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

Tue, 20 Jan 1998

JP/Rupiah remains weak

Rupiah remains weak Indonesia is facing a great dilemma in implementing the reinforced and strengthened economic reforms agreed upon with the International Monetary Fund last Thursday.

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Tue, 20 Jan 1998

JP/Ships prepared for Idul Fitri

Ships prepared for Idul Fitri SURABAYA, East Java: Fourteen ships with a total daily capacity of 70,000 passengers have been readied in anticipation of the jump in travelers expected to use the Ketapang, East Java- Gilimanuk, Bali ferry service as the Idul Fitri holiday approaches.

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Tue, 20 Jan 1998

JP/Soeharto honors Indonesian farmers

Soeharto honors Indonesian farmers JAKARTA (JP): President Soeharto demonstrated yesterday his appreciation and highest respect for Indonesian farmers, especially those who have made outstanding progress in boosting agricultural production.

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Tue, 20 Jan 1998

JP/Sri Bintang's trial gets new prosecutor

Sri Bintang's trial gets new prosecutor JAKARTA (JP): Lesbassa Habel replaced S.T. Silangit as the prosecuting attorney yesterday in the ongoing subversion trial of Sri Bintang Pamungkas at the South Jakarta District Court."A letter dated Jan.

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Tue, 20 Jan 1998

JP/Ali Hasjmy dies in Banda Aceh

Ali Hasjmy dies in Banda Aceh BANDA ACEH: One of Aceh's most prominent religious teachers Ali Hasjmy died in hospital here Sunday afternoon while recovering from a heart attack.Hasjmy, 84, who was also known as a philosopher and poet, was well loved and known throughout the country.

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Tue, 20 Jan 1998

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 19, 1998: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo ...

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Tue, 20 Jan 1998

JP/Private foreign debt 'key' to rupiah repair

Private foreign debt 'key' to rupiah repair JAKARTA (JP): The recovery of the tumbling rupiah will depend largely on the handling of the country's huge private debts, analysts say.

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Tue, 20 Jan 1998

JP/Keep 'Love Rupiah' campaign sincere

Keep 'Love Rupiah' campaign sincere Many of the hardships which we are now facing might not have existed if only we had been more modest and restrained.

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Tue, 20 Jan 1998

JP/Ramadhan time for Jakarta

Ramadhan time for JakartaTuesdayMaghrib 6:19 p.m.WednesdayImsak 4:20 a.m.Subuh 4:30 a.m.

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Tue, 20 Jan 1998

JP/Ten arrested with pirated recordings

Ten arrested with pirated recordings JAKARTA (JP): Police have arrested nine men for selling pirated and pornographic video compact discs, and another man for illegally reproducing cassettes and compact discs, police said over the weekend.City Police spokesman Lt. Col. E.

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Tue, 20 Jan 1998

JP/Fencing body aiming for bronzes at 13th Asiad

Fencing body aiming for bronzes at 13th Asiad JAKARTA (JP): The Indonesian Fencing Association aims to win bronze medals at the 13th Asian Games in Bangkok from Dec. 6 to Dec. 20.

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Tue, 20 Jan 1998

JP/Banks' merger deal plan will speed up reform

Banks' merger deal plan will speed up reform JAKARTA (JP): The merger deal planned by publicly listed banks Bank Internasional Indonesia (BII) and Bank Dagang Nasional Indonesia (BDNI) would encourage other banks to accelerate similar steps, analysts and bankers said yesterday.

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Tue, 20 Jan 1998

JP/Groups rally at the House over succession, reform

Groups rally at the House over succession, reform JAKARTA (JP): Some 200 people from four different groups rallied at the House of Representatives making demands ranging from presidential succession to all-out reforms to cope with the economic crisis.

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Tue, 20 Jan 1998

JP/KONI reassured over Asiad team

KONI reassured over Asiad team JAKARTA (JP): President Soeharto has told the Indonesian Sports Council (KONI) and sports organizations not to be discouraged if only a small team is sent to the Asian Games in Thailand this December."We have to economize our foreign exchange.

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Tue, 20 Jan 1998

JP/Fishermen find missing youths

Fishermen find missing youths DENPASAR, Bali: Three youths who had been missing since late last week were found alive by fishermen Sunday night after being adrift at sea for three days.

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Tue, 20 Jan 1998

JP/Car, jet projects continue: Soeharto

Car, jet projects continue: Soeharto JAKARTA (JP): President Soeharto said yesterday that the national car project and the plan to develop Indonesia's own jet plane would continue without state funding or assistance.

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Tue, 20 Jan 1998

JP/Bomb explodes in apartment, one arrested

Bomb explodes in apartment, one arrested JAKARTA (JP): An alleged bomb maker was arrested after a simple, homemade device exploded Sunday evening in a cheap, rented apartment in Tanah Tinggi, Central Jakarta, police said.Army Chief of Staff Gen. Wiranto and Central Jakarta Police Chief Lt. Col.

