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

Fri, 02 Oct 1998

JP/PT Hankook Ceramic buoys business in RI

PT Hankook Ceramic buoys business in RI Ceramics company PT Hankook Ceramic Indonesia was founded in 1991 at an investment of US$10 million, with its site at Pasar Kemis, Tangerang, West Java.The company's expansion was rapid.

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Fri, 02 Oct 1998

JP/On foreign currency flows

On foreign currency flows I would like to respond to Mr.C.J.de Koning's two articles in your paper "RI's international stakeholders" on Sept. 18, 1998 and "Risk reduction strategy needed" on Sept. 25, 1998.

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Fri, 02 Oct 1998

JP/Bankers told to pay debt in one year

Bankers told to pay debt in one year JAKARTA (JP): President B.J. Habibie has ordered owners and former owners of the country's troubled commercial banks to repay obligations to the government in cash within one year or face stiff legal action, Frans Seda, a senior presidential economic advisor, ...

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Fri, 02 Oct 1998

JP/Global Indexes

Global Indexes Close Date Net Changes 1 Day Ytd --------------------------------------------New York (DJIA) 7842.62 9/30 -237.90 -2.94% -0.83%London (FTSE 100) 5064.60 9/30 -44.30 -0.87% -1.

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Fri, 02 Oct 1998

JP/Where does Asia go from here?

Where does Asia go from here?By Mar'ie Muhammad The following article is based on a paper presented at the Pacific Rim Forum in Shanghai on Sept. 23, 1998.

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Fri, 02 Oct 1998

JP/George calls for criminal proceedings against Soeharto

George calls for criminal proceedings against Soeharto JAKARTA (JP): The scholar and government critic George Junus Aditjondro has called for criminal proceedings to be brought against former president Soeharto, saying there is already enough circumstantial evidence to prove that the latter ...

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Fri, 02 Oct 1998

JP/PDI 'reconciliation' efforts a failure, Budi Hardjono says

PDI 'reconciliation' efforts a failure, Budi Hardjono says JAKARTA (JP): The government-sanctioned chairman of the splintered Indonesian Democratic Party (PDI), Budi Hardjono, said on Thursday that he has brought to an end his self-initiated effort to reconcile his camp with that of popular ...

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Fri, 02 Oct 1998

JP/Conversion Rates

Conversion Rates JAKARTA (JP): Bank Bali's conversion rates on Oct. 1, 1998: TT rates Bank notes rates ------------------------------------------ Buying Selling Buying Selling ...

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Fri, 02 Oct 1998

JP/Economist warns fair election difficult in economic crisis

Economist warns fair election difficult in economic crisis JAKARTA (JP): Noted senior economist Sarbini Sumawinata said it was hard to imagine the realization of fair and free elections in the midst of widespread difficulties in buying inexpensive food.

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Fri, 02 Oct 1998

JP/Competition picks trio of talented piano composers

Competition picks trio of talented piano composersBy Yudha Kartohadiprodjo JAKARTA (JP): Many of us are quite familiar with jazz piano compositions. Some of us are even more familiar with classical piano pieces.

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Fri, 02 Oct 1998

JP/Trauma counseling seminar for women

Trauma counseling seminar for women JAKARTA: Representatives of women's support groups from around the country are participating this week in a seminar on trauma counseling organized by the Australia-Indonesia Institute (AII) and the Indonesian Women's Coalition for Justice and Democracy.

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Fri, 02 Oct 1998

JP/Habibie leads ceremony marking abortive coup

Habibie leads ceremony marking abortive coup JAKARTA (JP): President B.J. Habibie led a brief ceremony at Lubang Buaya in East Jakarta on Thursday morning to mark Pancasila Sanctity Day.

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Fri, 02 Oct 1998

JP/CalEnergy ready to settle dispute with local firms

CalEnergy ready to settle dispute with local firms JAKARTA (JP): Himpurna California Energy (HCE) Ltd, a subsidiary of U.S. giant power company CalEnergy Co.

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Fri, 02 Oct 1998

JP/Students protest in various cities

Students protest in various cities JAKARTA (JP): Students took to the streets of many cities for various reasons on Thursday, with Jakarta witnessing at least two large rallies focusing on President B.J. Habibie.

