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

Fri, 24 Jul 1998

JP/'Ojek' driver killed and robbed

'Ojek' driver killed and robbed TANGERANG (JP): An ojek (motorcycle taxi) driver was killed by his own passenger at Kampung Waru, Cikupa district here on Wednesday night in the second such attack this week.

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Fri, 24 Jul 1998

JP/Farmers supply 40% of Astra's CPO output

Farmers supply 40% of Astra's CPO output JAKARTA (JP): Publicly listed plantation company PT Astra Argo Lestari said yesterday that almost 40 percent of its crude palm oil (CPO) production came from its local farmer partners.

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Fri, 24 Jul 1998

JP/Ex-policeman wins village head election

Ex-policeman wins village head election BOGOR (JP): A police first sergeant who resigned from the force to become a candidate for village chief in Bubulak, West Bogor, has won the election by defeating three other contestants.

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Fri, 24 Jul 1998

JP/Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Arts Exhibition at Lontar Gallery, Jl. Utan Kayu 68 H East Jakarta (Phone: 8573388), Monday to Friday, 10 a.m. to 5 p.m., Saturday, 10 a.m. to 3 p.m. until Aug. 10. * Arts Exhibition by I Made Wianta and Andreas Straub, at the Regent Jakarta, Jl. H.R.

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Fri, 24 Jul 1998

JP/400 Rancamaya farmers query land certificates

400 Rancamaya farmers query land certificates BOGOR (JP): About 400 Rancamaya farmers have urged the local administration to reexamine 100 land certificates used by PT Suryamas Duta Makmur to take over 257 hectares of land and develop a luxurious housing complex and golf course here.

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Fri, 24 Jul 1998

JP/City-owned hospital sound despite crisis

City-owned hospital sound despite crisis JAKARTA (JP): The four city-owned hospitals are still economically sound despite the prolonged economic crisis, which has severely hit almost all sectors of the economy, an official has claimed.

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Fri, 24 Jul 1998

JP/25 firms face delisting

25 firms face delisting JAKARTA (JP): At least 25 companies listed on the Jakarta Stock Exchange face being delisted due to their worsening financial performance.

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Fri, 24 Jul 1998

JP/Children's Day thoughts

Children's Day thoughts Not surprisingly, National Children's Day passed almost unnoticed by most of us yesterday.

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Fri, 24 Jul 1998

JP/Govt role in election must be reduced: Researchers

Govt role in election must be reduced: Researchers JAKARTA (JP): Leading political researchers say a limited government role is a prerequisite to a fair and honest general election, itself vital to putting the country back on its feet.

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Fri, 24 Jul 1998

JP/Stocks take tumble but rupiah holds its ground

Stocks take tumble but rupiah holds its ground JAKARTA (JP): The rupiah maintained strength yesterday, staying at 14,200 against the U.S. dollar, while stock prices on the Jakarta Stock Exchange (JSX) dropped 2 percent on continuing profit taking and security concerns.

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Fri, 24 Jul 1998

JP/Debt settlement scheme to start soon

Debt settlement scheme to start soon JAKARTA (JP): Bank Indonesia (BI), the central bank, plans to launch the Indonesian Debt Restructuring Agency (INDRA) on Aug. 3 to help restructure corporate debt and lend support to the beleaguered rupiah.

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Fri, 24 Jul 1998

JP/Garment workers stage protest

Garment workers stage protest JAKARTA (JP): Workers of garment manufacturer PT Tongkyung Makmur Abadi in Cilincing, North Jakarta, campaigned yesterday against their firm's decision to ban them from setting up a branch of the Indonesian Prosperous Labor Union (SBSI).

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Fri, 24 Jul 1998

JP/Govt to raid firms exploiting child workers

Govt to raid firms exploiting child workers JAKARTA (JP): The government will crack down on companies, including those in Jakarta and its surrounding areas, which exploit child workers, Minister of Manpower Fahmi Idris said yesterday.

