:: jawawa.id :: Indonesian Business and Finance News

Tue, 10 Mar 1998

JP/Don't forget to pray

Don't forget to pray JAKARTA (JP): Armed Forces Chief of Sociopolitical Affairs Lt. Gen. Yunus Yosfiah said that Moslem Assembly members must not forget their duty to pray even amid the heavy schedule of their meetings.

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Tue, 10 Mar 1998

JP/Arbitration urged for compensation dispute

Arbitration urged for compensation dispute JAKARTA (JP): A legal expert called on the government yesterday to seek international arbitration if foreign investors sought compensation for projects canceled due to the economic crisis.

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Tue, 10 Mar 1998

JP/TV today

TV todayTVRI 7:00 a.m. Morning News 7:30 Talk Show 8:00 Breaking News 8:10 Music 8:50 Live Reports: The 10th Plenary Session of the People's Consultative Assembly and the Presidential Election. 11:00 TVRI News 11:15 Music 11:40 Profile: Paket Profil Politisi 12:00 p.m.

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Tue, 10 Mar 1998

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on March 9, 1998: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 800 ...

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Tue, 10 Mar 1998

JP/Soeharto reaffirms his election readiness

Soeharto reaffirms his election readiness JAKARTA (JP): President Soeharto sailed through a four- question interview last night with leaders of the People's Consultative Assembly to formally affirm his readiness to be renominated.Speaker of the Assembly Harmoko and his four deputies -- Lt. Gen.

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Tue, 10 Mar 1998

JP/More food parcels given to the needy

More food parcels given to the needy TANGERANG (JP): Tire manufacturer PT Gajah Tunggal handed out 20,000 parcels consisting of five kilograms of rice, two kilos of sugar, one liter of cooking oil and one bottle of ketchup to the poor in Jatiuwung district here yesterday.

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Tue, 10 Mar 1998

JP/MPR endorses broad State Policy Guidelines

MPR endorses broad State Policy Guidelines JAKARTA (JP): The People's Consultative Assembly endorsed yesterday the 1998/2003 broad State Policy Guidelines which many critics say fail to anticipate a likely deepening of the economic crises.

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Tue, 10 Mar 1998

JP/Album

AlbumPhoto A: Jusuf SyakirJP/obyMAN IN THE NEWS: The United Development Party's Jusuf Syakir is surrounded by journalists. Jusuf has been one of the prominent newsmakers during the 11-day General Session.

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Tue, 10 Mar 1998

JP/Where to go in Bandung:

Where to go in Bandung:Exhibitions * Photo Exhibition: Penghayatan Borobudur Sebagai Proses Visual by Heinz-Gnter Prager at the Galeri Soemardja, Art and Design Faculty of ITB, Jl. Ganesha 10, March 14-27. Discussion with Dr. Parwati Supangkat, March 18.

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Tue, 10 Mar 1998

JP/RI may collapse unless IMF reforms realized: Analysts

RI may collapse unless IMF reforms realized: Analysts JAKARTA (JP): Analysts said here yesterday Indonesia might be driven to the brink of collapse if it did not consistently implement the International Monetary Fund (IMF) reform package to improve its battered economy.

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Tue, 10 Mar 1998

JP/Ruling party prepares list of candidates for next cabinet

Ruling party prepares list of candidates for next cabinet JAKARTA (JP): Golkar has prepared a list of names which it considers suitable candidates for cabinet positions, but said it would not present it unless asked for suggestions by the next president.

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Tue, 10 Mar 1998

JP/Badminton body cancels plan to send athletes to clubs

Badminton body cancels plan to send athletes to clubs JAKARTA (JP): The Badminton Association of Indonesia has canceled its plan to train national shuttlers at various clubs and provincial branches.

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Tue, 10 Mar 1998

JP/Utut shares lead in chess meet

Utut shares lead in chess meet JAKARTA (JP): Indonesian Grandmaster Utut Adianto shared the lead with two Russians in the Grandmasters chess tournament in Calicut, India, Sunday.Utut, GM Yurtaev and GM Komliakov all scored 2.5 points.

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Tue, 10 Mar 1998

JP/Missing activists file 'still unopened'

Missing activists file 'still unopened' JAKARTA (JP): Marzuki Darusman of the National Commission on Human Rights urged police yesterday to probe the disappearance of two non-governmental organization activists early last month.

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Tue, 10 Mar 1998

JP/Three days of heavy rain causes widespread flooding

Three days of heavy rain causes widespread flooding JAKARTA (JP): Residents reeling from the weekend's downpour were struck again yesterday when heavy rain fell across the city, inundating more houses.

