Indonesian Political, Business & Finance News

Archive: 20 September 1997

60 articles found

Philippines has endangered birds

Philippines has endangered birds MANILA (AFP): The Philippines has the most number of endemic bird species which are in danger of extinction, according to a nationwide wildlife report obtained here yesterday. The Philippine Red Data Book, written by the Wildlife Conservation Society of the Philippines, noted that the country has 40 endangered bird species, more than any other country.

At least 2 workers injured as bridge beams collapse

At least 2 workers injured as bridge beams collapse JAKARTA (JP): At least two construction workers were injured yesterday when four concrete beams collapsed at the Tarum Barat bridge in Kalimalang, East Jakarta. The bridge's project officer, Siti Musyarofah, refused to explain the cause of the mishap but said that it was just an accident. "I can't explain further because it's still under investigation," she said.

IMF rules needed to rein in speculators

IMF rules needed to rein in speculators BANGKOK (AFP): Southeast Asian countries beset by turmoil in their financial markets will push the International Monetary Fund (IMF) for rules to rein in speculators at next week's global monetary talks, officials said yesterday. "We have deliberated and we will submit (our position)," said Malaysian Deputy Premier and Finance Minister Anwar Ibrahim.

Worldly wisdom

Worldly wisdom Modern life is beset with tremendous problems, with stress being an inescapable part of it. How do we face the challenges of life? Dada J.P. Vaswani, Indian philosopher-mentor-humanitarian, delivered a lecture recently in Jakarta on this topic. I had the good fortune to listen to his eloquent and thought-provoking discourse, and it was really an inspiring and rewarding experience.

Champ Greene promises to run under 10 seconds

Champ Greene promises to run under 10 seconds JAKARTA (JP): World 100 meters champion Maurice Greene of the United States has promised to time less than 10 seconds at the Bob Hasan Invitational Meet at the Madya Stadium, Senayan which starts today. "I cannot say whether I can create a world record but I am confident that I could run less than 10 seconds," Greene said Thursday.

The 19th SEA Games Budget Spending

The 19th SEA Games Budget Spending Cash Rp 11,023,059,907 Sports equipment Rp 7,834,444,190 Other equipment Rp 9,266,010,604 Computers Rp 3,708,650,000 Transportation Rp 4,200,000,000 Training Rp 24,320,000,000 ------------------ Total Rp 60,352,164,701

Trio unfazed by haze in Mild Seven KL Open

Trio unfazed by haze in Mild Seven KL Open KUALA LUMPUR, MALAYSIA (Agencies): The haze got worse today at the US$300,000 Mild Seven Kuala Lumpur Open but three players who failed to let the conditions get the better of them were Australian Leith Wastle, South African Craig Kamps and Taiwan's Chou Hung-nan.

Latief-Desy rumor draws attention

Latief-Desy rumor draws attention By Budiman Moerdijat and Ivy Susanti JAKARTA (JP): The talk of the town in many circles and tabloids these days is not about the presidential election but the reported proposal of Minister of Manpower Abdul Latief to starlet Desy Ratnasari. Tabloids have been in a frenzy with news that the stylish minister has proposed to the family of the 24-year-old screen star from Sukabumi, West Java.

ASEAN puts monetary fund plan on ice

ASEAN puts monetary fund plan on ice By Anil Penna BANGKOK (AFP): In an abrupt about-face after just an hour of talks, Southeast Asian finance ministers put on ice an ambitious plan to set up a regional version of the International Monetary Fund (IMF) to rescue crisis-ridden economies. Thai Finance Minister Thanong Bidaya, who enthusiastically touted the proposal going into the talks late Thursday, came out saying regional economies lacked the wherewithal to institute such a fund.

IMF, WB declare war on corruption

IMF, WB declare war on corruption By Vincent Lingga HONG KONG, China (JP): The World Bank and the International Monetary Fund, which together hold more than US$300 billion in lending assets, are geared up to escalate the war on corruption during their annual meetings starting here next week. "We have been pushing this line on corruption since last year and we will again reaffirm to our board of governors that it is an area we will not withdraw from," World Bank President James D.

