Indonesian Political, Business & Finance News

Archive: 24 April 1997

57 articles found

Soeharto denounces critics on Kalimantan peat project

Soeharto denounces critics on Kalimantan peat project JAKARTA (JP): President Soeharto denied yesterday that the government's project to convert one million hectares of peat moss land in Central Kalimantan into rice producing areas was a haphazard decision. The project is meant to compensate for the conversion of agricultural areas on Java into housing complexes, industrial estates and highways, Soeharto said.

Calcavecchia and Parry test course at Satelindo Open

Calcavecchia and Parry test course at Satelindo Open JAKARTA (JP): American Mark Calcavecchia and top Australian golfer Craig Parry are raring to go at the US$275,000 Satelindo Indonesia Open Golf Championships which tees off this morning at the par 72 Jagorawi course, halfway between here and Bogor. Calcavecchia, a former British Open champion, will make his Southeast Asian debut in the tournament, the fifth leg of the 25- leg 1997 Omega Tour.

Artists plug into their creativity in Yogyakarta show

Artists plug into their creativity in Yogyakarta show By R. Fadjri YOGYAKARTA (JP): Artists generally shy away from exhibitions centered on a special theme, fearing that these may cramp their individual creativity. Putting paid to this perception is the ongoing Slot in The Box, displaying markedly different interpretations of the title theme by 22 artists.

Court rules against S'pore opposition

Court rules against S'pore opposition SINGAPORE (AP): A court has ruled against an opposition politician in another slander lawsuit filed by a leader of Singapore's ruling party after a bitter election campaign in January. Judge Lai Kew Chai ruled on Tuesday that Tang Liang Hong slandered Prime Minister Goh Chok Tong when he said he was afraid to return from Malaysia, where he fled after losing the Jan. 2 election. Lai said he would determine damages later.

Japanese Ambassador Aoki apologizes for Lima siege

Japanese Ambassador Aoki apologizes for Lima siege LIMA (Reuter): Freed Japanese ambassador Morihisa Aoki said he was ashamed that his elegant December cocktail reception turned into a nightmare when 14 Tupac Amaru rebels took hundreds of his guests hostage. "I am ashamed," Aoki told a news conference only hours after Peruvian security forces rescued him and 70 other hostages from his besieged home.

PT Dharmala Sakti projects Rp 98.4b profit this year

PT Dharmala Sakti projects Rp 98.4b profit this year JAKARTA (JP): Dharmala Group's financial arm PT Dharmala Sakti Sejahtera expects a 20 percent rise in consolidated net profit from Rp 82 billion last year to Rp 98.4 billion (US$41.6 million). "We expect at least the same profit growth this year as last year," the company's president, Tjan Soen Eng, said after the company's shareholders meeting yesterday. Tjan said the company would improve its service to reach the target.

Poverty is chiefly government's problem: Sofyan

Poverty is chiefly government's problem: Sofyan JAKARTA (JP): The government's decision to hold a quarterly cabinet meeting to discuss poverty eradication is a timely recognition that poverty is chiefly the problem of the government and not the business community, businessman Sofyan Wanandi says.

Ciputra enters brokerage

Ciputra enters brokerage JAKARTA (JP): Real estate developer Ciputra Group has entered the brokerage business in cooperation with U.S. broking house Century 21. Ciputra subsidiary PT Sagotra Usaha has been appointed as Century 21's master franchiser in Indonesia. Sagotra's president, Rina Ciputra, said yesterday the company aimed to recruit 30 broker-members. "We estimate the figure to reach 200 within the next five years with each broker supervising 10 sales associates," he said.

Parties gears up for election campaign opener

Parties gears up for election campaign opener JAKARTA (JP): Top figures of the three political parties will begin campaigning in different areas throughout the country Sunday, with Golkar parading its trump cards. Golkar chairman Harmoko is due to deliver a speech in Lebak, a small town in West Java about 100 kilometers west of here.

