Indonesian Political, Business & Finance News

Enteos Club reopens after 6-month hiatus

Enteos Club reopens after 6-month hiatus

JAKARTA (JP): The Enteos Bankers' and Industrialists' Social Club, an exclusive club which has 1,087 members, mostly prominent bankers and industrialists, is back in business after six months of inactivity.

The club, whose offices are on the 30th and 31st floors of the BRI-II building in Central Jakarta, ceased its activities last December because PT Mulia Persada Pacific, which manages the building, cut off the electricity and telephone used by the club.

The club then filed a lawsuit against the company.

"Although the lawsuit is not over yet, we are very happy with this progress. Now we can start our activities again," Indra Mardika, Enteos' Corporate Affairs Director, told The Jakarta Post at a party held to celebrate the club's re-opening on Saturday.

Lack of electricity forced the club to cancel a seminar which was due to be attended by the Norwegian Ambassador on Dec. 13, Indra said.

PT Mulia Persada Pacific said its actions were based on a failure on the part of the club to pay electricity bills since January 1993.

The company said a notice sent to the club in October, 1994, mentioned that it was Rp 648 million (US$294,545) in arrears for electricity and a later notice informed the club that it was Rp 2 billion in arrears for electricity.

Indra strongly denied the allegations.

"We never knew that we owed such a large amount of money. Let's wait for the court's verdict," Indra said.

"If we really do have a debt with the company, then why has it allowed us to use all the facilities again? The telephone has been working again since May 8, 1995," he said.

The club formally resumed its business on May 18, 1995.

None of PT Mulia Persada Pacific's executives have been available for comment.

"We suffered great losses over the last six months. We used to earn a net profit of between Rp 30 and Rp 70 million per day," said Linda B. Tani, one of the club's executives.

"That is why we have demanded that the court order the company to pay us Rp 150 billion ($67 million)," she said. (31)

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