Indonesian Political, Business & Finance News

Archive: 15 September 1997

52 articles found

Try warns PIKI executives against provocation

Try warns PIKI executives against provocation JAKARTA (JP): Vice President Try Sutrisno has told the Association of Indonesian Christian Intellectuals (PIKI) not to respond rashly to unrest or any other short-lived trend. Try told visiting PIKI executives at Merdeka Palace Saturday that they should instead enhance their analytical capabilities to help the nation face up to future challenges.

Indonesian Sindhis make their own success stories

Indonesian Sindhis make their own success stories By Yogita Tahil Ramani JAKARTA (JP): Indonesian-born Indians carve a respectable niche -- a refined little India tableau in their adopted homeland -- through their strong business acumen and hybrid spirit. Examples of successful Indians from Punjabi, South India and Gujrati are all around, but one group stands out.

Brawl at IPB

Brawl at IPB From Republika A brawl that broke out among hundreds of Bogor Institute of Agriculture (IPB) students, reported by Republika on Sept. 11, struck me as strange, scary and disillusioning. Strange, because it is almost impossible that IPB students are capable of fighting, considering that the academic system being developed is wasteful of study time and the IPB students' sense of responsibility toward their campus and their parents is very high.

Abolishment of monopolies

Abolishment of monopolies Senior economist Sumitro Djojohadikusumo has recently recommended the abolishment of monopolies. Coordinating Minister for Economic and Finance Saleh Afiff has said that monopolies will be eradicated. Business tycoon Sudwikatmono welcomes the idea and is ready for the situation. The government must be ready too to bear the consequences of the abolishment of monopolies.

Manila to fund rebel integration

Manila to fund rebel integration MANILA (AFP): The Philippines is to put up 1.25 billion pesos (US$39 million) next year to complete the integration of former Moslem rebels into the armed forces, a lawmaker said here yesterday. The allocation is part of an additional 12.9 billion-peso budget requested by the department of national defense for 1998, congressman Antonio Cuenco, who also chairs the Commission on Appointments' defense committee, said in a statement.

Land ownership documents needed

Land ownership documents needed JAKARTA (JP): The city inventory office must speed up the processing of title documents for 2.5 hectares in Kemanggisan, West Jakarta, to prevent ownership disputes, a councilor said. Three schools owned by the municipality have stood on the land since 1974. The land originally belonged to the immigration directorate general office.

Ministry under fire over decree on visit to Sea World

Ministry under fire over decree on visit to Sea World JAKARTA (JP): Just weeks after the controversy over uniforming students' shoes, the Ministry of Education and Culture has come under fire again over reports it had issued a letter requiring high school students to visit Sea World. Chairman of the Islamic organization Muhammadiyah, Amien Rais, immediately called on the ministry to stop the commercialization of education.

Thai workers demand help

Thai workers demand help BANGKOK (Reuter): About 2,000 workers rallied in Bangkok yesterday to demand government help, saying they have been hard hit by Thailand's economic woes. The disgruntled workers, mostly from factories and state enterprises, threatened to bring "hundreds of thousands of laborers to the streets" if the government did not heed their demands.

ASEAN signs deal on shrimping

ASEAN signs deal on shrimping BANGKOK (AFP): ASEAN agriculture and forestry ministers have signed agreements on environmentally-sound shrimping practices, protection of sea turtles, and biotechnology use, local dailies said Saturday. The week-long Association of Southeast Asian Nation ministerial meeting ended Friday with the signing of several memorandums of understanding, the reports said.

Thai privatization plans

Thai privatization plans BANGKOK (AFP): Thailand's communications ministry will submit yesterday plans for the privatization of the state Telephone Organization of Thailand (TOT) to the council of economic ministers, local dailies reported. Under the plan, a new entity will first be incorporated as a limited company with TOT as a major shareholder, then a 25 percent stake will be offered to an international strategic partner, the reports said.

WB, IMF to discuss money crisis

WB, IMF to discuss money crisis WASHINGTON (AFP): The recent Asian currency crisis will likely top the agenda of the annual meetings of the World Bank and the International Monetary Fund (IMF), set to begin in Hong Kong today with a series of seminars and news conferences. The IMF in particular will aim to draw policy lessons from the regional flap that has shaken the currencies of Thailand, Indonesia, Malaysia and the Philippines since July.

