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

Fri, 25 Aug 2000

JP/UN panel calls for 'credible mandates'

UN panel calls for 'credible mandates'By Stefan Ulrich MUNICH (DPA): The peacekeepers had come to disarm the fighters and protect the people, but they ended up having to surrender their own weapons and they couldn't even defend themselves.

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Fri, 25 Aug 2000

JP/Rumors of new ministers wanting to resign denied

Rumors of new ministers wanting to resign denied JAKARTA (JP): As speculation of cracks in the relationship between President Abdurrahman Wahid and Vice President Megawati Soekarnoputri mounted on Thursday, rumors of newly appointed ministers wanting to bail out of the Cabinet began to circulate.

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Fri, 25 Aug 2000

JP/Cradle of intifada nervously awaits Mideast peace

Cradle of intifada nervously awaits Mideast peaceBy Timothy Heritage GAZA (Reuters): Maj. Gen. Abdel-Razek al-Majaydeh smiles as he recounts how a group of Palestinian children throwing stones at Israeli soldiers triggered a security alert on a recent summer's day in Gaza.

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Fri, 25 Aug 2000

JP/Three countries join Independence Cup

Three countries join Independence Cup JAKARTA (JP): Three foreign countries -- China Taipei, Myanmar and Iraq -- have confirmed their participation in the 2000 Independence Cup soccer tournament from Aug. 28 to Sept. 3 at Senayan Stadium here.

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Fri, 25 Aug 2000

JP/Lower import tariff asked for Chinese buses

Lower import tariff asked for Chinese buses JAKARTA (JP): The city administration will ask that the import tariff on buses purchased from China be reduced in order to make the buses affordable to transportation operators.A city official unveiled the proposal on Thursday.

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Fri, 25 Aug 2000

JP/Pick of the Flicks

Pick of the FlicksHollywood KC The Patriot 14:15 17:20 20:25 X-Men 14:55 17:35 19:45 21:55 Gladiator 14:15 17:15 20:25 Passion of Mind 14:55 17:35 19:45 21:55 The Perfect Storm 14:15 ...

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Fri, 25 Aug 2000

JP/Hingis in polio push ahead of U.S. Open

Hingis in polio push ahead of U.S. Open JAKARTA (JP): In her role as World Health Organization (WHO) Goodwill Ambassador for polio eradication, world number one women's tennis player Martina Hingis of Switzerland will single- handedly take on four celebrity media doubles teams, one after the ...

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Fri, 25 Aug 2000

JP/Gus Dur's remarks on Megawati were 'sexist'

Gus Dur's remarks on Megawati were 'sexist' JAKARTA (JP): President Abdurrahman Wahid's remarks about his vice president at Wednesday's announcement of the new Cabinet have angered women's rights campaigners."In a way it was dismissive. I think there was an element of sexism.

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Fri, 25 Aug 2000

JP/Non-Malays face bleak future in PAS-led states

Non-Malays face bleak future in PAS-led statesBy Wan Hamidi Hamid The Chinese community in Kelantan and Terengganu makes up about 5 percent of the total population there.

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Fri, 25 Aug 2000

JP/Liberalize all the media

Liberalize all the media Kudos to the government for coming to its senses in allowing foreign investment into the robust multimedia services. Presidential Decree No.

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Fri, 25 Aug 2000

JP/Indonesian community finds its voice on 'radio santai'

Indonesian community finds its voice on 'radio santai'By Sonya Sandham SYDNEY (JP): Each Sunday evening in the Australian city of Sydney, homesick Indonesian students and long-term residents turn their radio dials to 89.7FM for Radio Suara Indonesia.

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Fri, 25 Aug 2000

JP/Latin countries wary of U.S. role

Latin countries wary of U.S. roleBy Jonathan Wright WASHINGTON (Reuters): As Washington shifts from planning to action behind the embattled Colombian government, other Latin American countries watch from the sidelines, some with trepidation, others with cautious enthusiasm.Under a U.S.

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Fri, 25 Aug 2000

JP/President Gus Dur visits Megawati

President Gus Dur visits Megawati JAKARTA (JP): President Abdurrahman Wahid visited Vice President Megawati Soekarnoputri at her official residence on Thursday evening amid speculation of strained relations between the two after the announcement of the new Cabinet lineup on Wednesday.

