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

Fri, 03 Oct 1997

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 2, 1997: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 1,025 -50 ...

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Fri, 03 Oct 1997

JP/Investment realization this year down: Minister

Investment realization this year down: Minister JAKARTA (JP): The realization of investment approvals in the country will be lower than the initial target due to the currency crisis, State Minister of Investment Sanyoto Sastrowardoyo said yesterday.

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Fri, 03 Oct 1997

JP/Senayan sports complex doubles as shopping mall

Senayan sports complex doubles as shopping mallBy Carl Chairul JAKARTA (JP): When the late Indonesian president Sukarno instructed his aides to build Gelora Senayan for the fourth Asian Games 40 years ago, all he had in mind was the largest sports complex in Asia.

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Fri, 03 Oct 1997

JP/Smoke disaster and our responsibility

Smoke disaster and our responsibilityFrom Media IndonesiaPresident Soeharto has instructed all relevant government agencies to fight the forest fires in Sumatra and Kalimantan. We can now to see these agencies working to come to grips with the disaster.

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Fri, 03 Oct 1997

JP/Thin haze to cover capital Jakarta, Sunda Straits

Thin haze to cover capital Jakarta, Sunda StraitsBy Edith Hartanto JAKARTA (JP): The National Meteorology and Geophysics Agency has predicted that air quality in the capital and Sunda Straits will be affected by haze in the next two weeks due to the forest fires in Central and East Java.

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Fri, 03 Oct 1997

JP/A logical solution to forest fires

A logical solution to forest firesFrom Media IndonesiaDuring the past few months, Minister for the Environment Sarwono Kusumaatmadja has been busy trying to solve the problems of forest fires and the resulting thick smog covering parts of Kalimantan and Sumatra.

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Fri, 03 Oct 1997

JP/Students to be mobilized to support Games

Students to be mobilized to support Games JAKARTA (JP): The Ministry of Education and Culture's city office is to proceed with its plan to mobilize students to support the 19th SEA Games.

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Fri, 03 Oct 1997

JP/No need for decree on human rights charter: Golkar

No need for decree on human rights charter: Golkar JAKARTA (JP): Golkar threw a wet blanket yesterday on the motion to have an Indonesian bill of human rights deliberated and adopted as a decree by the People's Consultative Assembly (MPR).

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Fri, 03 Oct 1997

JP/Social pressure may lead to teachers' violent behavior

Social pressure may lead to teachers' violent behavior YOGYAKARTA (JP): An observer attributes a recent spate of reported violence in classrooms to social pressure and the changing status of teachers in society.

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Fri, 03 Oct 1997

JP/Poll shows students' choice of president

Poll shows students' choice of president YOGYAKARTA (JP): A small-scale polling held at Gadjah Mada University showed that 39.1 percent of student respondents want to have a president with an "intellectual background".

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Fri, 03 Oct 1997

JP/Surjadi hopes Jakarta will become great city

Surjadi hopes Jakarta will become great city JAKARTA (JP): Outgoing Governor Surjadi Soedirdja says he hopes his successor will continue developing Jakarta to become one of the world's great cities, and one where the gap between rich and poor narrows.

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Fri, 03 Oct 1997

JP/Where to go in Surabaya:

Where to go in Surabaya:Music and Entertainment * Novotel Surabaya Hotel & Suites, Jl. Ngagel 173-175: - Dahana Lounge Bar: Happy Hour at 5:30 p.m. to 7:30 p.m., Los Javados Acoustic music. - Puri Pool Bar: Happy Hour at 5:30 p.m. to 7:30 p.m.

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Fri, 03 Oct 1997

JP/Where to go in Bali:

Where to go in Bali:Music and entertainment * Nikko Bali Hotel: - Kupu-kupu Amphitheater, Balinese dance performances at 9 p.m. to 10 p.m., Legong Dance, on Tuesday, Joged Bumbung, on Thursday, Ramayana, on Saturday. - Oo Looloos Santap Restaurant presents live music daily except Monday at 9 p.m.

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Fri, 03 Oct 1997

JP/Indosat selects vendors

Indosat selects vendors JAKARTA (JP): Three telecommunications equipment giants, Nortel of Canada, Nokia of Finland and Ericsson of Sweden, are competing to be the vendor of PT Indosat's Personal Communication Network (PCN) project.