SE Asian currencies await cues from G7

SE Asian currencies await cues from G7 SINGAPORE (AFP): Southeast Asian currencies are expected to trade cautiously this week while awaiting cues from the world financial jamboree in Hong Kong and political developments in Thailand and the Philippines, analysts said.

Where to go in Jakarta:

Where to go in Jakarta: Exhibitions * Painting Exhibition: by Nahfud, at the Galeri Cipta II, Taman Ismail Marzuki Arts Center, Jl. Cikini Raya 73, Central Jakarta, at 10 a.m. to 9 p.m., until Sept. 17. * 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.

No more villages in Pekanbaru

No more villages in Pekanbaru PEKANBARU, Riau: As of Saturday, there are officially no more villages here because they have been promoted to subdistricts, Antara reported. Pekanbaru Mayor Oesman Effendi Apan said the promotion of the eight villages has put fast-developing Pekanbaru on the same level with two other Sumatra cities, Medan and Padang.

Indomobil plans to merge with PT Indomulti

Indomobil plans to merge with PT Indomulti JAKARTA (JP): The giant Salim Group plans to merge its automotive arm PT Indomobil Investment Corporation with the publicly listed firm PT Indomulti Inti Industri. The group said Saturday the planned merger would be conducted by pooling interests with Indomulti, the surviving company. The planned merger will automatically transform Indomobil, the country's third largest auto producer, into a public company without an initial public shares offering.

32 die in bus-truck collision

32 die in bus-truck collision JAKARTA (JP): At least 32 people were killed and 29 others injured when an intercity bus collided head on with a dump truck on the Cakung-Cikunir toll road, East Jakarta, yesterday, hospital and police sources said yesterday. Most of the dead were believed to be passengers on board the Semarang-registered Jaya Bakti Super bus which was traveling from Jakarta to Purwodadi in Central Java. The crash occurred at KM17 around 7 p.m., witnesses said.

TV today

TV today TVRI 2:00 p.m. News: Berita 14 2:30 Travel: My Country 2:35 TV Series: Lucan 3:10 TV Drama: Diantara Kita 3:35 Religious Teachings: Buddha 4:00 Regional News 4:30 Creative Program: Karya Tepat Guna 5:00 Indonesian Lessons 5:25 Variety Show 5:30 Talk Show: Sebaiknya Anda Tahu 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 Development Program: Lemhanas 8:00 News: Lintasan Berita 8:05 Quiz: Gita Remaja 9:00 World...

Schools told to discuss levies with parents

Schools told to discuss levies with parents JAKARTA (JP): City councilors have asked schools to stop imposing burdensome additional costs on parents and to publicly discuss extracurricular activities before implementing them. Chairman of Commission E for welfare affairs Soeparmo said: "Activities which require extra fees must be discussed with parents and the teachers' association".

Asia Cellular Satellite project runs smoothly

Asia Cellular Satellite project runs smoothly By I Christianto KING OF PRUSSIA, Pennsylvania (JP): The Asia Cellular Satellite (ACeS) system, a mobile satellite telecommunications project of the Indonesia-based PT ACeS, will operate in the second quarter of 1999, according to the system contractor.

ASEAN should expand the ARF

ASEAN should expand the ARF By A.K.P. Mochtan JAKARTA (JP): As if eluding the prevailing trend toward multilateralism in the Asia-Pacific region, trilateral ties remain dominant and critical to strategic and security equations in Northeast Asia. As testified by the visit of Japan's Premier Ryutaro Hashimoto to Beijing last week, balance and stability in Northeast Asia precariously depend on the trilateral relations involving China, Japan and the US.

Who should lead our nation?

Who should lead our nation? From Berita Yudha Over the last few days we have again heard debate about whether our leaders should be military or civilian figures. Some say that civilians will not be ready to lead this nation for another five years, while others believe civilians are, in fact, ready to shoulder the task and say that President Sukarno, despite his shortcomings, was a good example.

A fiery debate

A fiery debate There was an emotional storm in a political tea cup here last week. The root of the low-quality but high-voltage debate, which involved high-profile politicians, was a statement made by Dr. Juwono Sudarsono, a professor of political science at University of Indonesia. He said that only people with a military background will be able to lead the country again for the next five years.

