Indonesian Political, Business & Finance News

Archive: 5 July 1997

67 articles found

Expert: Research key to understanding TV viewers

Expert: Research key to understanding TV viewers JAKARTA (JP): Mass communications expert M. Budyatna said yesterday that comprehensive audience research should be done to understand Indonesians' televisions preferences. Television programs, especially talk shows and sinetron serials, have caused public complaints and objections recently. The new Minister of Information, R.

Asia's booming oil demand seen problematic

Asia's booming oil demand seen problematic TOKYO (Reuter): Asia's booming demand for oil could cause major supply problems in the years to come, an influential Japanese business group says.

Enphants enter SE Asia

Enphants enter SE Asia TAIPEI (DPA): Les Enphants Co Ltd, Taiwan's largest children's clothing company, plans to expand its business in Southeast Asia with stores in Singapore, Malaysia and Vietnam, the company said yesterday. Since it was founded in 1961, the company -- which makes and sells clothes for infants and youngsters under 16 -- has opened 160 Les Enphants stores in Taiwan. It began overseas expansion in 1993 by launching Les Enphants stores in China, Indonesia and Thailand.

Asian debaters show silence is not golden

Asian debaters show silence is not golden By Achmad Nurhoeri Two university teams represented Indonesia in the 4th Asian Inter Varsity Debating Championship in Singapore from May 19 to May 25. Achmad Nurhoeri, a member of the University of Indonesia's team, and his coach Ruli Manurung discuss both the contest and whether debating has a place in Indonesian society. SINGAPORE (JP): The motion at hand is that debating is an Asian value.

Retno Maruti spins dance magic 'Dewabrata' drama

Retno Maruti spins dance magic 'Dewabrata' drama By Sal Murgiyanto JAKARTA (JP): Choreographer Retno Maruti's latest work Dewabrata, an operatic Javanese dance drama, mesmerized local dance lovers in recent performances.

Painter angered by planned tax

Painter angered by planned tax DENPASAR, Bali: The owner of the Museum of Classical Balinese Paintings, Nyoman Gunarsa, has threatened to sell 517 paintings from his 30-year-old collection and turn the museum into a business if he has to pay tax. "If taxes are imposed on my museum, I will sell my collection, including the centuries-old classical Balinese paintings," he said Thursday. He was quoted by Antara as saying that museums should not have to pay tax.

Police defend bank scam suspects' detention

Police defend bank scam suspects' detention JAKARTA (JP): Police defended yesterday the arrest and detention of businessmen over the Bank Arta Prima scam after lawyers for five of the seven suspects said they should be freed. City Police Chief Maj. Gen. Hamami Nata said that police handling the case had followed procedures correctly. Hamami said that if the lawyers were unhappy with police handling of the case, the law allows them to sue police for alleged violation of arrest procedures.

Logograms and professionalism

Logograms and professionalism From Kompas The fact that there is now much talk about problems related to logogram designing competitions is evidence of graphic designers' concern of their role as service providers in the creation of a corporate identity. One problem is the misjudgment of a graphic designer's work, especially in the final selection when the subjectivity of the company's top management is the final word.

Taxi driver finds it hard to survive in capital

Taxi driver finds it hard to survive in capital By Listiana Operananta JAKARTA (JP): How long can a human endure unbearable suffering? Forever, says Walter Siahaan, 51, a taxi driver who sees his life going downhill. Siahaan has been a taxi driver for 22 months, the first 12 months with President Taxi, and the last 10 months with Gamya. He said the job was not what he dreamed of. "But it was the only one I could get," the father of two daughters said. Siahaan had quite a tale to tell.

Japanese films to be screened

Japanese films to be screened JAKARTA (JP): The Japanese Cultural Center will show two films from Japan from July 10 to July 16. One of the films is A River Without a Bridge (Hashi No Nai Kawa), which organizers said was adapted from a best-selling novel of the same name by Sue Sumii, who died on June 16. The film to be screened in honor of the late writer is about the struggle and relationships of a group of people being discriminated against in Japan.