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Fri, 25 Aug 2000

JP/Bank Bali Internet banking

Bank Bali Internet banking JAKARTA (JP): Bank Bali launched on Thursday a new virtual banking service to allow customers to retrieve account information and pay bills through the internet.The internet banking service, which is accessible through the website www.bankbali.

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Fri, 25 Aug 2000

JP/Susilo to be questioned: Djasrie

Susilo to be questioned: Djasrie JAKARTA (JP): Military police chief Maj. Gen. Djasrie Marin said on Thursday that newly appointed Coordinating Minister for Political, Social and Security Affairs Lt. Gen.

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Fri, 25 Aug 2000

JP/On sexual attitude

On sexual attitude It was very interesting to read C. Parry's letter about the issue of sexual attitudes here in Indonesia (The Jakarta Post, Aug. 23, 2000).

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Fri, 25 Aug 2000

JP/JSX threatens Semen Cibinong

JSX threatens Semen Cibinong JAKARTA (JP): The Jakarta Stock Exchange (JSX) said on Thursday it would suspend trading of cement producer PT Semen Cibinong next Monday if the latter failed to clarify the existence of deposits of US$250 million by Friday.

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Fri, 25 Aug 2000

JP/Munchen promotes Bauma 2001

Munchen promotes Bauma 2001 JAKARTA (JP): Organizers of the Bauma 2001 trade exhibition for construction machinery and building materials made a presentation before Indonesian entrepreneurs on Thursday on why they should visit the German city of Munchen in April next year.

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Fri, 25 Aug 2000

JP/RI trade mission to Iran

RI trade mission to Iran JAKARTA (JP): Minister of Industry and Trade Luhut Pandjaitan will lead a trade mission to Iran in September to improve bilateral trade between the two countries, which has been declining for the past four years.

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Fri, 25 Aug 2000

JP/Servant's death leads to unrest

Servant's death leads to unrest BANDUNG: Local residents of Cicadas, Bandung, became enraged and destroyed a glaziery in which a 14-year-old servant died in an accident on Thursday.

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Fri, 25 Aug 2000

JP/'I'm no traitor to my country': Gen. Tyasno

'I'm no traitor to my country': Gen. Tyasno JAKARTA (JP): Army Chief of Staff Gen. Tyasno Sudarto vowed on Thursday that he would never answer the accusation made by defendant Ismail Putra in connection with Tyasno's alleged involvement in a Rp 19.2 billion (US$2.3 million) counterfeit money case.

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Fri, 25 Aug 2000

JP/Lubricants must have registration numbers: Govt

Lubricants must have registration numbers: Govt JAKARTA (JP): The government said on Thursday that all lubricants sold in the country should have registration numbers starting as of Oct. 1, to protect consumers.

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Fri, 25 Aug 2000

JP/Export oriented firms form forum to voice complaints

Export oriented firms form forum to voice complaints JAKARTA (JP): At least 17 export oriented companies agreed on Thursday to form a forum to help voice their concerns to the government following the disbandment of the National Business Development Council (DPUN).

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Fri, 25 Aug 2000

JP/Poor plan, corruption slows effort to rebuild Cambodia

Poor plan, corruption slows effort to rebuild CambodiaBy Chris Fontaine TANON, Cambodia (AP): In the capital, highly visible yuppies drive late-model Japanese cars, chat on cell phones and spend leisurely Sundays strolling in riverside parks with their well- dressed families.

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Fri, 25 Aug 2000

JP/Gus Dur denies 'rift' with Megawati

Gus Dur denies 'rift' with MegawatiBy Budiman Moerdijat JAKARTA (JP): President Abdurrahman Wahid denied strained relations with Vice President Megawati Soekarnoputri despite the latter's conspicuous absence during the announcement of the new Cabinet on Wednesday, the President's biographer said.

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Fri, 25 Aug 2000

JP/Conversion Rates

Conversion RatesBank Indonesia's conversion rates on Aug. 24, 2000: Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

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Fri, 25 Aug 2000

JP/More criticism rains down on new Cabinet

More criticism rains down on new Cabinet JAKARTA (JP): The new cabinet lineup on Thursday again came under a barrage of criticism from observers and politicians who expressed misgivings about the Cabinet's ability to cooperate with the Vice President whom the president has claimed will be tasked ...

