Indonesian Political, Business & Finance News

Archive: 22 April 1997

44 articles found

Stability and growth vital to attract foreign funds

Stability and growth vital to attract foreign funds JAKARTA (JP): In Indonesia and other emerging markets, political stability and rapid economic growth would help woo global funds, chief financial market analyst at Lehman Brothers, Stephen D. Slifer said here yesterday. Slifer said that investors in the United States and other developed countries continued to look favorably on Southeast Asia due to a perceived political stability in the region.

Youths ready to safeguard polls

Youths ready to safeguard polls DILI, East Timor: Thousands of local youths yesterday pledged to ensure a smooth general election in May and the general assembly of the People's Consultative Assembly next year. The youths, members of the Indonesian National Youth Committee, said in a ceremony attended by Governor Abilio Jose Osorio Soares and other officials that they are ready to safeguard the election.

'General election will not jeopardize property investment'

'General election will not jeopardize property investment' JAKARTA (JP): The impending general and presidential elections will not endanger long term property investment, an observer said yesterday. "In our assessment, the current sociopolitical situation in Indonesia will not be detrimental to the property market," said managing director of property consultants PT DTZ Debenindo, Victor Chan.

Panel for Timor car

Panel for Timor car Indonesia's negotiating team is in for a tougher battle now that the Japanese government has requested the Dispute Settlement Body (DSB) of the Geneva-based World Trade Organization (WTO) to formally commence a dispute settlement mechanism for the Timor car. That means the body will have to set up a panel of three or five judges to assess the dispute.

Arianespace signs deal to launch Telkom-1 satellite

Arianespace signs deal to launch Telkom-1 satellite JAKARTA (JP): The European space launcher Arianespace, yesterday signed a deal with state owned PT Telekomunikasi Indonesia (Telkom) to launch the Telkom-1 satellite. Arianespace's Chairman and Chief Executive Officer Charles Bigot said the satellite would be launched from the European Spaceport in French Guiana by early 1999. The new satellite, constructed by U.S.

Activists ready to continue their trials without lawyers

Activists ready to continue their trials without lawyers JAKARTA (JP): Student activists facing subversion charges for allegedly undermining the government relinquished their lawyers yesterday and called the trials "a sham". Chairman of the unrecognized Democratic People's Party (PRD) Budiman Sudjatmiko and eight fellow activists said they would continue the trials without legal counsel.

Lawyers say charges absurd

Lawyers say charges absurd BOGOR (JP): The defense lawyers for two men charged with being accessories to robbery and murder on the Jagorawi toll road said here yesterday the indictments were unclear and should be dropped. In the defendants' separate trials, their lawyers Almuzfar, Mansjur Abubakar and Castrio Pandji Indra told the courts their clients, Erling Doly Wijaya and Heri Faisal, had not directly committed the robbery or murdered the driver.

People must feel free to vote in elections: Tutut

People must feel free to vote in elections: Tutut JAKARTA (JP): Golkar leader Siti Hardiyanti Rukmana said yesterday people should feel free to vote for any of the three political parties in next month's general election. "I'm not going to influence you to vote for Golkar. The decision will remain entirely yours," Hardiyanti said.

TV today

TV today TVRI 2:30 p.m. News: Lintas Nusantara 2:40 Travel: My Country 2:45 Children's Film: Berenstain Bears 3:00 News: Lintasan Berita 3:10 Teenagers' Program: Remaja Indonesia 3:35 Development Program: Hamkamnas 4:00 Regional News 4:30 Teenagers' Program: Drama Remaja 5:00 English 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 6:53 Music 7:00 Evening News 7:30 Filler and Trailer 7:35 Talk...

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on April 21, 1997: Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 1,025 0 0 AHAP Insurance 2,675 0 0 Alter Abadi 1,175 0 107,000 Alumindo Light Metal 1,025 0 151,000 Alumindo Perkasa 675 -25 2,500 Aneka Kimia Raya 1,100 -25 139,500 Anwar Sierad 800 0 281,500 Apac Centertex Corp.

Contemporary ceramic display

Contemporary ceramic display JAKARTA (JP): Contemporary ceramics will be on display at the Ministry of Education and Culture's Gedung Seni Rupa in Gambir, Central Jakarta from today until April 28. The display of one hundred works by P. Liem Keng Sien, 43, will be opened by the Directorate General of Culture Edi Sedyawati. Liem told Antara last week that he wanted to be a mediator between businessman and artists.

