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

Tue, 25 Aug 1998

JP/Sewage treatment plant unused

Sewage treatment plant unused KUPANG, East Nusa Tenggara: A Rp 1 billion sewage treatment plant built three years ago by the office of public works here remains largely unused, according to a provincial official.

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Tue, 25 Aug 1998

JP/Prabowo discharged from ABRI

Prabowo discharged from ABRI JAKARTA (JP): The Armed Forces (ABRI) honorably discharged Lt. Gen. Prabowo Subianto yesterday and removed two senior Army Special Force (Kopassus) officers from active duty as punishment for their role in the abductions and torture of political activists.

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Tue, 25 Aug 1998

JP/Free distribution of aid counterproductive: Expert

Free distribution of aid counterproductive: Expert JAKARTA (JP): An expert spoke out against the free distribution of aid for people suffering from the economic crisis yesterday, saying it would not boost their confidence or be sustainable.

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Tue, 25 Aug 1998

JP/Habibie vows to help contractors

Habibie vows to help contractors JAKARTA (JP): President B.J. Habibie said yesterday he was saddened by the fact that at least five million construction workers had lost their jobs this year due to the economic downturn.

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Tue, 25 Aug 1998

JP/Two ex-convicts shot in robbery

Two ex-convicts shot in robbery JAKARTA (JP): Two ex-convicts were shot by a policeman for allegedly robbing a gold necklace from a woman on Jl. Pejagalan Raya in the Tambora district of West Jakarta early yesterday.Tambora police chief Maj.

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Tue, 25 Aug 1998

JP/Regional security forum to be held

Regional security forum to be held BANDUNG: A fifth dialog in a series of forums on political affairs and regional security in the post Cold War era will be held here Thursday.

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Tue, 25 Aug 1998

JP/'No riots ahead of MPR meet'

'No riots ahead of MPR meet' JAKARTA (JP): State Intelligence Coordinating Board chief Moetojib assured people yesterday that no riots would occur prior to November's Extraordinary Session of the People's Consultative Assembly (MPR).

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Tue, 25 Aug 1998

JP/Govt to blame for state of banking industry

Govt to blame for state of banking industry The government has decided to take over shares in four ailing banks under its scheme to restructure the country's banking industry. Economist Kwik Kian Gie discusses unfairness in the valuation of the banks' assets.

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Tue, 25 Aug 1998

JP/Goh urges Jakarta to investigate riots

Goh urges Jakarta to investigate riots JAKARTA (JP): Singaporean Prime Minister Goh Chok Tong impressed the importance of uncovering the parties responsible for Indonesia's May riots, saying that such steps would help increase Jakarta's credibility and standing.

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Tue, 25 Aug 1998

JP/Bakin question claims of mass rapes during riots

Bakin question claims of mass rapes during riots JAKARTA (JP): The Head of the State Intelligence Coordinating Board (Bakin), Lt. Gen. (ret.

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Tue, 25 Aug 1998

JP/Police assigned to promote seat belt use

Police assigned to promote seat belt use JAKARTA (JP): The city police are deploying 290 policewomen to help promote the use of car seat belts in the capital, an officer said.City Police spokesman Lt. Col. E.

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Tue, 25 Aug 1998

JP/Assault inquiry to be handled internally

Assault inquiry to be handled internally JAKARTA (JP): The incident in which former Aceh governor and Soeharto minister Ibrahim Hasan was assaulted at a discussion meeting will be handled peacefully within the Acehnese people's group that organized the meeting, a group representative said here ...

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Tue, 25 Aug 1998

JP/Volleyball team off to Australia

Volleyball team off to Australia JAKARTA (JP): The Indonesian Volleyball Association's executive director, Rita Subowo, said yesterday the association had canceled its plan to send the best beach volleyball team of Engel Bertha Kaize and Risma to the World Championships events next month.

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Tue, 25 Aug 1998

JP/Mysticism still prevails in the shadow of Mt. Merapi

Mysticism still prevails in the shadow of Mt. MerapiBy A. Solikhan and Tjahjono EP YOGYAKARTA (JP): Just like any other community living in the midst of distinctive natural phenomena, residents at the foot of Mt. Merapi have their own mystical beliefs.

