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

Fri, 26 May 2000

JP/Teenager burned alive by mob

Teenager burned alive by mob JAKARTA (JP): A teenage boy, who wounded a bajaj (pedicab) driver after refusing to pay for a ride, was burned alive by angry Cempaka Putih residents in Central Jakarta on Thursday morning, according to a police report.

More ...

Fri, 26 May 2000

JP/TNI members, police may be allowed to vote

TNI members, police may be allowed to vote JAKARTA (JP): House of Representatives (DPR) Speaker Akbar Tandjung suggested here on Thursday returning the right to vote to members of the Indonesian Military (TNI) and National Police should the country adopt a direct presidential election system.

More ...

Fri, 26 May 2000

JP/OCA to send observers to PON 'pencak silat'

OCA to send observers to PON 'pencak silat' JAKARTA (JP): The Olympic Committee of Asia (OCA) will send representatives to observe the pencak silat competition in the 15th National Games (PON) in Surabaya, the vice chairman of the National Sports Council (KONI) Arie Sudewo said Thursday.

More ...

Fri, 26 May 2000

JP/Dozens reported killed in Galela

Dozens reported killed in Galela AMBON, Maluku (JP): After weeks of calm, sectarian clashes erupted again in the North Maluku district of Galela on Halmahera island in early hours of Thursday when an armed mob attacked Mamuya village.Pattimura Military Commander Brig. Gen.

More ...

Fri, 26 May 2000

JP/Texmaco business should be protected, says President

Texmaco business should be protected, says President JAKARTA (JP): President Abddurrahman Wahid reiterated on Thursday that the business of the Texmaco group should be protected and further developed due to its promising future, despite the controversy over its debts to state banks.

More ...

Fri, 26 May 2000

JP/Private parking operators meet deadline on rate

Private parking operators meet deadline on rate JAKARTA (JP): At the eleventh hour, just before the deadline passed on Thursday, all private city parking operators finally complied with existing parking rate regulations.

More ...

Fri, 26 May 2000

JP/Chinese-Indonesian writers told tales of life around them

Chinese-Indonesian writers told tales of life around themBy Myra Sidharta JAKARTA (JP): About two months ago an unusual book was launched by Kepustakaan Populer Gramedia, a publishing house related to the well-known Gramedia Pustaka Utama.

More ...

Fri, 26 May 2000

JP/President renews support for Jakarta's MRT project

President renews support for Jakarta's MRT project JAKARTA (JP): President Abdurrahman Wahid renewed his support on Thursday for the construction of the repeatedly postponed Mass Rapid Transportation (MRT) project in the capital with the help of Japanese funds and technology.

More ...

Fri, 26 May 2000

JP/Metrodata targets $14.3m from rights issue

Metrodata targets $14.3m from rights issue JAKARTA (JP): Publicly listed PT Metrodata Electronics expects to raise about US$14.3 million from the its limited public offering next month.

More ...

Fri, 26 May 2000

JP/Indonesia's assets in East Timor left in limbo

Indonesia's assets in East Timor left in limbo YOGYAKARTA (JP): The status of the country's assets in East Timor remains uncertain after negotiations here with representatives of the United Nations Transitional Administration in East Timor (UNTAET) only agreed on the classification of assets in ...

More ...

Fri, 26 May 2000

JP/'Detikcom' adds Euro 2000 reports

'Detikcom' adds Euro 2000 reports JAKARTA (JP): Soccer enthusiasts can surf the Internet to search for newly updated news on Euro 2000 by visiting www.detik.com for its special feature "Crazy Euro 2000" (Gila Piala Eropa 2000).

More ...

Fri, 26 May 2000

JP/Fortune buys Bawean field

Fortune buys Bawean field JAKARTA (JP): Fortune Oil & Gas, Inc. announces today that its subsidiary, Indo Pacific Oil and Gas, Inc., has signed an agreement to acquire 100 percent of the shares of GFB Resources (Java) Ltd. from Carmanah Resources Ltd. of Calgary, Alberta, Canada.

More ...