PPP and PDI urge capital to be model city in election

PPP and PDI urge capital to be model city in election JAKARTA (JP): The chairmen of the city chapters of the United Development Party (PPP) and the Indonesian Democratic Party (PDI) said Jakarta should set a good example in this year's election. Rusdi Hamka of PPP, and Lukman Mokoginta of PDI, yesterday questioned the way Golkar used city programs to get votes. Rusdi said the dominant Golkar group was being "excessive" in its attempt to win votes.

SEA Games team place held open for Yayuk

SEA Games team place held open for Yayuk JAKARTA (JP): Yayuk Basuki can still join the team for the 19th SEA Games here in October, the Indonesian Tennis Association and National Sports Council announced yesterday. The association's chairman, Sarwono Kusumaatmadja, told a press conference that Indonesia's best tennis player would not have a problem fitting in the Games with her ambition to improve her WTA rankings.

TV films downplay role of women

TV films downplay role of women It has been more than a century since Kartini struggled to liberate women. Has it changed the public's basic outlook on the female image? If we were to attentively follow TV stories presented to viewers, we would notice that most themes center on family life. But TV film producers seem to have failed in noticing a phenomenon that has taken place in society. Women have taken center stage as achievers. TV films are still projecting a stereotypical image of women.

Three locals in world's top 50

Three locals in world's top 50 JAKARTA (JP): Three Indonesians are among the world's top 50 bridge players, the February issue of World Bridge News reported. Henky Lasut, Eddy Manoppo and Danny Sacul were ranked 19th, 20th and 33rd respectively. The three earned their world rankings in exceptional performances as runners-up at the 1996 Bridge Olympiad and several wins in the Zone VI and Far East Bridge Federation tournaments. (lnt)

Where to go in Jakarta:

Where to go in Jakarta: Music * Hotel Horison, Jl. Pantai Indah, Taman Impian Jaya Ancol, North Jakarta: - The Anging Mamiri Garden: Fantastic Group from Philippines, Ever Green Hawaian Band/Orkes Keroncong, Hula-hula Dances, every Saturday Night, 7 p.m. to 10:30 p.m. - Nelayan Bar: Sandra Lintang, Yully, Purwanto (electone & singers), Monday to Sunday, 9 p.m. to midnight. - Pondok Samudra: Dolimas Vocal Group, Saturday and Sunday, 7:30 p.m. to 10:30 p.m.

Asian makeup contest to be held

Asian makeup contest to be held JAKARTA (JP): Paris-based Yves Saint Laurent (YSL) cosmetic company is inviting Indonesian professional and amateur makeup artists to compete in the Creative Look Award makeup contest. The contest is part of the company's regional makeup competition which covers Indonesia, Malaysia, Hong Kong, Singapore, Taiwan and other Asian countries. The contest has three sections: day makeup, night makeup and creative makeup.

President urges special forces to renew resolve

President urges special forces to renew resolve BATUJAJAR, West Java (JP): President Soeharto called yesterday for greater alertness and vigilance among members of the Army's Special Forces (Kopassus). In a written statement marking the force's 45th anniversary yesterday, Soeharto said Kopassus must continually follow local and international events to anticipate potentially unfavorable developments which might threaten national unity. In the statement, delivered by Army Chief of Staff Gen. R.

Police shoot dead two more men

Police shoot dead two more men JAKARTA (JP): Two more men were shot dead by police yesterday in West and Central Jakarta for resisting arrest, taking the number of alleged criminals shot dead in the city this year to 34. City Police Spokesman Lt. Col. E. Aritonang said Suheri, alias Udin Buntung, 29, was shot by police in West Jakarta at about 3 a.m. "He was shot in a house on Jl. KH. Mas Mansur, in Tambora, when he tried to stab officers who were trying to arrest him.

ATP airplanes lack spare parts: Minister

ATP airplanes lack spare parts: Minister JAKARTA (JP): The government said the ill-fated Merpati aircraft which crashed and killed 15 Saturday was airworthy despite a lack of spare parts. Minister of Transportation Haryanto Dhanutirto said yesterday the supply of spare parts for Merpati Nusantara Airlines' fleet of British-made Advanced Turbo Prop (ATP) were insubstantial.

New islets in West Nusa Tenggara

New islets in West Nusa Tenggara JAKARTA (JP): The Indonesian archipelago has become richer with the discovery of 42 islets in West Nusa Tenggara in the past eight years, the province's governor said yesterday. Warsito told 13 visiting House of Representatives legislators in charge of legal affairs now on recess that the province's collection of islands had reached 145, including the two major islands of Sumbawa and Lombok. The governor said the islets had emerged naturally.