400-year old Qur'an found

400-year old Qur'an found KUPANG, East Nusa Tenggara: A copy of the Moslem holy book, Al Qur'an, believed to be more than 400 years old, has been found in East Sumba, Antara reported yesterday. Chief of the East Sumba tourism office, Silvester Kahan, said the holy book has become a major tourist attraction because of its genuineness and well-kept condition.

Japan's firms unprofitable

Japan's firms unprofitable TOKYO (AFP): Fewer Japanese-affiliated manufacturers operating in Asia were profitable in 1996 than in the previous year, the Japan External Trade Organization (JETRO) said in a survey yesterday. The proportion of companies which were profitable declined from 68.0 percent to 62.6 percent, while companies reporting a loss rose from 20.3 percent to 25.1 percent, it said.

PSM's IPO oversubscribed

PSM's IPO oversubscribed JAKARTA (JP): Consumer finance group PT Putra Surya Multidana's initial public offering has closed oversubscribed, the company said yesterday. The company said the offer between April 7 and April 10 was oversubscribed 9.7 times. "Of this, the foreign portion was oversubscribed 14.3 times and the local portion 5.2 times," the company said. The shares will list on the Jakarta and Surabaya stock exchanges on April 28.

Evicted people spend the night at Komnas' office

Evicted people spend the night at Komnas' office JAKARTA (JP): About 200 people, including children and babies, from Pancoran Mas, in Depok, vowed yesterday to stay at the National Commission on Human Rights' office on Jl. Latuharhari, in Central Jakarta. Their nowhere else to go "sit in" started when 100 of them went to the rights body to spend the night Tuesday after they were evicted from "their land" on April 17. More people went to the office yesterday.

Most HIV/AIDS cases identified too late: Survey

Most HIV/AIDS cases identified too late: Survey JAKARTA (JP): A 1990 to 1996 survey shows that most cases of Human Immunodeficiency Virus (HIV) and Acquired Immune Deficiency Syndrome (AIDS) here are identified in the later stages, a physician said yesterday. Zubairi Djoerban, chairman of the health non-governmental organization Pelita Ilmu, said this was due to medical personnel's poor knowledge of HIV/AIDS, including how to diagnose and prevent it.

Mahathir upbeat over Myanmar's entry into ASEAN

Mahathir upbeat over Myanmar's entry into ASEAN KUALA LUMPUR (Agencies): Malaysia's prime minister said yesterday that Washington's economic sanctions against Myanmar would not delay the country's entry into the Association of South East Asian Nations (ASEAN). Asked if the sanctions would hold back Myanmar's admission into the regional grouping, Prime Minister Mahathir Mohamad said: "No, no, no." "We're going to work very hard to get Myanmar into ASEAN," Mahathir said.

Golkar enters the cyber-world

Golkar enters the cyber-world JAKARTA (JP): The dominant Golkar entered the cyber-world yesterday in a bid to score another triumph in this year's general election. Golkar chairman Harmoko said at the launch of "Golkar Online" that the program would give the public access to information about the political group. The Internet web is part of Golkar's plan to set up a media center.

Boll holds up mirror to postwar Germany

Boll holds up mirror to postwar Germany By Helly Minarti JAKARTA (JP): A good author can act as an informal ambassador for his or her country, especially if conscience fuels the work in reflecting the truth, sometimes in a very vivid and veracious manner. As a German Nobel prize winner for literature in 1972, Heinrich Boll fits this category well in revealing postwar Germany to the world.

Promotions in City Police HQ

Promotions in City Police HQ JAKARTA (JP): Col. Gories Mere, the detective who supervised the arrest in the U.S. of Ecstasy suspect Zarina, has been appointed chief the City Police detectives. Gories replaces Col. Paimin Aboeamr, who is on study leave at the National Resilience Institute. He was previously chief of the criminal investigation department of the West Java Police headquarters. His appointment was announced yesterday by City Police Chief Maj. Gen.

First pilgrims return to Indonesia safely

First pilgrims return to Indonesia safely JAKARTA (JP): The fatigue of a 10-hour flight from Jeddah was soon forgotten as Indonesian pilgrims stepped off the Garuda airplane at Halim Perdanakusuma airport yesterday morning. Many broke into tears, happy to be home safe and sound, as they boarded a bus bound for the Pondok Gede haj dormitory, where well-wishers had waited for hours. There were more tears as the pilgrims were reunited with their families outside the dormitory.