Fri, 26 May 2000

JP/Editor

Editor Letters intended for publication should not exceed 400 words. E-mailed letters must be accompanied by a faxed identity card with a note "Your Letters" on it. All letters should contain the writer's name, address, phone number and a copy of an identity card.

More ...

Fri, 26 May 2000

JP/Fate and fortunes

Fate and fortunes Besieged in his home city, the sick and frail old man who once ruled Indonesia like a personal fiefdom is experiencing the fate that befalls so many despots once they are overthrown.

More ...

Fri, 26 May 2000

JP/Prisoners caught using drugs

Prisoners caught using drugs JAKARTA (JP): Security officials of the Cipinang penitentiary in East Jakarta and the Salemba prison in Central Jakarta arrested eight prisoners for alleged abuse and possession of drugs in separate raids on Thursday.

More ...

Fri, 26 May 2000

JP/Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on May 25, 2000: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo ...

More ...

Fri, 26 May 2000

JP/Witness insists Sjahril attended Feb. 11 meeting

Witness insists Sjahril attended Feb. 11 meeting JAKARTA (JP): Former deputy chairman of Bank Bali Firman Soetjahja confirmed on Thursday that Bank Indonesia Governor Sjahril Sabirin attended a Feb.

More ...

Fri, 26 May 2000

JP/Reformists meeting canceled due to technical reasons

Reformists meeting canceled due to technical reasons JAKARTA (JP): The officially scheduled dialogue between President Abdurrahman Wahid and the country's three top leaders on Thursday was canceled due to technical reasons.

More ...

Fri, 26 May 2000

JP/Govt set to open up new sectors to foreigners

Govt set to open up new sectors to foreigners JAKARTA (JP): The government said on Thursday it would review the negative investment list, which catalogs business sectors barred to foreign investors, in an effort to provide wider investment opportunities.

More ...

Fri, 26 May 2000

JP/CA launches security software

CA launches security software JAKARTA (JP): Software company Computer Associates Indonesia (CA) introduced on Thursday its newest security software to protect Internet businesses from hackers.

More ...

Fri, 26 May 2000

JP/TV today

TV todayTVRI 5:30 a.m. Religious Teachings 6:00 News 8:00 Children's Program 8:30 Music 10:00 Interval 2:00 p.m.

More ...

Fri, 26 May 2000

JP/New chiefs for eight state firms

New chiefs for eight state firms JAKARTA (JP): The government has replaced the presidents of eight major state enterprises operating in banking, insurance, commodity trading and money printing.

More ...

Fri, 26 May 2000

JP/Suspect's role in bogus money case

Suspect's role in bogus money case SURABAYA (JP): A chauffeur of Slamet Hardjo, a suspect in a counterfeit money case, told interrogators on Thursday that he saw Soemarjono, the main suspect, hand over a box believed to contain bogus money to his employer.Surabaya Police chief of detectives Maj.

More ...

Fri, 26 May 2000

JP/Economic growth the linchpin to hold RI together

Economic growth the linchpin to hold RI together The following is an excerpt from an interview with Samuel P. Huntington, a prominent sociopolitical theorist from Harvard University.

More ...

Fri, 26 May 2000

JP/Ambhara Hotel operates Pub

Ambhara Hotel operates Pub JAKARTA (JP): In the midst of tough competition in the entertainment business in the capital, Ambhara Hotel on Jl.

More ...

Fri, 26 May 2000

JP/Garuda to pledge non-core assets to creditors

Garuda to pledge non-core assets to creditors JAKARTA (JP): Indonesia's flag carrier Garuda Indonesia expects to pledge four of its business units to its creditors as part of its efforts in closing a debt restructuring deal, a company executive said.

More ...

Fri, 26 May 2000

JP/Megawati to open GMNI Congress

Megawati to open GMNI Congress SEMARANG, Central Java: Vice President Megawati Soekarnoputri is slated to open the second congress of the National Communications Alumni Forum of the Indonesian Nationalist Students Movement (GMNI) here, which will be held from June 1 to June 3.

