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

Wed, 29 Jan 1997

JP/Learning from Tanah Abang

Learning from Tanah Abang The riot which broke out near the Tanah Abang market in Jakarta on Monday is yet another reminder of how easy it is for festering discontent among groups of people living on the fringes of society to erupt into violence.

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Wed, 29 Jan 1997

JP/Mayor determined to clean up Tanah Abang mess

Mayor determined to clean up Tanah Abang mess JAKARTA (JP): Undeterred by Monday's riot at Tanah Abang market, Central Jakarta Mayor Abdul Kahfi warned yesterday that his officers would continue to remove vendors who spilled on to the streets around the huge market complex.

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Wed, 29 Jan 1997

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 28, 1997: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo ...

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Wed, 29 Jan 1997

JP/Spotlight

SpotlightPhoto A: FastJP/byiFAST BREAKING: City Military Commander Maj. Gen. Sutiyoso (right) and wife (left) welcome Army Chief Gen.

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Wed, 29 Jan 1997

JP/Five killed in tribal clashes over woman in Irian Jaya

Five killed in tribal clashes over woman in Irian Jaya JAKARTA (JP): At least five people have been killed and two dozen injured in clashes over a woman between two tribal groups in Tembagapura, Irian Jaya, reports said yesterday.

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Wed, 29 Jan 1997

JP/Indonesia incorporated?

Indonesia incorporated? Malaysia and Singapore are two ASEAN countries which have earned the praise of many foreign observers for having a clear vision about their position in the coming century.

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Wed, 29 Jan 1997

JP/RI, Myanmar firms to build cement plant in Myanmar

RI, Myanmar firms to build cement plant in Myanmar JAKARTA (JP): Indonesian cement producer PT Semen Cibinong and the Union of Myanmar Economic Holdings Ltd. are teaming up to build and operate a US$210 million cement plant in Myanmar.

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Wed, 29 Jan 1997

JP/A double slam

A double slamBy Djanwar Madjolelo JAKARTA (JP): The hand below was reported by Fritz Babsch, the 1970 World Pairs Champion. It occurred a few months ago at a tournament held at Aldrans, Tyrol, Austria.

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Wed, 29 Jan 1997

JP/Legislator warns of election fund abuses

Legislator warns of election fund abuses JAKARTA (JP): A legislator warned the government yesterday not to use general election funds for buying sprees, citing previous evidence of financial abuse.

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Wed, 29 Jan 1997

JP/Bintang's travel ban lawsuit rejected

Bintang's travel ban lawsuit rejected JAKARTA (JP): The Jakarta Administrative Court ruled yesterday that an overseas travel ban imposed on sacked legislator Sri Bintang Pamungkas was legal.

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Wed, 29 Jan 1997

JP/Posco ties up with Korindo to make tinplate

Posco ties up with Korindo to make tinplate JAKARTA (JP): Korea's Pohang Iron & Steel Co. Ltd. (Posco) and domestic firm Korindo group have signed an agreement to form a joint venture, PT Posko Tin Indonesia, to build a tinplate mill in West Java, Korindo announced yesterday.

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Wed, 29 Jan 1997

JP/RI won't change stand at WTO's telecom talks

RI won't change stand at WTO's telecom talks JAKARTA (JP): Indonesia will not change its stand in the final round of the telecommunications negotiating group of the World Trade Organization (WTO), scheduled to be begin in Geneva on Friday, a senior official has said.

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Wed, 29 Jan 1997

JP/The price of arrogance

The price of arrogance The bloody incidents at the end of 1996 and those in previous years which carried overtones of human rights violations fill us with deep concern.

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Wed, 29 Jan 1997

JP/Liverpool's top spot under threat from Man. Utd, Arsenal

Liverpool's top spot under threat from Man. Utd, ArsenalBy Vic Mills LONDON (JP): Having been unceremoniously dumped out of the FA Cup Sunday by Chelsea, Liverpool could be deposed at the top of the English Premiership tonight if either Manchester United beats Wimbledon at Old Trafford or Arsenal ...

