Indonesian Political, Business & Finance News

Archive: 25 April 1997

55 articles found

General election must be successful: Soesilo

General election must be successful: Soesilo JAKARTA (JP): The government has challenged the public to help make the May 29 general election a success. "It'd be awful for such a religious, civilized nation like Indonesia if its people are unable to make the five-yearly general election secure, smooth and successful," said Coordinating Minister for Political Affairs and Security Soesilo Soedarman.

Parry and Purdy share lead at open

Parry and Purdy share lead at open JAKARTA (JP): Tournament favorite Craig Parry of Australia and American pro rookie Theodore Purdy shared an opening-round lead in the Satelindo Indonesia Open yesterday with 5-under par 67. Parry, who said he would play carefully and defensively after he lost six balls in a pro-am tournament on the course at the Jagorawi Golf and Country Club on Wednesday, proved his word by firing six brilliant birdies against a bogey yesterday.

Recalcitrant officers disgrace to the nation

Recalcitrant officers disgrace to the nation JAKARTA (JP): National Military Police Chief Brig. Gen. Syamsu said yesterday that intelligence officers and armed servicemen still violated Armed Forces rules. "The number of armed servicemen involved in traffic violations and desertion increased during 1996/1997 over 1995/1996," Syamsu said yesterday at city military police headquarters. "Every violation is humiliating," Syamsu said.

RI wants to import more corn, soymeal

RI wants to import more corn, soymeal SINGAPORE (Reuter): Indonesian buyers are seeking between 20,000-50,000 tons of corn and over 50,000 tons of soymeal after recently buying a Panamax-sized cargo of Argentine corn for July shipment, dealers said yesterday. "I heard the Indonesians are looking for Argentine or U.S. corn for June/July shipment," one trader for a U.S. firm said, adding the quantity could reach 50,000 tons. Another dealer said Indonesian buyers were "checking prices on and off.

Sugar's producer price rises by 5.5 percent

Sugar's producer price rises by 5.5 percent JAKARTA (JP): The government has raised the producer selling price of sugar 5.5 percent to Rp 96,080 a quintal or Rp 960 a kilogram to support sugar-cane growersbut assured the consumers that the retail price would remain stable at the current level. The minister of finance, Mar'ie Muhammad signed the decree on the price raise yesterday and it was effective immediately.

Riddles around Merpati Airlines

Riddles around Merpati Airlines The weather was reportedly clear when the Merpati Airlines MZ- 106 aircraft crashed on Belitung Island. It is a pity that the circumstances that might explain why the tragedy occurred are not very clear. Ever since its inception, Merpati has had to bear a heavy burden. There was a time when the airline was given the task of operating pioneer flights to isolated areas, which clearly had to be subsidized.

Bank Lippo interested in RP Monte de Piedad bank

Bank Lippo interested in RP Monte de Piedad bank MANILA (Reuter): Four groups including Indonesia's Bank Lippo, are interested in buying into the financially-troubled Monte de Piedad Savings and Mortgage Bank of the Philippines, Central Bank officials said yesterday. Central Bank governor Gabriel Singson said he had met with representatives of Indonesia's Bank Lippo which has expressed interest in buying the bank.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on April 24, 1997: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 1,025 0 0 AHAP Insurance 2,675 0 0 Alter Abadi 1,175 0 0 Alumindo Light Metal 1,025 25 719,500 Alumindo Perkasa 725 0 4,500 Aneka Kimia Raya 1,125 -25 135,500 Anwar Sierad 875 0 672,000 Apac Centertex Corp.

S'pore tanker fire kills crew member

S'pore tanker fire kills crew member SINGAPORE (Reuter): One crew member died and another is missing after a fire on an oil tanker in Singapore harbor, police said yesterday. The fire on board the 26,909-dwt Ocean Trader broke out early Wednesday evening while the Singapore-registered vessel was berthed at an oil terminal operated by U.S. oil company Mobil Corp. It was brought under control about 90 minutes later.

