Indonesian Political, Business & Finance News

Archive: 15 August 1997

58 articles found

Two foreigners jailed

Two foreigners jailed JAKARTA (JP): The West Jakarta District Court sent two foreigners to prison for five months each for accessing cellular phone numbers belonging to seven Indonesians. The panel of judges found Ng Chee Leong, 28, of Malaysia and Hasnat Ahmad Varya, 25, of Pakistan guilty of violating Article 12 of the 1989 Law on Telecommunications pertaining to violations of telecommunication rules. The sentence was half of what government prosecutor Ohoi Ulun had demanded from the court.

Rubber prices may soften on rupiah fall

Rubber prices may soften on rupiah fall KUALA LUMPUR (Reuter): Malaysian rubber prices were firm yesterday but dealers said they expected the market to soften later this week or even next based on the weakness of the Indonesian rupiah. At midday, the Malaysian Rubber Exchange and Licensing Board quoted the RSS1 for September buyer at 250 cents (90 U.S. cents) a kg, up half cent from Wednesday's close. The SMR20 for September buyer was unchanged at 248.50.

Asia's crude market marginally firmer

Asia's crude market marginally firmer SINGAPORE (Reuter): Asia's heavy crude market was marginally firmer on expectations of lower crude allocations from Indonesia for September, traders said yesterday. The monthly allocations, due out either Friday or Monday, are expected to be smaller due to higher domestic demand, and the return of the 200,000 barrel-per-day Balikpapan refinery from a one month maintenance shutdown, they said.

Pakpahan not involved in 1994 riots: Witnesses

Pakpahan not involved in 1994 riots: Witnesses JAKARTA (JP): Witnesses testified yesterday in defense of Muchtar Pakpahan, saying they received a letter calling for the cancellation of a strike which the labor leader was convicted of. The four witnesses, all members of the Indonesian Prosperous Labor Union (SBSI), said they received a letter several weeks before the April 14 and April 15, 1994, Medan riots which Pakpahan was allegedly responsible for inciting.

Bangkok targets polluting cars

Bangkok targets polluting cars BANGKOK (AFP): Bangkok officials are daubing red paint over cars and buses which give out black exhaust fumes in an effort to tackle the city's worsening pollution, a newspaper said yesterday. At a checkpoint set up in the city Wednesday officials from the Bangkok Metropolitan Administration monitored exhaust fumes from passing vehicles. Black exhaust offenders had a notice painted on their windscreens, reading "Not allowed to be used," The Nation daily said.

CSFB sees higher credit rating for Indonesia

CSFB sees higher credit rating for Indonesia LONDON (Reuter): Indonesia and other 16 countries could receive credit rating upgrades within the next 12 months, a research report by investment bank Credit Suisse First Boston said yesterday. Only two of the 50 countries covered by the report -- Thailand and Turkey -- could have their long-term debt ratings lowered during that period, CSFB said.

Dam in Laos 'too big a risk'

Dam in Laos 'too big a risk' BANGKOK (AFP): The construction of a US$1.5-billion dam in Laos would threaten the livelihood of the country's people and their government, an environmental research group warned here yesterday. Within weeks the World Bank is expected to decide whether to give outline approval to the Nam Theun 2 dam project, which would lead to the flooding of 450 square kilometers of depleted forests and flatlands to generate up to 900 megawatts of electricity.

New subscription rate

New subscription rate To meet with increasing production costs, The Jakarta Post will apply a new monthly subscription rate of Rp 22,000 as of Sept. 1, 1997. The new unregistered mailing rate will be Rp 66,000 for a three-month subscription. -- The Publisher

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. - Lobby: Solo Piano, daily, 6 p.m. to 9 p.m. * Mirama Hotel, Jl. Raya Darmo 58-76: - Mirama Bar: Desire Band, Monday. Haztoria Band, Tuesday. Abouwhim VG and Bubi Chen Virtuoso Band, Wednesday. Abouwhim Band, Thursday. HI Beat Band and Singer, Friday. The Player's and Surabaya VG, Saturday. Electone Player, Sunday.

