Indonesian Political, Business & Finance News

Archive: 26 August 1997

58 articles found

Soebadio won't testify at his secretary's trial

Soebadio won't testify at his secretary's trial JAKARTA (JP): Soebadio Sastrosatomo, the former leader of the defunct Indonesian Socialist Party, vowed yesterday he would not testify against his secretary who is standing trial for allegedly defaming President Soeharto. The 78-year-old former parliamentarian said police should find other witnesses to testify against Buyung Rachmat Buchori Nasution. "I don't want to do it. Isn't he in jail because of me?" Soebadio told prosecutor Moh.

Floods kill 3 in Malaysia

Floods kill 3 in Malaysia KUALA LUMPUR (DPA): A tropical storm that battered northern Malaysia over the weekend caused widespread flooding and killed three people, including a two-week-old infant whose cradle was blown away by strong winds, news reports said yesterday. The worst-hit districts were in Kedah state, where hundreds of villagers were evacuated as heavy rains caused widespread flooding in low-lying areas.

Thai navy to fight floods

Thai navy to fight floods BANGKOK (AFP): Thai Prime Minister Chavalit Yongchaiyudh said yesterday that four navy ships and soldiers were being sent to southern Thailand, where flood waters up to two meters deep have killed six people. The six died and one was missing after they were washed away in the torrents caused by tropical storm Cida, an interior ministry official told AFP.

Former Thai PM calls for unity amid crisis

Former Thai PM calls for unity amid crisis BANGKOK (AFP): Thailand's respected elder statesman Prem Tinsulanonda appealed to the opposition and the nation yesterday to rally around beleaguered Premier Chavalit Yongchaiyudh to help the country weather its chronic economic storm. The former premier, a Privy Councillor and close aide to King Bhumibol Adulyadej, urged unity among political adversaries and the support and confidence of the people for the government's bid to end the crisis.

Gatorade aims to boost share in local market

Gatorade aims to boost share in local market JAKARTA (JP): PT Gatorade Indonesia, a joint venture of the U.S.-based beverage producer Gatorade and its local partner, PT Ades Alfindo Putra Setya, expects to increase its market share in the country's soft drinks to 2 percent from less than 1 percent.

Toyota boosts parts output

Toyota boosts parts output TOKYO (AFP): Japan's Toyota Motor Corp. will enhance its auto parts procurement systems in the United States, Europe and Southeast Asia in line with plans to boost overseas output, a major economic daily said yesterday. Toyota, the country's leading carmaker, will build a second parts center at or near its factory in Kentucky, where its largest U.S. plant is located, the Nihon Keizai Shimbun said.

Alleged killer arrested

Alleged killer arrested JAKARTA (JP): The City Police have arrested the prime suspect in the killing of Sudrajat, 23, a resident of Pondok Kopi, East Jakarta, whose body was dumped in a ditch in Klender on Wednesday, an officer said yesterday. City Police Spokesman Lt. Col. E. Aritonang said the alleged killer was identified as Heri Haryadi alias Edo, 23. He was arrested Saturday night in Klender, East Jakarta. "Heri denied killing Sudrajat, whose neck was stabbed with a sickle," Aritonang said.

Jaya set to produce elevators

Jaya set to produce elevators JAKARTA (JP): PT Pembangunan Jaya and PT Jaya Teknik Indonesia, subsidiaries of the Jaya Group, have joined Japan's Mitsubishi Electric Corporation to be the first elevator and escalator manufacturer in the country. The new company, PT Mitsubishi Jaya Elevator and Escalator, started operation of its manufacturing plant yesterday at the integrated industrial estate in Karawang, West Java.

'Govt has no intention of influencing MPR'

'Govt has no intention of influencing MPR' JAKARTA (JP): President Soeharto asserted yesterday that the government has no intention of influencing the People's Consultative Assembly (MPR), which is the supreme holder of people's sovereignty. As a person who received the mandate from the House to run the country, the President said he only wants to give inputs to assist the Assembly in its task to determine the direction and objective of the country for the next five years.