More ...

Fri, 26 May 2000

JP/Fairer use of natural riches called for

Fairer use of natural riches called for JAKARTA (JP): Representatives of traditional communities, the business sector, non-governmental organizations, scholars and the government ended a three-day gathering here on Thursday to formulate strategies for sustainable and community friendly natural ...

More ...

Fri, 26 May 2000

JP/'Left' making inroads into Balinese calm

'Left' making inroads into Balinese calmBy Degung Santikarma DENPASAR, Bali (JP): Over the past year, despite the stagnant Indonesian economy, a new industry has exploded in Bali.

More ...

Fri, 26 May 2000

JP/Conversion Rates

Conversion RatesBank Indonesia's conversion rates on May 25, 2000: Bank notes rates Buying Selling Rp Rp U.S. dollar 1 7,960.00 8,960.00Australian dollar 1 4,541.18 5,116.

More ...

Fri, 26 May 2000

JP/Student clash with police near Cendana

Student clash with police near Cendana JAKARTA (JP): Angered at being repeatedly blocked by tight security, about 800 anti-Soeharto protesters attacked police with rocks and Molotov cocktails on Thursday, burning a traffic police post near the Central Jakarta residence of the former president.

More ...

Fri, 26 May 2000

JP/Where to go in Jakarta: Friday, May 26, 2000

Where to go in Jakarta: Friday, May 26, 2000Exhibitions* Antique Batik Exhibition and sale, at ICAC House, Jl. BonaVista Raya, Lebak Bulus, 10 a.m. to 3 p.m., May 27. Entrance by donation. * Painting Exhibition by Eddy Sundara, at Negeri Lama Gallery, Jl.

More ...

Fri, 26 May 2000

JP/Parking fee fracas in Bali

Parking fee fracas in Bali DENPASAR, Bali: A clash between villagers in Seririt regency in Buleleng, 120 kilometers northwest of here, erupted on Thursday morning leaving two people badly injured.

More ...

Fri, 26 May 2000

JP/Mari queries Texmaco, Chandra Asri deals

Mari queries Texmaco, Chandra Asri deals JAKARTA (JP): Economist Mari Pangestu questioned on Thursday the debt settlements for textile giant Texmaco Group and petrochemical firm PT Chandra Asri Petrochemical Center, saying the deals lacked transparency.

More ...

Fri, 26 May 2000

JP/Lifting ban on communism to promote democracy

Lifting ban on communism to promote democracyBy Kamaluddin Pane JAKARTA (JP): President Abdurrahman Wahid's (Gus Dur) proposal to revoke the Provisional People's Consultative Assembly (MPRS) Decree No.

More ...

Fri, 26 May 2000

JP/Kerosene output increased

Kerosene output increased PURWOKERTO, Central Java (JP): In response to the disappearance of kerosene from markets in Central Java and several areas in West Java, state oil and gas company Pertamina increased kerosene output at its refinery in Cilacap, Central Java since Monday.

More ...

Fri, 26 May 2000

JP/Pick of the Flicks (for Friday, May 26, 2000)

Pick of the Flicks (for Friday, May 26, 2000)Hollywood KC Mission to Mars 14:15 16:55 19:05 21:15 Bats 14:55 17:35 19:45 21:55 The Talented Mr.

More ...

Fri, 26 May 2000

JP/Sapuan questioned over Rp 35b scam

Sapuan questioned over Rp 35b scam JAKARTA (JP): Police questioned on Thursday deputy chief of the National Logistics Agency (Bulog) Sapuan as a suspect in a Rp 35 billion scam which involved a masseur of President Abdurrahman Wahid.Jakarta Police detective chief Col.

More ...

Fri, 26 May 2000

JP/Govt to review policy on imports of luxury vehicles

Govt to review policy on imports of luxury vehicles JAKARTA (JP): The government might soon lift the ban on imports of completely built-up luxury cars with engine capacities exceeding 4,000cc, Minister of Trade and Industry Luhut Panjaitan said on Thursday.

More ...

