Indonesian Political, Business & Finance News

Archive: 14 August 1997

55 articles found

15 gymnasts included in RI's SEA Games contingent

15 gymnasts included in RI's SEA Games contingent JAKARTA (JP): The Indonesian Gymnastics Association named yesterday the six men and six women gymnasts and three rhythmic gymnasts in the squad for the coming 19th Southeast Asian (SEA) Games. Gymnastics training director Andi Darussalam Tabusala said yesterday the final squad would be announced publicly on Sept. 1. "We'll announce the names soon. You can predict the team from seeing the gymnasts who are being groomed for the Games," he said.

'SCTV' prepares lavish events for anniversary

'SCTV' prepares lavish events for anniversary JAKARTA (JP): PT Surya Citra Televisi is celebrating its seventh anniversary on Aug. 24 with a series of lavish events even though it has not yet broken even. Riza Permadi, the company's corporate secretary, said yesterday that SCTV had targeted to break even after nine or 10 years of operation. He said SCTV's expenditure is between Rp 15 billion and Rp 17 billion a month.

PT PLN (Persero) Jasa Enjiniring strives for excellence

PT PLN (Persero) Jasa Enjiniring strives for excellence BANNERS bearing slogans urging employees to maintain the pursuit of excellence still adorn the walls of PT PLN (Persero) Jasa Enjiniring's boardroom at its headquarters in Petamburan, Central Jakarta. A big chunk of the battle in achieving international standards is already won. A week ago today, PT PLN (Persero) Jasa Enjiniring was officially granted the ISO 9001.

Ratelindo launches new communications service

Ratelindo launches new communications service JAKARTA (JP): PT Radio Telephone Indonesia (Ratelindo), a private fixed-cellular radio telephone operator, introduced here yesterday a wireless data communications service. The new service, called Data Ratelindo, was launched by Director General of Post and Telecommunications Djakaria Purawidjaja who also awarded yesterday a certificate for the company's operational worthiness.

Foreign legal consultants: Assets or liabilities?

Foreign legal consultants: Assets or liabilities? By Stefanus Haryanto BANDUNG (JP): As Indonesia grows to be one of Asia's major trading countries, the need for competent legal consultants is also increasing. Since the 1980s, foreign lawyers have been coming to Indonesia to solicit their services, especially to provide legal opinions on aspects of international business.

Activist's sentence increased

Activist's sentence increased JAKARTA (JP): The Jakarta High Court has increased the sentence of the Democratic People's Party (PRD) secretary general by another two years and upheld sentences against three other activists who were all convicted of subversion, a lawyer revealed yesterday. Lawyer Paulus R.

Experts doubt ability to meet water targets

Experts doubt ability to meet water targets JAKARTA (JP): A group of experts expressed doubt yesterday over the government's ability to provide clean water for the country's ever-increasing urban population, unless it changes the way the state-run water companies are managed. The Association of Health and Environment Technology Experts described as "ambitious" the government's target of piping clean water to 62 percent of Indonesia's urban population by 2008.

SEA Games training director accepts chosen wushu team

SEA Games training director accepts chosen wushu team JAKARTA (JP): The 19th Southeast Asian (SEA) Games training director and project officers have accepted the team chosen by the Indonesian Wushu Association for the coming Games. The training director, Djoko Pramono, said yesterday that everyone was expected to accept the decision for the sake of the country at the biennial event, which starts Oct. 11 and ends Oct. 19. "This is what we thought was the best thing to do.

U.S. renews GSP to Manila

U.S. renews GSP to Manila MANILA (AFP): The United States has extended for another year a system of giving preferential treatment for certain Philippine exports, the trade department here said yesterday. A trade department statement said the Philippines' status as a recipient of the generalized system of preference (GSP) is retroactive May 31, 1997 and will last until June 1998.