'RCTI' plan special round-the-clock shows

'RCTI' plan special round-the-clock shows JAKARTA (JP): RCTI will go on air around the clock for eight days from Sunday to mark Indonesia's 52nd independence day and its eighth anniversary. The climax will be a spectacular musical show broadcast live from the Sudirman Central Business District on Aug. 24. Various programs have been prepared for the double celebrations, RCTI's public relations manager, Eduard Depari, said yesterday.

Music performance at Senayan

Music performance at Senayan JAKARTA (JP): Music performances at the east parking lot of the Senayan stadium on Sunday are expected to be the highlight of celebrations marking the 52nd anniversary of Indonesian independence. Governor Surjadi Soedirdja, high-ranking city officials and Jakartans are expected to attend performances featuring a number of legendary music bands, including Panbers, D'lloyd and Favorites, an official said.

Jakarta is not a dream city, governor says

Jakarta is not a dream city, governor says JAKARTA (JP): Jakarta is not a dream city and many people who migrate here fail to make it and become a burden on the administration, Governor Surjadi Soedirdja said yesterday. Surjadi hammered home the message during a meeting with model officials from regional administrations, saying that they should stop encouraging people from their provinces to come to Jakarta. "Never see Jakarta as the city of dreams.

Problem with tradesman

Problem with tradesman I have lived for over five years in this beautiful country which I love from the depths of my heart. I have a nice little family with a beautiful wife from Malang and two children, and more than one reason to be proud of them. We also own a small house on the outskirts of Jakarta. We are very happy there. Here starts my story.

Road diversions on Sunday

Road diversions on Sunday JAKARTA (JP): Roads within and around the Monas Park will be closed on Sunday because of ceremonies being held to mark the 52nd independence day, the Land Transportation Agency said yesterday. In addition to the roads immediately bordering Monas, Jl. Pelataran Monumen Nasional, Jl. Veteran Raya, Jl. Veteran I-III, the eastern part of Jl. Majapahit, Jl. Ir. H. Juanda, Jl. Museum and part of Jl. Hayam Wuruk will also be closed.

Apple boosts market share

Apple boosts market share SINGAPORE (AFP): Apple Computer Inc. said yesterday its Asian market share should double by 2000 due to a business strategy change and a boost to consumer confidence from its bailout by nemesis Microsoft Corp. Apple's managing director for Asia-Pacific Steven Vamos said the troubled company's sole manufacturing center in Singapore would diversify into other business areas as part of the strategy shift.

Cheaper ASEAN exports

Cheaper ASEAN exports BEIJING (AFP): Chinese central bank governor Dai Xianglong said yesterday he was nonplussed by sharper export competition from Southeast Asian nations after the devaluation of their currencies. "Some countries in Southeast Asia have enhanced their export ability because of their currency devaluation and this has added a competitive edge to those nations compared with China," said Dai, who is governor of the People's Bank of China.

On Gandhi Elementary School

On Gandhi Elementary School On behalf of Gandhi Memorial School, we deeply regret to read an article (a letter) with the headline Gandhi Elementary School published in The Jakarta Post, dated Aug. 7, 1997 on page four. Name and address of the writer is not known but of course, we are entitled to get the said name and address, and The Jakarta Post must legally give it to us.

Where to go in Jakarta:

Where to go in Jakarta: Exhibitions * Doll Exhibition: by Siana Kristiani, at Galeri TC, Jl. Kemang Raya No. 24A South Jakarta, 11.30 a.m. to 12 a.m., until Sept. 13. * 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, South Jakarta. The Lagoon Lounge open daily at 8 a.m. to 11 p.m., and Lagoon Bar, 5 p.m.