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Fri, 03 Oct 1997

JP/Nation concerned over forest fires, says Soeharto

Nation concerned over forest fires, says Soeharto JAKARTA (JP): President Soeharto reiterated yesterday the country's concern over the ongoing national disaster of fires that were still razing the nation's forests.

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Fri, 03 Oct 1997

JP/IBM expects lower sales growth this year

IBM expects lower sales growth this year JAKARTA (JP): PT Usaha Sistim Informasi Jaya, distributor of IBM's products and services in the country, expects a lower sales growth this year due to the currency crisis.

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Fri, 03 Oct 1997

JP/Haze disaster

Haze disasterFrom Berita YudhaThe haze from forest fires covering part of the country is a cause of great concern. The material loss is incalculable, so is the impact on work and health conditions. The disaster also affects people psychologically.The haze has also reached Malaysia.

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Fri, 03 Oct 1997

JP/TV today

TV todayTVRI 8:00 a.m. Live Reports: Upacara Pelantikan Pimpinan Tetap MPR/DPR 2:00 p.m. News: Berita 14 2:30 Travel: My Country 2:35 Children's Film: Kelly 3:10 Children's Dance by Sanggar Roro 3:35 Talk Show: Sambung Rasa 4:00 Regional News 4:30 Student's Quiz: Cerdas Cermat 5:10 ...

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Fri, 03 Oct 1997

JP/Hitachi estimates 50% drop in sales

Hitachi estimates 50% drop in sales JAKARTA (JP): PT Hitachi Construction Machinery Indonesia, a heavy machineries producer, expects a 50 percent drop in sales this year partly due to the government's belt-tightening program.

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Fri, 03 Oct 1997

JP/Rupiah regains strength, stocks weak

Rupiah regains strength, stocks weak JAKARTA (JP): The rupiah sharply recovered yesterday against the U.S. dollar in early trading but weakened in the afternoon on a surge in demand for the greenback.Share prices on the Jakarta Stock Exchange (JSX) lost several points at close in thin trading.

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Fri, 03 Oct 1997

JP/Kids hospitalized for food poisoning

Kids hospitalized for food poisoning AMBON, Maluku: Almost 270 elementary schoolchildren in the province of Maluku were hospitalized for food poisoning after they ate state-sponsored food supplements, Antara news agency reported Tuesday.The head of Maluku's education department, A.

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Fri, 03 Oct 1997

JP/Arsenal gears up for clash with Barnsley at home

Arsenal gears up for clash with Barnsley at homeBy Vic Mills LONDON (JP): Arsenal marks the first anniversary of the appointment of manager Arsene Wenger with a home fixture against Barnsley tomorrow.The gulf in class between the sides suggests a torrid afternoon for the Yorkshire club.

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Fri, 03 Oct 1997

JP/Bank scam mastermind 'has fled abroad'

Bank scam mastermind 'has fled abroad' JAKARTA (JP): The owner of Bank Dwipa and alleged mastermind of a Rp 200 billion (US58.83 million) scam at the bank has fled overseas, according to the police.

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Fri, 03 Oct 1997

JP/The risky business of bank transfers

The risky business of bank transfers I have been a reader of The Jakarta Post since the day I arrived in Indonesia, hence my decision to send this letter.I am French and my wife, who is pregnant, still lives in Paris.

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Fri, 03 Oct 1997

JP/Subrata leaves post, replaced by Dailami

Subrata leaves post, replaced by Dailami JAKARTA (JP): Dailami was inducted yesterday as the new director general of press and graphic development, a key post overseeing the development of the national press, replacing Subrata.

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Fri, 03 Oct 1997

JP/Surjadi bids farewell to hacks

Surjadi bids farewell to hacks JAKARTA (JP): Outgoing Governor Surjadi Soedirdja bid farewell to City Hall reporters at Putri Duyung Cottage in Ancol, North Jakarta, Wednesday night.During the meeting Surjadi, whose term of office ends Monday, described how much attention he paid to media reports.

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Fri, 03 Oct 1997

JP/Brunei optimistic in 19th SEA Games

Brunei optimistic in 19th SEA Games As the Southeast Asian Games XIX draw near, The Jakarta Post will run profile of each of the 10 participating countries. The story below is the first of the series.

