Indonesian Political, Business & Finance News

Archive: 4 August 1997

39 articles found

Care needed in choosing franchises

Care needed in choosing franchises JAKARTA (JP): Indonesian entrepreneurs interested in opening foreign franchise businesses must be very selective in choosing franchisers, a marketing executive has said. Indonesia Marketing Association's president, Hermawan Kartajaya, said Saturday that those who were interested in becoming franchisees must choose franchise brands carefully. "Franchising is about selling a brand.

Krakatau festival targets tourists

Krakatau festival targets tourists BANDAR LAMPUNG, Lampung: This month's Krakatau Festival is expected to draw 2,000 foreign tourists to the shores of Southern Lampung, an official said. Some 500 foreigners have confirmed their attendance to the festival, which is planned for Aug. 22 through Aug. 25, Lampung provincial administration spokesman Hotman Atiek said on Saturday. "We hope their number will increase by the time the festival begins," Hotman told Antara.

Malaysia edges closer to high-tech dream

Malaysia edges closer to high-tech dream By Eileen Ng KUALA LUMPUR (AFP): Malaysia edged closer to its dream of becoming a Southeast Asian high-tech powerhouse when it opened bids recently for 15 multimedia projects, pitting it against more advanced rival Singapore. Prime Minister Mahathir Mohamad invited both foreign and local companies to tender for pilot projects, estimated to be worth US$640 million, in the Multimedia Super Corridor (MSC) project near here.

Head reveals secret of SMUN 8's success

Head reveals secret of SMUN 8's success By Budiman Moerdijat JAKARTA (JP): SMUN 8 Principal Elida Agoes unveiled Saturday why her senior high school is a cut above other government-run schools in Jakarta. The secret is a combination of longer study hours, relatively good facilities, maintaining contacts with its alumni and, above all, its ability to attract the best junior high school graduates in Jakarta.

Sam Nujumo 'crowned' as king of a Batak tribe

Sam Nujumo 'crowned' as king of a Batak tribe PARAPAT, North Sumatra (JP): Visiting Namibian President Sam Nujumo was crowned King of a Batak tribe here yesterday in a traditional ceremony on the shore of Lake Toba. Accompanied by State Minister of Administrative Reform T.B. Silalahi, Nujumo and his wife Theopoldine toured the lake in the morning before stopping at Tomok, on Samosir island, for the 30- minute crowning ceremony.

Who said colonialism was dead?

Who said colonialism was dead? A certain sign of Indonesia's independence day's approach is The Jakarta Post's Your Letters section bursting with missives on the subject of colonialism. This year proves no exception. Colonialism was a fact. Certain writers have vilified its past practice by European nations; and its benign effects lauded by others. Certainly truth emanates from both points of view. Yes, the European nations extracted wealth from their colonies.

Supreme Court to get four new justices, says Sarwata

Supreme Court to get four new justices, says Sarwata CIPAYUNG, West Java (JP): Four new Supreme Court justices will be installed on Aug. 20, Chief Justice Sarwata said here Saturday. Sarwata said the four new justices would fill positions left vacant by people who had died or retired. The four new justices are: Medan high court chief Djoefri Ramli, Palembang high court chief H.P. Panggabean, Pontianak high court chief Achmad Kowi and Yogyakarta high court deputy chief Supraptini Sutarto.

Games financial problems 'overcome'

Games financial problems 'overcome' JAKARTA (JP): National Sports Council chairman Wismoyo Arismunandar said Saturday in Jambi that the 19th Southeast Asian (SEA) Games organizing committee does not face any more financial problems to stage the event or groom athletes.

Bogus police nabbed

Bogus police nabbed JAKARTA (JP): A high school student was arrested Saturday for wearing police uniform and extorting money from truck drivers on Jl. Ciputat Raya, Kebayoran Lama, South Jakarta. The suspect was identified as Hendrik Zainudin, 17, a second grade student at SMEA PGRI senior high school in Ciputat, Tangerang. Hendrik was caught red-handed extorting money at 3 a.m. in a complete second lieutenant's uniform, said South Jakarta Police Chief Lt. Col. Sisno Adiwinoto.