Polluted atmosphere

Polluted atmosphere I am alarmed by the noxious and harmful atmosphere in Jakarta. How come the Indonesian government and the citizens of Jakarta allow bajajs and public buses to spew out so much gray exhaust? The two biggest causes of air pollution, automobile and industrial fumes, must be legally controlled by the government, even if burdens are imposed on citizens.

Activist gets four years for subversion

Activist gets four years for subversion SURABAYA (JP): A Democratic People's Party (PRD) student activist was sentenced to four years here yesterday for subversion. The 25-year-old M. Soleh, who sat wearing a red headband inscribed with "Democracy or Death" when the verdict was read out, branded his trial mere play acting afterward. "The council of judges should not be taken seriously. I am not guilty and I reject this verdict," he screamed upon hearing the decision.

Bank Bira to set up multifinance firm

Bank Bira to set up multifinance firm JAKARTA (JP): Publicly-listed Bank Bira will set up a multifinance joint venture company with Korea Merchant Banking Corporation (KMBC). Bank Bira's president, Bambang Panutomo, said yesterday the joint venture aimed to strengthen the bank's investment banking position. KMBC would own 65 percent of the joint venture and Bira 35 percent, Bambang said during the bank's annual shareholder meeting.

SE Asian coffee trade quiet as roasters slow

SE Asian coffee trade quiet as roasters slow SINGAPORE (Reuter): The Southeast Asian coffee business was quiet as buying by roasters slowed ahead of the summer period while the supply of robusta beans from Indonesia was said to be steady, regional dealers said yesterday. "All the buying by the roasters in the West has slowed down. Summer is coming up and consumption normally comes off at this time.

Freeport's mill expansion in Indonesia on schedule

Freeport's mill expansion in Indonesia on schedule NEW ORLEANS (Reuter): Freeport-McMoRan Copper & Gold Inc said Tuesday construction is continuing on schedule on the fourth concentrator mill expansion and is about 35 percent complete. The company said completion is expected during mid-1998 at a cost of about US$960 million, including both working capital and $300 million to construct a coal-fired power plant and related facilities.

Jobseekers cheating upsets Siswono

Jobseekers cheating upsets Siswono JAKARTA (JP): Minister of Transmigration and Resettlement of Forest Squatters Siswono Yudohusodo said Tuesday he would punish any of the ministry staff who had cheated 288 job seekers. Siswono promised to investigate the problem, and threatened to take action against any official involved. He said people should not contact brokers to get jobs.

Policeman sued for alleged harassment

Policeman sued for alleged harassment JAKARTA (JP): A female supporter of Megawati Soekarnoputri has claimed that a former chief of the Jakarta Police Detectives sexually harassed her after she was arrested last July. The woman, Sandra Fertasari Putri, filed a suit for damages yesterday in the South Jakarta District Court against Col. Paimin A.B.

Property demand stronger during first quarter

Property demand stronger during first quarter JAKARTA (JP): The Jakarta property market was stronger in this year's first quarter and building start-ups in almost all real estate sectors remained high despite the coming general election, a property analyst said yesterday. PT Procon Indah's senior technical consultant and Jones Lang Wooton Asia's director, Phil Simpson, said the first quarter of 1997 saw new projects start in all property sectors.

Australia may cut tax to compete with Asia

Australia may cut tax to compete with Asia CANBERRA (Reuter): Asian competition for investment will force Australia to cut its tax rates over the coming 15 years, a senior minister said yesterday. Thirty percent of the all income earned in Australia was paid in tax, compared with 22 percent in Malaysia, 18 percent in Thailand and just 11 percent in Indonesia, Industry Minister John Moore said in a speech to an economics think-tank.

