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

Thu, 29 Jan 1998

JP/Conversion Rates

Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) conversion rates on Jan. 28, 1998: Buying Selling Rp Rp U.S. dollar 1 9,900.00 12,900.00Austrian shilling 1 758.

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Thu, 29 Jan 1998

JP/City likely to allocate Rp 17b for labor program

City likely to allocate Rp 17b for labor program JAKARTA (JP): The municipality hopes to set aside Rp 17 billion (US$1.7 million) in the 1998/1999 city budget to finance a labor-intensive program, an official said yesterday.

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Thu, 29 Jan 1998

JP/Voting sought in the election of national leaders

Voting sought in the election of national leaders JAKARTA (JP): A fresh call was lodged yesterday for the People's Consultative Assembly (MPR) to introduce voting in the presidential and vice presidential elections.

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Thu, 29 Jan 1998

JP/Campaign to raise awareness of child labor

Campaign to raise awareness of child labor JAKARTA (JP): An internationally sponsored campaign against child labor in Indonesia and around the world will be initiated next month to raise awareness of the protection of children's rights.

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Thu, 29 Jan 1998

JP/30 shuttlers tested for Thomas, Uber Cups

30 shuttlers tested for Thomas, Uber Cups JAKARTA (JP): Thirty national shuttlers have undergone two days of physical tests at the Senayan Madya stadium in preparation for the Thomas and Uber Cup championships in Hong Kong in May.

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Thu, 29 Jan 1998

JP/Facts and foretelling: Unemployment and the reform package

Facts and foretelling: Unemployment and the reform packageBy Omar Halim This is the second of two articles examining Indonesia's economy in the light of the signing of a reinforced economic reform agreement mid this month by President Soeharto and International Monetary Fund Managing Director ...

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Thu, 29 Jan 1998

JP/70 hectares of forest burned

70 hectares of forest burned BALIKPAPAN, East Kalimantan: The recent outbreak of brush and forest fires in the Bukit Soeharto forest reserve has ravaged 70 hectares of land, deputy governor Suwarna Abdul Fatah said here yesterday.

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Thu, 29 Jan 1998

JP/Soeharto to attend 'Takbiran' prayer

Soeharto to attend 'Takbiran' prayer JAKARTA (JP): President Soeharto and Vice President Try Sutrisno are scheduled to attend the Takbiran prayer on the eve of Idul Fitri at the National Monument (Monas) in Central Jakarta tonight.

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Thu, 29 Jan 1998

JP/Police captain jailed for bribery

Police captain jailed for bribery JAKARTA (JP): A Yogyakarta military tribunal sentenced Capt. Suko Haryanto yesterday to 28 months in jail and discharged him from the police force after he was found guilty of taking bribes, Antara reported.

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Thu, 29 Jan 1998

JP/Loan convertion 'a solution' to corporate debt

Loan convertion 'a solution' to corporate debt JAKARTA (JP): Converting the loans given by overseas creditors to Indonesian companies into equity might be a good solution in dealing with the private sector's mounting foreign debt, a senior analyst says.

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Thu, 29 Jan 1998

JP/6,000 sarongs for becak drivers

6,000 sarongs for becak drivers UJUNGPANDANG, South Sulawesi: The mayoralty office donated 6,000 sarongs as Idul Fitri gifts to becak, or pedicab, drivers from 11 subdistricts here yesterday.

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Thu, 29 Jan 1998

JP/Businessman sues minister for Rp 23b

Businessman sues minister for Rp 23b JAKARTA (JP): A businessman is suing Minister of Mines and Energy I.B. Sudjana and his staff for Rp 23.5 billion in damages after the cancellation of a contract for an office tower project.

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Thu, 29 Jan 1998

JP/Idul Fitri falls tomorrow: Govt

Idul Fitri falls tomorrow: Govt JAKARTA (JP): The government announced last night that Idul Fitri will fall tomorrow, but said Moslems who intend to mark the end of the Ramadhan fasting month today will be respected.