Evaluating teachers

Evaluating teachers From Media Indonesia I watched part of the AN-teve talk show hosted by Eko Syahrudin who interviewed Prof. Sarjono Jatiman and Prof. Achmady. At the end of the discussion, it was said the education sector should be capable of forming students who are ready to take on professional responsibility in the widest sense. It was also mentioned that the lack of development in education is the teachers' curbing of the students.

Manila bans phone use while driving

Manila bans phone use while driving MANILA (AP): Authorities have banned the use of cellular phones while driving in metropolitan Manila to prevent accidents on the road. The Metropolitan Manila Development Authority said yesterday the ban took effect last Saturday and violators would be fined 200 pesos (US$8). Traffic enforcers have reported that many vehicular accidents have been caused by drivers talking on their cellular phones and not paying attention to the road.

Uptrend seen in fuel oil prices

Uptrend seen in fuel oil prices SINGAPORE (Reuter): Singapore high sulfur fuel oil prices were rangebound yesterday but the current healthy trend was expected to continue in the near term, traders said. Late in the Asian trading day, July loading cargoes were bid at US$98.50 per ton and offered at $99.00. Despite the narrow range between bids and offers, no deal was concluded. Quotes were rangebound, staying between recent levels of $97- $99, traders said.

Bus owners seek soft loans and tax reduction

Bus owners seek soft loans and tax reduction JAKARTA (JP): The Organization of Land Transportation Owners (Organda) city branch called for lower bus prices, soft loans and less taxes yesterday after the Minister of Transportation turned down a planned regular bus fare hike of Rp 200 (8 U.S. cents). City branch chairman of Organda, Aip Syarifuddin, said until now, there was no government assistance for public transportation providers.

S'pore hangs five criminals

S'pore hangs five criminals SINGAPORE (Reuter): Two Thais and an Indonesian were among five men hanged in Singapore yesterday for crimes ranging from murder to drug trafficking, the prisons department said. The Thais, Samlee Prathumtree, 45, and Khampun Sriyotha, 31, both construction workers, were found guilty in November 1995 of murdering fellow Thai worker Somwang Yapapha, 35, a department statement said.

ASEAN draws up investment plan

ASEAN draws up investment plan MANILA (AFP): The Association of Southeast Asian Nations (ASEAN) has agreed to complete a framework by 1998 for the creation of an ASEAN Investment Area to lure region-wide investors, it was announced here yesterday. The agreement was reached at a meeting of the heads of investment agencies of the ASEAN nations, held in the Philippines this week, said Melito Salazar, director of the Philippine Board of Investments.

Unocal embarks on study to build Thai gas pipeline

Unocal embarks on study to build Thai gas pipeline SINGAPORE (AFP): U.S. energy giant Unocal Corp. said here yesterday it had embarked on joint venture study with Thai and Japanese parties to build a natural gas pipeline in Thailand costing up to US$1 billion. Based on the plans, the pipeline from the eastern seaboard to northeastern Thailand would carry gas from the Gulf of Thailand to supply energy to mining and related industries in the region.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on July 4, 1997: Shares Close Change Trading Volume ------------------------------------------------------ Ades Alfindo 1,275 50 103,500 AHAP Insurance 2,900 0 0 Alter Abadi 1,000 0 0 Alumindo Light Metal 1,250 100 8,824,500 Alumindo Perkasa 825 0 20,500 Aneka Kimia Raya 1,400 25 523,500 Anwar Sierad 1,100 -25 3,865,000 Apac Centertex Corp.

French dancer looks at life from contrasting sides

French dancer looks at life from contrasting sides By Yenni Kwok JAKARTA (JP): In the eyes of French ballet dancer Olivier Patey, the world is a tentatively balanced dichotomy. "I believe that we live in the world of opposites: love and hate, happiness and sadness," said Patey. "Life works by embracing and balancing these opposites." His philosophy of life is reflected in L'Union de Contraires (The Union of the Contrasts), which he choreographed.

