Indonesian Political, Business & Finance News

Archive: 5 September 1997

58 articles found

Bravo to PM Mahathir Mohamad

Bravo to PM Mahathir Mohamad I watched Malaysian Prime Minister Mahathir Mohamad the other night on CNN's international news Q&A program. I was very much impressed by him. I would have liked to express my admiration for him directly via the telephone but then I thought that writing to The Jakarta Post would do just as well. Mahathir is today a star of Asia and I'm proud of him. He is an extraordinary Asian figure like former prime minister of Singapore Lee Kwan Yeuw.

The Listening Post

The Listening Post "Building English Skills Through Newspaper + Radio" Produced by American Language Center in cooperation with The Jakarta Post and Radio Sonora FM 100.9 Mhz * "Take," "put" and "turn" are like potatoes.

Pizza Hut gets 'halal' certificate

Pizza Hut gets 'halal' certificate JAKARTA (JP): Pizza Hut of Indonesia received a halal (permissible by Islamic law) certificate from the Indonesian Ulemas Council yesterday after a two-year campaign. The certificate, which has been sought by many foreign restaurants, was handed over by the head of the council's Fatwa Commission, Ibrahim Hosen, to Pizza's Hut country manager Kelvin Chen at one of its outlets in Cikini, Central Jakarta.

Man nabbed for robbing Hyatt guest

Man nabbed for robbing Hyatt guest JAKARTA (JP): A man was arrested by security guards at the five-star Grand Hyatt hotel in Central Jakarta Wednesday after breaking into a room and threatening the guest with a fake gun, police said yesterday. The suspect, identified as Chaleb Hartono, 30, had forced the victim, a British woman, to hand over her money and jewelry, City Police Spokesman Lt. Col. E. Aritonang said.

SE Asian currencies hit new lows

SE Asian currencies hit new lows SINGAPORE (Reuter): The bedlam spreading through Southeast Asian currencies showed no signs of easing yesterday as Malaysia's efforts to prop up its collapsing stock market worsened investor sentiment for the region. The already damaged benchmark Kuala Lumpur index dived to its lowest level in four years, dropping by as much as 10.07 percent at one point during the day before pulling back to close 2.62 percent down.

Conference on thalassaemia

Conference on thalassaemia JAKARTA: The University of Indonesia and Cipto Mangunkusumo General Hospital will hold the 2nd ASEAN Thalassaemia conference here between Sept. 8 and Sept. 10, Antara reported yesterday. The first conference, held in Penang in 1995 by the Thalassaemia Society of Penang, led to the establishment of the ASEAN Thalassaemia Society, which is chaired by Ruswandi of Indonesia.

Where to go in Bali:

Where to go in Bali: Music and entertainment * Nikko Bali Hotel: - Kupu-kupu Amphitheater, Balinese dance performances at 9 p.m. to 10 p.m., Legong Dance, on Tuesday, Joged Bumbung, on Thursday, Ramayana, on Saturday. - Oo Looloos Santap Restaurant presents live music daily except Monday at 9 p.m. to 2 a.m.

Sarwono accuses three firms of burning forests

Sarwono accuses three firms of burning forests JAKARTA (JP): State Minister of Environment Affairs Sarwono Kusumaatmadja charged yesterday three companies in Riau and Central Kalimantan with illegally burning forests to clear land for plantations and called for stern measures against them. Sarwono alleged PT Surya Barokah in Central Kalimantan, PT Musim Mas and PT Tor Ganda in Riau had illegally burned forest to clear land.

Indosat raises investment

Indosat raises investment JAKARTA (JP): State-owned PT Indosat has decided to increase its investment in the Personal Communication Network (PCN) project. PCN is the next generation of digital wireless telephone systems that uses light, inexpensive mobile phones with long battery life to communicate via low power antenna. The company held an extraordinary general meeting of shareholders here yesterday to approve changes in investment in the PCN project.