TV today

TV today TVRI 2:30 p.m. News: Lintas Nusantara 2:40 Travel: My Country 2:45 Children's Film: Family Matters 3:10 Science Film: Animal Odyssey 3:35 Religious Teachings: Islam 4:00 Regional News 4:30 Flora and Fauna: Pesona Flora 5:00 Arabic Lessons 5:25 Science World 5:30 Children's Story 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 Trailler 7:35 Performances: Cakrawala Budaya 8:00 News: Lintasan...

PPP doubts fair election next month

PPP doubts fair election next month JAKARTA (JP): The United Development Party (PPP) is unsure if the government will keep its promise to act as an impartial "referee" in next month's election, its top official said yesterday. PPP secretary-general Tosari Widjaya said in an interview with The Jakarta Post that there was no indication that this year's election would be better than the last in 1992.

Sawamatsu beats Morariu in Danamon Women's Open

Sawamatsu beats Morariu in Danamon Women's Open JAKARTA (JP): Second-seeded Naoko Sawamatsu of Japan almost made an early exit yesterday before eliminating Corina Morariu of the USA 6-0, 3-6, 6-4 at the US$107,500 Danamon Women's Open at Senayan. Although the first set looked easy, Sawamatsu said: "I don't think I played very special in the beginning. She tried so much to win and she missed a lot." In the second set, Sawamatsu led 3-0 before Morariu crawled back to equalize at 3-3.

AIDA's first ministerial meeting begins today

AIDA's first ministerial meeting begins today By Riyadi AMBON, Maluku (JP): Indonesia and Australia will hold their first ministerial meeting for the Australia-Indonesia Development Area (AIDA) here today. AIDA aims to improve economic relations between Australia and Indonesia's eastern provinces. The meeting will be opened by the coordinating minister for production and distribution, Hartarto, and Australia's foreign minister, Alexander Downer.

Bambang joins the subway project

Bambang joins the subway project JAKARTA (JP): Bambang Trihatmodjo officially joined the Indonesian group of investors in the long-awaited subway project consortium when he signed a deal yesterday. The signing ceremony at Governor Surjadi Soedirdja's City Hall office was closed to the press. The City Hall information office refused to provide pictures of the signing. Bambang, one of President Soeharto's sons, and City Hall officials refused to comment.

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.

Where to go in Bandung:

Where to go in Bandung: Music and Entertainment * Horison Hotel, Jl. Pelajar Pejuang 45 No. 121, Maskumambang 8 Buah Batu: - Spec's Music Lounge and Karaoke, open from 7 p.m. to 2 a.m., P&P Band and Flower Power Band, Wednesday and Saturday, Organist and Singer, everyday. - Malabar Coffee Shop, New Name VG, Tarambo VG, Rotama VG, daily. - Lobby, Jaipongan, Saturday, 6 p.m. to 9 p.m. * Chedi Hotel, Jl. Rancabentang 56 - 58: Job (Pianist), Monday to Wednesday, 5:30 p.m.

30,000 ha for national park

30,000 ha for national park KUPANG, East Nusa Tenggara: West Sumba regent Rudolf Malo has agreed to develop 30,000 hectares of forest into a national park in Langgaliru, Manupeu and Poronumbo subdistricts. The project has been initiated by the agency for natural resources conservation and the Bird Life International Indonesia Program. Malo said the forest boasts more than 100 tree species and 76 bird species, five of which are endemic to Sumba and endangered.

IOC members call for direct trade info on RI

IOC members call for direct trade info on RI JAKARTA (JP): Islamic countries should be able to invest directly in Indonesia and should not have to go through western intermediaries, an official of the Organization of Islamic Conference said yesterday. Chairman of the organization's Economic Consultative Forum H. Sudrajat said that OIC investments in Indonesia are currently channeled through western consultants because of a shortage of skilled staff in OIC countries.

New fun park in Senayan to open its doors in June

New fun park in Senayan to open its doors in June JAKARTA (JP): A new international-standard recreation center will launch itself with a month-long trial offer in June. The center near the Senayan national stadium and state-run TVRI television station, cost US$50 million. PT Ariobimo Laguna Perkasa (ALP) built and renovated the 11- hectare park, formerly known as Taman Ria Remaja, and transformed it into a recreation and entertainment center with a retail complex and a 6-hectare lake.

