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

Fri, 23 Jan 1998

JP/Open letter to Mr. Camdessus

Open letter to Mr. Camdessus When you gave your media conference in Jakarta on Jan. 15, you expressed great elation and satisfaction with the letter of intent submitted by our government.

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Fri, 23 Jan 1998

JP/Consortium established to build $6b power plant

Consortium established to build $6b power plant JAKARTA (JP): A consortium was formed here yesterday to develop a 5,000-megawatt (MW) power plant worth US$6 billion in Cirenti, Riau, to supply power to Malaysia.

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Fri, 23 Jan 1998

JP/TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 TV Series: Tom and Jerry Kid 3:10 Children's Dance 3:35 Talk Show: Sambung Rasa 4:00 Regional News 4:30 Students' Quiz: Cerdas Cermat 5:10 Documentary Film: Science World 5:30 TV Drama: Sebagai Pembela 6:00 News: ...

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Fri, 23 Jan 1998

JP/Nigerian on drug charges may face death penalty

Nigerian on drug charges may face death penalty JAKARTA (JP): A 28-year-old Nigerian man may face the death penalty for selling 2.48 kilograms of heroin worth Rp 50 million (US$4,545).

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Fri, 23 Jan 1998

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 22, 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo ...

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Fri, 23 Jan 1998

JP/PDAM Jaya to cut supply for 6 hours

PDAM Jaya to cut supply for 6 hours JAKARTA (JP): The city-owned water company, PDAM Jaya, will temporarily stop its supply to various areas in the city for six hours at 9 a.m. tomorrow.

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Fri, 23 Jan 1998

JP/Food going cheap at police bazaar

Food going cheap at police bazaar JAKARTA (JP): City police are holding a two-day food bazaar, which finishes today, at their headquarters on Jl. Jend. Sudirman, South Jakarta.Jakarta Police spokesman Lt. Col. E.

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Fri, 23 Jan 1998

JP/Telkom cuts rates over Idul Fitri

Telkom cuts rates over Idul Fitri BANDUNG, West Java: State telecommunications company PT Telkom is giving a special discount on long distance calls during the Idul Fitri holiday.The company's communications vice president D.

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Fri, 23 Jan 1998

JP/Parties reject demand to name VP candidates

Parties reject demand to name VP candidates JAKARTA (JP): Indonesia's three political organizations cold- shouldered yesterday the growing calls that they name their vice presidential candidates now rather than wait until after the presidential election in March.

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Fri, 23 Jan 1998

JP/Japan's assistance to restore trust in LCs sought

Japan's assistance to restore trust in LCs sought JAKARTA (JP): President Soeharto asked a senior Japanese official yesterday to help restore trust in Indonesian letters of credit (LC).

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Fri, 23 Jan 1998

JP/ITB seeks solution to corporate debts

ITB seeks solution to corporate debts JAKARTA (JP): The 34,000-strong alumni association of the Bandung Institute of Technology (ITB) called on the government yesterday to set up a team to resolve the corporate debt problem.

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Fri, 23 Jan 1998

JP/New face of business: Economic oligarchy

New face of business: Economic oligarchy Globalization is changing the face of business, creating a few powerful conglomerates, and shunting aside smaller companies, writes Rene Armand Dreifuss in this Inter Press Service commentary.

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Fri, 23 Jan 1998

JP/Subdistrict heads go to court

Subdistrict heads go to court TANGERANG (JP): The incumbent head of Batu Ceper subdistrict and his predecessor will be tried in the local district court on charges of illegally selling 12.4 hectares of state land, an official said yesterday.

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Fri, 23 Jan 1998

JP/Where to go in Bali:

Where to go in Bali:Music and entertainment * Ramada Bintang Bali, Kuta: - La Brasserie Cafe Restaurant: Crosstil Quatro, daily. - Alun-alun Lounge: The Heart Beat Band, nightly except on Thursday, 8:30 p.m. to 12:30 a.m. - Poolside Open Theater: Tek-Tekan Dance, Saturday.

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Fri, 23 Jan 1998

JP/Hayono wants sports bodies to evaluate athletes' form

Hayono wants sports bodies to evaluate athletes' form JAKARTA (JP): State Minister of Youth Affairs and Sports Hayono Isman has urged sports organizations which are unlikely to win medals at the 13th Asian Games in Bangkok in December to evaluate their athletes' form before the National ...

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Fri, 23 Jan 1998

JP/How to love one's country in a time of crisis

How to love one's country in a time of crisisBy Goenawan Mohamad With the current monetary and economic crisis continuing unabated, what would be the most appropriate stance for Indonesians to take? Intellectual, poet and former newsmagazine editor Goenawan Mohamad offers his view on the question.

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Fri, 23 Jan 1998

JP/Car market battered by rupiah's free fall

Car market battered by rupiah's free fall JAKARTA (JP): The rupiah's free fall against the U.S. dollar has created new uncertainty among local car dealers, prompting some to impose unfixed prices and some to halt sales activities altogether.