Hotel Mulia not Atlit Hotel

Hotel Mulia not Atlit Hotel With reference to The Jakarta Post's front page photograph, August 1. In order to ensure that Post readers are presented with factual information, we would like to clarify that the reported fire at the "Atlit Hotel" was actually Hotel Mulia (still under construction) and not the Hotel Atlet Century Park Jakarta. References to hotels should be more careful to ensure that facts are clear. The Hotel Atlet Century Park, located on Jl.

Megawati stays realistic over High Court verdict

Megawati stays realistic over High Court verdict JAKARTA (JP): The deposed leader of the Indonesian Democratic Party (PDI), Megawati Soekarnoputri, said Saturday she was happy with the Jakarta High Court's verdict ordering a lower court to hear her case against her rivals in the party. "I am happy with the development of our lawsuit," Megawati said.

Mandela's letter sent to the wrong embassy

Mandela's letter sent to the wrong embassy JAKARTA (JP): The mystery over the snail's pace of South African President Nelson Mandela's letter to President Soeharto was solved yesterday when it was revealed the letter had been sent to the Portuguese embassy instead of the Indonesian embassy in Pretoria. Indonesian Foreign Minister Ali Alatas revealed the snafu had been created by South African officials. "It should have been delivered to the Indonesian Embassy in Pretoria.

Mahathir willing to meet Soros

Mahathir willing to meet Soros KUALA LUMPUR (Reuter): Malaysian Prime Minister Mahathir Mohamad said yesterday he would consider meeting with U.S. financier George Soros, whom he has accused of being behind the recent attack on Southeast Asian currencies. "Well, I will certainly consider it (meeting Soros). We'll find out what he wants to explain," the national Bernama news agency quoted Mahathir as telling reporters after a function at the Kuala Lumpur airport.

Reaction mixed to proposal on deputy governors

Reaction mixed to proposal on deputy governors JAKARTA (JP): Political observers have questioned the need for the city to have four deputy governors as the municipality has recently proposed to the central government. The University of Indonesia's Arbi Sanit said Saturday increasing the number of deputy governors from three to four might create more bureaucratic obstacles and do nothing for poor people. The Indonesian Institute for Sciences' (LIPI) Muhammad A.S.

All eyes turn to Thai bailout

All eyes turn to Thai bailout SINGAPORE (AFP): Southeast Asian currency markets are anxiously awaiting the International Monetary Fund (IMF) bailout plan for Thailand as the region's monetary crisis enters its second month with no clear end in sight.

Hockey field to be ready by September

Hockey field to be ready by September JAKARTA (JP): The hockey field under construction at the Senayan Sports Complex is expected to be completed by the end of August. The Gelora Senayan Management Board director Saptodarsono told reporters yesterday that the construction was waiting the delivery of synthetic turf by American company Astro Turf. "If the carpet arrives by mid-August, we can finish the construction by the end of this month," he said.

22 military officers netted at nightspots

22 military officers netted at nightspots JAKARTA (JP): Twenty-two military personal and hundreds of civilians were arrested during routine weekend police raids on night spots and red light districts in East and North Jakarta. The chief of the On-the-alert Unit City Police Directorate, Col. Arthur Damanik, said yesterday that 13 of the 22 officers and 48 civilians were netted in a series of raids between Saturday night and Sunday morning.

Police get clues in case of murdered officer

Police get clues in case of murdered officer JAKARTA (JP): Police investigating the death of mobile brigade officer First Sgt. Witono have uncovered several clues after questioning witnesses and reconstructing the murder. The reconstruction of Witono's death was done Friday night at the crime scene on Jl. Susilo in Grogol, West Jakarta. A police source said yesterday a bullet case was found at the scene. It is believed to have come from the same gun which was used to kill Witono.

Three securities houses get margin trading permit

Three securities houses get margin trading permit JAKARTA (JP): The Jakarta Stock Exchange (JSX) has licensed three securities companies -- PT Putra Saridaya Persada, PT Anekareksa Securities and PT Panin Securities to start margin trading. JSX trading director Mas Achmad Daniri said over the weekend the companies had met the Capital Market Supervisory Agency's margin trading requirements. He said the companies had strong back office administrative activities, and standard accounting principles.

What's new in the fast-developing PC world?

What's new in the fast-developing PC world? By Zatni Arbi JAKARTA (JP): It seems that soon we may no longer be able to measure time based on the conventional systems, such as hours, days, weeks, months and years. Because of the speed at which information technology advances, we may have to measure time in terms of "Internet-years" in the not so distant future. Just think about it.