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Tue, 25 Aug 1998

JP/Asiad door still open for Oka and Malik

Asiad door still open for Oka and Malik JAKARTA (JP): The National Sports Council's 13th Asian Games national training director, Mohamad Hindarto, said yesterday that windsurfers Oka Sulaksana and Malik Faizal still had a chance of competing at the Asiad based on their results at the ...

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Tue, 25 Aug 1998

JP/Sound and fury signifying nothing

Sound and fury signifying nothingBy Gwynne Dyer LONDON (JP): No, of course it didn't have anything to do with diverting attention from semen-stained dresses and the like. Shame on you for even entertaining the thought. The U.S.

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Tue, 25 Aug 1998

JP/Japan to provide troubled local firms with loadns

Japan to provide troubled local firms with loadns JAKARTA (JP): Japan plans to provide working capital loans to troubled joint-venture labor-intensive manufacturing firms to help them survive the crisis.

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Tue, 25 Aug 1998

JP/Govt to allow foreign control of local banks

Govt to allow foreign control of local banks JAKARTA (JP): The government plans to allow foreign investors to hold controlling ownership of Indonesian banks either through direct placement or the capital market, a senior official has said.

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Tue, 25 Aug 1998

JP/Rates for Tax Payment

Rates for Tax Payment JAKARTA (JP): The new official conversion rates as the basis for payment of import duty, value-added tax on goods and services, sales tax on luxury goods, export tax and income tax, valid from Aug. 24 to Aug. 30: U.S. dollar 1 Rp 11,550.

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Tue, 25 Aug 1998

JP/Irian Jaya not yet ready for autonomy: Governor

Irian Jaya not yet ready for autonomy: Governor JAKARTA (JP): Irian Jaya Governor Freddy Numberi threw cold water on calls for greater autonomy yesterday, arguing that Indonesia's easternmost province lacked sufficiently skilled human resources for such a responsibility.

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Tue, 25 Aug 1998

JP/National soccer team offered bonus if it wins Tiger Cup

National soccer team offered bonus if it wins Tiger Cup JAKARTA (JP): Cash bonuses are being dangled in front of the national soccer team for the upcoming Tiger Cup in a bid to motivate players to restore the country's tattered international reputation in the sport.

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Tue, 25 Aug 1998

JP/Astra, ProEM train disabled

Astra, ProEM train disabled JAKARTA (JP): The Yayasan Bina Karya Mandiri foundation of the Astra International Group and ProEM Australia opened a disability employment support training course here yesterday which will proceed for five days with 11 trainees from various companies as the sponsors.

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Tue, 25 Aug 1998

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 24, 1998: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo ...

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Tue, 25 Aug 1998

JP/Good, but not enough

Good, but not enough Without doubt, the dismissal of Lieutenant General Prabowo Subianto from active military service and the relief from "all structural duties" of two other high ranking officers from the Army's Special Force (Kopassus) is headline news for the Indonesian media.

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Tue, 25 Aug 1998

JP/Familiar stench of nepotism

Familiar stench of nepotism Very interestingly yet ridiculously, President B.J. Habibie presented Mahaputera Adipradana medals of merit to a number of government officials and community figures on Aug. 14, 1998.

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Tue, 25 Aug 1998

JP/Rupiah stable but stocks fall 4.5 percent on JSX

Rupiah stable but stocks fall 4.5 percent on JSX JAKARTA (JP): The rupiah escaped the regional currency slump yesterday, rising to 11,650 against the U.S. dollar on positive market response to the government's latest measures to invigorate the country's ailing banking system.

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Tue, 25 Aug 1998

JP/Observers give Wiranto decision the thumbs down

Observers give Wiranto decision the thumbs down JAKARTA (JP): Military observers and rights campaigners have given the thumbs down to the Armed Forces' decision to slap administrative punishments on Lt. Gen.

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Tue, 25 Aug 1998

JP/Ex-regent queried over graft charges

Ex-regent queried over graft charges UJUNGPANDANG, South Sulawesi: Former Maros Regent Nasrun Amrullah was intensively questioned by the provincial Attorney General's office here yesterday over allegations that he embezzled Rp 1.4 million in development funds.

