Indonesian Political, Business & Finance News

Archive: 15 May 1997

64 articles found

Lonsum's income rises with palm oil prices

Lonsum's income rises with palm oil prices JAKARTA (JP): Publicly listed London Sumatra Indonesia (Lonsum) said yesterday its net income rose 28 percent to Rp 20.81 billion (US$8.6 million) in the first quarter this year over the same period last year. The company said this was due to an increase in non-operating income to Rp 12.25 billion from Rp 880 million in the same period of 1996.

Penis sheaths have Golkar color

Penis sheaths have Golkar color JAKARTA: Tribesmen in Irian Jaya know only too well how to please visiting Golkar chief Harmoko and other top party executives from Jakarta. Many of them attending a Golkar campaign in Wamena on Monday painted their koteka (penis sheaths) shiny yellow, the dominant party's color. Koteka, widely worn by men in Irian Jaya's hinterland, are usually dark brown. The men wearing yellow koteka were also an attraction to the townspeople, Kompas newspaper said yesterday.

Sulawesi's cement plant

Sulawesi's cement plant JAKARTA (JP): Minister of Finance Mar'ie Muhammad yesterday visited the Bosawa cement project in Maros, South Sulawesi, which is scheduled to start production in July next year. Mar'ie, who was on his way to a Golkar rally in the province, was received by Bosawa Group President Aksa Mahmud. Aksa said the factory was designed to have an annual capcity of 1.8 million tons. The factory is being built by South Korea's Daewoo. Construction started last August. (pwn)

Megawati loyalists push on with cause

Megawati loyalists push on with cause JAKARTA (JP): Megawati Soekarnoputri loyalists, sidelined from participation in the election, are planning more rallies to prove they can muster the numbers and that their cause is not lost. In Ujungpandang, they are planning another massive street rally after Monday's show of force which stopped the rival Indonesian Democratic Party (PDI) faction campaigning.

Marcos willing to sing with Ramos

Marcos willing to sing with Ramos MANILA (AFP): The widow of former Philippine dictator Ferdinand Marcos said yesterday she was willing to sing a duet with President Fidel Ramos in an election campaign. Imelda Marcos, a member of congress for her home province of Leyte, said she was ready to give support to any Ramos candidate in the election next May if asked. "You know me, I'm very obedient. If the people ask for a song, I will sing.

Where to go in Jakarta:

Where to go in Jakarta: Music * Dai-ichi Hotel, Jl. Senen Raya 135, Central Jakarta: - Morgan's 1072 Classic Disco; Lemon Tea Band/Time Motion Band, Tuesday, 9 p.m. to 12.30 a.m., Smart Band, Wednesday, 9 p.m. to 12.30 a.m., R and Co Band, Saturday, 9.30 p.m. to 1 a.m., Acid Speed Band, Friday, at 9 p.m. to 12.30 a.m., Progress Band, Thursday, at 9 p.m. to 12.30 a.m. * Kartika Chandra Hotel, Jl. Gatot Subroto, Jakarta: - Prambanan Cafe: Singers, Agape Trio, Monday, Tuesday, 12 p.m.

An election campaign marred by violence and neglect

An election campaign marred by violence and neglect YOGYAKARTA (JP): The campaign's curtain has been raised to reveal brutal fighting between the parties' supporters, and at center stage is the fear of greater violence. Clashes in Yogyakarta and cities in Central and East Java before and during the campaign have shown the potential for further violence.

'ANteve' and Bumiputera to sponsor badminton s'ship

'ANteve' and Bumiputera to sponsor badminton s'ship JAKARTA (JP): The Badminton Association of Indonesia (PBSI), ANteve and life insurance group Bumiputera signed an agreement yesterday to organize the Jakarta Junior Open badminton championship from June 30 to July 7. The PBSI's Jakarta chapter head, Karsono, ANteve's Nenny Soemawinata and Bumiputera's Suratno Hadisuwito signed the agreement. The three parties will seek tournament sponsorship and provide scholarships for the winners.