Local comic industry needs synergy: Observer

Local comic industry needs synergy: Observer JAKARTA (JP): Indonesia's ailing animated cartoon and comic strip industry has resulted in children knowing more about the Japanese comic character Dora Emon rather than Indonesia's own legendary Gatotkaca, a leading cartoonist said yesterday. Dwi Koendoro said a synergy of experts in the fields of literature, entertainment, communications and business was needed to revive the ailing industry.

Operation against alcoholic drink

Operation against alcoholic drink JAKARTA (JP): North Jakarta public order officers launched an integrated operation against the sale of locally produced alcoholic drinks along Jl. Kramat Jaya, Jl. Yos Sudarso and Jl. Sulawesi yesterday. Boy Firman, the head of the public order office, said that the operation was conducted jointly with local police and military and North Jakarta health office personnel.

Armed Forces has new spokesman

Armed Forces has new spokesman JAKARTA (JP): The Armed Forces (ABRI) installed Brig. Gen. Abdul Wahab Mokodongan yesterday as the Military Information Center's chief. Wahab, 49, replaces Brig. Gen. Slamet Supriadi, who has been made Deputy Assistant of Intelligence Affairs to the Armed Forces Chief of General Affairs. Wahab, who was in the same class as Supriadi at the Military Academy, told journalists they could call him 24 hours a day and gave them his handphone number.

Osaka chosen as Japan's candidate for 2008 Olympics

Osaka chosen as Japan's candidate for 2008 Olympics TOKYO (Kyodo): The western Japanese city of Osaka, proposing a compact-sized Olympics which "puts athletes first," was chosen yesterday as the nation's candidate to host the 2008 Summer Games. Osaka beat lone rival Yokohama 29 votes to 17 in a secret ballot held in Tokyo by a 49-member selection committee made up of Japanese Olympic Committee (JOC) executives and representatives of the various national sports governing bodies.

ICMI 'must avoid' Budi Utomo Syndrome

ICMI 'must avoid' Budi Utomo Syndrome Minister of Information Hartono's decision to join the Association of Indonesian Moslem Intellectuals (ICMI) has been seen as part of a bigger political scenario in the making. Political scientist Riswandha Imawan, from the Yogyakarta-based University of Gadjah Mada, addresses the issue. Question: How do you place the seven-year-old ICMI in today's national political scene?

Rupiah regains after plunging

Rupiah regains after plunging JAKARTA (JP): The Indonesian rupiah reached a record low yesterday but recovered again after Bank Indonesia, the central bank, intervened in the market, dealers said. They said spot rupiah, which opened at 2,645/2,651 against the U.S. dollar, nosedived to 2,680 by midday -- just two points away from its lower permitted limit of 2,682.

RI buyers may rush into corn markets

RI buyers may rush into corn markets SINGAPORE (Reuter): Malaysian and Indonesian buyers will probably jump into the market after the overnight release of a bullish U.S. Department of Agriculture (USDA) report which sent corn futures prices soaring, dealers said on Wednesday. The USDA estimated on Tuesday that U.S. 1997 corn production would be around 9.276 billion bushels, sharply below its forecast of 9.7 billion in July.

Speculators challenge central banks' resolve

Speculators challenge central banks' resolve SINGAPORE (Agencies): Offshore funds tested again regional central banks' resolve yesterday on comments by Malaysian and Singapore authorities that they were not overly concerned by the recent fall in their currencies. Indonesia's central bank was forced to intervene to defend the rupiah, which sank to a record low under attack from speculators who tightened the screws on battered Southeast Asian currencies, dealers said.

Soeharto launches book on RI economy

Soeharto launches book on RI economy JAKARTA (JP): President Soeharto officially launched yesterday a two-volume book analyzing the country's economy. The 700-page book is expected to help the government in efforts to promote Indonesia to foreign investors who often know little about the situation here, the book's editors said. Titled Indonesia's Economy: Entering the Third Millennium, the book gives a comprehensive description of Indonesia and is published both in Indonesian and English.

All reclamation land allocated

All reclamation land allocated JAKARTA (JP): Governor Surjadi Soedirdja said yesterday that the entire 2,700 hectares of land designated for reclamation in North Jakarta had been parceled out among private and state-owned developers. Surjadi said the reclamation project was part of his administration's "Back to the North" campaign to encourage development in the northern part of the capital.

