Indonesian Political, Business & Finance News

Archive: 17 May 1999

58 articles found

Perhapi, AusIMM sign deal

Perhapi, AusIMM sign deal JAKARTA (JP): The Association of Indonesian Mining Professionals (Perhapi) has signed a cooperation agreement with the Australian Institute of Mining and Mineralogists (AusIMM) to certify Indonesian mining experts. Association chairman Herman Afif Kusumo said on Friday in Canberra, Australia, that the cooperation aimed to improve the professionalism of the country's mining experts.

Soeharto giggles away Amien's allegations of corruption

Soeharto giggles away Amien's allegations of corruption JAKARTA (JP): Soeharto burst into laughter when Amien Rais said in a televised debate on Friday the former president tried to arrest him a few months before the May 21 transfer of power to then vice president B.J. Habibie, informed sources said on Saturday. Soeharto also giggled when Amien told Attorney General Lt. Gen. A.M.

Aplio/Phone, the Wizard that slashes your phone bills

Aplio/Phone, the Wizard that slashes your phone bills Melbourne-Jakarta: Rp 7,800/hour From her rented apartment in Melbourne, Australia, the blossoming and spoiled Jessi made an international call to Jakarta almost every other night. A typical upper middle-class 19-year-old studying at an Australian university, she would call her home in the West Jakarta area, or her boyfriend, or any of her many friends, and chat for 15 to 30 minutes.

The needy wait for safety net program assistance

The needy wait for safety net program assistance By Christiani S.A. Tumelap JAKARTA (JP): The eyes of Husin, a grandfather of six, shone bright as he talked about his tire repair business, a business he has been in for the last 20 years. "It may not be a big business, but it has never failed to help me keep my status as the family's breadwinner," he said while fixing a flat bicycle tire in his modest working space, a five- meter-square makeshift wooden room off Jl.

Telecommunications investors answer challenges

Telecommunications investors answer challenges Three years after the inauguration of the KSO Scheme in Indonesia's fixed-line telecommunications business, the total number of telephone lines has increased significantly, with more than one million new subscribers. Major foreign World Class Operators in Indonesia, known as KSO Investors or partners, have overcome the challenges to fulfill their commitments by completing new telephone lines target by the government.

Foreign bankers

Foreign bankers From Business Indonesia With reference to a report in one of the morning dailies about Mr. Mar'ie Muhammad's proposal that foreign bankers be recruited to work in Indonesia, allow me to appeal to him that he not talk so much about this matter. He is only proving that when he was a state official, things he handled became messy, and this messy state of affairs has remained until now. Let me give one example. When Mr.

APEC ministers warn of significant risks

APEC ministers warn of significant risks LANGKAWI, Malaysia (AFP): APEC finance ministers warned of "significant risks" for the region despite signs of returning investor confidence and an improved economic outlook as they ended talks here Sunday. In a joint statement, the ministers also warned of "serious challenges" especially in financial and corporate restructuring and dealing with poverty in crisis-hit economies, notably Indonesia, South Korea, Malaysia, the Philippines and Thailand.

Economic reform target dates

Economic reform target dates The following is the target dates for Indonesia's economic reform package under the latest agreement between the government and the International Monetary Fund. Box 1. Updated Financial Sector Reform Agenda I. Loan collection and asset recovery 1. State banks and AMU * Complete setting monthly asset collection targets for all banks. Target date: June 30.

Acehnese flee homes due to military raids

Acehnese flee homes due to military raids SIGLI, East Aceh (JP): About 1,000 residents from three villages in Pidie regency fled their homes on Saturday following interrogations by military who said they were seeking a colleague. Pidie military commander Lt. Col. Iskandar MS said the units withdrew from villages in Geulupang Tiga district, but he could not identify them. Pidie police chief Lt.Col.

