Indonesian Political, Business & Finance News

Archive: 3 May 1997

57 articles found

30,000 lanterns for Jakarta Fair

30,000 lanterns for Jakarta Fair JAKARTA (JP): A myriad of Chinese lanterns are to be among the attractions at the June 14 to July 13 Jakarta Fair in Kemayoran, Central Jakarta. Of the 30,000 lanterns, 22 will be designed as dinosaurs, the National Monument and the Al Azhar Mosque. The Indonesia-China Friendship group will organize the lanterns. The lantern makers are from the Republic of China, one of 12 foreign countries which have confirmed participation in the fair.

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 Environment Program: Mengenal Lingkungan 3:35 Travel: Wisata Nasional 4:15 Regional News 4:30 Sports 5:30 TV Series: A Writer Exchange 5:55 Music 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 Campaign Program 7:45 TV Drama: Jimat 8:00 News: Lintasan Berita 8:05 Music: Tunas Vokalia 9:00 World News 9:30...

Stricter medical checkup for pilgrims needed: Observers

Stricter medical checkup for pilgrims needed: Observers JAKARTA (JP): A stricter medical examination for prospective pilgrims would be necessary to reduce the number of deaths during haj rituals, Moslem observers said yesterday. Chairman of the Indonesian Council of Ulemas (MUI) K.H.

Forging cultural identity through language

Forging cultural identity through language By Mochtar Buchori JAKARTA (JP): Have you ever changed your language? Your working language, for instance? If so, did you notice any changes within yourself? I had never thought this until recently when I encountered a short article about what it means to change one's language. The article was about someone who changed his language from "black English" in his childhood to "educated English" in his adult years.

PDI conflict drives people to traditional protest

PDI conflict drives people to traditional protest YOGYAKARTA (JP): The sun scorched the backs of eight Indonesian Democratic Party (PDI) members who were sun baking to protest the sidelining of party leader Megawati Soekarnoputri. Outside the Surakarta palace in Central Java last week, Novel, a sun-baking protester, said: "We're seeking the sultan's help to solve our problems." Novel was referring to Sri Susuhunan Pakubuwono XII, who reigns at Surakarta Palace.

Intimidation reduces crowd at PDI rallies

Intimidation reduces crowd at PDI rallies UJUNGPANDANG, South Sulawesi (JP): The Indonesian Democratic Party's (PDI) campaign is struggling because of government intervention and disturbances by supporters of the party's ousted leader, Megawati Soekarnoputri. PDI South Sulawesi chapter chairman Andi Hasis told The Jakarta Post that many party supporters in the villages in Bone and Takaral regencies had been intimidated by local administrators -- who were mostly Golkar supporters.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on May 2, 1997: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 1,025 0 0 AHAP Insurance 2,675 0 2,500 Alter Abadi 1,175 0 62,500 Alumindo Light Metal 1,125 0 536,500 Alumindo Perkasa 775 0 0 Aneka Kimia Raya 1,100 0 158,000 Anwar Sierad 825 -25 208,000 Apac Centertex Corp.

Hyun-chul may have hidden huge fortune: Reports

Hyun-chul may have hidden huge fortune: Reports SEOUL (AFP): South Korean President Kim Young-sam's son and his associates are suspected of hiding tens of millions of dollars and prosecutors plan to arrest the son on graft charges on May 10, press reports said yesterday. The prosecutors also found that the son, Kim Hyun-chul, had accepted some three million dollars directly from several firms and are investigating whether the money was kickbacks for influence peddling, the reports said.

U.S. female pilot coming to town

U.S. female pilot coming to town JAKARTA (JP): U.S. pilot Linda Finch is scheduled to land at Halim Perdana Kusuma airport in Jakarta on May 6, as part of her attempt to retrace Amelia Earhart's 1937 flight around the world. Finch is scheduled to arrive at 3:15 p.m. according to organizers from the Indonesian Aviation Association and U.S. airplane manufacturer Pratt & Whitney.

