Indonesian Political, Business & Finance News

Archive: 20 June 1997

59 articles found

USDA-stirs hot debate on coffee

USDA-stirs hot debate on coffee BOGOTA (Reuter): The latest U.S. estimate of coffee output in Brazil, Colombia and Indonesia has stirred heated debate in Brazil, where industry officials are openly challenging its accuracy. In Colombia, a leading industry official said he saw the debate as little more than a tempest in a cup of "cafezinho," however, since the figures from the U.S. Agriculture Department appeared more or less on target.

ADB's loan for RI

ADB's loan for RI MANILA (AFP): The Asian Development Bank (ADB) yesterday approved a loan of US$87.4 million for an Indonesian program to control communicable diseases, the bank said in a statement. The delivery of health services to 17 million people, including two million children below five years old, 10 million young adults and 25,000 with early-stage tuberculosis will be upgraded, the Manila-based bank said.

BDNI Capital expects robust growth

BDNI Capital expects robust growth JAKARTA (JP): The publicly listed PT BDNI Capital Corporation expects a 180.3 percent rise in its consolidated net profit this year to Rp 185 billion (US$75.81 million) from Rp 66.01 billion last year. BDNI Capital's president, Sujitno Siswowidagdo, said yesterday he was optimistic that the targeted amount would be achieved because of the expected profit increase of its recently acquired subsidiary, Bank Dagang Nasional Indonesia (BDNI).

Responsibilities of the press

Responsibilities of the press As quoted by the Minister of Information Hartono, President Soeharto harbors the hope that the entire national media continue to be aware of its responsibilities.

Student killed in toll road accident

Student killed in toll road accident JAKARTA (JP): One student died and seven others were injured in an accident yesterday on the Jati Bening toll road at kilometer six near Jatiwaringin, East Jakarta. Jeri Fit, 16, and seven friends, including Franco, Donaldus, Timoh, Judi and Kiki, were heading toward Pondok Gede when the accident occurred at around 3:15 p.m. The two other youths were not identified.

IPTN signs six new plane deals

IPTN signs six new plane deals PARIS (JP): Various deals were struck out of negotiations held here yesterday amid the thundering noise of new fighter planes making display flights at Le Bourget. Six such deals were signed at the PT IPTN chalet at Le Bourget, the venue of the on-going Air Show.

Student found dead in North Jakarta

Student found dead in North Jakarta JAKARTA (JP): A student was found bleeding to death behind a noodle restaurant in North Jakarta early yesterday morning, police said. City Police Spokesman Lt. Col. E. Aritonang said it was believed that 17-year-old Rudy Andiarto was stabbed. "Rudy was found bleeding with a deep chest wound at about 2:00 a.m. yesterday behind Dewa Kembar noodle restaurant on Jl. Raya Cilincing, North Jakarta," Aritonang said.

RP HIV cases rise to 902

RP HIV cases rise to 902 MANILA (AFP): Five babies tested positive for the AIDS-causing Human Immunodeficiency Virus (HIV) in the Philippines last month, raising the documented total to 902, government television said yesterday. It said the babies were tested by the health department.

Dharmala Intiland borrows

Dharmala Intiland borrows HONG KONG (Reuter): Indonesian property company PT Dharmala Intiland and a special-purpose company incorporated in the Netherlands have launched a US$45 million transferable loan certificates facility, arranger Overseas Union Bank said. The five-year loan is guaranteed by PT Dharmala Intiland and has a put option at the end of year four. The margin is 300 basis points over the Singapore Interbank Offered Rate.

Teater Koma's 'Sampek-Engtay' back in town

Teater Koma's 'Sampek-Engtay' back in town Text by Yenni Kwok and photos by Oka Budhi Yogaswara JAKARTA (JP): Once upon a time, long before Kartini's birth, a Banten-born, Serang-dwelling Chinese girl already had visions of women's emancipation. Engtay yearned to go to school. Disguising herself as a man, she left her hometown to study at a prestigious school in Glodok, Batavia (present day Jakarta).

