Indonesian Political, Business & Finance News

Archive: 20 May 1997

57 articles found

Severe cyclone batters Bangladesh coast, islands

Severe cyclone batters Bangladesh coast, islands CHITTAGONG (Reuter): A severe cyclone in the Bay of Bengal lashed the Bangladesh coast yesterday, demolishing homes in its path and forcing the evacuation of more than half a million people. There was no word on casualties as the cyclone pounded the Cox's Bazar and Teknaf areas, the country's southernmost tip, with winds of more than 200 kph, officials said.

S. Asian states vow to intensify fight for prosperity

S. Asian states vow to intensify fight for prosperity By Suzanne Goldenberg MALE: When the King of Bhutan's entourage came to the Maldives for a regional summit last week they flew from Thimpu to Bangkok, Bangkok to Singapore, Singapore to Colombo, and Colombo to the capital Male. It was more convenient than traveling through New Delhi, which would have taken them two days.

Minister denies travel advice

Minister denies travel advice SINGAPORE (AFP): Singapore is not discouraging its citizens from visiting Malaysia but some may feel unwelcome there after a recent diplomatic row, a senior cabinet member said in remarks published yesterday. "We do not tell them where to go and where not to go," the Straits Times quoted Home Affairs Minister Wong Kan Seng as saying amid reports that some Singaporean tour groups will skip Malaysia during next month's school break in favor of Thailand and Indonesia.

Transmigrants seek jobs

Transmigrants seek jobs PALU, Central Sulawesi: Tens of transmigrant families at the Sidera resettlement sites have been forced to seek jobs 10 kilometers away in Palu because their allotted land is not yet productive, Antara reported Monday. The resettlers from Central Java and East Nusa Tenggara said they had to survive as their land had not produced anything while their food supplies dwindled and the government refused to restock them.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on May 19, 1997: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 1,125 0 2,500 AHAP Insurance 2,675 0 0 Alter Abadi 1,150 -25 6,500 Alumindo Light Metal 1,075 -25 224,000 Alumindo Perkasa 775 0 0 Aneka Kimia Raya 1,225 -25 551,500 Anwar Sierad 800 0 166,000 Apac Centertex Corp.

Vendors profit from campaigns merchandise

Vendors profit from campaigns merchandise By Joko Sarwono BOGOR, West Java (JP): The campaign, from April 27 to May 23, is proving very profitable for makers and sellers of party flags, banners, T-shirts, bandanas and other paraphernalia. The United Development Party's (PPP) local branch has ordered 15,000 T-shirts and 2,500 flags and banners. Golkar's local branch has ordered more than 90,000 T-shirts and at least 30,000 flags and banners.

Customs told port pile-up could affect trade

Customs told port pile-up could affect trade JAKARTA (JP): The Overseas Ship Owners' Representatives Association (OSRA) warned that unless the customs office took serious steps Tanjung Priok port's container pile-up could create serious problems. OSRA chairman Lim Kean Joo said in a letter to the director general of customs and excise that the current pile-up of containers at the port could affect imports and exports.

Two arrested for having marijuana

Two arrested for having marijuana JAKARTA (JP): A police patrol in West Jakarta arrested two men and confiscated 600 grams of marijuana Friday. City Police spokesman Lt. Col. E. Aritonang said Sunday the two men were on their way to sell the drug in several discotheques in West Jakarta. Aritonang said the men, identified as An Jok, 21, and Tan Kiong Nyat, 40, were arrested while passing through the Jembatan Lima area, West Jakarta, on Friday night.

Medical checkup for pilgrims to be tighter

Medical checkup for pilgrims to be tighter JAKARTA (JP): The government plans to tighten the medical checkup of anyone planning to join the haj pilgrimage next year. Welcoming the last batch of pilgrims from Saudi Arabia at Halim Perdanakusuma airport yesterday, Minister of Religious Affairs Tarmizi Taher said the 765 Indonesian pilgrims who died in this year's pilgrimage was quite a high figure.