Prospects, challenges ahead for the region

Prospects, challenges ahead for the region By Dewi Anggraeni SANUR, Bali (JP): Prospects full of challenge. That was the verdict for the region from participants in this week's Linking Latitudes Symposium at Bali Hyatt hotel here. Rapid economic growth, while raising the living standard of a significant sector of the population in the region, is also the source of a string of problems which in many ways are mutually linked.

Surjadi denies slum fires were deliberate acts

Surjadi denies slum fires were deliberate acts JAKARTA (JP): Governor Surjadi Soedirdja denied yesterday an accusation that a series of recent fires in city slum areas were deliberately set. He said the accusation was unfounded as it was only based on rumor. "I don't think there is any provincial government which intentionally wants to burden its people," he said.

Schools say present entrance fees not enough

Schools say present entrance fees not enough JAKARTA (JP): Managements of two state-run city schools said yesterday government-set entrance fees of Rp 1,750 (71 U.S. cents) to Rp 4,000 should be raised because schools were running on thin government subsidies. They were responding to complaints by parents about relatively high fees and donations. Some parents hoped that donations would be regulated.

New-look Mercedes-Benz to be here within months

New-look Mercedes-Benz to be here within months By John Aglionby LUXURY German carmaker Mercedes-Benz is planning to launch a revised C-class range late this year. Introduced last month in Germany, the new-look Classic, Elegance, Esprit and Sport are expected to arrive in Indonesia some time later this year.

Small business alowed to procure official goods

Small business alowed to procure official goods JAKARTA (JP): President Soeharto has called for the full enforcement of rulings allowing small businesses and cooperatives to procure goods, equipment or services for government offices. Minister of Cooperatives and Small Enterprises Subiakto Tjakrawerdaya said Thursday night that the President had ordered Vice President Try Sutrisno to strictly punish those violating the rulings.

Sewu launches new life insurance schemes

Sewu launches new life insurance schemes JAKARTA (JP): Sewu New York Life has launched two new life insurance schemes -- Sewu New York Life 2000 and Sewu New York Life Grand 2000 -- hoping to increase its total premium income by 25 percent, the company's president C. Donald Carden said. At the launch of the two new products here yesterday, Carden said that the life insurance schemes would give protection right after prospective policy holders paid the first premium.

TV today

TV today TVRI 2:30 a.m. News: Lintas Nusantara 2:40 Travel: My Country 2:45 Children's Film: Road to Avonlea 3:10 Filler 3:20 Soccer: Kansas League (live) 4:00 Regional News 4:30 Soccer: Kansas League (contd.) 5:25 Variety Show: Science World 5:30 TV Series: Emergency Call 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 TV Drama: Losmen Pak Jono 8:00 News: Lintasan Berita 8:05 Music: Tunas Vokalia 9:00 World...

Say no to bad developers

Say no to bad developers JAKARTA (JP): As property exhibitions have become an important way to sell property, the government asked organizers yesterday not to allow developers to abuse the exhibitions by duping buyers. The minister of Public Housing, Akbar Tandjung, said "you shouldn't only pursue transactions at the exhibitions. As an organizer you have to check developers' legal status first, before allowing them to participate".

House to re-deliberate broadcasting bill

House to re-deliberate broadcasting bill JAKARTA (JP): The House of Representatives will re-deliberate the controversial broadcasting bill which it passed last December for President Soeharto to sign into law. Legislators said the move was unusual but that there was nothing wrong with re-deliberating a bill the House had already endorsed. One House member said there was potential for unrest if the bill was passed into law in its current state.

SLORC shrugs off ASEAN plea for talks

SLORC shrugs off ASEAN plea for talks BANGKOK (Agencies): Myanmar's military rulers have shrugged off a request by the Association of Southeast Asian Nations (ASEAN) that they hold talks with opposition leader Aung San Suu Kyi, Thai officials said yesterday. The ASEAN request was conveyed to leaders of the State Law and Order Restoration Council (SLORC) last month by Malaysian Foreign Minister Abdullah Badawi when he visited Yangon, a Thai official told Reuters.

