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

Wed, 03 May 2000

JP/Export credit facilities to be improved

Export credit facilities to be improved JAKARTA (JP): Newly appointed Minister of Industry and Trade Luhut Panjaitan said on Tuesday he was seeking to increase export credit facilities to boost the country's export earnings.

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Wed, 03 May 2000

JP/Lampung print media suffering

Lampung print media suffering BANDARLAMPUNG, Lampung: At least half the 37 news publications in the province do not publish on a regular basis due to economic reasons.

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Wed, 03 May 2000

JP/Public still grappling with free press

Public still grappling with free press JAKARTA (JP): While well-established media have generally practiced restraint in using press freedom, the public often shows it is not ready for the relatively new openness, media observers and journalists said.

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Wed, 03 May 2000

JP/New law focuses on more responsible baby food ads

New law focuses on more responsible baby food adsBy Stevie Emilia JAKARTA (JP): Advertisements targeting kids are omnipresent. TV stations air them on prime time and the print media carry them in glossy pages.

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Wed, 03 May 2000

JP/Social conflict stems from poor education, say experts

Social conflict stems from poor education, say experts JAKARTA (JP): Social conflict recently wracking the country reflects the failure of the national education system to encourage respect for differences and pluralism, experts concluded on Tuesday.

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Wed, 03 May 2000

JP/Hope for asthma sufferers who want to get active

Hope for asthma sufferers who want to get active JAKARTA (JP): Asthma is incurable but can be controlled.Most people with the disease can still enjoy an active life without suffering its symptoms.

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Wed, 03 May 2000

JP/Get to know of piquant cuisine in festival at Le Meridien

Get to know of piquant cuisine in festival at Le MeridienBy Mehru Jaffer JAKARTA (JP): Beware of Eduardo Vargas the Peruvian chef, as his love for food is rather contagious.

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Wed, 03 May 2000

JP/Wicaksana's profit surges

Wicaksana's profit surges JAKARTA (JP): PT Wicaksana Overseas International, the publicly listed consumer product distributor, booked a net profit of Rp 99 billion (about US$13.20 million) in 1999, swinging from a net loss of Rp 347 billion in 1999.

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Wed, 03 May 2000

JP/Elephant exploitation (2)

Elephant exploitation (2) The big family of WWF-Indonesia would like to wish you a happy birthday and prosperous future on the occasion of your 17th birthday.As a birthday gift, we are sending you this letter of concern regarding events celebrating your birthday.

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Wed, 03 May 2000

JP/Summitplast offers 42m shares

Summitplast offers 42m shares JAKARTA (JP): PT Summitplast Interbenua, a plastic component producer, expects to sell about 42 million shares during its initial public offering (IPO) in early June.

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Wed, 03 May 2000

JP/Soeharto's health to be checked again

Soeharto's health to be checked again JAKARTA (JP): Prosecutors on Tuesday instructed a team of doctors from Cipto Mangunkusumo Hospital (RSCM) to conduct a complete medical check-up on Soeharto to determine once and for all if questioning of the former president can be resumed.

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Wed, 03 May 2000

JP/Polgar victorious in JAPFA Classic

Polgar victorious in JAPFA ClassicBy Ivy Susanti SANUR, Bali (JP): Both joy and sadness filled the air when nine world Grand Masters (GM) and one International Master (IM) ended their round-robin games at the JAPFA Classic International Tournament 2000 at the Grand Bali Beach hotel here on ...

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Wed, 03 May 2000

JP/Pakistani Embassy car stolen

Pakistani Embassy car stolen JAKARTA (JP): A driver at the Pakistani Embassy allegedly stole on Friday afternoon a Toyota Corolla sedan belonging to the embassy, the embassy said on Monday.The driver was identified as Rafli Jaffar, who allegedly stole the white sedan, registration number CD 21 18.

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Wed, 03 May 2000

JP/Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on May 2, 2000: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo ...

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Wed, 03 May 2000

JP/Unhappy PDI-P accepts Laksamana's dismissal

Unhappy PDI-P accepts Laksamana's dismissal JAKARTA (JP): Despite being discontented with the recent Cabinet reshuffle, the Indonesian Democratic Party of Struggle (PDI Perjuangan) elected on Tuesday not to withdraw its representatives from the Cabinet.