Jl. Thamrin beautification plan open to adjustment

Jl. Thamrin beautification plan open to adjustment JAKARTA (JP): The plan to tear down fences and widen sidewalks along Jl. M.H. Thamrin to make the street "friendlier" is open to adjustment based on the situation at each building, according to a city official. The head of City's Park Agency, Syamsir Alam, said yesterday that the municipality's design, presented to building owners in June, was not yet set in concrete.

Investors batter regional stocks

Investors batter regional stocks SINGAPORE (Reuter): Investors battered stocks in Indonesia, Thailand, Malaysia and the Philippines yesterday while markets in the rest of Asia were narrowly mixed. High interest rates on time deposits lured investors away from stocks in Indonesia, pulling the Jakarta stock index down to close at 542.647, off 5.53 percent or 31.75 points. The index was down by more than six percent at one point but was lifted from the lows by a rush of late bargain-hunting.

Interfaith dialog faces obstacles

Interfaith dialog faces obstacles By Th. Sumartana YOGYAKARTA (JP): An interfaith dialog, in the context of pluralism, cannot be conducted today the way Socrates and his contemporary Greek philosophers did in the past. For 2,000 years, religious doctrines have undergone a standardization which clarifies their doctrinaire positions toward various important historical and social issues.

Where to go in Jakarta:

Where to go in Jakarta: Exhibitions * Painting Exhibition: by Sri Hadhy, Tulus Warsito, Sukriyal Sadin and Kristiyanto at Hotel Kristal Jl. Tarogong Raya, Cilandak Barat, South Jakarta, 24 hours, until Sept. 30. * Painting Exhibition: Tanda Tanya by Dwi Aryo Prihutomo and Ronny Agustinus, at CCF Gallery - French Cultural Center, Jl. Salemba Raya 25 Central Jakarta, 9 a.m. to 8 p.m., until Sept. 20. * Painting Exhibition: Romance by Firman Ichsan, at Cemara 6 Galeri Kafe, Jl. HOS.

Travel permits for locals

Travel permits for locals From Media Indonesia Media Indonesia reported on Aug. 12 that any Indonesian planning to holiday in Bali was "required" to carry a travel permit (SPKD). Students with identification (KTP) and student cards were detained because they could not produce their SPKD permits. They had violated a regional regulation on orderliness.

Petojo traders push for kiosk guarantee

Petojo traders push for kiosk guarantee JAKARTA (JP): Five representatives of 829 traders from the Petojo Ilir market in Central Jakarta visited the City Council yesterday, asking for a guarantee they would not be evicted and that kiosk prices would not be hiked when market renovations were completed. "We demand a written guarantee," said Masri K., one of the representatives.

Denso Indonesia creates total harmony in operations

Denso Indonesia creates total harmony in operations "If it ain't broke, don't fix it" has been embraced as the comforting business maxim for companies stubbornly resistant to change. For PT Denso Indonesia Corp, maintaining an established business system has been its recipe for success over the past 20 years, particularly in weathering initial start-up doldrums when Indonesia's automotive industry was in its fledgling phase. But adaptability has also been part and parcel of its endurability.

More Asian offers on WTO liberalization sought

More Asian offers on WTO liberalization sought BANGKOK (DPA): Despite a region-wide financial crisis the United States anticipates more offers from Asian countries on liberalization of their financial services at World Trade Organization (WTO) negotiations next September, a top U.S. trade negotiator said yesterday. "I do think we will see some increased offers as we resume negotiations in Geneva next September," Deputy U.S.

Mar'ie warns East Asian of being complacent

Mar'ie warns East Asian of being complacent JAKARTA (JP): Indonesian Minister of Finance Mar'ie Muhammad yesterday warned East Asian countries, which the World Bank has called the economic miracle, against being complacent and overconfident. "We should learn from the mistakes of several great nations which declined after making great achievements," Mar'ie said in a lecture at the Universiti Kebangsaan in Kuala Lumpur.