Foreign journos aim for Irian

Foreign journos aim for Irian JAYAPURA, Irian Jaya: Eleven foreign journalists will cover Indonesia's May 29 general election in Irian Jaya, an official of the provincial information office said Thursday. The 11 include reporters from CNN, AFP, AP, Japan's NHK and Mainichi Shimbun and Australia's Sydney Morning Herald, Soebardi told Antara. He said the 11 were among the 29 foreign journalists who had applied to cover the election.

Container terminal 'no longer in crisis'

Container terminal 'no longer in crisis' JAKARTA (JP): The pile up of containers at Tanjung Priok port due to the slow processing of customs documents eased after many were transferred to private container terminals, Minister of Transportation Haryanto Dhanutirto said. The minister said the flow of containers through the port was improving. "The congestion is no longer serious," he said Thursday after inspecting the container flow at the port, about 10 kilometers north of here.

Ending Japan domination

Ending Japan domination Japan has finally made true its threat to take Indonesia's national car policy to the World Trade Organization (WTO). On April 30, their complaint was formally submitted to the organization, which will meet on May 23. True enough, Japan is the country hurt most by the national car policy. The market for automotive products in Indonesia is largely controlled by Japanese manufacturers. The national car policy jeopardizes their economic interests.

Sanderson enters Indonesia

Sanderson enters Indonesia JAKARTA (JP): Sanderson, a London-based wallpaper and fabric producer, launched its new products here yesterday. The company's export manager, David Walker, said the 137-year- old company had targeted product sales in Indonesia of US$400,000 over the next five years. David Wiranata the director Sanderson's sole Indonesian distributor, PT Wira Duta Sarana, said his company had been selling Sanderson's products for three years. (13)

Where to go in Jakarta:

Where to go in Jakarta: Music * Dusit Mangga Dua, Jl. Mangga Dua Raya, Jakarta: - Equinox; Chorus Gold Band, Monday to Thursday, at 9 p.m. to 2 a.m., Friday to Saturday, at 9 p.m. to 3 a.m. - Lobby Bar; Piano and Singer, Monday to Sunday, at 6 p.m. to 9 p.m. * Omni Batavia Hotel, Jl. Kali Besar Barat 44 - 46, West Jakarta: - Brown Bar; Eksis Band, every Saturday 9 p.m. to 1 a.m. - Spice Market Restaurant; El Rithana Grup, Monday, Wednesday, Friday, 7 p.m. to 10.30 p.m.

25% of Cilacap area for industry

25% of Cilacap area for industry CILACAP, Central Java: Regent HM Soepardi said yesterday that a quarter of the Cilacap regency had been allotted for industrial estates. Soepardi said that large industries, such as PT Semen Nusantara and the Refinery Unit IV of the state-owned Pertamina oil company were operating in the area. "More big industries will be built in the future. The small industries have been growing," he said.

Acceptance and sincerity

Acceptance and sincerity From Neraca At the induction of PT Texmaco at Kiarapayung village, Karawang, West Java, on April 25, President Soeharto expressed his wish that there be no antagonism toward business tycoons. This is an interesting point to ponder. Subsequent comments on the statement are also worth noting. One such comment came from a group of Indonesian young entrepreneurs who wanted intensification of partnerships between big and small businesses.

Asian Games organizers ink $12-million contracts

Asian Games organizers ink $12-million contracts BANGKOK (AFP): The organizers of the 1998 Asian Games in Bangkok signed sponsorship and licensing contracts worth US$12 million yesterday, putting two weeks of turmoil within the organizing committee behind them. Japan's Toyota Motor Corp signed a $6 million sponsorship deal, while Football Thailand signed another agreement for the same amount covering merchandising and licensing for the 36- country games.

RI's high growth sustainable, economist says

RI's high growth sustainable, economist says JAKARTA (JP): Economist Dorodjatun Kuntjoro-Jakti predicted yesterday that Indonesia would continue to sustain high economic growth in the years to come and contain inflation at one digit. At a business lunch here, Dorodjatun said Indonesia had invested heavily in human resource development and infrastructure.