Drinking water project launched in Tanah Abang

Drinking water project launched in Tanah Abang JAKARTA (JP): A drinking water supply plant donated by an Australian-Indonesian joint venture firm, PT Ovelgone Indonesia, was launched on Saturday on Jl. Kebon Kacang in Tanah Abang, Central Jakarta. The firm's managing director, Henk Ovelgone, said the project was aimed at helping provide local residents, drivers of public transportation vehicles and other motorists with healthy drinking water free of charge.

Habibie is 'Golkar's best of the worst'

Habibie is 'Golkar's best of the worst' JAKARTA (JP): The incumbent President B.J. Habibie is the best of the worst presidential candidates of the ruling Golkar party, a political lecturer said, while four others who were previously named as possible candidates pose a higher risk of fragmentation within the party. His chance of another term, however, is small because on the national level he is not popular, Ichlasul Amal, rector of Gadjah Mada University said in Yogyakarta.

Maintain national unity: Ex-servicemen

Maintain national unity: Ex-servicemen JAKARTA (JP): More than 1,000 retired military and police officers called for all groups in society to end all forms of conflict and animosity to help calm chaotic situations. "Current threats to national unity and the existence of the 1945 Constitution and Pancasila have reached an alarming level.

New telecoms feature planned

New telecoms feature planned JAKARTA (JP): New technology and services are among the major growth areas of the telecommunications industry's future. Companies are competing to provide facilities like value-added services and information technology, including electronic data interchanges and multimedia services, Internet content and access services.

Police deny arrests made in Istiqlal bombing case

Police deny arrests made in Istiqlal bombing case JAKARTA (JP): City police chief Maj. Gen. Noegroho Djajoesman insisted on Saturday that his men had made no arrests in connection with the April 19 bombing at Istiqlal Grand Mosque in Central Jakarta. "Who said that we've already arrested the suspects (in the blast)? The people concerned are just being questioned and have not been named as suspects," Noegroho said.

'Time' magazine puts Soehartos' wealth at $15b

'Time' magazine puts Soehartos' wealth at $15b JAKARTA (JP): United States news magazine Time discloses in its latest weekly issue that former Indonesian president Soeharto and his children have amassed a US$15 billion fortune during his 32 years of rule. "That includes $9 billion in cash that was transferred from a bank in Switzerland to another, presumably safer, bank in Austria shortly after Soeharto was forced from office (May 21) in 1998," said Time Inc.

Foreign banks file bankruptcy claims against local clients

Foreign banks file bankruptcy claims against local clients JAKARTA (JP): Credit Lyonnais Indonesia and Chinatrust Commercial Bank have filed bankruptcy claims against their Indonesian clients, the banks said last week. Credit Lyonnais Indonesia said on Friday it had filed a bankruptcy claim against ceramic maker PT Sandjaja Graha Sarana and its owner Tjokro Sandjaja for failing to pay a debt amounting to US$1.92 million.

Probe into RP police chief

Probe into RP police chief MANILA (AP): President Joseph Estrada accepted on Sunday a request by the national police chief to go on leave pending an investigation into accusations linking him to drug syndicates. Estrada accepted a similar request by Panfilo Lacson, the chief of a presidential anti-crime police force who was one of several officers behind the accusations against National Police Chief Roberto Lastimoso.

Russian crisis adds to Central Asia's suffering

Russian crisis adds to Central Asia's suffering By Mike Collett-White ALMATY, Kazakhstan (Reuters): For resource-rich but impoverished Central Asia, the timing of Russia's latest descent into political and economic crisis could hardly be worse. The five states in the region -- Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan -- are keen to underline their independence from Moscow and have forged ties with partners in the West and Asia to help loosen old Soviet bonds.

JSX to apply rating code

JSX to apply rating code JAKARTA (JP): The Jakarta Stock Exchange (JSX) will apply a company rating code by July 1 to give more transparency to investors about the companies' compliance to listing rules. "The rating code system covers 27 codes, each identifying a company's listing condition, such as whether a company is under a warning list or being suspended for some specified reasons," a JSX executive said on Friday.