Where to go in Surabaya:

Where to go in Surabaya: Music and Entertainment * Tunjungan Crystal Hotel, Jl. Tunjungan 102-104: - Lounge Bar: Stief's Band, Tuesday, Thursday, Saturday, open at 8 p.m. to 12 p.m. - Lobby: Solo Piano, daily, 6 p.m. to 9 p.m. * Mirama Hotel, Jl. Raya Darmo 58-76: - Mirama Bar: Pandawa Band, Monday, 9 p.m. to 1 a.m., Haztoria Band, Tuesday, 9 p.m. to 1 a.m., Abouwhim VG and Bubi Chen Virtuoso Band, Wednesday, 8 p.m. to 1 a.m., Abouwhim Band, Thursday, 9 p.m.

Chinese fishermen under trial

Chinese fishermen under trial TERNATE, Maluku: More than 300 Chinese fishermen are being tried in the district court of Tual, Maluku, an official from the local justice ministry office said. Baren M. Sinaga was quoted by Antara as saying on Tuesday that 301 fishermen and skippers from 16 foreign fishing vessels were detained by Navy patrols while illegally fishing in eastern Maluku Tenggara waters. The trial of the 301 Chinese fishermen and skippers started Aug. 20, he said.

Bogor to have airport buses

Bogor to have airport buses JAKARTA (JP): The Bogor mayoralty is to begin operating 10 air-conditioned buses between the town and Soekarno Hatta International Airport. Bogor Mayor Eddy Gunardy has reportedly given the green light to the state-owned airport operator company PT Angkasapura II to start services of the 35-seater buses. A member of staff at the Bogor Land Transportation Agency, Bambang, said the state-owned DAMRI buses would charge Rp 7,000 (US$2.30) per trip.

Gas oil prices up despite stock build

Gas oil prices up despite stock build SINGAPORE (Reuter): Singapore gas oil market continued its relentless rally yesterday as another 600,000 barrels were traded despite initial concerns over the huge build in Singapore's middle-distillate stocks, traders said. "Indonesia has been buying like nothing," one trader said. "They bought two cargoes today." One of Indonesia's affiliates bought one cargo a day earlier.

ATPC to meet in Nigeria

ATPC to meet in Nigeria ABUJA (Reuter): The Association of Tin Producing Countries (ATPC) will hold its annual meeting from Sept. 16 to 23 in the Nigerian capital Abuja, Nigerian officials said. Officials of the solid minerals ministry said the ATPC executive would meet from Sept. 16-20, while mining ministers would hold their meeting from Sept. 20-23.

Toddlers given wrong vaccine

Toddlers given wrong vaccine JAKARTA (JP): The anti-polio drive (PIN) in Riau got off to a blunderous start as 224 toddlers in Tangkerang Timur subdistrict were mistakenly given the wrong vaccine. Health officials here admitted to Tuesday's mixup saying that tetanus toxoid vaccines were dropped into the toddlers' mouths instead of polio vaccines. The tetanus vaccines were originally intended for mothers. But health officials were quick to deny that any negative side effects would occur.

Court to summon President Soeharto

Court to summon President Soeharto JAKARTA (JP): The South Jakarta District Court ordered state prosecutors to summon President Soeharto who is said to be the victim of alleged defamation by defendant Rachmad Buchori, the secretary of former politician Soebadio Sastrosatomo. Presiding judge Suratman said yesterday the panel of judges agreed with Rachmad, alias Buyung R.B., who asked that the injured party in the defamation suit appear before the court to attest that he was defamed.

75 netted in nightspots raid

75 netted in nightspots raid TANGERANG (JP): Sixty-four waitresses and 11 waiters were arrested at three nightspots in a joint raid by Tangerang police precinct and Serpong police subprecinct Wednesday evening. They were accused of violating article 503 of the criminal code on public order. Each of them was fined Rp 15,500 (US$5.80) at Tangerang District Court yesterday.

World class rally drivers to compete in Medan

World class rally drivers to compete in Medan JAKARTA (JP): World top rally drivers who dominated the race through its 11th stop in Finland last week will continue their battle for top honors when they compete in the Gudang Garam World Rally Championships in Medan, North Sumatra, from Sept. 19 to Sept. 21.

National soccer team to hold trial matches

National soccer team to hold trial matches JAKARTA (JP): The SEA Games soccer team will hold three trial matches with foreign teams in Bandung from Sept. 14, the Indonesian Football Association (PSSI) announced Wednesday. PSSI chairman Azwar Anas said in Bandung, West Java, that the trial matches would be held Sept. 14, Sept. 21 and Sept. 28. Azwar declined to name the foreign teams.