Experts call for review of 1996 Press Law

Experts call for review of 1996 Press Law JAKARTA (JP): Experts greeted the scheduled endorsement of the broadcasting bill over the weekend, calling for equal "freedom" between broadcast and print journalists. Mass communications expert Bachtiar Aly and legal expert Loebby Loqman, both from the University of Indonesia, called separately Saturday for review of the 1966 Press Law and the 1984 minister of information decree that enables the government to ban publications.

Coffee harvest to decline

Coffee harvest to decline JAKARTA (JP): The Association of the Indonesian Coffee Exporters estimates a drop of up to 60 percent in Indonesia's coffee production this year because of drought, Antara reported Saturday. The association's chairman, Oesman Soedargo, was quoted as saying the coffee harvest for 1997 was projected to fall to 180,000 tons this year from 500,000 tons because of draught and too much rain in late 1996. "The condition has also led to a drastic fall in exports," Oesman said.

Officials air different opinions on CEPA project

Officials air different opinions on CEPA project JAKARTA (JP): Officials have voiced different opinions over the government's decision to award PT Consolidated Electric Power Asia (CEPA) Indonesia the Tanjung Jati C power project in Jepara, Central Java. Copies of correspondences made available to The Jakarta Post reveal that while some officials are for the project, other officials are against it.

Maid found dead in employer's home

Maid found dead in employer's home JAKARTA (JP): A 22-year-old housemaid was found dead with foam oozing from her mouth at her employer's house in Jatiwarigin, Pondok Gede, East Jakarta, Friday evening. Her female employer, Sarah, said the girl might have committed suicide with insecticide after being warned by Sarah's husband to be careful in her relationship with her boyfriend.

Indomobil, Indomulti merge

Indomobil, Indomulti merge JAKARTA (JP): Two companies in the widely diversified Salim Group, PT Indomobil and PT Indomulti, will be merged in group's restructuring program. Indomulti president Fransiscus Welirang said Saturday the group would create a firm called PT Indomobil Sukses International to manage and operate the merged units. He said the merger plan still needed independent shareholder approval. Indomobil president Soebronto Laras said the merger would create a better public image.

E. Timor gets Rp 24b fund

E. Timor gets Rp 24b fund DILI, East Timor: The government has channeled a Rp 24 billion (US$8.2 million) fund to help poor families in 442 villages start their own businesses, State Minister of Population Haryono Suyono said Saturday. The fund, known as Kredit Usaha Kesejahteraan Rakyat (People's Prosperity Business Credit), or Kukesra for short, is part of the government's poverty alleviation program to help nearly five million families across the country.

Share prices likely to remain volatile

Share prices likely to remain volatile JAKARTA (JP): Share prices on the Jakarta Stock Exchange (JSX) are predicted to remain volatile this week as most foreign investors would stay away from the market. Securities analysts said over the weekend that the market outlook would remain bearish due to a lack of fresh incentives.

Principal's naked mischief

Principal's naked mischief JAKARTA (JP): An elementary school principal in the remote Bengkalis island, Riau, amused himself by ordering "nasty students" to run around a soccer field stark naked. The unusual punishment has angered the students' parents who demanded last week that the education ministry sack or remove him for humiliating their children.

Record breakers at Games to get house

Record breakers at Games to get house JAKARTA (JP): State Minister of Youth Affairs and Sports Hayono Isman said any athlete who breaks a world record at the 19th SEA Games here next month will receive a house from a sponsor. Speaking before 29 Malaysian journalists at Taman Ria Senayan, Jakarta, Saturday evening, Hayono said two houses, which would be provided by the Daksa company in Cibinong, would be given to world record breakers from all participating countries, not just the host.

Mahathir addresses fund managers on market woes

Mahathir addresses fund managers on market woes KUALA LUMPUR (Reuter): Malaysian Prime Minister Mahathir Mohamad yesterday addressed foreign fund managers as part of his government's efforts to reassure nervous investors about Malaysia's economic policies. But, unlike previous discussions between officials and fund managers, the premier conceded Malaysia may have made mistakes in attempts to stem a massive sell-off in its stock market.

