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

Fri, 13 Mar 1998

JP/Once again, openness

Once again, openness As we watched some of our fellow developing countries successfully establish sound democratic systems, any signs of greater political openness at home have been welcomed with open arms.

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Fri, 13 Mar 1998

JP/Consumers foundation cautious in Games sticker probe

Consumers foundation cautious in Games sticker probe JAKARTA (JP): The Indonesian Consumers Foundation's vice chairman, Agus Pambagio, said yesterday that the foundation was being very careful in its investigation of alleged mismanagement of the 19th SEA Games fund-raising revenue.

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Fri, 13 Mar 1998

JP/Cabinet lineup is the talk of the town

Cabinet lineup is the talk of the town JAKARTA (JP): Names disappeared as quickly as they came yesterday as politicians, scholars, journalists and diplomats exchanged gossip about the lineup of the new cabinet.

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Fri, 13 Mar 1998

JP/City takes a step closer to enacting its green approach

City takes a step closer to enacting its green approach JAKARTA (JP): The long-awaited bill on establishing the city's Regional Environmental Impact Management Agency (Bapedalda) was passed by the city council into bylaw yesterday.

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Fri, 13 Mar 1998

JP/Habibie hands ICMI control to Achmad

Habibie hands ICMI control to Achmad JAKARTA (JP): New Vice President B.J. Habibie handed over the executive chairmanship of the Association of Indonesian Moslem Intellectuals (ICMI) yesterday to his deputy, Achmad Tirtosudiro.

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Fri, 13 Mar 1998

JP/Farm sector should get more attention: Analyst

Farm sector should get more attention: Analyst JAKARTA (JP): The new cabinet should pay more attention to the development of the agricultural sector than the last one did to reduce the country's dependence on imported commodities, according to a noted agricultural analyst.

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Fri, 13 Mar 1998

JP/Alcatel supplies Telkom

Alcatel supplies Telkom BANDUNG, West Java (JP): France's Alcatel Telecom will keep supplying equipment to the projects of state-owned PT Telkom despite the sharp depreciation of the rupiah against the U.S. dollar, Telkom's vice president D. Amarudien said yesterday.

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Fri, 13 Mar 1998

JP/Wiranto warns students not to leave campuses

Wiranto warns students not to leave campuses JAKARTA (JP): The Armed Forces (ABRI) promised yesterday to continue respecting student demonstrations, but warned that the military would not remain idle if the protests turned violent.ABRI Commander Gen.

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Fri, 13 Mar 1998

JP/Staid Australian college opens up a little

Staid Australian college opens up a littleBy Dewi Anggraeni JAKARTA (JP): Mention "Melbourne University Private" to some alumni of the University of Melbourne and you will see outrage; varying degrees, admittedly, but definite outrage.

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Fri, 13 Mar 1998

JP/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 * Announcing a shift to cyberspace: after nine years "The Listening Post" moves on.

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Fri, 13 Mar 1998

JP/Evolution not revolution

Evolution not revolutionBy Johannes Nugroho JAKARTA (JP): The 1998 General Session of the People's Consultative Assembly (MPR) has satisfied the minimum requirements of Article 2 in the 1945 Constitution, which states that the MPR must sit at least once every five years.

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Fri, 13 Mar 1998

JP/Students jailed for taking drugs

Students jailed for taking drugs BOGOR (JP): The district court here sentenced two students to one year in prison each yesterday for consuming drugs.

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Fri, 13 Mar 1998

JP/PT Tugu Pratama gained net profit of Rp 137b in 1997

PT Tugu Pratama gained net profit of Rp 137b in 1997 JAKARTA (JP): The monetary crisis has given a windfall profit to PT Tugu Pratama Indonesia, an insurance arm of state oil and gas company Pertamina, the company said yesterday.

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Fri, 13 Mar 1998

JP/Triple-tier transit project needs Amdal

Triple-tier transit project needs Amdal JAKARTA (JP): Lecturers and a city official have called on the developer of the triple-tier transit system -- to link Bintaro in South Jakarta to downtown Kota in West Jakarta -- to fast-track the project's Environmental Impact Analysis (Amdal).

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Fri, 13 Mar 1998

JP/Fix rupiah without delay

Fix rupiah without delay Independent of the IMF-plus, which may include a currency board system, the government should immediately fix the exchange rate of the rupiah at Rp 5,000 to one U.S. dollar, in line with the 1998/1999 state budget.

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Fri, 13 Mar 1998

JP/One-stop service for bank mergers to be established

One-stop service for bank mergers to be established JAKARTA (JP): A one stop service center will soon be established to assist banks merge and meet the new minimum capital requirement, a government official said yesterday.