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Wed, 03 May 2000

JP/Credit Lyonnais appointed BNI financial advisor

Credit Lyonnais appointed BNI financial advisor JAKARTA (JP): Publicly listed state Bank Negara Indonesia (BNI) announced on Tuesday that it had appointed Credit Lyonnais Securities Asia Ltd. as financial advisor to help turn around its money-losing operation.

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Wed, 03 May 2000

JP/Putin profits from split over U.S. antimissile defense

Putin profits from split over U.S. antimissile defenseBy Norbert Kremp BERLIN (DPA): American plans to develop an anti-missile defense system are souring relations between America and its NATO allies, Russia and China.

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Wed, 03 May 2000

JP/Four new commercial courts to be opened next week

Four new commercial courts to be opened next week JAKARTA (JP): Minister of Law and Legislation Yusril Ihza Mahendra said on Tuesday that four new commercial courts would be opened next Monday in Surabaya, Semarang, Medan and Makassar to help accelerate the resolution of the massive corporate ...

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Wed, 03 May 2000

JP/Robbery in DPR/MPR complex

Robbery in DPR/MPR complex JAKARTA (JP): Police are investigating the Tuesday morning robbery of computers worth hundreds of millions of rupiah from the House of Representatives/People's Consultative Assembly (DPR/MPR) complex in Senayan, Central Jakarta.

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Wed, 03 May 2000

JP/Shakily does it

Shakily does it The country's international trade statistics for the first quarter are bolstering the view that the economy is slowly but steadily recovering from its deep crisis. If this trend continues until December, the 4 percent growth target for this year will be within reach.

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Wed, 03 May 2000

JP/Minivan fares on the rise

Minivan fares on the rise BOGOR (JP): Bogor administration has decided to increase public minivan fares from Rp 400 to Rp 600 soon, an official said on Tuesday."We'll decide on the new fare in the next two weeks," head of the Bogor Land Transportation Owners Organization (Organda), A.

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Wed, 03 May 2000

JP/President to take charge of economy

President to take charge of economy JAKARTA (JP): President Abdurrahman Wahid said on Tuesday he would take a "hands-on" role in guiding the economy following various hiccups in the government's economic team.

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Wed, 03 May 2000

JP/TV Program: Wednesday, May 3, 2000

TV Program: Wednesday, May 3, 2000TVRI 5:30 a.m. Religious Teachings 6:00 News 8:00 Children's Songs 9:00 Interval 2:00 p.m.

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Wed, 03 May 2000

JP/Lippo e-Net investigated over 'misleading information'

Lippo e-Net investigated over 'misleading information' JAKARTA (JP): The Capital Market Supervisory Agency (Bapepam) is investigating whether listed firm PT Lippo e-Net presented misleading information to the public, an agency official said.

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Wed, 03 May 2000

JP/No deadline set for delay in fuel price hike: Minister

No deadline set for delay in fuel price hike: Minister JAKARTA (JP): The government and the International Monetary Fund (IMF) have agreed to delay fuel price increases for an indefinite period, Minister of Mines and Energy Susilo Bambang Yudhoyono said on Tuesday.

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Wed, 03 May 2000

JP/Police arrest man, seize one million pirated VCDs

Police arrest man, seize one million pirated VCDs JAKARTA (JP): Jakarta Police Mobile Detectives (Resmob) raided a building on Jl. Pangera Jayakarta in West Jakarta on Monday, arresting a suspect for the possession of one million pirated video compact discs (VCDs).

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Wed, 03 May 2000

JP/Forestry ministry 'rejects autonomy'

Forestry ministry 'rejects autonomy' JAKARTA (JP): The assistant to the state minister of regional autonomy criticized the forestry ministry for its unwillingness to distribute its powers to local administrations.

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Wed, 03 May 2000

JP/The paradox of freedom in Southeast Asia

The paradox of freedom in Southeast AsiaBy Lukas Luwarso UNITED NATIONS: Southeast Asia is a paradoxical region. Democratic, communist, feudalist and authoritarian states coexist and have come to form the Association of Southeast Asian Nations (ASEAN).

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Wed, 03 May 2000

JP/Temples real boost to the sale of handicrafts

Temples real boost to the sale of handicraftsBy Singgir Kartana YOGYAKARTA (JP): The popularity of the Borobudur and Prambanan Temples as tourist resorts have given a real boost to the sale of handicrafts in Yogyakarta and its neighboring areas.

