Indonesian Political, Business & Finance News

Archive: 22 September 1997

47 articles found

Govt mulls lower phone tariffs for rural areas

Govt mulls lower phone tariffs for rural areas By I. Christianto PETALUMA, California (JP): The Indonesian government is exploring the possibility of introducing lower tariffs for rural telecommunications services in the country. Minister of Tourism, Post and Telecommunications Joop Ave said here over the weekend that setting lower rates for the rural telephone system was essential in encouraging villagers to use the services.

War on corruption doubted

War on corruption doubted JAKARTA (JP): The World Bank and International Monetary Fund's (IMF) anticorruption pledge received a cool response from observers here over the weekend. Well-known economist Kwik Kian Gie said in Indonesia's case the declaration was lip service rather than a concerted effort to put pressure on the government to eradicate corruption. "It (the declaration) will become a laughing stock among elite political and business groups here," Kwik said.

Surjadi denies slums razed for apartments

Surjadi denies slums razed for apartments JAKARTA (JP): Governor Surjadi Soedirdja denies the accusation that his administration has been burning slum areas in order to make way for low cost apartment projects. The plan to build apartments had nothing to do with the increasing number of fires in the city's slum areas, Surjadi said Friday when inaugurating three apartment buildings in Semper Barat, Sukapura and Penjaringan in North Jakarta.

Minister Hayono joins fun walk

Minister Hayono joins fun walk JAKARTA (JP): Minister of Youth Affairs and Sports Hayono Isman and thousands of members of the Indonesian Heart Foundation joined together in a fun walk along Jl. Jendral Sudirman, Jakarta, yesterday morning. The five-kilometer walk, sponsored by Meadow Lea, a margarine and cooking oil producer, started at the Senayan Sports Complex and headed through Jl. Jendral Sudirman and Semanggi cloverleaf, covering a distance of five kilometers.

Supervison vital for banking stability

Supervison vital for banking stability By Vincent Lingga HONG KONG (JP): A sound banking system, in addition to good governance, is the core of a crusade by World Bank and International Monetary Fund executives who are gathering here for their annual meetings. The IMF contends that the Southeast Asian financial crisis, which erupted in July, could have been lessened if the Thai government had worked harder at cleaning up its banking sector.

Global markets need global society, says George Soros

Global markets need global society, says George Soros By Vincent Lingga HONG KONG (JP): American financier George Soros said yesterday that financial markets were inherently unstable and international financial markets even more so because they did not operate in a vacuum.

Wahono's parting words

Wahono's parting words As many of us came to expect, some valuable pieces of advice were there to be found by those who were willing to listen to the address delivered by House of Representatives Speaker Wahono before the legislature's final plenary session on Friday before it is disbanded to make room for a newly elected group.

Spain's Carlos Sainz wins World Rally C'ship title

Spain's Carlos Sainz wins World Rally C'ship title By Robert Soelistyo MEDAN, North Sumatra (JP): Capitalizing on the unfavorable track conditions, slow starter Carlos Sainz and codriver Luis Moya powered their Ford Escort WRC to victory yesterday in the Gudang Garam World Rally Championship. Sainz, who made his debut last year, retained the title last year when he clocked the fastest time of 4 hours 37 minutes and 30 seconds.

Vietnam signs oil deal

Vietnam signs oil deal HANOI (AFP): State-owned PetroVietnam has signed a deal to explore for oil and gas off the country's southern coast with a consortium of American and Canadian corporations, the official Vietnam News daily reported Saturday. Under the contract signed on Friday by PetroVietnam, American OPECO International Inc. and Canadian Petroleum Vietnam Ltd., the three companies will explore an oil field in the South Con Son area off Vietnam's coast.

Indonesia had 3rd highest FDI in Asia last year

Indonesia had 3rd highest FDI in Asia last year JAKARTA (JP): Foreign direct investment (FDI) inflows to Indonesia were the third highest in the Asian region last year, almost doubling to US$8 billion from $4.3 billion in 1995, according to a new international investment report. The report published by the United Nations conference on Trade and Development (UNCTAD) says the amount of inflows follows that of China and Singapore.

Ardi Hapsoro shines in Volvo W. Cup

Ardi Hapsoro shines in Volvo W. Cup JAKARTA (JP): Indonesia's Ardi Hapsoro Hamidjojo retained the top position in the Southeast Asian League of the Volvo World Cup showjumping competition at the Arthayasa stable in Sawangan, Bogor, yesterday. Ardi, who rode Outrageous, finished second with four penalties and earned 13 points. He has collected 50 points from the three series. The 26-year-old rider won the first series and finished second in the second series in Kuala Lumpur early this month.

