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

Sat, 27 May 2000

JP/Jakarta to exchange missions with Seoul

Jakarta to exchange missions with Seoul JAKARTA (JP): The Jakarta administration and the Seoul Metropolitan Government of South Korea have agreed recently to exchange missions in an effort to strengthen the sister-city relationship, officials said.

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Sat, 27 May 2000

JP/Students take note

Students take note Watching a news broadcast on ANteve on May 15, 2000, at 5 p.m., I was shocked to see two groups of university students from the engineering and polytechnic departments of North Sumatra University involved in a brawl that caused enormous damage, including to a laboratory funded ...

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Sat, 27 May 2000

JP/Police to summon expert witnesses about fake money

Police to summon expert witnesses about fake money SURABAYA (JP): East Java Police Chief, Maj. Gen. Da'i Bachtiar, said here on Friday that expert witnesses would be summoned soon to testify in the counterfeit money case involving retired Army officers.

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Sat, 27 May 2000

JP/Conversion Rates

Conversion RatesBank Indonesia's conversion rates on May 26, 2000: Bank notes rates Buying Selling Rp Rp U.S. dollar 1 7,955.00 8,955.00Australian dollar 1 4,524.80 5,098.

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Sat, 27 May 2000

JP/Time for a cease-fire

Time for a cease-fire Even if the fall of Jaffna may not be imminent, it is time for the Sri Lankan Government to come to terms with ground realities.

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Sat, 27 May 2000

JP/Risk management: Discipline with many faces

Risk management: Discipline with many facesBy Michael Sinjorgo JAKARTA (JP): Risks are a fact of life for everyone. How one deals with these risks determines the quality of one's life.Business has its own risks.

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Sat, 27 May 2000

JP/House tells Marzuki to mull reopening Texmaco case

House tells Marzuki to mull reopening Texmaco case JAKARTA (JP): The House of Representatives (DPR) urged the Attorney General's Office on Friday to reopen its investigation into the Texmaco alleged loan scandal if new evidence came up.

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Sat, 27 May 2000

JP/Interpellation plan gains supports from 277 legislators

Interpellation plan gains supports from 277 legislators JAKARTA (JP): Some 277 legislators from the 500-member House of Representatives have signed their names to a proposal to interpellate President Abdurrahman Wahid over the recent firing of two economic ministers.

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Sat, 27 May 2000

JP/A new space movie enters the local cinema

A new space movie enters the local cinema JAKARTA (JP): Astronauts fly to Mars while killer bats fly to Texas. The following reviews and grades are by Oren Murphy and Tam Notosusanto.Bats; Man vs. Nature, 91 minutes; starring Lou Diamond Phillips, Dina Meyer, Leon and Bob Gunton.

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Sat, 27 May 2000

JP/'M.V. Top Start' serves JICT

'M.V. Top Start' serves JICT JAKARTA (JP): The Jakarta International Container Terminal (JICT) said on Friday it had secured the fifth new service this year with the Singapore-based Hub Line.JICT said Hub Line's M.V.

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Sat, 27 May 2000

JP/Big names set for Indonesian Open

Big names set for Indonesian Open JAKARTA (JP): Players from Denmark, Sweden, England, Wales and the Netherlands are confirmed to compete in the Indonesia Open badminton tournament at Senayan Indoor Tennis Stadium in July.

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Sat, 27 May 2000

JP/Groups fight to outlaw tied aid 'disgrace'

Groups fight to outlaw tied aid 'disgrace'By John Madeley LONDON: On the face of it, nothing could be more generous. Western countries give poorer countries around US$50 billion a year in development aid.

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Sat, 27 May 2000

JP/Exam sneak preview sparks investigation

Exam sneak preview sparks investigation JAKARTA (JP): The Ministry of National Education confirmed here on Friday that makeups may have to be held by several students in Jakarta and West Java following the discovery of possible leaks in the just completed national high school final examinations ...