Phone disruption to continue

Phone disruption to continue JAKARTA (JP): State-owned PT Telkom said yesterday that telephone disruptions in Pangkalan Jati, Pondok Labu and other South Jakarta areas would continue until the end of the month. Telkom said soil erosion had affected its telephone networks. Telkom said there was also cable damage in South Jakarta which might disrupt telephones. These included Jl. Cidodol, the State Secretariat housing complex on Cidodol, Jl. Toapekong, Jl. Kangkung and surrounding areas.

JSX suspends four brokerage firms

JSX suspends four brokerage firms JAKARTA (JP): The Jakarta Stock Exchange (JSX) suspended four stock broking houses yesterday for failing to deliver Bank Pikko shares to their buyers within nine trading days of the transactions. The broking houses were PT Finan Corpindo Nusa, PT Artha Gitasejahtera Sekuritas, PT Bumi Artha Securindo and PT Mentari Securindo. "The four companies failed to deliver Bank Pikko shares to the buyers within nine days after the transactions on April 8," the JSX said.

Asian vegetable oil markets seen booming

Asian vegetable oil markets seen booming KUALA LUMPUR (Reuter): Asian vegetable oil markets are expected to post strong growth well into the next decade as the region's economy booms, experts said yesterday. Asia already contributes 44 percent of the world's edible oils, and palm oil, its largest product, was expected to see a steady growth in market share, the experts told a conference in Kuala Lumpur.

Cahaya Kalbar's profit up

Cahaya Kalbar's profit up JAKARTA (JP): PT Cahaya Kalbar announced yesterday its net profit increased almost fivefold last year to Rp 17.3 billion (US$7.2 million) from Rp 3.5 billion in 1995. The company's consolidated sales last year increased fourfold compared to the previous year from Rp 24.2 billion to Rp 100.1 billion.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on April 23, 1997: Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 1,025 0 0 AHAP Insurance 2,675 0 0 Alter Abadi 1,175 0 140,000 Alumindo Light Metal 1,000 -25 778,000 Alumindo Perkasa 725 75 43,500 Aneka Kimia Raya 1,150 50 587,000 Anwar Sierad 875 75 923,500 Apac Centertex Corp.

RP govt and MILF resume peace talks

RP govt and MILF resume peace talks MANILA (Reuter): Philippine government negotiators and hard-line Islamic guerrillas resumed peace talks yesterday aimed at nailing down an elusive peace on southern Mindanao island, as their forces battled in nearby hills.

Changi airport expands to meet traffic boom

Changi airport expands to meet traffic boom SINGAPORE (AFP): Singapore's Changi airport passenger traffic is expected to double while airfreight volume trebles in the next 12 years, forcing a major expansion program, a senior official said yesterday. Growth in passenger and cargo traffic in Singapore respectively averaged a robust 9.1 percent and 12.3 percent annually over the last 10 years, said John Chen, Minister of State for Communications.

ASEAN rejects trade and labor standards link

ASEAN rejects trade and labor standards link HANOI (Reuter): Labor ministers from ASEAN member countries reaffirmed their stand against linking labor conditions to international trading rules, Vietnamese Labor Minister Tran Dinh Hoan said yesterday. "There should not be any ... link between labor standards and economic and trade issues," Hoan told Reuters after a meeting in Hanoi of labor ministers from the Association of South East Asian Nations (ASEAN).

City set to do its best for coming election: Surjadi

City set to do its best for coming election: Surjadi JAKARTA (JP): Governor Surjadi Soedirdja, in his capacity as chairman of the city's election committee, said yesterday the city would do its best to make the campaign period and the election run smoothly. The city, he said, should always try to make elections better than previous ones. "With our limited facilities we are doing our best," he said, urging contestants and the public to share responsibility "for a conducive climate".

Bogus reporters arrested

Bogus reporters arrested JAKARTA (JP): The police have arrested four men alleged to have masqueraded as journalists to blackmail a government official by threatening to publish details of his extra-marital affair. City Police spokesman Lt. Col. E. Aritonang said Tuesday, the alleged blackmailers said they would publish details of the official's affair, unless he paid for their silence. He said the official gave the men Rp 7.5 million before telling the police.

