Indonesian Political, Business & Finance News

Archive: 4 June 1997

61 articles found

W. Java town calm after riot, shops remain closed

W. Java town calm after riot, shops remain closed JAKARTA (JP): The West Java town of Kadipaten, about 150 kilometers southeast of here, was calm yesterday as many shops remained closed following a riot Sunday and early Monday. West Java police spokesman Lt. Col. Istanto Judihardjo said the police had the subdistrict town under control but conceded that tension persisted in some areas. "The town has resumed its normal day-to-day activity although not all shops have reopened yet.

Election official found dead

Election official found dead JAKARTA (JP): An election official reported missing from a polling station in Pelabuhanratu, West Java, last Thursday was found dead at about 5 p.m. Monday, police said yesterday. The body of Ucip Toyib bin Sugandi, 35, was found with his hands tied behind his back with plastic cord, spokesman for the West Java police Lt. Col. Istanto J. said in Bandung.

Irianese endure hardship to cast their votes

Irianese endure hardship to cast their votes Text by Lela E. Madjiah and photos by Mulkan Salmona They cover long distances, many carrying toddlers and babies, tramping through dense, tropical jungles and across vast swamps, all to cast their ballots. For people in Irian Jaya, particularly those living in remote villages, taking part in the general election means sacrifice. They do it anyway, all in the simple hope that those in power will not forget them.

Court can't review laws, says Oetojo

Court can't review laws, says Oetojo JAKARTA (JP): The Supreme Court does not have the authority to examine the constitutionality of laws, Minister of Justice Oetojo Oesman said yesterday. "Laws are created by people and the government. They cannot be examined by anyone else," Oetojo said when asked to comment on former chief justice Purwoto Gandasubrata's remarks that the Supreme Court should be given the power to test all laws.

Soeharto to attend Islamic nations summit

Soeharto to attend Islamic nations summit JAKARTA (JP): President Soeharto is to attend the first summit of eight predominantly Islamic developing countries, known as the D-8, in Turkey on June 15, Minister/State Secretary Moerdiono announced yesterday. The president will leave for Istanbul on June 13 and return home June 16. He will be accompanied by Minister of Foreign Affairs Ali Alatas, Moerdiono, senior economist Widjojo Nitisastro, and ambassador-at-large Nana Sutresna.

Two arrested for robbery attempt

Two arrested for robbery attempt JAKARTA (JP): Police arrested two of three men yesterday for a robbery attempt of three employees from the Ministry of Public Works in South Jakarta. On Monday the employees of the Directorate General of Human Settlements had just withdrawn Rp 42 million (US$17,500) from the Bank Exim branch on Jl. Raden Patah, Kebayoran Baru. The money was for salaries of Directorate General employees. South Jakarta Police Chief Lt. Col.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on June 03, 1997: Share Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 1,325 50 174,000 AHAP Insurance 2,675 0 0 Alter Abadi 1,150 0 0 Alumindo Light Metal 1,125 25 381,500 Alumindo Perkasa 800 0 0 Aneka Kimia Raya 1,200 -25 2,593,500 Anwar Sierad 975 125 8,038,000 Apac Centertex Corp.

Telkom rates

Telkom rates I wrote recently to commend The Jakarta Post on the "vastly improved" quality of its writing (May 31, 1997), but ironically you mangled my letter by rewording parts and inserting and deleting at will. I look forward some day to commending you on the quality of your vastly improved editing. In any event, I am writing to correct the error.

S'pore seen remaining as ship repair center

S'pore seen remaining as ship repair center SINGAPORE (Reuter): Takeshi Tenjin, the executive chairman of Hitachi Zosen Singapore Ltd, said he was confident geography and infrastructure would ensure Singapore's role as key ship repair center, especially for tankers. He dismissed concerns of challenges from other regional centers like Indonesia or the Philippines, where yards remain in infant developmental stages.

PDI split on controversial House exit plan

PDI split on controversial House exit plan JAKARTA (JP): The government-recognized leadership of the Indonesian Democratic Party (PDI) was split yesterday on a controversial plan to relinquish its House of Representatives seats won in last Thursday's general election. PDI Secretary-General Buttu Hutapea said the party's post- election leadership meeting had been extended until today to make a final decision.