Asia-Pacific bourses mixed ahead of U.S. rate decision

Asia-Pacific bourses mixed ahead of U.S. rate decision TOKYO (AFP): Share markets in the Asia-Pacific region closed mixed yesterday with many investors sidelined ahead of a U.S. decision on interest rates later in the week, broker said. In Tokyo, share prices rallied to close at the year's high with the key market barometer rising 0.8 percent on purchases of selected blue-chip leaders and issues related to domestic demand.

Peace Corps shows KL maturity

Peace Corps shows KL maturity Malaysia's decision to start its own version of the Peace Corps reflects the country's growing maturity. It is no exaggeration to suggest that this timely and appropriate initiative may be one of the most constructive ideas to come out of the region yet. When President John F. Kennedy started the United States Peace Corps in 1961, it caught the fancy of tens of thousands of idealistic young Americans.

Mahathir starts two-month break

Mahathir starts two-month break KUALA LUMPUR (Reuter): Malaysian Prime Minister Mahathir Mohamad left for London late Sunday to begin a two-month vacation, Malaysian newspapers said yesterday. The Prime Minister will visit several countries including Poland, Hungary and Switzerland as part of his work-and-rest break.

Foreign tourist arrivals up 5.4% in March

Foreign tourist arrivals up 5.4% in March JAKARTA (JP): Foreign visitors to Indonesia rose to 371,311 in March, up 5.4 percent on March last year, according to a report by the Ministry of Tourism, Post and Telecommunications. The report said foreign tourist arrivals rose 4.3 percent in January and 3.4 percent in February. Indonesia had 989,208 foreign tourist arrivals in the first three months of the year up from 974,429 in 1996.

Schedule campaign for Indonesia for Mei 20, 1997:

Schedule campaign for Indonesia for Mei 20, 1997: Party Campaign area Important campaigners ------------------------------------------------------------------ PPP Java, Maluku, Irian Jaya Hamzah Haz, Yudo Paripurno, Zain Badjeber, Jusuf Syakir, Tosari Widjaja, Syansuri Badawi, Rusjdi Hamka, Alawy Muhammad Golkar Kalimantan, Sulawesi Theo Sambuaga, Marwah D. Ibrahim, Fadel Muhammad, B.J. Habibie, Djamaludin Suryohadikusumo, Sarwono Kusumaatmadja, Saadillah Mursjid, I.B.

Talks on teens and sex

Talks on teens and sex JAKARTA (JP): A seminar on the sexual behavior of adolescents in rural and urban areas will be held Wednesday at the Faculty of Medicine of the University of Indonesia on Jl. Salemba Raya, Central Jakarta. The talks are organized by the anthropology department of the Faculty of Social and Political Sciences and the United States- based Ford Foundation. Scheduled speakers include Haryono Suyono, Minister of Population/Head of National Planning Coordination Board, and Prof.

PPP chairman suggests PRD behind campaign violence

PPP chairman suggests PRD behind campaign violence JAKARTA (JP): United Development Party (PPP) chief Ismail Hasan Metareum said yesterday that activists of the unrecognized Democratic People's Party (PRD) might have started the campaign violence. But Ismail guaranteed that the PRD had not infiltrated his Moslem-based party. The PRD's leaders are in jail for undermining the state.

Golkar opposes limiting terms of presidency

Golkar opposes limiting terms of presidency JAKARTA (JP): Golkar chief Harmoko said yesterday his party opposed limiting the number of terms that a person could serve as president. "The post of president should not be limited and Golkar rejects any suggestion of it," he told 100,000 supporters at a rally in Palembang, South Sumatra. The crowd reacted enthusiastically by screaming, "Long live Golkar, long live the President, long live the President," after his every word.

PPP focuses on better bureaucracy

PPP focuses on better bureaucracy JAKARTA (JP): The bureaucracy was mocked as a broker of paid services yesterday by the United Development Party's (PPP) chairman, Ismail Hasan Metareum. "The bureaucracy has become a service bureau," he said, citing an Indonesian phrase for middlemen who are paid to provide services such as organizing passports and identity cards. "The bureaucracy no longer functions as the public's servant.