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Fri, 24 Jul 1998

JP/Fix the rupiah

Fix the rupiah There has been so much talk about the effects of the crisis that it seems to me everyone is forgetting the reason. The most important comment made by Steve Hanke, as he tried his best to help, was "It's the rupiah, stupid.

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Fri, 24 Jul 1998

JP/Rice shortage may reach 10 million tons: Scientist

Rice shortage may reach 10 million tons: Scientist JAKARTA (JP): Indonesia may suffer a rice shortage of up to 10 million metric tons this year, or more than three times that predicted by the government, a scientist has said.

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Fri, 24 Jul 1998

JP/Timah puts feelers out on buying KPC shares

Timah puts feelers out on buying KPC shares JAKARTA (JP): Publicly listed state tin company PT Timah has shown interest in acquiring a stake in the country's largest coal mining company, PT Kaltim Prima Coal (KPC), a senior mining official said yesterday.

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Fri, 24 Jul 1998

JP/10 notorious freight robbers apprehended

10 notorious freight robbers apprehended JAKARTA (JP): Police detectives have nabbed 10 members of the two most wanted freight robbery gangs during separate raids this week, city police chief Maj. Gen. Noegroho Djajoesman said yesterday.

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Fri, 24 Jul 1998

JP/Corruption puts an end to new schools

Corruption puts an end to new schools BANDUNG, West Java: Japan's Overseas Economic Cooperation Fund (OECF) has decided to stop financial assistance it was providing to the West Java office of the education and culture ministry because the funds have been misused, Antara reported yesterday.

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Fri, 24 Jul 1998

JP/TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:30 Music 2:35 Cartoon: Warner Kartun 3:05 Student's Program: Bermain Musik 3:30 Village Program 4:00 Regional News 4:30 Performance: Cakrawala Budaya 5:00 Educational Quiz: Cerdas Cermat 5:25 Documentary Film: Anak Seribu Pulau 6:00 News: ...

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Fri, 24 Jul 1998

JP/PLN 'mistakes' ring up record loss of Rp 14.7t

PLN 'mistakes' ring up record loss of Rp 14.7t JAKARTA (JP): State electricity company PT PLN is set for a record loss of Rp 14.7 trillion (US$1.

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Fri, 24 Jul 1998

JP/Timely interference

Timely interference Old habits die hard in countries where conservatism is entrenched, but recent events promise to push the Association of Southeast Asian Nations (ASEAN), toward a more interventionist approach to members' domestic affairs.

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Fri, 24 Jul 1998

JP/Govt yet to approve lottery concept

Govt yet to approve lottery concept JAKARTA (JP): The Ministry of Social Services has yet to approve a proposal to revive a lottery to raise funds for sports development in the country, an official said yesterday.

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Fri, 24 Jul 1998

JP/New bankruptcy law will help restore confidence: Experts

New bankruptcy law will help restore confidence: Experts JAKARTA (JP): The new bankruptcy law scheduled to come into effect next month will be a significant step toward restoring investor confidence in Indonesia, a business consultant has said.

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Fri, 24 Jul 1998

JP/Air Force officer held for abusing houseboy

Air Force officer held for abusing houseboy JAKARTA (JP): Jakarta Military Police have detained an Air Force first lieutenant for allegedly abusing his male housekeeper, an official said yesterday.Deputy Commander of the Jakarta Military Police Lt. Col. Darmadi said First Lt.

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Fri, 24 Jul 1998

JP/Tale of the hard working Indian-made 'bajaj'

Tale of the hard working Indian-made 'bajaj'By Alex Abraham JAKARTA (JP): It looks like an unsuccessful cross between a kitchen cupboard and a tricycle, sounds like stones rolling on a tin roof and smokes like a battalion of kretek (clove cigarettes) addicts.

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Fri, 24 Jul 1998

JP/Habibie failing to win over the hearts of the people

Habibie failing to win over the hearts of the people JAKARTA (JP): A poll jointly conducted by the University of Indonesia and Soegeng Sarjadi Syndicated shows that in the first three-months of his presidency, B.J. Habibie's policies have failed to win over the hearts of the people.Only 46.