Poor to get mobile training units

Poor to get mobile training units JAKARTA (JP): President Soeharto launched a mobile vocational training program yesterday to help people in impoverished areas create jobs for themselves. The Ministry of Manpower has provided 370 vans as mobile training units for the 1997/1998 fiscal year to train a minimum of 35,000 job-seekers in villages across all 27 provinces except Jakarta.

Artist insulted

Artist insulted From Kompas The blossoming of local TV films (sinetron) on private channels has viewers nailed to their seats in admiration of their favorite stars. Viewers are captivated by the extraordinary blend of emotion and action. But do sinetron viewers know how sinetron productions are made? They know very little, and probably don't care that much as long as their favorite star makes an appearance. I felt insulted as an artist when I came face to face with an arrogant director.

New ASEAN states looking to join AFTA

New ASEAN states looking to join AFTA JAKARTA (JP): Cambodia, Laos and Myanmar are to submit their inclusion list of products for the Common Effective Preferential Tariffs (CEPT) scheme when they are admitted into the Association of Southeast Asian Nations (ASEAN) in July. The presentation of the CEPT inclusion list is one of the first steps taken to join the ASEAN Free Trade Area (AFTA).

Bakrie to launch multipurpose vans in December

Bakrie to launch multipurpose vans in December JAKARTA (JP): PT Bakrie Motor of the Bakrie Group plans to launch its own multi-purpose vans in December, the group chairman said yesterday. Aburizal Bakrie said the vans would have no less than 40 percent local content in the first year of production. "All tests on our prototypes will be completed by the end of next month and commercial production will start by November," Aburizal told vendors here yesterday.

Spotlight

Spotlight Photo A: Wedding JP/arh LASTING PARTNERSHIP: Ibnu Sutowo (right), a former chairman of the Indonesian Red Cross, congratulates businessman Sukamdani S. Gitosardjono. Sukamdani and his wife Juliah (second left) celebrated their 44th wedding anniversary at Hotel Sahid Jaya in Jakarta last Tuesday. Photo B: Military JP/msa MILITARY MOVES: Maj. Gen. Johny Lumintang (left), the chief of the Trikora Regional Military Command overseeing Maluku and Irian Jaya, speaks with Col.

Govt offices to be obliged to buy Timor cars

Govt offices to be obliged to buy Timor cars JAKARTA (JP): Minister of Industry and Trade Tunky Ariwibowo hinted yesterday that government offices and state firms would soon have to buy Timor sedans to prop up the national car's slumping sales. Tunky said compulsory purchases were needed to help the car's sales reach the target. "The government has money to spend.

Economic stability

Economic stability It should have been a surprise to big speculators to find out that the Indonesian financial market had not been jolted by wild fluctuations during the violence-marred election campaign. In fact, according to market analysts, several currency speculators had suffered big losses due to the strengthening of the rupiah immediately after the May 29 election.

Bank Rama expects net profit increase

Bank Rama expects net profit increase JAKARTA (JP): Publicly listed Bank Rama expects a net profit increase of between 10 percent and 20 percent this year to between Rp 26 billion (US$10.83 million) and Rp 29 billion, the bank's president said. Putu Antara said yesterday the moderate profit projection was in line with low growth in the bank's lending. Last year, the bank's net profit rose to Rp 23.98 billion from Rp 22.45 billion.

Police chief pays his condolences

Police chief pays his condolences DILI: National Police Chief Lt. Gen. Dibyo Widodo paid a surprise visit here yesterday to console the families of the Baucau ambush victims. Widodo was met at Comoro airport by East Timor Vice Governor Johanes Hariwibowo, local police chief Col. Jusuf Mucharam, and deputy head of Wira Dharma Military Command Col. Soekotjo HS. Soekotjo said that Dibyo would fly to Baucau on a special aircraft.

Soldiers work to build mutual trust with tribes people

Soldiers work to build mutual trust with tribes people YETTI, Jayapura (JP): "Esther, what is that you're carrying?" The little girl beams in response as her inquirer walks past her. It may be simple question, but it is a meaningful one when posed by a company commander in this remote area of Irian Jaya.