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Fri, 02 Oct 1998

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 1, 1998: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 325 0 ...

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Fri, 02 Oct 1998

JP/PDI to fight for ABRI's presence in House

PDI to fight for ABRI's presence in House JAKARTA (JP): The tiny Indonesian Democratic Party (PDI) faction of the House of Representatives will fight for the continued representation of the Armed Forces in the legislative body, a party executive has said.

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Fri, 02 Oct 1998

JP/Reporter stabbed, robbed in car

Reporter stabbed, robbed in car JAKARTA (JP): A reporter from the Suara Pembaruan evening daily was robbed and assaulted in his car on Thursday morning after stopping to receive a call on his cell phone.Upa Labuhari had pulled over to the side of the street at about 9 a.m. near the Jl.

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Fri, 02 Oct 1998

JP/Soeharto, Prabowo invited to ABRI anniversary event

Soeharto, Prabowo invited to ABRI anniversary event JAKARTA (JP): Former president Soeharto and his son-in-law Lt. Gen. (ret) Prabowo Subianto, together with other senior retired generals, are to be invited to the Armed Forces' (ABRI) 53rd anniversary on Monday.

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Fri, 02 Oct 1998

JP/Our two nations widen mutual partnership

Our two nations widen mutual partnership On October 3, we celebrate the 50th anniversary of the founding of the Republic of Korea.As the Korean Ambassador to Indonesia, I wish on this day to extend a warm hand of friendship to the Indonesian people.

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Fri, 02 Oct 1998

JP/Dozens arrested for timber thefts

Dozens arrested for timber thefts SEMARANG: Police on Tuesday confiscated more than 3,000 cubic meters of teak wood in three Central Java districts and arrested dozens of people suspected of stealing and receiving the stolen timber, Antara reported.

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Fri, 02 Oct 1998

JP/Rupiah stays at 10,000 level but stocks fall

Rupiah stays at 10,000 level but stocks fall JAKARTA (JP): The rupiah managed to stay relatively unchanged at 10,000 level to the U.S. dollar on Thursday despite several other regional currencies losing ground.

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Fri, 02 Oct 1998

JP/Masked men slay 83 in attacks on 'black magic'

Masked men slay 83 in attacks on 'black magic' SURABAYA (JP): A mysterious band of masked men has reportedly killed at least 83 people in the past two months in East Java.

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Fri, 02 Oct 1998

JP/BHP clarifies

BHP clarifies In order to avoid misinterpretation of BHP activities, I must correct several inaccuracies in the article Compensation demand in The Jakarta Post on Sept. 29.Firstly, BHP is not a U.S.

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Fri, 02 Oct 1998

JP/Man shot dead by robber for defending money

Man shot dead by robber for defending money JAKARTA (JP): A 45-year-old man, who daringly attempted to take on two robbers who had just stolen his company's Rp 60 million (US$5,500), lost his life on Thursday after one of the culprits fired three bullets into his chest.

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Fri, 02 Oct 1998

JP/Local cooperatives protest against KDI

Local cooperatives protest against KDI YOGYAKARTA: Representatives of 40 local cooperatives protested against the state-appointed Indonesian Distribution Cooperative (KDI) for selling cooking oil at prices above the current retail prices.

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Fri, 02 Oct 1998

JP/Miwon ready to face a global market

Miwon ready to face a global market PT Miwon Indonesia Tbk was incorporated in 1973 as a food manufacturing company, concentrating in fermented food seasonings. In 1995, it was the first company of its kind to be listed on the Jakarta Stock Exchange.

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Fri, 02 Oct 1998

JP/Airport authorities foil animal smuggling attempt

Airport authorities foil animal smuggling attempt JAKARTA (JP): Soekarno-Hatta International Airport officials have foiled an attempt to smuggle a collection of reptiles, pythons, monitors and turtles out of the country, an official said on Thursday.Airport quarantine director Lukas A.