A Golkar ticket for Habibie

A Golkar ticket for Habibie The possible repercussions (of Habibie being named presidential candidate) have naturally been well considered by Golkar's leaders. Obviously, they must have pondered all the pros and cons of their decision. We must respect that decision as an internal matter of Golkar, since it is Golkar that will bear the consequences of the move. But is Habibie in fact the best candidate to be president for the coming five years? This is a most intriguing question.

RP police clash with soldiers

RP police clash with soldiers ZAMBOANGA, Philippines (AP): A clash between a group of policemen and Philippine soldiers, apparently over a family feud in a southern village, left three bystanders dead and five injured, a military official said on Sunday. Among those killed were two children, police said. The military has custody of the soldiers but authorities are still looking for the four policemen involved in the fight Saturday in downtown Jolo, in Sulu province.

Loan recovery strategy seen as IMF-tailored

Loan recovery strategy seen as IMF-tailored JAKARTA (JP): The new strategy for recovering non-performing loans (NPLs) of the country's major banks, announced by the government on Friday, reflects strong pressure from the International Monetary Fund to accelerate the debt resolution process, according to analysts.

Two executives tried for swindling

Two executives tried for swindling JAKARTA (JP): Two executives of a private company were indicted at the West Jakarta District Court on Wednesday for swindling US$688,337 from privately run Bank Prima Express. Prosecutor Deddy S. Harahap said in his indictment that the defendants, identified as Tansri Benui alias Tan Beng Hoei, the chief commissioner of CV Wira Mustika Indah, and Soesanto Leo, the firm's president, conducted the crime in October 1997.

Shareholders of KSO Partners

Shareholders of KSO Partners Pramindo Ikat Nusantara: * PT Astratel Nusantara (Indonesia) * PT Indosat (Indonesia) * France Cables et Radio (France) * Marubeni Co.

What kind of coalition?

What kind of coalition? If media public opinion polls with all their inherent imperfections are anything to go by, it should be clear by now that of all the 48 political parties to take part in the June 7 general election, only a handful will emerge strong enough to influence the political decision-making process in this country for the next five years.

IBRA broke guarantee: Bond holders

IBRA broke guarantee: Bond holders JAKARTA (JP): Fixed-income investors in banks liquidated by the government last year have complained about the difficulties imposed by the Indonesian Bank Restructuring Agency (IBRA) to recover their government-guaranteed investments. Nathaniel Tanaya, who holds Rp 3 billion (about US$375,000) of bonds issued by the now defunct Bank Modern in 1995, said on Saturday that he and many other investors were experiencing problems trying to exercise their rights.

Clean water needed in Aceh

Clean water needed in Aceh LHOKSEUMAWE, Aceh: Most residents of North Aceh are still in want of clean water, Antara reported Sunday. Regent Tarmizi A. Karim said only around 200,000 out of one million residents have access to clean water, which, he said, was ironic in the industrial area. He urged managements of leading companies here such as PT Arun Ngl Co., PT AAF fertilizer company, PT Kertas Kraf Aceh and Mobil Oil Indonesia to help bring about the necessity.

A glimpse into Indonesian politics

A glimpse into Indonesian politics This article is based on an address to journalists made by Minister of Foreign Affairs Ali Alatas during a dinner hosted by the Asia-Europe Foundation in Jakarta on May 13. JAKARTA: If contemporary Indonesian history was a base relief of the kind we see in temples such as Borobodur in Central Java, we would currently be standing at the point where we are just about to pass the third panel and get our first glimpse of the fourth.

Going beyond the formal educational evaluation

Going beyond the formal educational evaluation By Mochtar Buchori JAKARTA (JP): Education is a series of acts done to help pupils or students actualize their individual potential, as one definition of education goes. This definition implies that any full educational act must in the end purport to guide students in their growth at an individual or personal level.

