Indonesian Political, Business & Finance News

Archive: 8 April 1997

53 articles found

Gus Dur denies deflating minority PPP

Gus Dur denies deflating minority PPP JAKARTA (JP): Moslem scholar Abdurrahman Wahid denied he was seeking to deflate the minority United Development Party (PPP) through his alliance with the dominant Golkar. He said Ismail Hasan Metareum, the chairman of PPP who accused him of giving political aid to Golkar in penetrating the Moslem- based party's strongholds, was only "sulking".

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on April 7, 1997: ------------------------------------------------------ Shares Close Change Trading Volume ------------------------------------------------------ Ades Alfindo 1,025 0 0 AHAP Insurance 2,675 0 0 Alter Abadi 1,175 0 248,500 Alumindo Light Metal 1,025 -50 171,500 Alumindo Perkasa 675 0 0 Aneka Kimia Raya 1,200 25 427,500 Anwar Sierad 850 -25 304,500 Apac Centertex Corp.

Indonesian intellectual property society officiated

Indonesian intellectual property society officiated JAKARTA (JP): The Jakarta-based Indonesian Intellectual Property Society (IIPS) founded on Nov. 25 was officiated yesterday by Deputy Cabinet Secretary Bambang Kesowo.

Lippo Life pays dividend

Lippo Life pays dividend JAKARTA (JP): Publicly listed insurance company PT Lippo Life will pay Rp 15.5 billion (US$6.51 million) in interim dividends on April 29. The company said the dividends from the company's 1996 Rp 50.1 billion profit was Rp 40 a share or equal to Rp 80 per share if calculated before last year's one-for-one rights issue. "In essence, this year's dividend of Rp 15.5 billion is 2.3 times higher than last year's," the company said.

Target market of 'Hard Rock FM'

Target market of 'Hard Rock FM' We write to comment on the article published in The Jakarta Post on Sunday, March 30, 1997 on page 9, entitled At 26 'Prambors Rasisonia' is still the hottest in town by Helly Minanti. Referring to the quotation on the eighth column , paragraph 2 "...In the city, several other radio stations also target teenagers and youngsters from the upper middle class, like Mustang, DMC or Hardrock FM.

Wedding bells for President Soeharto's son

Wedding bells for President Soeharto's son JAKARTA (JP): President Soeharto's youngest son, a business tycoon long considered Indonesia's most eligible bachelor, will marry his bride of Javanese royalty on April 30. Hutomo Mandala Putra, whose name has been linked with a number of famous women in the past, will marry Raden Ayu Ardhia Pramesti Rigita Cahyani or Tata.

More owners move into Taman Rasuna

More owners move into Taman Rasuna JAKARTA (JP): More owners of Taman Rasuna Apartments in Kuningan, South Jakarta, can move into their new homes as four of the 16 towers have been completed said the developer. Santoso Ramelan, president director of PT Catur Swasakti Utama, said 80 percent of the 953 apartments in the four towers have been sold. Catur Swasakti is a subsidiary of the Bakrie group headed by Aburizal Bakrie.

Telkomsel adds stations

Telkomsel adds stations JAKARTA (JP): Private cellular operator PT Telkomsel will operate five extra radio base stations in the mountainous areas of West Java in a bid to provide better service to travelers between Jakarta and Bandung. Company spokeswoman Rini Harsari said yesterday that Telkomsel would launch the five new radio base stations today in Padalarang, West Java.

Bureaucracy told to reduce its monopoly

Bureaucracy told to reduce its monopoly JAKARTA (JP): Former Australian Prime Minister Paul Keating said yesterday Indonesia should reduce the monopolistic role of its bureaucracy to become more globally competitive. Speaking at a one-day seminar on the challenges of increasing Indonesia's competitiveness, Keating said that instead of dominating businesses, the bureaucracy should try to be as competitive as the companies, businesses and industries they governed.

Myanmarese exhibition

Myanmarese exhibition JAKARTA (JP): German state-owned trade fair organizer Messe Munchen International will hold an exhibition in the Myanmarese capital of Yangon in cooperation with Myanmar's Industrial Development Committee. The company's managing director, Reinhold Unterburger, said yesterday that about 100 international exhibitors from Europe and Asia would participate in the exhibition, which will be held in October.