Food crisis, cholera claim 138 lives in Irian

Food crisis, cholera claim 138 lives in Irian JAKARTA (JP): The Ministry of Social Services is currently checking into reports that over 100 people have died in Jayawijaya regency due to a food shortage and cholera. Regent J.B. Wenas said casualties could be higher because many villages were located in remote areas which could not be monitored. He said food supplies have been dwindling because the dry spell has since mid-August caused many plants to die and rivers to dry up.

Sex lessons to prevent HIV/AIDS

Sex lessons to prevent HIV/AIDS JAKARTA (JP): Leading AIDS advocates called yesterday for sex education classes in schools so children can learn how to protect themselves from the disease. Legislator Nafsiah Mboi said sex education should make children aware of the dangers of irresponsible sexual behavior. She maintained that the classes would not be aimed at encouraging premarital sex but rather help students understand the virtues of abstinence.

Police forcibly disperse labor union congress

Police forcibly disperse labor union congress JAKARTA (JP): The second congress of the Indonesian Prosperous Labor Union (SBSI) ground to a sudden halt yesterday after police forced them to suspend their meeting at their headquarters in Tebet, South Jakarta. SBSI officials said eight of their members and four foreigners -- two Dutch journalists and two representatives from an Australian trade union -- were taken away by police for questioning.

List of power projects which are postponed and reviewed

List of power projects which are postponed and reviewed Projects Location Capacity Investment Operation MW US$million ------------------------------------------------------------------- Postphoned ------------------------------------------------------------------- 1. E. Palembang S. Sumatra 130 168.5 1998/1999 2. Cilegon W. Java 400 564.2 1999 3. Pasuruan E. Java 500 525 2000 4. Cilacap C. Java 450 677 2000 5. Serang W. Java 450 670 2000 6. Salak W. Java 165 266 1997/2000 7. Sarulla N.

Legislators' salaries unlikely to be raised

Legislators' salaries unlikely to be raised JAKARTA (JP): Five hundred new legislators due to be sworn in when the House of Representatives changes hands next month will unlikely see a raise in pay after their predecessors leave. House secretary-general Afif Ma'roef said yesterday that no salary hike was proposed. He explained that as long as the government applied a tight money policy, it would be impossible for him to ask for an increase in legislators' monthly salaries.

House Speaker calls for gradual political reform

House Speaker calls for gradual political reform JAKARTA (JP): House Speaker Wahono ended his five-year term yesterday with a fresh call for immediate political reforms to curb radicalism. Addressing the House of Representatives' last plenary session, Wahono said political measures taken by the government in the past were no longer relevant in the wake of growing public demands and complicated future challenges.

APC eyes RI's market

APC eyes RI's market JAKARTA (JP): American Power Conversion (APC), a producer of uninterruptible power supply (UPS), power surge protectors and other power protection equipment, has deemed Indonesia a potential market for its products. APC's managing consultant Celene Lim said Thursday that Indonesia would become one of the company's main markets in Southeast Asia in the future, given the rapid growth in personal computer sales in the country.

Police urged to probe forest fires

Police urged to probe forest fires JAKARTA (JP): The Indonesian Forum for Environment (Walhi) called on police yesterday to initiate a criminal investigation into allegations by the government that 177 companies have started various forest fires in Sumatra and Kalimantan. Walhi executive director Emmy Hafild cited the 1984 Environmental Law and Article 187 of the Criminal Code on deadly arson as the basis for initiating the investigation.

Ethnic violence mars Indonesia's image

Ethnic violence mars Indonesia's image Reports of continued anti-Chinese disturbances in Indonesia's South Sulawesi province are shocking and potentially damaging for the stability of the region. They also demonstrate how easily racial feelings can be aroused or, rather, re-aroused in a country where popular discontent already exists. There are racial and historical reasons for the anti-Chinese sentiment in South Sulawesi and other parts of Indonesia.

Soeharto endorses 1,000 members of Assembly

Soeharto endorses 1,000 members of Assembly JAKARTA (JP): President Soeharto has endorsed the entire lineup of 1,000 people for the People's Consultative Assembly (MPR) which will meet to elect the country's next president and vice president in March, the Ministry of Home Affairs said yesterday.

Games organizers spends Rp 60.4b on staging events

Games organizers spends Rp 60.4b on staging events JAKARTA (JP): The 19th SEA Games organizing committee has spent nearly Rp 60.4 billion (US$20,117,400) preparing to stage the event here next month. Arief Widodo Tjandrawinata, the organizers' planning and budget deputy, said yesterday that the organizers expected to receive Rp 20.7 billion of their budget in September and Rp 23.3 billion in October from the Games consortium, which is chaired by President Soeharto's son Bambang Tri Hatmodjo.