SE Asian rubber prices may rise with Thai buying

SE Asian rubber prices may rise with Thai buying SINGAPORE (Reuter): Southeast Asian rubber producers, hammered in the past few weeks by falling prices, are optimistic sales will improve this week due to Thai government buying support for the market, regional traders said yesterday.

Ciputra Surya to issue Rp 300b six-year bonds

Ciputra Surya to issue Rp 300b six-year bonds JAKARTA (JP): PT Ciputra Surya, a subsidiary of publicly listed property developer PT Ciputra Development, will issue six year bonds worth Rp 300 billion (US$125 million) to refinance its loans and support expansion. Cynthia Indradewi, BNI Securities' director -- the lead underwriter for the issuance -- said Ciputra Surya's bonds would be sold to domestic and overseas investors.

PPP displays 1-km-long banner

PPP displays 1-km-long banner SURAKARTA: The United Development Party (PPP) has spent Rp 8 million (US$3,300) making a one-kilometer-long banner to connect the city with the Kartosuro western suburb. The one-meter-wide banner was more effective at attracting public attention than politicians' speeches and rhetoric on the same old issues, party activists said yesterday.

Govt says campaign must go on

Govt says campaign must go on JAKARTA (JP): Despite heightening tension and widespread fears of more violence, the government is allowing the three parties to continue campaigning. Minister of Home Affairs Moch. Yogie S.M. said yesterday he understood public worries about further unrest but stressed that campaigning would not be terminated until the end of the scheduled period on Friday.

Caption

Caption Correction: In the photo caption titled DAMAGE ESTIMATE which appeared on this page yesterday, Golkar Jakarta chapter chief Tadjus Sobirin was wrongly identified as United Development Party Jakarta chapter chief Rusjdi Hamka and vise versa. We regret the error. -- Editor

Peddling for PDI true love

Peddling for PDI true love SEMARANG: The leadership rift tearing apart the Indonesian Democratic Party has failed to dent one man's love for the minority party. Kasmudi, 55, has been cycling through nearby towns and villages on a solo campaign with a PDI flag on a stick strapped to the rear of his bicycle. To attract attention, he plays Dangdut folk music on a tape recorder which he amplifies with a megaphone.

Recent violence blamed on govt

Recent violence blamed on govt JAKARTA (JP): The government's inconsistent treatment of the parties has caused people to fight in the streets, the Indonesian Legal Aid Foundation said yesterday. "The government has accused the political parties and the public of violating election law. In fact, the government and its apparatus have also violated the law," said foundation chairman Bambang Widjojanto.

Silk cultivation loans distributed in stages

Silk cultivation loans distributed in stages JAKARTA (JP): The Ministry of Forestry has distributed Rp 500,000 (US$205) a hectare in the first stage of loans to silk farmers in Sukabumi, West Java. The director general of reforestation and land rehabilitation, Hendarsun S.

FKEI demands transparent textile quotas

FKEI demands transparent textile quotas JAKARTA (JP): About 20 members of the Indonesian Exporters Communication Forum (FKEI) yesterday asked the Ministry of Industry and Trade to improve the export quota-distribution system by making it more transparent. The FKEI members protested in front of the ministry, unfurling banners expressing their discontent over what they say is unfair distribution and poor management of export quotas for textile and textile-related products.

Effectiveness of dialog campaigns

Effectiveness of dialog campaigns By Amir Santoso JAKARTA (JP): Dialogs are a new method of campaigning proposed by Golkar. They were implemented for the first time in this campaign, being added to public gatherings and mass rallies, which have been known as campaign monologs. Golkar's first idea has been to guide voters by the political group's program, rather than by family tradition or a neighbor's choice.

Vietnam should be prudent

Vietnam should be prudent HANOI (AFP): A senior World Bank official urged Vietnam yesterday to be prudent in the mobilization of foreign capital given the country's outstanding debt issues which might constrain potential growth.