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Tue, 10 Mar 1998

JP/Pesticides: Valuable poisons when kept under control

Pesticides: Valuable poisons when kept under controlBy Ian Shaw and Janahar Murad JAKARTA (JP): Insect pests eat the food that farmers produce to satisfy our hunger, but the pesticides used to kill them may have a harmful effect upon consumers and exert long-term effects upon the environment.

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Tue, 10 Mar 1998

JP/Four villagers drown in flood

Four villagers drown in flood MEDAN, North Sumatra: Four people drowned after flash floods struck Muara Bolak Barus village in Tapanuli Tengah regency, Antara reported yesterday.The floods hit the area on Saturday night after the Aek Rogas and Aek Bolak rivers overflowed following heavy rain.

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Tue, 10 Mar 1998

JP/Blood crisis spark donor meeting

Blood crisis spark donor meeting JAKARTA (JP): In a bid to deal with blood supply shortages, the city chapter of the Indonesian Blood Donor Association will hold a meeting next month, one of its executives said yesterday.

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Tue, 10 Mar 1998

JP/No money, no exams

No money, no exams PURWOKERTO, Central Java: Almost 500 students at the state-run Jenderal Sudirman University here will be barred from sitting this semester's exams until they have paid their tuition fees.

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Tue, 10 Mar 1998

JP/Soeharto's accountability speech accepted

Soeharto's accountability speech accepted JAKARTA (JP): Another resounding approval for President Soeharto's statesmanship was voiced yesterday by the People's Consultative Assembly when it approved his account of his leadership of the country for the past five years.

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Tue, 10 Mar 1998

JP/ABRI warns against radical reform methods

ABRI warns against radical reform methods JAKARTA (JP): The Armed Forces (ABRI) warned yesterday that it would not permit political reforms to be pursued through radical means.The spokesman of the ABRI faction in the People's Consultative Assembly, Lt. Gen.

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Tue, 10 Mar 1998

JP/'D&R' chief editor questioned for seven hours

'D&R' chief editor questioned for seven hours JAKARTA (JP): The chief editor of Detektive dan Romantika (D&R) magazine, Margiono, was questioned by police for at least seven hours yesterday over his alleged involvement in the publication of the latest edition.

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Tue, 10 Mar 1998

JP/Military investigate Ibrahim Saleh

Military investigate Ibrahim Saleh JAKARTA (JP): The military has taken over from the police in questioning Brig. Gen. (ret.) Ibrahim Saleh for entering the People's Consultative Assembly building without proper ID while a session was taking place.Lt. Col. DJ.

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Tue, 10 Mar 1998

JP/Swedish aid for forest fires

Swedish aid for forest fires JAKARTA: The United Nations Development Program (UNDP) handed over forest fire-fighting equipment worth $750,000 from the Swedish government to the Indonesian government yesterday.

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Tue, 10 Mar 1998

JP/Rupiah rebounds after plunging to 12,500 to the dollar

Rupiah rebounds after plunging to 12,500 to the dollar JAKARTA (JP): The battered rupiah fell further in early trading yesterday touching 12,500 against the U.S. dollar on growing concern over a standoff between the government and the International Monetary Fund (IMF).

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Tue, 10 Mar 1998

JP/State Policy Guidelines offers progress but leave gaps

State Policy Guidelines offers progress but leave gapsBy Sri Wahyuni JAKARTA (JP): The People's Consultative Assembly (MPR) last night endorsed the 1998/2003 State Policy Guidelines, the blueprint for national development over the next five years.

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Tue, 10 Mar 1998

JP/Labor activists held over street rally

Labor activists held over street rally JAKARTA (JP): Four labor activists were arrested yesterday for staging a rally on a busy street in Central Jakarta, protesting skyrocketing prices of basic essentials and demanding the government increase workers' wages.During their brief protest on Jl.

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Tue, 10 Mar 1998

JP/BI moves to control rate increases

BI moves to control rate increases JAKARTA (JP): Bank Indonesia (BI) decided yesterday to peg domestic time deposit interest rates to its short-term promissory note (SBI) rates in a move to control rate increases.BI, the central bank, also announced an increase in SBI rates as well.

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Tue, 10 Mar 1998

JP/BII responds

BII responds In response to a letter by our customer, account No. 3- 06325.003-38946, on the withdrawal of a time deposit, and to straighten out the matter, we explain as follows.

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Tue, 10 Mar 1998

JP/Bulog to continue wheat flour import

Bulog to continue wheat flour import JAKARTA (JP): The State Logistics Agency (Bulog) said yesterday that it would still import wheat and wheat flour despite the abolishment of its import and distribution monopoly on the commodity in February.