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Fri, 23 Jan 1998

JP/Bombmakers will not get off lightly, Sjafrie warns

Bombmakers will not get off lightly, Sjafrie warns JAKARTA (JP): City military commander Maj. Gen. Sjafrie Sjamsoeddin said yesterday that suspects in Sunday's bomb blast in Tanah Tinggi could face the death penalty or life in prison for illegally possessing, producing and using explosives.

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Fri, 23 Jan 1998

JP/Mideast deadlock strains Egypt-U.S. ties

Mideast deadlock strains Egypt-U.S. tiesBy Alistair Lyon CAIRO (Reuters): Friction over Middle East peace and regional conflicts is fraying the partnership built by the United States and Egypt over a quarter of a century, analysts say.

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Fri, 23 Jan 1998

JP/Just in time

Just in time Although no one has presented the present economic situation in this perspective, I believe that the crisis is spelling the end to Asia's soga shosa-led capitalism. Soga-shosa refers to Japanese trading companies.

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Fri, 23 Jan 1998

JP/VISITING GORO FAIR:

VISITING GORO FAIR:JP/alx President Soeharto (second right) inspected a fair held at the Goro wholesale center yesterday evening where the food stalls use coal briquettes to cook food."Using briquettes is cheaper than using gas or kerosene Pak," said food stall owner Ibu Moer.

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Fri, 23 Jan 1998

JP/'Awani Dream 2' stops cruising as crisis hits

'Awani Dream 2' stops cruising as crisis hits JAKARTA (JP): The domestic operations of passenger liner Awani Dream 2, owned by PT Awani Modern Indonesia, have run aground on the country's ailing economy and uncertainty over the rupiah's value.

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Fri, 23 Jan 1998

JP/'Insecure parking'

'Insecure parking' At 6:30 p.m. on Jan. 5, I parked my car in the basement parking lot of Plaza Indonesia. When I returned 30 minutes later, I found my car had been broken into. The front right door lock was damaged and my briefcase containing important documents was stolen.

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Fri, 23 Jan 1998

JP/Minimum wage hike hangs in the balance

Minimum wage hike hangs in the balance JAKARTA (JP): The decision to raise worker's minimum wage continues to hang in the balance as the government further defers the decision due to the worsening economic crisis.

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Fri, 23 Jan 1998

JP/RI seeks help from Japan

RI seeks help from Japan JAKARTA (JP): President Soeharto has asked Japan to use its influence to help resolve Indonesian corporate foreign debt, which caused the rupiah to crash to almost 17,000 to the U.S. dollar yesterday.

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Fri, 23 Jan 1998

JP/Nadya best presenter in ATV Awards

Nadya best presenter in ATV Awards JAKARTA (JP): MTV veejay Nadya Hutagalung walked off with the honors as best light entertainment presenter at the 1997 Asian Television Awards in Singapore Tuesday.

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Fri, 23 Jan 1998

JP/Where to go in Surabaya:

Where to go in Surabaya:Music and Entertainment * Mercure Grand Hotel, Jl. Raya Kupang Indah: Pasar Senggol with traditional music - keroncong or langgam, every Wednesday night. * Hyatt Regency Surabaya, Jl. Jend.

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Fri, 23 Jan 1998

JP/Apkindo chief denies business cartel charge

Apkindo chief denies business cartel charge JAKARTA (JP): The Association of Indonesian Wood Panel Producers (Apkindo) denied that it had been operating as a business cartel."Apkindo is not a cartel.

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Fri, 23 Jan 1998

JP/Indonesians must have confidence

Indonesians must have confidence I am a foreigner and have lived here for two and a half years with my family. I want to convey to all Indonesians that you have a really beautiful country and you are indeed a beautiful people. You have a wide diversity of culture that is colorful and meaningful.

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Fri, 23 Jan 1998

JP/Can half a program succeed?

Can half a program succeed? With the IMF aid package for Indonesia in place, why is the current financial crisis deepening? ABN-AMRO Bank country manager C.J. de Koning examines the question in the following article.

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Fri, 23 Jan 1998

JP/Tougher penalties needed to put brakes on scalpers

Tougher penalties needed to put brakes on scalpers JAKARTA (JP): A police officer said yesterday heavier punishments for scalping were needed to fight the rising tide of people taking money for helping others obtain or renew their driver's licenses.

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Fri, 23 Jan 1998

JP/Govt issues ruling on state companies

Govt issues ruling on state companies JAKARTA (JP): The government has issued a new regulation on state companies to boost their efficiency and competitiveness amid the monetary crisis, the Ministry of Finance announced yesterday.

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Fri, 23 Jan 1998

JP/Share prices fall along with rupiah

Share prices fall along with rupiah JAKARTA (JP): The rupiah continued its record plunge, almost bottoming out at 15,000 to the U.S. dollar yesterday, and share prices on the Jakarta Stock Exchange (JSX) fell 4.8 percent on persistent negative sentiment.

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Fri, 23 Jan 1998

JP/Closer military links bring regional stability

Closer military links bring regional stability For years the Chinese navy was confined mainly to a coastal defense role. Few of its ships could operate long distances from Chinese waters. But times have changed, and Beijing is building up a blue-water navy.