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, at 7 p.m. to 2 a.m., P&P Band and Flower Power Band, Wednesday, Saturday. Organist and Singer, daily. - Malabar Coffee Shop: New Name Vocal Group, Tarambo Vocal Group, Rotama Vocal Group, open 24 hours. - Lobby: Jaipongan Dance, Saturday, 6 p.m. to 9 p.m. * Chedi Hotel, Jl. Rancabentang 56-58: Job (Pianist), Monday to Wednesday, 5:30 p.m.

Busang scandal may drop mine financing

Busang scandal may drop mine financing SINGAPORE (Reuter): The Busang gold mine debacle in Indonesia will probably lead to a sharp reduction in finance for mining projects, the chief financial official of Canada's Placer Dome Inc said yesterday. "In the near-term, people are going to be very cautious," Ian Austin told Reuters in an interview on the sidelines of a mining finance conference in Singapore.

Dwipangga submits proposal for city's waste management

Dwipangga submits proposal for city's waste management JAKARTA (JP): The municipality has received a new proposal from a private company to recycle the city's waste into compost, an official said yesterday. Assistant to the city secretary in charge of development affairs, Prawoto S. Danoemihardjo, said the city has not decided anything yet. "The Governor has requested further evaluation on the proposal," Prawoto said after the presentation of the proposal.

Fire hits Banjarmasin

Fire hits Banjarmasin BANJARMASIN, South Kalimantan: Fire ravaged Tuesday a veteran complex forcing 260 families from their homes. No fatalities were reported. Antara reported that police were investigating the cause of the fire, which is said to have been the biggest in 15 years. The fire, which devastated three neighborhood communities in the complex located on Jl. Achmad Yani, nearly gutted Ulin Banjarmasin Public Hospital. "Two mosques were also destroyed by the fire," a resident said.

Youth jailed for raping Indonesian

Youth jailed for raping Indonesian SINGAPORE (AFP): A Singapore court has sentenced a Malaysian youth to eight years' jail and six strokes of the cane for raping an Indonesian maid amid mounting concern over offenses against domestics, press reports said yesterday. Lam Chun Song, 18, was found guilty Tuesday of raping the 23- year-old woman in her employer's flat on September 29, the Straits Times said. Rape carries a maximum penalty of 20 years' jail.

Biennial Arafura Games still needs improvement

Biennial Arafura Games still needs improvement DARWIN, Australia (JP): The eight-day biennial Arafura Games are widely known by the host Northern Territorians as The Arafura Sports Festival. They call it this because its main aim is to build relationships and winning comes second. The Games cannot even be compared to the Southeast Asian (SEA) Games. In The Arafura Games some sports are not observed by representatives of their international organizations.

No changes yet in China's policy after Deng's death

No changes yet in China's policy after Deng's death By Rizal Sukma JAKARTA (JP): It has been more than two months since China's paramount leader Deng Xiaoping passed away. However, there has not been any sign suggesting that the country's political situation will turn chaotic as speculated by many analysts and Chinese watchers.

Indonesia plans to purchase more Hawk jet fighters

Indonesia plans to purchase more Hawk jet fighters PEKANBARU, Riau (JP): Bilateral discussions between Indonesia and Britain for the purchase of 18 more Hawk-100 trainers and Hawk-200 all-weather attack fighters will not be hampered by the change in the British government, a minister said yesterday.

The innocent suffer when the rallies turn violence

The innocent suffer when the rallies turn violence YOGYAKARTA (JP): Fear and annoyance mingled in the man's voice as he described the horror of getting caught among thousands of rowdy political party supporters in a street rally here. "They took over the streets, they made us yell their party slogans or wave their hand signal, and beat us if we failed to comply." In Jakarta, a woman gazed sadly at her car vandalized by supporters. They had smashed the windows with iron bars.