Transmigrants help speed up development

Transmigrants help speed up development JAKARTA (JP): President Soeharto said yesterday that sparsely populated provinces in Indonesia need more settlers from Java to speed up development. The transmigration program aims to improve the living conditions of poor people in Java and accelerate economic growth of outer provinces, he said.

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.

BDNI's net profit up

BDNI's net profit up JAKARTA (JP): Publicly-listed Bank Dagang Nasional Indonesia (BDNI) posted a Rp 69.1 billion (US$29.4 million) net profit for this year's first quarter, up 76.3 percent on the same period last year. The company said yesterday its operating income rose 67.4 percent to Rp 193.5 billion because of significant growth in net interest income and fee income. Net interest income was Rp 136.2 billion, accounting for 70.4 percent of total operating income.

RI trains 86 countries

RI trains 86 countries MATARAM, West Nusa Tenggara: Indonesia's family planning program is being used as a model by 86 countries, according to a senior official of the National Family Planning Board. The deputy of the board's Planning and Analysis division, Sardin Pabbadja, said yesterday that 96 percent of African countries have followed the Communication, Information and Education (KIE) program and it had been very successful in Mexico, Tunisia and Thailand.

Angry mob attacks election official's home in Pekalongan

Angry mob attacks election official's home in Pekalongan PEKALONGAN, Central Java (JP): An angry mob of about 200 people ransacked the home of a government official for failing to register them for next month's election, officials said yesterday. The incident happened at about 7 p.m. when the mob raided the home of Abdul Halim Hadi, head of the local voters registration committee. Pekalongan district military chief Lt. Col.

Probe on officials issuing illegal permits starts

Probe on officials issuing illegal permits starts JAKARTA (JP): Deputy Governor for Administrative Affairs Idroes said yesterday the governor had issued an instruction to investigate officials responsible for issuing illegal permits in Kemang, South Jakarta. "The governor's instruction not only applies to Kemang but throughout the city," Idroes said Wednesday. He said several offices were authorized to issue permits.

Australia and RI promise more incentives for AIDA

Australia and RI promise more incentives for AIDA By Riyadi AMBON, Maluku (JP): Indonesia and Australia launched the Australia-Indonesia Development Area (AIDA) here yesterday. AIDA is a sub-regional economic zone linking northern Australia with eastern Indonesia. Indonesia's coordinating minister for production and distribution, Hartarto, and Australia's minister of foreign affairs, Alexander Downer, launched the zone.

Six arrested for cheating job seekers

Six arrested for cheating job seekers JAKARTA (JP): Three people arrested by the South Jakarta police for cheating job seekers were sent yesterday to the East Java police because they allegedly committed their crimes in East Java. The chief of the South Jakarta Police Detectives Capt. Ricko A. Dahniel said yesterday that the three, identified as Ros, Lik and Sup, were taken to East Java by police car.

Where to go in Bali:

Where to go in Bali: Music and Entertainment * The Ritz Carlton Bali, Jl. Karang Mas Sejahtera, Jimbaran: Sami Sami Restaurant - Batak Folk Songs, 7 p.m. to 10 p.m., Padi Restaurant - Keroncong, nightly, 6 p.m. to 10 p.m., Kecak Dance, Wednesday evening, Legong Kraton Dance with gamelan orchestra, Saturday evening. Kisik Bar - Jegog, 5 p.m. to 10.30 p.m. * Grand Hyatt Bali, Nusa Dua: Poolside - Pasar Senggol, daily, 6.30 p.m.

Routine exercises before election

Routine exercises before election All office personnel in the Tomang area were startled when a helicopter circled above office buildings on April 15, 1997, and all transportation was stopped by security officers from the Ukrida crossroad to Citraland for about an hour. Then, The Jakarta Post on April 16, 1997, informed its readers that a demonstration took place in front of the House of Representatives building on April 15. What drew my attention were Mr.

RI's palm oil output up

RI's palm oil output up SINGAPORE (Reuter): Indonesia's crude palm oil output in calendar 1997 is seen rising 14.3 percent to 5.6 million tons from 4.9 million tons in 1996, the vice-chairman of the Indonesian Palm Oil Producers Association (GAPKI) said yesterday. Derom Bangun said, however, that palm oil exports will only rise slightly to one million tons this year from 980,000 tons in 1996.