'Ken Dedes': Refreshing touch on gender power plays

'Ken Dedes': Refreshing touch on gender power plays By Yogita Tahil Ramani JAKARTA (JP): A movie screen descended at one point in the modern dance-drama Ken Dedes, projecting a hand penning a poetic message. "She rises from a monument," it read. "On the way to her destiny, she scatters frangipani on land, smelling as sweet as her perfume.

For arrested for making, selling guns

For arrested for making, selling guns JAKARTA (JP): Four men have been arrested for allegedly producing and selling homemade pen-shaped guns. City Police Spokesman Lt. Col. E. Aritonang said yesterday that police examinations of the weapon, classified as a handgun, had proved that it was accurate. "It is accurate up to five meters but it can fire much further than that," he said. The gun consists of a 20-centimeter-long and two-centimeter- diameter metal tube.

Abilio reelected E. Timor governor

Abilio reelected E. Timor governor DILI, East Timor (JP): Abilio Jose Osorio Soares was reelected yesterday as governor of East Timor for the 1997/2002 period in a landslide victory over two other candidates. All 45 council members cast their votes in a special plenary meeting of the provincial legislative council. Abilio captured 40 votes while Nazario Jose Tilman de Andrade and Virgilio Maria Dias Marcel only obtained three and two votes respectively.

Russia to expand arms sales in SE Asia

Russia to expand arms sales in SE Asia By Dwi Atmanta DENPASAR (JP): Russia is looking to expand its military equipment market in Southeast Asia, the head of the Russian parliamentary delegation to an international meeting, Sergey Boshkolov, said here yesterday. Speaking after his meeting with the ASEAN Inter-Parliamentary Organization (AIPO), Boshkolov said Russia would boost its promotion of conventional weapons and other high-technology products.

Ending the haze problem

Ending the haze problem It appears that the thick haze hanging over parts of the region since last month is not about to dissipate. Rather, the problem seems to be getting worse. The haze now plagues not only parts of Sumatra and Kalimantan but also areas in Brunei, Malaysia and Singapore. It not only hampers land and air transportation but has become a health hazard. Many people have complained that the haze is causing breathing difficulties and eye inflammations.

Minister slams Garuda over losses

Minister slams Garuda over losses JAKARTA (JP): Minister of Transportation Haryanto Dhanutirto slammed yesterday state-owned air carrier Garuda Indonesia for its recent huge losses and doubted the company would reach its profit target of Rp 300 billion this year. He said Garuda had become a "parasite" with total losses reaching Rp 122.8 billion (approximately US$42.34 million) in the first half of this year.

SEA Games committee struggling with budget

SEA Games committee struggling with budget JAKARTA (JP): The 19th SEA Games competition committee has announced it only received Rp 200 million in funds from the Rp 4.5 billion budget. Competition committee chairman, Hindarto, said Wednesday the committee had already overspent Rp 150 million. "At first the budget for holding events for the SEA Games was set at Rp 5.35 billion but only 16 percent of the budget was given during the committee's recent meeting," Hindarto said.

Stocks strengthen, rupiah still stable

Stocks strengthen, rupiah still stable JAKARTA (JP): Share prices rose 4.2 percent yesterday and the rupiah remained stable at 3,000 level against the U.S. dollar in response to the lifting of the 49 percent foreign portfolio holding limit and interest rate cuts, dealers and brokers said. The Jakarta Stock Exchange composite index closed up 21.282 points at 533.870, with total turnover of 519.732 million shares valued at Rp 545.439 billion (US$179.4 million).

Currency turmoil tempers regional markets

Currency turmoil tempers regional markets HONG KONG (AFP): Steep falls among Southeast Asian currencies against the US dollar tempered regional markets yesterday despite government efforts to shore up share prices. Nearly all Southeast Asian currencies led by the Malaysian ringgit dived to record lows against the greenback despite frantic government efforts to calm financial chaos.

'Update land title processing system'

'Update land title processing system' JAKARTA (JP): A property analyst underlined yesterday the importance of periodically changing the system for processing land titles to eradicate forgeries in Greater Jakarta. Panangian Simanungkalit said that periodic changes in the system, especially in the use of stamps, was badly needed because the current system had not been changed for many years, thereby enabling culprits to easily exploit its loopholes.