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Tue, 20 Jan 1998

JP/Man falls to death from train

Man falls to death from train JAKARTA (JP): A passenger riding on the roof of an electric train fell to his death -- after reportedly being electrocuted -- yesterday in front of Pancasila University in Depok, south of here.

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Tue, 20 Jan 1998

JP/The 43-billion-dollar question

The 43-billion-dollar question Economist Kwik Kian Gie discusses the reasons why the rupiah remains weak even after last week's announcement of a massive reform package agreed by the government and the International Monetary Fund.

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Tue, 20 Jan 1998

JP/Govt to streamline bureaucracy: Silalahi

Govt to streamline bureaucracy: Silalahi JAKARTA (JP): The government has said it will take tough measures to streamline its bureaucracy, but stopped short of having to enforce laying off some of the four-million civil servants.

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Tue, 20 Jan 1998

JP/MUI announces Islam fobids money trading

MUI announces Islam fobids money trading JAKARTA (JP): The influential Indonesian Council of Ulemas (MUI) issued an edict yesterday saying that speculative money trading just for one-sided profit is forbidden.

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Tue, 20 Jan 1998

JP/Festive package at Regent Jakarta

Festive package at Regent Jakarta JAKARTA (JP): The Regent Jakarta is offering a festive package to enable people to celebrate both Idul Fitri and Chinese New Year, which falls on Jan. 28, its executive said in a statement yesterday.

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Tue, 20 Jan 1998

JP/Orphan mistakenly killed by youths

Orphan mistakenly killed by youths JAKARTA (JP): A 17-year-old orphan was stabbed to death by a group of youths in Ciracas market in East Jakarta in the early hours of Sunday.Two of his friends were also wounded.

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Tue, 20 Jan 1998

JP/Soesilo named best sporting prime mover

Soesilo named best sporting prime mover JAKARTA (JP): The Jakarta chapter of the Indonesian Sportswriters Association (SIWO Jaya) has nominated the late chairman of the Indonesian Weightlifting and Powerlifting Association, Soesilo Soedarman, as the country's best sporting prime mover.

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Tue, 20 Jan 1998

JP/Relatives bid farewell to SilkAir crash victims

Relatives bid farewell to SilkAir crash victimsJAKARTA (JP): Grieving relatives burned incense and prayed during a funeral service yesterday in Palembang, South Sumatra, for loved ones killed when a Singaporean airliner crashed in the estuary of the Musi River.

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Tue, 20 Jan 1998

JP/Conversion Rates

Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) conversion rates on Jan.19, 1998: Buying Selling Rp Rp U.S. dollar 1 8,250.00 10,250.00Austrian shilling 1 675.

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Tue, 20 Jan 1998

JP/Message from the publisher

Message from the publisher With the worsening economic situation, The Jakarta Post has suffered financial losses caused by shrinking advertising revenue and rising newsprint prices. The rupiah cost of newsprint alone has more than tripled in the last six months.

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Tue, 20 Jan 1998

JP/Unwanted visitors

Unwanted visitors The male foreigner married to an Indonesian who authored Gender bias ("Your Letters," Saturday, Jan. 17) has understated the problem.There are many financially independent foreign men married to Indonesians who only want to live, not work, here.

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Tue, 20 Jan 1998

JP/No agreement on Habibie's VP nomination, ABRI says

No agreement on Habibie's VP nomination, ABRI says JAKARTA (JP): The Armed Forces dismissed yesterday speculation that its faction in the People's Consultative Assembly had joined the dominant Golkar and the Regional Representatives factions to support State Minister of Research and Technology B.

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Tue, 20 Jan 1998

JP/Downer to visit Indonesia

Downer to visit Indonesia JAKARTA (JP): Australian Minister of Foreign Affairs and Trade Alexander Downer will add to the list of dignitaries who have visited Indonesia over the past two weeks with his scheduled Sunday arrival for a three-day visit.

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Tue, 20 Jan 1998

JP/'ANteve' sports program wins award

'ANteve' sports program wins award JAKARTA (JP): ANteve sports program Majalah Olahraga was named the best sports program yesterday at the 1997 Asian Television Awards, beating Hong Kong's Omega Tour Highlights Show and Singapore's The Sporting Life.

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Tue, 20 Jan 1998

JP/Increase in Idul Fitri cards expected

Increase in Idul Fitri cards expected JAKARTA (JP): The city office of the state-owned postal service company, PT Pos Indonesia, has predicted a significant increase in demand during Idul Fitri following the government's call to limit spending during the economic crisis.

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Tue, 20 Jan 1998

JP/The importance of Ramadhan

The importance of Ramadhan Can't a man thank God that The Jakarta Post has published his three letters on religion, particularly Islam?On April 4, 1996 my letter titled Politics and Religion in Sudan appeared in the Post. Then, another letter Islamic information was published on June 18, 1997.