Obituary

Obituary JAKARTA (JP): Indonesia lost two senior figures over the weekend -- Teuku M. Hasan, one of the architects of the 1945 Constitution preamble, and Suhartoyo, a former ambassador to Britain. Suhartoyo died on Saturday morning at Mitra Keluarga Hospital at the age of 71. He was buried yesterday morning at Kalibata National Heroes Cemetery, He is survived by his wife, Umi Sudiati, five children and four grandchildren.

Petrosea responds

Petrosea responds Thank you for your letter of Sept. 16, 1997 that enclosed a copy of a letter from a disgruntled former employee of PT Petrosea. We appreciate the professionalism you demonstrated by asking for our response to the letter. The circumstances of the termination of Mr.

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.

'Asia Facility' urged for ailing economies

'Asia Facility' urged for ailing economies HONG KONG (AFP): Southeast Asian nations are taking their proposal for a regional fund to rescue ailing economies to the International Monetary Fund, officials said yesterday. "Yes, we are pursuing this," Malaysian Deputy Premier Anwar Ibrahim said.

Choked chickens religiously outlawed

Choked chickens religiously outlawed SURABAYA, East Java: A senior ulema condemned Surabaya chicken vendors for selling meat which he claimed was not processed in accordance with Islamic rules. The chairman of Indonesian Ulemas Council, K.H. Basri, told Surabaya authorities to take strong measures against what he described as cheating Moslem consumers. According to Islamic law, Moslems can only consume meat which has been properly slaughtered.

Sifting political science from politics

Sifting political science from politics By Ignas Kleden JAKARTA (JP): A statement by political scientist Juwono Sudarsono on Sept. 8, 1997 has sparked a heated debate on the topic of civilian political leadership in Indonesia. His point was that until 2005 the presidency in Indonesia should be held by someone firm and stable with extensive military training and field experience. The responses to this statement demonstrate clearly a double perception on a social science proposition.

Man hunted for assault

Man hunted for assault TANGERANG (JP): A number of detectives are looking for a man, who is believed to have assaulted his father with a hoelike tool. Sanukri, 35, has been reportedly attacked and wounded his fifty-year-old father Saabih while the old man was taking a good nap alone at their home in Teluk Naga, Tangerang, Friday afternoon.

Malaysian King to get RI degree

Malaysian King to get RI degree SEMARANG: Diponegoro University here will confer an honorary doctorate degree on Malaysian King Ja'afar Abdul Rahman. University Rector Muladi said yesterday: "Given his background and contribution to forging ties between Indonesia and Malaysia, we feel it necessary to award such a degree." The Malaysian King is revered as a person with esteemed academic credentials as he studied at Nottingham University, Oxford University and London School of Economics.

Palm oil bubbles up on Asian markets

Palm oil bubbles up on Asian markets LONDON (AFP): The palm oil market came to a boil last week, as drought across South East Asia, where two thirds of world supplies are produced, raised market fears over next year's harvest. Dealers on the Kuala Lumpur market in Malaysia, the hotbed of palm oil trades, and their counterparts in Rotterdam had hitherto counted on a plentiful harvest next year. However, the palms have been threatened by drought in Malaysia and Indonesia.

Drink seller killed over debt

Drink seller killed over debt JAKARTA (JP): A debt of Rp 2,000 (65 U.S. cents) has cost a street vendor his life. Saripin, 40, a coconut drink seller at the busy Tanah Abang market in Central Jakarta, was stabbed in the chest and wrist with a sickle Thursday after refusing to settle his debt with an ice vender. He died of blood loss two days later at the Sumber Waras hospital.

Ciliwung-Cisadane tunnel to go ahead: Minister

Ciliwung-Cisadane tunnel to go ahead: Minister JAKARTA (JP): The construction of a one-kilometer tunnel connecting the upstream sections of Ciliwung River and Cisadane River in Bogor, West Java, will proceed as scheduled despite the current monetary crisis, according to the Ministry of Public Works. The head of the Ciliwung and Cisadane Rivers Improvement Project, Siswoko, said the tunnel, which will be located 20 meters below the ground, was considered one of the government's top priorities.

Boiler association seeks tax incentives: Secretary

Boiler association seeks tax incentives: Secretary JAKARTA (JP): Local producers of boiler and pressure vessels say they need a tax incentive to enable them to compete with foreign suppliers. The Association of Indonesian Boilers and Pressure Vessels Producers (AKUBBI) said here over the weekend their products were not competitive because their prices were often higher than imported materials.

Asia's long-term outlook favorable: IMF committee

Asia's long-term outlook favorable: IMF committee HONG KONG (AFP): The long-term outlook for Asian countries, swept by currency turmoil, is favorable due to their solid economic fundamentals, the IMF policymaking body said yesterday.