Insurance firms capital requirement must go up

Insurance firms capital requirement must go up JAKARTA (JP): The government should raise the paid-up capital requirement of insurance companies to enable them to compete with their foreign rivals, an insurance executive said yesterday. President of PT Jasindo, the state-owned loss insurance company, Amir Imam Poero, said many premiums and commissions had gone to foreign insurance firms because local ones -- due to their small capital -- could not underwrite large insurance risks.

PPP's Ismail Hasan warns of infiltration

PPP's Ismail Hasan warns of infiltration JAKARTA (JP): United Development Party (PPP) chief Ismail Hasan Metareum told supporters yesterday to beware of "infiltrators" intending to blot the party's image. "If you see a stranger wearing PPP attributes but doing bad things, catch and hand over him or her to police," he said while addressing a rally in Malang, East Java. Ismail's speech came amid heightening political tension as the campaign passed into the third week.

Hokuriku to buy RI coal

Hokuriku to buy RI coal TOKYO (Reuter): Hokuriku Electric Power Co Inc said yesterday that it had agreed to purchase an annual 120,000 tons of coal from Indonesia's P.T. Adaro Indonesia between 1998 and 2001. A Hokuriku spokesman said he believed it was the first time for a Japanese power utility to conclude a long-term contract with the Indonesian company. The spokesman declined to provide details on the terms of the agreement.

French Cultural Center holds expo

French Cultural Center holds expo JAKARTA (JP): The French Cultural Center is organizing a photo exhibition by Dodo Karundeng, depicting the center's activities in the past three years. There are 30 photos on, among others, a jazz-gamelan show by Andre Jaume and Sapto Raharjo, the performance of the Arts-Sauts acrobatics group and a fire-eating demonstration by the Flambards group. The event is being cosponsored by The Jakarta Post with the center at Jl.

Trader charged with fraud

Trader charged with fraud JAKARTA (JP): A prosecutor demanded a four-year sentence for a businessman accused of swindling his partners of Rp 1.9 billion. Prosecutor Abdul Halim Tola told the Central Jakarta District Court yesterday that the defendant, Ignatius Budianto, had first asked three friends to apply for a bank loan to set up a financing company. But he used the loan to pay off his debts, Tola said.

YLKI overwhelmed by complaints over stickers

YLKI overwhelmed by complaints over stickers JAKARTA (JP): The Indonesian Consumers Organization (YLKI) has received more than 50 complaints in the last two days about the aggressive fund-raising method for the SEA Games. The foundation's chairwoman, Tini Hadad, said yesterday most of the complaints were from mobile phone owners, water and electricity customers. "Mobile phone owners complained that their monthly bills included Rp 2,500 for the Games, but they didn't receive stickers," Tini said.

PPP blames Golkar for rain

PPP blames Golkar for rain BANDUNG: Rain men and shamans specializing in holding back the rain have been in very high demand by political parties to make their election rallies a success. They have also been used in an attempt to cause downpours to foul up their rivals' rallies. Superstitious townspeople have said Golkar and the Indonesian Democratic Party (PDI) hired upscale shamans who were able to move clouds away from Bandung by magic on their campaign days.

Europe venture for Asia

Europe venture for Asia JAKARTA (JP): Three European firms -- Impregilo of Italy, NCC of Sweden and Strabag of Germany -- have formed a joint venture to develop their business in large-scale infrastructure projects in Southeast Asia. Italian Trade Commission's Jakarta representative said in a statement yesterday that the venture, called INS Contractors, would target projects on hydraulic engineering, maritime ports and oil rigs.

Street rallies death toll rockets

Street rallies death toll rockets JAKARTA (JP): The government's latest call for peaceful and orderly campaigning fell on deaf ears here yesterday as six people died in traffic accidents while United Development Party (PPP) supporters' convoys ruled the streets. The fatalities pushed up the campaign death toll to at least 55 since April 27. Most died in traffic accidents. President Soeharto reprimanded the three parties' leaders Tuesday for the increasing violations of election rules.