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Fri, 02 Oct 1998

JP/Art Summit schedule of events

Art Summit schedule of events Oct. 1-2: Ballet, Also Egmont, Bitte. Frauenballett, Bremer Tanztheater (Germany), Gedung Kesenian Jakarta (GKJ), Jl. Pos No. 2, Central Jakarta (Phone: 3441892).Oct. 2-3: Music, Humoristique, Musicatreize (France), Taman Ismail Marzuki (TIM), Jl.

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Fri, 02 Oct 1998

JP/City should manage all properties: Sutiyoso

City should manage all properties: Sutiyoso JAKARTA (JP): Governor Sutiyoso plans to ask the central government for the authority to manage all government-supervised properties in the capital.

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Fri, 02 Oct 1998

JP/Global Currencies

Global Currencies Value Net Changes 1 Day 1 Month Ytd --------------------------------------------Japanese yen 135.2050 -1.499980 +1.11% +1.11% -3.42%Deutschemark 1.6475 -0.020750 +1.26% +6.48% +9.

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Fri, 02 Oct 1998

JP/Labor export firm faces stiff penalty

Labor export firm faces stiff penalty JAKARTA (JP): Labor export company PT Indra Caraka could lose its operational license for inhumane treatment of 350 job seekers who applied for overseas placements, an official said on Thursday.

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Fri, 02 Oct 1998

JP/Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Painting Exhibition: Creative Expression of a Conservation Message, WWF Indonesia and Sally Linder, at Cemara 6 Galerry and Cafe, Jl. HOS Cokroaminoto No.9-11, Central Jakarta (Phone: 324505), 10 a.m. to 5 p.m., until Oct. 3.

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Fri, 02 Oct 1998

JP/Govt upbeat about fund for social safety net program

Govt upbeat about fund for social safety net program JAKARTA (JP): Major donor countries and organizations have agreed in principle to fund the government's social safety net program in the 1999/2000 fiscal year, according to the chairman of the National Development Planning Board (Bappenas).

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Fri, 02 Oct 1998

JP/Experts fault antitrust bill over monitoring flaws

Experts fault antitrust bill over monitoring flaws JAKARTA (JP): A German consultancy group has faulted the government's antimonopoly bill for not doing enough to bar against manipulation of its implementation by vested interests.

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Fri, 02 Oct 1998

JP/BI to continue cutting rates 'as situation allows'

BI to continue cutting rates 'as situation allows' JAKARTA (JP): Bank Indonesia Governor Sjahril Sabirin said on Thursday that he would continue to cut interest rates if the inflation rate was falling and the rupiah stabilized.Speaking to journalists after meeting with President B.J.

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Fri, 02 Oct 1998

JP/The second nation-building movement

The second nation-building movement The current state of affairs, which can be described as the greatest national crisis since the end of the Korean War, resulted from a foreign exchange crisis and subsequent management of the nation's finances by the International Monetary Fund.

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Fri, 02 Oct 1998

JP/Citibank ordered to pay Rp 8.87b for credit mistake

Citibank ordered to pay Rp 8.87b for credit mistake JAKARTA (JP): The West Jakarta District Court has ordered the Jakarta branch of Citibank N.A. to pay Rp 8.87 billion (US$806,303) in compensation for wrongfully refusing to clear checks written by businessman Hendra Tjoa.Presiding judge H.

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Fri, 02 Oct 1998

JP/Akbar Tanjung regrets Anwar's beating

Akbar Tanjung regrets Anwar's beating JAKARTA (JP): Minister/State Secretary Akbar Tandjung aired deep concern on Thursday over the mistreatment of sacked deputy prime minister Anwar Ibrahim.He also said President B.J.

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Fri, 02 Oct 1998

JP/Pakistan embassy responds

Pakistan embassy responds I refer to the London Observer story How a Third World leader lives beyond his country's means published by The Jakarta Post on Sept. 30, 1998.

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Fri, 02 Oct 1998

JP/Hotel Mulia 'must keep commitments'

Hotel Mulia 'must keep commitments' JAKARTA (JP): State Minister of Youth Affairs and Sports Agung Laksono has urged the management of Hotel Mulia Senayan to honor their commitment to provide athletes with affordable accommodation.