BI rules may affect listed banks

BI rules may affect listed banks JAKARTA (JP): Several new restrictive policies from Bank Indonesia may adversely affect the performance of listed banks in 1997, according to PT BZW Niaga Securities. Bank Indonesia has announced measures to restrict lending, fine banks which fail to make target loans to small business, and limit borrowing offshore.

Islamic Village replies

Islamic Village replies From Suara Karya In response to Mr. Ilhamy Elias' letter on April 10, I need to give the following clarification: 1. In 1972, the Islamic Village Foundation invited taklim council members in Jakarta to participate in the acquisition of land in Kelapa Dua village, Curug, Tangerang, in a plan to build a pilot project for a settlement area, mainly for Moslems. 2. In 1976, the foundation persuaded all people who had bought a plot of land to start building their houses.

Asian palm oil marts seen in trading range

Asian palm oil marts seen in trading range KUALA LUMPUR (Reuter): Asian palm oil prices are likely to be range-bound with a downward bias this week, as uncertainty in the fundamental outlook and a lack of fresh leads weigh on the market, regional traders said. The market is also waiting for news from the third annual Asia Pacific Vegetable Oil, Oilseeds and Meal Market conference in Kuala Lumpur on April 23 and 24, they said.

Training for car vendors

Training for car vendors JAKARTA (JP): The country's largest automaker, PT Astra International has cooperated with state-owned surveyor Sucofindo to help small and medium-sized auto parts vendors obtain the ISO- 9000 certification. An executive of Sucofindo, Arief Safari said yesterday that receiving an ISO 9000 certification is necessary to enable local auto parts makers penetrate foreign markets.

National car program to continue

National car program to continue JAKARTA (JP): President Soeharto yesterday asserted that the controversial national car program would go ahead, despite a Japanese government decision to bring the policy before a World Trade Organization panel. "Indonesia is obviously disappointed by Japan's attitude which does not accommodate our national interests whereas previously we helped Japan during the energy crisis," State Secretary Moerdiono told newsmen after a meeting with President Soeharto.

Firm set up to build 3-tier transit system

Firm set up to build 3-tier transit system JAKARTA (JP): A joint venture was set up yesterday to build a Rp 6.05 trillion (US$2.49 billion) three-level transit system from Bintaro in South Jakarta to downtown Kota starting in December. The company, PT Citramoda Margakencana Persada, is a joint venture between PT Citra Lamtoro Gung Persada, the state-owned railway company Perumka and the state-owned highway corporation PT Jasa Marga.

Ritonga wants action against greedy officials

Ritonga wants action against greedy officials JAKARTA (JP): The City Council Speaker said yesterday that firm action should be taken against the city's officials who abused their power in the granting of permits to non-residential establishments in Kemang, South Jakarta. M.H. Ritonga made the comment after a signing ceremony at City Hall, on a three-tiered rail and road project.

Blood donors to be screened by Red Cross

Blood donors to be screened by Red Cross JAKARTA (JP): The Indonesian Red Cross' (PMI) Jakarta office said yesterday it was trialing blood donor screening, with counseling before and after donation. The office's spokeswoman Sukantini said the office was trying to detect unhealthy donors early and would ask them politely to get treatment. "It is a positive way to detect unhealthy donors in a strict but polite manner," she said.

RI builds largest media center in Southeast Asia

RI builds largest media center in Southeast Asia JAKARTA (JP): Privately owned PT Yasawirya Tama Cipta (YTC) is building a US$25 million multimedia center, billed as the first integrated and largest multimedia facility in Southeast Asia. Company president, Youk Tanzil, said yesterday that the facility, called Sentra Multimedia, would enable Indonesia to save up to $40 million per year usually spent abroad for commercial advertising production.

Indoway sells local product

Indoway sells local product JAKARTA (JP): Dharmala Indoway, a multilevel marketing arm of Dharmala group plans to market Indonesian products. The Rp 2 billion (US$833,333) direct selling company which operates in Malaysia, Thailand and Indonesia, plans to tap China, India, Vietnam and other Asian countries in the future.

Election not battle of supporters, says Soeharto

Election not battle of supporters, says Soeharto JAKARTA (JP): President Soeharto reminded the nation yesterday the general election is not a battle between supporters of the three political groups. It would be normal for parties participating in the general election, scheduled for May 29, to try to woo as many voters as possible, he said. But he added the event, dubbed as the "fiesta of democracy", was not meant to be an arena where supporters of the political parties fought against each other.