New fees on foreign employers criticized

New fees on foreign employers criticized JAKARTA (JP): A new fee on overseas employers hiring Indonesian workers would only harm workers instead of protecting them, activists said yesterday. Salma Safitri of the Jakarta-based Solidaritas Perempuan (Women's Solidarity for Human Rights Association) said instead of imposing new fees, the billions of rupiah already paid to the Indonesian Association of Labor Suppliers (Apjati) should be put to good use.

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 Performances: Pelangi Budaya 5:00 Arabic Lessons 5:30 Children's Program: Bermain Music 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 Campaign Program 8:00 News: Lintasan Berita 8:05 Comedy: Humoria 8:30 TV Program...

National car

National car From Media Indonesia Perhaps I am only one of the many people who has yet to be proud of the controversial national car. I do not want to undervalue the work of my countrymen, or be accused of sour grapes because I am incapable of purchasing one, but I doubt the exact definition of the national car. In my opinion, a national car should have the following criteria: 1.

Campaigns should be more educational

Campaigns should be more educational This year's election campaign is basked in new restrictions and new techniques, such as "dialog campaigns". J. Soedjati Djiwandono from the Center for Strategic and International Studies muses over the essence of the general election. JAKARTA (JP): An election is still primarily an exercise in practicing democracy for a majority of people in developing countries like Indonesia.

RI-Australia forum booked

RI-Australia forum booked JAKARTA (JP): Over 20 speakers, 15 sponsors and 20 exhibitors have confirmed their participation in the 24th Indonesia- Australia business conference and exhibition in Bali next month, the organizing committee said here yesterday. The organizing committee's chairman, Moetaryanto, said the event would serve as a forum for people wanting to explore business opportunities in both countries.

Ad appeals for calm in campaign

Ad appeals for calm in campaign SURABAYA (JP): The Brawijaya regional military commander, Maj. Gen. Imam Utomo, has made a public appeal for security, stability and unity through a newspaper advertisement. But his quarter-page advertisement in several East Java newspapers from May 7 to May 9 has been met by criticism and protests. The advertisement contained an eight-point appeal for national unity and a declaration that the campaign was not a forum for slander or division.

Bank CIC to raise Rp 70b from public

Bank CIC to raise Rp 70b from public JAKARTA (JP): Bank Century Intervest Corporation (CIC), expects to raise up to Rp 70 billion (US$28.79 million) from its initial public offering (IPO) early next month. CIC's president Robert Tantular said yesterday the bank planned to sell 70 million new shares or 30.43 percent of its enlarged stock to the public to expand its capital structure and network.

Games stickers reach restaurants

Games stickers reach restaurants JAKARTA (JP): Don't be surprised if a restaurant charges you Rp 5,000 for a SEA Games donation when you just finish your meal. A staffer of Nelayan restaurant, Central Jakarta, Yarti, said yesterday that SEA Games stickers were being sold to diners based on regulations. "But if a visitor refuses to pay for the stickers, that's OK, it's a voluntary donation ..," she said. The Hard Rock Cafe's public relations manager, Teges T.

US$2.9b in loans pledged for small, medium firms

US$2.9b in loans pledged for small, medium firms JAKARTA (JP): Big businesses within the Jimbaran group will set aside about Rp 7 trillion (US$2.92 billion) in working capital loans and technical assistance this year to support small and medium enterprises (SMEs). Businessman Sudwikatmono, one of the group's founders, said yesterday this was about twice the amount the group had managed to set aside for the partnership program last year.

Vehicle sales boost insurer's revenue

Vehicle sales boost insurer's revenue JAKARTA (JP): More vehicle sales in Indonesia are likely to boost PT Asuransi Astra Buana's premiums revenue this year, an executive said here yesterday. The company's president, Willy Suwandi Dharma, said the firm expected to generate about Rp 100 billion (US$41.1 million) in revenue from vehicle insurance this year, compared to Rp 68 billion last year.

