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

Thu, 28 Jan 1999

JP/TV today

TV todayTVRI 5:30 a.m. Religious Teachings: Hikmah Pagi 6:00 Morning News 7:00 Children's Program: Lagu Anak Nusantara 7:30 TV Series 8:00 Music: Dendang Pagi 9:00 Music: Hiburan Keluarga 10:00 Interval 2:00 p.m.

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Thu, 28 Jan 1999

JP/Drugs suspects flee police detention

Drugs suspects flee police detention JAKARTA (JP): Police are still suffering a headache in tracking down the whereabouts of one of the two suspected drug traffickers, who early Sunday managed to escape from detention at the National Police Headquarters in South Jakarta.

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Thu, 28 Jan 1999

JP/Tirtamas to settle debt

Tirtamas to settle debt JAKARTA (JP): The widely-diversified Tirtamas Group has agreed to provide a Rp 1.6 trillion guarantee as a requirement for the recapitalization of its affiliate Bank Papan Sejahtera.

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Thu, 28 Jan 1999

JP/Indonesia may release grip on East Timor

Indonesia may release grip on East Timor JAKARTA (JP): Indonesia may let East Timor go if the government's proposal to grant special autonomy for the territory is rejected by the East Timorese and the international community, Minister of Foreign Affairs Ali Alatas said on Wednesday.

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Thu, 28 Jan 1999

JP/Traumatized residents leave troubled area

Traumatized residents leave troubled area JAKARTA (JP): Thousands of traumatized residents continued to leave parts of Ambon and East Timor on Wednesday in the aftermath of violent clashes in the two areas.

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Thu, 28 Jan 1999

JP/Habibie approves Freeport's controversial expansion plan

Habibie approves Freeport's controversial expansion plan JAKARTA (JP): Mining company PT Freeport Indonesia has secured President B.J.

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Thu, 28 Jan 1999

JP/Govt still undecided over state banks' merger plan

Govt still undecided over state banks' merger plan JAKARTA (JP): The government cannot put a firm date on when the operational merger of four troubled state banks will be completed, a senior official said on Wednesday.

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Thu, 28 Jan 1999

JP/Tommy questioned over land scam

Tommy questioned over land scam JAKARTA (JP): Former president Soeharto's youngest son Hutomo Mandala Putra was grilled for more than 12 hours at the Attorney General's Office on Wednesday.Tommy, as the businessman is popularly known, has been named as a suspect in an Rp 52.

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Thu, 28 Jan 1999

JP/Pick of the Flicks

Pick of the FlicksHollywood KC There's Something About Mary 14:15 16:55 19:05 21:15 Practical Magic 14:55 17:35 19:45 21:55 Strike 14:15 16:55 19:05 21:15 Antz 14:55 17:35 19:45 21:55 Rush Hour ...

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Thu, 28 Jan 1999

JP/Garuda Indonesia flight GA-405 hit by bomb hoax

Garuda Indonesia flight GA-405 hit by bomb hoax JAKARTA (JP): A plane serving national flag carrier Garuda Indonesia's domestic route from Bali to Jakarta on Wednesday received a bomb threat which turned out to be a hoax, a Garuda official said.

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Thu, 28 Jan 1999

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 27, 1999: -------------------------------------------------------- Shares Close Change Trading Volume ...

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Thu, 28 Jan 1999

JP/Pertamina begins probe into Caltex dealings

Pertamina begins probe into Caltex dealings JAKARTA (JP): State oil and gas company Pertamina's inspectorate has started investigating a questionable deal made by oil company PT Caltex Pacific Indonesia for the development of its US$190 million cogeneration plant in the province of Riau.

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Thu, 28 Jan 1999

JP/Bill grants political civil servants favorable treatment

Bill grants political civil servants favorable treatment JAKARTA (JP): The newly-issued Government Regulation No.

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Thu, 28 Jan 1999

JP/Protest staged at DPR building

Protest staged at DPR building JAKARTA (JP): About 100 students braved heavy rain on Wednesday to protest outside the House of Representatives building as the discussion on political bills by the legislative body was reaching its end.

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Thu, 28 Jan 1999

JP/How to properly manage globalization

How to properly manage globalizationBy Helmut Maier-Mannhart MUNICH (DPA): The annual G-7 summit of the world's most influential industrial nations, sometimes dubbed the G-8 when recent addition Russia is involved, has always proved to be something of a spectacular. At least in logistical terms.

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Thu, 28 Jan 1999

JP/Donggala cacao farmers savor robust business amid crisis

Donggala cacao farmers savor robust business amid crisisBy Iriandi Ibrahim DONGGALA, Palu (JP): The economic crisis has gripped the country for more than a year and a half. People are crying and praying, hoping that it will end soon.

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Thu, 28 Jan 1999

JP/Executive dies in West Jakarta fire

Executive dies in West Jakarta fire JAKARTA (JP): An executive of a fire protection devices supplier firm was killed in a blaze that gutted his office at the three-story Grogol Permai shophouse complex on Jl. Latumeten in Grogol Petamburan, West Jakarta, on Thursday evening.