Garuda Indonesia revamps services

Garuda Indonesia revamps services JAKARTA (JP): National flag carrier Garuda Indonesia has increased overseas and domestic flight routes and changed several jets serving international routes. Garuda said yesterday it had increased flights to London from two to three times a week, flights to Seoul from four to five times a week and to Hong Kong from 15 to 17 times a week.

Steel from China subject to antidumping duties

Steel from China subject to antidumping duties JAKARTA (JP): Indonesia's Anti-Dumping Committee has decided to impose temporary countervailing duties, ranging between 22 percent and 42 percent on imports of hot rolled coil or plates from China, India, Russia and Ukraine. A statement issued by the Ministry of Industry and Trade said the decision was based on a proposal from the Minister of Industry and Trade, Tunky Ariwibowo, who is also chairperson of the Indonesian Anti-Dumping Committee.

ITT Sheraton chain opens new five-star hotel in Yogyakarta

ITT Sheraton chain opens new five-star hotel in Yogyakarta JAKARTA (JP): International hotel chain ITT Sheraton Corporation has opened its 11th hotel in Indonesia, the Sheraton Mustika Yogyakarta, in Central Java. The five-star hotel, about 10 kilometers from downtown Yogyakarta, is owned by PT Mustika Princess Hotel, a subsidiary of the Mustika Ratu Group, which is owned by Mooryati Soedibyo whose main interests are in traditional cosmetics.

Reward offered to locate rebel

Reward offered to locate rebel JAYAPURA, Irian Jaya: The military has offered a reward to anyone who can provide information about a notorious rebel leader in the easternmost Irian Jaya province, a report said yesterday. Maj. Gen. Johny Lumintang, responsible for security in the province, said Wednesday the military will provide "an attractive reward" for information on the whereabouts of Kelly Kwalik, one of the leaders of the Free Papua Organization (OPM).

Indonesia to raise geothermal power

Indonesia to raise geothermal power JAKARTA (JP): Indonesia will increase its geothermal power generation capacity to above 2,800 Megawatt (MW) by 2004 from the current capacity of 307.5 MW, an official said yesterday. A senior official from state electricity company PLN, Aswani Sjechumar, said the government planned to increase geothermal power generation capacity by 2,500 MW by the end of the seventh Five-Year Development Plan in 2003/2004.

Yamaha unit in E. Java

Yamaha unit in E. Java TOKYO (Reuter): Japanese musical instrument maker Yamaha Corp said yesterday it has set up a wholly owned unit in East Java, Indonesia, to produce and sell components of woodwind instruments. The new company, PT Yamaha Musical Products Indonesia, is capitalized at US$9.50 million. It plans to start producing components with a production value of $6 million in the year beginning April 1998. The production value is expected to rise to $20 million in 2001/02.

Mastermind of fatal Bogor robbery freed

Mastermind of fatal Bogor robbery freed BOGOR (JP): The prosecutors' office has freed the alleged mastermind of the Jagorawi fatal robbery because charges against him were too weak, the head of the prosecutors' office said. Amir Hasan Kataren, head of the Cibinong prosecutors' office, said yesterday Iedfil Jaya Anwar was freed because there was no evidence to indict him. "It was Erling Doly Wijaya alias Mikel who told police interrogators that Iedfil was the mastermind.

C. Java governor told to stop $4.1m project

C. Java governor told to stop $4.1m project SEMARANG (JP): Minister of Home Affairs Moch. Yogie S.M. has ordered Central Java Governor Soewardi to shelve his highly controversial Rp 10 billion (US$4.1 million) building plan. Soewardi said yesterday the minister wanted him to stop the project and the ministry would send in a special team to determine if it was viable. "I have received the minister's letter (concerning the order)," the governor said.