Meet 'cowboy' from Tegal

Meet 'cowboy' from Tegal TEGAL, Central Java: Mayor Muhammad Zakir knows how to exploit the election campaign to improve his own popularity. He turns up at almost every rally, whether it be run by Golkar, the United Development Party or the Indonesian Democratic Party. To show the public that he is truly acting as "an impartial referee" as the law requires, he appears not in traditional rally apparel and accessories but is in jeans, plaid shirt, dark waistcoat and hat.

Komnas won't force people to leave

Komnas won't force people to leave JAKARTA (JP): The National Commission on Human Rights denied yesterday that it would use force in dealing with 250 people who have been squatting at its office since April 24, a commission member said. Muhammad Salim said the commission wanted the Depok families to leave the office on Jl. Latuharhari, Central Jakarta. "But we don't want to use force," he added. The Central Jakarta Police Chief Lt. Col. M.

City to comply to new law on taxes and levies

City to comply to new law on taxes and levies JAKARTA (JP): Governor Surjadi Soedirdja said yesterday the municipality would comply to the new law on regional taxes and levies scheduled to begin on Jan. 1 next year. Surjadi said it would be "impossible" for the city rules to be against the law.

Bank DKI to issue Rp 500 billion in bonds this month

Bank DKI to issue Rp 500 billion in bonds this month JAKARTA (JP): The Jakarta administration-owned Bank DKI will issue Rp 500 billion (US$205.5 million) in bonds this month to expand its lending portfolio. The bank's president Soeharto said yesterday the bonds would mature in seven years and carry fixed and floating interest rates. "The interest rate will be fixed at between 14.5 and 15.5 percent for the first year," Soeharto said after the bond issuance presentation.

Four arrested for stealing logs

Four arrested for stealing logs BANJARNEGARA, Central Java: Four people were arrested Thursday for stealing pine logs from the Watubelah, Banjarnegara forest, security guards said yesterday. Samingan, 35, Amir, 30, Mustajib, 37, and Jumahad, 38, were caught felling pine trees in the forest by locals who suspected the "strangers" of stealing pine trunks from the forest. The security guards, in cooperation with local police, confiscated 24 pine trunks.

Rebels appeal to ASEAN to delay Myanmar's entry

Rebels appeal to ASEAN to delay Myanmar's entry BANGKOK (AP): Ethnic rebels still fighting Myanmar's military government appealed to members of the Association of Southeast Asian Nations (ASEAN) yesterday not to admit the Yangon regime while it still violates human rights.

Campaign schedule for Indonesia for May 3, 1997:

Campaign schedule for Indonesia for May 3, 1997: Party Campaign area Important campaigners ----------------------------------------------------------------- PPP Sumatra, Bali, West and Aisyah Amini, Hamzah Haz, Djufrie East Nusa Tenggara, Asmoredjo, Muhammad Buang, Rusjdi East Timor Hamka, Ridwan Ibrahim Lubis Golkar Java, Maluku, Irian Jaya Harmoko, Abdul Gafur, Siti Hardijanti Rukmana, Ary Mardjono, Achmad Moestahid Astary, Bambang Trihatmodjo PDI Kalimantan, Sulawesi Soerjadi, Yahya Theo,...

PPP and PDI say rules hurting campaigns

PPP and PDI say rules hurting campaigns JAKARTA (JP): The United Development Party (PPP) and the Indonesian Democratic Party (PDI) have blamed the government's floating mass policy for the failure of their indoor rallies. PPP media director Hisyam Usamah told The Jakarta Post yesterday that audiences' poor political education meant they could not understand the speeches at indoor rallies. The floating mass policy bars political organizations from having subdistrict and district offices.

It's holidays as usual in Bali

It's holidays as usual in Bali DENPASAR: Foreign visitors continue to flock to Bali, Indonesia's most famous island, unaffected by the election campaign which began April 27 and will end May 23. Head of the Bali tourism office, I Nyoman Sugiri, said yesterday it was even possible that more tourists would come in during the campaign period. "Foreign visitors will find these political activities very interesting," he was quoted by Antara as saying.