ASEAN investment area to be launched in 1998

ASEAN investment area to be launched in 1998 KUALA LUMPUR (AFP): The Association of Southeast Asian Nations (ASEAN) aims to launch an open investment area by the end of next year as part of the region's free trade plan, a Malaysian official said yesterday. International Trade and Industry deputy minister Kerk Choo Ting said the ASEAN investment area (AIA) was aimed at enabling the free flow of capital among its seven members while easing access to technology and skilled labors.

Ever Shine expects 20% rise in net profit

Ever Shine expects 20% rise in net profit JAKARTA (JP): PT Ever Shine Tex, a publicly listed synthetic textile and clothing manufacturer, expects a 20 percent increase in net profit this year on increased production capacity. Ever Shine's director Erlien Lindawati Surianto said yesterday the company's net profit was likely to increase to Rp 32.64 billion (US$13.38 million) this year from Rp 27.2 billion in 1996, and its net sales to Rp 220.8 billion from Rp 184 billion.

Tax exemptions for low-paid workers

Tax exemptions for low-paid workers JAKARTA (JP): Factory workers who earn less than the minimum wage do not have to pay income tax, the minister of finance, Mar'ie Muhammad, said yesterday. Mar'ie, accompanied by the minister of manpower, Abdul Latief, said that the new ruling, stipulated in finance ministerial decree No. 229, 1997, would become effective next month.

Ex-foreign minister Soenario buried in heroes ceremony

Ex-foreign minister Soenario buried in heroes ceremony JAKARTA (JP): Former independence fighter and Indonesian foreign minister Soenario, who died Sunday, was buried at the Kalibata national heroes cemetery yesterday. Foreign Affairs Minister Ali Alatas led the state funeral ceremony of the 94-year-old national figure. Born on Aug.

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.

STUD gets $29m loan

STUD gets $29m loan JAKARTA (JP): PT Sumatera Timber Utama Damai (STUD), a plywood producer based in Batam, has secured a syndicated loan worth US$29 the company's president said Friday. Sudjono Halim said the loan would refinance the company's loans. "But we will use part of the loan to replace machinery and increase efficiency," Bisnis Indonesia quoted him as saying.

Malaysia property sector not alarming, says Mobius

Malaysia property sector not alarming, says Mobius KUALA LUMPUR (Reuter): The Malaysian economy should not be tarred with the same brush as those of other Southeast Asian countries, Mark Mobius, president of the Templeton Emerging Markets Fund, said yesterday.

Cowboy comes alive at rallies

Cowboy comes alive at rallies TEGAL, Central Java: Slawi police chief Lt. Col. Soetamto Oetomo is one officer who is not complaining about campaigning because it lets him pursue his favorite hobby, horse riding. Soetamto has turned up on horseback at almost every outdoor rally in his jurisdiction. In full uniform, including a wide-brimmed hat and long boots, he looks like a cowboy as he parades around venues barking orders at unruly crowds. "I have ridden horses since I was a boy.

Karet Tengsin fire leaves 1,500 people homeless

Karet Tengsin fire leaves 1,500 people homeless JAKARTA (JP): Fire destroyed more than 300 slum houses in Karet Tengsin subdistrict, Tanah Abang, in Central Jakarta yesterday, leaving 1,500 people homeless. The fire, believed to have started in a house rented by a ketupat sayur food vendor, spread to other houses because of strong winds. Central Jakarta fire brigade chief Fredy Aling said a kerosene stove explosion at the house caused the fire in the seven neighborhoods of RW 05 on Jl.

Telkomsel gets Visa service

Telkomsel gets Visa service JAKARTA (JP): PT Telkomsel will launch a Visa credit card service in cooperation with Bank Internasional Indonesia (BII). Telkomsel's president, Koesmarihati Sugondo, said here yesterday that her company wanted up to 50,000 Telkomsel Visa credit cardholders by the end of this year. "The card will offer rewards and discount programs especially for Telkomsel's subscribers," she said after signing an agreement with BII's credit director, Suryadi Purnama.