S'pore helps save Thailand's baht

S'pore helps save Thailand's baht BANGKOK (AFP): The central Bank of Thailand said yesterday that it had jointly intervened with the Monetary Authority of Singapore to save the baht from speculative attack. "Today the Bank of Thailand and the Monetary of Singapore jointly intervened in the foreign exchange market to stabilize the value of the Thai baht," the central bank said in a statement.

BMW's sales rise

BMW's sales rise JAKARTA (JP): BMW car sales in Indonesia rose 85.5 percent to 1,074 units during the first three months of this year from 579 in the same period last year. BMW's sole agent said the Indonesian market recorded the strongest growth compared to markets in Hong Kong, Malaysia, Singapore, Taiwan and Thailand. BMW's total sales in the six markets increased by 34 percent to 5,581 units from 4,177 units in the period under review.

United Airlines agent

United Airlines agent JAKARTA (JP): United Airlines of the United States has appointed PT Cahaya Molek Angkasa Cemerlang as the carrier's general sales agent in Indonesia replacing PT Samudera Indonesia Dirgantara. The airline said here yesterday the appointment was necessary to anticipate the increasing number of passengers and cargo to the U.S. United Airlines would also open a marketing arm in Jakarta, the company said. United Airlines and U.S.

Indosat posts higher first quarter profit

Indosat posts higher first quarter profit JAKARTA (JP): State-owned international telecommunications operator PT Indosat reported here yesterday a consolidated net profit of Rp 132.4 billion (about US$55 million) in the first three months of this year, a 15.5 percent increase over the same period last year. In the first quarter last year the firm had an 8.62 percent consolidated net profit growth.

EU to seek WTO panel on Timor car policy

EU to seek WTO panel on Timor car policy GENEVA (Agencies): The European Union will next week ask fellow members of the World Trade Organization (WTO) to agree to set up a panel to look into Indonesia's controversial national car policy, trade diplomats have confirmed. The move follows a similar request by Japan which was blocked by Indonesia at the last meeting of the WTO's Dispute Settlement Body on April 30.

Thai PM to forge ties with Myanmar

Thai PM to forge ties with Myanmar BANGKOK (Reuter): Thai prime minister Chavalit Yongchaiyudh's visit to Myanmar later this week will focus on bilateral issues aimed at strengthening relations between the neighboring countries, government officials said yesterday. Officials said Chavalit was not expected to make any major deals with Yangon during his May 16 to May 17 visit and will only sign an agreement on border crossings between the two nations. Thailand's army commander-in-chief, Gen.

Police still working on Busang case

Police still working on Busang case JAKARTA (JP): National Police Chief Lt. Gen. Dibyo Widodo said yesterday a preliminary investigation team on the Busang hoax case was still collecting information from all possible sources. Dibyo said police would pursue the case thoroughly as it had received full authorization from the Minister of Mines and Energy I.B. Sudjana.

Summarecon denies conflicting reports

Summarecon denies conflicting reports JAKARTA (JP): Publicly listed PT Summarecon Agung has denied it published conflicting financial reports on its performance. A legal representative of Summarecon, Denny Kailimang, said yesterday that financial statements audited by Johan and Malonda and by KPMG Hanadi Sudjendro were valid and made for different purposes. "Johan and Malonda was assigned for Summarecon's internal purposes and KPMG was assigned on a routine basis," he said.

Kim's son to be summoned again

Kim's son to be summoned again SEOUL (Reuter): South Korean state prosecutors will again summon President Kim Young-Sam's son for questioning in connection with a probe into a scandal involving the younger Kim, a prosecution official said yesterday. The official confirmed a report by state-run Korean Broadcasting System (KBS) television that Kim Hyun-chul would be summoned by 2 p.m. (0500 GMT) today. He declined to give any more information.