KSO's Achievements

KSO's Achievements 1. KSO brings investment: * Total investment: US$1.57 billion (as of March 1999). * Equity: US$568 million (as of March 1999). * Debt: US$1.008 million -- non-Government of Indonesia (GOI) guarantee (as of March 1999). 2. KSO accelerates telecommunications development: * Line construction: 1.37 million new lines (as of March 1999). * Strong customer service focus. * Customer base increase more than one million in three years. 3.

Dynamite fishing ignored in Sikka

Dynamite fishing ignored in Sikka MAUMERE, East Nusa Tenggara: Coral reefs in Sikka regency in the north of Flores island are under increasing danger as residents say fishermen are using explosives "almost every day". Siti Amina, 47, of Magepanda village, said the practice goes on even when police are in the area. The village secretary, Lukas Wawo said last week that the sound of explosives were heard up to 30 times a day, while security personnel waited to buy the fish.

Seaman hits out at wrong man

Seaman hits out at wrong man JAKARTA (JP): A member of the Navy beat up a bus conductor at the Senen bus terminal in Central Jakarta on Friday, after the soldier mistook the conductor for a thief. City police spokesman Lt. Col. Zainuri Lubis said on Saturday the seaman, identified as Anang, 25, was a member of the Indonesian Navy's West Fleet, which is based in North Jakarta. "He is now reportedly detained at West Fleet Headquarters, after being questioned at Senen Police station," Lubis said.

Removal companies enjoy robust trade

Removal companies enjoy robust trade By Sadie Mah JAKARTA (JP): With most expatriates and well-heeled locals having left the city after the riots of last May, you would expect the moving business in Indonesia to be in a slump. It's on the move, however, and most companies contacted by The Jakarta Post said that they were flat out with business. In fact, SRT International Movers reported a 500 percent hike.

Package contains orphaned baby

Package contains orphaned baby PURWOKERTO, Central Java: A lecturer at the Gen. Soedirman University here, Ratmi Sholehah, found a baby boy in a package sent by an unknown party on Thursday night. Antara reported late Friday that the baby, about three weeks old, was placed in an instant noodle box and placed at Ratmi's garage. Half an hour later Ratmi said she received a phone call from an anonymous man, asking her to take care of the baby.

Report cites Indonesia worse spot for piracy

Report cites Indonesia worse spot for piracy KUALA LUMPUR (AFP): Piracy on the high seas throughout the world rose substantially in the first three months of this year, with Indonesia remaining the most dangerous spot, maritime officials said. The Kuala Lumpur-based International Maritime Bureau (IMB) said in its latest report on piracy obtained on Sunday that from January to March 1999, there were 66 cases of piracy, up from 47 acts worldwide during the previous three-month period.

Only 4,000 people attend 'peaceful poll' gathering

Only 4,000 people attend 'peaceful poll' gathering JAKARTA (JP): Some 4,000 people, including housewives and children, attended a gathering to promote a peaceful general election at the 110,000-seat Senayan soccer stadium in Central Jakarta on Sunday morning. The number of attendees, mostly attired in sports apparel, appeared to be fewer than it was due to the vastness of the stadium, which has a more than 110,000-person capacity.

Indonesia wins two golds in karate

Indonesia wins two golds in karate COPENHAGEN (JP): Indonesia managed to win two golds and one bronze in the Danish Open karate championships here this weekend. Team manager Darwan Siregar said he was satisfied with the six athletes' performance in the championships, in which 16 countries competed. The championships are also being used as a warmup to the 20th Southeast Asian Games in Brunei Darussalam in August.

Uncertain Indonesia

Uncertain Indonesia Before the fall of president Soeharto a year ago this month, Indonesia won a US$49 billion loan from the International Monetary Fund, wrapped up in conditions to curtail corruption and introduce some transparency into government. Bolstered by a change in leadership which has at least halted the undisguised nepotism of the past, reforms have helped to get the Indonesian economy back on track, even if the process is unfinished and fraught with pitfalls.

