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

Wed, 02 Jul 1997

JP/Hong Kong under Chinese sovereignty

Hong Kong under Chinese sovereignty After Hong Kong's return to China, Beijing has the full right to apply the system of government that fits its constitution to the city. Even so, as we can see, it will not be easy for Beijing to act arbitrarily.

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Wed, 02 Jul 1997

JP/Fire destroys 400 houses

Fire destroys 400 houses SAMARINDA, East Kalimantan: Fire destroyed 400 houses Monday in a densely populated coastal area in Tarakan district, a press report said yesterday.About 1,500 people lost their homes in the fire but no casualties were reported.Tarakan military chief Lt. Col. V.

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Wed, 02 Jul 1997

JP/Hearings postponed, judges absent

Hearings postponed, judges absent JAKARTA (JP): Nine criminal case hearings at Central Jakarta District Court were postponed yesterday due to judges attending another judge's inauguration in Cirebon, West Java.

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Wed, 02 Jul 1997

JP/Maintaining rice self-sufficiency vital: Minister

Maintaining rice self-sufficiency vital: Minister JAKARTA (JP): Minister of Agriculture Sjarifudin Baharsjah said again yesterday that it was important to maintain self- sufficiency in rice because importing too much rice could lead to economic and political instability.

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Wed, 02 Jul 1997

JP/Suhardiman upset over expert's remarks on Golkar

Suhardiman upset over expert's remarks on Golkar JAKARTA (JP): Constitutional law expert Harun Alrasyid drew fire yesterday for saying the dominant political group Golkar should not take up seats in the House of Representatives as long as it refused to call itself a party.

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Wed, 02 Jul 1997

JP/Not all homes to be rebuilt

Not all homes to be rebuilt JAKARTA (JP): Some fire victims in Sawah Besar, Central Jakarta, will not be allowed to rebuild their homes as the buildings were on river banks, a city official said yesterday.The mayoralty's public relations officer, M.

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Wed, 02 Jul 1997

JP/Cigarette industry boosts economy

Cigarette industry boosts economy JAKARTA (JP): The cigarette industry says it paid about Rp 3.58 trillion (US$1.49 billion) in tobacco duties to the government in 1996, up from Rp 3.04 trillion in 1995.

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Wed, 02 Jul 1997

JP/One country, two systems

One country, two systems No country has ever tried to dwell on two systems -- socialist and capitalist -- at the same time. This is why we need to stand united and work together.

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Wed, 02 Jul 1997

JP/TV today

TV todayTVRI 2:30 p.m. News: Lintas Nusantara 2:40 Travel: My Country 2:45 Family's Film: Big Brother Jake 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, 02 Jul 1997

JP/House members check Bank Arta Prima scam

House members check Bank Arta Prima scam JAKARTA (JP): House members said yesterday that Made Oka Masagung, who has been in police custody since May 6 in connection with an alleged Bank Arta Prima promissory notes scam, could ask for a pre-trial judgment.

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Wed, 02 Jul 1997

JP/Polysindo's debt ratings upgraded

Polysindo's debt ratings upgraded JAKARTA (JP): Moody's Investors Service upgraded its rating on two guaranteed secured notes of Polysindo International Finance Company B.V. to Ba2 from Ba3 and its rating on the US$2.5 million senior notes of PT Polysindo Eka Perkasa to B1 from B2.

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Wed, 02 Jul 1997

JP/Man nabbed for killing mom's lover

Man nabbed for killing mom's lover JAKARTA (JP): Police arrested an 18-year-old man for allegedly killing his mother's boyfriend in Senen, Central Jakarta, an officer said yesterday.Central Jakarta Police Chief Capt.

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Wed, 02 Jul 1997

JP/Tyson's actions

Tyson's actions I am sure that many Indonesian boxing fans, as well as fans from many other counties, would have been saddened with the performance of Mike Tyson against Evander Holyfield.I know that many Indonesian boxing fans support Tyson. I wonder what they think of him now.

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Wed, 02 Jul 1997

JP/Call for probe into deaths of Indonesians working abroad

Call for probe into deaths of Indonesians working abroad JAKARTA (JP): About 50 people rallied at the Ministry of Manpower yesterday to demand a government investigation into the suspicious deaths of Indonesians working overseas.

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Wed, 02 Jul 1997

JP/Boyolali drought drags on

Boyolali drought drags on JAKARTA (JP): The drought in Boyolali, Central Java, is so severe that many residents can only bathe twice monthly, a press report said yesterday.The dry season began last April and the rainy season won't come until at least October.

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Wed, 02 Jul 1997

JP/Four jailed for beating soldier

Four jailed for beating soldier DILI: Four of 16 people charged with beating to death an off- duty soldier last Christmas eve were sentenced here Monday to between six and half months and eight months in prison.