TV today

TV today TVRI 2:00 p.m. News: Berita 14 2:30 Travel: My Country 2:35 Children's Film: Mooncat 3:10 Teenagers' Program: Ramaja Indonesia 3:35 Educational Program: Kuliah Universitas Terbuka 4:00 Regional News 4:30 Teenagers' Drama: Retak 5:00 English Lessons 5:25 Variety Show: Music City Today 5:30 Documentary Film: Perjalanan ke Ranah Minang 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 7:35 Development Program:...

Golkar faction tips Soeharto

Golkar faction tips Soeharto JAKARTA (JP): The Golkar faction at the House of Representatives called on its executive board yesterday to announce incumbent President Soeharto as the ruling political organization's candidate for the 1998/2003 presidency. Faction chief Moestahid Astari said it was the right time for the organization, which won the majority of House seats in the May general election, to announce Soeharto's candidacy.

Ministry denies endorsing uniform shoes project

Ministry denies endorsing uniform shoes project JAKARTA (JP): The Ministry of Education and Culture denied yesterday reports that it endorsed a project that would have a shoe manufacturer monopolize sales of shoes for 26.5 million elementary school students. Director for Students Supervision at the Ministry of Education and Culture, Nasihin, was quoted by Antara as saying that the ministry never issued approval to PT Aryo Nusa Pakarti to arrange sales directly with schools or teachers.

Action sought against illegal maid suppliers

Action sought against illegal maid suppliers JAKARTA (JP): The City Manpower Agency should take stern action against illegal agencies supplying household helpers, a councilor said yesterday. City council deputy speaker Sugeng Suprijatna made the remark in response to the prevalence of such agencies operating in Jakarta. Their operation was feared to cause social problems, including the use of illegal residents, he said. Sugeng was referring to cases involving the abuse of household helpers.

Kalianda resort to be green: Nirwan

Kalianda resort to be green: Nirwan KALIANDA, Lampung (JP): The management of a planned 350- hectare integrated beach resort says it will use environmentally sound practices as it builds the resort.

Vietnam inflation up at 3.6%

Vietnam inflation up at 3.6% HANOI (AFP): Vietnam recorded a year-on-year inflation of 3.6 percent in the month to Aug. 25 against a 3.1 percent annual rise in July, according to official figures released yesterday. Monthly inflation in August was only 0.1 percent over July according to the General Department of Statistics. Food prices were up 1.1 percent over the same period last year, however the price of rice, a key part of the Vietnamese diet, rose just 0.2 percent during the past 12 months.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 25, 1997: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 700 0 12,500 AHAP Insurance 2,500 0 0 Alter Abadi 1,000 0 0 Alumindo Light Metal 900 -100 86,000 Alumindo Perkasa 600 0 0 Aneka Kimia Raya 975 -25 11,000 Anwar Sierad 900 -100 30,000 Apac Centertex Corp.

ASEAN plans special fund

ASEAN plans special fund KUALA LUMPUR, Malaysia (AP): Southeast Asian nations will set up a special fund to help nations hurt by the recent fall of their currencies, according to Malaysian Finance Minister Anwar Ibrahim. The Malaysian ringgit, the Thai bhat, the Filipino peso and Indonesian rupiah are among regional currencies that have depreciated recently.

Thai economic woes hit regional currencies

Thai economic woes hit regional currencies By Anil Penna SINGAPORE (AFP): Strong corporate demand for the U.S. dollar coupled with Thai economic woes threaten to keep Southeast Asian currency markets on edge after short-circuiting a rally by regional units. Regional currencies won a brief lift last week on the back of the Indonesian rupiah, shored up by punitive interest-rate hikes, before giving up part of their gains on renewed weakness in the Thai baht.

AMP to sell insurance unit to Dharmala

AMP to sell insurance unit to Dharmala SYDNEY (Reuter): The Australian Mutual Provident Society, Australia's largest insurer and funds manager, said on Monday that its joint venture Indonesian life insurance company AMP Panin Life would be sold to Dharmala Manulife. AMP did not reveal the sale price of the operation, which was owned 65 percent by AMP and 35 percent by Panin Life.

Footwear before education?