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Wed, 03 May 2000

JP/Choose truth, rather than a side

Choose truth, rather than a sideBy Mia Doornaert The Jakarta Post joins the commemoration of World Press Freedom Day on May 3 by looking at the media in areas of conflict and areas post-conflict.

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Wed, 03 May 2000

JP/State enterprises' privatization plan unaltered: Rozy

State enterprises' privatization plan unaltered: Rozy JAKARTA (JP): Newly appointed State Minister of Investment and State Enterprises Development Rozy Munir said on Tuesday his office's privatization program would go ahead as scheduled.

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Wed, 03 May 2000

JP/Rector vows to sue police over students' deaths

Rector vows to sue police over students' deaths MEDAN, North Sumatra (JP): Rector of Nomensen Christian University Ericson Simarmata is planning to sue the North Sumatra Police chief for a fatal clash on campus on Monday.

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Wed, 03 May 2000

JP/Swedish mission in town

Swedish mission in town JAKARTA (JP): A Swedish business mission organized by the International Council of Swedish Industry is in Indonesia to explore business opportunities in the country.

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Wed, 03 May 2000

JP/Islamic school opens amid controversy

Islamic school opens amid controversy BANDUNG: Mayor Aa Tarmana officially opened on Tuesday a new Islamic boarding school (pesantren) built on the notorious Saritem red-light district complex, despite ongoing controversy.

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Wed, 03 May 2000

JP/Mideastern states join RI investment forum

Mideastern states join RI investment forum JAKARTA (JP): Businesspeople from eight Middle Eastern countries and three Asian ones are currently in town attending a government-sponsored investment forum.Jack S.

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Wed, 03 May 2000

JP/Private parking operators told to comply with rules

Private parking operators told to comply with rules JAKARTA (JP): City administration will start on Wednesday a one-month campaign to persuade privately-run parking operators to comply with all city regulations regarding parking fees and business licenses, officials said on Tuesday.

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Wed, 03 May 2000

JP/Abdurrahman's trial balloon?

Abdurrahman's trial balloon? In a recent interview with Sydney Morning Herald correspondent David Jenkins, published on the Internet, President Abdurrahman Wahid said he was contemplating resigning in September. Up to the past weekend no one has confirmed the report.

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Wed, 03 May 2000

JP/Corruption rampant in Zimbabwe

Corruption rampant in ZimbabweBy David Pallister LONDON: The head of the armed forces in Zimbabwe is a director of a private company dealing in the mining and trading of gold and diamonds, ostensibly to finance the war effort in the north which is supplied by the general's transport firm.

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Wed, 03 May 2000

JP/Kuwait mum as Iran drills disputed gas field

Kuwait mum as Iran drills disputed gas fieldBy Miriam Amie KUWAIT CITY (DPA): Kuwait's government remained uncharacteristically silent on Monday over the disclosure that Iran has begun drilling in a rich offshore gas field whose sovereignty is under dispute by Kuwait and Saudi Arabia.

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Wed, 03 May 2000

JP/Firms told to make use of ADB loans

Firms told to make use of ADB loans JAKARTA (JP): Local companies should take advantage of the US$55.9 billion funds offered by the Manila-based Asian Development Bank (ADB) this year for the region, an official of the Indonesian Chamber of Commerce and Industry (Kadin) said on Tuesday.

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Wed, 03 May 2000

JP/Travel by train is safe: Official

Travel by train is safe: Official JAKARTA (JP): An official at state railway company PT Kereta Api Indonesia (KAI) assured the public on Tuesday that it was safe for commuters to use trains.

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Wed, 03 May 2000

JP/Govt cuts import duties

Govt cuts import duties JAKARTA (JP): The government has cut import tariffs of raw materials for the production of automotive components down to five percent from a range of between 10 and 20 percent.

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Wed, 03 May 2000

JP/Residents want cheap recreational areas

Residents want cheap recreational areas JAKARTA (JP): City residents have voiced complaints over the limited number of inexpensive recreational sites available in the city, leaving them with few opportunities to enjoy long weekends.

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Wed, 03 May 2000

JP/Street children's money

Street children's money After reading the article Mean parents, local mafia ... in the April 26 edition of The Jakarta Post, I feel that the last paragraph gives a completely false impression of the financial status of the street children in the "Alang-alang" group which I look after.

