Indonesian Political, Business & Finance News

Archive: 5 August 1997

57 articles found

WB names de Tray as RI country director

WB names de Tray as RI country director JAKARTA (JP): The World Bank has appointed Dennis de Tray as country director based in Jakarta as part of its decentralization and management changes in the East Asia and Pacific region. The World Bank said in a statement last week that the new position was to give Indonesia closer and more immediate access to the decision-making powers.

Demaria wins 250cc world race

Demaria wins 250cc world race JAKARTA (JP): Taking the lead from the start French crosser Yves Demaria won the 12th leg of the 250cc World Motocross championships at Jatinangor Circuit near Bandung. The Marseille-born Honda rider, one of 20 foreign riders, secured 40 points and clocked 45:13.269 in two mottos along the 1.8 km-circuit Sunday. With this result, the former 80cc rider garnered a total of 180 points and was up at seventh in the standings after the 12th leg of the Jatinangor race.

Unfinished messy affair

Unfinished messy affair As much as the government insists that the riot which rocked Jakarta in July last year is a closed case, we find this decision hard to accept. The July 27 incident, as the case has come to be known, has left many unanswered questions for the nation, especially the government. There is the question of 23 people who went missing in the riot, as listed by the National Commission on Human Rights.

Kia creditors agree to 183.1b won loan

Kia creditors agree to 183.1b won loan SEOUL (Reuter): Creditor banks to South Korea's Kia Group agreed to grant 183.1 billion won in emergency loans to four Kia affiliates under certain conditions, the Korea First Bank president said yesterday. Korea First's president Ryoo Shee-yul told reporters creditors would extend 60.7 billion won to Kia Motors and 76.6 billion won to Asia Motors. Kisan would get 20.8 billion and Kia Steel 25 billion.

Home alone girl molested

Home alone girl molested JAKARTA (JP): A seven-year-old girl, who was left home alone by her parents, was molested by a visitor Sunday, a South Jakarta police officer said. Her mother, who took the girl for a thorough check up at Cipto Mangunkusumo General Hospital yesterday, confirmed the police story.

S. Africa punishes Portugal

S. Africa punishes Portugal CAPE TOWN, South Africa (Agencies): South Africa has expelled Portugal's ambassador over the leaking of a misdirected note from President Nelson Mandela to his Indonesian counterpart, but diplomatic ties remain intact, government sources said yesterday. Two South African government sources confirmed a report that Portuguese Ambassador Vasco Valente had last week been given 48 hours to leave the country.

RP defense secretary quits

RP defense secretary quits MANILA (DPA): The Philippines' defense secretary said yesterday he had submitted his resignation to President Fidel Ramos amid mounting calls for him to vacate his post in preparation for his plans to run for president in the 1998 election. Renato de Villa, also the head of the National Disaster Coordinating Council, said his critics should understand that his resignation was now in the hands of the president who would have to approve his action.

Local judokas win Wismoyo Cup title

Local judokas win Wismoyo Cup title JAKARTA (JP): Indonesian men's and women's teams won the Second Wismoyo Cup Judo International Championship that concluded in Jambi on Sunday with six golds, seven silvers and 10 bronzes. Defending champions, South Korea's men's team, finished second with six golds and one silver, followed by India with four golds, three silvers and two bronzes.

Weakening rupiah expected to drive up non-oil exports

Weakening rupiah expected to drive up non-oil exports JAKARTA (JP): The declining rupiah is a blessing in disguise for Indonesia's weakening non-oil exports, senior ministers said here yesterday. This depreciation would likely help drive up Indonesia's non- oil exports, especially those of natural resource-based products, Coordinating Minister for Production and Distribution Hartarto and Minister of Industry and Trade Tunky Ariwibowo said after attending a monthly ministerial meeting.

Asian stocks fall on profit taking

Asian stocks fall on profit taking HONG KONG (AFP): Asian stocks were lower in most of the region's markets following strong performances in the past week, although an imminent agreement between Thailand the International Monetary Fund boosted Thai shares. The key Hang Seng Index fell 119.63 points to close at 16,259.59, ahead of an announcement that market leader HSBC Holdings Ltd. posted a better than expected 19 percent increase in first half earnings.

RP raises lending rates

RP raises lending rates MANILA (AFP): The Philippine central bank yesterday raised its overnight lending rate to 26 percent from 22 percent, while maintaining the overnight borrowing rate at 20 percent, dealers said. "The central bank raised its lending rate in anticipation of tight liquidity in the overnight market as banks start covering the higher reserve liquidity requirement of the central bank," a foreign bank trader said.

