Indonesian Political, Business & Finance News

Archive: 5 March 1997

53 articles found

Indonesia invited to invest in Mongolia

Indonesia invited to invest in Mongolia JAKARTA (JP): Mongolian President Punsalmaagiin Orchirbat has invited Indonesia to participate in the exploration of the central Asian country's oil and gas reserves. The Mongolian president made the invitation during a meeting with President Soeharto. Minister/State Secretary Moerdiono said the Mongolian president also proposed Indonesia participate in exploiting Mongolia's large amount of livestock.

Seaport efficiency

Seaport efficiency Minister of Transportation Haryanto Dhanutirto's plan to stop the ship-side trucking service for imports through the Jakarta seaport of Tanjung Priok has raised a fundamental question about the basic function of physical infrastructure. Dhanutirto reaffirmed Monday he would gradually stop freighter-side trucking services to increase the port's revenue from its warehouses.

Seminar on water supply

Seminar on water supply JAKARTA (JP): Singapore's Centre for Management Technology will organize a conference on private sector participation in water supply in Indonesia from July 2 to July 3. The company said the conference would discuss issues related to government support, financing, negotiating, contracting and risk management. Last year a similar conference was held on policies and regulatory framework for private parties involved in water supply.

TV today

TV today TVRI 2:30 p.m. Travel: My Country 2:35 TV Series: Fun House 3:05 Children's Program: Arena 123 3:30 TV Series: Perfect Strangers 4:00 News: Lintasan Berita 4:05 TV Drama: Diantara Kita 4:30 Documentary Film 4:55 Filler and Trailer 5:00 Evening News 5:25 Travel: My Country 5:30 Indonesian Lessons 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 Economic Bourse: Mitra Kita 8:00 News: Lintasan Berita 8:05 Entertainment:...

Pontianak lawyers prepare to defend riot suspects

Pontianak lawyers prepare to defend riot suspects JAKARTA (JP): Indonesian Bar Association lawyers in West Kalimantan have set up a team to defend dozens of people facing trial for their alleged involvement in recent riots. The association's secretary-general, Akil Mochtar, said yesterday the people -- from the Dayak and Madura ethnic groups -- faced criminal charges ranging from vandalism to murder.

RI to offer Japan a deal to solve car dispute

RI to offer Japan a deal to solve car dispute JAKARTA (JP): Indonesia has tried to make commercial approaches in its bilateral negotiations with the United States and Japan on the national car policy, an official said yesterday. The Director General of International Trade, Anang Fuad Rivai, said although recent discussions with U.S. and Japanese officials had not been finalized Indonesia would try to make "commercial approaches that will benefit both sides".

Budget surplus for 1996/1997 hits $340 million

Budget surplus for 1996/1997 hits $340 million JAKARTA (JP): The Minister of Finance, Mar'ie Muhammad, said yesterday the 1996/97 budget would have a surplus of about Rp 817.9 billion (US$340 million). He told a House plenary session that 1996/97 budget revenue would reach Rp 95.84 trillion and spending would be Rp 95.02 trillion. The budget was originally envisaged to balance at Rp 90.6 trillion.

Pasir Putih's popularity proves a mystery

Pasir Putih's popularity proves a mystery Popularity. We all crave it and if we get it we usually strain every sinew to retain it. With some people and places the key to success is easy to spot; beauty, charm, charisma and quality ooze from every pore. With others it is a different story. Identifying this elusive X-factor at Pasir Putih, on Jl. Bangka XI in South Jakarta, is no easy task.

Two police, civilian held for detainee's escape

Two police, civilian held for detainee's escape JAKARTA (JP): Two police officers and a civilian have been arrested over the escape of an alleged heroin smuggler from the National Police detention center last month. The National Police Chief Lt. Gen. Dibyo Widodo said the two middle-rank officers and a civilian employee at the National Police headquarters were on duty when the alleged smuggler, Limbane Cosmo, a South African passport holder, escaped from his cell on Feb. 2.

PRD activists refuse to testify

PRD activists refuse to testify JAKARTA (JP): Three Democratic People's Party (PRD) activists refused yesterday to testify against their leader Budiman Sujatmiko, who is on trial for subversion. Their decision angered Judge Sjoffinan Sumantri of the Central Jakarta District Court. Calling their behavior irresponsible, he invoked Criminal Code Article 224, which says it's a crime for anyone to refuse to testify when requested to by a court. Victor Da Costa, Ken Buddha Kusumandaru and Ign.

