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

Wed, 18 Jun 1997

JP/Interactive TV for hotel

Interactive TV for hotel JAKARTA (JP): TRB Group, a private computer systems firm, introduced here yesterday an interactive TV system designed to improve hotels' services.

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Wed, 18 Jun 1997

JP/IPTN undeterred by mergers of giant firms

IPTN undeterred by mergers of giant firmsBy Endy M. Bayuni PARIS (JP): PT IPTN President B.J. Habibie said yesterday he was confident about the future of Indonesia's aircraft industry in spite of planned mergers of the world's giant plane makers.

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Wed, 18 Jun 1997

JP/Hartarto keeps door open to petrochemical investments

Hartarto keeps door open to petrochemical investments JAKARTA (JP): Coordinating Minister for Production and Distribution, Hartarto, said here yesterday that Indonesia still had openings for investment in the petrochemical sector, but he warned of increasingly tougher competition.

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Wed, 18 Jun 1997

JP/RP painter shows classic works

RP painter shows classic works JAKARTA (JP): Filipino painter Linda Marie Tabios will display some of her classic oriental works in a one-day exhibition at the Grand Hyatt Hotel on Monday.A presentation by Director General of Culture Edi Sedyawati will be held at 6:30 p.m.

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Wed, 18 Jun 1997

JP/Texmaco buys British clothes manufacturer

Texmaco buys British clothes manufacturer LONDON (JP): Indonesia's textile manufacturer Texmaco Group has ended months of speculation surrounding the future of the British clothing manufacturing company S R Gent by taking it over for US$48 million.

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Wed, 18 Jun 1997

JP/Fostering cooperation

Fostering cooperation The developing countries are beginning to stir and are finding their own, relatively effective, ways to attain greater welfare for their people.

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Wed, 18 Jun 1997

JP/Blocking militarism

Blocking militarism The Turkish people are working hard to block the trigger-happy generals' intimated invasion of the country's corridors of political power.

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Wed, 18 Jun 1997

JP/GSM-XL bills can be paid at BCA ATMs

GSM-XL bills can be paid at BCA ATMs JAKARTA (JP): PT Excelcomindo Pratama, which operates the GSM- XL cellular system, signed an agreement with Bank Central Asia (BCA) yesterday that allows its customers to pay their bills at the banks' Automatic Teller Machines (ATMs).Excelcomindo's president Y.

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Wed, 18 Jun 1997

JP/Where to go in Jakarta:

Where to go in Jakarta:Music * Hotel Horison, Jl. Pantai Indah, Taman Impian Jaya Ancol, North Jakarta: - The Anging Mamiri Garden: Fantastic Group from Philippines, Ever Green Hawaiian Band/Orkes Keroncong, Hula-hula Dances, every Saturday Night, 7 p.m. to 10:30 p.m.

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Wed, 18 Jun 1997

JP/Parties given eight more days to trade votes

Parties given eight more days to trade votes JAKARTA (JP): The General Elections Committee has given the three parties eight more days to decide whether they will trade votes to increase the number of seats in the House of Representatives won by the Indonesian Democratic Party (PDI).

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Wed, 18 Jun 1997

JP/Parties endorse election results in East Java

Parties endorse election results in East Java SURABAYA (JP): The three parties' East Java chapters endorsed election results yesterday to seal the allocation of seats in the provincial legislative council.

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Wed, 18 Jun 1997

JP/Officials defend action against vocational scholl

Officials defend action against vocational scholl JAKARTA (JP): A senior official denied yesterday that his office had not informed 21 vocational schools of poor performance before asking them to stop receiving new students this year.

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Wed, 18 Jun 1997

JP/Publishers seek ways to cut down book piracy

Publishers seek ways to cut down book piracy JAKARTA (JP): Cutting prices is the best way to combat literary piracy which is pushing local publishers to the brink of bankruptcy, a publisher said yesterday.

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Wed, 18 Jun 1997

JP/Indonesians triumphant in world boat race

Indonesians triumphant in world boat race JAKARTA (JP): Indonesia's traditional boat racing team has won "The Best Nation" title at the Second World Dragon Boat Championships.

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Wed, 18 Jun 1997

JP/Rupiah seen to remain attractive

Rupiah seen to remain attractive JAKARTA (JP): Bank Indonesia's Governor J. Soedradjad Djiwandono said yesterday the government would continue to depreciate the rupiah against the U.S. dollar to a level which could boost Indonesia's export performance.

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Wed, 18 Jun 1997

JP/Bunas Finance wants 66% profit hike

Bunas Finance wants 66% profit hike JAKARTA (JP): Publicly listed PT Bunas Finance Indonesia wants a 66 percent net profit increase this year, to Rp 55 billion from Rp 33.1 billion in 1996.President of the firm, Francis Lay Sioe Ho, said it had posted a 134 percent increase in net profit to Rp 9.