Polysindo posts 47% revenue rise

Polysindo posts 47% revenue rise JAKARTA (JP): The publicly-listed PT Polysindo Eka Perkasa, whose purified terephthalic acid (PTA) and polymer manufacturing plants will be inaugurated by President Soeharto today, reported yesterday a 47 percent increase in operating revenue to Rp 1,422.7 billion (US$607 million) in 1996. Polysindo, the country's largest polyester producer, said the PTA and polymer facilities in Krawang, West Java were the centerpiece of a $645 million expansion program.

Fraud defendant asks to be freed

Fraud defendant asks to be freed JAKARTA (JP): An ex-employee of Bank Indonesia on trial for his part in a Rp 7 Million ($2.9 million) bank fraud, asked the judge Wednesday to free him because he wasn't in the wrong. Nasran Amar is one of three former central bank employees facing the Central Jakarta District Court on fraud charges. They were fired by the bank after the scandal broke.

Liza fails to stop Wang at Danamon Women's Open

Liza fails to stop Wang at Danamon Women's Open JAKARTA (JP): Although Indonesia's Liza Andriyani failed to beat top seed Wang Shi Ting of Chinese Taipei at the US$107,500 Danamon Women's Open yesterday, she received a standing ovation from almost 200 spectators for trying. The 17-year-old Liza began badly, winning only one game in the first set. "I am a late starting player. In the first set, her balls were so deep that she could dictate to me. I didn't have a chance to attack back," Liza said.

U.S. broadcasting firm plans to expand into Indonesia

U.S. broadcasting firm plans to expand into Indonesia JAKARTA (JP): Besides the overseas satellite-based telephone system and other telecommunications services, WorldSpace, a U.S. satellite-based radio broadcasting firm based also plans to expand into Indonesia. WorldSpace's vice president for Asian affairs, Mike Yuh-Hung, said yesterday his company would launch three satellites to offer direct digital delivery radio service.

Harvard's award for Goenawan

Harvard's award for Goenawan CAMBRIDGE, Massachusetts (DPA): Harvard University announced Wednesday its 1997 prize for Conscience and Integrity in Journalism will go to an Indonesian magazine editor who has been banned from publishing by the government. The award by the university's Nieman Foundation cites Goenawan Mohamad for his commitment to freedom of expression in Indonesia during the past 20 years.

Pos, Mitra sign contracts with PSN

Pos, Mitra sign contracts with PSN JAKARTA (JP): PT Pasifik Satelit Nusantara (PSN), Indonesia's first private satellite based telecommunications company, has awarded two contracts to use its Xpress Connection TM network. The company's president, Adi R. Adiwoso, said yesterday one contract went to PT Mitra Global Telekomunkasi Indonesia to lease initially 60 Xpress Connection TM terminals.

Inco's profit down

Inco's profit down JAKARTA (JP): PT International Nickel Indonesia's unaudited net profit for this year's first quarter fell from US$7.2 million (Rp 17.04 billion) last year to $7.1 million. The company, which operates in Soroako, South Sulawesi, said yesterday the decline was because of smaller deliveries and lower nickel prices. The company's realized price for nickel in matte averaged $2.59 a pound, down $2.83. Nickel in matte production fell from 25.1 million pounds to 17.7 million pounds.

Pulogebang bus terminal project to start in July

Pulogebang bus terminal project to start in July JAKARTA (JP): The construction of a bus terminal in East Jakarta which has been delayed since 1990, will start in July, the project's developer said yesterday. Hajid, the president of PT Rodial Eron, that will develop the local and inter-city terminal in Pulogebang, said it would begin operating in 1999. He had presented a revised terminal design to Governor Surjadi Soedirdja. The head of the City's Land Transport Agency, J.P.

Kuwait, RI ink tax accord

Kuwait, RI ink tax accord KUWAIT CITY (DPA): Kuwaiti acting prime minister and foreign minister Sheikh Sabah al-Ahmad signed Wednesday a memo of understanding and a dual taxation agreement with Indonesian Foreign Minister Ali Abdullah Alatas. A statement by the foreign ministry said Sheikh Sabah and Alatas discussed ways to promote bilateral relations in all fields, especially in the economic sector, the Kuwaiti News Agency (KUNA) reported.