Trio charged with killing Hun Sun's brother-in-law

Trio charged with killing Hun Sun's brother-in-law PHNOM PENH (AFP): Three members of Cambodia's leading opposition party have been arrested and charged with the unsolved murder of Second Prime Minister Hun Sen's brother-in-law, court officials said yesterday. The trio, allegedly members of dissident Sam Rainsy's unrecognized Khmer Nation Party (KNP), were charged Monday with the murder of Khov Samuth according to officials and court documents.

Mobil awards gas deal

Mobil awards gas deal FAIRFAX (Reuter): Mobil Corp said P.T. Tripatra Engineers and Constructors has been awarded a lump sum turnkey contract for a pipeline to develop the North Sumatra Offshore "A" natural gas field. Under the terms of the proposed contract for over US$300 million, Tripatra will be the lead contractor for a consortium that includes Toyo Engineering Corp and McDermott International Inc, Mobil said. It said the overall project cost will exceed $500 million.

ASEAN cocoa club talks about regional contract

ASEAN cocoa club talks about regional contract JAKARTA (JP): Southeast Asian cocoa producers opened a two-day meeting yesterday to discuss the possibility of establishing a common regional trading contract as an alternative to the existing contracts of London, New York and Paris. The proposed contract, which Malaysia initiated to bridge the quality gap among the region's cocoa producers and narrow cocoa products' price disparities, would be used in the seven ASEAN countries.

Ex-driver confesses to Bogor grannies' slaying

Ex-driver confesses to Bogor grannies' slaying JAKARTA (JP): Police have arrested the man who killed two elderly women last week in their house at Cinere, Bogor, 25 kilometers south of here, the chief of Bogor police precinct said yesterday. Lt. Col. Yudi Susharyanto said the man, identified as Hendro Matraputra, 30, was nailed Monday night at Bogor's Baranangsiang terminal. Hendro planned to escape to Palembang, South Sumatra.

Men arrested for killing own brother

Men arrested for killing own brother JAKARTA (JP): Three men were arrested for killing their own brother and burying him in their yard, the chief of Bogor police precinct said yesterday. Lt. Col. Yudi Susharyanto said the three men had admitted to killing Ismail, 35, a hot-tempered man who liked to beat their mother. "The suspects, Yusuf, 40, Mulyadi, 28, and Suwandi, 21, killed Ismail on Feb. 23 because they could not stand to watch him beat their mother every time he got angry," Yudi said.

Patra and LTI to tie up

Patra and LTI to tie up JAKARTA (JP): PT Patra Jasa, owner and manager of Hotel Patra Jasa Bali, will sign a franchising and marketing service agreement with LTI International hotel, a subsidiary of Germany's LTU. The company said the cooperation would be signed during the ITB Berlin 1997 tourism fare. The director of Patra Jasa Legowo said the cooperation would provide a technical assistance agreement for the transfer technology.

Storms destroy 10 houses

Storms destroy 10 houses CILACAP, Central Java: Heavy rain and strong winds destroyed 10 houses in Tambaksari village, Kedungreja district, yesterday afternoon, leaving 12 families homeless. Cilacap Regent Mohammad Soepardi visited the disaster site and promised to provide financial assistance to the 15 residents who were injured. The regent also took food for the families who lost their homes. The gale also toppled dozens of trees.

Unequal justice

Unequal justice From Neraca Sometime ago Metro Jaya Police detained scalpers of vehicle licenses, like car licenses on Jl. Daan Mogot, West Java. Later we learnt that the scalpers had been released after promising not to make the same error. The media has recently been dominated by stories of car license scalpers being arrested. The odd thing is that the number of scalpers have not decreased, and they can still be found milling around the license office.

Making kites in schools

Making kites in schools BANDAR LAMPUNG, Lampung: Indonesian students will learn to make kites in school next year, Antara reported yesterday. Indonesian Association of Kites Chairman Anshori Djausal said the extracurricular subject would be introduced in the 1997/1998 school year at local primary, junior and senior high schools . "This is good because a kite is complete lesson in science and technology," Anshori said.

The country's riches

The country's riches From Merdeka According to a decree issued by the Minister of Mines IB Sudjana, Indonesian conglomerates Bob Hasan and Aburizal Bakrie are the legal shareholders and contractors of the gold mines in South Kalimantan. The 1945 Constitution stipulates that land, water and air belong to the state and should be managed for the benefit of the people. The mine would produce 23,000,000 pounds or 11,500,000 kilograms of pure gold.