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Tue, 10 Mar 1998

JP/Emil supporters admits nomination bid defeat

Emil supporters admits nomination bid defeat JAKARTA (JP): Gema Madani, a loose association of well-known scholars and non-governmental organization activists seeking to introduce political reform by proposing an alternative vice presidential candidate, admitted defeat yesterday.

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Tue, 10 Mar 1998

JP/Conversion Rates

Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on March 9, 1998: Buying Selling Rp Rp U.S. dollar 1 10,250.00 13,250.

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Tue, 10 Mar 1998

JP/The powers that be

The powers that be Among the various decrees enacted by the People's Consultative Assembly (MPR) yesterday, one will give the new president additional powers to deal with emergency situations.

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Tue, 10 Mar 1998

JP/First deaths recorded on haj pilgrimage

First deaths recorded on haj pilgrimage JAKARTA (JP): The first two deaths of Indonesian haj pilgrims this year have been reported. One was in Medinah, Saudi Arabia, and the other on the flight to Jeddah.

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Tue, 10 Mar 1998

JP/PDI reveals gender side

PDI reveals gender side JAKARTA (JP): The Indonesian Democratic Party is dying to see the country have its first female president, or at least a woman provincial governor.

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Tue, 10 Mar 1998

JP/Students continue food, reform demo

Students continue food, reform demo JAKARTA (JP): On-campus student protests calling for reforms and lower prices for basic commodities raged on in at least nine universities in Java yesterday.And thousands of students in South Sulawesi's capital of Ujungpandang took to the streets again.

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Tue, 10 Mar 1998

JP/Cilacap needs more fishermen

Cilacap needs more fishermen CILACAP, Central Java: Cilacap regent Herry Tabri says the area, which supplies Jakarta and other cities with a lot of their fish, has jobs for 15,000 people in the fishery industry.

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Tue, 10 Mar 1998

JP/'D&R' case

'D&R' case It is gratifying, indeed, to learn that the authorities have indicated they have no intention of revoking the publication license of the D&R weekly after its portrayal of the head of state as a King of Spades.

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Tue, 10 Mar 1998

JP/Sorry, no jeans at the Assembly

Sorry, no jeans at the Assembly JAKARTA (JP): About a dozen journalists were shocked yesterday when they were barred from entering the House of Representatives complex after a "no jeans" policy was enforced.The no T-shirt or jeans rule had been in place since the start of the General Assembly.

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Tue, 10 Mar 1998

JP/Sales of houses surge despite monetary crisis

Sales of houses surge despite monetary crisis JAKARTA (JP): Private home developers have experienced a surge in business since the rupiah fell sharply in value against the U.S. dollar at the end of last year, a property analyst said yesterday.

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Tue, 10 Mar 1998

JP/IMF loan delay upsets legislators

IMF loan delay upsets legislators JAKARTA (JP): The People's Consultative Assembly (MPR) members had strong words yesterday for the International Monetary Fund's (IMF) decision to delay its loans to Indonesia, arguing that national dignity was more important than bowing to international pressure.

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Tue, 10 Mar 1998

JP/Milk protest costs Karlina and friends Rp 2,250 each

Milk protest costs Karlina and friends Rp 2,250 each JAKARTA (JP): Astronomer Karlina Leksono and two other women were each fined Rp 2,250 yesterday for staging a protest against soaring milk prices at a busy Jakarta traffic circle.

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Tue, 10 Mar 1998

JP/Bank's action

Bank's action I am a customer of Bank Internasional Indonesia (BII). On July 4, 1997, I opened a six-month time deposit with its branch on Jl. Thamrin, amounting to Rp 1,050,000,000 (one billion and fifty million rupiah). The expiry date of the deposit was Jan. 4, 1998.

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Tue, 10 Mar 1998

JP/Decentralization a must for RI

Decentralization a must for RIBy Iwan Mucipto JAKARTA (JP): The Jakarta Post of Feb. 26 suggested that the troubled triple-tier transit system project was in danger of becoming the "triple blunder" project.

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Tue, 10 Mar 1998

JP/Hold the jingoism

Hold the jingoism Political, government and military leaders should refrain from further jingoistic outbursts in response to the IMF's decision over the weekend to delay by at least two weeks the disbursement of its second tranche of US$3 billion in bailout funds to Indonesia.

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Tue, 10 Mar 1998

JP/Rates for Tax Payment

Rates for Tax Payment JAKARTA (JP): The government announced yesterday new official conversion rates as the basis for payment of import duty, value added tax on goods and services, sales tax on luxury goods, export tax and income tax.

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