RI to rely more on sugar imports, U.S. report says

RI to rely more on sugar imports, U.S. report says WASHINGTON (Reuter): Indonesian sugar production is declining while consumption is constantly increasing due to inefficiency of old sugar mills and low sugar yields, the Agriculture Department reported here on Tuesday. The report, based on the assessment made by the agricultural attache at the U.S. embassy in Jakarta, said lack of supply had resulted in increasing import of raw and refined sugar.

Chili trader killed in Bekasi

Chili trader killed in Bekasi JAKARTA (JP): A chili trader was stabbed to death by three hoodlums near Cibitung market in Bekasi yesterday after the victim refused to give money to the thugs. The trader, Roy alias Dagul, 18, was attacked in the head, stomach and chest with machetes. One of the suspects was arrested an hour later hiding in the local market while the other two are still at large, said Bekasi Police Chief Lt. Col. Alex Bambang Riatmodjo.

City to hold float parade

City to hold float parade JAKARTA (JP): The municipality is arranging a parade of floats on Aug. 24, to commemorate Independence Day, which is on Aug. 17. Chairman of the parade committee Prawoto S. Danoemihardjo said yesterday that the parade was also to commemorate Jakarta's 470th anniversary, which was on June 22. Prawoto, who is also assistant secretary on economic and development affairs, said the parade would start at City Hall on Jl. Medan Merdeka Selatan and go along Jl.

Subway project's new proposal submitted

Subway project's new proposal submitted JAKARTA (JP): The consortium wanting to build the long-awaited subway project has submitted a new financial proposal after the municipality turned down its previous one in March. Deputy Governor of Economic and Development Affairs Tb.M. Rais told The Jakarta Post yesterday that the submission of the new proposal was aimed at helping solve the project's financial constraints, long-accepted as the main cause of the project's delay.

Cocoa prices drop in RI, gain in Malaysia

Cocoa prices drop in RI, gain in Malaysia KUALA LUMPUR (Reuter): Southeast Asian cocoa prices were mixed this week, with rates in Malaysia up due to a weak ringgit while those in Indonesia followed the downtrend on the New York CSCE cocoa futures, trade sources said yesterday. Malaysian cocoa grinders said there were sufficient cocoa beans in the domestic market to meet their immediate grinding needs despite a poor initial harvest between April and June.

Soeharto supports Hartono's ICMI entry

Soeharto supports Hartono's ICMI entry JAKARTA (JP): President Soeharto told Minister of Information R. Hartono yesterday to play an active role in the Association of Indonesian Moslem Intellectuals (ICMI). The minister said the President had given his blessing for him to join the association and gave him some advice.

Bank Bali, Makro sign agreement

Bank Bali, Makro sign agreement JAKARTA (JP): Bank Bali agreed yesterday to provide factoring facilities to suppliers of Makro, a major wholesaler company, a move that will help many small-scale traders and companies. Under the deal, Bank Bali will take over the payments by Makro to suppliers and will pay up to 80 percent of the account receivables in advance.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 13, 1997: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 1,000 0 42,500 AHAP Insurance 2,500 0 0 Alter Abadi 1,025 -50 20,000 Alumindo Light Metal 1,225 -25 460,500 Alumindo Perkasa 750 0 0 Aneka Kimia Raya 1,275 0 25,000 Anwar Sierad 1,175 0 4,482,500 Apac Centertex Corp.

Decree revival plan receives cautious reaction

Decree revival plan receives cautious reaction JAKARTA (JP): House Speaker Wahono and his deputy Soerjadi were cautious yesterday about a plan by the three political organizations to revive a ruling which gives a president extra power. Wahono refused to comment on the relevance of the decree which was last discussed in the 1988 general session of the People's Consultative Assembly. He noted, however, that the assembly had the right to readopt the ruling when it convenes next March.