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Fri, 25 Aug 2000

JP/City police chief hails court's ruling

City police chief hails court's ruling TANGERANG (JP): Jakarta Police chief Insp. Gen. Nurfaizi hailed on Thursday a district court ruling handing down death sentences to three cocaine smugglers.

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Fri, 25 Aug 2000

JP/Gus Dur changes the name of IPTN to PT Dirgantara Indonesia

Gus Dur changes the name of IPTN to PT Dirgantara Indonesia BANDUNG (JP): President Abdurrahman Wahid officially changed the Bandung-based aircraft company's name on Thursday from Industri Pesawat Terbang Nusantara (IPTN) to PT Dirgantara Indonesia in commemoration of its 14th anniversary.

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Fri, 25 Aug 2000

JP/Calm returns to Luwu

Calm returns to Luwu MAKASSAR, South Sulawesi: The situation in the riot-hit regency of Luwu has returned to normal, but the waves of refugees seeking shelter outside the town continues.Deputy chief of South Sulawesi Police Sr. Supt.

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Fri, 25 Aug 2000

JP/'Wartel' owners object to new policy

'Wartel' owners object to new policy JAKARTA (JP): The government's plan to halt the current revenue sharing scheme between state-owned PT Telkom and operators of telecommunications kiosks, locally known as wartel, has received strong objections from businessmen.

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Fri, 25 Aug 2000

JP/More Brimob troops for Maluku

More Brimob troops for Maluku AMBON, Maluku: National Police chief Gen. Rusdihardjo said on Thursday that the police would send a fresh batch of Police Mobile Brigade (Brimob) officers with new AK-47s and SS-1 semi- automatic rifles to help restore peace to the strife-torn province.

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Fri, 25 Aug 2000

JP/Putin sneaks silently from disaster site

Putin sneaks silently from disaster siteBy Tomas Avenarius MOSCOW (DPA): The angry, mourning relatives of the dead crew of the sunken submarine Kursk apparently showed Russian President Vladimir Putin the door.Putin departed abruptly from Murmansk, stealing away secretly and in the early morning.

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Fri, 25 Aug 2000

JP/12 foreigners fail drug tests in Bali

12 foreigners fail drug tests in Bali DENPASAR, Bali (JP): The police have released one of 13 foreign tourists arrested in Sunday's drug bust and named the rest suspects.

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Fri, 25 Aug 2000

JP/Preparations for trial of Soeharto not ready

Preparations for trial of Soeharto not ready JAKARTA (JP): Concrete preparations were yet to be seen at the Ministry of Agriculture complex in the Ragunan area of South Jakarta, which has been selected as the venue for the holding of former president Soeharto's trial on corruption charges.

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Fri, 25 Aug 2000

JP/Rudy not to take part in Bank Bali rights issue

Rudy not to take part in Bank Bali rights issue JAKARTA (JP): Former president and ex-majority shareholder of publicly listed Bank Bali Rudy Ramli said on Thursday that he would not participate in the bank's limited public offering next month.

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Fri, 25 Aug 2000

JP/'Happy paintings' to go on roadshow to Moscow, Lisbon

'Happy paintings' to go on roadshow to Moscow, LisbonBy Mehru Jaffer JAKARTA (JP): The search this time was for a little more humor, more color and some hope.

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Fri, 25 Aug 2000

JP/Abdurrahman's Cabinet

Abdurrahman's Cabinet The new Cabinet has been given a negative response by analysts and business circles. The rupiah slid to Rp 8,430 to the U.S. dollar while businesspeople and analysts expressed doubts about certain ministers in key positions.

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Fri, 25 Aug 2000

JP/'Criteria' for getting a place in new Cabinet

'Criteria' for getting a place in new Cabinet JAKARTA (JP): Male, in his 50s, indigenous Malay either from East or West Java, has a doctorate degree from the United States and a bachelor degree from Gadjah Mada University in Yogyakarta, and is a scholar or consultant.