Surjadi quits the race

Surjadi quits the race JAKARTA (JP): Governor Surjadi Soedirdja said yesterday he was unwilling to serve another term after his term ends Oct. 6. "Jakarta is a very dynamic city. It now needs a fresh newcomer who has creative, innovative and imaginative ideas for development, which is occurring at a rapid pace," Surjadi said at a meeting with senior journalists of both electronic and print media.

New reform measures expected next week

New reform measures expected next week JAKARTA (JP): The government will announce next week, after several delays, a new economic reform package aimed at boosting economic efficiency. State Secretary Moerdiono said yesterday, after meeting with President Soeharto, that the President had approved in principle the deregulation package proposed by ministers but "there are things that still need fine tuning".

TV talk is cheap

TV talk is cheap Public confessions by adulterers, gigolos, prostitutes and drug addicts -- favorite topics on many tawdry American TV talk shows -- have now hit Indonesia, although they are packaged differently. One is RCTI's Buah Bibir -- a weekly talk show involving an anonymous offender, experts on the subject and the audience; the other is Potret, an investigative journalistic program by SCTV which examines the many dark sides of life.

BNI to launch credit card this year

BNI to launch credit card this year JAKARTA (JP): Publicly listed PT Bank Negara Indonesia (BNI) will launch a credit card this year as part of its program to improve client services. BNI's president Widigdo Sukarman said here yesterday the launching would make BNI the first state-owned bank to issue a credit card. He said the step was needed to enable BNI to compete with private banks.

Rubber futures close lower

Rubber futures close lower SINGAPORE (AFP): Rubber futures prices in Singapore closed lower yesterday on reduced turnover, dealers said. Volume for the four contracts traded on the Singapore Commodity Exchange Ltd. dipped to 13,240 tons from 23,040 tons a day earlier. August RSS 1 was last traded at 126.75 Singapore cents, August RSS 3 at 89. 00 US cents, August TSR 20 at 128.50 Singapore cents and October TSR 20 (FOB) at 97 US cents.

ASEAN confident about U.S. ties

ASEAN confident about U.S. ties MANILA (DPA): The Association of Southeast Asian Nations (ASEAN) wrapped up a two-day meeting in the Philippines yesterday, confident that Myanmar's entry into the regional group would not jeopardize investment ties with the United States.

Thai stock exchange sets new limits

Thai stock exchange sets new limits BANGKOK (AFP): The Stock Exchange of Thailand (SET) announced yesterday new limits for share movements on the bourse, permitting a 30 percent fluctuation each way in a stock price during a single day's trading. The new regulation, effective from August 1, will allow greater swings in share prices. The current system allows a stocks to deviate 10 percent above and below the previous day's closing price.

Moslems out of shows

Moslems out of shows KUALA LUMPUR (AFP): Kuala Lumpur modeling agencies are barring Moslem models from fashion shows because of new religious rules on indecent dressing, reports said yesterday. Andrew Tan of Andrew's Models said he would limit Moslem models to traditional costumes and not allow them to take part in fashion shows. "We have to respect the department's decision.

Suspected killer tiger 'held' in Taman Safari

Suspected killer tiger 'held' in Taman Safari BOGOR (JP): A Sumatran tiger believed to have devoured two people in Lampung is now in a cage in Taman Safari. The male tiger, aged about three years, was trapped in a Lampung jungle Tuesday and shipped Wednesday to Taman Safari in Cisarua, about 80 kilometers south of Jakarta.

Danamon loans for farmers

Danamon loans for farmers JAKARTA (JP): Bank Danamon agreed yesterday to provide 61 chicken farmers with Rp 21.35 billion (US$8.72 million) credit. The bank, through PT Sumber Subur, will lend Rp 350 million to each of the 61 farmers. PT Sumber Subur, as the chicken farmers' nucleus breeding farm, will have to build 11 broiler chicken farming areas. Each area will contain five farmers, and one laying pullets farm for six farmers. Each farm will be on eight hectares.