Youth losing interest in scout movement

Youth losing interest in scout movement By Ivy Susanti JAKARTA (JP): Pramuka, the Indonesian Scout Movement, marks its 36th anniversary today amid concerns among its leaders that the nation's youngsters, particularly those in urban centers, are abandoning the movement for more exciting activities. Fewer and fewer senior high school students are willing to join Pramuka nowadays for reasons that baffle even its leaders.

Rupiah besieged

Rupiah besieged Yesterday, it was the rupiah which came under strong speculative assaults, driving it to a historic low of Rp 2,680 to the U.S dollar in afternoon trading, on the back of analysts' comments that the central bank might abolish or widen the currency's trading band. On the previous day, the Singapore dollar dropped to a 37- month low of S$1.50.

Governor vows to punish city's guilty officers

Governor vows to punish city's guilty officers JAKARTA (JP): Governor Surjadi Soedirdja promised yesterday to severely punish the head of the West Jakarta Public Order Office if he was found guilty of selling iron bars he seized in one of his operations. "If he is proven guilty, he should be punished because he has stained the image of city officials in the eyes of the public," Surjadi told reporters at City Hall yesterday. "We won't protect any of our officials who do such a thing," he said.

Texmaco, Hoechst plan textile fiber plant

Texmaco, Hoechst plan textile fiber plant FRANKFURT (Reuter): German chemical group Hoechst AG said yesterday it planned to set up a textile fiber plant with Multikarma Investama of Indonesia's Texmaco Group aimed at boosting Hoechst's European textile fiber business. Hoechst said it had signed a letter of intent founding the venture which will give Hoechst a 40 percent stake in the joint company and Multikarsa a 60 percent stake.

Government backs reintroduction of security decree

Government backs reintroduction of security decree JAKARTA (JP): The government supports the reintroduction of a 1988 People's Consultative Assembly (MPR) decree on preemptive security measures into the legislative body's draft of rulings for next year. The decree granted the President the authority to take preemptive measures against security disturbances and subversive activities.

Authorities to intensify tax collection

Authorities to intensify tax collection JAKARTA (JP): The city administration is to intensify its collection of local taxes and levies in order to maintain a healthy budget for the rest of the 1997/1998 fiscal year. Deputy Governor of Economic and Development Affairs Tb.M. Rais said yesterday that the government had earlier banked on a Rp 223 billion (US$84 million) surplus from the 1996/1997 year which ended in March.

Writing contest deadline extended

Writing contest deadline extended JAKARTA (JP): The city administration has extended the deadline for the writing contest on low-cost apartments to Aug. 30, the head of the city's general affairs office, Mursaid, said. "The extension of the contest, which was originally planned to have closed at the end of July, is intended mainly to give more people the chance to enter," he said.

Foreign textbooks slow to reach Indonesia: Librarian

Foreign textbooks slow to reach Indonesia: Librarian JAKARTA (JP): Most foreign textbooks are slow to reach Indonesia in spite of strong demand, a librarian says. It takes an average of one year after publication in the West for new titles to become available in this country, Tina T. Nanny, the chief librarian of Yarsi University, said yesterday. This situation applied to books in virtually all branches of science, and particularly economics, business studies, natural sciences, and medicine.

3,000 stateless in Irian Jaya

3,000 stateless in Irian Jaya JAYAPURA, Irian Jaya: The Indonesian and Papua New Guinea governments are trying to determine the nationality of some 3,000 people who live in remote villages in Irian Jaya close to the common border of the two countries, Antara reported. The fate of the people, scattered in eight villages in the Wara region, should be determined this year, secretary of border affairs in Irian Jaya, F.X. Suryanto, said.

Capital market conference opens

Capital market conference opens JAKARTA (JP): President Soeharto will open a two-day capital market conference and exhibition at the Jakarta Convention Center here today. The conference, titled "Indonesian Capital Market: A Commitment to Progress", will be held from Aug. 14 to Aug. 16 to commemorate the 20th anniversary of the Capital Market Supervisory Agency (Bapepam). About 1,600 participants, including 400 foreign fund managers. will join the conference.