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Sat, 27 May 2000

JP/Apartheid victims wait for reparations

Apartheid victims wait for reparationsBy Bronwen Roberts CAPE TOWN (AFP): South Africa's government is paying interim emergency reparations to thousands of victims of violations under apartheid, but has drawn fire for failing to set guidelines on long-term grants.

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Sat, 27 May 2000

JP/Aceh death toll since peace pact reaches 28

Aceh death toll since peace pact reaches 28 LHOKSEUMAWE, Aceh (JP): Uneasy calm returned here on Friday following a fatal shooting involving members of military police which claimed the lives of two officers and injured eight others in Lhokseumawe a day earlier.Lt.

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Sat, 27 May 2000

JP/President calls on farmers to do more

President calls on farmers to do more MARTAPURA, South Kalimantan: President Abdurrahman Wahid, during a one-day visit here on Friday, called on farmers to produce not only rice but other agricultural commodities as well.

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Sat, 27 May 2000

JP/Ignorance about syariah law

Ignorance about syariah law Widespread demands in Indonesia that Indonesian migrant worker Kartini binti Karim should be spared from being stoned to death for adultery have been fulfilled. The council of judges of the Fujairah court in the United Arab Emirates declared Kartini free.

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Sat, 27 May 2000

JP/Weakening rupiah hits Olympic training

Weakening rupiah hits Olympic training JAKARTA (JP): The National Sports Council (KONI) must seek an extra Rp 124 million (US$14,500) for its budget to finance the training preparation of the 2000 Olympic Games, deputy official in charge of planning and budget, Sudharno, said Friday.

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Sat, 27 May 2000

JP/Looming anarchy

Looming anarchy Anarchy loomed in Jakarta on Friday, reminiscent of the days before the massive and brutal riots of May 1998. Clashes between students and security officers, previously confined to the elite Menteng area where former president Soeharto lives, spread to busy streets, Jl.

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Sat, 27 May 2000

JP/Batik bonanza for the taking on streets of Yogyakarta

Batik bonanza for the taking on streets of YogyakartaBy Tarko Sudiarno YOGYAKARTA (JP): Yogyakarta is famed as one of the batik centers in the country. Its ornate, classically designed motifs, worn by Javanese royal families, is the city's cultural trademark.

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Sat, 27 May 2000

JP/Abdurrahman makes mark on State Secretariat

Abdurrahman makes mark on State Secretariat JAKARTA (JP): President Abdurrahman Wahid has finalized the revamping of the powerful State Secretariat, a move which will also pave the way for Vice President Megawati Soekarnoputri to announce her own working team.

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Sat, 27 May 2000

JP/Gus Dur to meet S&P about RI credit rating

Gus Dur to meet S&P about RI credit rating JAKARTA (JP): President Abdurrahman Wahid is planning to meet international rating agency Standard & Poor's Corp. (S&P) in New York early next month in a bid to help improve the country's credit rating, according to a close aide.

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Sat, 27 May 2000

JP/U.S. keeping Army out of resumed military aid

U.S. keeping Army out of resumed military aid JAKARTA (JP): Minister of Defense Juwono Sudarsono confirmed on Friday the United States did not include the Army in the gradual normalization of military ties with Indonesia because of a lot of "unfinished business".

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Sat, 27 May 2000

JP/Feisal says neither he nor Soeharto ordered PDI attack

Feisal says neither he nor Soeharto ordered PDI attack JAKARTA (JP): Police investigators may find it difficult to draw conclusions over the criminal aspects of the July 27, 1996 attack on Indonesian Democratic Party (PDI) headquarters as witnesses have continued to give conflicting testimonies.

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Sat, 27 May 2000

JP/Man suspected in brother's killing

Man suspected in brother's killing JAKARTA (JP): Senen Police detectives have arrested a man for killing his older brother after he refused to help him collect a debt, an officer said on Friday.Second Lt.

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Sat, 27 May 2000

JP/Luhut blasts firms over raw material

Luhut blasts firms over raw material BANDUNG, West Java (JP): Minister of Industry and Trade Luhut Panjaitan strongly criticized businessmen who failed to use local raw material for their exported products.