Golkar campaigner dies on podium

Golkar campaigner dies on podium KUDUS, Central Java: Abdul Rochim, a 60-year-old local Golkar campaigner, died while addressing a rally here Wednesday. Rochim, chairman of the Civil Servants Association in his home village of Mlati Norowito, is believed to have died of a heart attack. Sudarmono, an executive of the Kudus Golkar branch, said that Rochim was one of the party's best cadres. (pan)

Marathon likely to mark SEA Games closing ceremony

Marathon likely to mark SEA Games closing ceremony JAKARTA (JP): The 19th Southeast Asian (SEA) Games organizing committee wants to replace the soccer final with the marathon at the games' closing ceremony for security reasons. "It's too risky to stage the soccer final before the closing ceremony. As we know, our soccer supporters are too fanatical with their team and they dare to take risks.

Refund for converter box

Refund for converter box Recently I wrote to The Jakarta Post with a complaint that I had concerning obtaining a refund for a converter box I had received from Indovision. After you published my letter, I immediately received a call from the director of sales and marketing. When he telephoned, he had all my records immediately available. It was determined that the problem was twofold and was immediately cleared up to the satisfaction of both parties.

Polytama's secured notes rated B2

Polytama's secured notes rated B2 JAKARTA (JP): Moody's Investor Service has assigned a B2 rating to the proposed $200 million guaranteed secured notes due 2007 of Polytama International Finance B.V. The notes are guaranteed by PT Polytama Propindo (Polytama), an Indonesian chemical company. This is the first time Moody's has rated the debt of either of these entities.

Chinese ships depart disputed Spratly islands

Chinese ships depart disputed Spratly islands PUERTO PRINCESA, Philippines (AFP): Three of the four Chinese ships which were seen skirting the disputed Spratly islands have left the area following an official protest from Manila, a senior Filipino military official said yesterday. An unmanned structure built on a reef six nautical miles northeast of the Filipino-garrisoned island of Panata has also been "dismantled," Maj. Gen. Reynaldo Reyes told AFP.

Hunting phone number?

Hunting phone number? I read a letter from PT Kawasaki Motor Indonesia replying to Rudy in the Kompas daily dated May 1, 1997. At the end of the letter, a customer service telephone number is given, which is (021) 4523322. I have been looking for information on the Kawasaki Ninja for a long time. Its a new sport motorcycle model produced by PT Kawasaki Motor Indonesia. So, after finding the customer service number, I felt excited. I called, but nobody picked up.

Soeharto tells children not to depend on education alone

Soeharto tells children not to depend on education alone JAKARTA (JP): President Soeharto told Indonesia's children yesterday that their future fortune depended more on their initiative than their education. Citing himself, the President said not all children were able to go to university. But he stressed such people would not lose out if they could learn directly from society, which he described as "the best university." "Look at my own experience.

Megawati refuses to take responsibility for clashes

Megawati refuses to take responsibility for clashes JAKARTA (JP): The ousted leader of the Indonesian Democratic Party (PDI), Megawati Soekarnoputri, yesterday lashed back at suggestions that she was responsible for several campaign clashes with the party's government-backed Soerjadi faction. In a statement issued yesterday she said the commitment she made on April 23 -- that the PDI board under her leadership would not take part in the campaign -- still held firm.

Golkar supporters want better rice

Golkar supporters want better rice UJUNGPANDANG, South Sulawesi (JP): Golkar supporters are besieging their leaders with demands, even local teachers want better rice in their monthly rations. Other supporters want free school tuition, cheaper gasoline and typewriters for local administration offices in return for votes.

Then and now in classical Javanese dance

Then and now in classical Javanese dance By Ong Hok Ham JAKARTA (JP): The rich royal traditions of the palaces of Central Java, now all but a distant memory, were brought back to life in a recent performance of Javanese classical dances at the Gedung Kesenian Jakarta. The event was organized by Panecwara, a dance group led by renowned classical dancers including Maruti, Sentot, Sulestyo and Trisapto.

Yogie plays down PPP's protest

Yogie plays down PPP's protest JAKARTA (JP): The General Elections Institute's chief, Moch. Yogie S.M., played down the United Development Party's (PPP) decision yesterday not to campaign here and in Yogyakarta. "What's good about not campaigning?" Yogie, also the Minister of Home Affairs, told reporters. He said the government would ask the PPP to reconsider its decision. Yogie said the PPP had the right to decide whether to campaign. "If they want to stay away from campaigning, go ahead.