Activists call for release of colleague

Activists call for release of colleague JAKARTA (JP): A group of activists called for the intervention of the National Commission on Human Rights yesterday to secure the release of a colleague who has been held in connection with last December's riot in Tasikmalaya, West Java. The activists said Agustiana could not have been involved, let alone masterminded the riot, as the authorities claimed, because he was in Garut when it broke out on Dec. 26.

Canadian regulators force data release, says Bre-X

Canadian regulators force data release, says Bre-X CALGARY (Reuter): Securities regulators forced the release of disappointing preliminary results from tests at Bre-X Minerals Ltd's deposit in Indonesia, the head of the company said in a newspaper interview published on Sunday. Bre-X Chief Executive David Walsh, interviewed by the Calgary Herald, did not apportion blame to prospective partner Freeport- McMoRan Copper & Gold Inc.

China withdraws oil rig from Sout China Sea

China withdraws oil rig from Sout China Sea BEIJING (AFP): China has withdrawn an exploratory oil rig in the South China Sea in an area disputed with Vietnam, a senior official with the China National Offshore Oil Corp. (CNOOC) said yesterday. "After completing its normal work, the Kantan III has been withdrawn," said Yang Chunbao, an official in the CNOOC general manager's office. He refused to say whether the platform had been withdrawn on government orders.

Political riots rock three C. Java towns

Political riots rock three C. Java towns SEMARANG (JP): Political violence shook the Central Java towns of Pekalongan, Rembang and Temanggung early Sunday, in which nine people were injured, one house vandalized, several shops attacked and 15 vehicles set on fire, officials said yesterday. The latest bout of rioting involved supporters of the Moslem- oriented United Development Party (PPP) and the government-backed Golkar party that would compete in next month's election.

New ruling for foreign banks

New ruling for foreign banks JAKARTA (JP): Bank Indonesia, the central bank, has made it compulsory for joint venture and foreign banks to lend to small businesses. Bank Indonesia's director for credit, Mukhlis Rasyid, said yesterday joint ventures and foreign banks had to participate in the development of small businesses by lending them money.

JSX composite index falls

JSX composite index falls JAKARTA (JP): The Jakarta stock market continued to fall yesterday with the JSX Composite Index tumbling to a three-month low of 633.28 in morning trade. But the key indicator regained ground in afternoon trade to close at 636.64, down fractionally from 637.42 on Friday. One broker said trade was unusually low with only 7,600 transactions. "It represents only one third of the regular daily frequency as many investors stayed sidelined," he said.

Trial of toll road case to start

Trial of toll road case to start BOGOR (JP): The trial of two men charged in connection with the 1996 fatal Jagorawi toll road robbery will start next Monday. Spokesman for the Bogor District Court Usman Wahab told The Jakarta Post yesterday that the two men, Mikael and Hendrik, would be tried separately. "They are accused of violating clause 44 of Article 365 of the Criminal Code," Usman said. The maximum penalty for this is death.

Slain journalist's widow fights depression

Slain journalist's widow fights depression By Asip Agus Hasani YOGYAKARTA (JP): Seven months of legal proceedings have shed no light on the bizarre murder of Yogyakarta journalist Fuad Muhammad Syafruddin, better known as Udin, but have mounted suffering on his widow Marsiyem.

Diplomat's wife killed in accident

Diplomat's wife killed in accident PRETORIA (AFP): Malaysia's ambassador to South Africa, Kadir Deen, was in a serious condition in hospital yesterday after a car accident in which his wife was killed and two of their children were injured. Deen and his family were traveling home to Pretoria on Sunday when their car rolled on a highway near the farming town of Estcourt in the eastern province of Kwa Zulu-Natal, according to the SAPA news agency.

Illegal workers sent home

Illegal workers sent home KUPANG, East Nusa Tenggara: Six illegal workers deported from Malaysia arrived here last week. The workers were repatriated in cooperation with the Indonesian embassy in Kuala Lumpur, Lukman Hakim, an official of the East Nusa Tenggara social affairs office, said yesterday. The six arrived here Saturday and were returned to their home villages Sunday after they were lectured by the social affairs office on the proper procedures for seeking employment abroad.

Women workers protest new manpower bill

Women workers protest new manpower bill JAKARTA (JP): Some 40 women workers and their families from the West Java town of Karawang yesterday pressured the government to drop its manpower bill, staging a protest at the House of Representatives. Accompanied by a non-government organization called Solidaritas Perempuan (Women's Solidarity), the workers gathered at the House and waved placards denouncing the bill.