Junior golf Open pulls numbers

Junior golf Open pulls numbers JAKARTA (JP): A huge field of about 150 junior golfers from ASEAN countries, New Zealand, Australia, Japan, South Korea and India will take part in the Tugu Pratama Amateur Junior Open Championship next month. The four-day tournament, which starts July 8, is one of the most prestigious junior tournaments sanctioned by Indonesia Golf Association. It will be held at the plush par-72 Matoa National Golf Club on Jakarta's the southern outskirts.

Aurora mining in Indonesia

Aurora mining in Indonesia SYDNEY (Reuter): Aurora Gold Ltd said on Wednesday it held sufficient supplies at its Mount Muro mine in Indonesia's East Kalimantan province to ride out a dry spell that has halted river barge traffic to the site. The water level of the Barito River has dropped to a level that is unnavigable for large craft, including the ocean-going barges used for the supply of stores to the mine site, it said.

WB says stronger measures needed to improve RI banks

WB says stronger measures needed to improve RI banks JAKARTA (JP): The government should adopt a more transparent, market-oriented strategy to solve banking problems and take timely action to penalize chronic offenders, the World Bank says. In its latest report on Indonesia, the World Bank says the government has been successful in its case-by-case approach to solving banking problems.

Jakarta expects 'to see governors from the military'

Jakarta expects 'to see governors from the military' JAKARTA (JP): Jakarta will see governors from the military for a long time to come, a political researcher said yesterday. Mahrus Irsyam of the University of Indonesia (UI) said military figures were appointed as Jakarta governors because of the city's strategic importance. "Jakarta is the country's capital and the governor should be able to maintain stable political conditions," Mahrus told The Jakarta Post yesterday.

RI swimmers to compete in Pan Pacific c'ships

RI swimmers to compete in Pan Pacific c'ships JAKARTA (JP): Indonesia's top swimmers will compete at the Pan Pacific championships in Fukuoka, Japan, in early August as their final preparation for the 19th Southeast Asian (SEA) Games. The swimming team's training coordinator, Lukman Niode, said yesterday the top athletes also had the option of competing at the Universiade (Student Games) in Sicily, Italy, at the end of August.

Arson suspected in shop fire

Arson suspected in shop fire DILI: Police suspect arson caused the fire which destroyed a shop and beauty parlor here early Wednesday. No injuries were reported in the fire that razed the Sigma Sport shop and Salon New Sakura at about 5 a.m. No possessions were recovered from the buildings. East Timor police chief Col. Atok Rismanto said his personnel needed a few more days to decide the fire's cause.

IPTN and 'Post' dispute talks to resume Tuesday

IPTN and 'Post' dispute talks to resume Tuesday JAKARTA (JP): The dispute pitting the state-owned aircraft manufacturer IPTN against The Jakarta Post daily is hanging in the balance although they agreed yesterday to keep working for an out-of-court settlement. Both parties' lawyers said after their second meeting, which lasted two hours, yesterday that they were making progress. They will report the results of the meeting to their clients before resuming talks next Tuesday.

Where to go in Bali:

Where to go in Bali: Music and entertainment * Bali Cliff, Pecatu: Frog Dance, Saturday; Balinese Theater, Ramayana Ballet, Monday; Kecak Dance, Tuesday and Saturday; Legong Dance, Wednesday; Mask Dance, Thursday; Jegog Orchestra, Friday; Tektekan Calonarang, Sunday, from 8.30 p.m. * The Ritz Carlton Bali, Jl. Karang Mas Sejahtera, Jimbaran: - Sami Sami Restaurant: Batak Folk Songs, 7 p.m. to 10 p.m. - Padi Restaurant: Keroncong, nightly, 6 p.m.

PT Indorama sets net profit target of Rp 148 billion

PT Indorama sets net profit target of Rp 148 billion JAKARTA (JP): Publicly listed polyester producer PT Indorama Synthetics has set a net profit target of Rp 148 billion and sales target of Rp 934 billion this year and is preparing capacity expansions to support their goals. Indorama's Managing Director S.P.

Fighting book piracy

Fighting book piracy As could have been expected, the annual Indonesian Publishers Association book fair, which opened at the Senayan Sports Hall a few days ago, once again put the spotlight on a serious malady which has afflicted members of the association for longer than one can remember. The disease is called book piracy. So far it has proven to be been incurable, and it is almost literally, bit by bit, eating the flesh off those whom it afflicts.