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Fri, 24 Jul 1998

JP/Govt launches investigation into May riots

Govt launches investigation into May riots JAKARTA (JP): The government announced yesterday its much- awaited team to investigate the massive May riots in Jakarta and other cities which left 1,200 people killed, more than 160 women violated and led to the downfall of president Soeharto.

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Fri, 24 Jul 1998

JP/A house for Soeharto

A house for Soeharto Many people have reacted with astonishment upon hearing that the government was allocating Rp 26.6 billion for a house for former president Soeharto at Puri Jatiayu (Bali Pavilion), Taman Mini Indonesia Indah, Jakarta.

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Fri, 24 Jul 1998

JP/Utut scores hat trick at Biel Masters c'ship

Utut scores hat trick at Biel Masters c'ship JAKARTA (JP): Indonesian Grand Master Utut Adianto scored a hat trick in the Biel Masters chess championship in Switzerland on Wednesday with a win over International Master Dejan Antic of Yugoslavia.

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Fri, 24 Jul 1998

JP/UN to send free contraceptives

UN to send free contraceptives JAKARTA: The United Nations Population Fund (UNFPA) is to send a US$3 million emergency consignment of contraceptives to Indonesia.

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Fri, 24 Jul 1998

JP/House upset over foreign aid chunk of State Budget

House upset over foreign aid chunk of State Budget JAKARTA (JP): The four factions of the House of Representatives (DPR) approved yesterday the revised version of the 1998/1999 State Budget, but continued to query the unprecedented amount of foreign aid financing.

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Fri, 24 Jul 1998

JP/New MPR members sworn in today

New MPR members sworn in today JAKARTA (JP): Chief Justice Sarwata will today swear in 36 new members of the People's Consultative Assembly (MPR), including those chosen to replace the seven relatives of former president Soeharto recently purged by Golkar.

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Fri, 24 Jul 1998

JP/Military to set up honorary council over abductions

Military to set up honorary council over abductions JAKARTA (JP): An honorary military council led by a four-star general will soon be assembled to further investigate a string of abductions of activists, which the Armed Forces alleges was committed by Army special force (Kopassus) members.

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Fri, 24 Jul 1998

JP/Crisis impacts on education

Crisis impacts on education JAMBI: Thousands of children in the province are on the verge of dropping out of school because their parents can no longer afford to send them to school, an official has said.

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Fri, 24 Jul 1998

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on July 23, 1998: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo ...

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Fri, 24 Jul 1998

JP/What is lacking in Indonesian politics?

What is lacking in Indonesian politics?By Ignas Kleden JAKARTA (JP): The rising demand for political reform needs serious rethinking of the prevalent basic tendencies within Indonesian politics.

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Fri, 24 Jul 1998

JP/Women pray for end of violence

Women pray for end of violence JAKARTA (JP): More than 100 women of different faiths came together last night in a joint prayer to end years of violence in the country.

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Fri, 24 Jul 1998

JP/Foreign investors reassured on mining contract security

Foreign investors reassured on mining contract security JAKARTA (JP): Minister of Mines and Energy Kuntoro Mangkusubroto reassured foreign investors yesterday that the government would honor existing mining, gas and gas contracts despite future changes in the country's regulations on the sector.

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Fri, 24 Jul 1998

JP/Triangular contest for Japan's next Prime Minister

Triangular contest for Japan's next Prime Minister Today, July 24th, 413 Liberal Democratic Party members will decide the direction and dynamism of the post-Hashimoto leadership in Japan.

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Fri, 24 Jul 1998

JP/Nonindigenous students

Nonindigenous students It seems unlucky to be nonindigenous Indonesians. We cannot forget their losses and suffering (physically and mentally) during the mid-May riots.

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Fri, 24 Jul 1998

JP/Mexican cultural values on display in Jakarta

Mexican cultural values on display in Jakarta JAKARTA (JP): A buxom woman, with a seemingly dead chicken in hand, walks past a wall splashed with blood.

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