TV Program: Tuesday, April 8, 1997

TV Program: Tuesday, April 8, 1997 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 Education Program: Kuliah Universitas Terbuka 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...

Bali's Nyepi festivities likely to be toned down

Bali's Nyepi festivities likely to be toned down By Putu Wirata DENPASAR, Bali (JP): The series of Nyepi festivities to be held today in Bali seem to be a subdued version of those of former years. In past years, the atmosphere of Nyepi, an annual Balinese Hindu event, could be felt in the villages around Denpasar, Kuta, Sanur, Ubud and other towns.

House internal rules need changing: Legislators

House internal rules need changing: Legislators JAKARTA (JP): Legislators of the United Development Party (PPP) faction submitted to the House of Representatives yesterday a proposal to amend its internal rules. The legislators, led by chairman of the PPP faction Hamzah Haz, said changes are needed to respond to the growing public demand for democracy and a quality legislative body.

No Paper

No Paper In observance of the Hindu Day of Silence, The Jakarta Post will not be published tomorrow. The Post will appear again Thursday. -- Publisher

Printer gets 30 months for defaming President Soeharto

Printer gets 30 months for defaming President Soeharto JAKARTA (JP): A printer was sentenced to two years and six months in jail here yesterday for defaming President Soeharto by having printed an unlicensed magazine that contained articles tarnishing the President's image.

PPP rally claims one life

PPP rally claims one life SURAKARTA: One bystander was killed during a United Development Party (PPP) street rally that involved hundreds of supporters in Klaten district Sunday, a report said yesterday. The victim, 68-year-old Ardjo Suwito, was fatally hit by a vehicle used by party supporters who swarmed the city's streets unfurling banners and shouting slogans. The rally was held in celebration of the party's 24th anniversary, Antara reported.

Krueng upbeat govt will not sign Bre-X contract

Krueng upbeat govt will not sign Bre-X contract JAKARTA (JP): PT Krueng Gasui, a local partner of Canada's Bre-X Minerals Ltd in exploring the Busang gold mine in East Kalimantan, was certain yesterday the government would not sign a contract of work for the project before issues relating to the mine's ownership were cleared up. Krueng Gasui's president, Jusuf Merukh, said the case was too messy for the government to sign a contract of work yet.

Subway project

Subway project I was disappointed to read of B.J. Habibie's statement that the subway project will not start this year. I have also been very hopeful that the project will start immediately, as I believe that the only right M.R.T. (mass rapid transportation) that will be able to overcome the traffic problem will be the subway. Although expensive, it is worthwhile because no additional roads have to be built.

Police officer guilty of destroying evidence

Police officer guilty of destroying evidence YOGYAKARTA (JP): The Bantul district court has found Sgt. Maj. Edy Wuryanto, an officer at the Bantul police precinct, guilty of destroying evidence in the murder case of journalist Fuad Muhammad Syafruddin. Presiding judge Mikaela W. told the court that Edy had floated a portion of the victim's blood out to sea and threw the remainder in the garbage bin. The lawsuit was filed by Fuad's widow, Marsiyem. Yogyakarta Police Chief Col.

NCC's cooperation in Asia

NCC's cooperation in Asia STOCKHOLM (Reuter): Swedish construction company NCC said yesterday it had signed an agreement with two other European builders, Germany's Strabag and Italy's Impregilo to cooperate in Southeast Asia. This will involve opening joint representational offices in Manila in the Philippines and in Jakarta, Indonesia. A number of NCC employees will be stationed in the new offices, NCC said in a statement.

Sudjana replaces director general handling Busang

Sudjana replaces director general handling Busang JAKARTA (JP): The director general of general mining, Kuntoro Mangkusubroto, was sacked yesterday but the minister of mines and energy, I.B. Sudjana, said the dismissal was not linked to his handling of the controversial Busang gold field. Sudjana also replaced the director general of electricity and energy development, Zuhal. But public attention has focused mostly on Kuntoro's removal.