Sumatran dancers star in festival

Sumatran dancers star in festival By K. Basrie CIREBON, West Java (JP): This week's festival celebrating Indonesia's royal courts featured glamorous dances and wedding ceremonies from two former kingdoms in Sumatra and Kalimantan yesterday. The audience was not disappointed with the events on the fourth day of the week-long palace festival. Dancers from Sumatra's Palembang Darussalam Sultanane impressed the audience, including relatives of the other royal families attending the festival.

Almost 17,000 Timorese jobless

Almost 17,000 Timorese jobless DILI: Finding work for the 16,897 job seekers registered at the local manpower office here remains a major headache for the local government. Office chief Mudjihartono said last year the registered jobless numbered almost 18,000 and only a small percentage of those have since found work.

Mandela to visit Jakarta this month

Mandela to visit Jakarta this month JAKARTA (JP): South African President Nelson Mandela's planned state visit to Jakarta from July 14 through 16 was confirmed Thursday by an embassy official. This will be the third visit by the Indonesian batik lover, after unofficial visits in 1990 and 1994. "This visit aims to strengthen the two countries' relations, because my country regards Indonesia as very strategic," said Linford Andrews from the South African embassy.

One rebel killed, 14 captured in E. Timor

One rebel killed, 14 captured in E. Timor JAKARTA (JP): One East Timor separatist rebel was shot dead and another 14 captured in a gunfight near Baucau, about 130 kilometers east of Dili, on Wednesday, the military said yesterday. East Timor military chief Col. Slamat Sidabutar said those arrested were part of a group of 20 rebels soldiers raided in the jungle following a tip from residents. "Troops moved in following a tip.

Debating: A true Indonesian pastime?

Debating: A true Indonesian pastime? By Ruli Manurung SINGAPORE (JP): A debate is a clash of concepts, a war of words or an intellectual equivalent of boxing. In a debate, two or more parties argue to champion their own case, while disproving the ideas of others. We all know that. But do we see it often in Indonesian society? Some skeptics say that debating is not for Indonesians. From primary school on, students learn that holding a contrasting opinion is not encouraged.

Eight suspected bookies held over world youth matches

Eight suspected bookies held over world youth matches KUALA LUMPUR (AFP): Malaysian police have arrested eight suspected bookies during the world youth football championship matches here, reports said yesterday. A special police task force has been deployed during the three-week tournament to counter bookmaking, which is illegal but widespread in Malaysia. Match fixing in local games is a common occurrence.

Uruguay calls Shah Alam stadium 'home' for final

Uruguay calls Shah Alam stadium 'home' for final SHAH ALAM, Malaysia (AFP): Uruguay has "home" advantage here today as it bids to win its first world youth football title against defending champion Argentina. Uruguay, the only unbeaten team in the under-20 tournament, goes into the all-South American final having played all its six matches so far at the same Shah Alam stadium.

Toll road to build

Toll road to build SEMARANG: A 45-kilometer toll road linking Surakarta and Yogyakarta in Central Java will be built soon to reduce traffic congestion, an official said yesterday. The head of the provincial public works office, Bambang Kuswidodo, was quoted by Antara as saying a feasibility study and environmental impact assessment had been done. PT Citra Lamtoro Gung Persada will build the toll road which will open by 2002, he said. He refused to say how much the project would cost.

Internet link-up for ASEAN states

Internet link-up for ASEAN states MANILA (AP): Doing business in Southeast Asia, the world's most economically vibrant region, will be speeded up through an Internet link-up connecting 10 countries in the region, officials said yesterday. Part of a 23-year program outlined by investment planners of the Association of Southeast Asian Nations, or ASEAN, it is aimed at encouraging the flow of capital and portfolio funds in the region.