Preventing a crisis

Preventing a crisis The package of measures announced after the monthly cabinet meeting on Wednesday once again proves the crisis management capability of the Indonesian government. It is, nevertheless, too early to gauge the full impact of the move on the market sentiment and investor confidence. At first glance, the package, though short of badly-needed efforts to abolish market distortions such as monopolistic practices, is still commendable because it does not include antimarket measures.

'Political conflicts must be managed, not crushed'

'Political conflicts must be managed, not crushed' JAKARTA (JP): The government should manage political conflict rather than repress or sweep it under the carpet, says former minister of home affairs Rudini. Rudini said here yesterday that "even fiercer conflict" would otherwise develop, polarizing the government and the people, eventually leading to upheaval, if conflict repression continued.

RI buys Indian soymeal, may purchase more

RI buys Indian soymeal, may purchase more SINGAPORE (Reuter): Indonesian importers have bought about 60,000 to 80,000 tons of soymeal from India and may buy more over the next few weeks, traders said yesterday. "The Indonesians picked up a lot of soymeal, mainly for October/November shipment," a dealer for a commodity house told Reuters. "They bought about five cargoes and probably picked up more from other trading houses." "The Indonesians did buy some stuff.

IPB and Cilacap launch cooperation

IPB and Cilacap launch cooperation BOGOR, West Java: The Bogor Institute of Agriculture (IPB) and the Cilacap administration signed yesterday a memorandum to further cooperate in studying the effects of development in the regency. The agreement was signed by Cilacap regent M. Supardi and IPB rector Soleh Solahuddin. "We hope that through this cooperation the effectiveness of development can be enhanced," Supardi said. (24)

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Sept. 4, 1997: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 900 50 91,500 AHAP Insurance 2,500 0 0 Alter Abadi 850 100 7,500 Alumindo Light Metal 725 25 969,500 Alumindo Perkasa 500 0 0 Aneka Kimia Raya 975 50 727,000 Anwar Sierad 1,000 50 782,500 Apac Centertex Corp.

July 27 riot case remains unsolved: Right commission

July 27 riot case remains unsolved: Right commission JAKARTA (JP): The National Commission on Human Rights insisted that the case of the July 27, 1996, bloody riots in Jakarta, in which five people were killed, remained unsolved. "The case is still in court," commission chairman Munawir Sjadzali told the press after attending a bimonthly meeting with Coordinating Minister for Political Affairs and Security Soesilo Soedarman and senior military officers.

4,600 human remains to be moved

4,600 human remains to be moved JAKARTA (JP): The city funeral agency is to begin removing the 4,626 bodies buried in the Blok P cemetery Tuesday as part of a plan to build the South Jakarta mayoralty office on the site. City spokesman Kamaludin Santos said yesterday the removal of the graves from the cemetery on Jl. Prapanca Raya would take place from 8 a.m. to 3 p.m. on unspecified days until Sept. 21.

Businesspeople hail new economic reform package

Businesspeople hail new economic reform package JAKARTA (JP): Businesspeople and analysts yesterday hailed the government's latest reform package as a quick, concerted move to prevent the economy from collapsing. Businessman Sofyan Wanandi, banker Mochtar Ryadi, economists Christianto Wibisono, Mari E. Pangestu and Didik J. Rachbini said the move would convince domestic and foreign investors the government was determined to address their concerns.

Limit tenure for president

Limit tenure for president I fully subscribe to the opinion, recently voiced by Minister of Transmigration Siswono Judohusodo, that the tenure of a president in the post-Soeharto era (2003 onward) should be limited to 10 years, i.e. two terms of office. This does not change article seven of the constitution but it will need the consensus of the People's Consultative Assembly (MPR) when it convenes in 1998.

Bangladesh PM starts state visit

Bangladesh PM starts state visit JAKARTA (JP): Bangladesh's Prime Minister Sheikh Hasina arrived here yesterday for a four-day state visit to speed up the slow economic cooperation between the two countries. President Soeharto greeted Hasina in a state reception at Merdeka Palace. They held a brief discussion when she paid a courtesy call on him soon after her arrival yesterday.