TV Today: Saturday, Sept. 20, l997

TV Today: Saturday, Sept. 20, l997 TVRI 2:00 p.m. News: Berita 14 2:30 Travel: My Country 2:45 Children's Film: The Crystal Maze 3:10 Teenager's Program: Vokal Grup SMU 3:35 Travel: Wisata Nasional 4:00 Regional News 4:30 Sports 5:30 TV Series: Full House 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 TV Drama: Foto Siapa 8:00 News: Lintasan Berita 8:05 Variety Show: Dibalik Kreasi 9:00 World News 9:30 Quiz: Siapa Dia...

Governor Surjadi inaugurates six cooperative shops

Governor Surjadi inaugurates six cooperative shops JAKARTA (JP): Jakarta Governor Surjadi Soedirdja inaugurated yesterday six cooperative shops that cater for the needs of the poor. The administration hopes that the Warung serba ada (all encompassing shop) project, which began three years ago, will continue to grow and shops will someday spring up in subdistricts throughout the city. The launching ceremony was held at a cooperative shop in the Kali Baru subdistrict, North Jakarta.

Where to go in Jakarta:

Where to go in Jakarta: Exhibitions * Painting and Ceramics Exhibition, works of Firman, Tisna Sanjaya, Agus Suwage and Suyatna, at the Lontar Gallery. Jl. Utan Kayu 68 H East Jakarta, Monday to Saturday, 10 a.m. to 5 p.m., until Sept. 30. * Contemporary Art Exhibition: Axis, at the National Gallery, The Art Exhibition Building, Jl. Medan Merdeka Timur, Central Jakarta, 10 a.m. to 8:30 p.m., until Sept. 24. * Painting Exhibition: by Soegeng, at the Galeri TC, Jl. Kemang Raya No.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Sept.19, 1997: Shares Close Change Trading Volume ------------------------------------------------------ Ades Alfindo 1,000 -25 15,000 AHAP Insurance 2,500 0 0 Alter Abadi 800 0 0 Alumindo Light Metal 800 25 21,500 Alumindo Perkasa 600 0 0 Aneka Kimia Raya 975 50 22,500 Anwar Sierad 1,025 125 840,000 Apac Centertex Corp.

Soemitro named commissioner of Bank Niaga

Soemitro named commissioner of Bank Niaga JAKARTA (JP): Bank Niaga shareholders appointed yesterday Indonesia's most senior economist Soemitro Djojohadikusumo as chief commissioner in a shake-up following the acquisition of the bank's majority shares by Tirtamas Group. The extraordinary shareholders' meeting, however, decided to retain Gunarni Soeworo as president. Soemitro, a former economic minister, is the father of Hashim Djojohadikusumo, Tirtamas's chairman.

C. Kalimantan rivers ebbing

C. Kalimantan rivers ebbing PALANGKARAYA, Central Kalimantan: Eleven major rivers in the province are quickly drying up, disrupting transportation of staple goods within Central Kalimantan. M. Parhusip, head of the transportation ministry's regional office, said conveyance of the goods now depended heavily on road transport, which was often hampered by haze enveloping the area.

UN defers E. Timor debate again

UN defers E. Timor debate again JAKARTA (JP): The United Nations is set to defer once again the debate on East Timor at this year's General Assembly, Antara reported yesterday. The general committee, which prepares the agenda for this year's assembly, unanimously agreed Wednesday to an Egyptian call for a deferment. Greece seconded the proposal, the news agency said in a dispatch from the United Nations.

Musuems must innovate 'or lose visitors to malls'

Musuems must innovate 'or lose visitors to malls' JAKARTA (JP): Unless the city's museums offer more attractive concepts to lure visitors they will be overwhelmed by the popularity of malls and recreation parks, an official said. The head of the local museums and renovation agency, Haswidi A. Taufik, said yesterday that museums in Jakarta were not on the public's list of entertainment priorities. "People's interest in visiting museums is still poor.