Where to go in Jakarta:

Where to go in Jakarta: Music * Cafe Batavia, Jl. Taman Fatahillah, West Jakarta: Live jazz music, Tuesday to Saturday, 9.30 p.m. * Champions Sports Bar & Restaurant, Jl. Kemang Raya No. 10 South Jakarta: Lemon Tea Band, Thursday. Kin/Deja Vu, Friday. Gypsy Can Band, Saturday; Time Bomb Blues, Sunday. All the Bands at 10 p.m. onwards. * Fashion Cafe, Wisma 46 BNI City, Ground Floor, Jl. Sudirman Kav.

Habibie in Moscow for arms info

Habibie in Moscow for arms info JAKARTA (JP): The state minister of research and technology, B.J. Habibie, visited an aircraft maker in Moscow on Thursday to get first-hand information on Russia's defense industry. The director of aircraft maker MIG MAPO, Ivan Bedko, welcomed Habibie and his 30-strong entourage. MIG aircraft are among the Russian-made defense systems that Indonesia is considering buying.

RP to help local auto parts makers

RP to help local auto parts makers MANILA (AFP): The Philippine government is to draw up a plan this year for the auto industry to aid local manufactures of spare parts, Trade and Industry Undersecretary Melito Salazar said here yesterday.

HIV sufferers marry today in S. Sulawesi

HIV sufferers marry today in S. Sulawesi UJUNGPANDANG, S. Sulawesi (JP): Three women infected with the Human Immunodeficiency Virus (HIV) are getting married today despite ulemas' call to cancel the wedding. One of the grooms is also HIV-positive. The women, identified only as Mawar, Melati and Ros, are former prostitutes. They will marry Uda, Sida and Udin (not their real names) at the Mattirodeceng center for the rehabilitation of prostitutes.

Tigers rebels hand over two Indonesians

Tigers rebels hand over two Indonesians COLOMBO (AFP): Sri Lanka's Tamil Tiger guerrillas freed yesterday the two Indonesian crew members seized from a civilian ferry that was eventually destroyed by the rebels, the International Red Cross (ICRC) said. The two crew members -- skipper Nang Hadi and his chief engineer Imam Wahyudi -- were handed over to the ICRC representatives somewhere in northern Sri Lanka, official said.

Dong quits Malaysian Open

Dong quits Malaysian Open KUALA LUMPUR (AFP): Chinese world number one badminton player Dong Jiong has withdrawn from this month's US$180,000 Malaysian Open due to injury, the organizers announced yesterday. It was another setback for the six-star tournament which had earlier seen the withdrawal of newly crowned world champion Peter Rasmussen of Denmark.

RP defends destruction of markers in Spratlys

RP defends destruction of markers in Spratlys MANILA (Agencies): Senior Philippine officials defended yesterday the destruction of Chinese markers on a shoal claimed by Manila in the disputed Spratly islands and said they would continue removing them despite a sharp rebuke from Beijing. "They will continue to do what they are doing, we continue to do what we are doing," Foreign Secretary Domingo Siazon told journalists.

Soeharto tells people to love local products

Soeharto tells people to love local products JAKARTA (JP): President Soeharto said yesterday that a strong national economy was the key to dealing with stiff competition in the free trade era which will start early next century. He said the national economy might go bankrupt when domestic production were ignored by the people.

AEBC set to discuss non-tariff barriers

AEBC set to discuss non-tariff barriers JAKARTA (JP): Asian and European businesspeople will meet here next week at the 1997 Asia-Europe Business Conference (AEBC) to discuss the removal of non-tariff barriers to the European markets to give wider access to Indonesian products.

Bank robbers stab police officer

Bank robbers stab police officer JAKARTA (JP): Two men who tried to rob a bank customer of Rp 24 million (US$9,840) yesterday stabbed the victim and a police officer in the process. City Police Spokesman Lt. Col. E. Aritonang said one man stabbed Yunardi in the back in the parking lot of the Bank Central Asia on Jl. Tebet Barat Raya. "Sgt. Maj. Widianto who had just come out of the bank and tried to foil the robbery sustained wounds from a sickle on his head and hand," Aritonang said.