Mudrick clashes with officials

Mudrick clashes with officials SURAKARTA, Central Java: The chief of the United Development Party's (PPP) local chapter, Mudrick Sangidoe, clashed with public order officials over the party's banners Wednesday. Mudrick tried to snatched a PPP banner from the officials in a main street. The officials had been removing the banners, which carried messages on cleanliness. Officials said the banners, erected by the PPP and the mayoralty, had to be replaced with ones on the city's 51st anniversary.

Unions try to stall manpower bill debate

Unions try to stall manpower bill debate JAKARTA (JP): Two trade unions urged the House of Representatives yesterday to postpone debate on the controversial manpower bill so that legislators would have more time to seek submissions. The government-sanctioned Federation of All-Indonesia Workers Unions (FSPSI) and the unrecognized Indonesian Prosperous Workers Union (SBSI) coincidentally went to the House to press their demands.

Local issues a new challenges to RI diplomacy

Local issues a new challenges to RI diplomacy By A.K.P. Mochtan JAKARTA (JP): Foreign policy is not limited to ensuring constructive relations among nations. Its other crucial functions include representing and explaining domestic developments to the international community. Unfortunately, the domestic scene, as Indonesia is learning, is not always picturesque.

UN hopes for better talks on East Timor

UN hopes for better talks on East Timor UNITED NATIONS (Reuter): The United Nations hopes a meeting yesterday between the foreign ministers of Indonesia and Portugal to discuss the tricky question of East Timor will lead to more substantial talks on the issue. A senior U.N. official said the aim was to hold a round of working talks by mid-July, possibly in New York, and then to keep the momentum going with subsequent sessions.

Customs' EDI hit by problems

Customs' EDI hit by problems JAKARTA (JP): The customs electronic data interchange (EDI) system is still beset with problems and only 222 or 2.7 percent of the 8,000 licensed importers have been connected to the system, importers told a seminar here yesterday. Chairman of the Indonesian Importers Association (Ginsi) Amirudin Saud told the seminar on EDI that more than 10 weeks after its launch only 222 importers were on line to customs' EDI.

Textile industry needs revamped machinery

Textile industry needs revamped machinery JAKARTA (JP): Textile industry analyst Chamroel Djafri urged textile and garment companies yesterday to upgrade old plant equipment and machinery to remain internationally competitive. Djafri said technology enabled textile companies in developed countries to compete in developing countries despite higher labor costs.

Tarmizi Taher criticized over blood statement

Tarmizi Taher criticized over blood statement YOGYAKARTA (JP): Moslem leaders and activists strongly protested yesterday Minister of Religious Affairs Tarmizi Taher's recent statement that rioters are allowed to be killed. The Forum of Yogyakarta Non-governmental Organizations condemned Tarmizi's statement as an arbitrary interpretation of Islamic law.

RI-U.S. relations survive strains

RI-U.S. relations survive strains Some irritant issues have unfolded in Indonesia-United States relations in recent weeks, including the U.S. State Department's remarks on the Indonesian election and the cancellation of the F- 16 jets purchase. Vice Governor of the National Resilience Institute, Juwono Sudarsono, examines the issue. JAKARTA (JP): In the past week, Indonesia has been the focus of American attention in three conferences held almost simultaneously at three different campuses.

Hexindo Adiperkasa revises sales target upwards

Hexindo Adiperkasa revises sales target upwards JAKARTA (JP): PT Hexindo Adiperkasa, a publicly listed heavy equipment company, has revised upwards its sales projection for this year after an unexpected rise in demand. Company vice president Husny Effendy said yesterday that sales, initially projected to fall substantially, would increase 20 percent this year to Rp 300 billion (US$125 million). "We first projected that our sales would drop this year because of the general election (in May).

Minister warns about trade liberalization

Minister warns about trade liberalization JAKARTA (JP): State Minister of Investment Sanyoto Sastrowardoyo warned yesterday that Indonesia would become a victim of global trade liberalization if it failed to prepare itself. Speaking before 200 experts and cadres of the ruling Golkar in Ujungpandang yesterday, he said that trade liberalization would open every country's market to every country's products and investment. "As a result, competition will be increasingly tougher.