Inti, Alcatel set up JVC

Inti, Alcatel set up JVC JAKARTA (JP): State-owned telecommunications equipment producer PT Inti and the telecommunications division of Alcatel Cables of French Alcatel have signed an agreement to form a joint venture fiber optics company. Alcatel said yesterday the new company, which will be in Jakarta and start production early next year, was 70 percent owned by Alcatel and 30 percent by Inti. The new company's annual capacity was 150,000 kilometers, the company said.

Where to go in Jakarta:

Where to go in Jakarta: Music * 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. 7 Bar; Duet pianist and singer, Sunday - Thursday, Quartet Jazz, Friday, Ikapari Country Band, Saturday. * Le-Meridien, Jl. Jend. Sudirman Kav.

New police HQ project start uncertain

New police HQ project start uncertain JAKARTA (JP): City Police Headquarters' activities will move to the former office of traffic affairs when a developer starts rebuilding on the grounds, National Police Chief Lt. Gen. Dibyo Widodo said. The rebuilding plans of private developer PT Mandala Pratama Permai, are still being processed at the Ministry of Finance, the Police Chief said yesterday. "The plans are definite, we only need a permit from the Ministry of Finance," Dibyo said.

Toward better elections

Toward better elections The United Development Party (PPP) hopes the upcoming general elections will be of higher quality than those held previously. This aspiration was detected from the political statement issued by the party at the closing of its leadership conference a few days ago. The PPP's critical statement actually comes as no surprise.

Southern Pacific plans more hotels in RI

Southern Pacific plans more hotels in RI JAKARTA (JP): PT Southern Pacific Indonesia (SPI), a subsidiary of Australia's Southern Pacific Hotel Corporation Group, will run a three-star Centra hotel owned by PT Graha Chandra Buana, in Semarang, Central Java, this year. Under a management agreement signed yesterday by SPI president Nigel L. I. Harper and Graha Chandra president Ali Sukarahardja, SPI will manage the hotel for 10 years.

GSM services to expand

GSM services to expand JAKARTA (JP): PT Excelcomindo Pratama, one of the three operators of the global system for mobile communication (GSM) in Indonesia, will expand its overseas roaming services. Company president Julius S. Djohan said yesterday the new facilities would allow Excelcomindo (GSM-XL) users roam in more than 30 countries later this year. "We will sign agreements with GSM operators mostly in Europe," he said.

Bumpy road towards democracy

Bumpy road towards democracy By Mochtar Buchori JAKARTA (JP): Talk about restoring democracy is again pervading our society. Researchers at the Indonesian Institute of Sciences, for instance, have argued that the Indonesian Armed Forces (ABRI) should minimize its political role to allow democracy to flourish and political reform. They recommended the military gradually reduce its political role from control to participation and eventually to a back seat role.

Asahimas profits drop

Asahimas profits drop JAKARTA (JP): Publicly listed glassmaker PT Asahimas Flat Glass Co. Ltd reported a decline in net profits of about 35 percent to Rp 44.1 billion (US$18.52 million) in 1996 from Rp 73.71 billion in 1995. The company announced that its net sales dropped by 14 percent to Rp 347.3 billion in 1996 from Rp 403.6 billion in 1995.

The specialty of FM3 restaurant

The specialty of FM3 restaurant By K. Basrie JAKARTA (JP): It was a surprising experience to dine at the FM3 Restaurant near the entrance gate to the Tangerang toll road. It was late Saturday evening and my companion and I were looking for a restaurant in Kebon Jeruk, West Jakarta. It was 11 p.m., but no place was open. We then got on the highway to Tangerang and arrived about 15 minutes later at the parking lot of the FM3 Live Music Karaoke, KTV Klub Salon & Restaurant.

Labor bill allows abuse of workers' rights: Activists

Labor bill allows abuse of workers' rights: Activists JAKARTA (JP): The National Commission on Human Rights and labor activists have joined forces to pressure legislators into overhauling a new bill that aims to give the government sweeping control of labor affairs. The commission and representatives of 11 non-governmental organizations (NGOs) said yesterday there could be violations of workers' basic rights if the bill became law.

Exporters lack knowledge of foreign trade regulations

Exporters lack knowledge of foreign trade regulations JAKARTA (JP): Much of Indonesia's business community lacks knowledge of trade regulations in the countries where they do business, an official said yesterday. The Director General of International Trade, Anang Fuad Rivai, said businesspeople should fully understand foreign trade regulations so they can reap maximum benefit from trading with those countries.