Kuta incident leaves hawkers out in the cold

Kuta incident leaves hawkers out in the cold By Putu Wirata DENPASAR, Bali (JP): Kuta, one of the famous tourist destinations on this island, was an international harbor a few centuries ago. Then it was called Kuta-Mimba. Nowadays, Kuta has been transformed into an international holiday haven full of hotels, inns, restaurants, amusement centers and all the facilities an international tourist can dream of having.

Presidential debate on radio stations

Presidential debate on radio stations JAKARTA (JP): A presidential candidate debate is scheduled to be aired by four private radio stations grouped under the Masima Corporation in Jakarta on Monday. The four stations which will the air the debate between 10 a.m. and 1 p.m. are 100.2 FM FeMale Radio, M97 FM, 99.5 FM Delta and 101.95 FM Bahana, Masima assistant director Nia Soewardi said in a statement on Saturday.

Taiwan agrees to resume rice aid to Indonesia

Taiwan agrees to resume rice aid to Indonesia By Sylvia Gratia M. Nirang TAIPEI (JP): Taiwan will deliver promised rice aid to Indonesia after a delay of almost one year, according to the chairman of the State Logistics Agency (Bulog), Rahardi Ramelan. Rahardi, who is in Taipei to lead an Indonesian trade and investment mission, said here on Saturday that Taiwan would provide cash instead of rice as earlier pledged.

The visa saga

The visa saga I read complaints about the Australian Embassy's visa section in the readers' letters and can feel the frustration of the writers. I had such an experience with the American Embassy and was outraged. It seems to be the attitude of embassy officers these days to suspect every Indonesian as a "risk", who wants to enter their country and cheat on immigration rules.

Political parties to electioneer via 'TVRI'

Political parties to electioneer via 'TVRI' JAKARTA (JP): State-owned TVRI will start on Wednesday airing prerecorded political debates and orations of the 48 parties contending the June 7 general election. Each debate session involves three parties. Each party has two "monolog" sessions during the official 16-day campaign period which begins on Wednesday and concludes on June 4.

The world at your fingertips and a song in your throat

The world at your fingertips and a song in your throat What is the one thing technophiles and technophobes have in common? Technology, of course. Love it or hate it, embrace it or cringe from it, technology has entered all of our lives, changing the way we interact with the world. One branch of technology which is particularly invasive is telecommunications. The whole world is being connected by telephones, both fixed-lines and mobiles, and the Internet.

Rich urged to help curb malnutrition

Rich urged to help curb malnutrition JAKARTA (JP): The country's well-off are expected to make a concerted effort to help the some 1.3 million children across the archipelago suffering from malnutrition. Suharman Noerman, chairman of the internationally affiliated non-governmental organization Youth Ending Hunger Indonesia (YEH- Indonesia), said the "haves" could start in their local areas. "In every poor community, there must be one or two families who are better off.

Telkomsel focuses on customer services

Telkomsel focuses on customer services Amid increasingly various mobile telecommunications services, what else can a cellular operator offer to users? Telkomsel said that it has improved customer care services to stay in the lead of keen rivalry in Indonesia's cellular business. Telkomsel's director of operations, Laurens Bulters, said that nowadays, cellular operators were mostly known as cellular service providers. "We are working constantly on improving our services.

Watchdog holds last poll rehearsal

Watchdog holds last poll rehearsal JAKARTA (JP): The Independent Election Monitoring Committee (KIPP) staged its last poll rehearsal with about 70 participants, mostly students, at Proclamation Monument in Central Jakarta on Sunday. "We hope the participating students will inform their friends about this exercise," said Muflizar, coordinator of the program and also KIPP's Monitoring Division chairman.

Malaria common at Tanjung Lesung

Malaria common at Tanjung Lesung Over the last few months my family and I have visited Tanjung Lesung on the Sunda Straits three times. The tranquility and natural beauty of this area, less than three hours drive from Jakarta, is truly remarkable. Unfortunately, on the last occasion, both my wife and myself contracted malaria. The fact that both my wife and myself caught malaria is, perhaps, an indication that the incidence of the disease at Tanjung Lesung is very high.