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Fri, 23 Jan 1998

JP/Rampant violations in sale of bus tickets: DLLAJ

Rampant violations in sale of bus tickets: DLLAJ JAKARTA (JP): The head of City Land Transportation Agency (DLLAJ), J.P. Sepang, expressed concern yesterday over rampant violations in bus ticketing for those intending to leave the city for next week's Idul Fitri holiday.

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Fri, 23 Jan 1998

JP/Koran readings bring Lombok together

Koran readings bring Lombok togetherBy H. Bur Solihin MATARAM (Antara): Lombok in West Nusa Tenggara is often known as the "Island of 1,000 Mosques".It could just as well be dubbed the "Land of 1,000 Torches" during the final days of the Ramadhan fasting month.

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Fri, 23 Jan 1998

JP/Gus Dur needs 'total rest' to speed up his recovery

Gus Dur needs 'total rest' to speed up his recovery JAKARTA (JP): Abdurrahman Wahid's health is steadily improving but he will need complete rest to hasten his recovery, an official of the Nahdlatul Ulama (NU) Moslem organization said here yesterday.

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Fri, 23 Jan 1998

JP/New Japanese consul appointed

New Japanese consul appointed SURABAYA: Kaneaki Kobayashi replaced Takashi Matsumoto earlier this month as head of the Japanese Consulate General here.Antara reported yesterday that Kobayashi is scheduled to meet East Java Governor Basofi Soedirman later next month.

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Fri, 23 Jan 1998

JP/Residents protest over river project

Residents protest over river project JAKARTA (JP): Two hundred residents protested outside the Mangga Dua Selatan subdistrict office in Central Jakarta on Wednesday, demanding a postponement of compensation payments for the Ciliwung River normalization project.

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Fri, 23 Jan 1998

JP/Aspindo joins "Love Rupiah"

Aspindo joins "Love Rupiah" JAKARTA (JP): Members of the Indonesian Mining Services Association (Aspindo) changed US$500,000 into rupiah yesterday as part of the Love Rupiah campaign.

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Fri, 23 Jan 1998

JP/'Ojek' driver found murdered

'Ojek' driver found murdered JAKARTA (JP): A 20-year-old ojek (motorcycle taxi) driver was found dead with severe stab wounds and bruises on his body at a vacant lot in the back of the Taman Boulevard housing complex in Bekasi early yesterday.

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Fri, 23 Jan 1998

JP/Oetojo apologizes for failing to get Tansil

Oetojo apologizes for failing to get Tansil JAKARTA (JP): Minister of Justice Oetojo Oesman said yesterday he had apologized to President Soeharto for failing to capture Eddy Tansil, the country's most wanted fugitive.

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Fri, 23 Jan 1998

JP/Ramadhan time for Jakarta

Ramadhan time for JakartaFridayMaghrib 6:19 p.m.SaturdayImsak 4:22 a.m.Subuh 4:32 a.m.

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Fri, 23 Jan 1998

JP/The Asian economic crisis: Does meltdown spread?

The Asian economic crisis: Does meltdown spread?By Gwynne Dyer Following is the first of a three-part series of articles examining the economic, social and political implications of the current crisis that began in Asia and is threatening to involve the entire world.

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Fri, 23 Jan 1998

JP/Conversion Rates

Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) conversion rates on Jan. 22, 1998: Buying Selling Rp Rp U.S. dollar 1 10,500.00 14,000.00Austrian shilling 1 761.

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Fri, 23 Jan 1998

JP/11 killed in bus accident

11 killed in bus accident BANDUNG: Eleven people were killed and seven others injured when a minibus plunged into a ravine in Salawu, Tasikmalaya yesterday morning.A Tasikmalaya police officer told Antara by phone that the bus might have plunged into the ravine while traveling at high speed.

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Fri, 23 Jan 1998

JP/Garuda hikes rates

Garuda hikes rates JAKARTA (JP): National carrier Garuda Indonesia will raise its rates for economy-class tickets on some domestic flights, the airline announced yesterday.The new tariffs, which are effective as of today, are Rp 339,000 (US$28.

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Fri, 23 Jan 1998

JP/Museum to hike entrance fee

Museum to hike entrance fee SURABAYA: The management of the Mpu Tantular Museum will increase its entrance fee next month, museum officials said.

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Fri, 23 Jan 1998

JP/Moslem-based PPP approves policy guidelines draft

Moslem-based PPP approves policy guidelines draft JAKARTA (JP): The United Development Party (PPP) faction approved a Golkar-sponsored draft amendment to election rules yesterday marking the end of the first stage of a People's Consultative Assembly general session.

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Fri, 23 Jan 1998

JP/Bring on the bad tidings

Bring on the bad tidings The government's zero growth forecast for the economy this year has not really sunk into people's minds, including, apparently, the minds of most government officials. Even as the economy tumbles from bad to worse, no one in the government is talking about a recession.

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Fri, 23 Jan 1998

JP/Reforms in the bureaucracy

Reforms in the bureaucracy The statement by state minister of administrative reforms, TB Silalahi, regarding the government's efforts to streamline the structure of our bureaucracy for greater efficiency is most appropriate and of strategic significance.

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