Indocement hike cement prices

Indocement hike cement prices JAKARTA (JP): A rise in cement prices was essential to cover rising production costs, president of the country's largest cement producer PT Indocement Tunggal Prakarsa, said yesterday. Sudwikatmono said the rupiah's depreciation against the dollar had increased the production cost of cement as some raw materials like gypsum from Thailand and coal from Australia were imported.

Fishermen caught for bombing fish

Fishermen caught for bombing fish JAKARTA (JP): Seven fishermen were arrested by coastal police officers yesterday for using bombs and prohibited poisonous substances in the Thousand Islands in North Jakarta. Four of the seven were arrested near Semak Daun island. "They were using sulfur bombs to catch fish. This is very dangerous because besides killing baby fish, their action also damaged the environment," officer P. Sembiring said.

Two German climbers killed

Two German climbers killed SURABAYA: Two German climbers have been killed by a hail of volcanic rock and hot ash from the 3,676-meter Mt. Semeru volcano in East Java, Antara reported yesterday. Von der Becke Wiltroud, a 58-year-old woman, and Kiemaier Ersnt, a 55-year-old man, belonged to a group of German tourists visiting Semeru, one of Indonesia's 128 active volcanoes. Among 17 other members of the group, who remained unscathed, was the dead woman's husband.

Forestry funds to help rupiah

Forestry funds to help rupiah JAKARTA (JP): Minister of Forestry Djamaludin Suryohadikusumo said yesterday his ministry had deposited about Rp 400 billion (US$142 million) of reforestation funds in Bank Indonesia last month to help shore up the falling rupiah. Djamaludin said the reforestation funds were deposited on Aug. 16 in Bank Indonesia's Certificates (SBIs), the short-term promissory notes used by the central bank to drain liquidity.

Muchtar Pakpahan's trial resumes

Muchtar Pakpahan's trial resumes JAKARTA (JP): The subversion trial against labor leader Muchtar Pakpahan resumed yesterday after a six month adjournment due to the defendant's deteriorating health. The South Jakarta District Court heard testimony from a Department of Finance official, Ma'mun Gulmay, who was brought to the stand by prosecutors as an expert witness to confirm whether a civil servant's salary was adequate.

ASEAN plans joint action against speculators: Anwar

ASEAN plans joint action against speculators: Anwar KUALA LUMPUR (AFP): Malaysian Deputy Prime Minister Anwar Ibrahim said yesterday that Southeast Asian nations would launch a joint effort against an "economic war" launched by foreign speculators on their currencies. The government was not devoid of resources to battle western international syndicates who have launched a war against the region's share market and currencies, he was quoted by the Bernama news agency as saying.

India boldly scraps oil subsidies

India boldly scraps oil subsidies By Simon Cameron-Moore BOMBAY (Reuter): India's opposition parties will be silently thanking Prime Minister Inder Kumar Gujral for chopping back an oil price subsidy regime the country could increasingly ill afford, analysts said on Tuesday. The United Front minority coalition government had kept putting off a desperately needed oil price hike while the opposition crowed over its hesitancy -- until Monday.

Two car thieves nabbed

Two car thieves nabbed JAKARTA (JP): City police detectives gunned down two suspects in the early hours of yesterday in Sunter, North Jakarta, for allegedly stealing a Mercedes Benz sedan. According to City Police Spokesman Lt. Col. E. Aritonang, one of the suspects pointed an FN .45mm gun at the officers, who then had no choice but to shoot the two. The suspects were identified as Budiyanto alias Martono, 31, a resident of Sunter Agung, and Husein, 29, a resident of Ancol Selatan.

Ananda write 'musical history book' at home

Ananda write 'musical history book' at home By Emilie Sueur JAKARTA (JP): Pianist Ananda Sukarlan makes his Indonesian debut tonight at the Jakarta Performing Arts and Theater International Festival 1997. It is a coming home of sorts for Ananda, born in Jakarta in 1968. He said he began playing the piano for the simplest of reasons: "There was a piano in our home, and that's it." His first piano teacher was his sister.