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Thu, 29 Jan 1998

JP/Beware bankers opening banks

Beware bankers opening banks Let's keep this in the right perspective. We have a crisis in the construction sector, which affected the banking system, which in turn affects everything else.And we know bankers.

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Thu, 29 Jan 1998

JP/TV programs

TV programsTodayTVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 Children's Film: Kid Pix Ninja The Wonder Boy 3:10 Science Film: Animal Odyssey 3:35 Religious Teachings: Islam 4:00 Regional News 4:30 Song and Dance: Pelangi Budaya 5:00 Arabic Lessons 5:30 Religious Program: ...

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Thu, 29 Jan 1998

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Jan.28, 1998: Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 600 ...

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Thu, 29 Jan 1998

JP/IMF confident reform to succeed

IMF confident reform to succeed JAKARTA (JP): An International Monetary Fund (IMF) senior official said here yesterday he believed the new banking reforms would help restore confidence in the country's battered economy.IMF Asia-Pacific deputy director Bijan B.

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Thu, 29 Jan 1998

JP/CDC to raise stake in Tamara

CDC to raise stake in Tamara JAKARTA (JP): Publicly listed Tamara Bank announced yesterday that its Taiwanese shareholder China Development Corp (CDC) has agreed to increase its stake in the bank up to the maximum allowed percentage.

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Thu, 29 Jan 1998

JP/Garuda suspends Idul Fitri flights

Garuda suspends Idul Fitri flights YOGYAKARTA : Garuda Indonesia airways had to suspend four extra pre-Idul Fitri flights scheduled for its Jakarta-Yogyakarta route due to lack of passengers, a spokesman said.

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Thu, 29 Jan 1998

JP/Japanese man stabbed to death, taxi driver sought

Japanese man stabbed to death, taxi driver sought JAKARTA (JP): A Japanese man was stabbed to death and his compatriot wounded when the taxi they were in was robbed in the Cinangka subdistrict of Sawangan in West Java early yesterday.City police spokesman Lt. Col. E.

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Thu, 29 Jan 1998

JP/Provinces brace for different Idul Fitri dates

Provinces brace for different Idul Fitri dates JAKARTA (JP): Provincial authorities across the country are bracing for two different Idul Fitri holidays with a call for Moslems to maintain order and harmony.

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Thu, 29 Jan 1998

JP/Where to go in Bali:

Where to go in Bali:Music and entertainment * Ramada Bintang Bali, Kuta: - La Brasserie Cafe Restaurant: Crosstil Quatro, daily. - Alun-alun Lounge: The Heart Beat Band, nightly except on Thursday, 8:30 p.m. to 12:30 a.m. - Poolside Open Theater: Tek-Tekan Dance, Saturday.

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Thu, 29 Jan 1998

JP/Cannabis field found in Sulawesi

Cannabis field found in Sulawesi UJUNGPANDANG, South Sulawesi: Pinrang police found a one- hectare cannabis field in Kalempang, Massiwale, and have arrested two men suspected of owning the field, South Sulawesi police chief Brig. Gen. Ali Hanafiah said here yesterday.

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Thu, 29 Jan 1998

JP/Cathay eases confusion

Cathay eases confusion JAKARTA (JP): Cathay Pacific Airways announced yesterday its plan to clarify exchange rates when people buy airline tickets due to the instability of the exchange rates.The company said that in order to meet passengers' expectations, starting Feb.

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Thu, 29 Jan 1998

JP/Special area for isolated tribes

Special area for isolated tribes JAMBI: The Ministry of Forestry has pledged to provide a special area for isolated tribes in the province, particularly the famous Anak Dalam tribe, an official of the ministry said yesterday.

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Thu, 29 Jan 1998

JP/Six students jailed for murder

Six students jailed for murder JAKARTA (JP): The Central Jakarta District Court sentenced six junior high school students to between one and a half years and two and a half years in jail yesterday for killing a senior high school student in a brawl.