Current monetary policy expected to be maintained

Current monetary policy expected to be maintained JAKARTA (JP): The current monetary policy will remain for the foreseeable future even though there will be cabinet changes next year, according to a senior economist. Sjahrir said Saturday that the new cabinet would, for example, maintain the managed floating exchange rate to keep the rupiah within a realistic range.

TV today

TV today TVRI 2:00 p.m. News: Berita untuk Anda 2:30 Travel: My Country 2:35 Cartoon Film: Silvan 3:10 TV Drama: Diantara Kita 3:35 Religious Teachings: Hindu 4:00 Regional News 4:30 Documentary Film 5:00 Indonesian Lessons 5:25 Variety Show: Country Tracks 5:30 Teenagers' Program: Pramuka 6:00 News: Lintasan Berita 6:05 Nusantara, The Beloved Country 6:15 Village Program 6:30 TVRI News 7:00 Evening News 7:35 News: Laporan Luar Negeri 8:00 New: Lintasan Berita 8:05 Traditional Culture: Sepekan...

Stay out presidential campaign: Amien Rais

Stay out presidential campaign: Amien Rais JAKARTA (JP): The Moslem organization Muhammadiyah warned its members Saturday against campaigning for either Presidential or Vice Presidential candidates ahead of the general session of the People's Consultative Assembly (MPR) next March. Muhammadiyah Chairman Amien Rais told thousands of its members at a meeting in the East Java town of Tulungagung, that the organization would leave the selection of the nation's leaders to the assembly.

Mulia hotel to open next month

Mulia hotel to open next month JAKARTA (JP): Mulia Group, a growing diversified business group with several publicly-listed subsidiaries, will open its first five-star hotel in Senayan, Central Jakarta, next month. The 27-floor Hotel Mulia Senayan on Jl. Asia Afrika will have 1,008 rooms, a grand ballroom, 10 meeting rooms, 11 rental business suites, an outdoor pool, jogging track and health center, the management said in a statement.

Cable makers urged to improve quality

Cable makers urged to improve quality JAKARTA (JP): The Indonesian Electric Cable Manufacturers Association (APKABEL) believes upgrading quality of local cables is the only choice in ending the dominance of imported cables in the domestic market. Association chairman Kusudiarso Hadinoto said over the weekend that many local cable manufacturers had difficulty selling their products at home as most orders from local buyers went to foreign cable makers.

Golkar promotion tactics criticized

Golkar promotion tactics criticized SEMARANG (JP): Legislators and scholars decried yesterday the Central Java governor's decision to promote district chiefs in whose areas Golkar recorded more than 90 percent of the vote in the May election. In a controversial move, Governor Suwardi is planning to give an automatic three-grade promotion, from a IIIB to a IVA, to the relevant district chiefs. It is not known how many people will receive such promotions.

Siamese twin separated

Siamese twin separated JAKARTA (JP): The Cipto Mangunkusumo General Hospital has successfully separated a Siamese twin. Sofyan Ismael, head of the operation team, told the press Friday that the operation was conducted in one hour forty minutes and involved the participation of 40 doctors. The female twins -- children of Misbah and Rodiah from Palmerah, West Jakarta -- are named Rena and Reni, Sofyan was quoted by Antara as saying.

Malaysia limits swap transactions to $2m

Malaysia limits swap transactions to $2m KUALA LUMPUR (Agencies)): The Malaysian central bank announced yesterday a powerful restriction aimed at curbing swap transactions to beat currency speculators with effect from today. Malaysian banks are required to limit non-commercial transactions to US$2 million on outstanding non-commercial related ringgit offer side swap transactions with each foreign customer on a group basis, the central bank said.

Investors still concerned over currencies woes

Investors still concerned over currencies woes JAKARTA (JP): Share prices on the Jakarta Stock Exchange (JSX) are predicted to remain under pressure this week because of investor concern over the domino effect on the Indonesian rupiah of the fall in the region's currencies. Securities analysts said there would be a new buying impetus on the local stock exchange on certain stocks but selling would generally continue to dominate trading.