Two expats arrested for smuggling rare species

Two expats arrested for smuggling rare species JAKARTA (JP): Two Japanese were arrested at the Soekarno-Hatta International Airport for trying to smuggle protected species out of the country, police said yesterday. City Police Spokesman Lt. Col. E. Aritonang said the two men had attempted to smuggle 33 malu-malu (loris or Nycticebus coucang), four alap-alap eagles (Elanus hypoleocus), three Rajawali hawks and two owls. Seventeen of the malu-malu had died. The animals were in a box.

Three-tier transit system proposed for revised plans

Three-tier transit system proposed for revised plans JAKARTA (JP): A company planning to build a three-tier transit system will approach the city administration to try to include the project in the revised urban spatial plan, the company's spokesperson said yesterday. Head of the Citra Group public relations department, M. Fariza Y. Irawady, said the company would present the plan to the City's Spatial Agency tomorrow.

Will clown's picture be banned?

Will clown's picture be banned? SURAKARTA: Outraged at the government ban on famous people's pictures at rallies, a United Development Party (PPP) supporter turned up at a rally over the weekend with a clown's picture. The supporter captured great attention by carrying a poster of Petruk, a Javanese shadow puppet clown. "I don't know if they (government officials) will also ban this picture," said the grinning man.

Government to check all mineral finds

Government to check all mineral finds JAKARTA (JP): All non-oil and gas mining companies in Indonesia will have to get government verification of their mineral finds before they can announce their discoveries, a senior mining official said yesterday. Darmoko Slamet, who was installed yesterday as the Ministry of Mines and Energy's secretary-general, said compulsory verification would be enacted in a mining regulation to be issued soon.

Businessman faces 14 years imprisonment

Businessman faces 14 years imprisonment JAKARTA (JP): A state prosecutor asked the North Jakarta District Court yesterday to sentence businessman Hasan, alias Eng San, to 14 years in jail for inducing other people to kill his business rival Nyo Beng Seng. Prosecutor Andhi Nirwanto said Eng San was guilty of violating article 55 of the Penal Code which carries a maximum 15 years jail term. "The defendant deserves such a sentence since he organized the murder.

Showroom owner testifies on robbery

Showroom owner testifies on robbery BOGOR (JP): A car showroom owner who testified in the Jagorawi toll road robbery court case said the Mercedes involved in the robbery was returned two days after the incident. Witness Dedy Wijaya, a showroom owner on Jl. R.S. Fatmawati, South Jakarta, yesterday said defendant Erling Doly Wijaya alias Mikel, returned the Mercedes five months after buying the car in installments on behalf of his superior.

Zarina begs court to free her of charges

Zarina begs court to free her of charges JAKARTA (JP): TV actress Zarina broke into tears in court yesterday as she begged the judges to acquit her of the charges of possessing thousands of Ecstasy pills. "Please send me home in dignity," she said, her voice faint amid sobs as she read her self-prepared closing arguments at the Central Jakarta District Court.

Clean government

Clean government From Media Indonesia The three poll contestants for the general election have so far not touched on the theme of clean government. We have seen significant progress in the 30 years of the Soeharto administration, but still development is lagging far behind in comparison to new industrial countries like Taiwan, Singapore, Korea and Malaysia. Certainly one explanation for this is our huge population, but we shouldn't forget that Indonesia has far more abundant natural resources.

Kasiyadi and Maan among big guns at Bali Open

Kasiyadi and Maan among big guns at Bali Open By Robert Soelistyo NUSA DUA, Bali (JP): Fifty-five of Indonesia's leading professional golfers, including Kasiyadi and Maan Naasim, will tee off today here on the par-72 Bali Golf and Country Club for the Bali Open championship. The four-day tournament, sanctioned by the Indonesian Golf Association (PGI) and included in the calender of events, is sponsored by the Udayana Military Command in commemoration of its 40th anniversary.