Over 3,000 teachers needed

Over 3,000 teachers needed SEMARANG: More than 3,000 junior and senior high school teachers will be needed in Central Java next year to make the government's nine-year compulsory education program a success, an official here said Saturday. Haryanto, spokesman for the Ministry of Education and Culture office in Semarang, told Antara the office would start recruiting as many as 3,080 teaching institute graduates next Thursday at the ministry's office here.

Verdict expected for Vietnam gang leader

Verdict expected for Vietnam gang leader HANOI (AFP): The alleged head of one of Vietnam's most notorious crime syndicates wept in court and begged for leniency for his followers while denying charges against him, official reports said. Duong Van Khanh contended he was innocent of murder in the stabbing death of a man following a fight between the victim and his gang in central Hanoi in 1991, the official Nhan Dan daily reported yesterday.

Vietnam ports not feasible

Vietnam ports not feasible HANOI (AFP): An Asian Development Bank (ADB) investment project to upgrade Vietnam's ports at Ho Chi Minh City is not economically feasible and terms of the deal should be altered, the Saigon Port authority was quoted as saying Saturday. The US$40 million project, which includes a $30 million ADB loan, called for the renovation of the Saigon port, one of 18 ports around Ho Chi Minh City, the official Vietnam News said.

Indonesian charged with insider trading

Indonesian charged with insider trading NEW YORK (Reuter): A J.P. Morgan trainee was charged with insider trading Friday for allegedly trading in the securities of three companies based on confidential information he learned at his job, federal prosecutors said. Papers filed in U.S. District Court in New York named the defendant as Roy Handojo, 25, a citizen of Indonesia who has lived in New York City since October 1996.

Sad reflection of immaturity on nation's leadership debate

Sad reflection of immaturity on nation's leadership debate Political scientist Juwono Sudarsono has come under criticism this past week for suggesting the presidency remain in the hands of someone with a military background, at least until 2005. In the following article, Juwono, vice governor of the military's think tank National Resilience Institute (Lemhanas), responds to his critics. JAKARTA (JP): "The challenges facing Indonesia in the next five to eight years are crucial.

Serang on the Internet

Serang on the Internet SERANG, West Java: Cyberspace welcomed a new website yesterday as the regency of Serang opened up its very own homepage. Serang regent Sukron Roshadi said the website is aimed at attracting investors to the area which is fast becoming an industrial and tourist hot spot. As reported by Antara, the address of the site is http://www.indosat.net.id/Serang. (mds)

Asian stocks poised for another poor week

Asian stocks poised for another poor week HONG KONG (Reuter): Asian stocks are mainly poised for another poor week, with Hong Kong depending on Wall Street for direction and sentiment weak in the rest of the region. "Traders in Hong Kong are driving these markets," one head trader said. "There's no theme out there...the rallies we saw in Jakarta and Kuala Lumpur have definitely run out of steam and I would suspect we'll test lows there again." U.S.

Bintan a new rising star for investment

Bintan a new rising star for investment By Johannes Simbolon JAKARTA (JP): In a relatively short time, Bintan Island in the Riau archipelago has turned itself into a burgeoning center for investment activities in Indonesia and Southeast Asia. Since the Indonesian and Singaporean governments signed an agreement to develop the island in 1990, money has been pouring in to make it ever more beautiful, industrious and rich.

Manpower office told to draw up 'wise' directives

Manpower office told to draw up 'wise' directives JAKARTA (JP): The House of Representatives promised Saturday to keep monitoring the government's preparations for implementing the newly approved manpower bill. Amid continued support for, and opposition to, the bill which was passed last Thursday, legislators agreed that the government should use the time between now and Oct. 1, 1998, when the bill comes into effect, to draw up quality directives for implementing it.

Traditional herbal 'jamu' needs scientific proof

Traditional herbal 'jamu' needs scientific proof JAKARTA (JP): Indonesian traditional herbal medicines, known as jamu, need to have empirically-proven curative elements to be scientifically proven and in order to compete in the world market, officials and manufacturers said at a seminar Friday.

Orchid forest smoke-free

Orchid forest smoke-free SAMARINDA, East Kalimantan: The 5,000 hectare Kersik Luway Melak orchid forest in Kutai has just been declared a smoke-free area in anticipation of the increasing number of fires which have become a national problem. Head of the Kutai environmental office, Fadil Anwar Achmad, hopes visitors will not be inconvenienced by the latest ban in an area which he says has a very high "dryness index".