Exports expected to booost battered Asian markets

Exports expected to booost battered Asian markets SINGAPORE (Reuter): Battered financial markets around Asia should get some relief in the months ahead as cyclical upturns in demand for Asian exports aid growth throughout most of the region, economists say. "Encouraging trends in stocks and production in the OECD countries point to higher demand for Asian exports during the rest of 1997," said Larry Hatheway, chief East Asia economist at UBS in Singapore.

Airport closed due to smoke

Airport closed due to smoke PALANGKARAYA, Central Kalimantan: The Tjilik Riwut airport here was closed yesterday due to thick smoke, forcing the cancellation of 16 scheduled flights. The airport's chief administrator, Ichwanul Idrus, said it would be closed indefinitely until visibility improved. He could not predict how long flights to the province's biggest airport would be suspended.

Different treatment of disasters

Different treatment of disasters From Bisnis Indonesia The different treatments of disasters keep amazing me. The recent Sempati airplane crash resulting in 30 deaths received extensive media coverage, while the Lake Toba boat accident claiming 83 lives was scantly reported. The Sempati accident received a great deal of sympathy from various ministers and the media, especially television.

Telkom launches better services contest

Telkom launches better services contest JAKARTA (JP): PT Telkom, the state telephone company, is holding a competition for communities in South Jakarta to maintain public phones. The competition, which ends next month, is aimed at encouraging community participation in preventing vandalism of public phones, the main reason why many pay phones do not work. The contest is open to all district units of Karang Taruna, a government-sponsored youth movement, in South Jakarta.

Where to go in Jakarta:

Where to go in Jakarta: Music * The Regent Hotel: Jl. Rasuna Said, Kuningan, South Jakarta: - Garden Terrace: Indonesia's Top Musicians, Friday and Saturday,, 9.30 p.m. to 1 a.m. - Pool Side: Sahata Vocal Group, Saturday, 6.30 p.m. to 9 p.m. * The Acacia Jakarta, Jl. Kramat Raya 73-81 Jakarta: - Fountain Bar: Yoseph G (pianist), daily, and with saxophonist every Wednesday, Friday, Saturday from 6 p.m. to 10 p.m.

A violent capital

A violent capital The loss of a single police officer, whose task is to serve and protect the public, is a tragic loss for society. Friday's death of First Sergeant Witono is an even bigger tragedy for Jakartans, coming at a time when the crime rate has been rising and overstretching the capital's already understaffed police force. The Jakarta Police said Witono was killed while escorting a consignment of gold when two men on a motorcycle approached him, stabbed him, and then gunned him down.

Activists rebuke govt over July 27 riots probe stance

Activists rebuke govt over July 27 riots probe stance JAKARTA (JP): Human rights activists strongly rebuked yesterday the government's recent public statement that the controversy over the July 27, 1996 riots here should stop. Leading members of the Indonesian Legal Aid and Human Rights Associations (PBHI) and the National Commission on Human Rights said the case still needed investigating.

STPDN graduate injured in brawl

STPDN graduate injured in brawl BANDUNG, West Java: Two students and a security guard of the state-run School for Home Administration (STPDN) in Jatinangor, West Java, were injured in an alleged brawl at their campus Friday. The institute's graduate Doni Suhendra, his junior Supiansuri and Rusmani are receiving medical treatment at the Al-Islam hospital in Bandung, Antara reported. Rusmani said yesterday the brawl broke out just six hours before Minister of Home Affairs Moch. Yogie S.M.

W. Sumatra sued for Rp 1.1b

W. Sumatra sued for Rp 1.1b PADANG, W. Sumatra: Farmers from Pematang Jaya in Padang Pariaman are suing the West Sumatra administration for Rp 1 billion (US$385,000) for allowing a destructive mining activity near their village, Antara said. They said that since the mining of obsidian (volcanic glass) on Geringging River began in 1991, three people have died because of landslides. They also blamed mining activity for the devastation of 100 hectares of their rice fields.

Jakarta Performing Arts Market opens at TIM

Jakarta Performing Arts Market opens at TIM By Stevie Emilia JAKARTA (JP): The rhythmical beats of emme drums from the Komoro tribe of Mimika in Irian Jaya marked the Friday night opening of Jakarta Performing Arts Market 1997, at the Ismail Marzuki Art Center. The emme, was then followed by a Tahe, the Komoro's opening dance for traditional ceremonies.