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Fri, 03 Oct 1997

JP/Former athlete beaten to death

Former athlete beaten to death JAKARTA (JP): A former national pencak silat athlete was beaten to death Wednesday night by about 20 people in an apparently unmotivated attack near the Klender market in East Jakarta.

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Fri, 03 Oct 1997

JP/Soedirman conferred five stars posthumously

Soedirman conferred five stars posthumously JAKARTA (JP): Armed Forces Commander Gen. Feisal Tanjung presented yesterday a honorary five-star general rank to the late Soedirman, the founding father of the Armed Forces.

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Fri, 03 Oct 1997

JP/Coordination of Greater Jakarta development poor

Coordination of Greater Jakarta development poor JAKARTA (JP): The head of the agency in charge of coordinating development programs in Greater Jakarta said yesterday that arduous and time-consuming procedures were causing his organization numerous problems.E.

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Fri, 03 Oct 1997

JP/Striking a balance

Striking a balance The new guidelines announced last week for U.S.-Japan military cooperation strike many Americans as less than a big deal.In Japan and other parts of Asia, they were greeted as a drastic change. In fact, they represent a reasonable affirmation and modernization of the U.S.

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Fri, 03 Oct 1997

JP/Dewi steps to first tee in Indonesian Ladies Amateur Open

Dewi steps to first tee in Indonesian Ladies Amateur Open JAKARTA (JP): Consistent play from the moment she stepped on to the first tee yesterday gave Dewi Suhartati the day's best score, 78, and the lead by two shots after the second round of three in the Indonesian Ladies Amateur Open at ...

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Fri, 03 Oct 1997

JP/Thailand only expects 90 golds in SEA Games

Thailand only expects 90 golds in SEA Games JAKARTA (JP): Thailand will only target to win 90 gold medals at the 19th SEA Games here next week, an official said yesterday.Thailand's chief-de-mission secretary-general Lt. Col.

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Fri, 03 Oct 1997

JP/Choosing heroes

Choosing heroes I agree with educators that learning and discovering are a continuous process throughout a human's life.Recently I discovered that friends of mine had chosen their heroes in sports, music, politics, arts, leisure and living as well as many other worldly issues.

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Fri, 03 Oct 1997

JP/Garuda resumes flights of Airbus A-300 B4 fleet

Garuda resumes flights of Airbus A-300 B4 fleet JAKARTA (JP): Garuda's fleet of Airbus A-300 B4s, one of which crashed last week in Sibolangit, North Sumatra, killing all people on board, has resumed operations after a routine inspection.

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Fri, 03 Oct 1997

JP/French comic trio uses hijinks in going for laughs

French comic trio uses hijinks in going for laughsBy Emilie Sueur JAKARTA (JP): A jacket with a carnation in the buttonhole, a pair of pants, complete with scruffy kneepads, held up by suspenders and a common truck driver's vest: where could this motley fashion arrangement come from but ...

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Fri, 03 Oct 1997

JP/Peace in the Middle East?

Peace in the Middle East? As the Israeli government and the Palestinian Authority resume their negotiations Monday, peace in the Middle East will remain as illusive as ever if Israeli Prime Minister Benjamin Netanyahu remains in power or keeps his policies unchanged.

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Fri, 03 Oct 1997

JP/When in Rome, do as the Romans do

When in Rome, do as the Romans do Reacting out of reflex more than thoughtful analysis, some irate commentators have been trying to create an international incident out of two separate cultural clashes in Afghanistan.

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Fri, 03 Oct 1997

JP/Paying respect to Polar Yanto Tanoto

Paying respect to Polar Yanto Tanoto Polar Yanto Tanoto was a fine gentleman. He spent several years in the remotest parts of this country and made immense contributions toward the industrial development of the nation, in general, and the pulp and paper industry, in particular.

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Fri, 03 Oct 1997

JP/Growing threat of int'l corruption

Growing threat of int'l corruptionBy Henry Bosch This is the second of two articles on dangerous repercussions of the increased incidence of corruption worldwide. It is excerpted from a paper presented at the Australian Institute of International Affairs.