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Thu, 29 Jan 1998

JP/How will Cambodia fare in 1998?

How will Cambodia fare in 1998? International rebuke of Hun Sen's 1997 violent ouster of his co-premier is fading. Will he lead Cambodia into a period of peace and stability? Satya Sivaraman of Inter Press Service reports.

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Thu, 29 Jan 1998

JP/Reforms to restore confidence in banking

Reforms to restore confidence in banking The government announced comprehensive programs to restore public confidence in the banking system on Tuesday. Banking consultant Laksamana Sukardi discusses their significance.

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Thu, 29 Jan 1998

JP/Nickel shipped to Pomalaa

Nickel shipped to Pomalaa JAKARTA (JP): Publicly listed mining company PT Aneka Tambang (Antam) had made the first shipment of nickel ore from Gee Island to its ferronickel plant in Pomalaa, Maluku, the company said yesterday.

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Thu, 29 Jan 1998

JP/Australians to help NTT farmers

Australians to help NTT farmers KUPANG, East Nusa Tenggara: Australian businesspeople will train farmers here to process fodder and breed cattle.

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Thu, 29 Jan 1998

JP/Where to attend Idul Fitri prayers in the city tomorow

Where to attend Idul Fitri prayers in the city tomorow JAKARTA (JP): As usual, Idul Fitri prayers -- to be held at about 7 a.m. at the end of Ramadan fasting month -- will be held in large mosques, open fields and parking lots in and around the city.

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Thu, 29 Jan 1998

JP/Fewer workers seen to try luck in Jakarta

Fewer workers seen to try luck in Jakarta JAKARTA (JP): With ongoing layoffs and the prices of goods skyrocketing due to the economic crisis, many people, particularly blue-collar workers, will refuse to return to the capital after Idul Fitri, a noted sociologist said yesterday.

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Thu, 29 Jan 1998

JP/Pop singers, poets sing for good cause

Pop singers, poets sing for good causeBy Helly Minarti JAKARTA (JP): The lineup for Charity Night Two last Sunday was a colorful, some would say bizarre, mix of generations and music genres.

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Thu, 29 Jan 1998

JP/Rupiah, stocks gain footing in thin trade

Rupiah, stocks gain footing in thin trade JAKARTA (JP): The rupiah and share prices continued to gain a footing in thin trade as currency operators and stock investors benefited from the upbeat momentum resulting from the government's new economic measures.

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Thu, 29 Jan 1998

JP/Soeharto warns societal issues could spark unrest

Soeharto warns societal issues could spark unrest JAKARTA (JP): President Soeharto warned the nation yesterday that religious, ethnic and societal issues were volatile subjects that could easily spark social unrest in times of severe economic crisis.

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Thu, 29 Jan 1998

JP/Strange atmosphere hovers over every corner of Indonesia

Strange atmosphere hovers over every corner of IndonesiaBy Y.B. Mangunwijaya JAKARTA (JP): Everybody knows who the culprits are in the economic calamities and the free fall of the rupiah.

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Thu, 29 Jan 1998

JP/Cinese New Year passes quietly

Cinese New Year passes quietly JAKARTA (JP): Following Governor Sutiyoso's appeal, families of Chinese descent in the city celebrated their New Year quietly yesterday.

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Thu, 29 Jan 1998

JP/Unclear happenings

Unclear happenings Thinking about the present crisis is a kind of mental pushup. It might hurt the brain (if it has not already hurt the heart), as one has to use certain obscure cerebral muscles that may not have had much use in the recent past.

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Thu, 29 Jan 1998

JP/Private banks start seeking govt guarantee

Private banks start seeking govt guarantee JAKARTA (JP): Dozens of private domestic banks started seeking Bank Indonesia's guarantee on their liabilities to lure back depositors yesterday.