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Fri, 25 Aug 2000

JP/Comedian Polo arrested for drugs

Comedian Polo arrested for drugs JAKARTA (JP): City police detectives arrested on Thursday night well-known comedian Barata Nugroho, popularly called Polo, for possessing illegal drugs, an officer at the city police headquarters said."The comedian was arrested at his house at 7 p.m.

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Fri, 25 Aug 2000

JP/Pelita Air flies to Yogya

Pelita Air flies to Yogya JAKARTA (JP): Private airline Pelita Air Service launched on Thursday a new flight service connecting Jakarta and Yogyakarta using Fokker 70 or Fokker 28 aircraft.The company said it would fly four times a week to Yogyakarta on Mondays, Fridays, Saturdays and Sundays.

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Fri, 25 Aug 2000

JP/PRC and Taiwan must cooperate

PRC and Taiwan must cooperate The Jakarta Post's Aug. 19, 2000 article on page five titled Why China is going easy on Taiwan for now reveals Beijing's inability to attack Taiwan by 2005 and we welcome Beijing's decision not to use force against Taiwan for at least five years.

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Fri, 25 Aug 2000

JP/Councilors make illegal trips

Councilors make illegal trips SURABAYA: The local police here have begun a preliminary investigation into 18 provincial councilors who allegedly changed their official domestic trips to overseas tours, Surabaya Regional Police detective chief Asst. Supt. Edwin M.B. said on Thursday.

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Fri, 25 Aug 2000

JP/Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 24, 2000: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo ...

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Fri, 25 Aug 2000

JP/Sjahril tells court Marzuki pressured him to resign

Sjahril tells court Marzuki pressured him to resign JAKARTA (JP): Inactive Bank Indonesia governor Sjahril Sabirin accused Attorney General Marzuki Darusman on Thursday of pressuring him to either resign as BI governor or be declared a suspect in the high-profile Bank Bali scandal.

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Fri, 25 Aug 2000

JP/No end in sight on road to peace

No end in sight on road to peaceBy Lucien Rajakarunanayake COLOMBO: Sri Lanka's President Chandrika Kumaratunga is nothing if not determined in the labyrinthine politics of her island homeland.

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Fri, 25 Aug 2000

JP/Kartika clubs get top spots

Kartika clubs get top spots JAKARTA (JP): Kartika shooting clubs took all the top spots in the men's free pistol and rapid fire pistol events in the opening match of the 22th Anniversary Cup open shooting tournament in Senayan on Thursday.Saro Zawato scored 618.

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Fri, 25 Aug 2000

JP/International lenders support new economic team

International lenders support new economic team JAKARTA (JP): Multilateral lenders including the International Monetary Fund (IMF), the World Bank (WB) and the Asian Development Bank (ADB) vowed on Thursday to support the new Cabinet and in particular the new economic ministers in their effort to ...

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Fri, 25 Aug 2000

JP/Fees for container handling to increase by 30 percent

Fees for container handling to increase by 30 percent JAKARTA (JP): The Ministry of Communications will raise handling fees for containers in terminals operated by state-owned port operator PT Pelindo II by an average of 30 percent beginning next month.

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Fri, 25 Aug 2000

JP/House set to probe Bulogate and Bruneigate

House set to probe Bulogate and Bruneigate JAKARTA (JP): President Abdurrahman Wahid is set to come under more pressure in the next few months following a decision by the House of Representatives to follow-up its interpellation motion and to investigate the Bulogate and Bruneigate scandals.

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Fri, 25 Aug 2000

JP/'Penknife' at Erasmus Huis

'Penknife' at Erasmus Huis JAKARTA (JP): Dutch cultural center Erasmus Huis will screen Het Zakmes (The Penknife) on Sunday, a Dutch-made film which won an Emmy award in 1993.Directed by Ben Sombogaart, the film will be screened at 2 p.m. and 7 p.m. at the center on Jl. Rasuna Said.

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Fri, 25 Aug 2000

JP/Astra Otoparts net profit down

Astra Otoparts net profit down JAKARTA (JP): Automotive component producer PT Astra Otoparts Tbk said on Thursday its net profit declined 75 percent year-on- year to Rp 38 billion (US$4.5 million) in the first half of the year.Company president Budi S.

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