Pacific Rim growth poised to recover

Pacific Rim growth poised to recover SINGAPORE (AFP): Most Pacific Rim economies are poised for a sustainable economic recovery marked by low inflation in the next two years after growth slowed in 1996, a leading regional think- tank said here yesterday. The Pacific Economic Cooperation Council (PECC), which groups Asian, North and Latin American economies and Russia, forecast average gross domestic product (GDP) growth of 4.1 percent in the next two years for its members.

TV today

TV today TVRI 2:30 p.m. News: Lintas Nusantara 2:40 Travel: My Country 2:45 Family's Film: Road to Avonlea 3:10 Children's Program: Anak-Anak Indonesia 3:35 Talk Show: Kotak Pos 4:00 Regional News 4:30 Education Quiz: Cepat Tepat 5:10 TV Series: Topacio 5:55 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 General Election Results 8:00 News: Lintasan Berita 8:05 Quiz: Dewasa 8:30 Technology Program: by...

Bakrie sets up capital firm

Bakrie sets up capital firm JAKARTA (JP): The Bakrie Group has formed a venture capital company, PT Bakrie Modal Ventura, to support its small and medium business and cooperatives assistance program. Bakrie Group's president, Tanri Abeng, said Monday that Bakrie Modal Ventura would be supported by the group's three holding firms -- PT Bakrie Finance Corporation, PT Bakrie & Brothers and PT Bakrie Investindo -- and its other firms.

RP and China decrease heat

RP and China decrease heat MANILA (AFP): The Philippines and China have agreed to ease tension in their dispute over portions of the South China Sea, Philippine Foreign Secretary Domingo Siazon said here yesterday. "The report is they agreed to lower the temperature," Siazon said, after a meeting last week between deputy foreign ministers of both countries on the conflicting claims to the Spratly islands and Scarborough shoal claimed by both countries.

How to manage Indonesia

How to manage Indonesia If Indonesians know their rights and obligations, are tolerant and law-abiding, then I think running this country would not be a difficult job. Let us examine why it would not be difficult. First, we have a solid constitutional foundation which is the 1945 Constitution, and a strong philosophical guidance, Pancasila. So we know exactly how to lead a constitutional life, supported by the historically well-tested Pancasila philosophy. Second, people's aspirations.

Padang builds palm oil plant

Padang builds palm oil plant JAKARTA (JP): PT Inti Usaha Padang, a join venture between PT Tidar Kerinci Agung, PT Famili Raya and a Singaporean plantation company, is building a palm oil plant with US$50 million in Padang, West Sumatra. A company director, Jojo H.C. Policar, was quoted by Antara as saying that the factory was due to start operating at the beginning of 1998 with a daily production of between 150 tons of palm oil and 300 tons.

Foreign airlines withdrawal won't affect tourism: Haryanto

Foreign airlines withdrawal won't affect tourism: Haryanto JAKARTA (JP): The Minister of Transportation Haryanto Dhanutirto said here yesterday Indonesia's tourism and aviation industries would not be hurt if some international airline companies quit their services to Denpasar, Bali. The minister said no international airlines had notified the government about quitting their services to the popular tourist destination.

Voter turnout

Voter turnout I am truly amazed by the high voter turnout of almost 90 percent which, according to the Minister of Information, reflects the quality of people's political awareness. In comparison, countries considered more advanced than ours, such as France and the U.S., registered 32 percent and 51 percent abstentions respectively during their last general elections. Name and address known to the editor

Public urged to give input on next governor

Public urged to give input on next governor JAKARTA (JP): The Jakarta City Council urged the public yesterday to give input to the selection of candidates for the next governor. Council speaker M.H. Ritonga said that Jakartans could propose candidates to the council through its factions or directly to him. "We will wait for names of proposed candidates until June 20," Ritonga told a press conference.

Big sale in Yogyakarta

Big sale in Yogyakarta YOGYAKARTA: Many hotels and malls here are giving discounts of between 10 percent and 60 percent this month, Mayor R.H. Widagdo said yesterday. "The month-long discount marks the 50th anniversary of Yogyakarta which falls on June 7," he said. Natour Garuda and Matahari are among the hotels giving out discounts, he said, adding that department stores, furniture shops and other stores along the famous Jl. Malioboro were selling their products at discounted prices.