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Tue, 20 Jan 1998

JP/City bans 'Imlek' celebrations

City bans 'Imlek' celebrations JAKARTA (JP): The city administration has banned public celebrations of this year's Chinese New Year, Imlek, which falls on Jan. 28 in order to guard against social unrest.

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Tue, 20 Jan 1998

JP/Councilor urges direct food delivery

Councilor urges direct food delivery JAKARTA (JP): A city councilor urged the city administration yesterday to deliver much-needed staple food supplies directly to subdistricts to prevent deviations from its market operation.

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Tue, 20 Jan 1998

JP/Axing Bulog monopolies deals blow to food industry

Axing Bulog monopolies deals blow to food industry JAKARTA (JP): The elimination of the State Logistics Agency's (Bulog) monopoly in the import and distribution of wheat, wheat flour and sugar would be a big blow to food companies, analysts said yesterday.

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Tue, 20 Jan 1998

JP/Stock prices surge but rupiah falls

Stock prices surge but rupiah falls JAKARTA (JP): The rupiah descended sharply to 9,550 against the American dollar yesterday on a combination of political tensions and mounting concerns over the private sector debt, currency dealers said.

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Tue, 20 Jan 1998

JP/Four caught with 204 kg gold bullion

Four caught with 204 kg gold bullion TANGERANG (JP): Customs officers at Soekarno-Hatta International Airport have arrested four men for attempting to smuggle 204.05 kilograms of gold bullion to Singapore.

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Tue, 20 Jan 1998

JP/Private TV stations may reduce airtime

Private TV stations may reduce airtime JAKARTA (JP): Private television stations may have to reduce broadcasting airtime because advertising revenue is down due to the economic slump, said TV executives.

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Tue, 20 Jan 1998

JP/PGN to raise gas price next month

PGN to raise gas price next month JAKARTA (JP): State gas distributor Perusahaan Gas Negara (PGN) will raise the price of natural gas for industrial and other commercial buyers by 16.9 percent to an average Rp 450 (6 U.S. cents) per cubic meter starting next month, the company said yesterday.

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Tue, 20 Jan 1998

JP/KIS FM gets fit and healthy

KIS FM gets fit and healthy JAKARTA (JP): KIS FM radio station is scheduled to launch a new program today called "Fit and Healthy", a weekly talk show about nutrition and its importance.Mirawati S.

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Tue, 20 Jan 1998

JP/Poodle patting in int'l relations: An Asian experience

Poodle patting in int'l relations: An Asian experience Our Asia correspondent Harvey Stockwin remembers, with affection, an Indonesian friend whom he met many years ago, and applies to today's Asian crisis the lesson which that friend taught him. This is the first of two articles.

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Tue, 20 Jan 1998

JP/Gus Dur rushed to hospital

Gus Dur rushed to hospital JAKARTA (JP): Abdurrahman Wahid, chairman of the 30-million strong Nahdlatul Ulama (NU), was rushed to Cipto Mangunkusumo Hospital here for suspected stroke last night, his relatives said.Gus Dur, as the 57 year-old man is better known, was still unconscious at 00.50 a.

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Tue, 20 Jan 1998

JP/TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 Children's Film: The Big Valley 3:10 Teenager's Program: Remaja Indonesia 3:35 Music: Lagu Pop Daerah 4:00 Regional News 4:30 Science and Technology Film 5:00 English Lessons 5:30 TV Drama: Pandangan Rahmat 6:05 ...

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Tue, 20 Jan 1998

JP/Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Photo Exhibition: 100 old photos from Indonesia and Singapore, at Galeri TC (Twilight Cafe), Jl. Kemang Raya No.24A South Jakarta, Sunday to Thursday, 11:30 a.m. to 12 p.m., Friday to Saturday 11:30 a.m. to 2 a.m., until Jan. 29.

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Tue, 20 Jan 1998

JP/Famine threatens E. Timor villagers

Famine threatens E. Timor villagers DILI, East Timor: As many as 7,221 villagers on Kambing Island, just off Dili regency's Atauro Island, could face food shortages due to drought, an official said here yesterday.

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Tue, 20 Jan 1998

JP/Does RI need a deposit insurance system?

Does RI need a deposit insurance system?By Sumitro This is the second of two articles on deposit insurance system based on the United States' experience.

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Tue, 20 Jan 1998

JP/BII and BDNI pioneer private banking reform

BII and BDNI pioneer private banking reform JAKARTA (JP): Two of Indonesia's largest private banks have initiated a much-awaited bank reform with the biggest-ever merger in the private sector, creating a bank with Rp 50 trillion (US$5.55 billion) in assets.

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Tue, 20 Jan 1998

JP/PGN workers donate wages

PGN workers donate wages JAKARTA (JP): Employees of the state-owned gas distributor, PGN, have agreed to donate all or part of their January salaries to the government to help in fighting the economic crisis, the company president announced yesterday.

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Tue, 20 Jan 1998

JP/Taming Western media on E. Timor

Taming Western media on E. TimorBy Al Busyra Basnur This is the first of two articles on the link between the Western media and East Timor.

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