Escapee gets 20 years for tollroad robbery

Escapee gets 20 years for tollroad robbery BOGOR (JP): Prison escapee Erling Doli Wijaya, alias Mikel, was sentenced to 20 years in jail by the district court here yesterday for his role in last October's Jagorawi toll road robbery and murder. Presiding judge Nurganti Saragih told the court that Mikel, 31, who was tried in absentia, was convicted for committing a theft along with three other people and murdering someone, all on Oct. 11.

Eastern Airlines to open direct flight to Jakarta

Eastern Airlines to open direct flight to Jakarta JAKARTA (JP): China Eastern Airlines of China plans to link Beijing and Jakarta directly as the market in Indonesia is considerably prospective, the company's general manager, Yuan Dong Fa said. "We are greatly interested (to open the direct flight) and we think the market in Indonesia is potentially big," Yuan told Antara news agency in Singapore yesterday.

Golkar wary over extended council leadership dispute

Golkar wary over extended council leadership dispute JAKARTA (JP): The ruling Golkar faction said yesterday it hopes the surprise results on the election of speakers at the provincial legislature would not become a precedent for the national level. Golkar's secretary-general Ary Mardjono said yesterday the "lesson" from the leadership dispute in the Irian Jaya provincial legislative council should not inspire a similar dispute in the House of Representatives (DPR).

Persebaya players join Games training

Persebaya players join Games training JAKARTA (JP): More Persebaya players, who recently starred in the national soccer league, have joined their teammates in the SEA Games centralized soccer training program. Anang Ma'ruf arrived in Jakarta yesterday to join fellow players Uston Nawawi, Aji Santoso and Chairil Anwar, who arrived last week from Surabaya. Only Eri Irianto and Sugiantoro have yet to join the SEA Games training program.

Embassy defends decision not to evacuate citizens

Embassy defends decision not to evacuate citizens By Santi WE Soekanto PHNOM PENH (JP): Indonesia's decision not to evacuate some 400 off its citizens when factional fighting broke out early last month was the most appropriate politically, according to the Defense Attache at the Indonesian Embassy here. "There's only one reason that an evacuation should be called for -- for safety. The safety of Indonesians here was never threatened," Yuktayana Tjitrawasita said.

TV today

TV today TVRI 2:30 p.m. News: Berita Untuk Anda 2:40 Travel: My Country 2:45 Children's Film: Mooncat 3:10 Teenagers' Program: Ramaja Indonesia 3:35 Economic News 4:00 Regional News 4:30 Science and Technology 5:00 English Lessons 5:25 Variety Show 5:30 Documentary Film 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: Wawasan 8:00 News: Lintasan Berita 8:05 Culture Program: Untaian Budaya...

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on August 04, 1997: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 1,300 250 56,000 AHAP Insurance 2,500 0 0 Alter Abadi 1,125 25 365,500 Alumindo Light Metal 1,350 0 250,000 Alumindo Perkasa 875 0 3,500 Aneka Kimia Raya 1,400 -50 104,000 Anwar Sierad 1,175 -25 602,000 Apac Centertex Corp.

Target finds gold signs

Target finds gold signs PERTH (Reuter): Target Mining Corp Ltd said yesterday exploration work had delineated additional mineralization to the south of its Silencing gold mine project in Malaysia's Pahang state. Silencing currently has a gold resource base of 325,400 ounces, although infill drilling could lift the resource estimate a further 45,000 ounces to 60,000 ounces, Target managing director Peter Kestel said in a statement.

Ambon, Dutch firms join to operate water plant

Ambon, Dutch firms join to operate water plant JAKARTA (JP): PT PDAM Ambon, a drinking water company owned by the Maluku provincial administration and NV Waterleiding Maatschappij Drenthe of the Netherlands, will establish a joint venture to improve the drinking water supply in the province. Waterleiding's president K.J. Hoogsteen said last week that the joint venture would begin to operate early next year.

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.

155 high-ranking officers promoted

155 high-ranking officers promoted JAKARTA (JP): One hundred and fifty-five high-ranking officers from the four military corps were promoted yesterday. Dressed in their uniforms the military officials reported their new ranks to the Armed Forces Chief Gen. Feisal Tanjung at the Cilangkap headquarters, East Jakarta, yesterday morning. The ceremony was part of last month's massive leadership reshuffle in the Army, Navy, Air Force and National Police, which affected 298 high-ranking officials.