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Wed, 02 Jul 1997

JP/North Sumatra losing mangroves

North Sumatra losing mangroves MEDAN, North Sumatra: More than 1,000 hectares of the 15,765 hectares of mangroves in the Langkat nature reserve have been lost because of illegal logging, a local official has said.

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Wed, 02 Jul 1997

JP/German yacht pirated in Ancol

German yacht pirated in Ancol JAKARTA (JP): Five people pirated a German yacht which was anchored in Jakarta Bay on Sunday, severely wounded the navigator, and made away with all navigation equipment and other belongings, the yacht owner said yesterday.

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Wed, 02 Jul 1997

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on July 1, 1997: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 1,200 ...

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Wed, 02 Jul 1997

JP/Dutch love affair in Kemang 'Tea Room'

Dutch love affair in Kemang 'Tea Room' Have I ever told you about my mother? No, I don't think so. First, why should I? Second, you probably think Epicurus can't possibly have a mother.

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Wed, 02 Jul 1997

JP/Hoegeng attends police anniversary ceremony

Hoegeng attends police anniversary ceremony JAKARTA (JP): Retired police general Hoegeng Imam Santoso, long ostracized by the service he once led because of his political views, attended Bhayangkara Day celebrations yesterday to mark the 51st anniversary of the National Police.

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Wed, 02 Jul 1997

JP/Indorayon's sales plunge

Indorayon's sales plunge JAKARTA (JP): Publicly listed PT Indorayon Inti Utama yesterday reported a steep fall in its pulp and rayon sales to Rp 331.10 billion (US$135.6 million) last year from Rp 629.7 billion in 1995.Indorayon's Director P.

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Wed, 02 Jul 1997

JP/Berau-Pratama $1b coal deal

Berau-Pratama $1b coal deal JAKARTA (JP): PT Berau Coal, a joint venture of PT United Tractors and Nissho Iwai, has gained a US$1 billion contract to supply 1.1 million tons of coal a year to PT Dayalistrik Pratama's West Java power plant project.

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Wed, 02 Jul 1997

JP/Jamboree honors Mrs. Tien

Jamboree honors Mrs. Tien JAKARTA (JP): When the Pramuka (Indonesian scouts) jamboree opened at Cibubur, East Jakarta, yesterday, First Lady Mrs. Tien Soeharto was sorely missed.Working for the scout movement was one of Mrs. Tien's most cherished activities.

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Wed, 02 Jul 1997

JP/Tradition and change

Tradition and change Anachronism, according to the dictionary, is something or someone that seems very much out of date or old-fashioned -- in short, something or someone that belongs to bygone times.

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Wed, 02 Jul 1997

JP/Preacher Afifudin to stand trial

Preacher Afifudin to stand trial SEMARANG: A Moslem preacher will soon be tried on charges of inciting riots in Pekalongan, Central Java, in March, the town's district court chief said yesterday.

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Wed, 02 Jul 1997

JP/Where to go in Jakarta:

Where to go in Jakarta:Music * Champions Sports Bar & Restaurant, Jl. Kemang Raya No. 10 South Jakarta: Lemon Tea Band, Thursday. Kin/Deja Vu, Friday. Gypsy Can Band, Saturday; Time Bomb Blues, Sunday. All the Bands at 10 p.m. onwards. * Fashion Cafe, Wisma 46 BNI City, Ground Floor, Jl.

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Wed, 02 Jul 1997

JP/U.S. expert says plagiarism rampant in RI journalism

U.S. expert says plagiarism rampant in RI journalism JAKARTA (JP): Proper sourcing in editorial writing is the best way to avoid plagiarism, an American journalism expert said yesterday.Visiting Fulbright professor Alice M.

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Wed, 02 Jul 1997

JP/Try opens week-long second 'Kraton' Festival

Try opens week-long second 'Kraton' FestivalBy K. Basrie CIREBON, West Java (JP): Vice President Try Sutrisno opened the second Kraton (royal court) Festival in a colorful regal ceremony that drew thousands of spectators yesterday.

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Wed, 02 Jul 1997

JP/National Police to be restructured, says Gen. Feisal

National Police to be restructured, says Gen. Feisal JAKARTA (JP): The organization of the National Police will be restructured this month, Armed Forces Commander Gen. Feisal Tanjung said yesterday.He said National Police would have a new Vice National Police Chief position.

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Wed, 02 Jul 1997

JP/Chinese Army enters HK

Chinese Army enters HKBy Oei Eng Goan HONG KONG, China (JP): Battling heavy rains and low temperatures, hundreds of members of the Chinese People's Liberation Army (PLA) poured into Hong Kong, newly reunited with China after 156 years of British rule, early yesterday morning.

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Wed, 02 Jul 1997

JP/Weather threatens third Ashes test

Weather threatens third Ashes testBy Vic Mills MANCHESTER, England (JP): As all roads lead to Old Trafford for the third cricket Test of the summer between England and Australia, the main conversation topic remains the weather.