RI powerlifters grab gold, silver in Finland

RI powerlifters grab gold, silver in Finland JAKARTA (JP): Two Indonesian powerlifters won a gold and a silver respectively at the 1997 World Games in Finland last week. Tri Haryanto, 28, won gold in the quadrennial Games' middle weight division (75kgs to 90 kgs) while Sutrisno won silver in the light weight division. Tri, weighing 75.65 kgs, lifted 300kgs in the squat, 192.5 kgs in the bench press and 290 kgs in the dead lift to make a total of 782.5 kgs.

Ratelindo's service disappointment

Ratelindo's service disappointment As a telecommunication service company, Ratelindo identifies customer satisfaction as its top priority. But my experience with this company's service has been disappointing. I have already read numerous complaint letters in newspapers about the company's service. Ignoring these rumors, though, I decided to register with the company on July 24. Usually it takes three days (maximum) for an installation after registration.

Post Cold War political dust needs time to settle

Post Cold War political dust needs time to settle By Jusuf Wanandi JAKARTA (JP): The triangular relationship between the three great powers in the Asia Pacific -- China, Japan and the U.S. -- is crucial for stability, peace and prosperity in the region. The bilateral relations of these countries, however, are also important. U.S.-Japan alliance is the anchor for the region's stability.

Indonesia still poses occasional business hurdle

Indonesia still poses occasional business hurdle TOKYO (AFP): Japanese find Myanmar, Cambodia, Laos and Vietnam "extremely backward" places to do business while Indonesia, the Philippines and Thailand pose "occasional hindrances", according to a regional survey. The survey by the Nikkei Industrial Daily also found that Japanese businessmen had "no particular complaints" with either Malaysia or Brunei.

Correction

Correction In this page yesterday we incorrectly referred to the late Prihatno Sutodiwiryo as Captain Test Pilot in a caption on the presentation of the Bintang Sakti award to his widow. Prihatno was a flight test mechanic of the Nusantara Aircraft Industry (IPTN) who was killed in a crash on May 22. We apologize for the error. -- Editor

HIV/AIDS figure has risen to 558

HIV/AIDS figure has risen to 558 JAKARTA: The number of people found with HIV and AIDS in the country increased from 550 in June to 558 by the end of July, an official said. Director general for the prevention of communicable disease at the Ministry of Health, Hadi M. Abednego, was quoted by Antara as saying Tuesday that the eight additional carriers include four from Central Kalimantan, two from Jakarta, one from Central Java and another one from North Sulawesi.

Telephone bill woes

Telephone bill woes On Aug. 11 I accompanied an American friend to BCA Bogor to help her pay her first phone bill. There were many people waiting so I asked the woman in charge how long it would take before we were served. She was very abrupt and replied that she had no idea. It was about 11:30 a.m. so I told her we would return about 2 p.m. When we came back, we were surprised to find BCA closed. The woman in charge said the bank closed at 2 p.m.

Bakrie subsidiary gets $25m loan

Bakrie subsidiary gets $25m loan JAKARTA (JP): PT Bakrie Brycon Indonesia, a subsidiary of Bakrie Brothers' PT Bakrie Building Industries, secured a US$25 million syndicated loan yesterday from four foreign banks led by American Express Bank. The loan will be used to finance the building of its plant in Cibitung near Bekasi in West Java to produce housing modules made of concrete. The concrete-framed building, called Brycon Home, will be shipped to the location after its completion.

Six arrested for 'Putauw' possession

Six arrested for 'Putauw' possession JAKARTA (JP): Three foreigners and three Indonesians have been arrested this week for allegedly being involved in the distribution and possession of nearly two kilograms of third- grade heroin, locally called Putauw. Police said yesterday that the three foreigners identified themselves as Nigerians but that this would be checked at the Nigerian embassy.