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Sat, 27 May 2000

JP/Merpati info on cell phones

Merpati info on cell phones JAKARTA (JP): State-owned air carrier Merpati Nusantara Airlines announced on Friday a new service to allow customers to check flight schedules with their mobile telephones.

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Sat, 27 May 2000

JP/RI public relations and economic diplomacy

RI public relations and economic diplomacyBy Irawan Abidin JAKARTA (JP): For decades, Indonesian diplomats didn't have an easy time; their country's kind of democracy was always questioned, and its record on human rights was always being doubted or subjected to direct attack.

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Sat, 27 May 2000

JP/Students, youths burn Army vehicles

Students, youths burn Army vehicles JAKARTA (JP): Following their clash with police on Thursday, student protesters, helped by youths and residents, vandalized and set fire to at least five military vehicles on Jl. Salemba, Central Jakarta, on Friday.

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Sat, 27 May 2000

JP/585 kilograms of marijuana destroyed

585 kilograms of marijuana destroyed TANGERANG (JP): Local police destroyed a total of 585 kilograms of marijuana worth Rp 200 million in front of the Balaraja Police subprecinct on Friday.

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Sat, 27 May 2000

JP/Mass media must be color-blind

Mass media must be color-blindBy Michael Kibaara Muchiri YOGYAKARTA (JP): It is a Monday afternoon, and the TVRI state television network is airing Irianese, or Papuan, dances. This is odd as Papuans rarely appear in the Indonesian media, and this showing happens to be on the state airwaves.

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Sat, 27 May 2000

JP/Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on May 26, 2000: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo ...

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Sat, 27 May 2000

JP/Survey shows city choking on car emissions

Survey shows city choking on car emissions JAKARTA (JP): The free vehicular emission testing conducted by the city administration in cooperation with a Swiss agency has shown that realizing the goal of clean air is still a long way off, an agency official revealed on Friday.

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Sat, 27 May 2000

JP/Pelti sending Angie to French Open tennis

Pelti sending Angie to French Open tennis JAKARTA (JP): The Indonesian Tennis Association (Pelti) promised to provide airfare to Angelique Widjaja who will compete in the junior French Open tournament next week.

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Sat, 27 May 2000

JP/Lautan Luas to issue bonds to pay off debts

Lautan Luas to issue bonds to pay off debts JAKARTA (JP): Publicly listed PT Lautan Luas plans to issue Rp 200 billion (about US$23.8 million) in bonds in the domestic debt market by the end of June.

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Sat, 27 May 2000

JP/Maluku churches look to PB NU for help

Maluku churches look to PB NU for help AMBON, Maluku (JP): Catholic and Protestant Churches in Maluku are seeking the aid of Indonesia's largest Muslim organization, Nahdlatul Ulama's (NU), to help extract members of Laskar Jihad Ahlus Sunnah Wal Jamaah (Jihad Force) out of the province.

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Sat, 27 May 2000

JP/Thais grab 12 golds at Bali swimming c'ship

Thais grab 12 golds at Bali swimming c'shipBy Lukman Natanagara DENPASAR (JP): Thailand made a good start on the first day of the 24th Southeast Asia (SEA) Age Group swimming championships here on Friday by capturing 12 golds, seven silvers and eight bronzes.

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Sat, 27 May 2000

JP/Free of charge

Free of charge This is in reference to Connie Teo's letter Kodak clarifies (The Jakarta Post, May 17) which was in response to my letter Not a pretty picture in the Post of May 13.Here are a few comparisons for Kodak.

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Sat, 27 May 2000

JP/Jakarta to hold auto expo

Jakarta to hold auto expo JAKARTA (JP): Amid increasing car sales, an automotive and accessories expo will be held on June 8 through June 11 at the Jakarta Convention Hall.