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Fri, 13 Mar 1998

JP/Thief confesses, commits suicide

Thief confesses, commits suicide PURWOKERTO, Central Java: A burglar caught red-handed Wednesday who disclosed the name of his accomplice was found dead in his cell yesterday morning.According to Banyumas police chief Lt. Col.

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Fri, 13 Mar 1998

JP/Moslem youth organizations call for accountable cabinet

Moslem youth organizations call for accountable cabinet JAKARTA (JP): Three Moslem youth organizations issued yesterday a joint declaration calling on the President to establish a morally accountable cabinet which can help the country out of its economic crux.

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Fri, 13 Mar 1998

JP/BI sets deadline for banks to cut rates

BI sets deadline for banks to cut rates JAKARTA (JP): Bank Indonesia (BI) has set a deadline of April 15 for commercial banks to comply with its newly established ceiling for deposit rates.

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Fri, 13 Mar 1998

JP/Congratulatory notes and words for Habibie

Congratulatory notes and words for Habibie JAKARTA (JP): Congratulatory notes and words on B.J. Habibie's election as the country's seventh vice president were received yesterday.

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Fri, 13 Mar 1998

JP/Visa Card adventure

Visa Card adventure On Sunday, March 8, my husband and I experienced one of the most bizarre telephone conversations with the Visa Approval Service in Jakarta.

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Fri, 13 Mar 1998

JP/Goenawan Muhamad protests Ratna's arrest

Goenawan Muhamad protests Ratna's arrest JAKARTA (JP): Noted government critic Goenawan Muhamad and the Indonesian Society for Humanity are among the growing voices expressing their concern over the arrest of actress Ratna Sarumpaet and eight other activists.

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Fri, 13 Mar 1998

JP/Conversion Rates

Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on March 12, 1998: Buying Selling Rp Rp U.S. dollar 1 9,500.00 11,500.

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Fri, 13 Mar 1998

JP/Hindus complain over advert

Hindus complain over advert DENPASAR, Bali: The chairman of Parisada Hindu Dharma Indonesia, a council of Hindu religious leaders, and several leading Hindu activists have strongly criticized a controversial advertisement published in this month's edition of the Bali Kini tabloid.

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Fri, 13 Mar 1998

JP/Army colonel elected regent

Army colonel elected regent TANGERANG (JP): The regency legislative council elected Col. Agus Djunara the new Tangerang regent yesterday for the 1998/2003 term replacing Saifullah Abdulrachman.

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Fri, 13 Mar 1998

JP/Defendant hits prosecutor after being convicted

Defendant hits prosecutor after being convicted JAKARTA (JP): Enraged by a six-year jail term handed down by the Central Jakarta District Court for selling Ecstasy pills, a satay seller hit a prosecutor with a bench yesterday.

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Fri, 13 Mar 1998

JP/Muchtar Pakpahan admits involvement in street rally

Muchtar Pakpahan admits involvement in street rally JAKARTA (JP): From his hospital room, labor leader Muchtar Pakpahan has admitted that he distributed a letter urging nationwide protests during the just concluded General Session of the People's Consultative Assembly.

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Fri, 13 Mar 1998

JP/Flood-hit areas attract governor's attention

Flood-hit areas attract governor's attention JAKARTA (JP): Governor Sutiyoso inspected yesterday residential areas in East Jakarta which were inundated by floodwaters early this week.The first area the governor visited was Kramatjati district.

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Fri, 13 Mar 1998

JP/Standing tall

Standing tall As an observer from within the country, it appears to me that Indonesia is now in its third major crisis.

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Fri, 13 Mar 1998

JP/Coming to grips with corruption

Coming to grips with corruption The authorities in Beijing have once again demonstrated their determination to come to grips with rampant corruption in the country through a renewed and toughened campaign.

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Fri, 13 Mar 1998

JP/Currency stability is top priority: Soeharto

Currency stability is top priority: Soeharto JAKARTA (JP): Restoring currency stability will be the new government's most immediate priority, President Soeharto said last night."We're not asking for much.

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Fri, 13 Mar 1998

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on March 12 , 1998: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo ...

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Fri, 13 Mar 1998

JP/First Asian professor for Harvard university

First Asian professor for Harvard university NEW YORK (ANTARA): Indonesian professor Ali Shihab has been invited to become the first Asian intellectual to teach Islamic philosophy at the prestigious Harvard University in Boston, Massachusetts.

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Fri, 13 Mar 1998

JP/Leaders of nations slowly learn peril of nationalism

Leaders of nations slowly learn peril of nationalismBy Gwynne Dyer LONDON (JP): They are bringing out a designer version of Karl Marx's Communist Manifesto to mark the 150th anniversary of its first publication in 1848.