Fri, 26 May 2000

JP/U.S. to resume military ties with Indonesia

U.S. to resume military ties with Indonesia JAKARTA (JP): The United States has quietly moved to begin mending military ties with Indonesia after they were suspended for more than eight months following the East Timor debacle.

More ...

Fri, 26 May 2000

JP/House okays Bank Niaga recapitalization

House okays Bank Niaga recapitalization JAKARTA (JP): After hours of heated debate, the House of Representatives finally approved late on Thursday to fund the increased costs for the recapitalization of publicly listed Bank Niaga.The recapitalization costs have increased to Rp 9.46 trillion (US$1.

More ...

Fri, 26 May 2000

JP/Peleng quake toll rises

Peleng quake toll rises PALU, Central Sulawesi: The death toll of an earthquake on May 4 in Peleng Island rose to 48 after another victim who had been treated in hospital died.Djeraini, 67, a resident of Banggai islands died from on Wednesday after being treated for three weeks.

More ...

Fri, 26 May 2000

JP/Envoy vows to help probe Indonesian worker abuse case

Envoy vows to help probe Indonesian worker abuse case JAKARTA (JP): Palestinian Ambassador Ribbi Awad vowed on Thursday to help investigate the alleged abuse of a teenage Indonesian migrant worker by her employers and labor agency in Gaza."So far, I haven't received any information about it.

More ...

Fri, 26 May 2000

JP/President to survive interpellation

President to survive interpellation Legislators plan to exercise their interpellation rights and question President Abdurrahman (Gus Dur) Wahid over his controversial policies.

More ...

Fri, 26 May 2000

JP/Millennium 2000 Opera Gala Night shows again

Millennium 2000 Opera Gala Night shows again JAKARTA (JP): The "Millennium 2000 Opera Gala Night", premiered last April, will show again at the Dharmawangsa hotel this Saturday.

More ...

Fri, 26 May 2000

JP/Luring investment

Luring investment Against a backdrop of the sagging of the rupiah against the U.S. dollar and the dire need of quick recovery from a prolonged economic "impotence", the initiative to lure more foreign investors as televised live by TVRI on the evening of May 23, 2000, deserves praise.

More ...

Fri, 26 May 2000

JP/Decade after polls, no democracy in Myanmar

Decade after polls, no democracy in MyanmarBy Grant Peck YANGON (AP): At the rate things are going, old people here may someday be telling their disbelieving grandchildren of the once- in-a-lifetime opportunity they had to vote on May 27, 1990.

More ...

Fri, 26 May 2000

JP/Bakrie Finance bankrupt: Supreme Court

Bakrie Finance bankrupt: Supreme Court JAKARTA (JP): The Supreme Court has declared PT Bakrie Finance Corporation bankrupt, overruling the verdict issued by the Jakarta Commercial Court in March, a foreign creditor said.

More ...

Fri, 26 May 2000

JP/Corruption: What to do?

Corruption: What to do? Eradicating corruption in Indonesia will take time because cases are rampant. "Such practices have been deeply rooted in society for decades.

More ...

Fri, 26 May 2000

JP/Three police sergeants fired

Three police sergeants fired JAKARTA (JP): After months of a thorough investigation of their alleged crimes, three city police sergeants were finally fired from the force beginning on Thursday.The dismissal of the three men -- chief Sgt. Antonius Bargowo, chief Sgt. Sunyoto and Second Sgt.

More ...

Fri, 26 May 2000

JP/Ethnic eruptions in Fiji

Ethnic eruptions in Fiji The civilized world will unanimously condemn the crude attempt to topple the democratically elected government in Fiji, in particular to oust its prime minister.

More ...

Fri, 26 May 2000

JP/Shostakovich performance vibrant with theatricality

Shostakovich performance vibrant with theatricalityBy Y. Bintang Prakarsa JAKARTA (JP): Russian composers are under-represented in Jakarta classical programs, therefore a Shostakovich performance by two marvelous young musicians last Tuesday (May 23) at Erasmus Huis was most welcome.

More ...

Find news items by date