ASEAN to promote positive developments with Myanmar

ASEAN to promote positive developments with Myanmar JAKARTA (JP): The Association of Southeast Asian Nations' secretary-general pledged yesterday that the organization would hold frank and open talks to promote positive developments with Myanmar when it joins the grouping in July.

Is PM Mahathir gradually handing over power?

Is PM Mahathir gradually handing over power? By Juergen Dauth SINGAPORE (DPA): Malaysia's Prime Minister Mahathir Mohamad is giving himself a break. After 17 years in office, his designated successor Anwar Ibrahim is being handed the reins of power for two months. Political observers are speculating and the business world is looking on anxiously at this ordeal by fire.

Man gets 6 months for stoning officer

Man gets 6 months for stoning officer DILI: The district court here sentenced a man to six and half months in jail for assaulting a security officer last Christmas eve. Claudino Gutteres, aged 20, was the first of 16 people to be tried for their involvement in the Dec. 24 riot. which began after thousands of well-wishers greeting Dili Bishop Carlos Filipe Ximenes Belo scuffled with security authorities.

Why do violence incidents occur?

Why do violence incidents occur? By Makmur Keliat SURABAYA (JP): The recent election campaign, which has been marred by violence, has shattered the limbo of political stability in Indonesia. Of great significance is the Banjarmasin tragedy that claimed 123 lives. The tragedy turned the campaign from a "festival of democracy" into a rampage.

Citibank best foreign bank

Citibank best foreign bank JAKARTA (JP): United States' Citibank has been named best foreign commercial bank in Indonesia by Finance Asia magazine in its country Achievement Awards. The magazine described Citibank's penetration into the Indonesian market as impressive. Citibank received nine other country Achievement Awards for best foreign commercial bank, in Australia, Hong Kong, Japan, New Zealand, the Philippines, Singapore, South Korea, Taiwan and Thailand.

Two foreigners to be tried for passport forgery

Two foreigners to be tried for passport forgery JAKARTA (JP): A Malaysian woman and Chinese man will be tried for the forgery of two Indonesian passports, which were to be used to seek work in Japan, an immigration official said. Coordinator of immigration affairs at the Ministry of Justice city office, M. Iman Santoso, said immigration officials at Soekarno-Hatta International Airport were preparing to file suit.

Prosecutor engineering the trial: Defendant

Prosecutor engineering the trial: Defendant JAKARTA (JP): Eng San alias Hasan, a defendant at a murder trial in North Jakarta District Court, has said that prosecutor Andhi Nirwanto engineered the trial, where Eng San was the main suspect, to make him look guilty. "The prosecutor has slandered and accused me of doing things I never did. He even accused me of faking my illness, neglecting doctor and hospital certificates which confirmed that I was sick," Eng San said on Monday.

Witness wants arresting police officers tried

Witness wants arresting police officers tried BOGOR (JP): A businessman who testified in the Jagorawi robbery and murder case demanded that police who arrested him for another case be brought to court. Idfiel Jaya Anwar demanded that Bogor police pay him Rp 1 million in compensation and restore his good name and dignity. Idfiel, 36, was arrested by police right after he appeared as a witness in the Jagorawi case at Bogor District Court on May 21. His lawyers M. Sholeh Amin and J.

RI rebukes U.S. for poll remarks

RI rebukes U.S. for poll remarks JAKARTA (JP): Minister of Foreign Affairs Ali Alatas rebuked the U.S. State Department yesterday for its remarks about the Indonesian general election, calling them "inappropriate". "I've read the statement by the U.S. State Department spokesman, and I think it showed ignorance or lack of understanding of our system," Alatas said.

Italy boosts ties with RI

Italy boosts ties with RI JAKARTA (JP): A delegation of 27 Italian companies will visit Indonesia from June 11 to June 14 to strengthen bilateral trade relations, the Italian trade commission said here yesterday. Trade commissioner Michela Branca said the delegation would meet officials of the Investment Coordinating Board and members of the Indonesian Chamber of Commerce and Industry to explore investment and joint cooperation possibilities.

Indri gets Rp 10m from Wismoyo

Indri gets Rp 10m from Wismoyo JAKARTA (JP): Indonesia's Sri Indriyani, who retained her title at the Junior Weightlifting World Championship in Capetown last week, received a Rp 10 million (US$4,100) savings account from National Sports Council chairman Wismoyo Arismunandar yesterday. Indriyani, nicknamed Indri, won three gold medals after setting records in the snatch with a 75.5 kilogram lift, a 0.5 kilogram improvement on her previous best.