JSX's share prices to remain sluggish

JSX's share prices to remain sluggish JAKARTA (JP): Share prices on the Jakarta Stock Exchange are expected to remain sluggish this week because of uncertainty in the currency market. Securities analysts and brokers said over the weekend that most investors were reluctant to reenter the bourse without fresh incentives.

Cuba, RI sign trade pact

Cuba, RI sign trade pact HAVANA (AFP): Cuba and Indonesia signed several agreements strengthening economic and cultural relations between their two people, during a visit here Friday by Indonesian Foreign Minister Ali Alatas. Alatas and Cuban Foreign Minister Roberto Robaina signed the agreements boosting investment and bilateral cooperation in general between the two countries, Cuban news agency Prensa Latina said.

Detainee found dead in bathroom

Detainee found dead in bathroom JAKARTA (JP): A detainee at Makasar police subprecinct in East Jakarta was found dead in a jail bathroom on Friday, a police report said. Dani Kuswardhani, 24, of Jl. Mangga Besar, Central Jakarta, was found by fellow prisoners hanging from a rope at 5:30 a.m., according to a report received by staff at Cipto Mangunkusumo General Hospital's morgue in Central Jakarta.

S'pore worries over myopic youth

S'pore worries over myopic youth SINGAPORE (DPA): Singapore's growing number of myopic youngsters has become an issue of national security, as it means more soldiers hitting the field wearing glasses, reports said yesterday. The Singapore Armed Forces must find ways to combat shortsightedness among young Singaporean men, said Colonel Lionel Lee, director of the Defense Medical Research Institute.

S'pore tanker owners face oil spill cost hike

S'pore tanker owners face oil spill cost hike SINGAPORE (Reuter): Singapore tanker owners face oil spill compensation bills at more than four times the present rate after the city state's maritime authority said on Saturday it had signed a tough international pollution protocol. Indemnity limits for oil spills were raised to 59.7 million special drawing rights (SDR) or about Singapore $118 million (US$78.15 million), from their previous limit of 14 million SDR (S$28 million).

Scholars criticize MPR members' list

Scholars criticize MPR members' list JAKARTA (JP): A political scientist expressed his regret yesterday that the government singled critics out from the People's Consultative Assembly (MPR) lineup representing various societal groups. Muhammad A.S. Hikam said that although various figures hailing from different groups filled the 100 seats provided for the MPR, they would likely play a rubber stamp role.

Jayawijaya deaths rise

Jayawijaya deaths rise JAYAPURA, Irian Jaya: The number of deaths due to cholera and starvation in the Jayawijaya regency has risen 251, Antara reported yesterday. Jayawijaya regent J.B. Wenas said authorities and community leaders in the area held a meeting yesterday to discuss immediate relief operations. The crisis is caused by the long dry season which have dried up water and resulted in failed crops. Wenas said people have been forced to drink dirty water as a result. (mds)

Polarization caused riots in Ujungpandang: Nasikun

Polarization caused riots in Ujungpandang: Nasikun YOGYAKARTA (JP): The ferocity of last week's riots in Ujungpandang, South Sulawesi, has prompted much soul-searching into what a sociologist describes as the segmentation of societal relations. Sociologist Nasikun of Gadjah Mada University suggests that a lack of sincere interaction between elements in society has created a polarization between differing ethnic, religious and economic groups.

Govt enacts new environment law

Govt enacts new environment law JAKARTA (JP): State Minister of Environment Sarwono Kusumaatmadja revealed that President Soeharto had enacted Friday the new Environment Law which will crack down on forest burners. Sarwono said yesterday there was "no way" companies guilty of burning forests in Kalimantan and Sumatra can get away with their unlawful deeds.

Reckless driving blamed for growing road accidents

Reckless driving blamed for growing road accidents JAKARTA (JP): The number of nationwide traffic accidents in the first six months of this year has reached 8,856, a 12.48 percent increase from the 7,873 of the same period last year, says an officer. Accidents this year have killed 6,295 people and injured 12,112 others compared to 5,634 dead and 10,529 from January to September last year, National Police Traffic Chief Brig. Gen. Ansyar Roem said Saturday.

Siswono and MPR

Siswono and MPR From Merdeka Not all cabinet ministers are like Minister of Transmigration Siswono Yudohusodo who had the pluck to speak of the limitation of a president's term in office in the post-Soeharto era. The Armed Forces commander immediately reacted: "It is still within the norms of courtesy, because the minister spoke of the post- Soeharto era." Imagine if the statement is made when Indonesia's third president takes office.

Reforestation fee in rupiah

Reforestation fee in rupiah JAKARTA (JP): The government is considering setting reforestation fees paid by forest concession holders in rupiah instead of the U.S. dollar, Antara said Saturday. Minister of Forestry Djamaludin Suryohadikusumo told the news agency he had submitted the proposal to President Soeharto. "If the change is approved, we will introduce the new policy this year," he said.