Govt to accelerate land title issuance

Govt to accelerate land title issuance JAKARTA (JP): The government has issued a decree to help it in its struggle to complete the issuance of land titles for 75 million plots across the country. State Minister of Agrarian Affairs Soni Harsono said Government Decree No. 24/1997, to become effective in October, is an amendment to the 1961 decree.

Crooks sought for killing maid

Crooks sought for killing maid JAKARTA (JP): Police are still looking for a gang of four criminals who are believed to have killed a housemaid and kidnapped the wife and mother-in-law of a businessman during a burglary at a house in North Jakarta on Wednesday. Police have questioned witnesses in a bid to compile a clearer description on the four men who killed Ati, 20 and kidnapped Linda, 47, and her mother Fung Yu Moi, 70.

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.

Cambodia snags vision: Ramos

Cambodia snags vision: Ramos MANILA (DPA): Philippine President Fidel Ramos said yesterday that the Cambodian crisis had become a snag in the completion of ASEAN's vision of uniting all 10 Southeast Asian countries. While Ramos said ASEAN had "earned the recognition of the international community" for its success in promoting peace and cooperation in the region, he said the group now "faces the daunting task of sustaining its dynamism and maintaining its good record".

Indosawit boosts output

Indosawit boosts output JAKARTA (JP): The Indosawit Group plans to double its crude palm oil (CPO) output to one million tons by 2000. Indosawit president director Goh Ceng Beng said yesterday the rise in production would be due to the company's ongoing expansion program. He said Indosawit was opening another 92,000 hectare oil palm estate in Central Kalimantan, which was expected to make first harvest by 2000.

Govt's commitment to privatize state companies remains

Govt's commitment to privatize state companies remains JAKARTA (JP): Director General for State-owned Enterprises, Bacelius Ruru, asserted yesterday the government remained strongly committed to privatizing state-owned companies in a bid to improve their efficiency and strengthen their operations.

Rights body stands up to government

Rights body stands up to government SALATIGA, C. Java (JP): The National Commission on Human Rights asserted its independence and challenged the government to dissolve it if its recommendations on rights violation cases were left unheeded. "I reiterate that the commission cannot be dictated, controlled nor ordered by the government.

Games soccer players 'can't play for clubs'

Games soccer players 'can't play for clubs' JAKARTA (JP): National Sports Council chairman Wismoyo Arismunandar said yesterday that he did not want soccer players playing for their clubs in international matches when they should be training for the 19th SEA Games here in October. "We only have 50 days left and our soccer team has yet to be announced. I ask everybody not to ruin the soccer training for any reason," Wismoyo, who was with national training director Djoko Pramono, told the press.

Megawati offers referendum to end PDI rift

Megawati offers referendum to end PDI rift JAKARTA (JP): The ousted leader of the Indonesian Democratic Party (PDI), Megawati Soekarnoputri, offered yesterday to hold a referendum to solve the protracted conflict within the minority party. Megawati loyalist Alexander Litaay said the referendum was the fairest way to bring the energy-sapping dispute to an end. It could also serve as a face-saving measure for the conflicting parties, he said.

Eight injured in traffic collision

Eight injured in traffic collision SERANG, West Java: Eight people were seriously injured when a passenger bus collided with a truck in Serdang village in the regency yesterday. Witnesses said the collision occurred when the Merak-bound bus from Bandung tried to overtake another bus and slammed into the truck coming from the opposite direction, Antara reported. The bus overturned and rolled into a nearby field, witnesses said.

Aurora lifts gold reserves

Aurora lifts gold reserves PERTH (Reuter): Aurora Gold Ltd. said yesterday it had increased gold and silver reserves at its Toka Tindung project in North Sulawesi, Indonesia, by about 50 percent to 612,000 gold equivalent ounces. Total estimated proven and probable ore reserves are now 4.74 million tonnes grading 3.9 grams per ton (g/t) gold and 11 g/t silver, Aurora said.