Footwear before education? I refer to the news story Pupils' shoes will be made uniform nationwide published in Kompas on Aug. 22. Is such an idea necessary? The project targets about five million students and has been tested in two provinces: East Java and Central Java. It is said that the shoes are produced by PT Ary Nusa Pakarti (ANP) using synthetic raw materials. The price of a pair of shoes is fixed at Rp 21,000.

Business and new nationalism

Business and new nationalism Besides the rate of the rupiah -- which, although strengthening, is still under attack by speculators -- two other major issues appear to have been discussed during Friday's meeting of the monetary board. First, the board appealed to the business community not to cause panic among the general population by raising prices. Second, the propitiousness of promoting exports while the value of the rupiah declined was underlined.

Mulia Senayan to open mid September

Mulia Senayan to open mid September JAKARTA (JP): Hotel Mulia Senayan on Jl. Asia Afrika is scheduled to open mid next month, less than a year after the project started in November 1996. Minister of Tourism, Post and Telecommunications Joop Ave said here yesterday the hotel project was a miracle given its record construction period.

King Bolkiah visits Malaysia

King Bolkiah visits Malaysia KUALA LUMPUR (AFP): Brunei's King Hassanal Bolkiah arrived here yesterday for a four-day official visit to strengthen bilateral ties between the two countries. The Brunei king was met at the airport by Prime Minister Mahathir Mohamad, Bernama news agency reported. The visit, at the invitation of Malaysian King Tuanku Ja'afar, was to reciprocate a trip to the oil-rich country by the Malaysian monarch.

Artesian well and village wells

Artesian well and village wells From Suara Karya Reports Suara Karya carried Aug. 15 on page 3 on two incidents of unrest which broke out in two locations in Bandung, West Java, were indeed of great interest. In my opinion the first incident happened as a result of the payment of severance pay being continually postponed.

World Bank extends aid

World Bank extends aid PADANG, West Sumatra: The World Bank has extended financial aid to help develop 10,848 hectares of a 32,000-hectare swampland in Silaut subdistrict, Pesisir Selatan district. Some Rp 18.5 billion (US$6,981,132), which came both from the World Bank and the state budget, has been spent reclaiming the swamp, said Bambang Istijono, head of the river and swamp section of the West Sumatra irrigation service.

Petronas plans group in shipping

Petronas plans group in shipping KUALA LUMPUR (AP): Malaysian national oil company Petroliam Nasional Bhd. (Petronas) has acquired a 29.3 percent stake in Malaysia International Shipping Corp Bhd. (MISC) as part of a plan to create a major shipping group, sources said yesterday. Petronas bought the stake from the Pension Trust Fund Group, making it the largest shareholder in MISC, the country's biggest shipping company.

Rupiah stable but local stocks fall 5.5%

Rupiah stable but local stocks fall 5.5% JAKARTA (JP): Local stock prices plummeted further yesterday in reaction to high interest rates as the government maintained its tight monetary policy to prop up the rupiah, analysts and dealers said. After falling 4.75 percent last Friday, share prices on the Jakarta Stock Exchange tumbled again by 5.53 percent yesterday, with the composite index dropping 31.75 points to close at 542.65 points.

China, S'pore sign air services deal

China, S'pore sign air services deal SINGAPORE (AFP): China and Singapore signed an aviation agreement yesterday allowing for an expansion of air services between the two countries to boost trade and tourism. The agreement was signed in the presence of visiting Chinese Premier Li Peng and his Singapore counterpart Goh Chok Tong. Officials said the accord would allow for a 43-percent increase in passenger service capacity for the airlines of both countries by 2000.

More opposition to decree on preemptive powers

More opposition to decree on preemptive powers JAKARTA (JP): Two more scholars jumped on the bandwagon of those opposing the recent motion to reintroduce a People's Consultative Assembly (MPR) decree that would give the president preemptive powers against subversive activities.

Sjarifudin hails plan to scrap Bulog monopoly

Sjarifudin hails plan to scrap Bulog monopoly JAKARTA (JP): Minister of Agriculture Sjarifudin Baharsjah said yesterday he fully supported the government's plan to scrap the National Logistics Agency's (Bulog) trading monopoly in several food commodities. He said the deregulation plan would give more benefits to farmers and force commodity producers to enhance competitiveness in a free market. "I have repeatedly asserted that the more developed our economy is, the more stable prices will be.