Soeharto gives Surabaya green light for PON XV

Soeharto gives Surabaya green light for PON XV JAKARTA (JP): President Soeharto has agreed to let East Java capital of Surabaya host the 15th National Games (PON) in 2000. "The East Java community have welcomed Surabaya's approval to stage the 15th National Games in 2000. But it is expected Surabaya will have a new stadium," East Java governor, Basofi Sudirman, said after meeting Soeharto yesterday.

Cambodia's gloomy future

Cambodia's gloomy future Up to now, it is still not clear in which direction developments in Cambodia are apt to go. Perhaps it is because of this that Second Prime Minister Hun Sen and First Prime Minister Ung Huot's visit to Beijing to ask for King Norodom Sihanouk's blessing has been an interesting political drama to follow. All hope seems gone for Ranariddh to regain his position as Cambodia's First Prime Minister.

Vietnam plans car rally

Vietnam plans car rally HANOI (AFP): Vietnam plans to run a car rally along the historic Ho Chi Minh Trail, a report said yesterday. Prime Minister Vo Van Kiet has given the green light to a 1,400 kilometer road race running from Hanoi to the Binh Phuoc province in the south. The Ho Chi Minh Trail was blazed through the jungles of Vietnam and Laos during the Vietnam war to supply communist troops fighting in the South.

Schools struggle to pull students into scout movement

Schools struggle to pull students into scout movement JAKARTA (JP): Two senior high schools in Jakarta attest to the losing popularity of the Indonesian Scout Movement (Pramuka) among teenagers. Each deals with the problem differently. The First Penabur Christian Vocational High School makes it compulsory for first year male students, while the SMUN 70 state- run high school has virtually ceased its Pramuka activities, although technically its unit still exists.

200 erring foreigners deported in the first 7 months of 1997

200 erring foreigners deported in the first 7 months of 1997 JAKARTA (JP): The Immigration Office deported 200 foreigners in the first seven months of this year for allegedly violating immigration regulations. "The largest number were Malaysians who illegally entered Indonesia via Nunukan (East Kalimantan) from Tawau (Sabah)," department spokesman Mursanuddin A. Ghani told The Jakarta Post yesterday. Mursanuddin, however, refused to give further details.

Caltex's view on Pertamina 'faulty'

Caltex's view on Pertamina 'faulty' By R. O. Hutapea JAKARTA (JP): PT Caltex Pacific Indonesia caused quite a stir when it cast doubt on the ability of state-owned oil company Pertamina to continue exploring and producing crude oil in Sumatra. What made the announcement about Pertamina's stake in the Coastal Plains Pekanbaru (CPP) block, in the Riau province, even more startling was the source. The statement came from Caltex President Director B.

Water crisis in Ujungpandang

Water crisis in Ujungpandang UJUNGPANDANG, South Sulawesi: The city administration has provided 12 tanker trucks to deliver water to areas hit by a water shortage, Antara reported yesterday. City-owned water company PDAM Ujungpandang is providing the service free of charge and distribution is carried out between 3 a.m. and 6 a.m., technical director of the company, Hilal Yunus, said. (09)

Art entourage visits Africa

Art entourage visits Africa JAKARTA (JP): An entourage comprising city dancers and musicians is visiting two African countries to give a series of performances, the head of the City Cultural Affairs Office, H. Azhari Baedlawie, said yesterday. Azhari was quoted by Antara as saying that the visit was arranged by the Jakarta Arts Council in cooperation with his office. The entourage, led by council leader Salim Said, left Saturday for Cairo, Azhari said.

JIHD reports increase in profit

JIHD reports increase in profit JAKARTA (JP): Publicly listed PT Jakarta International Hotels and Development (JIHD) reported a strong growth in the first semester of this year despite the closure of Hotel Borobudur, one of its main businesses. JIHD's director Budiman Effendi said yesterday the net profit for the January to June period this year rose 111.4 percent to Rp 7.4 billion (US$2.85 million) from Rp 3.52 billion in the same period last year.