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Tue, 25 Aug 1998

JP/Riau gets a new bi-weekly

Riau gets a new bi-weekly PEKANBARU, Riau: A new bi-weekly magazine called Tema (Theme) is set to be launched here next month after it formally received its publishing license from the Ministry of Information.

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Tue, 25 Aug 1998

JP/GKPB event disrupted

GKPB event disrupted SURABAYA: The launching of the Movement for Indonesian Justice and Unity's (GKPB) East Java chapter here yesterday had to be hastily held as hundreds of students demonstrated outside the meeting's venue, successfully disrupting the event.

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Tue, 25 Aug 1998

JP/Extortion

Extortion I wish to share with readers an unfortunate experience which happened while I was a resident of Indonesia. For the weekend of July 4 to July 6, I contracted with Mr.

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Tue, 25 Aug 1998

JP/Conversion Rates

Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on Aug. 22, 1998: Buying Selling Rp Rp U.S. dollar 1 11,500.00 12,000.

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Tue, 25 Aug 1998

JP/Scoring system for bids in logging auction

Scoring system for bids in logging auction JAKARTA (JP): A scoring system will be used in awarding logging contracts to ensure only parties displaying a strong commitment to protecting the environment and engaging participation of local people will win, a minister said yesterday.

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Tue, 25 Aug 1998

JP/Toward a face-saving settlement?

Toward a face-saving settlement? At long last the Supreme Court has made its ruling in the Indonesian Democratic Party (PDI) case, a decision far from ending the dispute (between former party chairwoman Megawati Soekarnoputri and the government-backed Soerjadi faction which ousted her) since the ...

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Tue, 25 Aug 1998

JP/Soerjadi vows to refuse renomination

Soerjadi vows to refuse renomination JAKARTA (JP): Soerjadi, the besieged chairman of the Indonesian Democratic Party (PDI), said he would refuse any attempt to renominate him during the government-backed party congress which opens today in Palu, Central Sulawesi.

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Tue, 25 Aug 1998

JP/Astronomers-to-be help record rare ring solar eclipse

Astronomers-to-be help record rare ring solar eclipseText and photos by IGGP Bayu Ismoyo DUMAI, Riau (JP): A flurry of activity was seen here Saturday in response to a rare event: a ring solar eclipse.

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Tue, 25 Aug 1998

JP/Housewife hangs herself

Housewife hangs herself JAKARTA (JP): A housewife committed suicide by hanging herself at her residence in Kemayoran, Central Jakarta, yesterday, after a heated argument with her husband.

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Tue, 25 Aug 1998

JP/Where to go in Bandung:

Where to go in Bandung:Performances * Drama by Teater Alibi, in Gedung Kesenian Rumentang Siang, Jl. Baranang Siang 1, Kosambi (Phone: 022-433562), 8 p.m. to 11 p.m., Aug 28-30.Music and Entertainment * Hotel Papandayan, Jl. Gatot Subroto No. 83 (Phone: 022 310799): - The Burangrang Lounge at 7 p.

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Tue, 25 Aug 1998

JP/Sailor killed by colleague

Sailor killed by colleague JAKARTA (JP): A 50-year-old sailor was stabbed to death during a fight with another crew member on board the Contesa 04 fishing boat Thursday while sailing across the Karimata strait, off Karimata island, West Kalimantan.

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Tue, 25 Aug 1998

JP/IBRA promises full compensation

IBRA promises full compensation JAKARTA (JP): Around 12,000 employees who will lose their jobs as a result of the closure of three badly managed banks will receive twice as much compensation as they are entitled to under existing labor regulations, the Indonesian Bank Restructuring Agency (IBRA) ...

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Tue, 25 Aug 1998

JP/Restoration of confidence a top priority

Restoration of confidence a top priorityBy Joe L. Spartz JAKARTA (JP): Like any other currency in the world, the value of the rupiah is determined by a variety of factors, of which public trust and confidence are amongst the most important and elusive.

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Tue, 25 Aug 1998

JP/Govt resumes Semen Gresik talks with Cemex

Govt resumes Semen Gresik talks with Cemex JAKARTA (JP): The government reopened negotiations yesterday with Mexico's Cemex SA de CV over the stalled sale of the state- owned cement maker PT Semen Gresik.

