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

Fri, 19 Jun 1998

JP/RI receive $1b trade loan from Japan's Exim Bank

RI receive $1b trade loan from Japan's Exim Bank JAKARTA (JP): The country's crippled export industry will soon get a boost of a US$1 billion trade financing facility from Japan's Exim Bank under a credit agreement signed here yesterday.

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Fri, 19 Jun 1998

JP/One million Moslems expected to participate in mass prayer

One million Moslems expected to participate in mass prayer JAKARTA (JP): Some one million Moslems from Greater Jakarta are expected to join a special service to pray to Allah at Senayan sports complex eastern parking lot in Central Jakarta on July 5, the organizers said Wednesday.

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Fri, 19 Jun 1998

JP/Sjahril says rupiah to remain floated

Sjahril says rupiah to remain floated JAKARTA (JP): Bank Indonesia Governor Sjahril Sabirin said yesterday that the central bank has no plans to reintroduce a managed exchange rate system to arrest the rupiah's free fall against the U.S. dollar.

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Fri, 19 Jun 1998

JP/305 riot victims receive loans

305 riot victims receive loans JAKARTA (JP): Three hundred and five small-scale traders in the city whose shops were looted and destroyed in last month's violent riots have received concessional loans worth Rp 483.5 million (US$20,220) to restart their businesses.

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Fri, 19 Jun 1998

JP/Labor fund 'unlikely to curb jobless rate'

Labor fund 'unlikely to curb jobless rate' JAKARTA (JP): A senior manpower official has conceded that Rp 1 trillion (US$66.6 million) earmarked for labor-intensive projects will likely make little headway in stemming the alarming rise in unemployment nationwide.

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Fri, 19 Jun 1998

JP/Harmful forces 'threaten state'

Harmful forces 'threaten state' JAKARTA (JP): Armed Forces (ABRI) Commander Gen. Wiranto warned yesterday of attempts by certain forces to destroy people's confidence in the government, including the military, which, if not stopped, could lead to national disintegration.

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Fri, 19 Jun 1998

JP/Conversion Rates

Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on June 18, 1998: Buying Selling Rp Rp U.S. dollar 1 13,500.00 15,000.

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Fri, 19 Jun 1998

JP/Indonesia at risk of becoming Asia's black hole

Indonesia at risk of becoming Asia's black holeBy Dewi Anggraeni MELBOURNE (JP): A recent seminar, launching the 1998 issue of Asia-Pacific Profiles here, hosted by Asialink of the University of Melbourne and Price Waterhouse, projected a cautiously limited optimism on the prospects of economic ...

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Fri, 19 Jun 1998

JP/Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Arts Exhibition: ASEANA, a showcase of ASEAN Cultures, featuring books, video and audio tapes, paintings, photographs, handicrafts, at ASEAN Secretariat, Jl. Sisingamangaraja 70A, South Jakarta (Phone: 7262991), until July 25. Monday to Friday, 9 a.m. - 7 p.m.

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Fri, 19 Jun 1998

JP/Security guard stabbed to death

Security guard stabbed to death JAKARTA (JP): A security officer of the Griya Parahita housing complex at Bumi Serpong Damai in Tangerang was found dead Wednesday after allegedly being stabbed by two associates.

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Fri, 19 Jun 1998

JP/Is Penta a sign of luck for Brazil?

Is Penta a sign of luck for Brazil? RIO DE JANEIRO (Reuters): Penta the penguin came in from the cold to warm the hearts of Brazilian soccer fans.

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Fri, 19 Jun 1998

JP/Wanted a foot fetishist

Wanted a foot fetishist NEW YORK (Reuters): Police in Paramus, New Jersey, were seeking a man with an apparent fascination for feet after he attacked two women in the parking lot of a department store.

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Fri, 19 Jun 1998

JP/AAL exports rubber to S'pore

AAL exports rubber to S'pore JAKARTA (JP): Publicly listed plantation firm PT Astra Agro Lestari, a subsidiary of the country's largest automaker PT Astra International, announced yesterday that it had exported 32.6 metric tons of rubber worth US$23,065 to Singapore.