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Sat, 27 May 2000

JP/LG Insurance Indonesia sells policies on the net

LG Insurance Indonesia sells policies on the net JAKARTA (JP): Insurance company LG Insurance Indonesia announced on Friday a new service to allow its customers to purchase insurance policies and pay the premium over the Internet.

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Sat, 27 May 2000

JP/Medco restructures debts

Medco restructures debts JAKARTA (JP): Medco Group has restructured US$623 million in debts, or 86 percent of the total, the company said in a statement on Friday.

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Sat, 27 May 2000

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

Where to go in Yogyakarta: Friday, May 26, 2000Exhibitions* Installation exhibition by Bunga Jeruk, CCF French Cultural Center, Jl. Sagan 3 (phone: 0274-566520), May 22-June 2, 09.00- 12.00 and 13.00-19.00. * Statues exhibition from the Netherlands, Bentara Budaya, May 26-June 3, 09.00-13.00 and 17.

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Sat, 27 May 2000

JP/Suwondo still at large: Police chief

Suwondo still at large: Police chief BOGOR, West Java (JP): President Abdurrachman Wahid's masseur is now one of the most wanted men in the country, not for his therapeutic skills, but for his alleged involvement in the Rp 35 billion scam at the National Logistics Agency (Bulog) foundation.

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Sat, 27 May 2000

JP/Autonomy gives limited economic power: Official

Autonomy gives limited economic power: Official JAKARTA (JP): The autonomy law gives only limited authority to provincial administrations in managing their economic affairs, a senior provincial official said here on Friday.

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Sat, 27 May 2000

JP/Foreign words for shop titles

Foreign words for shop titles TANGERANG (JP): Despite the existing government ban on the use of foreign words for business titles, dozens of shops and restaurants in Lippo Karawaci commercial center here have been words from the Chinese, Japanese and Korean languages on their shop signs.

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Sat, 27 May 2000

JP/U.S. trade vote boosts China reforms

U.S. trade vote boosts China reformsBy Paul Eckert BEIJING (Reuters): China's reformist, outward looking leadership emerges as a big winner in the historic U.S. vote granting Beijing permanent normal trade relations.

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Sat, 27 May 2000

JP/Hadi, a batik guru from Yogyakarta

Hadi, a batik guru from YogyakartaBy Bambang Tiong YOGYAKARTA (JP): It seems that Hadi Pranoto is too busy for a man 72 years old. The resident of Ngadinegaran area remains loyal to his profession as a batik guru, a profession he started in 1970 by accident.

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Sat, 27 May 2000

JP/Muslims -- forgotten victims of S. Lanka's war

Muslims -- forgotten victims of S. Lanka's warBy John Chalmers PUTTALAM, Sri Lanka (Reuters): One evening in October 1990, Ismath Indon was suddenly faced with a choice between life or death.

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Sat, 27 May 2000

JP/Councillor scoffs at plan by PAM workers to occupy City Council

Councillor scoffs at plan by PAM workers to occupy City Council JAKARTA (JP): City council speaker Edy Waluyo has condemned a plan by members of the city-owned tap water company PD PAM Jaya's Workers Union to occupy the City Council building on June 5 when Governor Sutiyoso is slated to deliver ...

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Sat, 27 May 2000

JP/Service point

Service point As stated in my first letter responding to Daripin Wongso's complaint, MACHINDO, as Kodak's authorized distributor providing after sales support for Kodak digital cameras, will handle any minor repairs in Indonesia.

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Sat, 27 May 2000

JP/Tunas Ridean to split stocks

Tunas Ridean to split stocks JAKARTA (JP): Publicly listed motor vehicle distributor PT Tunas Ridean said on Friday it would cut the nominal value of its shares to Rp 100 from Rp 500 at present.

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Sat, 27 May 2000

JP/TV today

TV todayTVRI 5:30 a.m. Religious Teachings 6:00 News 8:00 Children's Songs 8:30 TV Series: Labyrinth 9:30 Interval 2:00 p.m.