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Tue, 25 Aug 1998

JP/Lippo's Riady backs govt action on troubled banks

Lippo's Riady backs govt action on troubled banks JAKARTA (JP): Deputy chairman of the Lippo group James T. Riady hailed yesterday the government's move to freeze and nationalize several debt-ridden banks, believing it would help restore market confidence in the country's ailing banking industry.

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Tue, 25 Aug 1998

JP/Marzuki urges probe into E. Timor rights violations

Marzuki urges probe into E. Timor rights violations JAKARTA (JP): A thorough investigation into human rights abuses and the lifting of the cloud of public fear are prerequisites to a comprehensive solution in East Timor, leading rights campaigner Marzuki Darusman said yesterday.

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Tue, 25 Aug 1998

JP/Police believe May riots not organized

Police believe May riots not organized JAKARTA (JP): Police have not found any indication the massive riots which hit the city in mid-May were organized, city police chief Maj. Gen. Noegroho Djajoesman said Saturday.

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Tue, 25 Aug 1998

JP/Rights body confirms 781 people killed in Aceh

Rights body confirms 781 people killed in Aceh JAKARTA (JP): The National Commission on Human Rights, fresh from a visit to Aceh, confirmed yesterday that at least 781 people were killed and thousands others suffered during the nine- years of military operations in the country's ...

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Tue, 25 Aug 1998

JP/Lt. Gen. Prabowo's downfall faster than his ascent

Lt. Gen. Prabowo's downfall faster than his ascent JAKARTA (JP): Lt. Gen. Prabowo Subianto, who was discharged from the Armed Forces (ABRI) yesterday, was once considered one of the military's most promising stars destined for the very top job.

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Tue, 25 Aug 1998

JP/IFC says about 20% of its loans to RI firms turn bad

IFC says about 20% of its loans to RI firms turn bad JAKARTA (JP): The International Finance Corporation (IFC) said here yesterday that about 20 percent of its loan and equity investment in Indonesia had turned bad as the recipients could no longer repay their debts.

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Tue, 25 Aug 1998

JP/Emil urges govt to probe WB leakage

Emil urges govt to probe WB leakage JAKARTA (JP): Senior economist Emil Salim urged the government yesterday to take further steps in investigating the alleged leakage of World Bank loans, saying it had been a problem for decades.

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Tue, 25 Aug 1998

JP/Impeachment unlikely

Impeachment unlikely Thankfully, the climax of the Clinton/Lewinsky affair seems to be coming to a head, thus putting an end to what some see as a source of entertaining speculation and gossip, others as a disgusting episode underlining the moral decay of the U.S.

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Tue, 25 Aug 1998

JP/Drug dealers arrested in separate raids

Drug dealers arrested in separate raids JAKARTA (JP): The city police busted five Ecstasy dealers and traders of the popular amphetamine derivative shabu-shabu in three separate raids late last week.The latest raid, on Saturday, netted drug trafficker, Kislam, 30, at a building on Jl.

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Tue, 25 Aug 1998

JP/Badminton centers get sponsors

Badminton centers get sponsors JAKARTA (JP): The Jakarta and Yogyakarta badminton training centers sealed the receipt of financial assistance yesterday from two banks.

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Tue, 25 Aug 1998

JP/Taxi passengers extra cautious about security

Taxi passengers extra cautious about securityBy Stevie Emilia JAKARTA (JP): A red-and-yellow taxi passed in front of a woman who was dressed in an elegant office outfit. She looked at the taxi for a second but then ignored it, even though it was for hire.

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Tue, 25 Aug 1998

JP/Clinic employees jailed for assisting abortions

Clinic employees jailed for assisting abortions JAKARTA (JP): Central Jakarta District Court sentenced yesterday four employees from two clinics to between 10 and 12 months in jail for their roles in assisting in scores of illegal abortions.

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Tue, 25 Aug 1998

JP/TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:35 Children's Film: The Big Valley 3:05 Children's Program: Tunas: Belajar Lewat Televisi 3:30 Village Program: Harapan Transmigrasi -- Bengkulu 4:00 Regional News 4:30 Music: Lagu Pop Daerah -- Lampung 5:00 English Lessons 5:30 Documentary: ...

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