UN resolution will hamper Timor talks

UN resolution will hamper Timor talks JAKARTA (JP): Last week's resolution by the UN Human Rights Commission criticizing Indonesia's human rights record in East Timor will hamper efforts to revive talks with Portugal to resolve the East Timor issue, the government said yesterday. The resolution, "would inevitably impact unfavorably on the current efforts by the UN Secretary General to recommence the tripartite dialog on East Timor," the Ministry of Foreign Affairs said in a statement.

Rp 52b for 1,300 comfort women

Rp 52b for 1,300 comfort women DILI, East Timor: The Japanese government has agreed to provide compensation of Rp 52 billion (US $21.4 million) to the province's 1,300 former "comfort women" after the general election on May 29, a local official said recently. Chief coordinator of the compensation program, Abdul Hakim, told Antara that the women, who were forced into prostitution during the Japanese occupation in World War II, would receive the money in 10 installments.

Death sentence asked for deranged soldier

Death sentence asked for deranged soldier JAKARTA (JP): Military prosecutors demanded yesterday a death sentence for a trigger-happy officer who shot 26 people in a shooting spree at the Timika airport last year. Prosecutor Col. Balukia at the Jayapura Military Court also demanded that the soldier, identified only as Second Lt. San, 37, be sacked and stripped of all his rights as a member of the Armed Forces (ABRI).

Perumnas to build 300 houses

Perumnas to build 300 houses JAKARTA (JP): The Ministry of Transmigration and the state- owned developer Perum Perumnas signed an agreement yesterday to construct 300 houses for the ministry's employees. Perumnas was represented by its marketing director, Budi Prabowo and the ministry by the chairman of its civil servants corps, Husein Dadi Kurnia.

Pulogadung ticket scalpers

Pulogadung ticket scalpers On Friday, April 10, 1997, both of us (TN and SP), went to the Pulogadung Terminal to take a trip to Salatiga. When we arrived at the terminal, two men in white confronted us. We refused to buy tickets from them, but they still didn't leave us alone. One of the men followed SP and kept tugging her arm. Finally, we were led to one of the ticket counters. Our first option was a bus ticket on the PO Tunggal Dara line priced at Rp 8,000 per person.

RI export slowdown expected to continue

RI export slowdown expected to continue JAKARTA (JP): Indonesia's export growth during the next five years could slow down to become the lowest in Southeast Asia, says an analyst. Sudarno, a researcher of the Center for Policy and Implementation Studies (CPIS), said in Jakarta yesterday that this scenario could be avoided if the government changed the current trade policy and made efforts to lift the quality of human resources.

German firms seek partners

German firms seek partners JAKARTA (JP): German medium and small sized companies are looking for local partners in the sales of their photo products, a visiting German executive said here yesterday.

One dead, one loses ears in mobbings

One dead, one loses ears in mobbings JAKARTA (JP): One man was killed and another had his ears cut off, but survived, after being attacked by vendors in markets in South and West Jakarta yesterday. A man identified as Charlie, 23, was beaten to death by vendors in the Mampang Prapatan market, South Jakarta, Monday night. Police said the vendors caught Charlie stealing jackets, T- shirts and two kilograms of freshwater catfish from a vendor, Yanto, who was in the public toilet at the time.

Karatekas to be sent abroad for trials

Karatekas to be sent abroad for trials JAKARTA (JP): The Indonesian Karate Federation plans to send its athletes training for the SEA Games abroad for trial matches. The federation's training director, Tono Soe'oed, said yesterday: "We plan to send the karatekas to trial matches in Australia and Japan in June. Some of them will take part in the world championships in the Philippines in August." Tono said the federation would select the Games team after the trials.

Family planning sets new target

Family planning sets new target BANJARMASIN, South Kalimantan: The National Family Planning Board plans to reach a target of 106,900 new families for the fiscal year 1997 to 1998, a local official said yesterday. Spokesman for the board's provincial office Zuhar was quoted by Antara as saying the target was based on last year's success and increased awareness among fertile couples about family planning.

Soymeal demand up in China and SE Asia

Soymeal demand up in China and SE Asia SINGAPORE (Reuter): Soymeal demand in China and Southeast Asia will grow at an explosive rate in coming years due to increasing consumption of poultry, pork and beef in the region, a senior analyst said yesterday.

Danareksa to acquire NVPD

Danareksa to acquire NVPD JAKARTA (JP): PT Danareksa yesterday announced plans to acquire a 51 percent stake of PT NVPD Soedarpo Corporation, a small pharmaceutical distributor. The company offered to purchase 6,961,050 Soedarpo shares at a price of Rp 2,775 (US$1.15) per share . The new price exceeds a NVPD Soedarpo share price peak recorded within 90 days before the announcement, by Rp 25.