Two tons of explosives seized

Two tons of explosives seized JAKARTA (JP): Police confiscated more than two tons of illegal explosives in a month-long operation in Parung Panjang Bogor, and arrested two stone quarriers and a chemical distributor. The National Police Detectives Chief Brig. Gen. Rusdihardjo said yesterday police have arrested Al, 30, As, 31, and Hu, 39, for illegal possession of the explosives. "We will take the suspects to court as soon as we finish our investigation," Rusdihardjo said.

More incentives needed to promote oil industry

More incentives needed to promote oil industry JAKARTA (JP): The government should increase incentives for oil explorers in eastern Indonesia, former minister of mines and energy Subroto said yesterday. "The current incentives are apparently not enough to encourage oil investors to explore for oil in frontier areas," he said.

Commemorating Linggardjati

Commemorating Linggardjati For a student of the history of Indonesian diplomacy in the 1945-1950 period, March will be remembered as a milestone for the first act of international law performed by the Indonesian Republic since its proclamation of independence. Fifty years ago, on March 25, 1947, the Netherlands and Indonesia formed the Linggadjati Agreement, which gave the Dutch extended de facto recognition to Java, Madura and Sumatra.

Law course for priests, youths

Law course for priests, youths DILI, East Timor: The head of Provincial Prosecutors Office, J.F. Martanto, said his office would hold a law course for local priests and youths, two elements of society who can bridge gap between the community and the government. "The voice of priests and youths must be heard," Martanto said. "They can help raise people's awareness of the law." He did not give details as to when the course would begin or how many people would be involved.

Police shoot thief

Police shoot thief JAKARTA (JP): A plainclothes police officer shot a man for robbing a bank customer yesterday on Jl. Bendungan Hilir, Central Jakarta. Eyewitnesses said the man, later identified as Krisnadi, allegedly robbed a bank client of Rp 2 million in front of the Rajawali bank. Police said Krisnadi, with two accomplices, "attacked" Prasetyo, who had just withdrawn his monthly salary from the bank.

Palm oil industry closes to foreigners

Palm oil industry closes to foreigners JAKARTA (JP): The Minister of Agriculture, Sjarifudin Baharsjah, said yesterday the government had frozen the palm oil industry for foreign investors because of oversupply in world markets.

Seasonal greeting plunges Bintang into fresh trouble

Seasonal greeting plunges Bintang into fresh trouble JAKARTA (JP): Dissident politician Sri Bintang Pamungkas, facing a 34-month prison sentence for insulting President Soeharto, is heading for further trouble on account of his Idul Fitri greeting cards which contained antigovernment messages. Several senior House of Representatives legislators, who received the cards last month, described the messages as unconstitutional and urged the authorities to take action.

Wismoyo criticized over training

Wismoyo criticized over training JAKARTA (JP): National Sports Council Chairman Wismoyo Arismunandar faced criticisms from women basketballers yesterday about arrangements for female athletes in training for the 19th SEA Games here in October. Dwi Noviriana said the female athletes, whose night training is from 6 p.m. to 8 p.m., are always late for dinner and go without food as a result.

PPP accepts its second fiddle role

PPP accepts its second fiddle role By Dwi Atmanta JAKARTA (JP): As the general election draws near, the United Development Party (PPP) has resigned itself to doing no more than playing second fiddle to Golkar, despite its claim of voicing the aspirations of the country's Moslems. Indonesia, the world's largest Moslem country, has held six general elections since its independence in 1945, but none have been won by a Moslem party. Moslems remember fondly the heyday of Nahdlatul Ulama (NU).

Jakarta sports new style stack parking

Jakarta sports new style stack parking JAKARTA (JP): Some of Jakarta's buildings have got a new style parking system in efforts to provide better service to tenants. Two companies are using a stacked parking system while three others are having it constructed. The Bank Negara Indonesia (BNI 46) headquarters on Jl. Sudirman, has built two stacked parking systems since last year. The automatic stacking garages are in the large compound beside the building.

Farmers up in arms over temple visitors' ungodly acts

Farmers up in arms over temple visitors' ungodly acts By K. Basrie KARAWANG, West Java (JP): Thousands of curious people visiting a group of ancient temples in the Segaran and Telaga Jaya villages have angered local farmers by destroying kilometers of embankments in nearby rice fields. Burdened by the weight of at least 2,000 visitors per day, the embankments -- formerly more than 50 centimeters above the fields' surface -- have sunk by up to a meter.