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Wed, 18 Jun 1997

JP/Biotechnology may 'spell disaster'

Biotechnology may 'spell disaster' JAKARTA (JP): Biotechnology may improve people's welfare but misusing it will spell disaster, President Soeharto warned yesterday.Biotechnology promises to overcome disease, pollution, destruction of biodiversity, food shortages, energy crises and other problems.

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Wed, 18 Jun 1997

JP/Family day in N. Sumatra

Family day in N. Sumatra JAKARTA: This year's National Family Day will be on June 29, with the highlight being a ceremony in Binjai, North Sumatra, presided by President Soeharto.

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Wed, 18 Jun 1997

JP/Police urged to improve image

Police urged to improve image JAKARTA (JP): The police force has to work hard to improve its image which has been tarnished by the conduct of individual personnel, a communication expert said yesterday.

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Wed, 18 Jun 1997

JP/Leaving the killing fields

Leaving the killing fields Khmer Rouge strongman Pol Pot, hiding on the historical sidelines of a country that he had plunged into murderous chaos, gave a stark reminder of the radical movement's mindset and methods when he murdered his defense chief Son Sen and 11 of his family members last week.

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Wed, 18 Jun 1997

JP/The Crocodile Coup

The Crocodile CoupBy Djanwar Madjolelo JAKARTA (JP): Alfred Sheinwold was a Briton who became one of America's leading bridge writers, he died in Los Angeles on March 8, 1997, aged 85.

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Wed, 18 Jun 1997

JP/Bakrie Finance Corporation to raise stake in Bank Nusa

Bakrie Finance Corporation to raise stake in Bank Nusa JAKARTA (JP): Publicly listed PT Bakrie Finance Corporation (BFC) plans to increase its stake in PT Bank Nusa Internasional to 82 percent from 47 percent as part of its restructuring program.

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Wed, 18 Jun 1997

JP/CMNP to raise Rp 500b from rights shares

CMNP to raise Rp 500b from rights shares JAKARTA (JP): Publicly listed toll road operator PT Citra Marga Nusaphala Persada (CMNP) will issue rights shares next month at a ratio of one to one to raise about Rp 500 billion (US$208.33 million).

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Wed, 18 Jun 1997

JP/Eradicating of corruption is 'impossible'

Eradicating of corruption is 'impossible' JAKARTA (JP): Eradication of corruption is impossible, State Minister of Administrative Reforms T.B. Silalahi said yesterday.He told a discussion on future leaders that corruption was impossible to eradicate because it was common throughout the world.

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Wed, 18 Jun 1997

JP/Many stranded as Bogor, Jakarta drivers strike

Many stranded as Bogor, Jakarta drivers strike JAKARTA (JP): Jakarta and Bogor public transportation passengers became victims of yet more strikes yesterday, as thousands were forced to walk long distances.

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Wed, 18 Jun 1997

JP/Man killed in Central Jakarta

Man killed in Central Jakarta JAKARTA (JP): Police have arrested three men for allegedly beating and stabbing a man to death and dumping his body in a Central Jakarta river.City Police Spokesman Lt. Col. E.

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Wed, 18 Jun 1997

JP/People await Serpong-Jakarta toll road

People await Serpong-Jakarta toll road JAKARTA (JP): Both residents and employees in Tangerang regency are looking forward to the completion of a 13.1-kilometer Serpong-Jakarta toll road project that started in 1992.

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Wed, 18 Jun 1997

JP/Vote rigging still exists in 1997 general election

Vote rigging still exists in 1997 general electionBy Cornelis LAY YOGYAKARTA (JP): In comparison with earlier general elections conducted under the New Order, the recent election showed some significant improvements.

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Wed, 18 Jun 1997

JP/Surya Toto to expand its markets

Surya Toto to expand its markets JAKARTA (JP): PT Surya Toto Indonesia, a Japanese-Indonesian joint venture manufacturing sanitary products and fittings, is expanding its export markets to include Australia, Myanmar, Qatar, the United Arab Emirates and Saudi Arabia, its president said.

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Wed, 18 Jun 1997

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on June 17, 1997: Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 1,575 ...

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Wed, 18 Jun 1997

JP/'Kartu Halo' miscalculates

'Kartu Halo' miscalculates Since February this year I have had two mobile phones with Kartu Halo. So far I have not received an invoice for either of the telephones.

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Wed, 18 Jun 1997

JP/Muller not Mueller

Muller not Mueller I read your article Peter Mueller the architect of dream resorts published in The Jakarta Post (Sunday, June 8).I naturally appreciate the compliments contained in that article but it is very disconcerting to have my name misspelt throughout.