U.S. senator impressed with RI's rights commission

U.S. senator impressed with RI's rights commission JAKARTA (JP): United States Senator Craig Thomas is currently visiting Indonesia to gain a better understanding of the political system and human rights practices here. Senator Thomas and his delegation visited the National Commission for Human Rights yesterday and was met by commission members, led by chairman Munawir Sjadzali. Later he said he was "very impressed" with the commission's work.

Jababeka issues US$150m notes to fund expansion

Jababeka issues US$150m notes to fund expansion JAKARTA (JP): PT Kawasan Industri Jababeka, through its Dutch subsidiary Jababeka International BV, has issued a three-year floating rates notes worth US$150 million to support its industrial estate expansion. The company said in a statement that the notes, launched in Singapore yesterday, were arranged by Nomura and Peregrine through their Hong Kong branches.

BKPM issues permits to develop palm oil industry

BKPM issues permits to develop palm oil industry JAKARTA (JP): The Investment Coordinating Board (BKPM) has issued permits to 25 local investors to develop the palm oil industry, a report said yesterday. The palm oil sector has been partially closed to foreign investors since March because of overinvestment at home and oversupply in world markets.

INACA to raise airfares

INACA to raise airfares JAKARTA (JP): The Indonesian National Air Carriers Association's (INACA) chairman, Soelarto Hadisumarto, said yesterday the association was considering raising domestic airfares to offset the fall of the rupiah against the U.S. dollar. "INACA will raise the airfares based on a ministry of transportation decree," Soelarto said as quoted by Antara yesterday. Under decree No.

22 Sri Lankans may be deported

22 Sri Lankans may be deported KUPANG, E. Nusa Tenggara: Twenty-two Sri Lankans who tried to illegally cross over to Australia last month will be sent to Jakarta soon and will likely be deported, a local immigration official said yesterday. All but four of the Sri Lankans had passports and Indonesian visas, acting chief of Kupang immigration office, Immanuel Pulungan, told Antara news agency. They tried to hire a boat to Australia, but the police foiled their plan, Immanuel said. (09)

Health warning issued in KL

Health warning issued in KL KUALA LUMPUR (DPA): The haze blanketing Malaysia, said to be caused by forest fires in Indonesia, has worsened to unhealthy levels, prompting authorities to advise the public to stay indoors and refrain from outdoor activities like jogging. Schools throughout the country were advised by the education ministry yesterday to cease outdoor sports so that students were not exposed to the haze, which has persisted for almost a week.

Overcoming Jakarta's problems

Overcoming Jakarta's problems From Berita Yudha Jakarta councilors will soon end their term and newly appointed councilors will take their place. These new people's representatives bring with them a promise of an increasingly friendly and human ambience. It will be a good thing that with the promises voiced during the election campaign last May, they will work with the people to make an inventory of unsolved problems to be settled without delay.

On-duty police officers 'need better equipment'

On-duty police officers 'need better equipment' JAKARTA (JP): A criminologist and a lawyer have expressed strong concern over the growing number of on-duty policemen who have been attacked recently. In an attempt to minimize the number, the government should increase the number of police personnel and equip them with better equipment, said criminologist Mulyana W. Kusumah and lawyer Hendardi.

Currencies keep SE Asian rubber prices on edge

Currencies keep SE Asian rubber prices on edge SINGAPORE (Reuter): Southeast Asian rubber prices are seen trending steadily this week but uncertainty over the region's volatile currency markets will keep the trade cautious, dealers said yesterday. Although gains in Japanese futures markets and regional buying inquiries point to firmer price levels, any gains are likely to be limited by slack demand during the summer holiday period in the U.S. and Europe as well as the currency factor.

Thailand gets first carrier

Thailand gets first carrier BANGKOK (DPA): Thai navy commander-in-chief, Adm. Vichit Chamnankarn, inspected yesterday the delivery of Southeast Asia's first aircraft carrier -- designed to accommodate Sea-Harrier planes and helicopters, Royal Thai Navy officials said. The Spanish-made Chakrinaruebet carrier arrived at Phuket Island Navy base, 862 kilometers south of Bangkok, Sunday evening with nine U.S.-made Harrier aircraft on board.

Suwardi firm on promotion plan

Suwardi firm on promotion plan SEMARANG (JP): Central Java Governor Suwardi said yesterday he would promote 100 district chiefs, whose areas recorded a more than 90 percent victory for the ruling Golkar faction in the May election. "I will soon promote 100 of 550 district chiefs in Central Java for their achievements in political and security development. They deserve this because they brought victory to Golkar. If it was possible, I would promote them as regents," Suwardi told reporters.