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Thu, 29 Jan 1998

JP/10 killed, 21 injured in bus collision

10 killed, 21 injured in bus collision WONOGIRI, Central Java: Ten people were killed and 21 others injured when a minivan and a minibus collided here in Bulusulur village Tuesday afternoon, police said.

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Thu, 29 Jan 1998

JP/Price of fresh milk up

Price of fresh milk up JAKARTA (JP): The Union of Indonesian Dairy Cooperatives (GKSI) and local milk-processing industries have agreed to raise the price of local fresh milk from cooperatives to processing industries by 21 percent to Rp 850 per liter from Rp 702 per liter starting Feb. 1.

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Thu, 29 Jan 1998

JP/SilkAir clarifies

SilkAir clarifies We would like to refer to The Jakarta Post's publication of an article titled "Inspection on Boeing 737s" on the page 11 of the paper's Jan. 9 edition.

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Thu, 29 Jan 1998

JP/Kupang wants five-day week

Kupang wants five-day week JAKARTA (JP): Kupang regency chief Paul Lawa Rihi has come up with a novel idea to make up for the government's decision to freeze the pay of his employees: work fewer hours.

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Thu, 29 Jan 1998

JP/Military remains on alert for riots in C. Java towns

Military remains on alert for riots in C. Java towns JAKARTA (JP): Soldiers and police remained on alert yesterday in anticipation of a possible spread of unrest in Central Java's Rembang regency, following two minor disturbances in the regency's coastal towns of Kragan and Sarang earlier this ...

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Thu, 29 Jan 1998

JP/Plywood cartel goes

Plywood cartel goes The plywood cartel will end on Monday provided politically well connected businesspeople cannot have their way and revive it in another form.

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Thu, 29 Jan 1998

JP/The pope has it right

The pope has it right Those who oppose America's obsolete trade embargo on Cuba found an eloquent ally in Pope John Paul II as he visited the island in recent days.

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Thu, 29 Jan 1998

JP/'Putaw' dealer gets eight years in jail

'Putaw' dealer gets eight years in jail JAKARTA (JP): The Central Jakarta District Court sentenced a 24-year-old man yesterday to eight years in jail for selling 4.85 grams of low-grade heroin, putaw.

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Thu, 29 Jan 1998

JP/Telkom compensation for projects likely

Telkom compensation for projects likely CIREBON, West Java (JP): PT Telkom president Asman Akhir Nasution said here yesterday his company would consider compensating the price escalation resulting from the currency crisis to contractors of ongoing projects.

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Thu, 29 Jan 1998

JP/'Sri' movie may signal coming of artistic wave

'Sri' movie may signal coming of artistic waveBy Rayya Makarim JAKARTA (JP): Amid Hollywood blockbusters, trendy sinetron teleserials and the far from resolved monetary crisis, this year is surprising us with yet another awakening of the Indonesian film industry.

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Thu, 29 Jan 1998

JP/Foreigners still reluctant to enter property sector

Foreigners still reluctant to enter property sector JAKARTA (JP): Despite the already bargain level in Indonesia's property sector, overseas investors remained hesitant to enter into the sector, analysts said yesterday.

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Thu, 29 Jan 1998

JP/RI team named for Tour de Langkawi

RI team named for Tour de Langkawi JAKARTA (JP): The West Java chapter of the Indonesian Cycling Association has announced the six cyclists who will represent the country in the Tour de Langkawi in Malaysia next month.

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Thu, 29 Jan 1998

JP/Retailers may survive for another six months

Retailers may survive for another six months JAKARTA (JP): The country's large retailers would manage to survive the economic crisis for another six months, but many would go bankrupt if the situation kept worsening, Association of Indonesian Retailers (Aprindo) executive director ...

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Thu, 29 Jan 1998

JP/An adulterous father

An adulterous father All eyes, not only of the American nation but of the world, are focused on the state of the U.S. president's past unions. If he is to lead a whole people, a leader must be moral himself. An adulterous father cannot preach chastity to his children.

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