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Fri, 03 Oct 1997

JP/Harmoko elected House speaker

Harmoko elected House speaker JAKARTA (JP): The chairman of the dominant Golkar faction Harmoko was smoothly elected yesterday as speaker of both the House of Representatives and the People's Consultative Assembly (MPR) for the 1997/2002 term.

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Fri, 03 Oct 1997

JP/Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Painting Exhibition: Pesona Alam dan Kehidupan IX by NG. Bana Sembiring, at Balai Budaya, Jl. Gereja Theresia 47, Menteng, Central Jakarta, 9 a.m. to 9 p.m., until Oct. 6.

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Fri, 03 Oct 1997

JP/Indosat given option to buy 'TPI' shares

Indosat given option to buy 'TPI' shares JAKARTA (JP): Publicly listed international telecommunications provider, PT Indosat, agreed yesterday to buy convertible bonds worth Rp 150 billion (US$45.4 million) issued by PT Cipta Televisi Pendidikan Indonesia (TPI).

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Fri, 03 Oct 1997

JP/Political analysts wary about calls for strong House

Political analysts wary about calls for strong House JAKARTA (JP): Political observers lauded yesterday President Soeharto's call for a strong House of Representatives, but also expressed doubt that it could be achieved under the current political situation.

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Fri, 03 Oct 1997

JP/Gandhi school donates Rp 20m

Gandhi school donates Rp 20m JAKARTA (JP): Gandhi Memorial International School presented a donation of Rp 20 million (US$6,666) yesterday to the Gerakan Orang Tua Asuh (national foster parents movement) in celebration of Mahatma Gandhi's 128th birthday.The school's principal A.P.

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Fri, 03 Oct 1997

JP/Former BI employee sues 'Forum Keadilan'

Former BI employee sues 'Forum Keadilan' JAKARTA (JP): A former officer of state-owned Bank Indonesia, Anthony MT Siregar, is suing the biweekly magazine Forum Keadilan for Rp 11 billion (US$3.23 million) for alleged defamation.The suit is connected to a report in the magazine's Sept.

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Fri, 03 Oct 1997

JP/God Bless to perform in five cities

God Bless to perform in five cities JAKARTA (JP): Rock band God Bless will take the stage after an eight-year hiatus to promote their new album Apa Kabar? (How are you?).

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Fri, 03 Oct 1997

JP/Five people die in boat accident

Five people die in boat accident PALEMBANG, South Sumatra: Five died and four others went missing when a motorboat carrying 48 schoolchildren collided with the Soopanava cargo boat in the Musi River, Musi Banyuasin regency, on Wednesday, Antara reported yesterday.

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Fri, 03 Oct 1997

JP/No politics, Belo tells pilgrims

No politics, Belo tells pilgrims DILI, East Timor: Dili Bishop Carlos Filipe Ximenes Belo called on Catholics participating in a pilgrimage to Mt. Ramelau next Sunday and Monday not to engage in any political action.

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Fri, 03 Oct 1997

JP/Mike Cunning takes first lead in Singapore

Mike Cunning takes first lead in SingaporeBy Bobby Allen Wilson SINGAPORE (JP): American Mike Cunning took the first round lead today in the US$200,000 Yokohama Singapore PGA Championship at Raffles Country Club and promptly admitted that his record in Asia drove him crazy.

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Fri, 03 Oct 1997

JP/New rates set for tax payment

New rates set for tax payment JAKARTA (JP): The government announced yesterday new official conversion rates as the basis for payment of import duty, value added tax on goods and services, sales tax on luxury goods, export tax and income tax.According to the Minister of Finance Decree no.493/KMK.

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Fri, 03 Oct 1997

JP/Greed proves costly for two female shoplifters

Greed proves costly for two female shoplifters JAKARTA (JP): Two women, one of whom is an elderly housewife, have been arrested for allegedly stealing 10 pairs of children's pants at Plaza Tomang Tol store in Kalimalang, East Jakarta.City Police Spokesman Lt. Col. E.

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Fri, 03 Oct 1997

JP/Germany 'rediscovers' all that Indonesia has to offer

Germany 'rediscovers' all that Indonesia has to offerBy Bruce Emond JAKARTA (JP): When people ask German Ambassador to Indonesia Dr. Heinrich Seemann what Indonesia is really like, he tells them to look out of the windows in his office at Jl. MH Thamrin's vibrant skyline.

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