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Wed, 29 Jan 1997

JP/10,000 troops for Idul Fitri

10,000 troops for Idul Fitri JAKARTA (JP): City Police Chief Maj. Gen. Hamami Nata inaugurated a special security team yesterday to safeguard the city during the Idul Fitri holidays.

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Wed, 29 Jan 1997

JP/Minister criticizes 'nepotism' in politics

Minister criticizes 'nepotism' in politics JAKARTA (JP): Minister of Defense and Security Edi Sudradjat criticized yesterday the nepotistic tendencies behind the selection of candidates for the general election in May.

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Wed, 29 Jan 1997

JP/Placer Dome sends proposal to President

Placer Dome sends proposal to President JAKARTA (JP): Canadian mining giant Placer Dome Inc. confirmed yesterday it had sent a letter to President Soeharto offering the Indonesian government and future local partners up to 40 percent of the stakes in Busang gold mine in East Kalimantan.

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Wed, 29 Jan 1997

JP/Taman Ria Senayan

Taman Ria Senayan In response to an article published on Jan. 23, 1997 concerning the development of Taman Ria Senayan, we would like to make some clarifications.PT Ariobimo Laguna Perkasa (PT ALP), a subsidiary of PT Ariobimo Perkasa which is solely owned by Syarif C.

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Wed, 29 Jan 1997

JP/Where to go in Jakarta:

Where to go in Jakarta:Music * Hotel Aryaduta, Jl. Prapatan 44-48, Central Jakarta: * Ambiente Italian Restaurant: Los Morenitos Vocal Group, Monday, Thursday, Sunday, 7:15 p.m. to 11 p.m.; Los Paraguas Vocal Group, Tuesday, Wednesday, Friday, Saturday, 7:15 p.m. to 11 p.m.

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Wed, 29 Jan 1997

JP/City Councilors to get 55 percent salary hike

City Councilors to get 55 percent salary hike JAKARTA (JP): The City Council speaker called on councilors to improve their performances in airing the public's aspirations in light of them getting pay rises averaging 55 percent.

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Wed, 29 Jan 1997

JP/Cycling association declines brothers' offer

Cycling association declines brothers' offer JAKARTA (JP): The Indonesian Cycling Association said yesterday it would not need athletes who are unwilling to fight for the 19th SEA Games, to be held here in October, because they would be a bad influence on other athletes.

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Wed, 29 Jan 1997

JP/West slammed over human rights double standards

West slammed over human rights double standards JAKARTA (JP): Minister of Foreign Affairs Ali Alatas lashed out yesterday at the West's "double standards" in relation to its condemnation of human rights cases in Indonesia.

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Wed, 29 Jan 1997

JP/Students testify at senior's trial

Students testify at senior's trial JAKARTA (JP): Two Taruma Negara University students told the West Jakarta District Court Monday they could not recall a fellow student being beaten or kicked during a rigorous training program to join the university's Student Regiment in 1995.

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Wed, 29 Jan 1997

JP/It's not easy to curb gambling: Criminologist

It's not easy to curb gambling: Criminologist JAKARTA (JP): A criminologist says that recent crackdowns on illicit gambling dens would not deter gamblers.

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Wed, 29 Jan 1997

JP/PT Arthayasa secures $232.7 million in loans

PT Arthayasa secures $232.7 million in loans JAKARTA (JP): PT Arthayasa Grahatama, a subsidiary of PT Danayasa Arthatama, secured yesterday US$232.7 million in syndicated loans to finance the development of its new property project.

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Wed, 29 Jan 1997

JP/Traders angered at firefighters' slow response

Traders angered at firefighters' slow response JAKARTA (JP): Traders at the fire-ravaged Pasar Baru shopping center aired their grievances yesterday over the slowness of firefighters putting out Monday's fire, saying it allowed the fire to get even bigger.

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Wed, 29 Jan 1997

JP/Subway project

Subway project I read in the newspapers recently that the Jakarta City Administration will soon build a subway system from Kebayoran in south Jakarta to Kota in the north. At the same time, a private company has agreed to build a triple decker system to service a similar route.