SEAG tem hopes to get Yayuk back

SEAG tem hopes to get Yayuk back JAKARTA (JP): The 19th SEA Games team training director, Djoko Pramono, said yesterday that he hoped Yayuk Basuki would join the team despite her letter of refusal. He said the National Sports Council would find a solution and discuss it with the Indonesian Tennis Association. "The problem has been discussed within the association. After the council has consulted the association, we will find a solution," he said.

Discussion on Islamic culture

Discussion on Islamic culture JAKARTA (JP): The Istiqlal Foundation will present both speeches and a panel discussion on museums and Islamic culture at the Ministry of Tourism, Post and Telecommunications on Saturday, April 12. The discussion, to be opened by Minister of Religious Affairs Tarmizi Taher, will be held in conjunction with the opening of Bayt Al-Quran and Istiqlal Museum at Taman Mini Indonesia Indah in East Jakarta on April 20.

Voting booths must be placed outside office complexes

Voting booths must be placed outside office complexes JAKARTA (JP): The city's General Elections Committee has banned government offices from constructing polling booths inside office building compounds. In the last general election, in 1992, polling stations were also banned from government office compounds. The city's committee found eight offices had violated the rule and ordered local officials to remove them.

Perumka prepares more double tracks

Perumka prepares more double tracks JAKARTA (JP): State railway company Perumka will build a 135- kilometer double-track railway line between Cikampek and Cirebon in West Java. Perumka said the project was scheduled to be finished by 2001. The first segment, linking Cikampek and Haurgeulis (54 km), will be financed by Japan's Overseas Economic Cooperation Fund. The second segment (32 km) will link Haurgeulis and Telagasari.

OCBC, Bank NISP tie up

OCBC, Bank NISP tie up SINGAPORE (Reuter): Oversea-Chinese Banking Corp Ltd said yesterday its joint venture company PT Bank OCBC-NISP had obtained a licence to operate in Indonesia. It said in a statement the joint venture company started operations yesterday after receiving a licence from the Ministry of Finance. The paid-up share capital of the company is 150 billion rupiah. OCBC Corp owns 85 percent of the paid-up capital and PT Bank NISP the remaining 15 percent.

Pattinson sells RI coal stakes

Pattinson sells RI coal stakes SYDNEY (Reuter): Washington H. Soul Pattinson and Co Ltd said yesterday it had agreed to sell minority interests held in two of its Indonesian coal subsidiaries to Asian Mining and Energy Corporation (ASMEC) for US$15 million. "The agreement incorporates the sale of New Hope subsidiaries New Hope Indonesia Pty Ltd and Aspac Investments Pty. Ltd., together with Beckkett Pte Ltd, a subsidiary of Washington H. Soul Pattinson," the company said in a statement.

Top official's daughter killed in Yangon blast

Top official's daughter killed in Yangon blast YANGON (Agencies): A bomb yesterday exploded at the house of one of Myanmar's top military officials, killing his daughter and setting off a renewed security alert in the capital. A bomb exploded at the house of Lt. Gen. Tin Oo, Secretary Two of the ruling State Law and Order Restoration Council (SLORC) and Chief of Staff, Army, on Sunday night. Sources close to the family said Tin Oo's eldest daughter was killed in the blast.

Alcohol, cigarette ads under attack

Alcohol, cigarette ads under attack PEKANBARU, Riau: Psychiatrist Dadang Hawary proposed Sunday that the government ban alcohol and cigarette advertisements to curb addiction problems among Indonesian youths. "Some wealthy countries have banned alcohol and cigarette advertisements to protect their younger generation from addiction," he said when addressing 1,500 students at a workshop sponsored by PT Caltex Pacific. Dadang said that in the U.S.

Way Kambas breeding program for Sumatran rhinos launched

Way Kambas breeding program for Sumatran rhinos launched Text and photo by Mulkan Salmona WAY KAMBAS, Lampung (JP): There are many endangered species in Indonesia badly in need of protection. One of them is the Sumatran rhinoceros (Dicerorhinus sumatrensis). Ten years ago, these rhinos numbered about 500, but today, there is only about half of that amount. A breeding program was launched recently in Way Kambas National Park, Lampung, in an effort to save the rhinos from extinction.

Fireman killed in Harco to be promoted: Idroes

Fireman killed in Harco to be promoted: Idroes JAKARTA (JP): Deputy Governor for Administrative Affairs Idroes said the municipality would promote posthumously Danu Sisworo, a fireman who died in the Harco Mangga Dua fire last Friday. "We're going to give his family his pension and other rights, and promote him because he died on duty," Idroes said yesterday. He said Korpri, the Civil Servants Corps, would also assist the deceased's family.