Business in residential areas

Business in residential areas The Jakarta Municipal Administration (DKI) has focused on businesses operating in the residential area of Kemang over the past few weeks. This elite area has, over the past ten years or so, gradually developed into a business district with shops, cafes, restaurants, offices, and more. The media informed us that DKI is determined to return the area to its former status, a residential area, in line with the original municipal plan.

Minority parties threaten to boycott election campaign

Minority parties threaten to boycott election campaign JAKARTA (JP): With the electoral campaign only two days away, the Indonesian Democratic Party (PDI) threatened yesterday to boycott it if the party encountered too many hurdles. Government-recognized PDI chairman Soerjadi told a press conference that the party had a barrage of objections to irregularities in the run-up to the May 29 election.

Bapepam probes 100 investors and brokers

Bapepam probes 100 investors and brokers JAKARTA (JP): The Capital Market Supervisory Agency (Bapepam) is investigating around 100 parties consisting of securities firms, investors and the directors and several executives of the Jakarta Stock Exchange (JSX) over the trading of Bank Pikko shares earlier this month. An agency executive said yesterday a 10-member special team was undertaking the investigation.

Batik artist carves out niche with designs on wood

Batik artist carves out niche with designs on wood By K. Basrie SURAKARTA, Central Java (JP): A chance happening three years ago brought the beauty of batik design to a new domain of wood for one local artist. "It was just a coincidence," said Achmad Dahlan, 31, a former in-house batik maker who now runs his own business producing batik on wood. Achmad recalled the fluke incident in a recent interview with The Jakarta Post at his workshop here.

Airnorth to fly Darwin-Ambon route next June

Airnorth to fly Darwin-Ambon route next June By Riyadi AMBON, Maluku (JP): Merpati airlines suspended its Darwin- Ambon route last August but Darwin-based Airnorth Regional plans to fly the route twice a week starting next June. Airnorth's general manager, John Hardy, said yesterday his airline had learned from Merpati's mistakes and would fly 17-seat British Fairchild Metro 23s. "Later we will use bigger aircraft when the number of passengers improve. But we have to start with small.

Satelindo service

Satelindo service My account/subscription number with PT Satelit Palapa Indonesia for my GSM telephone is 142972. On April 17, 1997, my handphone was blocked, and a prerecorded message from Satelindo said that the number was not receiving any calls (outgoing calls were also not possible). Checking with Satelindo Customer Care Service at Tel. No. 222, I was told that my handphone was blocked because of an outstanding payment due for August 1996 (bill reference 9608-842- 02151 for Rp 173,193).

Vaccinations for 120,000 babies

Vaccinations for 120,000 babies MATARAM, West Nusa Tenggara: A total of 120,000 babies, born between March 1, 1997 and March 1, 1998 will be given free Hepatitis B vaccinations, a chief of the local health office announced yesterday. Aswandono was quoted by Antara as saying that up to mid-April about 3,000 babies had already been vaccinated. The vaccination program started in 1992 and was meant to bolster infants' immunity and reduce the infant mortality rate.

Where to go in Surabaya:

Where to go in Surabaya: Music and Entertainment * Elmi Hotel: Jl. Panglima Sudirman No. 42-44: - Qemi Club: Karaoke/Disco, Sunday, 8 p.m. to 11 p.m., Master Band, Monday and Wednesday, 10:30 p.m. to 12:30 a.m., Atlantic Band, Tuesday and Saturday, 10:30 p.m. to 12:30 a.m., Dankdut Group, Thursday, 10:30 p.m. to 12:30 a.m., Heart Beat Band/Hasta Nada Band, Friday, 10:30 p.m. to 12:30 a.m. * The Patra Surabaya Hilton International Jl.

A word of gratitude

A word of gratitude Today The Jakarta Post celebrates its 14th anniversary. Looking back on the past 14 years, we cannot help but be touched by a deep sense of gratitude and pride that we have reached this point. There were often times where we had to go through precarious and depressing moments -- times which seemed to us like tests imposed on us by providence. For many years we have lived dangerously, fully aware that we may have to face more turbulent times.