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Fri, 19 Jun 1998

JP/Two new envoys submit credentials

Two new envoys submit credentials JAKARTA (JP): President B.J. Habibie received the credentials of South Korea's new ambassador Hong Jung-pyo and Sri Lanka's new ambassador Tisse Dias Bandaranayke in separate ceremonies at the Merdeka Palace yesterday.

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Fri, 19 Jun 1998

JP/ASEAN noninterference needs reconsidering

ASEAN noninterference needs reconsidering The ASEAN policy of noninterference has long afforded members of our little community the opportunity to misbehave in the certain knowledge that if the neighbors saw something, they would insist that they had not.

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Fri, 19 Jun 1998

JP/Megawati's camp denies ordering chapter takeovers

Megawati's camp denies ordering chapter takeovers JAKARTA (JP): Indonesian Democratic Party (PDI) executives aligned to Megawati Soekarnoputri have denied giving the order for a series of "takeovers" of party offices in several cities.

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Fri, 19 Jun 1998

JP/MPI vows to go it alone despite new forestry group

MPI vows to go it alone despite new forestry group JAKARTA (JP): The Indonesian Forestry Society (MPI) vowed yesterday to remain in existence despite the establishment of a rival forestry society advocating reforms in the sector.MPI spokesman A.

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Fri, 19 Jun 1998

JP/TV today

TV todayTVRI 12:15 p.m. World Cup Soccer (rerun) 2:00 News: Berita 14 2:30 Music 2:35 Children's Film: Tom and Jerry Kids 3:05 Sports 3:30 Village Program 4:00 Regional News 4:30 Performance: Cakrawala Budaya 5:00 Music: Paket 27 5:30 Education Quiz: Cerdas Cermat 6:00 News: ...

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Fri, 19 Jun 1998

JP/Stable situation

Stable situation Many think that the present government is a legacy of the past with its dark side. I believe, however, that people change, and learn from their and others' experiences to improve themselves.I agree with Gen.

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Fri, 19 Jun 1998

JP/Feeling victimized

Feeling victimized Regarding Sumarsono Sastrowardoyo's letter on June 12, 1998, The Jakarta Post entitled: Feeling victimized, it is clear that despite the many reactions of other readers towards his letters, and the reports of atrocities committed against the Indonesian Chinese, Mr.

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Fri, 19 Jun 1998

JP/Merpati returns 17 leased planes to cut operational costs

Merpati returns 17 leased planes to cut operational costs JAKARTA (JP): The state-owned airline operator PT Merpati Nusantara Airlines (MNA) has returned 17 of its leased planes to cut swelling operating costs.

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Fri, 19 Jun 1998

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on June 18, 1998: Shares Close Change Trading Volume ------------------------------------------------------------ Astra Agro Lestari ...

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Fri, 19 Jun 1998

JP/Relatives of missing activists meet with ICRC

Relatives of missing activists meet with ICRC JAKARTA (JP): Relatives of missing activists met with representatives of the International Committee of the Red Cross (ICRC) here yesterday in a bid to press authorities to conduct a thorough investigation into the matter.

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Fri, 19 Jun 1998

JP/Has the reform movement ground to a halt?

Has the reform movement ground to a halt? One month after Soeharto fell from power, the hurly-burly of the reform movement seems to have calmed down. On the other hand, there is an impression that the government has responded to reform calls half-heartedly. Political analyst J.

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Fri, 19 Jun 1998

JP/Collusion, corruption and nepotism

Collusion, corruption and nepotism It requires at least four parties for collusion, corruption and nepotism to thrive in our democratic republic: the capitalist, the ruler, the law-maker and the government regulator.

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Fri, 19 Jun 1998

JP/ABRI to restructure its information center

ABRI to restructure its information center JAKARTA (JP): The Armed Forces (ABRI) information center will soon be restructured and integrated with a similar center from the Ministry of Defense and Security.Outgoing Armed Forces spokesman Brig. Gen. A.