Jababeka pays dividend

Jababeka pays dividend JAKARTA (JP): Real estate developer PT Kawasan Industri Jababeka's shareholders approved a Rp 100 (43 U.S. cents) dividend yesterday for the 1996 financial year. The company's president, Ismail Sofyan, said net profit rose 36 percent from Rp 137 billion in 1995 to Rp 187 billion last year. Net earnings per share surged to Rp 386. Total revenue increased 57 percent to Rp 548 billion, with assets rising 76 percent to Rp 2.2 trillion.

Argo Pantes and Great River sign export deals

Argo Pantes and Great River sign export deals JAKARTA (JP): Two major textile and garment manufacturers, PT Great River International and PT Argo Pantes, yesterday signed contracts in Kyoto with their Japanese customers to secure a bigger share of that country's market this year. Great River, an integrated garment manufacturer and retailer, signed export contracts worth US$115 million for 1997 to 1999 with four major Japanese firms: Choya Corp, Gunze Ltd, Toyobo Co Ltd and Mitsui & Co Ltd.

Japan intends to resume car talks

Japan intends to resume car talks JAKARTA (JP): Japan's foreign minister, Yukihiko Ikeda, said he intended to resume bilateral negotiations on Indonesia's national car policy in a bid to maintain good relations with Indonesia. Ikeda said in Tokyo he had learned of Indonesia's and President Soeharto's disappointment with Japan's decision to take Indonesia's national car policy to a panel of independent judges under the World Trade Organization (WTO) in Geneva on April 30.

PT Telkom keen to expand business abroad

PT Telkom keen to expand business abroad JAKARTA (JP): State-owned domestic telecommunications company PT Telkom will expand its business overseas in a bid to keep abreast of new high-tech telecommunications services. Telkom's president, Asman Akhir Nasution, said after the company's annual shareholders' meeting yesterday that Telkom had amended its incorporation statute and could now deal with any telecommunications services.

Villagers protest steam power project

Villagers protest steam power project JEPARA, Central Java: Hundreds of people in Tubanan village have protested the damage to their property by the transportation of building materials to Tanjungjati B steam power plant. The villagers rallied in the street and erected roadblocks, stopping access to the project site. The villagers, who staged a similar protest Tuesday, claimed the heavy vehicles seriously damaged roads in their neighborhood and cracked their brick walls.

Seminar on health to be held

Seminar on health to be held JAKARTA: An international seminar on hospital management will be held in November, organized by the German Indonesian Health (GIH) working group set up late last year. The seminar follows a cooperation agreement between Indonesia and Germany reached during the Oct. 1996 visit of German Chancellor Helmut Kohl and Economic Minister Guenther Rexrodt. The working group was set up to facilitate further bilateral cooperation on medical technology and health development.

Police warn violators

Police warn violators JAKARTA: National Police spokesman Brig. Gen. Nurfaizi has issued a fresh warning against those attempting to foil the general election. He said stern action would be taken against those violating the law. Nurfaizi identified several groups in the community which he said had a tendency to stir up trouble, and might plan to wreak havoc in the coming election campaign and the poll.

Meeting on poverty

Meeting on poverty President Soeharto has further improved top-level coordination and supervision of the national drive against poverty through a special cabinet meeting. The first of what will be a quarterly cabinet meeting was held on Tuesday for four-and-a-half hours. The session was chaired by the President, who was accompanied by Vice President Try Sutrisno, seven ministers and the governor of the central bank.

Save Tanjung Puting!

Save Tanjung Puting! Your articles about Tanjung Puting's so-called "national park" (April 14 and 15, 1997) remind me of a time many, many years ago. I was born and raised there. I remember when nature was still intact. Humans, fauna and flora lived in harmony. Monkeys shouted at one another along the river, and swine and cows swam across the river undisturbed. When the school bell rang after class, we jumped into the river without hesitation, swimming and drinking the river water.