Sjafrie to replace Sutiyoso Wednesday

Sjafrie to replace Sutiyoso Wednesday JAKARTA (JP): Brig. Gen. Sjafrie Sjamsoeddin will be installed Wednesday as the new Jakarta military commander. Sjafrie, who recently left his position as city military chief of staff, replaces Sutiyoso, who has been elected Jakarta governor. The 1974 graduate of the Armed Forces Academy will be installed in a military ceremony to be led by Army Chief of Staff Gen. Wiranto at the City Military Command headquarters on Jl. Mayjen. Sutoyo in East Jakarta.

IISS brings West closer to East

IISS brings West closer to East By Jusuf Wanandi SINGAPORE (JP): The 39th annual conference of the International Institute for Strategic Studies held here from Sept. 11 to 14 was indeed a feast of intellectual discourse and exchange. It was an IISS annual meeting at its best for several reasons.

Let public join succession debate, says Amien Rais

Let public join succession debate, says Amien Rais JAKARTA (JP): Political observer Amien Rais said over the weekend that the public's input was needed in the debate on presidential succession. Amien, chairman of the 28-million strong Muhammadiyah Moslem Organization, said the debate was not exclusive to the People's Consultative Assembly (MPR). "People should play an active part in the presidential succession debates.

Charlie Wi takes Kuala Lumpur Open

Charlie Wi takes Kuala Lumpur Open KUALA LUMPUR (Agencies): Charlie Wi won his first big tournament as a professional yesterday taking the Mild Seven Kuala Lumpur Open by four strokes from Chinese number one Zhiang Lianwei and Taiwan's Lu Wen-teh. A smoky haze again settled on the Saujana Golf and Country Club but could not stop the 25-year-old Korean-American firing a four-under-par 68 to win the Asian PGA Omega Tour event with a four round total of 277, 11-under-par.

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 Belief in God the Almighty 4:00 Regional News 4:30 Travel Program: Wisata Nasional 5:00 Indonesian Lessons 5:25 Variety Show 5:30 Sports 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 Student's Program: Dunia Mahasiswa 8:00 News: Lintasan Berita 8:05 Music: Mozaik 9:00 World News 9:30 Music: Irama Masa...

The rights and responsibility

The rights and responsibility Campaign time is over and the general election has passed. The political configuration of Indonesia is clear. Members of the House of Representatives (DPR) have been appointed and have undergone a crash course program to familiarize them with the task ahead.

Prisoners lure guards, escape

Prisoners lure guards, escape JAYAPURA, Irian Jaya (JP): Two prisoners from Abepura Prison here escaped after convincing three guards to take them to a nearby brothel. Prison warden Mashudi said Saturday that Yaman Saiful, 31, and Sangkala, 27, lured the guards with alcohol and the promise of a free "session" with the prostitutes. The three guards accompanied the prisoners to the Sentani Kiri brothel, 25 kilometers from Jayapura, on Aug. 24.

Malaysia demands rules to rein in speculators

Malaysia demands rules to rein in speculators HONG KONG (AFP): Malaysia will not sign a global pact freeing up the financial services sector unless rules are put in place to rein in speculators, Deputy Prime Minister Anwar Ibrahim said yesterday. Malaysia will join the pact, being negotiated under the umbrella of the World Trade Organization (WTO), "only on condition that there are effective guidelines, mechanisms to protect emerging economies from unscrupulous speculators," Anwar said.

Residents told to stay indoors as haze worsens

Residents told to stay indoors as haze worsens JAKARTA (JP): The severity of the thick haze has prompted authorities in some provinces to urge people to stay indoors and shorten school hours to prevent exposure to the smoke's perilous effects. Governor Soeripto urged people in Riau to reduce outdoor activities and remain indoors. Through his spokesman, Lukman Jaafar, the governor said people should only go out of the house when it was really necessary.

Graduates needed in Irian villages

Graduates needed in Irian villages JAYAPURA, Irian Jaya: Irian Jaya needs 3,590 university graduates to work in 2,260 remote villages across the province, a local government official said. The volunteers will stay in the least developed villages to assist villagers in improving their living conditions, head of Irian Jaya's Rural Areas Development Agency Tedjo Suprapto told Antara Friday. The government allocates Rp 20 million for each poor village in the country per year.

Wynne, Mimma fight to qualify in Wismilak tourney

Wynne, Mimma fight to qualify in Wismilak tourney SURABAYA (JP): Indonesia's young hopefuls Wynne Prakusya and Mimma Chernovita still have to fight to qualify for the main draw of the 1997 Wismilak International women's tennis tournament here this week. Yesterday, Wynne beat Nora Koves of Hungary 6-3, 6-4 while Mimma beat junior Dewi Cynthia 6-0, 6-2.