U.S. sanctions must not cloud issue

U.S. sanctions must not cloud issue ASEAN might rightly be irked at growing international concern at the prospect of the admission of the military regime of Myanmar. In making what will be a momentous decision, it needs to focus on the real issue -- and that is the aspirations of a population that conflict with those of military rulers.

Women's poverty, an alarming signal

Women's poverty, an alarming signal I was struck by an article in the Sunday edition (April 30, 1997) of the Media Indonesia daily titled Kemiskinan Perempuan (Women's poverty). The article was written by Prof. Dr. Saparinah Sadli, a member of the National Commission on Human Rights and the head of the postgraduate program for women's studies at the University of Indonesia. In that article, Prof.

Kia's car sales increase

Kia's car sales increase SEOUL (Reuter): Kia Motors, South Korea's second largest carmaker, reported yesterday sales of 72,353 vehicles in April, up from 68,373 a year earlier. Exports were 40,070 against 28,012 a year earlier and domestic sales 32,283 against 40,361, a statement said. "Exports to the United States, Europe and Indonesia increased steadily in April," said a Kia spokesman. But he did not give further details.

Modern Photo to set up a joint venture

Modern Photo to set up a joint venture JAKARTA (JP): The publicly listed PT Modernphoto through its subsidiary PT Honoris Industry plans to set up a joint venture firm with two Japanese firms, Mitsui & Co., Ltd of Japan and PT Mitsui Export Indonesia to produce electronic entertainment products. Finance Director Achmad F. Hasan said here yesterday the joint venture, PT Honoris Mitsui Electronic would have a paid-up capital of about US$70 million.

Share price slide on the JSX

Share price slide on the JSX JAKARTA (JP): Share prices on the Jakarta Stock Exchange (JSX) continued falling yesterday as local investors took profit on second and third line stocks, brokers said. A foreign broker said trading activities were relatively low with most foreign investors staying on the sidelines. "Local investors mostly focused on mid-sized stocks especially those in the new Morgan Stanley Capital Index (MSCI)," said one securities analyst from HSBC Securities Indonesia.

Myanmar seen joining ASEAN despite protests

Myanmar seen joining ASEAN despite protests By Bill Tarrant KUALA LUMPUR (Reuter): Myanmar will be duly sworn in as a member of the Association of Southeast Asian Nations (ASEAN) this year despite widespread criticism of its human rights record and U.S. opposition, analysts and diplomats said. ASEAN will endure a potential rebuke from the United States and Europe over the decision because Myanmar is important to ASEAN for strategic and economic reasons, they said.

French singer taken to immigration office

French singer taken to immigration office JAKARTA (JP): A French singer arrested in Bengkulu by immigration officials for not having a work permit was taken to the central immigration office Thursday. Marie Jose, 42, said she had married an Indonesian sailor, Engkus Kusama, in England in 1976. She said they came to Indonesia in 1977 and had a son who was now studying in Bandung.

11 PRD activists begin hunger strike on Int'l Labor Day

11 PRD activists begin hunger strike on Int'l Labor Day JAKARTA (JP): Eleven members of the Democratic People's Party (PRD) began a hunger strike on International Labor Day Thursday, the PRD said. The PRD, a small unrecognized organization, said the hunger strike was to protest the verdict against nine of them Monday and the ousting from the general election lists of the Indonesian Democratic Party's former chairwoman Megawati Soekarnoputri.

Dozens injured in clashes after PPP gatherings in Central Java

Dozens injured in clashes after PPP gatherings in Central Java PEKALONGAN, Central Java (JP): Dozens of people were injured in two clashes between supporters of the United Development Party (PPP) and hundreds of unidentified people. There are several versions of the brawls, which police say did not happen. The first fight happened in Kajen regency, about 25 kilometers south of here.