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Wed, 18 Jun 1997

JP/Air France, Garuda deal

Air France, Garuda deal JAKARTA (JP): Air France and national carrier Garuda Indonesia airlines have signed a cargo cooperation agreement.The agreement was signed yesterday at Paris' Le Bourget Airport in France.

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Wed, 18 Jun 1997

JP/TV today

TV todayTVRI 2:30 p.m. News: Lintas Nusantara 2:40 Travel: My Country 2:45 Family's Film: Road to Avonlea 3:10 Children's Program: Anak-Anak Indonesia 3:35 Talk Show: Kotak Pos 4:00 Regional News 4:30 Education Quiz: Cepat Tepat 5:10 TV Series: Topacio 5:55 Music 6:00 News: ...

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Wed, 18 Jun 1997

JP/State universities' tuition still cheapest: Minister

State universities' tuition still cheapest: Minister JAKARTA (JP): Minister of Education and Culture Wardiman Djojonegoro denied yesterday that state universities' tuition fees were as expensive as private universities'.

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Wed, 18 Jun 1997

JP/Tribesmen burn migrants' houses

Tribesmen burn migrants' houses JAYAPURA, Irian Jaya: Tribesmen from the Kwimi village, about 43 km south of here, burned down six new houses Friday which had been built for migrants under a government resettlement scheme, Antara reported yesterday.The houses were unoccupied.

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Wed, 18 Jun 1997

JP/More comfortable walks for pedestrians on Jl. Thamrin

More comfortable walks for pedestrians on Jl. Thamrin JAKARTA (JP): Twenty buildings along Jl. M.H. Thamrin will be asked to tear down their fences and walls to create a friendlier atmosphere starting the end of this month.

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Wed, 18 Jun 1997

JP/RI exporters' must meet int'l standards'

RI exporters' must meet int'l standards' NUSA DUA, Bali (JP): The government's efforts to open up the Australian market to Indonesian exports should be coupled with exporters pushing the market with quality products, experts believe.

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Wed, 18 Jun 1997

JP/Court told poor security at museum

Court told poor security at museum JAKARTA (JP): A court hearing on the theft of paintings at the National Museum yesterday revealed poor security at the museum. Safety regulations were frequently violated, witnesses said.

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Wed, 18 Jun 1997

JP/'The Post', IPTN to seek out-of-court settlement

'The Post', IPTN to seek out-of-court settlement JAKARTA (JP): The Jakarta Post and the state-owned aircraft maker IPTN agreed in principle yesterday to seek an out of court settlement of their dispute over a recent plane crash report, their lawyers said yesterday.

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Wed, 18 Jun 1997

JP/Sushi nya Kita impresses during its opening week

Sushi nya Kita impresses during its opening week It started out like a chapter from Epicurus' Bad Days journal. It was 9 p.m. on a Friday night and there was practically no vacant parking spot in sight on Jl. Kemang Raya, South Jakarta.

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Wed, 18 Jun 1997

JP/Pacific needs common vision

Pacific needs common vision The following is an excerpt from a paper presented by Anwar Ibrahim, acting prime minister of Malaysia at the 11th Asia- Pacific Roundtable on June 6, 1997.

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Wed, 18 Jun 1997

JP/Ciputra sees profit up

Ciputra sees profit up JAKARTA (JP): PT Ciputra Development, a publicly listed property company, expects its net profit to grow 19 percent to Rp 156.4 billion (US$64.4 million) this year.Company director Harun Hajadi said yesterday revenue was projected to increase by 30.

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Wed, 18 Jun 1997

JP/Foreigners report cabby for 'robbery'

Foreigners report cabby for 'robbery' JAKARTA (JP): Two foreigners had reported a Mercury taxi driver for attempting to fool and rob them on their way back to a hotel, police said.City Police Spokesman Lt. Col. E.

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Wed, 18 Jun 1997

JP/Local stock marts 'should assist mining firms more'

Local stock marts 'should assist mining firms more' NUSA DUA, Bali (JP): Jakarta and Surabaya stock exchanges should set special listing provisions for mining companies to raise funds through the markets to tap the country's big resources potential.

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Wed, 18 Jun 1997

JP/Islamic information

Islamic information I come from a religious family currently living in Kano, a city in northern Nigeria where the population is almost 100 percent Moslem. I once attended and studied at an International Islamic university.

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Wed, 18 Jun 1997

JP/E. Timor gets new police chief

E. Timor gets new police chief DILI, East Timor: Col. Atok Rismanto was inducted yesterday as the new provincial police chief, replacing Col. Jusuf Mucharam who is being transferred to the National Police headquarters in Jakarta.

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