SEA Games contribution

SEA Games contribution From Neraca In its press conference held some time ago the management of the Indonesian National Sports Council (KONI) explained about SEA Games funding. It was said that funds to be collected would reach close to Rp 40 billion, which is a huge amount. Seventeen million stickers were printed and would be sold to telephone customers at Rp 1,000 each. The payment would be attached to telephone bills for five consecutive months.

Bre-X workers questioned

Bre-X workers questioned JAKARTA (JP): Police have questioned 12 Bre-X Ltd. employees as witnesses in the case of alleged swindle at the Busang gold mine in East Kalimantan, Antara reported yesterday. One of the employees, M. Ichsan Solichin, 20, told reporters yesterday that he was summoned by the Samarinda police detective chief Capt. Iswahyudi.

Govt won't guarantee bank loans for Timor car

Govt won't guarantee bank loans for Timor car JAKARTA (JP): Minister of Finance Mar'ie Muhammad said yesterday the government would not guarantee national car producer PT Timor Putra Nasional's bank loans. Mar'ie said the government guaranteed loans only for state budget financed bank loans. "We won't provide a government guarantee to Timor Putra. Even state firms cannot get a government guarantee to get loans from state banks. And remember, Timor is a private company," Mar'ie said. Bangun S.

Bus set on fire in South Jakarta

Bus set on fire in South Jakarta JAKARTA (JP): Angry residents set fire to a Kopaja bus after it hit and killed an eight-year-old girl near a traffic light on Jl. Warung Buncit, South Jakarta yesterday. A police sergeant at the South Jakarta Police precinct said the bus plying the Senen-Lebak Bulus route hit Dwi Handayani near the Jl. Warung Buncit-Pejaten Raya intersection at about 5 p.m. "Dewi was rushed to the Pasar Minggu Hospital, but she died on the way," the officer said.

Jakarta Fair to include housing expo

Jakarta Fair to include housing expo JAKARTA (JP): In a bid to make this year's Jakarta Fair more attractive to the public, the organizing committee plans to hold a housing expo. Forty developers have been invited to attend the housing expo which will occupy a 2,000-square-meter area, the organizer of the housing expo William Yioda said over the weekend. The Jakarta Fair is scheduled to run from June 14 to July 13.

Standard's training program

Standard's training program JAKARTA (JP): Standard Chartered's Asia Pacific Regional Training Center in Jakarta is currently running an advanced credit training program for over 20 top level banking executives from Vietnam. Participants of the one-week program include executives of the Bank for Foreign Trade of Vietnam, the Vietnam Bank for Agriculture, the Bank for Investment and Development of Vietnam, and the Vietnam Export Import Bank.

Two killed in road accident

Two killed in road accident BANYUMAS, Central Java: Two people were killed in a pileup involving motorcycles, a truck and a horse-drawn carriage (dokar) in the village of Plangkapan, Tambak district here yesterday. Local police said the collision occurred when a motorcycle ridden by Mujahirin, with his wife and their 10-month-old baby on the back, tried to pass a speeding truck.

Pepper cools off as RI's supplies rise

Pepper cools off as RI's supplies rise NEW DELHI (Reuter): Indian pepper prices are easing off record highs as supplies from Indonesia and other Southeast Asian countries begin to hit the market, trade officials and exporters said on Monday. Prices soared in April due to a squeeze in world supplies and growing demand from the United States. "Pepper prices are slightly down after we had hit record highs last month," said P.

Six snakes and rampage interrupt PDI rallies

Six snakes and rampage interrupt PDI rallies KEDIRI, East Java (JP): Six snakes interrupted a rally yesterday held by the government-sanctioned faction of the Indonesian Democratic Party (PDI) and attended by its chairman, Soerjadi. PDI Kediri branch chief Gondo Soedjito was midway through his introductory speech when the snakes were thrown onto the stage by unidentified people in the 5,000-strong audience.