No halt in sight in Seribu Islands sand quarrying

No halt in sight in Seribu Islands sand quarrying JAKARTA (JP): State Minister of Environment Sarwono Kusumaatmadja said uncontrolled sand quarrying in the Seribu Islands would most likely continue as long as there was no alternative building material. Sarwono was referring yesterday to the dilemma of expanding the city to provide land for housing millions of families, and preserving the environment.

The issue of cloning

The issue of cloning I was extremely surprised to see The Jakarta Post joining in the chorus against scientists in the wake of recent revelations about cloning. To label "western" scientists as uncaring about morality, much less religion, is both nonsense and bordering on the hysterical. The very same "Western" scientists have produced the technology which is responsible for every single item of clothing you are now wearing.

RP oil firms sign pact

RP oil firms sign pact MANILA (Reuter): Shell Philippines Exploration and Occidental Philippines have signed a pact with a subsidiary of the state-run Philippine National Oil Co to begin negotiations for a possible venture in a gas pipeline project. In a joint statement yesterday, Shell and Occidental who are developers of the Camago-Malampaya gas field, the biggest gas field in the country, said the memorandum of understanding was signed with the PNOC-Exploration Corp (PNOC-EC) on Feb. 27.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on March 4, 1997: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 1,175 0 0 AHAP Insurance 2,675 0 0 Alter Abadi 1,150 -25 384,500 Alumindo Light Metal 1,275 25 594,500 Alumindo Perkasa 800 25 5,000 Andayani Megah 1,025 -25 215,500 Aneka Kimia Raya 1,275 0 279,000 Anwar Sierad 1,975 125 2,525,000 Aqua Golden Mississippi 5,550 50 6,000 Argha Karya Prima Industry 3,225...

Govt defends campaign rules

Govt defends campaign rules JAKARTA (JP): The government is refusing to revise the election campaign rules despite complaints from the United Development Party (PPP). "It is not possible to revise the rules as they are a compilation of the aspirations of all elements in society, including the PPP itself," Director General of Social and Political Affairs Sutoyo N.K. said yesterday.

ABRI has new spokesman

ABRI has new spokesman JAKARTA: Former Army intelligence officer Brig. Gen. Slamet Supriyadi was installed as chief of Armed Forces' Information Center yesterday, replacing Maj. Gen. Amir Syarifuddin who has been promoted to a supervisory position. "This is a new career challenge for me," Supriyadi said after a transfer-of-duty ceremony at the Armed Forces (ABRI) headquarters. He expressed his hopes for improved cooperation from all quarters, including journalists.

Cocoa output projected to rise to 400,000 tons

Cocoa output projected to rise to 400,000 tons JAKARTA (JP): Indonesian cocoa production is projected to increase to about 400,000 tons a year by 2000 from about 310,000 tons this year, according to the Indonesian Cocoa Association. The association's executive director, P.S. Siswoputranto, said yesterday the positive outlook was based on a continued increase in Indonesian cocoa plantation acreage.

Moerdiono joins 'clobber' debate

Moerdiono joins 'clobber' debate JAKARTA (JP): President Soeharto's threat to "clobber" anyone attempting to unconstitutionally unseat him should serve as a warning to potential lawbreakers, Minister/State Secretary Moerdiono said yesterday. "Pressing for political aspirations through undemocratic and unconstitutional means is against our legal and constitutional system. The President's remarks were a warning against those wanting to try to bring him down illegally," Moerdiono said.

No need to rush

No need to rush Despite strong opposition from environmentalists, the Indonesian parliament last week passed a bill which paves the way for the country's first nuclear power plant to be built by the turn of the century. President Soeharto has made no firm decision yet to proceed with the project, but its strongest supporters are putting the nuts and bolt in place quickly.

Mar'ie suggests liquidation of ailing banks

Mar'ie suggests liquidation of ailing banks JAKARTA (JP): Minister of Finance Mar'ie Muhammad said yesterday the government would not hesitate to liquidate ailing banks to strengthen the banking industry in the face of financial liberalization in the region. Speaking to journalists at the House of Representatives, Mar'ie said the government had the legal right to liquidate ailing banks, as stipulated in the government regulation on bank liquidation.

RI foreign exchange income rises 4.3%

RI foreign exchange income rises 4.3% JAKARTA (JP): Indonesia's foreign exchange earnings from foreign tourists rose by 4.3 percent in January to US$370.2 million from $354.9 million in the same month of the previous year. According to the Ministry of Tourism, Post and Telecommunications, foreign tourists entering Indonesia through seven major entry points rose 4.3 percent in January to 302,490 from 290,009 in the same month last year.