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Thu, 28 Jan 1999

JP/Police question retired general over speech

Police question retired general over speech JAKARTA (JP): Maj. Gen. (ret.) Theo Syafei, former chief of the Udayana Regional Military Command, was summoned by the city police on Wednesday for questioning concerning reports that he was responsible for spreading anti-Muslim information ...

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Thu, 28 Jan 1999

JP/What awaits the erratic rupuah?

What awaits the erratic rupuah?By Seamus McElroy JAKARTA (JP): After hitting Rp 16,000 to the U.S. dollar in mid-June in the aftermath of the May riots, the rupiah staged a gradual comeback to hit Rp 7,000 in early November.

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Thu, 28 Jan 1999

JP/Riot masterminds 'may know sociology'

Riot masterminds 'may know sociology' JAKARTA (JP): There is a possibility that those responsible for instigating the riots have a certain degree of knowledge of sociology, and used this to stir up chaos, Minister of Justice Muladi said Wednesday.

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Thu, 28 Jan 1999

JP/Whales come to Kendari

Whales come to Kendari KENDARI, Southeast Sulawesi: Residents of the Moramo district have been entertained for the past month by the antics of two whales who ventured into the nearby Staring Bay.

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Thu, 28 Jan 1999

JP/Flooding forecast for 128 subdistricts

Flooding forecast for 128 subdistricts JAKARTA (JP): This rainy season's floods will likely affect an area twice the size of that in 1996, the worst year in recorded history, an official said Wednesday.

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Thu, 28 Jan 1999

JP/'Military will be gone from DPR by 2004'

'Military will be gone from DPR by 2004' JAKARTA (JP): Minister of Home Affairs Syarwan Hamid has expressed confidence that there will be no Armed Forces (ABRI) appointees sitting in the House of Representatives (DPR) by 2004.

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Thu, 28 Jan 1999

JP/U.S., UK should reverse their policies on Iraq

U.S., UK should reverse their policies on IraqBy Ian Black LONDON: Dennis Halliday talks with the pent-up passion of a disciplined civil servant long used to keeping his private thoughts to himself but now free to speak his mind.

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Thu, 28 Jan 1999

JP/Foreign travelers told to avoid Indonesia

Foreign travelers told to avoid Indonesia JAKARTA (JP): Foreign travelers have been advised to stay away from Indonesia, as riots continue to sweep even the normally calm areas across the country, triggering concerns for the already troubled tourism industry.

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Thu, 28 Jan 1999

JP/Verdict on major expected Friday

Verdict on major expected Friday BANDA ACEH: The verdict on a major involved in the assault and battery of detainees in Lhokseumawe, Aceh, is expected on Friday.

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Thu, 28 Jan 1999

JP/ABRI gets seats in the House

ABRI gets seats in the House JAKARTA (JP): New legislation for the June general election was finally agreed to on Wednesday and will be enacted at the plenary session of the House of Representatives (DPR) on Thursday.

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Thu, 28 Jan 1999

JP/Idleness a virtue too in today's age of hard work

Idleness a virtue too in today's age of hard workBy Colin Tudge LONDON: Ours has been an era of hard work -- busy, busy, busy. With toil comes success -- vide the 18-hour days of Margaret Thatcher -- and virtue too, for "The devil finds work for idle hands".

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Thu, 28 Jan 1999

JP/Is the United States economy living off debt?

Is the United States economy living off debt?By Bharat Jhunjhunwala NEW DELHI (JP): Why do the U.S. stock markets continue to rise to dizzying heights despite a global slowdown? The reason, it appears, is that investors across the globe are looking for a safe haven and find the U.S.

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Thu, 28 Jan 1999

JP/Satan at work

Satan at work Conflicts in Ambon and elsewhere are not a religious conflict, but a satanic one. Only Satan wants to destroy the mosques, churches and temples where the name of God is remembered.Desperately needed is, in fact, a religious solution.

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Thu, 28 Jan 1999

JP/Extortionists beaten to death

Extortionists beaten to death JAKARTA (JP): Two alleged criminals were mobbed and beaten to death after being caught red-handed extorting money from a minibus passenger on Jl. Daan Mogot, West Jakarta on early Tuesday.

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Thu, 28 Jan 1999

JP/Life is a challenge, meet it!

Life is a challenge, meet it! Before the monetary crisis, I usually drove my own (old) car to the office. I rarely used public transportation back then, but now I have to take a bus. Why?First, it costs less -- Rp 5,600 per day, to and from the office.

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Thu, 28 Jan 1999

JP/Rupiah weakens as stocks rise 3 percent

Rupiah weakens as stocks rise 3 percent JAKARTA (JP): The country's financial market ended on a different note on Wednesday with the rupiah weakening nearly 1 percent against the U.S. dollar but local stocks prices rising 3 percent.

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Thu, 28 Jan 1999

JP/Indocement expected to strike accord with foreign firms soon

Indocement expected to strike accord with foreign firms soon JAKARTA (JP): Publicly listed cement maker PT Indocement Tunggal Prakarsa is expected to strike an accord with two foreign partners -- French firm La Farge and Germany's Heidelberger Zement -- in February to set up a strategic ...