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Fri, 13 Mar 1998

JP/TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 Cartoon: Tom and Jerry Kid 3:10 Children's Dance: Aneka Tari Daerah 3:35 Talk Show: Sambung Rasa 4:00 Regional News 4:30 Student's Quiz: Cerdas Cermat 5:10 Documentary Film: Science World 5:30 Music: Lagu Pop Daerah 6:00 ...

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Fri, 13 Mar 1998

JP/Notice

Notice Publication of The Listening Post will be suspended for an indefinite period due to space constraints.The New Listening Post will be available on the homepages of American Language Center (www.indo.net.id) and Radio Sonora (www.sonora.co.

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Fri, 13 Mar 1998

JP/Business leaders call for reliable cabinet

Business leaders call for reliable cabinet JAKARTA (JP): Business associations called for a solid and capable new cabinet to strengthen and help restructure the country's crisis-hit industries.

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Fri, 13 Mar 1998

JP/PPP backs ABRI governor

PPP backs ABRI governor Samarinda, East Kalimantan: The provincial branch of the United Development Party (PPP) has announced it will only support an active-duty Armed Forces (ABRI) gubernatorial candidate.

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Fri, 13 Mar 1998

JP/Citizens foil taxi robbery

Citizens foil taxi robbery JAKARTA (JP): Residents foiled the attempted robbery of a taxi driver early Wednesday on Jl. Mandar Bintaro, in Tangerang, and caught the two suspects, eyewitnesses and police said yesterday.

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Fri, 13 Mar 1998

JP/Stock prices up 1.2% on renewed optimism

Stock prices up 1.2% on renewed optimism JAKARTA (JP): Stock prices on the Jakarta Stock Exchange (JSX) rose 1.2 percent yesterday in response to the election of Soeharto and B.J. Habibie as president and vice president for the next five years, stockbrokers said.

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Fri, 13 Mar 1998

JP/High-minded rhetoric on IMF unhelpful

High-minded rhetoric on IMF unhelpful Political scientist J. Soedjati Djiwandono wrestles with the emerging issues of nationalism and liberalism amid reports of a delay in loan installments from the International Monetary Fund (IMF).

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Fri, 13 Mar 1998

JP/Orangutan victim still recovering

Orangutan victim still recovering SAMARINDA, East Kalimantan: Supaini, 42, was still recuperating in hospital yesterday after he sustained injuries last week fighting off a 100-kilogram orangutan.

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Fri, 13 Mar 1998

JP/Soccer match-fixing probe to go on

Soccer match-fixing probe to go on JAKARTA (JP): Police rejected yesterday reports that they would stop investigating an alleged soccer match-fixing and bribery scam because it involved too many parties."That (allegation) is untrue.

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Fri, 13 Mar 1998

JP/IMF team due here for fresh talks

IMF team due here for fresh talks JAKARTA (JP): The government will not send a team to Washington next week but will instead hold talks with International Monetary Fund (IMF) officials due here soon to review the implementation of reforms, Indonesian and IMF sources said yesterday.

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Fri, 13 Mar 1998

JP/Price hikes a kick in butt for cigarette smokers

Price hikes a kick in butt for cigarette smokers JAKARTA (JP): The increase in cigarette prices by up to 120 percent this week might significantly reduce cigarette producers' sales this year, analysts said yesterday.

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Fri, 13 Mar 1998

JP/Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Art Exhibition: The Winning Entries of The ASEAN Essay, Photo, and Poster Competitions at 10 a.m. to 4 p.m. (except Saturday and Sunday), the ASEAN Secretariat, Jl. Sisingamangaraja 70A, Central Jakarta, until April 30.

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Fri, 13 Mar 1998

JP/Students refuse to stop protests

Students refuse to stop protests JAKARTA (JP): Students refused to ease up their campaign of on-campus protests yesterday as universities in four major cities witnessed demonstrations where people loudly criticized the government and demanded that prices of basic commodities be reduced.

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Fri, 13 Mar 1998

JP/Impersonator of bomb squad officer sought

Impersonator of bomb squad officer sought JAKARTA (JP): Police are searching for a man who impersonated an officer from the bomb squad and asked for money from the management of an office building in South Jakarta.City police spokesman Lt. Col. E.

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Fri, 13 Mar 1998

JP/The importance of criticism

The importance of criticism Whether we like to admit it or not, our current predicament stems from a dislike of criticism. Consequently, the nation and the state have developed in a climate devoid of censure and debate. Correction of authority and public opinion have been neglected.

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