ASEAN not ready for combat

ASEAN not ready for combat From Merdeka ASEAN was established 30 years ago with the economy, rather than security, as its keystone. Therefore, ASEAN should be more ready to act when member countries are facing economic disasters such as a decline in value of the currency. It should also be warding off the negative impact of speculators. Perhaps ASEAN's preoccupation with political matters has left it out of touch with economic matters, leaving the region vulnerable to economic upheaval.

Ministry criticized over photocopying cost

Ministry criticized over photocopying cost JAKARTA (JP): The Association of Indonesian Mining Professionals has criticized the Ministry of Mines and Energy's move to charge mining contractors for photocopying Contracts of Work (COW). Association chairman Herman Afif Kusuma said that the photocopying cost -- Rp 24.75 million (US$9,915) for each COW -- was unreasonable, and the move could affect the investment climate in the mining sector. "Actually, it is not a big amount of money.

Multi to provide telecoms services

Multi to provide telecoms services JAKARTA (JP): PT Multi Eka Karma, a company controlled by the Army, signed here yesterday an agreement with GN Comtext of Britain to serve value-added telecommunications services in Indonesia. Multi's director, Teddy Mappakaya, said the value-added services would include store and forward telex and facsimile facilities.

Indonesia floats rupiah

Indonesia floats rupiah JAKARTA (JP): Indonesia finally bowed yesterday to market forces and floated the rupiah, abandoning its policy of protecting the currency within a set trading band. Minister of Finance Mar'ie Muhammad and Bank Indonesia (the central bank) Governor J. Soedradjad Djiwandono announced the float policy yesterday but said the central bank could still intervene in the market when necessary.

Keep investor confidence: Soeharto

Keep investor confidence: Soeharto JAKARTA (JP): President Soeharto called on financial authorities yesterday to maintain and enhance investor confidence to avoid capital flight. "Once investors lose confidence in our capital market, they will quickly and easily move their funds to other countries," Soeharto said at the opening of a two-day international conference on the Indonesian capital market.

11 hurt in plane crash

11 hurt in plane crash SEMARANG (JP): A small passenger aircraft owned by Air Deraya Service crashed into a residential area yesterday injuring at least 11 passengers and local residents. No casualties were reported. Sgt. Sukim of Semarang police precinct told The Jakarta Post that the Cessna 402, flight number PK BBI, crashed at 3:49 p.m. while in transit from Pontianak, West Kalimantan, en route to Surabaya, East Java.

Better implementation of housemaid ruling urged

Better implementation of housemaid ruling urged JAKARTA (JP): An Indonesian Women's Congress executive has stressed the importance of improved implementation of the Jakarta Administration's housemaids welfare legislation. "Regulation No.3/1993 is already ideal as it consists of technical instructions on how to protect and raise housemaids," Aniswati, the head of the Congress' labor section, was quoted by Antara as saying Wednesday.

Looking back to Indonesia-India ties

Looking back to Indonesia-India ties JAKARTA (JP): Few countries can say they have shared both a historical and empathic bond with Indonesia for over half a century. India, which celebrates its golden independence anniversary today, has been intrinsically linked to Indonesia. The two nations in the first decade of their independence spearheaded, along with countries like Egypt, the prominence of developing states in the international arena through the Non- Aligned Movement.

New Kijang van pushes up Astra revenues

New Kijang van pushes up Astra revenues JAKARTA (JP): The country's largest automaker PT Astra International reported an impressive result in the first semester of this year on the back of increased demand for Toyota Kijang and Honda motorcycles, the company said. The company announced yesterday that its net profit increased 91 percent to Rp 349 billion (US$151.53 million) in the first semester this year from Rp 183 billion in the corresponding period last year.

Salim's move is purely business

Salim's move is purely business By Aleksius Jemadu BANDUNG (JP): The Salim Group's move to sell Indocement's 50.1 percent stake in the world's largest noodle-maker to a Singapore based bread-maker, QAF Ltd, has come under fire recently. While the government has no objection to such a move, many condemned the Salim Group for being unpatriotic. Tycoon Probosutedjo, for example, likened the move to "a capital flight and an act of tax evasion" (The Jakarta Post, July 25, 1997).