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Sat, 27 May 2000

JP/No dividend from Darya

No dividend from Darya JAKARTA (JP): Publicly listed pharmaceutical company PT Darya- Varia Laboratoria will not pay a dividend for the 1999 book year as most of its profit will be used to strengthen its financial condition, the company's executive said here on Friday.

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Sat, 27 May 2000

JP/Apindo alarmed by violent strikes

Apindo alarmed by violent strikes JAKARTA (JP): The Indonesian Employers Association (Apindo) expressed deep concern on Wednesday over the increasing wave of violent labor strikes, which it said had affected the business climate in the country.Willy H.

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Sat, 27 May 2000

JP/Hizbollah triumph vindicates, challenges Iran

Hizbollah triumph vindicates, challenges IranBy Paul Taylor LONDON (Reuters): The success of Hizbollah guerrillas in hounding Israel out of south Lebanon vindicates Iran's patronage of the Shi'ite Muslim movement but poses new challenges for Tehran's Middle East policy, analysts say.

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Sat, 27 May 2000

JP/Pick of the Flicks (for Saturday, May 27, 2000)

Pick of the Flicks (for Saturday, May 27, 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.

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Sat, 27 May 2000

JP/Council speaker to be questioned

Council speaker to be questioned PURWOKERTO, Central Java: Local police are slated to question on Saturday Banyumas Regency Council Speaker Tri Waluyo for his alleged assault and land swindle, Banyumas Police chief Lt. Col. Imam Basuki said.

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Sat, 27 May 2000

JP/RI wants Howard to meet with Gus Dur in Kupang

RI wants Howard to meet with Gus Dur in Kupang JAKARTA (JP): The Indonesian government is proposing that Australian Prime Minister John Howard meet President Abdurrahman Wahid in Kupang, East Nusa Tenggara, before traveling together for an historic visit to Australia.

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Sat, 27 May 2000

JP/Ancient archive building home to spirits?

Ancient archive building home to spirits?By Ida Indawati Khouw The 240-year-old National Archives Building had been home to a variety of wealthy Dutch families until it became the storehouse for important documents.

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Sat, 27 May 2000

JP/Crowd kills man for motorcycle

Crowd kills man for motorcycle BOGOR (JP): Angry villagers fatally beat a man in West Cilebut village, Sukaraja subdistrict, Bogor, on Thursday evening after he failed to deliver a motorcycle.

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Sat, 27 May 2000

JP/Net forex reserves up

Net forex reserves up JAKARTA (JP); Bank Indonesia said that the country's net foreign exchange reserves increased by US$12.50 million to $18.06 billion in the fourth week of May compared to the previous week.

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Sat, 27 May 2000

JP/Govt backtracks on Soeharto's custody

Govt backtracks on Soeharto's custody JAKARTA (JP): Security reasons, rather than legal arguments, may be the ultimate provocation for moving former president Soeharto to a state-protected location after what seems to be growing apprehension on the part of the government in recent days.

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Sat, 27 May 2000

JP/PSN to resume M2@ project

PSN to resume M2@ project JAKARTA (JP): Satellite-based communications company PT Pasifik Satelit Nusantara (PSN) said on Friday it was ready to restart its Multi-Media Asia (m2@) project, a satellite-based high-speed internet access service, after a delay in 1998 due to the economic crisis.

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Sat, 27 May 2000

JP/Bank NISP to acquire two companies

Bank NISP to acquire two companies JAKARTA (JP): Publicly listed Bank NISP plans to acquire a securities and a finance company this year, besides opening 20 new branches, as part of its expansion program.The Rp 30 billion (US$3.

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Sat, 27 May 2000

JP/Batik takes time and patience

Batik takes time and patienceBy Sri Wahyuni YOGYAKARTA (JP): Batik is more than just a piece of cloth. It is a process involving a lot of time and meticulous effort, crucial in the creation of refined batik, and it is considered one of the world's oldest textile art forms.

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Sat, 27 May 2000

JP/Where to go in Jakarta: Saturday, May 27, 2000

Where to go in Jakarta: Saturday, May 27, 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.

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