TENNIS CHAMPION:

TENNIS CHAMPION: Indonesia's unseeded Andrian Raturandang won the third series of the Satelindo Indonesia Satellite Circuit after beating second seeded Alexei Gavrilov of Russia in yesterday's final 0-6, 6-3, 6-4 at the Senayan tennis complex. Andrian (above) who is being groomed for the 19th SEA Games here next month, bagged US$812.5. He was the only Indonesian to cruise to the semifinals and beat top seeded Jurek Stasiak of Australia to reach the final berth.

Dengue kills four in Medan

Dengue kills four in Medan MEDAN, North Sumatra: Dengue fever has claimed the lives here of at least four people, including a mother, her new born baby and 12-year-old daughter and hospitalized at least 42 others in the last week. Head of the Medan health office, Syahrial Anas, made a plea Saturday for residents to take precautionary measures against the continued spread of the disease which is transmitted by the Aedes mosquito.

U.S. cuts RI cacao prices

U.S. cuts RI cacao prices JAKARTA (JP): Cacao exporters in Southeast Sulawesi are losing at least Rp 28 billion (US$9.6 million) a year because of the mandatory cut in price of cacao exported to the United States. The head of the provincial plantation office, Soewondo, said in the provincial capital Kendari Saturday, that the price cut or automatic detention was imposed on Indonesia's cacao by the U.S. Food and Drug Administration in 1992 because the cacao did not meet U.S. standards.

Haze threatens RI's reputation

Haze threatens RI's reputation JAKARTA (JP): Haze continued to envelope many parts of the country yesterday as people began praying for rain to allay a problem which could tarnish Indonesia's image abroad. In Palangkaraya, Central Kalimantan, thousands of Moslems gathered in the parking lot of Bank Indonesia late yesterday afternoon to pray for rain, known as Istis'qa. The prayer was lead directly by head of the local branch of the Indonesian Ulemas Council KH Busra Chalid, Antara reported.

Crime victims' rights

Crime victims' rights Vice President Try Sutrisno has reminded us once again of the need to provide legal protection for crime victims. A public debate concerning the issue developed a few years ago, when crimes occurred with increasing frequency and brutality. Criminals took not only their victim's belongings, but often killed them too. Female victims were often raped. Because of those incidents, legal experts and organizations raised the need to protect crime victims.

Sutiyoso pledges not to disappoint Jakartans

Sutiyoso pledges not to disappoint Jakartans SEMARANG, Central Java (JP): Jakarta Military Commander Maj. Gen. Sutiyoso, who will be installed as the new City Governor next month, has pledged not to disappoint Jakartans. Sutiyoso said here Saturday he was ready for the job because he has adequate experience and knowledge on the capital's problems and its people. "I will do my best and I will try not to dissatisfy Jakartans," he told reporters.

Pupil held for stabbing school mate

Pupil held for stabbing school mate JAKARTA (JP): An elementary student has been arrested in South Jakarta for allegedly stabbing a junior high school student in the chest after an argument between the two, police said. Police arrested 13-year-old Nurwansyah on Friday morning when he was in class at a state elementary school in Kalibata, South Jakarta. "He will still be taken to court even though he is just an elementary school student," City Police spokesman Lt. Col. E. Aritonang said Saturday.

Pulogebang project delayed indefinitely

Pulogebang project delayed indefinitely JAKARTA (JP): The construction of a modern bus terminal in Pulogebang, East Jakarta, which was previously scheduled to start in July, has been postponed indefinitely due to financial problems, a city official said. "The terminal project is canceled again because the company in charge of its construction failed to get loans to finance it," the city's secretary assistant on economic and development affairs, Prawoto Danoemihardjo, said over the weekend.

Evicted Depok people occupy House compound

Evicted Depok people occupy House compound JAKARTA (JP): More than 70 residents of Pancoran Mas, Depok, who were recently expelled after occupying the National Commission on Human Rights office, took up position Saturday at the House of Representatives compound. One of the senior residents, Jacobus Marpaung, said yesterday they recently moved from the commission office on Jl. Latuharhari in Central Jakarta to a building belonging to the Bogor Regency in Cibinong.