Floating guesthouse for tourists

Floating guesthouse for tourists BANJARMASIN, South Kalimantan: Foreign and domestic tourists wishing to see water buffaloes in the Danau Panggang subdistrict, South Kalimantan, will soon be able to stay in a floating guesthouse, Antara reported. "The floating guesthouse will be built on a swamp in the heart of South Kalimantan," Hulu Sungai Utara Regent Suhailin Muchtar said here Wednesday. The floating guesthouse will cost Rp200 million (US$ 86.956) to build.

Dong-Ah loses license

Dong-Ah loses license SEOUL (AFP): South Korea's construction giant Dong-Ah Group yesterday lost one of its licenses as a penalty for shoddy construction of a main Seoul bridge which collapsed in 1994, killing 32 rush-hour commuters. The construction and transportation ministry said it had withdrawn Dong-Ah Construction Industrial Co's license to build steel structures.

Govt to hold seminar on corruption next month

Govt to hold seminar on corruption next month JAKARTA (JP): The government is to invite ministers, scholars and critics to speak in a seminar on bureaucracy next month to delve deeply into the problem of corruption. State Minister of Administrative Reforms T.B. Silalahi said yesterday the government would use the speakers' criticism and suggestions to improve the performance of civil servants to make a clean and efficient government. The seminar will be held from July 7 to July 9.

Where to go in Jakarta:

Where to go in Jakarta: Music * Hotel Horison, Jl. Pantai Indah, Taman Impian Jaya Ancol, North Jakarta: - The Anging Mamiri Garden: Fantastic Group from Philippines, Ever Green Hawaiian Band/Orkes Keroncong, Hula-hula Dances, every Saturday Night, 7 p.m. to 10:30 p.m. - Nelayan Bar: Sandra Lintang, Yully, Purwanto (electone & singers), Monday to Sunday, 9 p.m. to midnight. - Pondok Samudra: Dolimas Vocal Group, Saturday and Sunday, 7:30 p.m. to 10:30 p.m.

New directorate to spur privatization program

New directorate to spur privatization program JAKARTA (JP): The government has established a new directorate general at the ministry of finance to manage the privatization of state-owned companies in Indonesia. Ministry of Finance spokesman Agus Haryanto said yesterday that the new directorate would prepare state-run companies which have the potential to enter the privatization program by means such as selling some of their shares to the public.

Fire razes police houses

Fire razes police houses JAKARTA (JP): A fire destroyed four homes at a police housing complex on Jl. K.S. Tubun, Slipi, West Jakarta. No fatalities were reported. The fire, which started at 7:05 p.m., originated from a house belonging to a retired police officer, said Suprijadi, a chief of the West Jakarta Fire Department. There are 389 families of both retired and active police officers living in the complex, built in 1951.

WB aids RI's auditors

WB aids RI's auditors WASHINGTON (DPA): The World Bank announced Wednesday approval of a US$16.4 million loan to Indonesia to help improve government auditing of public finances and make allocation of resources more efficient and effective. The total cost of the BPK Audit Modernization Project is estimated at $26.6 million, the bank said. The funding shortfall will be made up by the Indonesian government. BPK is Indonesia's government auditing board.

S'pore joins UN environmental push

S'pore joins UN environmental push SINGAPORE (DPA): Singapore has announced it will team up with Brazil, Germany and South Africa to launch a collective initiative aimed at stepping up environmental protection efforts by the United Nations, news reports said yesterday. The initiative would focus on shielding the earth's climate and forests, and on problems of urban development, Singapore officials said.

Let the voters decide

Let the voters decide From Media Indonesia I would like to comment on the idea of Golkar giving its surplus votes to PDI. My office colleagues and I voted for Golkar in the general election because we are convinced that Golkar will be able to channel our aspirations, such as the realization of a just and prosperous society. It will be very disappointing if Golkar gives its surplus votes to PDI, which means that Golkar is disrespecting the people's confidence.