Govt approves Bakrie's rural phone system

Govt approves Bakrie's rural phone system PETALUMA, California (JP): The Ministry of Tourism, Post and Telecommunications has officially approved a rural telecommunications system developed by PT Bakrie Communications Corporation (BCC) and the state-owned PT Telkom. The certificate of the approval was presented by Director General of Post and Telecommunications Djakaria Purawidjaja to chairman of the Bakrie Group, Aburizal Bakrie, in a ceremony here Thursday.

Golkar councilor to be questioned

Golkar councilor to be questioned JAKARTA (JP): City police will question a Tangerang councilor of the dominant Golkar for allegedly assaulting his boss, head of the party's local branch, City Police spokesman said. Lt. Col. E. Aritonang said yesterday the investigation of Rusman Umar would require "special treatment" due to his position as a councilor. "Investigation of a person in a particular position, such as a councilor, requires special treatment.

Tanjung Jati A, C projects under review

Tanjung Jati A, C projects under review JAKARTA (JP): Giant Tanjung Jati A and C power projects, both located in Central Java, are among nine power projects under review as part of the government's retrenchment program. The program, announced Tuesday, includes the rescheduling or review of Rp 105 trillion (US$35.6 billion) worth of government and state-related projects.

Thailand opposes RI request

Thailand opposes RI request BANGKOK (DPA): Thai officials and wildlife protection activists have strongly opposed an Indonesian request for 12 Thai elephants and their mahouts to help the country round up their own wild pachyderms, sources said yesterday. Officials suspect Indonesia has asked for the Thai elephants to assist its efforts to turn local pachyderms into tourist attractions, like elephant rides and shows, which Thailand has done successfully for decades.

Only 39 cars reach finish line

Only 39 cars reach finish line By Robert Soelistyo PARAPAT, North Sumatra (JP): The drizzle that began in North Sumatra last Friday continued until yesterday to hamper the start of the World Gudang Garam Rally Championship. Only 39 of the 69 starting cars made it over the finish line yesterday.

Foreign exchange speculators

Foreign exchange speculators From Suara Karya Latest developments in the Indonesian economy are characterized by the unstable exchange rate of the rupiah against the U.S. dollar triggered by foreign exchange speculators. (Malaysia has accused George Soros, an American Jew, of being the perpetrator). Our own business tycoons and bankers have joined in the speculation racket to gain the largest possible profits. It will be the people who, directly or indirectly, will pay should a crisis occur.

Clove monopoly enhanced

Clove monopoly enhanced JAKARTA (JP): Minister of Industry and Trade Tunky Ariwibowo has issued a ruling to strengthen the clove trading monopoly of the privately-run Clove Stock Management Agency (BPPC). In Ministerial Decree No. 313/MPP/Kep/9/1997, dated Sept. 9, Tunky said only BPPC could trade or transport cloves via land, sea and air. The agency's chairman, President Soeharto's youngest son Hutomo Mandala Putra, was granted the clove-trading monopoly in early 1991.

Cleanup campaign in North Jakarta

Cleanup campaign in North Jakarta JAKARTA (JP): Alumni of the Australia-Indonesia Youth Exchange Program will organize about 1,000 people, including scuba divers, to remove rubbish from Molek Beach on the Ancol coastline in North Jakarta today. Coordinator Leonas Chatim said yesterday the one-day initiative, staged in conjunction with this week's 1997 Clean Up the World Campaign, will be held between 1 p.m. and 5 p.m..

House relaxes rule on proposal of bills

House relaxes rule on proposal of bills JAKARTA (JP): The House of Representatives ended its five-year sitting yesterday leaving what was probably the best legacy it could pass on to its successor: slightly less stringent requirements on initiating legislation. It remains to be seen whether the new internal rule, passed at a plenary session yesterday, would be sufficient to allow the House to actually initiate a bill for once.

School project delayed again after 25 years on hold

School project delayed again after 25 years on hold JAKARTA (JP): After a 25-year postponement, the city's plan to develop a school complex on its 18-hectare plot at Cibubur in East Jakarta may be delayed again. The government's directive to cut budget spending following the current monetary and stock market crisis has cast doubt over all city projects, including the long-awaited school. Deputy Governor of Economic and Development Affairs Tb. M.