Pressure on baht begins to ease after its flotation

Pressure on baht begins to ease after its flotation SINGAPORE (AFP): Pressure on the Thai baht eased two days after it was floated even as other Southeast Asian currencies came under pressure yesterday amid rumors of capital tightening in the region, dealers said. The baht closed higher at around 28.90 against the U.S. dollar at the end of offshore Asian trading compared to Thursday's close of about 29.40 as foreign funds sold the greenback to beef up baht reserves, dealers said.

Warder held over prison escape

Warder held over prison escape SEMARANG: A prison warder is being questioned for allegedly helping two prisoners escape from a high security prison on Nusa Kambangan island last month. Chief of the Central Java justice ministry office Soeroso said Wednesday that the warder had allowed the convicts, Sofjan Hadi, 35, and Antonius Kelana, 33, to work outside the Batu prison without a guard.

FM denies France, RI asked to help Cambodia

FM denies France, RI asked to help Cambodia JAKARTA (JP): The minister of foreign affairs, Ali Alatas, denied yesterday a report that ASEAN had asked Indonesia and France to help defuse Cambodia's political crisis. "The truth is that if Cambodia requests such help ASEAN will be ready to give technical assistance to the Cambodian government, which will soon be organizing its general elections," he was quoted by Antara as saying.

Govt drops planned changes to mining COWs

Govt drops planned changes to mining COWs JAKARTA (JP): The Ministry of Mines and Energy has canceled its planned changes to new mining contracts of work (COW) which, among other things, would have obliged contractors to give the state 10 percent of their mining ventures.

PT Ciputra is developing luxury housing in Cibubur

PT Ciputra is developing luxury housing in Cibubur JAKARTA (JP): Publicly listed property firm PT Ciputra Development is developing a 300-hectare luxury housing complex in Cibubur, East Jakarta. Ciputra Development's director Harun Hajadi said yesterday that the housing complex, called Citragran, would be developed in stages within eight years. He said the first stage, on 45 hectares, started a week ago and was due to be completed in 12 months.

Merpati drops plan to terminate 80 routes

Merpati drops plan to terminate 80 routes JAKARTA (JP): State-owned Merpati Nusantara Airlines has dropped its plan to terminate its 80 unprofitable routes following an objection from the ministry of transportation. Merpati's spokesman, Tondo Widodo, said yesterday that the airlines would comply with any government instruction. "We'll follow the policy," he said.

Ruben upsets Edhi in Bali Jeff chess tournament

Ruben upsets Edhi in Bali Jeff chess tournament JAKARTA (JP): IM Ruben Gunawan caused a major upset here Thursday by defeating GM Edhi Handoko in the 12th round of the Bali Jeff-RCA Grandmaster Chess Tournament. Ruben played superbly and steadily, putting Edhi on the defensive with several attacks and closing the match in the 32nd move of a Modern opening. The victory put Ruben in third place with nine Victory Points (VP).

Consolidation leads banks to sound growth: Experts

Consolidation leads banks to sound growth: Experts JAKARTA (JP): Banks remain among the best reflectors of Indonesia's sustained and economic development, with gross domestic product (GDP) forecast to grow at over 7 percent a year in the medium term, securities analysts and bankers here say. A lending cap of 18 percent is in place for 1997 and is expected to be rigorously applied. The lending cap will ensure there is little pressure on lending rates to decline.

Turkish Airlines serves Jakarta

Turkish Airlines serves Jakarta JAKARTA (JP): Turkish Airlines's maiden flight to Jakarta, an Airbus A340 carrying 105 passengers from Istanbul via Bangkok and Singapore, landed yesterday at Soekarno-Hatta International Airport. Turkish Airlines now serves Istanbul-Jakarta, via Bangkok and Singapore, and Jakarta-Istanbul twice a week, said Lany Sukardi, director of PT Angkasa Cahaya Cemerlang, the airline's general sales agent, here yesterday.