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Wed, 03 May 2000

JP/Astra Graphia pays dividend

Astra Graphia pays dividend JAKARTA (JP): Shareholders of PT Astra Graphia, publicly listed diversified technology company, approved in an annual shareholders meeting here on Tuesday the management's proposal to pay a dividend of Rp 1 per share for the 1999 financial year.

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Wed, 03 May 2000

JP/Police scheduled to question Susilo as witness

Police scheduled to question Susilo as witness JAKARTA (JP): National Police detectives are to question Minister of Mines and Energy Lt. Gen. (ret) Susilo Bambang Yudhoyono on Wednesday in connection with the July 27, 1996 unrest, an officer said on Tuesday.Quoting official police instruction No.

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Wed, 03 May 2000

JP/No Olympics athletes using illegal drugs: KONI

No Olympics athletes using illegal drugs: KONI JAKARTA (JP): National Sports Council (KONI) vice chairman Arie Sudewo announced on Tuesday that no Olympic athletes had been using illegal drugs.

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Wed, 03 May 2000

JP/Conversion Rates

Conversion RatesBank Indonesia's conversion rates on May 2, 2000: Bank notes rates Buying Selling Rp Rp U.S. dollar 1 7,510.00 8,510.00Australian dollar 1 4,386.59 4,974.

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Wed, 03 May 2000

JP/Gus Dur's allegations

Gus Dur's allegations A week following the dismissal of yet another two ministers by President Abdurrahman Wahid (Gus Dur) from his Cabinet, some questions remain unanswered.

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Wed, 03 May 2000

JP/Students rally for support teachers' cause

Students rally for support teachers' cause JAKARTA (JP): Fears of nationwide teacher strikes to mark National Education Day on Tuesday were unfounded, but in some areas of the country students took to the streets on their teachers behalf.

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Wed, 03 May 2000

JP/Where to go in Surabaya, for Wednesday, May 3, 2000

Where to go in Surabaya, for Wednesday, May 3, 2000Performances * Concert: The Marvelous Sounds of China by Thai and Indonesian musicians at Balai Adika Balroom, Hotel Majapahit, Mandarin Oriental, Jl. Tunjungan 65 (Phone: 031 5454333), 8 p.m. to 9 p.m., May 3.

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Wed, 03 May 2000

JP/Pick of the Flicks (for Wednesday, May 3, 2000)

Pick of the Flicks (for Wednesday, May 3, 2000)Hollywood KC Deuce Bigalow 14:15 16:55 19:05 21:15 Midnight Blue 14:55 17:35 19:45 21:55 The Bachelor 14:15 16:55 19:05 21:15 Bicentennial Man 14:55 17:35 19:45 ...

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Wed, 03 May 2000

JP/Shuttlers' physical regimen called into doubt

Shuttlers' physical regimen called into doubt JAKARTA (JP): A sports science expert said on Tuesday the six- week program for the country's top shuttlers to reach peak physical condition before the Thomas and Uber cups next week was too little, too late.

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Wed, 03 May 2000

JP/Miscommunication caused train collision: Police

Miscommunication caused train collision: Police TANGERANG (JP): Local police came to the conclusion on Tuesday that a train collision in which four people lost their lives on the previous day was caused by miscommunication between a dispatcher at Serpong Railway Station and the driver of the ...

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Wed, 03 May 2000

JP/Elephant exploitation (1)

Elephant exploitation (1) We always thought The Jakarta Post was a newspaper that understood matters related to environmental conservation as it has frequently published articles on natural preservation.

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Wed, 03 May 2000

JP/Vegetable seller tells of life of endless toil and trouble

Vegetable seller tells of life of endless toil and troubleBy A'an Suryana JAKARTA (JP): Many people refer to the capital as a magnet since it lures countless daring outsiders. These transmigrants, however, often end up struggling to realize their dreams of a better life.

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Wed, 03 May 2000

JP/Latin American press faces threats

Latin American press faces threatsBy Danilo Arbilla UNITED NATIONS: More than 200 journalists were killed on the Latin American continent in the last decade, and five in the last three months alone of 1999.These murders feature as the headlines of any reports on press freedom in the hemisphere.

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Wed, 03 May 2000

JP/U.S. terrorism report dangles carrots

U.S. terrorism report dangles carrotsBy Dave McIntyre WASHINGTON (DPA): Naming "state sponsors of international terrorism" each year seems like an academic exercise, but the U.S. State Department's annual report released on Monday reflects how U.S.

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