Hard working Indonesians

Hard working Indonesians On the "Your Letters" page dated Sept. 12 I read Dictated procedure written by Mr. Al Workman of Jakarta. The Jakarta Post is to be admired for providing this page as an open forum for discussion. Mr. Al Workman only tried to explain his problematic situation. Why, he may be Indonesian, Indian or Canadian, we are all still human beings and tend to help each other on a humanitarian basis. There were even, he says, plenty of wheelchairs lying around. Mr.

Kempinski enters Indonesia

Kempinski enters Indonesia JAKARTA (JP): PT Prima Adhitama International Development will soon launch a hotel-apartment in partnership with European hotel chain operator Kempinski. Prima Adhitama director, Hendarto Rahardjo, said yesterday construction of the 36-floor building, called Kempinski Hotel & Apartment, would be finalized next month as scheduled. The hotel-apartment is located in the MidPlaza business superblock on Jl. Sudirman.

Council approves Harun's candidacy

Council approves Harun's candidacy JAKARTA (JP): City Council has approved the municipality's proposal to nominate its secretary, Harun Al Rasyid, for the position of deputy governor of economic and financial affairs. The council's deputy speaker, Sugeng Suprijatna, said in a plenary session yesterday that Harun, the only proposed candidate, received strong support from the four factions.

Executive tried for not insuring employees

Executive tried for not insuring employees JAKARTA (JP): Central Jakarta Court indicted an executive of a worker placement agency yesterday for failing to insure his employees and illegally hiring a foreign worker. Prosecutor Baginda Lumbangaol demanded defendant Abdul Muin M. Aliun, president of PT Almas Corporation, be sentenced to three months in jail with probation of six months.

Haze: What next?

Haze: What next? Despite official pledges to combat the haze, our forest fires are still raging uncontrollably and the smoke is seriously disturbing our neighboring countries. Malaysia has declared a state of emergency and its eastern state of Sarawak closed its schools yesterday after smoky haze choked the area. In Singapore on Thursday air pollution readings hit the worst level ever as the haze condition worsened. Indonesia is suffering no less.

New homes for quake victims

New homes for quake victims BIAK, Irian Jaya: Minister of Social Services Inten Suweno inaugurated 4,204 houses yesterday for victims of last year's massive earthquake here. The ceremony was held in Saukobiye village in Biak Numfor regency and attended by Irian Jaya Governor Jacob Pattipi. The devastating quake on Feb. 17, 1996, measured 7.0 on the Richter scale and claimed the lives of 113 people. More than 5,500 houses were destroyed.

Rupiah firm, stocks up amid regional weakness

Rupiah firm, stocks up amid regional weakness JAKARTA (JP): The rupiah was stable yesterday as the local stock market gained ground amid regional weaknesses, dealers and brokers said. Despite weak regional sentiment, rupiah remained stable yesterday as demand for the currency was quite strong among local players to meet weekly tax payments due Friday. Spot rupiah closed at 2,978/2,983, compared with an opening of 2,970/2,980 and a low for the day of 2,989.

Bank Modern to offer shares to foreign banks

Bank Modern to offer shares to foreign banks JAKARTA (JP): The founder of the publicly listed Bank Modern plans to sell some of his shares in the bank to foreign banks in a bid to expand the bank's international network. Bank Modern's chairman A. Samadikun Hartono said Thursday that four foreign banks had expressed interest in buying shares, which would account for around 20 percent of the total.

Drought will add pressure to economy: Ginandjar

Drought will add pressure to economy: Ginandjar JAKARTA (JP): The prolonged dry season, in addition to the government's retrenchment program, will add pressure to the country's economy. State Minister of National Development Planning Ginandjar Kartasasmita said here yesterday the long dry spell would inhibit growth in the agricultural sector and the gross domestic product.

Antidrug program targets schools

Antidrug program targets schools JAKARTA (JP): Executives of the Bersama antidrug non- governmental organization (NGO) have met with City Council representatives to discuss the launch of an anti-narcotics campaign here. Bersama chairman Putera Astaman said at Wednesday's meeting that the campaign was aimed at building awareness among local youths of the danger of drug abuse.