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Wed, 29 Jan 1997

JP/Ministry of Health to get $1.3b

Ministry of Health to get $1.3b JAKARTA (JP): Minister of Health Sujudi sought ideas from the House of Representatives yesterday on his ministry's allocation of Rp 3.1 trillion (US$1.3 billion) for the 1997/1998 fiscal year.

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Wed, 29 Jan 1997

JP/New tax on motor vehicles

New tax on motor vehicles The government has submitted a draft bill on regional taxes and fees to the House of Representatives.An additional tax is being proposed for motor vehicle fuel. The amount is 5 percent of the sale price of fuel (gasoline and diesel).

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Wed, 29 Jan 1997

JP/Vision for the UN

Vision for the UN Kofi Annan, the new secretary-general of the United Nations, came to Washington last week in response to two invitations. One was from President Bill Clinton, who promised to pay up U.S. arrears promptly and in full and suggested that Mr.

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Wed, 29 Jan 1997

JP/Customs and Excise entrusted to check all imported goods

Customs and Excise entrusted to check all imported goods JAKARTA (JP): A new finance minister decree on customs clearance of imports empowers the Directorate General of Customs and Excise to inspect all imported goods at customs or designated temporary storage areas.But decree No. 25/KMK.

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Wed, 29 Jan 1997

JP/Tourism board denies report on financial problems

Tourism board denies report on financial problems JAKARTA (JP): The Tourism Promotion Board (BPPI), a private agency promoting the country's tourist industry, has denied it has financial problems.

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Wed, 29 Jan 1997

JP/Slain journalist's widow refuses examination

Slain journalist's widow refuses examination YOGYAKARTA (JP): Marsiyem, the wife of slain journalist Fuad Muhammad Syafruddin, answered a police summons yesterday but refused to undergo a psychiatric examination to determine whether she could withstand further questioning.

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Wed, 29 Jan 1997

JP/Ramadhan time for Jakarta

Ramadhan time for JakartaWednesdayMaghrib 6:19 p.m.ThursdayImsak 4:24 a.m.Subuh 4:34 a.m.

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Wed, 29 Jan 1997

JP/New legislators unlikely to bring change

New legislators unlikely to bring change Controversy over alleged nepotism in the provisional list of legislature candidates fielding more than 2,000 candidates issued by the General Election Institute on Jan. 20 continues unabated. Political scientist Arbi Sanit reflects on the issue.

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Wed, 29 Jan 1997

JP/KIPP to continue monitoring election stages

KIPP to continue monitoring election stages JAKARTA (JP): The Independent Election Monitoring Committee (KIPP), which shot to prominence shortly after its birth last year and has since been long silent, says it has found violations in some of the preparatory stages of the May general election.

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Wed, 29 Jan 1997

JP/Emergence of African professional armies

Emergence of African professional armiesBy Gwynne Dyer LONDON (JP): It's three months since rebels seeking to overthrow the 31-year rule of President Mobutu Sese Seko seized the whole eastern border of Zaire.

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Wed, 29 Jan 1997

JP/Megawati faces fresh police questioning

Megawati faces fresh police questioning JAKARTA (JP): Ousted leader of the Indonesian Democratic Party (PDI) Megawati Soekarnoputri is facing a fresh round of police questioning for holding a "political meeting" without an official permit at her residence on Jan. 10.

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Wed, 29 Jan 1997

JP/Incentives for teachers

Incentives for teachers PALANGKA RAYA, Central Kalimantan: For the 1997/1998 fiscal year, the Central Kalimantan administration is providing funds totaling Rp 750 million (US$312,500) as incentives for teachers serving in the province's remote areas.

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Wed, 29 Jan 1997

JP/Productivity to low: Minister

Productivity to low: Minister JAKARTA (JP): Minister of Industry and Trade Tunky Ariwibowo blamed yesterday the non-oil and gas export slowdown in recent years on the low productivity of Indonesian workers, which had not risen to match the rapid rise in government-mandated minimum wages.

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Wed, 29 Jan 1997

JP/Fire hits gold mining office

Fire hits gold mining office SAMARINDA, East Kalimantan: Police are still investigating the cause of the fire that destroyed the office of a mining factory in Busang, Kutai, PT Westralian Atan Mineral, on Jan. 23.East Kalimantan police chief Brig. Gen.