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Fri, 02 Oct 1998

JP/Preserving traditional Korean dances amid modern influences

Preserving traditional Korean dances amid modern influences Traditional Korean dance is sometimes divided into two broad categories of court dance and folk dance, but it may be more useful to categorize it into court dance, folk dance, ritual dance and the dance of professional entertainers.

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Fri, 02 Oct 1998

JP/Deciding Clinton's destiny

Deciding Clinton's destiny Americans would like to punish Bill Clinton for his lies, but don't want to give up his leadership, which has brought them six years of peace and prosperity.

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Fri, 02 Oct 1998

JP/Dong Joe Indonesia boasts a success

Dong Joe Indonesia boasts a success Shoe manufacturer PT Dong Joe Indonesia was founded in 1988 at an investment of US$4.2 million. Foreign investment totaled 80 percent and construction on the plant began the same year.

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Fri, 02 Oct 1998

JP/Bob Hasan still oversees athletic body: Official

Bob Hasan still oversees athletic body: Official JAKARTA (JP): The Indonesia Amateur Track and Field Association (PASI) is conducting business as usual, despite the ongoing police investigation into its boss, timber and banking tycoon Mohammad "Bob" Hasan, an official said on Thursday.

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Fri, 02 Oct 1998

JP/Malaysian martyr

Malaysian martyr In his own rather unusual way, Malaysian Prime Minister Mahathir has put his country squarely on the world map.He has cast Malaysia into the remorseless amphitheater of international public opinion through the vindictive treatment of his former heir apparent, Anwar Ibrahim.

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Fri, 02 Oct 1998

JP/French Musicatreize plays with music and words

French Musicatreize plays with music and wordsBy Izabel Deuff JAKARTA (JP): For superstitious people, "thirteen" is usually considered a number signifying misfortune. As far as Musicatreize (music played by thirteen people) is concerned, the number has brought it luck.

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Fri, 02 Oct 1998

JP/Korean sculpture's varied history

Korean sculpture's varied history The oldest known examples of sculpture in Korea are some rock carvings on a riverside cliff named Pan-gudae in Kyongsangbuk-do Province and some clay, bone and stone figurines of men and animals excavated from Neolithic village sites.

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Fri, 02 Oct 1998

JP/Laying a foundation for a second nation-building

Laying a foundation for a second nation-building 1. Declaration on Second Nation-building and Implementation of New Philosophy of the Kim Dae-jung Administration'. Marking he 50th anniversary of the Republic of Korea, President Kim Dae-jung declared a second nation-building.

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Fri, 02 Oct 1998

JP/Month-long program showcases women

Month-long program showcases women JAKARTA (JP): The ASEAN Secretariat is organizing ASEAN Women's Month to promote the role of women in all spheres of life at both national and regional levels.Titled Holding Up The Sky, the activities will take place from Oct. 3 to Oct.

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Fri, 02 Oct 1998

JP/Government initiates only half-hearted change

Government initiates only half-hearted changeBy Adrianus Meliala JAKARTA (JP): A foreign friend asked me once what does reform actually mean to most Indonesians.

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Fri, 02 Oct 1998

JP/Land certificate not yet issued

Land certificate not yet issued As the legitimate owner of a house on Jl. Metro Alam II, Pondok Indah, South Jakarta, that we bought more than three years ago, to date we have not received the HGB land certificate from the developer, PT Metropolitan Kencana (PT MK).

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Fri, 02 Oct 1998

JP/Bapepam urged to step up probe on trading scams

Bapepam urged to step up probe on trading scams JAKARTA (JP): Analysts have called on the capital market watchdog and stock exchange operators to step up efforts to investigate alleged insider trading practices in the local stock market.

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Fri, 02 Oct 1998

JP/TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:30 Music 2:35 Cartoon: Warner Kartun 3:05 Family's Welfare: Harmoni Kehidupan 3:30 Village Program 4:00 Regional News 4:30 Performance: Cakrawala Budaya 5:00 Music: Paket 27 5:30 Educational Quiz: Cerdas Cermat 6:00 News: Lintasan Berita ...

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