Three most-wanted bank robbers nabbed

Three most-wanted bank robbers nabbed JAKARTA (JP): West Jakarta Police have arrested three alleged ringleaders of a notorious gang believed to have been involved in robbing bank customers in and around the city for at least two years. Preliminary investigation disclosed that the suspects and three other accomplices, who are still being hunted, allegedly collected at least Rp 250 million (US$96,150) in their operations last year alone, head of the local police, Lt. Col.

Amazing portrayal of Hemingway in 'In Love and War'

Amazing portrayal of Hemingway in 'In Love and War' By Laksmi Pamuntjak-Djohan JAKARTA (JP): The New Yorker's Anthony Lane compared cinema to souffle: light and fluffy if you do it quickly, leathery and sunken if you don't. Well, there is another category: cinema as emotional epic, courtesy of The English Patient.

Mount Semeru erupts

Mount Semeru erupts SURABAYA: Residents living around Mt. Semeru in Lumajang, East Java have been put on alert due to small eruptions of the volcano, Antara reported yesterday. A new dome of ash formed at the volcano's peak and while the temperature outside the volcano was low, inside it reached 5,000 degrees Celsius, head of the Mt. Kelud-Mt. Semeru project office, Diro Supangkat, said in Kediri yesterday.

Prejudice against ethnic Chinese tycoons remains

Prejudice against ethnic Chinese tycoons remains By Tjipta Lesmana JAKARTA (JP): The controversy over the plan to sell 50.1 percent of Indocement's Indofood to Singapore-based QAF Ltd has subsided following a recent government statement. According to an investigation conducted by government ministers, the company's move does not amount to capital flight.

Corruption has become illness, ex-justice says

Corruption has become illness, ex-justice says SEMARANG (JP): The Indonesian legal system is ailing with the as yet incurable diseases of corruption, collusion and manipulation, a former justice lamented. Adi Andojo Soetjipto, who blew the whistle on alleged collusion in the Supreme Court last year, said at a seminar Wednesday that all of the dishonesty could only be handled with a strong will from all layers in society.

Anniversary of scout movement

Anniversary of scout movement PURWOREJO, C. Java (JP): Vice President Try Sutrisno said yesterday Indonesians should place the interests of the nation above personal or group interests. Speaking at a ceremony to commemorate the 36th anniversary of Scouts Day, Try said Indonesian scouts, and youths in general, should choose activities which prepare them for the future.

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 * Happy Birthday Indonesia! On Sunday, the 17th, it's the 52nd Anniversary of the Proclamation of the Republic, and Indonesians across the nation have much to celebrate. From humble beginnings, through struggle and tragedy, the country has gone forward to a place of relative peace and prosperity.

RI, Malaysia call for closer co-op

RI, Malaysia call for closer co-op JAKARTA (JP): Indonesia and Malaysia concluded a three-day joint commission meeting yesterday stressing the need for closer cooperation and demarcation of exclusive economic zone borders and boundary lines between the two countries.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 14, 1997: Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 950 -50 126,500 AHAP Insurance 2,500 0 0 Alter Abadi 950 -75 118,500 Alumindo Light Metal 1,225 0 1,776,000 Alumindo Perkasa 750 0 0 Aneka Kimia Raya 1,225 -50 10,000 Anwar Sierad 1,175 0 1,618,500 Apac Centertex Corp.

No change in govt approach to stability, says historian

No change in govt approach to stability, says historian JAKARTA (JP): A senior historian said yesterday the government has not made any significant changes in its staunch approach toward stability in 52 years of independence. Ong Hok Ham of the National Institute of Science said at a seminar held by the Center for Political Studies and Public Advocacy that the current debate pitting stability against reformation of the politically elite was inherited from the past.