Taiwanese agriculture firms to relocate to Indonesia

Taiwanese agriculture firms to relocate to Indonesia TAIPEI (JP): Several Taiwanese agriculture-processing companies are looking for opportunities to relocate their plants to Indonesia, visiting Industry and Trade Minister Rahardi Ramelan said on Saturday.

Where to go in Jakarta:

Where to go in Jakarta: Exhibitions * Cartoon Exhibition: Cartoons For Democracy, in Gallery Pasar Seni Jaya Ancol, Jl. Lodan Timur, North Jakarta, until May 18. * Graphics Exhibition: Ekspresi Grafis Dalam Ekspresi Buku II, at Pusat Kebudayaan Jepang - The Japan Foundation, Summitmas I, Jl. Jend. Sudirman Kav. 61-62 South Jakarta (Phone: 5201266), Monday to Friday 10 a.m. to 6 p.m., Wednesday 10 a.m. to 4 p.m., until May 21.

Candidates list released, doubts still lurk

Candidates list released, doubts still lurk JAKARTA (JP): The National Elections Committee finally announced the temporary lists of provincial legislative candidates on Sunday, but party officials raised doubts over the validity, citing possible technical errors. The fixed list will be issued on May 19, pending changes if any members of the public forward strong reasons for complaints against a candidate.

Respect for embassy staff

Respect for embassy staff Following the recent barrage of letters of condemnation of the Australian Embassy and its staff, allow me to throw in a bouquet. In nearly 25 years of dealing with the embassy in Jakarta, I can recall only a few occasions of difficulties and all were resolved. The old standards of following the rules, providing honest information and clarifications, and patience and humility will achieve results.

Asian nations welcome Japan's new aid plan

Asian nations welcome Japan's new aid plan LANGKAWI, Malaysia (AP): Asian nations on Sunday welcomed Japan's ambitious new initiative to help regional economies recover by guaranteeing Asian sovereign bonds. At a weekend meeting of Pacific-Rim finance ministers, Japan's Finance Minister Kiichi Miyazawa announced that Tokyo would guarantee bonds issued by Asian governments to help attract up to 2 trillion yen (US$17 billion) of domestic and foreign private- sector funds.

Parties solicit candidates

Parties solicit candidates By May 4, the last day for registration of legislative candidates, many parties were struggling to find candidates for the House of Representatives (DPR) and regional council members. As the time approached midnight, I received a telephone call from an old friend in Semarang (from 1981 to 1983 I was regional office head of a government agency in Semarang).

Alcatel continues to support RI telecommunications

Alcatel continues to support RI telecommunications Convinced that Indonesia will soon be on its journey toward recovery, Alcatel has never changed its commitment to this country. And it should not be surprising at all. The country's huge population and the vast geographical area represent a significant market for this global telecommunications company, which has been a leading supplier of communications systems to local state-owned and private sector customers.

Students stand for lessons

Students stand for lessons TANGERANG (JP): Sixty-seven secondary students of SD Kebon Baru at Ketapang village of Mauk district are studying on their feet in a tiny, emergency 'classroom' of the principal's official home. Deputy principal Maman said here on Saturday that the first and second grade students had learned under the poor conditions for two years since the old roof of the building broke down and damaged everything inside the students' three classes.

Ariawest finishes debt restructuring agreement

Ariawest finishes debt restructuring agreement JAKARTA (JP): PT Ariawest International announced on Saturday it had closed a debt restructuring deal with creditors and vendors. The company said the deal included the rescheduling of a US$212 million project financing loan and $57 million owed to vendors.

RI optimistic in men's singles title

RI optimistic in men's singles title By Primastuti Handayani COPENHAGEN (JP): Indonesia is optimistic about winning the men's singles titles in the World Championships this week after its failure in the Sudirman Cup semifinals on Friday. "We have a great chance to win the men's singles title. I have told the shuttlers to get over the loss in the Sudirman Cup and start concentrating on the World Championships," said team manager Agus Wirahadikusumah on Saturday.