Thailand to get $5b credit

Thailand to get $5b credit TOKYO (AFP): Major commercial banks from the United States, Europe and Asia decided yesterday to provide a line of credit worth up to US$5 billion to help defuse Thailand's currency crisis, a Japanese report said. The banks will negotiate terms of the line of credit with the Thai government as part of a multilateral support program and form a syndicate of bank members, the Nihon Keizai Shimbun said.

Man jailed for murder

Man jailed for murder JAMBI, Jambi: A man was sentenced to 30 months in jail yesterday by Jambi District Court for murdering his girlfriend in January, Antara reported. Frans Lukmana alias Alek, 31, denied any role in the death of Vivi Sumanti. Frans said that on the night of the murder, he consumed one- and-a-half Ecstasy pills at their hotel room. The next thing he remembered was waking up at the police station the following day and being charged with murder.

Toyota forms Indian venture

Toyota forms Indian venture TOKYO (AFP): Japan's Toyota Motor Corp. said yesterday it had reached agreement with India's Kirloskar Group to establish a production and sales joint venture in India. Toyota said in a statement an official proposal for the joint venture, Toyota Kirloskar Motor Ltd. would be submitted to the Indian government.

Southeast Asian currencies rally on IMF-Thailand deal

Southeast Asian currencies rally on IMF-Thailand deal SINGAPORE (AFP): Southeast Asian currencies rallied yesterday on news of an imminent multi-billion-dollar rescue plan for Thailand and Malaysia's imposition of capital curbs to shore up the ringgit, dealers said. The Thai baht closed offshore at around 31.67 to the dollar, compared to its closing rate of 31.90 last Friday.

South Korea invited to KL

South Korea invited to KL SEOUL (AP): Malaysian Foreign Minister Abdullah Ahmad Badawi met with South Korean President Kim Young-sam yesterday to invite him to a summit of regional leaders in December. Kim responded that he would "positively consider" attending the Association of Southeast Asian Nations summit in Kuala Lumpur Dec. 14 to Dec. 16, even though it comes just days before South Korea's presidential election, his spokesman Yoon Yeo-joon said.

ID checks

ID checks An ID check was recently organized by the West Jakarta mayoralty in the Meruya and Palmerah areas. People in public transportation vehicles, people using their own motor vehicles and pedestrians were asked to show their ID. People who could show their Jakarta ID passed the test, but people who did not carry their ID and people who could only show an ID issued in the provinces without a travel permit were fined up to Rp 50,000.

167 school children poisoned in C. Java

167 school children poisoned in C. Java PURWOKERTO, Central Java (JP): At least 167 school children were admitted to hospitals and subdistrict health care units here over the weekend after eating poisoned food. The head of the Banyumas health office, Mambodiyanto, told The Jakarta Post yesterday that the students were recovering but would need a few more days rest.

City to enforce emission tests on all vehicles

City to enforce emission tests on all vehicles JAKARTA (JP): Owners wanting to renew number plate registrations in Jakarta will soon have to put their vehicles through emission tests. The policy comes in a bill the Jakarta Administration has submitted to the City Council on vehicles' roadworthiness based on emission tests.

Buyers urge developer to return their money

Buyers urge developer to return their money JAKARTA (JP): About 200 buyers upset by allegedly being cheated by a housing developer again went to the office of the state minister of public housing yesterday, asking the minister to insist that the developer return their down payments.

Uni-Charm enters unit

Uni-Charm enters unit TOKYO (Reuter): Uni-Charm Corp, a leading Japanese producer of disposable nappies and sanitary napkins, said yesterday that it had formed units in Indonesia, Malaysia and Singapore with the aim of becoming a top player in the East Asian market. PT Uni-Charm Indonesia was formed in June to produce and sell sanitary napkins, Uni-Charm said in a statement.

Poto caption

Poto caption Photo A: Nawaz Reuter Pakistani Prime Minister Nawaz Sharif (left) meets his Malaysian counterpart Mahathir Mohamad during a courtesy call to Kuala Lumpur. Nawaz, who met Mahathir last Friday on a three-day official visit, was accompanied by a 50-member entourage of ministers and businessmen.

Changes likely at ICMI with Hartono's entry

Changes likely at ICMI with Hartono's entry JAKARTA (JP): The Association of Indonesian Moslem Intellectuals (ICMI) is likely to undergo major changes if Information Minister R. Hartono, a fast rising political figure, joins, an observer says. There could be changes to the organization's leadership and its future direction, Muhammad A.S. Hikam of the National Institute of Sciences said yesterday.

Regent Pasilong electrocuted

Regent Pasilong electrocuted UJUNGPANDANG, S. Sulawesi: Polewali Mamasa Regent Andi Saat Pasilong was electrocuted when he tried to turn on the water heater in his bathroom on Sunday night. He was survived by his wife and daughter. He was found dead at his official residence by his aide.