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Thu, 28 Jan 1999

JP/Plywood producers expect export increase

Plywood producers expect export increase JAKARTA (JP): The Association of Indonesian Wood Panel Producers (Apkindo) predicted on Wednesday that exports of plywood would start picking up again in the second quarter of this year after a drastic slump last year.

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Thu, 28 Jan 1999

JP/Conversion Rates

Conversion Rates Bank Bali's conversion rates on Jan. 27, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

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Thu, 28 Jan 1999

JP/Prolonged drought brings another crisis to Thailand

Prolonged drought brings another crisis to ThailandBy Sutin Wannabovorn PRATHUM THANI, Thailand (Reuters): Thailand has reached the threshold of economic recovery only to find itself on the brink of another calamity -- drought.

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Thu, 28 Jan 1999

JP/Merger mania comes to company near you

Merger mania comes to company near youBy Lisa Buckingham and Roger Cowe LONDON: Whether it will be next week or next month, the world is about to see its first US$100 billion corporate takeover. But even the $100 billion deal is unlikely to hold the record for long.

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Thu, 28 Jan 1999

JP/Tangerang youths want part in militia

Tangerang youths want part in militia TANGERANG (JP): Interest in high in joining the People's Security (Kamra) militia at the local military district command.Dozens of youths are registering daily, commander Lt. Col. Meria Wiryadi said on Tuesday.

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Thu, 28 Jan 1999

JP/Some questions remain

Some questions remain When President B. J. Habibie signed a regulation clarifying the political status of civil servants on Tuesday, the government appeared satisfied that the drawn out controversy over the matter was at an end. However, many questions remain.

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Thu, 28 Jan 1999

JP/Where to go in Bali for Thursday, Jan. 28, 1999

Where to go in Bali for Thursday, Jan. 28, 1999Exhibitions * Painting Exhibition: by Yanuar Ernawati at The Chedi Gallery, Desa Melinggih Kelod, Payangan Gianyar, Ubud (Phone: 0361 975963), 10 a.m. to 6 p.m., until Feb. 26. * Woodcarving Exhibition: The Legacy, at Museum Puri Lukisan, Jl.

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Thu, 28 Jan 1999

JP/Recent dialog may ease tension: Wiranto

Recent dialog may ease tension: Wiranto JAKARTA (JP): Armed Forces (ABRI) Commander General Wiranto has expressed hope his recent meeting with opposition and reform leaders, including Amien Rais and Abdurrahman Wahid, will help ease tensions in the country and prevent new ones from developing.

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Thu, 28 Jan 1999

JP/Currency fluctuations risky for small firms

Currency fluctuations risky for small firmsBy Michael White LOS ANGELES (AP): As world financial upheavals inspire seesaw fluctuations in the dollar's value, small and medium-sized companies are hedging their bets against the sudden changes that can turn a profit column into a well of red ink.

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Thu, 28 Jan 1999

JP/Team begins food security inspection

Team begins food security inspection JAKARTA (JP): A fact-finding mission of non-government organizations of seven Southeast Asian countries has started work on the food security condition in six provinces here.

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Thu, 28 Jan 1999

JP/Govt slaps duty on steel

Govt slaps duty on steel JAKARTA (JP): The government has slapped anti-dumping duties of up to 62 percent on I-shaped and H-shaped steel pieces from Russia and Poland, according to a decree of the finance minister.The decree, issued by Finance Minister Bambang Subianto on Jan.

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Thu, 28 Jan 1999

JP/A problem of communication

A problem of communication The phrase "Ciganjur Group" is used to circumvent the use of the word opposition, which is still abhorred in our political and official vernacular. This group -- which in the context of Sunday's meeting with (Armed Forces Commander Gen.

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Thu, 28 Jan 1999

JP/Two Indonesians beheaded in Saudi Arabia

Two Indonesians beheaded in Saudi Arabia RIYADH (AFP): Two Indonesians convicted of murder were beheaded in the Mecca region of Saudi Arabia on Wednesday, in the first execution reported so far this year in the Gulf kingdom, the interior ministry announced.

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Thu, 28 Jan 1999

JP/Where to go in Surabaya, for Thursday, Jan. 28, 1999

Where to go in Surabaya, for Thursday, Jan. 28, 1999Music and Entertainment * Hyatt Regency Surabaya, Jl. Jend. Basuki Rakhmat 106-128 (Phone: 031 5311234): - The Tavern Pub: Phenomenon Band, Monday to Friday, 9 p.m. to 1 a.m., Saturday, 9 p.m. to 2 a.m.

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Thu, 28 Jan 1999

JP/Renny Djajoesman returns to theater in 'Tumirah, The Pimp'

Renny Djajoesman returns to theater in 'Tumirah, The Pimp'By Helly Minarti JAKARTA (JP): Theater people have found inspiration in the country's turbulent times during the past 20 months.

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