Where to go in Jakarta:

Where to go in Jakarta: Exhibitions * Painting Exhibition: Estetika 5 Ekspresi, at Hilton Executive Club, Jl. Gatot Subroto, South Jakarta, 9 a.m. to 9 p.m., until Sept. 10. * Painting Exhibition: Nuansa Decoratif by Sutopo, Djoko Maruto, Petrus Pranagung at Mon Decor Gallery, Jl. Gunung Sahari Raya No.1 Blok B 13-14 Central Jakarta, 9 a.m. to 8 p.m., until Sept. 14. * Painting Exhibition: by Sri Hadhy, Tulus Warsito, Sukriyal Sadin and Kristiyanto at Hotel Kristal Jl.

Timika problems are 'complicated issues'

Timika problems are 'complicated issues' JAKARTA (JP): The National Commission on Human Rights attributed the recent intertribal tension that hit the Irian Jaya town of Timika partly to the local administration's inefficiency.

Sense of humor vital for debate

Sense of humor vital for debate I would like to thank Francesco of Jakarta for his vitriolic and humorless response (Aug. 27) to my article Xenophobic MP sours race debate in Australia (Aug. 8). Francesco's response has again reminded me of the sensitivity of cross cultural issue between neighbors. However, I must take Francesco to task on two points. First, he makes no mention of Dr. M.

Theater keeps traditional ties

Theater keeps traditional ties By Yenni Kwok JAKARTA (JP): There is a new buzzword for artistic styles. It is cengkok. Coined by Ki Hadi Sujiwo Tejo in a discussion of "Theater and Tradition" recently at Taman Ismail Marzuki in Central Jakarta, the Javanese-rooted cengkok has connotations beyond its formal meaning, which is "accent" as well as "singing style". Madurese speaking Indonesian have a different cengkok from Banyuwangi people.

Six islets vanish near Jakarta

Six islets vanish near Jakarta JAKARTA (JP): Six islands in the Thousand Islands chain in North Jakarta have disappeared and sand quarriers may well be partly responsible, an environmental official said yesterday. Hamar Martono, a fourth assistant of the environment minister, said the six islands were Pulau Ubi, Pulau Damar, Pulau Nirwana, Pulau Dapur and Pulau Laki.

Sukhoi fighter deal signed

Sukhoi fighter deal signed JAKARTA (JP): Indonesia will fund the purchase of Russian Sukhoi jet fighters and helicopters through a counter-purchase deal worth US$500 million, a senior minister said yesterday. State Minister of National Development Planning Ginandjar Kartasasmita revealed that a letter of agreement was signed during his visit to Moscow on Aug. 29 between the Indonesian Armed Forces (ABRI) and the Russian Federal State Unitary Enterprise Rosvoorouzhenie.

Developers want to build fewer low-cost homes

Developers want to build fewer low-cost homes JAKARTA (JP): Private developers urged the municipality yesterday to reduce the percentage of land they must set aside for low-cost apartments from 20 percent to five percent, councilors said yesterday. Saud Rachman and Lukman F.

Megawati not told about FCA decision

Megawati not told about FCA decision JAKARTA (JP): A close aide to ousted Indonesian Democratic Party (PDI) leader Megawati Soekarnoputri said yesterday she had not been informed of the cancellation of an invitation to speak before Singapore-based foreign correspondents. "Megawati has not received any formal notice about the cancellation. She's learned about it from the local press," an assistant to Megawati, Subagyo, told The Jakarta Post.

ING Barings revises down profit estimate for BNI

ING Barings revises down profit estimate for BNI JAKARTA (JP): ING Barings Securities has lowered its profit estimate for publicly listed Bank Negara Indonesia for 1997 and 1998 as the rupiah upheaval continues. The global securities company said in its latest research report that BNI's profit estimate for 1997 was revised down to Rp 384 billion (US$134.73 million) from Rp 469 billion while that for 1998 was lowered to Rp 423 billion from Rp 548 billion.

Cameramen hurt in movie's fight scene

Cameramen hurt in movie's fight scene KUALA LUMPUR, Malaysia (AP): Two cameramen were seriously wounded yesterday while filming a gunbattle scene for a Malaysian movie. Police said they were investigating why live ammunition was used in the scene instead of blanks, the national news agency Bernama reported. State criminal investigation chief Johar Che Din said no arrests have been made, and investigations were continuing.