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Wed, 02 Jul 1997

JP/Youth group executives deny proposing Kentot

Youth group executives deny proposing Kentot JAKARTA (JP): Representatives of 11 youth organizations denied yesterday proposing former Jakarta Military Commander Maj. Gen. Kentot Harseno as a Jakarta governor candidate.

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Wed, 02 Jul 1997

JP/Activists must unite: Megawati

Activists must unite: Megawati YOGYAKARTA (JP): Ousted leader of the Indonesian Democratic Party (PDI) Megawati Sukarnoputri said yesterday that Indonesian prodemocracy advocates lacked solidarity.

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Wed, 02 Jul 1997

JP/Garuda continues IPO plan despite revenue snag

Garuda continues IPO plan despite revenue snag JAKARTA (JP): State-owned flag carrier Garuda Indonesia is continuing to restructure in a bid to qualify for public listing even though it did not meet its revenue targets in the first quarter this year, it said yesterday.

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Wed, 02 Jul 1997

JP/It's not just cricket

It's not just cricket I would like to comment on Piero Ronci's letter 'Colonialism and cricket' (June 28).Cricket is not the only sport to have been exported from Britain. Soccer had its origins in Scotland.

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Wed, 02 Jul 1997

JP/Is Jakarta shaping Indonesia's future

Is Jakarta shaping Indonesia's futureBy Ignas Kleden JAKARTA (JP): Jakarta celebrated its 470th anniversary on June 22, 1997. It is a relatively young city when compared to other world metropolises and capital cities, though the criteria of being old and young are very elastic.

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Wed, 02 Jul 1997

JP/Experts criticize mining policy changes

Experts criticize mining policy changes JAKARTA (JP): The government's proposed changes to mining policy, one of which would require foreign contractors to give a 10 percent share of their mining ventures to the government, drew criticism from several former mining officials and ...

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Wed, 02 Jul 1997

JP/JP Bistro brings refreshing change to hotel buffet concept

JP Bistro brings refreshing change to hotel buffet conceptBy John Aglionby JAKARTA (JP): For years sideboards groaning under mountains of mouthwatering delicacies have attracted diners in droves to five- star hotels.

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Wed, 02 Jul 1997

JP/Disappointing return

Disappointing return I would like to comment on the Star Wars Special Edition film, now playing nationwide. I did not like the way the movie was edited and I would like to share this with your readers.I saw the movie at the BIP 21 theater at Bandung Indah Plaza, Bandung.

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Wed, 02 Jul 1997

JP/Corruption and bureaucracy

Corruption and bureaucracyBy Aleksius Jemadu JAKARTA (JP): It can be argued that combating corruption within government bureaucracies has become a desperate need in our society. As our economy prospers, illegal appropriation of public funds also tends to increase.

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Wed, 02 Jul 1997

JP/Escapee Mikel, prosecutor face arrest

Escapee Mikel, prosecutor face arrest BOGOR (JP): National Police Chief Gen. Dibyo Widodo said yesterday he had ordered the arrest of both a detainee who escaped the Bogor prison Friday and also the prosecutor involved in the case.

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Wed, 02 Jul 1997

JP/Ometraco gets $75m loan

Ometraco gets $75m loan JAKARTA (JP): PT Ometraco Multi Artha, a multi finance subsidiary of the publicly listed PT Ometraco Corporation, has obtained a US$75 million syndicated loan.

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Wed, 02 Jul 1997

JP/Govt eyes Russian jet fighters

Govt eyes Russian jet fighters JAKARTA (JP): The government is still considering buying jet fighters from Russia after it surprisingly pulled out of a plan last month to buy F-16 Fighting Falcons from the United States.Armed Forces Chief Gen.

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Wed, 02 Jul 1997

JP/Critical retired general welcomes chance for talks

Critical retired general welcomes chance for talks JAKARTA (JP): Bambang Triantoro, a retired Army general and a staunch critic of the government, welcomed yesterday the chance to hold talks with the government for the nation's sake.

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Wed, 02 Jul 1997

JP/Only 83,100 firms join Jamsostek

Only 83,100 firms join Jamsostek JAKARTA (JP): Only about 83,100 out of the 400,000 registered companies in Indonesia have joined the government sponsored Workers Social Security Program (Jamsostek), an official said yesterday.

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Wed, 02 Jul 1997

JP/Lack of regular buses to be evaluated

Lack of regular buses to be evaluated JAKARTA (JP): A meeting between city officials and bus owners will be held today to evaluate the lack of Rp 300-fare (12 U.S. cents) buses on designated routes.

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Wed, 02 Jul 1997

JP/Five-ton shark runs aground

Five-ton shark runs aground PURWOREJO, Central Java: A four-ton shark was found beached here yesterday giving a windfall to local fishermen who have complained of small catches in recent days.The 6.7-meter-long shark with a diameter of 4.

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