Congratulations to the 'Post'

Congratulations to the 'Post' In order to divert readers from the unnecessary debate over colonization, which essentially still means that one country oppresses another, I would like to write about the newspaper that publishes these letters, The Jakarta Post. Having started reading the paper five years ago, probably like all expatriates, just happy to read something in English, we have seen the Post develop from an error prone newspaper into what it is today.

RI protests cotton dumping allegation to EU

RI protests cotton dumping allegation to EU JAKARTA (JP): Indonesia has formally protested to the European Union over its repeated allegation of dumping unbleached cotton in Europe. Chief of Indonesia's Antidumping Committee (Kadi), Aidil Juzar, said yesterday the committee had sent a letter objecting the European Union's decision to reopen the case a week ago. "We consider this trade harassment," he was quoted by Antara as saying.

More drug arrests expected

More drug arrests expected MATARAM, W. Nusa Tenggara: Police said they hope to make more arrests after the discovery of a syndicate that has run a huge marijuana plantation on Lombok island, Antara reported. Police last week arrested 11 men believed to be members of the syndicate, and seized 849 marijuana plants from them. The plants came from nine plantations in Gunungsari and Narmada districts in the West Lombok regency, spokesman of West Nusa Tenggara Police, Capt.

Pertamina says price of private fuel negotiable

Pertamina says price of private fuel negotiable JAKARTA (JP): State-owned oil and gas company Pertamina will negotiate with investors interested in building refineries in Indonesia over the price of fuel it would buy from them, a company executive said yesterday. Pertamina Junior Director for Refineries Samto Utomo said Pertamina would negotiate with private refineries about their sales prices because a flexible pricing scheme was needed to encourage private investors in oil refinery.

24 countries to join badminton c'ships

24 countries to join badminton c'ships JAKARTA (JP): One hundred and eighty-five players from 24 countries will compete in the Asian Badminton Championships in Kuala Lumpur, Malaysia, from Sept. 3 to Sept 7. The Asian Badminton Confederation's (ABC) secretary general, Punch Gunalan, said from Kuala Lumpur on Tuesday that the participation of the 24 countries showed the popularity of badminton in Asia. "I am delighted with the enthusiasm of the 24 countries taking part in the championships.

Bill on broadcasts

Bill on broadcasts From Bisnis Indonesia The government is to return the broadcasting bill to the House of Representatives because it contains several impracticable technicalities. This is good because it shows the government's sensitivity and desire for accuracy. If the House considers the bill, I think the revocation of the regulation on TV contributions should be reconsidered. There is no country in the world that levies such a fee on government telecasts.

Where to go in Jakarta:

Where to go in Jakarta: Exhibitions * Graphics Exhibition: A European View (of Indonesia), old lithographs, engravings, and other graphics from Europe revealing the old way of life in Indonesia, at the Lagoon Tower, Jakarta Hilton International, Jl. Gatot Subroto, Jakarta. The Lagoon Lounge open daily at 8 a.m. to 11 p.m., and Lagoon Bar, 5 p.m. to 1 a.m., until Aug. 25. * Photo Exhibition: Kota Kita, Jakarta Bermain dan Anak Jalanan, at Galeri Foto Jurnalistik Antara, Jl. Antara No.

Where to go in Bandung:

Where to go in Bandung: Music and Entertainment * Holiday Inn, Jl. Ir. H. Juanda 33, Bandung: - Kebun Bambu Restaurant: Guitar performance, Saturday, 7.45 p.m. to 10.15 p.m. - Braga Bar and Lounge: Jazz live entertainment at 7.30 p.m. to 11.15, featuring Duet Piano and Saxophone, every Tuesday and Thursday, Piano, Saxophone and Bass, Friday, Piano, Saxophone, Bass and Singer, Saturday. - Kutilang: Traditional musics, Kecapi and Suling, daily, 6.30 p.m. to 9.15 p.m.