TV today

TV today TVRI 2:30 p.m. News: Lintas Nusantara 2:40 Travel: My Country 2:45 Children's Film: Kelly 3:10 Children's Dances 3:35 Talk Show: Sambung Rasa 4:00 Regional News 4:30 Student's Quiz: Cerdas Cermat 5:10 Film: Home Green Home 5:25 Variety Show: Country Tracks 5:30 Music: The 27th Package 6:00 News: Lintasan Berita 6:05 Nusantara, The Beloved Country 6:15 Village Program 6:30 TVRI News 7:00 Evening News 7:35 Development Program: Dynamic 8:00 News: Lintasan Berita 8:05 Music: Kenangan Masa...

Visitors buy uphomes at Fair

Visitors buy uphomes at Fair JAKARTA (JP): Low cost homes are one of the hot offers at the recently opened Jakarta Fair -- transactions have reached Rp 30 billion in barely a week. William Yioda, the organizer of the developers' stand at the fairgrounds in Kemayoran, said Wednesday low-cost homes took the major share of sales among the 36 stands.

RI sends 3 players to Asian C'ship

RI sends 3 players to Asian C'ship JAKARTA (JP): The Indonesian Billiard and Snooker Association will send three players to the Asian Nine-Ball Championships in Seoul from June 26 to June 29. Robby Suarly, Eddy Hartono and Nurdin will use the event as preparation for the 19th Southeast Asian Games, which will be staged here from Oct. 11 to Oct. 19. Indonesia is aiming to win four of the 12 golds on offer at the Games.

Blanco's Bali affair gets televised

Blanco's Bali affair gets televised By K. Basrie UBUD, Bali (JP): It was the mid 1950s. A vessel from Singapore sailed through the Malacca Strait bound for this tourist resort island. Among the passengers was a 23-year-old Spanish artist, Don Antonio Blanco. He read books to kill time. One day, Blanco felt asleep with a book on Bali on his lap. He dreamed that he met a beautiful fairy who would be the main model for his future paintings.

Five new military stations inaugurated

Five new military stations inaugurated JAKARTA (JP): Jakarta Military Commander Maj. Gen. Sutiyoso inaugurated five new military sectors in Jakarta, Tangerang and Bekasi yesterday. Sutiyoso, whose jurisdiction covers the city's outskirts, said the operation of the military stations (Koramil) were needed to improve public services and territorial supervision.

Museum for the late First Lady

Museum for the late First Lady JAKARTA: President Soeharto endorsed a plan yesterday to build a museum dedicated to the late First Lady, Mrs. Tien Soeharto so long as it does not aimed at making a cult of her. "The museum is to honor her contribution to the nation's development," State Minister of Women Roles Mien Sugandhi said after meeting Soeharto to discuss the plan. Mrs. Tien Soeharto died on April 28 last year. Her body was buried at a family mausoleum in Giribangun, Surakarta.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on June 19, 1997: Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 1,550 0 147,500 AHAP Insurance 2,675 0 0 Alter Abadi 1,025 -25 1,000 Alumindo Light Metal 1,125 0 182,000 Alumindo Perkasa 875 0 2,000 Aneka Kimia Raya 1,275 25 757,000 Anwar Sierad 975 0 430,500 Apac Centertex Corp.

South Korean faces one year imprisonment

South Korean faces one year imprisonment JAKARTA (JP): A prosecutor at the West Jakarta District Court demanded a one-year jail sentence for a construction superintendent. Defendant Byung Woo Lee, 38, was found guilty of neglect which led to the death of three workers and the injury of five others on March 22 last year.

RI wheat imports may reach 5m tons

RI wheat imports may reach 5m tons LONDON (Reuter): Indonesia may import at least five million tons of wheat for its flour mills by the year 2000, with Australia capturing the bulk of the business,a top Indonesian miller said yesterday.

Where to go in Surabaya:

Where to go in Surabaya: Music and Entertainment * Tunjungan Crystal Hotel, Jl. Tunjungan 102-104: - Lounge Bar: Stief's Band, Tuesday, Thursday, Saturday, open at 8 p.m. to 12 p.m. * Mirama Hotel, Jl. Raya Darmo 58-76: - Mirama Bar: Desire Band, Monday. Cigma Band, Tuesday. Abouwhim VG and Bubi Chen Virtuoso Band, Wednesday. Abouwhim Band, Thursday. HI Beat Band and Zombhie Group, Friday. The Player's and Surabaya VG, Saturday. Hazztoria, Sunday. - Kendedes Restaurant: Zombhie VG, Friday.