Theater group hails 'Julius Caesar' with Sundanese accent

Theater group hails 'Julius Caesar' with Sundanese accent By Yenni Kwok JAKARTA (JP): The audience expected a conservative approach in Studiklub Teater Bandung's production of Julius Caesar. "I wanted to watch a Julius Caesar with no thighs," pledged a journalist before the performance last week at Gedung Kesenian Jakarta. STB's take on Shakespeare's Julius Caesar, which has visited cities across Java and Bali since last July, made its last stop with performances in Jakarta on Sept. 9-10.

SE Asian currencies await finance talks

SE Asian currencies await finance talks SINGAPORE (AFP): Southeast Asian currencies ended mixed against the U.S. dollar yesterday with bearish sentiment prevailing ahead of the Group of Seven (G-7) and global financial meetings in Hong Kong. Trading was subdued as Southeast Asian finance ministers, meeting with European counterparts in Bangkok before descending upon Hong Kong, froze a proposal to create a regional currency rescue fund.

Sound financial system key to Asian sustained growth

Sound financial system key to Asian sustained growth By Vincent Lingga HONG KONG, China (JP): An inadequate financial system could threaten the foundation of Asian economic growth, financial analysts, International Monetary Fund (IMF) and World Bank executives here warn.

Is ecological damage a national security issue?

Is ecological damage a national security issue? By Anak Agung Banyu Perwita BANDUNG (JP): The office of the Coordinating Minister for People's Welfare together with the State Minister for the Environment have announced recently that the haze stemming from forest fires in Sumatra and Kalimantan is a national disaster requiring national action (The Jakarta Post, September 16, 1997).

Indonesia to set up R&D on tecommunications

Indonesia to set up R&D on tecommunications By I. Christianto PETALUMA, California (JP): Indonesia is to set up a telecommunications research and development center for commercial purposes, involving local and foreign telecommunications companies. Minister of Tourism, Post and Telecommunications Joop Ave said here Thursday that details of the planned center would be announced after a series of discussions were completed in a couple of months.

Indonesian maid made to eat feces

Indonesian maid made to eat feces SINGAPORE (Reuter): A Singaporean woman and her teenage son have been charged with forcing their Indonesian maid to eat dog feces, the Straits Times newspaper said yesterday. It said the 37-year-old woman and her son were charged in a district court with forcing the maid, who is only 15, to eat dog feces on three occasions.

Forest fire toll 'worse' in C. Java

Forest fire toll 'worse' in C. Java SEMARANG, Central Java: The toll from forest fires in Central Java is worse this year than during last year's dry season, an official of state owned forestry firm Perum Perhutani said. Public relations officer Soegiharto Soesilo told The Jakarta Post Thursday that 59,700 hectares had been destroyed. Among regencies hardest hit Rembang, Blora, Cepu and Boyolali regencies, he said.

An appeal for clean govt

An appeal for clean govt The International Monetary Fund (IMF) and the World Bank will again be holding their routine annual meeting beginning next week. This time, though, the meeting will be different from those held before as it will be held at a time when Asian countries, including Indonesia, are still reeling under monetary crisis. It is therefore not surprising that one of the main points on the agenda will be to find a suitable solution for those countries affected.

Surprise wins in Princess Cup quarterfinals

Surprise wins in Princess Cup quarterfinals TOKYO (AFP): Yayuk Basuki of Indonesia and Naoko Sawamatsu of Japan scored upset victories yesterday in the quarterfinals of the US$450,000 Princess Cup women's tennis tournament. Yayuk, currently ranked top in Asia at 22nd in the world, showed no ill effects of her hard work late Thursday night as she battled in swirling winds to beat American fourth seed Kimberly Po 7-5, 6-3.

SE Asia smog symptom of environment neglect

SE Asia smog symptom of environment neglect By Nick Edwards SINGAPORE (Reuter): The throat-clutching smog now choking much of Southeast Asia shows just how much the environment has been neglected in a quick and dirty dash for growth, environmental technology experts say. Asia has recorded phenomenal economic growth over the last two decades and with it has come heavy pollution, a problem exacerbated in Southeast Asia in recent weeks by smoke from Indonesian forest and bush fires.

Natuna boosted by Japan talks, but doubts remain

Natuna boosted by Japan talks, but doubts remain SINGAPORE (Reuter): Japanese involvement in Indonesia's Natuna gas field would be a major boost for the beleaguered US$40 billion project, industry sources and analysts said yesterday. But it was unlikely to signal that liquefied natural gas (LNG) would be Natuna's first marketing option, they said.