Govt to launch campaign to protect kids

Govt to launch campaign to protect kids JAKARTA (JP): The government plans to launch a national movement next month to protect children, Minister of Social Services Inten Soeweno said yesterday. She told reporters after the first plenary meeting to discuss the campaign that the responsibility for nurturing children did not lie solely with teachers or the government but with all of society.

Officers rebute testimony in Tanah Abang case

Officers rebute testimony in Tanah Abang case JAKARTA (JP): Five police officers, who testified at the trial of the Tanah Abang riot case, contradicted yesterday their own statements in dossiers submitted by police interrogators, lawyers said. Dozens of people, including those believed to be vendors at Tanah Abang market in Central Jakarta, attacked public buildings and set fire to Tanah Abang district office on Jan.

National shuttlers arrive without great celebration

National shuttlers arrive without great celebration JAKARTA (JP): No fanfare or big crowd was present and less than 100 people appeared in the VIP Lounge of the Soekarno-Hatta International Airport yesterday to cheer the arrival of new men's double world champion Sigit Budiarto and Chandra Wijaya.

Megawati loyalists shave their heads

Megawati loyalists shave their heads KEBUMEN, Central Java: The Indonesian Democratic Party's (PDI) election defeat was greeted with joyous laughter and a day-long party by Megawati loyalists in Gombong Monday. The party thrown by activist Rustriningsih peaked in dozens of youths shaving their heads. With shiny pates glistening in the sunshine, they paraded in open pick-up vans through the town, chanting pro-Megawati slogans.

Nickel prices shoot up in Asia

Nickel prices shoot up in Asia SINGAPORE (Reuter): Nickel prices shot up in Asian trade yesterday to US$7,215/20 at 0225 GMT after three-month metal closed on the London Metal Exchange (LME) on Monday at $7,025 on news workers at Inco Ltd.'s Sudbury nickel smelter in Canada have voted to strike. "That's why nickel is already up almost $200 in Asian trade," a senior dealer for a European metal trading company in Singapore told Reuters.

IFC invests in PT Berlian

IFC invests in PT Berlian WASHINGTON (AFP): A World Bank group financing private sector projects in developing countries on Monday said it had approved a US$42 million investment in an Indonesia shipping firm. The loan and equity financing package from the International Finance Corporation is for PT Berlian Laju Tanker (BLT), which specializes in carrying oil products, liquefied petroleum gas and asphalt.

S'pore dependence on Malaysia queried

S'pore dependence on Malaysia queried SINGAPORE (Reuter): Singapore members of parliament, leaping into a long-running row with Kuala Lumpur, urged the government yesterday to redouble efforts to reduce their country's heavy dependence on Malaysian water. Several told parliament Singapore should not be held to ransom by Malaysian threats to turn off the tap on pipelines which carry water across the narrow stretch of sea separating the two countries.

Perumka asked to further improve railway service

Perumka asked to further improve railway service JAKARTA (JP): Minister of Transportation Haryanto Dhanutirto urged state-owned railway company Perumka yesterday to further improve the quality of its services in order to cater to middle- income people in Greater Jakarta.

Input for soccer

Input for soccer From Kompas I am very concerned about the development of soccer in this country. Indonesia's soccer performance has been very low in Asia, let alone in the rest of the world. I am aware that in the past Indonesian soccer achieved a brilliant success in Asia. As a soccer fan, I would like to give some input into the Indonesian Soccer Association (PSSI). First, the players should be at least 1.8 meters tall. Look at the Japanese or Korean soccer players who average that height.

City waits for overseas votes

City waits for overseas votes JAKARTA (JP): The City Election Committee said it has received ballots from 108 overseas cities but is still waiting for mailed- in votes from Jakarta residents abroad. The committee has so far received 816,150 Jakarta City Council votes from overseas voters, up from 602,182 votes on Monday. As of 2:41 p.m. yesterday, the United Development Party (PPP) had 51,657 City Council votes from overseas votes, Golkar 749,499 and the Indonesian Democratic Party (PDI) 14,994.