HK spies relocate to Taipei, Macao, Seoul and Jakarta

HK spies relocate to Taipei, Macao, Seoul and Jakarta By Edward Neilan TOKYO (JP): Spies are said to be leaving Hong Kong in droves ahead of the July 1 handover of the British Colony to Chinese rule. They are relocating to Taipei, Macao (which reverts to Chinese rule from Portuguese control in 1999), Seoul, Jakarta and Tokyo. Those cities will henceforth be competing for the mantle long held by Hong Kong of "Spy capital of Asia".

Election campaign

Election campaign All Indonesian people have been feeling the atmosphere and seeing the campaigning activities going on for some time now. It is amazing how big the turnout is for the campaign. One day, Jakarta turned green, the next day it was yellow and then was followed by a shy red. I feel that people understand the importance of the campaign, because the election contenders have a chance to "sell" their programs, their ideals and their aspirations.

Bambang's Osprey eyes Asian gas markets

Bambang's Osprey eyes Asian gas markets SINGAPORE (Reuter): Osprey Maritime Ltd, which is controlled by President Soeharto's son Bambang Trihatmodjo and his Indonesian associates, is targetting the emerging Asian gas markets. "We see enormous growth in Asia for energy. It is a strategic move for us to position ourselves as an energy transportation firm," Osprey's chairman and chief executive officer Tim Cottew said yesterday.

Bank Niaga's problem loans

Bank Niaga's problem loans Thank you for publishing an article on Bank Niaga (May 9, 1997), however I would like to provide the following correction. On page 12 (article Bank Niaga wary of property sector), column 9, paragraph 2, it was stated that "Bank Niaga's head of corporate affairs,... and that its bad loans for the sector were less than 1 percent of its total bad loans of Rp 87,638 billion." It should have been written, "Bank Niaga's head of corporate affairs,...

Film Center ready for Jakarta anniversary

Film Center ready for Jakarta anniversary JAKARTA (JP): Renovation of the 21-year-old Usmar Ismail Film Center in Kuningan, South Jakarta, will be completed for the capital's jubilee on June 22. The head of the center's foundation, Syaukat, said yesterday the new five-story office would also include a basement for film archives.

Violence highlights the campaign

Violence highlights the campaign By Arief Budiman SALATIGA (JP): The election campaign has been going on for more than two weeks now. What we see in this campaign is very interesting. Both government (Golkar) and nongovernment parties (especially PPP) have been hostile toward each other. They destroy each other's banners. They also show very little respect for people in the streets.

Harmoko denies Golkar plotting 'Operation Dawn'

Harmoko denies Golkar plotting 'Operation Dawn' JAKARTA (JP): Golkar chief Harmoko denied yesterday that his party had concocted "operation dawn" to win votes by distributing food on election day. "There's no such thing," he said yesterday. He maintained that Golkar would conform with its election agenda set out in its convention last year, and that "operation dawn" was not part of its strategy. "Anything outside of that (Golkar's election agenda) is not Golkar's responsibility," he said.

Mudrick: Megawati-PPP alliance broker

Mudrick: Megawati-PPP alliance broker By Tedi Novan YOGYAKARTA (JP): The chairman of the United Development Party (PPP) Surakarta branch, Mudrick Setiawan Malkan Sangidoe, shot to nationwide fame recently by brokering the party's alliance with members of the split Indonesian Democratic Party (PDI). He persuaded thousands of people loyal to the PDI's ousted chief, Megawati Soekarnoputri, to "channel their votes" through the PPP.

Campaign schedule for Indonesia for May 15, 1997:

Campaign schedule for Indonesia for May 15, 1997: Party Campaign area Important campaigners -------------------------------------------------------------- PPP Sumatra, Bali, West and Ismail H. Metareum, Hamzah Haz, Ali East Nusa Tenggara, Hardi Kiaidemak, Yudo Paripurno, East Timor Djufrie Asmoredjo, M. Buang, Rusjdi Hamka, Alawy Muhammad Golkar Java, Maluku, Irian Jaya Harmoko, Abdul Gafur, Siti H.