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Fri, 19 Jun 1998

JP/Can Pertamina save the nation one more time?

Can Pertamina save the nation one more time?By T.N. Machmud JAKARTA (JP): Minister of Mines and Energy Kuntoro Mangkusubroto has on more than one occasion discussed the need for Pertamina to restructure and to return to its core business.

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Fri, 19 Jun 1998

JP/Rupiah strengthens to 15,000 to the dollar

Rupiah strengthens to 15,000 to the dollar JAKARTA (JP): The rupiah improved to Rp 15,000 against the U.S. dollar yesterday following a rally by the Japanese yen and intervention by Bank Indonesia (BI) to reduce domestic demand for the dollar, currency dealers said.

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Fri, 19 Jun 1998

JP/Four banks plan to merge

Four banks plan to merge JAKARTA (JP): The publicly listed Bank Mashill Utama, Bank Jayabank International, Bank Artamedia Indonesia and Bank Ciputra announced yesterday their intention to merge to enable them to meet new capital requirements.

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Fri, 19 Jun 1998

JP/Ecolabeling agency to audit operations of 16 timber firms

Ecolabeling agency to audit operations of 16 timber firms JAKARTA (JP): The Indonesian Ecolabeling Agency (LEI) will audit the operations of at least 16 timber companies this year to ascertain if they deserve to receive ecolabeling certification, the agency's chairman Emil Salim said here ...

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Fri, 19 Jun 1998

JP/Mandala stewardesses seek legal advice over dismissal

Mandala stewardesses seek legal advice over dismissal JAKARTA (JP): Forty Mandala Airlines stewardesses took legal advice yesterday over their dismissal last month, a decision they claim was groundless and unclear.

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Fri, 19 Jun 1998

JP/PLN has poor calculating system: Kuntoro

PLN has poor calculating system: Kuntoro JAKARTA (JP): Minister of Mines and Energy Kuntoro Mangkusubroto has blamed extreme increases in power prices on a poor calculating system applied by the state-owned electricity company (PLN).

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Fri, 19 Jun 1998

JP/Woman dies in fall on campus

Woman dies in fall on campus JAKARTA (JP): A woman died after a fall Wednesday from a 17- story building on the Tarumanagara University campus at Jl. Letjen S. Parman, West Jakarta.Police identified her as Lie Sioe Ping, 39, a resident of Jl. Petojo in Central Jakarta.

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Fri, 19 Jun 1998

JP/Govt considering amending social security: Fahmi

Govt considering amending social security: Fahmi JAKARTA (JP): The government is considering amending the Social Security Law to allow other companies, other than state- owned PT Jamsostek, to run social security programs for workers.

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Fri, 19 Jun 1998

JP/Governor's request for contributions questioned

Governor's request for contributions questioned JAKARTA (JP): City councilors expressed concern yesterday over a circular signed by Governor Sutiyoso requesting 55 city-owned companies to contribute a total of up to Rp 815 million (US$51,000) for the commemoration of Jakarta's 471st ...

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Fri, 19 Jun 1998

JP/Japan's food aid to reach Baliem

Japan's food aid to reach Baliem JAYAPURA, Irian Jaya: Some 2.6 tons of highly-nutritious food donated by the Japanese government to indigenous people living in the Baliem valley, Jayawijaya regency, is expected to arrive here this month, an official said yesterday.

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Fri, 19 Jun 1998

JP/Attorney general's replacement questioned

Attorney general's replacement questioned Irrespective of whether or not the attorney general's replacement is related to issues that are currently being debated in our community, it must be said that the government has in principle accorded his position a level equal to that of a cabinet ...

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Fri, 19 Jun 1998

JP/Workers strike for wage hike

Workers strike for wage hike JAKARTA (JP): About 800 workers of Bekasi-based yarn company PT Oceanic Cotton Mill Indonesia went on strike Wednesday, demanding wage increases by 15 percent, reduction on income tax collection and improvement of welfare.