The Listening Post

The Listening Post "Building English Skills Through Newspaper + Radio" Produced by American Language Center in cooperation with The Jakarta Post and Radio Sonora FM 100.9 Mhz * The revitalization of the Philippines is a cause for rejoicing, and not just for the Filipinos. Political stability, new growth in the economy, and a general feeling of optimism and hope among the citizens of that archipelago is good news for the whole region, as ASEAN comes ever closer.

Missile reports strike at Indo-U.S. ties

Missile reports strike at Indo-U.S. ties By Nelson Graves NEW DELHI (Reuter): U.S. reports that India has moved ballistic missiles to a site near Pakistan have re-ignited distrust that New Delhi and Washington had sought to consign to the Cold War past. Indian policymakers and defense analysts said U.S. newspaper reports that India had shifted new surface-to-surface Prithvi missiles to within 100 km (60 miles) of its border with Pakistan had prompted predictable denunciations from Islamabad.

U.S. policy on RI not hurt by 'money links'

U.S. policy on RI not hurt by 'money links' WASHINGTON (Reuter): The State Department said on Wednesday there was no truth in suggestions that U.S. policy on Indonesia had been paralyzed by a controversy over President Bill Clinton's links to Asian money. "That's nonsense," department spokesman Nicholas Burns said of the allegation in a published report that quoted U.S. diplomats in Jakarta as saying this was the "first tangible example" of the affair hurting U.S. foreign relations.

Bogor bear

Bogor bear I was pleased to see the photo of the captive sun bear at Jl. Pajajaran No. 6, Bogor, in The Jakarta Post. I have regularly observed this particular bear since I first noticed it close to our home in Bogor last year. The animal's cage is located near a busy road, clearly unsuitable conditions for a captive animal. This is not just my personal opinion, but is shared by other residents as I have often heard them saying in my homeward-bound angkot.

PPP, PDI urged to accept offer on vote trading

PPP, PDI urged to accept offer on vote trading JAKARTA (JP): The government continued its bid yesterday to increase the number of Indonesian Democratic Party (PDI) seats in the House of Representatives, suggesting that the credibility of the country's political system would otherwise suffer.

PT KIA will spend $350m on expansion

PT KIA will spend $350m on expansion JAKARTA (JP): PT Keramika Indonesia Assosiasi (KIA), a major local producer of roof and floor tiles, will spend about US$350 million in the next two years to raise its production capacity, its president said. After the annual shareholders meeting here yesterday, KIA president Sugiarta Gandasaputra said production had to increase to anticipate next year's strengthening property market. "The property market has been sluggish in the last few years.

Marzuki calls for new law to curb money laundering

Marzuki calls for new law to curb money laundering JAKARTA (JP): Indonesia needs a special law to curb money laundering activities through the country's banking industry, a senior official said here yesterday. Chief of the Ministry of Finance's monetary and financial analysis agency, Marzuki Usman, said the introduction of such a law was urgently needed to detect the inflow of illegal money from overseas.

Johor beggars to get job training

Johor beggars to get job training KUALA LUMPUR (DPA): Beggars and vagrants in Malaysia's southern Johor state will be given grants and training to learn new skills to get them off the streets, a newspaper reported yesterday. Johor Welfare Department Director Mohamed Kodri Omar was quoted as saying by the Star daily that job training for beggars can help meet a current shortage of skilled labor in the state and contribute towards nation building.

No third party behind drivers' strikes: Sutiyoso

No third party behind drivers' strikes: Sutiyoso JAKARTA (JP): Jakarta Military Commander Maj. Gen. Sutiyoso ruled out allegations that a third party was behind the strikes in the past few days. He said the strikes reflected the "pure" actions of drivers, and added he was ready to mediate between public transportation drivers, the City Land Transportation Agency (DLLAJ) and the Organization of Land Transportation Owners, Organda.

Is PPP entitled to file a lawsuit?

Is PPP entitled to file a lawsuit? By Bambang Widjojanto JAKARTA (JP): The election is behind us, leaving only the memory of the hurly-burly of campaigning and the excitement of voting. Now, we are waiting on the final results of ballot counting. Meanwhile, protests questioning the validity of ballot counting and the election process are rife.