Regional insurance for Asian ships

Regional insurance for Asian ships SINGAPORE (AFP): Asian shipowners are gearing up to launch a regional insurance market to underwrite their expanding fleets, save costs and challenge the dominance of Western insurers, officials said Wednesday. "The establishment of an Asian-based insurance market is fast becoming a reality," Hong Kong shipping tycoon George Chao said at the opening of a conference of marine and insurance industry executives.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on May 14, 1997: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 1,200 75 351,000 AHAP Insurance 2,675 0 0 Alter Abadi 1,175 0 305,500 Alumindo Light Metal 1,125 0 719,000 Alumindo Perkasa 775 0 0 Aneka Kimia Raya 1,275 75 7,929,000 Anwar Sierad 800 -25 584,500 Apac Centertex Corp.

Telkomsel-Motorola deal

Telkomsel-Motorola deal JAKARTA (JP): PT Telkomsel has signed a contract worth US$27 million with the American giant Motorola to expand the nationwide cellular operator's mobile telephone network. The project is aimed at increasing the Global System for Mobile (GSM) network capacity in Jakarta, Kalimantan and Bandung of West Java. Telkomsel's director Garuda Sugardo said that the contract for the Jakarta project was worth $24.7 million while the Kalimantan and Bandung projects $3.3 million each.

EU move on Timor car

EU move on Timor car It is now simply a matter of time before the United States, which has always claimed to be the vanguard of free trade, joins the move led by Japan and the European Union in asking the World Trade Organization panel to judge Indonesia's controversial national car policy. The EU has decided to seek a WTO panel at the monthly meeting of the WTO Dispute Settlement Body next week.

PPP needs own TV station

PPP needs own TV station MEDAN: The United Development Party (PPP) says its sick of state television station TVRI favoring Golkar in its campaign coverage. PPP functionaries have complained that every evening TVRI gives Golkar more air time and dramatic footage than it does to the PPP or the Indonesian Democratic Party. To show their disgust, PPP campaigners paraded here Monday with a box shaped like a TV camera with the inscription "TV P3".

Computer mistake takes away RI's gold

Computer mistake takes away RI's gold By Primastuti Handayani DARWIN, Australia (JP): Indonesian gymnasts had to swallow a bitter pill at Arafura Games yesterday as they lost their team gold medal due to judge's miscalculation. The judges announced that Indonesia won gold with 92.165 points, followed by Victoria with 92.140 and host Northern Territory with 91.691.

Psychics practicing in malls

Psychics practicing in malls From Pelita In recent weeks psychics have been practicing their art at several malls in Jakarta. Their activities drew widespread attention by the media. The mall managers said that the psychics were actually a sales gimmick to draw shoppers, who were interested in knowing their future or were curious about their health.

Soeharto stresses equal rights for all

Soeharto stresses equal rights for all JAKARTA (JP): President Soeharto has appealed to Indonesia's minority ethnic groups to strengthen nationalism and work together with the rest of the nation to face the challenges of the 21st century. In a meeting with representatives of the groups Tuesday night, Soeharto said every citizen, irrespective of their ethnic background, had equal rights and obligations, Minister/State Secretary Moerdiono said yesterday.

Bapepam punishes investors, brokerages over share scam

Bapepam punishes investors, brokerages over share scam JAKARTA (JP): The Capital Market Supervisory Agency (Bapepam) finally handed down yesterday penalties to investors, brokerage houses and the Jakarta Stock Exchange (JSX) management over the cornering of Bank Pikko shares early last month.

Deforestation in Indonesia

Deforestation in Indonesia Some time ago, I read in the papers that Surya Hutani Jaya of Indonesia and Siam Cement company of Thailand would jointly construct a pulp plant in Kutai, East Kalimantan with an investment of US$700 million. I believe that this investment will positively affect other logging companies and lead them in the right direction of preventing further deforestation.