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Fri, 19 Jun 1998

JP/It's time to abolish income tax

It's time to abolish income taxBy James Castle and Peter Duncan JAKARTA (JP): Despite attempts at reform over several decades, Indonesia's income tax system continues to be a major disincentive to investment.

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Fri, 19 Jun 1998

JP/Sukarno supporter revives Indonesian Nationalist Party

Sukarno supporter revives Indonesian Nationalist Party JAKARTA (JP): Former president Sukarno's Indonesian Nationalist Party (PNI) was officially revived yesterday in Yogyakarta by one of his veteran supporters, Supeni.

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Fri, 19 Jun 1998

JP/Tanri to ring change at Telkom

Tanri to ring change at Telkom JAKARTA (JP): State Minister of the Empowerment of State Enterprise Tanri Abeng said yesterday he would push for the replacement of PT Telkom's chief commissioner at the company's forthcoming extraordinary meeting.

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Fri, 19 Jun 1998

JP/Pamapersada-Mincom deal

Pamapersada-Mincom deal JAKARTA (JP): Computer technology provider PT Mincom Indoservices has signed a multimillion dollar contract to equip leading local mining contractor PT Pamapersada Nusantara with the latest computer technology.

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Fri, 19 Jun 1998

JP/USAID pledges more aid for Indonesia

USAID pledges more aid for Indonesia JAKARTA (JP): The United States Agency for International Development (USAID) announced yesterday it would give an additional US$50 million in aid in the form of food and loan guarantees to help crisis-worn Indonesia.USAID administrator J.

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Fri, 19 Jun 1998

JP/Maluku's coral reefs in danger

Maluku's coral reefs in danger AMBON, Maluku: A large number of coral reefs in Maluku province have begun to show signs of deterioration due to the use of chemical substances to catch fish, a local expert warned yesterday.

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Fri, 19 Jun 1998

JP/80% of C. Java craft firms on the ropes

80% of C. Java craft firms on the ropes SEMARANG, Central Java: More than 80 percent of 3,000 small handicraft companies, including batik firms in the province, are on the verge of bankruptcy as they are no longer able to survive the economic crisis.

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Fri, 19 Jun 1998

JP/Local craftspeople build huge pipe organ

Local craftspeople build huge pipe organBy Yudha Kartohadiprodjo JAKARTA (JP): Although pipe organs are most commonly associated with the grand cathedrals of Europe, it is the hands of Sukabumi craftspeople which are responsible for creating the largest organ in Indonesia.

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Fri, 19 Jun 1998

JP/Three killed in shop-house fire

Three killed in shop-house fire JAKARTA (JP): A two-story shop-house on Jl. Sadar, Cipinang Muara in Jatinegara, East Jakarta, was gutted by fire Wednesday, killing three of the employees, according to an East Jakarta fire department officer.

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Fri, 19 Jun 1998

JP/Who owns the police?

Who owns the police? Many claim that we are a fast-changing society without realizing that some aspects of it have refused to modernize.

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Fri, 19 Jun 1998

JP/S. Sulawesi gets new police chief

S. Sulawesi gets new police chief UJUNGPANDANG, South Sulawesi: Brig. Gen. Mudji Santoso was installed here yesterday as the new provincial police chief, replacing Brig. Gen. Ali Hanafiah.Deputy National Police chief Lt. Gen. Lutfi Dachlan, on behalf of his superior Gen.

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Fri, 19 Jun 1998

JP/Foreign firms proposed for waterfront project

Foreign firms proposed for waterfront project JAKARTA (JP): Councilors have recommended that the city administration offer remaining work on the huge Jakarta waterfront project to foreign companies because embattled local firms do not have the means.

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Fri, 19 Jun 1998

JP/Police detain two for embezzling SEA Games funds

Police detain two for embezzling SEA Games funds JAKARTA (JP): The National Police has detained two suspects for their alleged involvement in embezzling last year's 19th SEA Games sticker funds collected from the public over 18 months.National Police deputy spokesman Col.

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