Broadcasting bill deliberation starts

Broadcasting bill deliberation starts JAKARTA (JP): The House of Representatives began re- deliberating yesterday the broadcasting bill that the government refused to enact after it was passed by the House last December. Representing the government in the unprecedented deliberation, Minister of Information R. Hartono ushered in the processing of the bill by offering five key issues to be discussed by the House.

Joop Ave discourages telephone chat-lines

Joop Ave discourages telephone chat-lines JAKARTA (JP): The government discouraged yesterday the use of telephone chat-line services, saying many had been exploited as a medium for sexually related activity. Minister of Tourism, Post and Telecommunications Joop Ave disparaged the existence of the services saying that they had taken advantage of the telecommunications infrastructure.

Life in the mouse bunker

Life in the mouse bunker I was concerned by the story Scarcity of experts hampers computer networking growth published in The Jakarta Post on Aug. 21, 1997. The explosive growth we have seen in the datacoms business is just foreplay. Wait until the banks here start automating their front counter and back office operations. Wait until enough band- width is delivered to the doorstep of offices, homes and factories. Computer experts will then be extremely valuable in the labor market.

Fast-food outlets beef up burger price war

Fast-food outlets beef up burger price war By Stevie Emilia JAKARTA (JP): Despite the government's call for a return to local cuisine, competition among foreign fast-food outlets is getting tougher. On the streets children are saying "beef-beef", mimicking McDonald's latest advertisement on the private TV stations. The commercial promotes a huge cut in the price of its beef burger, from Rp 2,000 to Rp 1,100 (41 US cents) excluding tax.

SE Asian currency trade mixed, baht still weak

SE Asian currency trade mixed, baht still weak SINGAPORE (Reuter): Southeast Asian currencies veered from their recent tendency to move as a herd yesterday as several revived despite the Thai baht being sold down. Dealers said the baht eased on mounting perceptions that its international bailout package might not be sufficient and talk of renewed opposition planning for a vote of no-confidence against the government of Prime Minister Chavalit Yongchaiyudh.

Fishermen net live grenades

Fishermen net live grenades BANDAR LAMPUNG, Lampung: Two fishermen working with a net in Sekampung River, Bumiagung village, south Natar Lampung district, recently "caught" six live grenades, Antara reported. Jupri and Leman, aged 32 and 30 respectively, struggled to pull in their net, checked and found a backpack caught in it. They were surprised at discovering the grenades inside the bag, the news agency reported. The fishermen handed over the grenades to the 5162 mobile brigade command.

Three arrested for using 15 fake credit cards

Three arrested for using 15 fake credit cards JAKARTA (JP): City Police have arrested three men wanted by Interpol for their alleged roles in using counterfeit credit cards in several countries, including Indonesia. The suspects have been identified as Bambang Tri, 52, Yubianto, 43, and Robby, 37. All are Indonesian.

PT Denso Indonesia Corp, apace with a changing world

PT Denso Indonesia Corp, apace with a changing world PT Denso Indonesia Corp. is keeping a stride ahead in a furiously competitive, swiftly changing business world. Celebrating its 20th anniversary of operations in Indonesia this year, the automotive manufacturing firm boasts some exciting new additions as it satisfies consumer demands, stressing quality and excellence.

Cikupa clash ends peacefully

Cikupa clash ends peacefully JAKARTA (JP): A clash between long-time residents and newcomers at Telagasari village in Cikupa, Tangerang, ended peacefully yesterday thanks to a meeting arranged by local military officers. The two parties hugged each other and apologized during the meeting led by Tangerang Military District chief Lt. Col. Karseno. They all agreed to help repair the houses and other property damaged in the incident that started Saturday and ended Sunday.