RI shipping at its worst condition

RI shipping at its worst condition JAKARTA (JP): Indonesian shipping companies's share of the country's international cargo market has plummeted to an all-time low of 3.4 percent, the Indonesian Maritime Technology Association's chairman said yesterday. Suleman Wiriadidjaja said here that local shipping companies were losing ground due to increased competition from foreign shipping companies.

Charity night planned for Koran contest

Charity night planned for Koran contest JAKARTA (JP): The committee of a Koran-reading contest will hold a fund-raising night at the Grand Melia hotel here Thursday. Lily Abdurrachman Sayoeti, the head of the organizing committee, said Monday the Rp 4.5 billion (US$1.8 million) budget was insufficient to cover the cost of the event to be held in Jambi next month.

Rubber producers call for one export gateway

Rubber producers call for one export gateway JAKARTA (JP): The Indonesian Association of Rubber Producers (Gapkindo) called yesterday for only "one gateway" to be used to market rubber overseas. Gapkindo's chairman for Jakarta and other Java areas, Nur Nungkat, said having only one way of channeling rubber to the market would strengthen bargaining power. "Right now Indonesian producers are competing against each other.

Where to go in Jakarta:

Where to go in Jakarta: Music * 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. - Lotus Court Restaurant: Yang Cing, Traditional Chinese Music, Rio (pianist), 7 p.m. to 10 p.m. * Hotel Atlet Century Park, Jl. Pintu Satu Senayan, Central Jakarta: - Jasmine Lounge: Lucy and Bobby Trio Vocal, Monday, Friday, at 8 p.m.

Sampang revoting to go on despite PPP protests

Sampang revoting to go on despite PPP protests SURABAYA (JP): Today's election rerun in 86 polling stations in Sampang regency on Madura island will be valid even if the United Development Party (PPP) decides not to send any of its scrutineers, East Java Governor Basofi Soedirman said yesterday. The electoral rules allowed the head of a polling station to appoint volunteers as ballot scrutineers to represent any of the three parties contesting the polls, Basofi said.

Aceh 'Gurita' trials adjourned again

Aceh 'Gurita' trials adjourned again JAKARTA (JP): The trials of two men over the ferry accident near Aceh that led to 338 deaths in January 1996 were adjourned again on Monday because the public prosecutors could not produce their witnesses, Antara reported yesterday. The trials of two officials in the Banda Aceh court in connection with the Gurita sinking began in December and the court had hoped to wrap them up within six months. The two men have been charged with premeditated murder.

Companies employing youth get incentives

Companies employing youth get incentives JAKARTA (JP): Several provincial administrations are now giving incentives to companies in industrial estates which employ and offer part-ownership to young people. Minister of Industry and Trade, Tunky Ariwibowo, and State Minister of Youth Affairs and Sports, Hayono Isman, said yesterday the incentives were provided by the local governments of Semarang, Central Java, and Medan, North Sumatra.

Banjarnegara PDI protests over poll

Banjarnegara PDI protests over poll BANJARNEGARA, Central Java: The Indonesian Democratic Party (PDI) plans to withdraw its victorious candidate from the local legislative council here in protest at alleged vote-rigging. Banjarnegara PDI chief Subali Anwar Hidayat denied allegations yesterday that the decision was taken due to the party's poor showing in the general election.

Man arrested for kidnapping

Man arrested for kidnapping JAKARTA (JP): Police arrested a man Monday for kidnapping his former employer's five-year-old son on Jl. Raden Inten, in Duren Sawit, East Jakarta. City Police Spokesman Lt. Col. E. Aritonang said yesterday Rohim, 22, and a suspected accomplice, identified only as Ags, kidnapped the five-year-old boy, who was playing with a kite near his house at around 3 p.m. The boy's name was only revealed as Pu.

Vietnamese CEO found murdered

Vietnamese CEO found murdered HANOI (DPA): Vietnamese police said Monday that they now suspect a company executive found dead this weekend was murdered and that he was the key middleman between a state bank and an embattled private conglomerate, according to local press reports. "We are now suspecting murder," Maj. Col. Nguyen Manh Trung, deputy director of Ho Chi Minh's investigation department, was quoted saying in Thanh Nien newspaper yesterday.