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Wed, 29 Jan 1997

JP/State-owned hotels ready for privatization

State-owned hotels ready for privatization JAKARTA (JP): Seven hotels owned and managed by the state- owned hotel operator PT Hotel Indonesia International Corporation and Natour are ready to be refurbished and extended with the help of private investors.

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Wed, 29 Jan 1997

JP/'No major upheavals before election'

'No major upheavals before election' JAKARTA (JP): Minister of Defense and Security Edi Sudradjat acknowledged the public's growing codeern over democratization and the national leadership succession, but predicted no major upheavals in the next four months would disturb preparations for May's ...

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Wed, 29 Jan 1997

JP/Sierad opens new outlet

Sierad opens new outlet JAKARTA (JP): PT Sierad Produce, the subsidiary of the publicly-listed PT Anwar Sierad, had expanded its fast food business to Shanghai, China, by opening a 480-seat restaurant, the company announced.

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Wed, 29 Jan 1997

JP/Prosecutor calls for Robot's trial

Prosecutor calls for Robot's trial JAKARTA (JP): A state prosecutor urged the Central Jakarta District Court yesterday to continue to try Robot, the man accused of sexually assaulting and murdering 6 young boys.

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Wed, 29 Jan 1997

JP/TV today

TV todayTVRI 2:30 p.m. Travel: My Country 2:35 TV Series: Fun House 3:05 Teenagers' Program: Gita Wicara 3:30 TV Series: Just The Ten of Us 4:00 News: Lintasan Berita 4:05 TV Drama: Diantara Kita 4:30 Documentary Film 4:55 Filler and Trailer 5:00 Evening News 5:25 Travel: My ...

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Wed, 29 Jan 1997

JP/Hotel Gran Aquila

Hotel Gran Aquila I refer to your article dated Jan. 18, 1997 titled Hyatt expands to Bandung, in which Hotel Gran Aquila was classified as a four star hotel. This information is incorrect.The Hotel Gran Aquila due for a soft opening at the end of this month is classified as a five star hotel.

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Wed, 29 Jan 1997

JP/RI expects victory at Far East bridge event

RI expects victory at Far East bridge event JAKARTA (JP): The Indonesian Contract Bridge Association expects its players to win the Far East Bridge Championship in Hong Kong in May, which is a qualifying round for this year's Bermuda Bowl.

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Wed, 29 Jan 1997

JP/Rain storms hit Bali

Rain storms hit Bali DENPASAR: An eight hour rainstorm swept through Bali's western district of Jembrana on Monday, severely damaging scores of houses and uprooting countless trees.

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Wed, 29 Jan 1997

JP/Dili rioters go on trial

Dili rioters go on trial DILI, East Timor: The police have submitted dossiers on 16 people accused of inciting the Dec. 24 riot in which a member of the Armed Forces was killed.East Timor police chief Col. Yusuf Muharam said yesterday the authorities had not yet apprehended another five suspects.

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Wed, 29 Jan 1997

JP/Surveyor's future hangs in the balance

Surveyor's future hangs in the balance JAKARTA (JP): The government has not yet decided what state- owned PT Surveyor Indonesia will do after its contract to inspect imports at points of loading ends in March, Minister of Industry and Trade Tunky Ariwibowo said yesterday.

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Wed, 29 Jan 1997

JP/Cahaya sees rising profits

Cahaya sees rising profits JAKARTA (JP): Publicly listed Cahaya Kalbar, the country's largest producer of specialty fats, booked a Rp 17 billion (US$7.33 million) net profit last year and expects to see this rise more than 44 percent to Rp 24.5 billion this year.

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Wed, 29 Jan 1997

JP/Yogya sultan urges dialog

Yogya sultan urges dialog YOGYAKARTA: Sultan Hamengkubuwono X suggested yesterday that officials open their door to students wishing to discuss various issues of public concern.

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Wed, 29 Jan 1997

JP/Five nightspots closed down

Five nightspots closed down JAKARTA (JP): The city public order office has temporarily closed four nightspots and an amusement center, and warned four others for violating Ramadhan opening hours.

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