Rais for move of Kemang cafes to Kota

Rais for move of Kemang cafes to Kota JAKARTA (JP): The deputy governor for economic and development Affairs, Tb. M. Rais, said yesterday Kemang's businesses should move to Kota, West Jakarta. Kemang is a residential area and only 15 percent of its buildings should be non-residential. But this limit has been exceeded in Kemang. The suggestion was first made by Jakarta's museum and restoration agency head, Haswidi Ahmad, who such a move would help revitalize Kota.

Plaza Indonesia posts net profit of Rp 49b

Plaza Indonesia posts net profit of Rp 49b JAKARTA (JP): Publicly listed property company PT Plaza Indonesia Realty reported yesterday a net profit of Rp 49.8 billion (US$21.2 million) for 1996, up 20.7 percent on Rp 41.2 billion for 1995. The company's profit growth rate was lower in 1996 than its 29.7 percent increase in 1995 and 32.5 percent in 1994. But the profit margin rose to 27.88 percent last year from 25.9 percent in 1995 and 22.6 percent in 1994.

Turkey to host Moslem summit

Turkey to host Moslem summit ANKARA (Reuter): Turkey will host leaders from seven Moslem countries in June for a summit on economic cooperation championed by Islamist Prime Minister Necmettin Erbakan, a state minister said yesterday. The grouping, known as the Developing-Eight (D-8), met in Istanbul at the start of the year to consider the potential for joint projects in industry, finance and trade.

GCR buys RI oil stake

GCR buys RI oil stake LONDON (Reuter): Gulf Canada Resources Ltd (GCR) said yesterday it was buying a 12 percent stake in an Indonesian production-sharing contract from Seafield Resources Plc. The Gulf Canada acquisition is in the 3,500 sq km offshore Pangkah oil block off East Java. Gulf Canada will pay Seafield by funding both companies' share of this year's seismic and overhead costs and 24 percent of two exploration wells planned for next year.

PPP supporters fill streets of Semarang and Tasikmalaya

PPP supporters fill streets of Semarang and Tasikmalaya SEMARANG (JP): Tens of thousands of United development Party (PPP) supporters took to the streets here and in the West Java town of Tasikmalaya yesterday on their way to and from rallies. An estimated 50,000 supporters jammed the streets of Semarang while traveling to the outdoor rallies. Business centers, shopping complexes and gas stations closed and hundreds of soldiers and riot police guarded public places.

Piracy rife in RP and RI waters

Piracy rife in RP and RI waters KUALA LUMPUR (DPA): Waters around the Philippines and Indonesia remain the most prone to pirate attacks, accounting for more than half of the 34 piracy cases recorded around the world in this year's first quarter, the International Maritime Bureau's piracy center said yesterday.

Class action casts light on judiciary

Class action casts light on judiciary The lawsuit filed Thursday against the State Electricity Company (PLN) by the Indonesian Consumers Foundation (YLKI) for an eight-hour blackout throughout Java and Bali last month may have taken the public by surprise, given its uncustomary nature. Kastorius Sinaga, a lecturer in social sciences at the University of Indonesia's postgraduate program, ponders this event.

Great River gets $150m loan

Great River gets $150m loan JAKARTA (JP): Publicly listed PT Great River International secured a US$150 million syndicated revolving credit facility with a maturity of five years in Singapore yesterday. The company, a major integrated apparel manufacturer and distributor in Indonesia, said it would use the loan facility to increase its working capital. The facility was the single largest foreign debt syndication raised by the firm to date.

'Sad handing' campaign

'Sad handing' campaign SEMARANG: This year's election campaign is proving to be a nightmare for dozens of the rift-ridden Indonesian Democratic Party in the city and elsewhere in Java. Supporters of the government-recognized party leadership under Soerjadi have canceled campaigning in many places for fear of attack by loyalists of the dethroned party chief Megawati Soekarnoputri.

Furniture workers go strike

Furniture workers go strike UJUNGPANDANG: More than 50 workers of a furniture company on Jl. Ir. Sutami here protested yesterday, demanding an increase in daily wages. The workers of Singvlar Furniture, which is Taiwanese-owned, waved banners saying, "We won't be back to work until our demands are fulfilled". The workers said they wanted the company to pay them according to the regulation. "We are paid Rp 3,400 a day, or Rp 102,000 a month.