Was power break really planned?

Was power break really planned? I have great doubts about the Minister of Mines and Energy's statement made in connection with the recent power failure, which appeared in Republika, Kompas, The Jakarta Post and Media Indonesia. 1. If it had been planned (the technical term is planned outage) then: * There should have been an announcement about it and a time schedule.

Riadys drop plan to buy U.S. bank

Riadys drop plan to buy U.S. bank NEW YORK (AP): Longtime Indonesian supporters of President Bill Clinton dropped their plan to buy a California bank after their family's name was linked to the Democratic Party campaign finance scandal, The New York Times reported yesterday.

'Bloody April' incident commemorated

'Bloody April' incident commemorated UJUNGPANDANG, South Sulawesi (JP): Thousands of students took to the streets here yesterday to commemorate a demonstration last year that left three students dead and 60 injured. About 5,000 students from Hasanudin University (Unhas) and the Indonesian Moslem University (UMI) walked peacefully from the UMI campus to Panaikang cemetery where one of the students is buried.

Belo urges Australia to keep radio services

Belo urges Australia to keep radio services SYDNEY (AFP): Nobel laureate Roman Catholic Bishop Carlos Filipe Ximenes Belo urged the Australian government yesterday to maintain funding for the international shortwave radio network Radio Australia. The government decided Tuesday to slash Radio Australia's funding from 23 million Australian dollars (US$18 million) to about seven million dollars a year, which will mean an end to broadcasts to Asia-Pacific nations including Indonesia and China.

The Listening Post

The Listening Post "Building English Skills Through Newspaper+Radio" Produced by American Language Center in cooperation with The Jakarta Post and Radio Sonora FM 100.9 Mhz * Our readers sometimes wonder about the purpose of what they are reading (especially those native speakers who stumble across "The Listening Post," nestled amidst the comics and the crossword).

TV today

TV today TVRI 2:30 a.m. News: Lintas Nusantara 2:40 Travel: My Country 2:45 Children's Film: Animated Classic 3:10 Children's Program: Tunas 3:35 Talk Show: Sambung Rasa 4:00 Regional News 4:30 Student's Quiz : Cerdas Cermat 5:10 Film: Dream of Flight 5:25 Variety Show 5:30 Music: Paket 27 6:00 News: Lintasan Berita 6:05 Nusantara, The Beloved Country 6:15 Village Program 6:30 TVRI News 7:00 Evening News 7:30 Filler and Trailler 7:35 Development Program: Dinamika 8:00 News: Lintasan Berita 8:05...

Megawati's vote directives hailed

Megawati's vote directives hailed JAKARTA (JP): The government welcomed yesterday a statement by ousted leader of the Indonesian Democratic Party (PDI) Megawati Soekarnoputri that she and her supporters will not take part in the election campaign. Coordinating Minister for Political Affairs and Security Soesilo Soedarman said after a ministerial meeting on security affairs that the government "has no prejudice about Megawati's statement", issued Wednesday.

Novus's RI oil output

Novus's RI oil output MELBOURNE, Australia (AP): Novus Petroleum says its Nelayan 1 well at Kakap in Indonesia should deliver at least 5,000 barrels of oil per day to its joint venture participants. Novus's corporate research manager, Michael Sandy, said yesterday its share of production would be over 1,250 barrels per day after it was tested in a few days. "From logs it looks like a very good reservoir and we would expect it to flow at a rate in excess of 5,000 barrels per day," he said.

Rhoma entreats his fans

Rhoma entreats his fans JAKARTA (JP): Dangdut star Rhoma Irama pleaded to his fans yesterday to accept his decision to run for a seat in the House of Representatives for Golkar in the upcoming general election. "I can understand if some of my fans are disappointed. But I beg them to understand my decision," Rhoma was quoted as saying by Antara. The "Dangdut King", as he is often referred to by his fans, will also campaign for the dominant Golkar in the election, an almost certain drawing card.