In search of justice

In search of justice From Media Indonesia At the time of writing my father (Djanas Raden dt Bandaro Kuning SH, 63) is in Muara Padang prison where he has been held since Dec. 31, 1996 by a team of judges who accused him of deceit and a 10-year old land fraud charge. The question of whether he is guilty or not is, of course, for the court to decide. On March 6, 1997, however, my father fell ill and was given permission from a doctor to rest on March 10, 1997.

PT Timor to make 4-wheel drives without tax break

PT Timor to make 4-wheel drives without tax break JAKARTA (JP): PT Timor Putra Nasional, a company licensed by the government to make "national" sedans with tax and duty breaks, will launch a four-wheel drive vehicle by next January without any fiscal facilities, an executive said yesterday.

Habibie proposes another megaproject

Habibie proposes another megaproject JAKARTA (JP): State Minister of Research and Technology B.J. Habibie, often called Indonesia's technology tsar, plans a megaproject that would make Irian Jaya an industrial estate. Habibie presented his idea to build a giant multi-purpose reservoir near Mamberano river to a two-day seminar that brought together academics and potential investors, both local and foreign.

RI-Yemen match moves from Manado to Jakarta

RI-Yemen match moves from Manado to Jakarta JAKARTA (JP): The All Indonesia Football Federation (PSSI) will hold the World Cup Asian zone group five qualifier between Indonesia and Yemen at the Senayan stadium here on April 13. Federation chairman Azwar Anas said in Padang, West Sumatra, yesterday that the match had originally been planned for Manado, North Sulawesi.

Where to go in Jakarta: Tuesday, April 8, 1997

Where to go in Jakarta: Tuesday, April 8, 1997 Music * Parkroyal Ancol, 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. * Ibis Kemayoran, Jl.

Aliens to be deported for forged passports

Aliens to be deported for forged passports JAKARTA (JP): The Directorate General of Immigration is to deport a South Korean and a Nigerian for using fake passports to enter the country, an official said. Zaiman Nurmatias, head of immigration's control and supervision department, said over the weekend that Jun Byung-chel was arrested at the Puri Indah housing complex in East Jakarta last Thursday. Jun had falsified his identity in his passport. "The name in the passport is Jun Pyung-chul.

Man stabs his own wife

Man stabs his own wife JAKARTA (JP): A woman was stabbed by her estranged husband at their house in Bekasi, some 30 kilometers east of the capital Sunday. Kuni binti Kucing, 40, was sleeping when her husband, Akhir, broke into the house and attacked her. The 54-year-old man, who had moved out about a month earlier, broke down the back door of the house in Kampung Jajalan Raya, Tambun, Bekasi, at around 10 p.m. Akhir repeatedly stabbed Kuni in the neck, breast and left arm.

Bank borrowing curbed

Bank borrowing curbed The central bank is strengthening its monetary management by toughening the restrictions on foreign borrowings by Indonesian banks. The measure is obviously designed to maintain prudent debt management to prevent further stresses on the balance of payments and to ensure adequate capacity for future debt repayments.

Buru turned into rice fields

Buru turned into rice fields AMBON, Maluku: The provincial government plans to open 800 hectares of ricefields on Buru, a small island once used to imprison suspected communists. Mangantar Simatupang, head of the island's irrigation project, said yesterday that the ricefields are expected to help materialize Maluku's ambition to become one of Indonesia's main rice producers.

IKAPI to hold book fair 1997

IKAPI to hold book fair 1997 JAKARTA (JP): The Association of Indonesian Publishers (IKAPI) will hold a book fair from June 14 to June 22. Antara reported yesterday that the association would use the event to commemorate Jakarta's anniversary, which falls on June 22. The association will also announce on the first day of the fair, the best newspaper or magazine article on literacy in Indonesia. (sur)

Government urged to ban fictitious importers

Government urged to ban fictitious importers JAKARTA (JP): The director general of customs and excise, Soehardjo, urged the Ministry of Industry and Trade yesterday to revoke 102 importers' licenses who had submitted false addresses to the customs office. "The importers' licenses must be revoked," he said during a visit by House Budgetary Commission members to Tanjung Priok port.