PNG to deport Irianese

PNG to deport Irianese JAYAPURA, Irian Jaya: Fourteen Irianese students who crossed the border to Papua New Guinea (PNG) last year will be deported, Antara reported Saturday. But the head of Irian Jaya's border affairs section, Alex Urubun, said no date had been set for the deportation. The report also quoted PNG sources who said the students fled to PNG after a riot in Timika early last year when a market was torched after the arrival of the body of Dr.

North Korea's top envoy has defected: S. Korea

North Korea's top envoy has defected: S. Korea SEOUL (Agencies): North Korea's top envoy to Egypt, Jang Sung- gil, and his wife are on their way to a third country to defect, a South Korean foreign ministry official said yesterday, while in a second defection a North Korean soldier crossed the demilitarized zone to the South. "You can say he and his wife have already left Egypt, and are now heading for a third country to defect," spokesman Lee Kyu- hyong said.

In search for humane governance in globalization era (2)

In search for humane governance in globalization era (2) By Richard Falk This is the second of two articles on globalization and post- Cold War politics. PRINCETON, New Jersey, U.S.A. (JP): The Asia Pacific region, itself so difficult even to delimit and categorize, is possessed by extraordinary diversity, dynamism, size and population density that manifests both tendencies to achieve substantive democracy and to explore the possibilities for regionalism.

Time for ASEAN to act

Time for ASEAN to act When government forces captured the last stronghold of troops loyal to deposed co-premier Prince Norodom Ranariddh on Sunday, it signaled Second Prime Minister Hun Sen's ascendance to de facto ruler of Cambodia. But fighting between warring factions could continue for months. Hun Sen, in his bid to consolidate power, has pledged to stamp out the dwindling Khmer Rouge rebels who have taken sides with Ranariddh in the current power struggle.

Help at hand for blackout blues

Help at hand for blackout blues JAKARTA (JP): Are you facing electricity problems at home, at the office or in the factory? Call 123 and the operator will promise to solve it as soon as possible. The state-owned electricity company, PT PLN, launched the telephone line Aug. 17 to improve its service to customers experiencing difficulties.

Police told to speak English

Police told to speak English BANTEN, West Java: Police officers will have to speak English twice a week, on Tuesdays and Saturdays, Antara reported Saturday. Quoting police chief Col. Yusuf Sudradjat, the news agency said the English-speaking hours were from 2 p.m. to 4 p.m. A teacher has been selected to facilitate the program. "Banten police will face greater challenges in the future because of the coming free trade era.

RI interests EIAJ members

RI interests EIAJ members JAKARTA (JP): Several members of the Electronics Industries Association of Japan (EIAJ) plan to relocate to Indonesia to tap the growing demand and improving infrastructure here, the deputy director of EIAJ public affairs, Tamotsu Harada, said yesterday. Harada said that some of EIAJ's members, such as semiconductor producer NEC and Sanyo Industries, a household electronics producer, saw Indonesia as a suitable country for their new production facilities.

Informatics opens RI outlet

Informatics opens RI outlet SINGAPORE (Reuter): Informatics Holdings Ltd said yesterday it will sign a franchise agreement with PT Permata Indah to set up a computer training center in Jakarta. Informatics said in a statement that Pertama Indah would build a four story building to be completed by January 1998 to house the Informatics training and education center. The school will be Informatics' second computer franchise set up in Indonesia.

Amerta to export asphalt

Amerta to export asphalt JAKARTA (JP): PT Amerta Margayasa Aspal (AMA), the producer of natural Buton asphalt in Southeast Sulawesi, will begin exporting its product Butonic Mastic Asphalt to Vietnam and Myanmar this month. AMA's manager John Huliselan said yesterday his company planned to start exporting 1,500 tons of the product initially, which would be shipped through the Surabaya port. Butonic Mastic Asphalt is a material that binds hot-mix asphalt.

Falling revenue lamented

Falling revenue lamented JAKARTA (JP): A councilor urged the central government yesterday to stop collecting its 20 percent share of the city's hotels and restaurants tax revenue. The head of Commission C for financial affairs, Amarullah Asbah, said that the city should be given more leeway to compensate its falling income due to the planned reduction of local taxes and fees.