an oil rig off Vietnam's central coast in early March could not be left to routine border discussion channels.
Tue, 25 Mar 1997, 00:00 WIB
Government told to punish banks breaching labor laws
Government told to punish banks breaching labor laws BOGOR (JP): Trade unions in the commerce, banking and insurance (NIBA) sectors called on the government to take action against a number of banks and insurance companies operating in Jakarta, for using employment agencies to get new recruits.
Tue, 25 Mar 1997, 00:00 WIB
UN envoy ends three-day trip to East Timor
UN envoy ends three-day trip to East Timor JAKARTA (JP): The United Nations special envoy on East Timor, Jamsheed Marker, completed his three-day trip to the province yesterday, leaving with a promise to seek a fair solution to the disputed region's sovereignty. Marker said before his flight back to Jakarta from the province's capital Dili that he would help the conflicting parties settle the dispute without having to lose face.
Tue, 25 Mar 1997, 00:00 WIB
Calls for open VP nomination debate gain momentum
Calls for open VP nomination debate gain momentum JAKARTA (JP): Observers and public figures alike have welcomed the growing calls for an open vice-presidential nomination debate, describing it as part of the public's political education. State Minister of Research and Technology B.J. Habibie and Muladi, a political observer at the Semarang-based Diponegoro University, both said the public should actively participate in the nomination process.
Tue, 25 Mar 1997, 00:00 WIB
RI firm wins Kazakhs' Mangistau Oil tender
RI firm wins Kazakhs' Mangistau Oil tender ALMATY (Reuter): A senior Kazakh official said yesterday that Central Asia Petroleum Ltd, part of Indonesia's Setdco Group, has won a tender for a 60 percent stake in the former Soviet republic's largest oil producer, Mangistaumunaigaz. "Central Asia Petroleum has won the exclusive right to negotiate a contract with us," Maksutbek Rakhanov, first deputy chairman of Kazakhstan's state privatization committee, told Reuters in an interview.
Tue, 25 Mar 1997, 00:00 WIB
SEAG consortium expects to raise Rp 35b from fees
SEAG consortium expects to raise Rp 35b from fees JAKARTA (JP): The 19th SEA Games consortium hopes to raise Rp 35 billion (US$14.6 million) by making the public pay fees on top of their electricity, water, telephone and other bills. "We'll take Rp 35 billion from a Rp 40 billion income. Rp 5 billion will be used for operational costs," Bambang Yoga Sugama, the consortium's vice chairman, said yesterday. The consortium will distribute 17,750,000 stickers to record that Games fees have been paid.
Tue, 25 Mar 1997, 00:00 WIB
Rescuers finally find Busang geologist's body
Rescuers finally find Busang geologist's body JAKARTA (JP): Rescuers have found the body of geologist Michael de Guzman, who it is thought fell to his death from a helicopter while flying to the Busang gold deposit he helped discover in East Kalimantan, an official said Monday. Sugijanto, the head of the airport at Temindung, East Kalimantan, said De Guzman's body was found at about 12:30 p.m. Sunday.
Tue, 25 Mar 1997, 00:00 WIB
Soeharto calls for new family policy
Soeharto calls for new family policy JAKARTA (JP): The country needs to launch three simultaneous campaigns to develop the human resources required to survive global competition, President Soeharto said yesterday. Addressing a meeting of demographers, Soeharto said Indonesia needed campaigns to educate the public of the importance of small families that generate larger incomes more efficiently than is currently the case.
Tue, 25 Mar 1997, 00:00 WIB
Mando-Cakra parts deal
Mando-Cakra parts deal SEOUL (AP): South Korea's leading auto parts maker said yesterday it reached a tentative agreement with Indonesia's PT Bimantara Cakra Nusa to set up an auto parts plant there. Mando Machinery Corp. said the US$60 million venture will churn out breaks, steering systems and air conditioners for 100,000 cars annually. The memorandum of understanding calls for the plant to begin operation in January, 1999. The deal is expected to be finalized within three months, Mando said.
Tue, 25 Mar 1997, 00:00 WIB
Eastern provinces oil palm plantations open to foreigners
Eastern provinces oil palm plantations open to foreigners JAKARTA (JP): The government still allows new foreign investment in oil palm plantations in eastern Indonesia, the minister of agriculture, Sjarifudin Baharsjah, said yesterday. But foreign investors would be required to involve smallholders in their plantation projects under the nucleus and smallholder scheme to ensure locals benefited directly from foreign investment, Baharsjah said.
Tue, 25 Mar 1997, 00:00 WIB
Nuclear energy
Nuclear energy From Bisnis Indonesia According to Prof. Teuku Jacob, nuclear weapon technology is outlandish and terrible. The expert believes that man is on the brink of self-annihilation for continuing to develop the weapons but not being able to use them. (Humanized Technology, Obor Indonesia, 1996). It is absurd that people continue to develop this destructive technology which is capable of annihilating the whole civilization.
Tue, 25 Mar 1997, 00:00 WIB
Bre-X confident on Busang results
Bre-X confident on Busang results JAKARTA (JP): The chief executive of Canadian mining firm Bre- X Minerals Ltd said yesterday he was confident the assay results and resource calculations for the Busang gold deposit were accurate. In a statement from the company's headquarters in Calgary, Alberta, chief executive David Walsh said the company's board of directors had absolute confidence in the accuracy of the report and the integrity of the reserve.
Tue, 25 Mar 1997, 00:00 WIB
Price increase of train tickets
Price increase of train tickets From Pikiran Rakyat On March 12, my family and I bought railway tickets at the Bekasi, West Java railway station for Jatibarang. According to schedule, the transit Solo Balapan train would depart from Bekasi at 8.45 a.m. I gave the ticket seller a Rp 20,000 banknote for three tickets of Rp 4,500 each. But I was surprised when the employee asked me for another Rp 7,000 because the price of the ticket had increased from Rp 4,500 to Rp 9,000.