Burglars wound two school security guards

Burglars wound two school security guards JAKARTA (JP): Two security guards were injured when 10 men forced their way into the Don Bosco private school complex on Jl. TB Simatupang, South Jakarta yesterday. The security guards' coordinator, Rais Sugianto, said one of the victims had been hurt in a similar incident at the school in January. The victim, Urbanus, aged 41, was slashed on both feet and is now being treated at the Prikasih private hospital in Pondok Labu, South Jakarta, Rais said.

Special talks held to clear hurdles on manpower bill

Special talks held to clear hurdles on manpower bill JAKARTA (JP): Legislators revealed yesterday that they had conducted informal talks with the central government during the current House recess, to clear hurdles in their deliberation of a controversial manpower bill.

Kalideres big family protests at City Council

Kalideres big family protests at City Council JAKARTA (JP): More than 150 members of a family living together in Kalideres, West Jakarta, went to the City Council yesterday to ask for help in the settlement of their land dispute with state oil company Pertamina. A lawyer representing the group, Djudjung Panjaitan, said they were the legal owners of the 1.3-hectare plot where they were currently living.

Govt bureaucrats told to serve people better

Govt bureaucrats told to serve people better JAKARTA (JP): President Soeharto urged government bureaucrats yesterday to be more sensitive toward people, so as not to treat them merely as objects who should obey their commands.

Gran Melia plans to operate 24 hotels in Indonesia by 2000

Gran Melia plans to operate 24 hotels in Indonesia by 2000 JAKARTA (JP): Spanish hotel chain Sol Melia plans to operate 24 hotels in Indonesia by 2000 up from 12 hotels this year, Hotel Grand Melia's general manager Ricardo Castaneda said over the weekend. Castaneda said with such an expansion plan, Sol Melia hoped to strengthen its position as a leading hotel operator in Indonesia.

Vehicles, shops damaged in rival district brawl

Vehicles, shops damaged in rival district brawl JAKARTA (JP): Residents of the Palmeriam and Berlan subdistricts, who have been embroiled in a 30-year conflict, fought again Sunday night, burning at least one car and damaging two other vehicles and nearby shops. Dozens of residents from both East Jakarta neighborhoods, which are separated by Jl. Matraman, began throwing stones at each other at about 8:30 p.m. No casualties were reported. "No fatalities were found on either side.

W. Australia sees business opportunities with Indonesia

W. Australia sees business opportunities with Indonesia JAKARTA (JP): West Australia sees potential business opportunities in Indonesia's education and health care sector, West Australian Deputy Premier, Hendy Cowan, said here yesterday. Cowan told members of the Indonesia-Australia Business Council (IABC) West Australia seeks further cooperation in education and health with Indonesia.

English First opens new branch

English First opens new branch JAKARTA (JP): English First, a Boston-based company specializing in English education, opened a new branch on Jl. Timor, Central Jakarta, yesterday. Yanti Tirta, an assistant to the school director of English First's Indonesian office, said the opening of the new branch was to strengthen English First's foothold in Indonesia. "This is English First's eighth branch in Jakarta and its 14th in Indonesia, with about 10,000 students nationwide.

Jobless men in drug trial

Jobless men in drug trial JAKARTA (JP): Two jobless Jakartans traded accusations in court yesterday over who gave whom the heroin they were being accused of possessing. Eko Irianto, 35, and Fadil Thahjono, 34, were indicted on similar charges of possessing 0.2655 grams of heroin at separate hearings at the Central Jakarta District Court. Possession of the drug is an offense punishable by up to five years imprisonment under the 1976 Narcotic Law.

Telkom's subcontractors

Telkom's subcontractors Some time ago, some men came to my house and announced that they wanted to change the connection box for the telephone cable. They were not using a company vehicle, had no Telkom identification badge or uniform and could not show me an assignment letter. Naturally I doubted their legality. So I called the 117 number to ask why a good telephone line needed to be disturbed.

Pirelli wins RI project

Pirelli wins RI project MILAN (Reuter): Pirelli's cables division announced yesterday that it had won a contract as part of a consortium to build a new submarine power system linking the islands of Java and Bali in Indonesia worth in total $40 million. Pirelli Cables and Systems is in a consortium led by PT Dwipangga Sakti Prima and also GT Kabel Indonesia of the Gajah Tunggal Group. GT Kabel is already Pirelli's partner in a joint venture established in 1995 to produce cables near Jakarta.