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

Wed, 30 Sep 1998

JP/President warns of looming national disintegration threat

President warns of looming national disintegration threat JAKARTA (JP): President B.J. Habibie called on seminar participants on Tuesday to help the government ward off the looming threat of national disintegration.

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Wed, 30 Sep 1998

JP/Govt sets up team to revise history books

Govt sets up team to revise history books JAKARTA (JP): Minister of Education and Culture Juwono Sudarsono has called on the country's teachers to give students a balanced account of President Soeharto's resignation in May.

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Wed, 30 Sep 1998

JP/Lippo Bank hires PWC

Lippo Bank hires PWC JAKARTA (JP): Publicly listed Lippo Bank said on Tuesday it had appointed Price Waterhouse Coopers, an international consulting firm, to help refine the bank's comprehensive five- year strategic business plan.

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Wed, 30 Sep 1998

JP/Court throws out Amex's claim against Ometraco

Court throws out Amex's claim against Ometraco JAKARTA (JP): The Jakarta Commercial Court dismissed on Tuesday the bankruptcy request filed by the Singapore branch of American Express Bank against publicly listed PT Ometraco Corporation.Presiding judge R.

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Wed, 30 Sep 1998

JP/Persistent harassment

Persistent harassment One can only be amazed at the lengths to which the government is prepared to go to in trying to demolish the Indonesian Democratic Party (PDI) led by Megawati Sukarnoputri. President B.J.

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Wed, 30 Sep 1998

JP/Contraceptive stocks adequate

Contraceptive stocks adequate JAMBI: The government here has stocks of both injectable and oral pill contraceptives sufficient to last until April 1999, according to State Minister of Population/Head of the National Family Planning Coordinating Board (BKKBN) Ida Bagus Oka.

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Wed, 30 Sep 1998

JP/Sheraton has five stars

Sheraton has five stars JAKARTA (JP): Sheraton Bandung Hotels and Towers announced on Tuesday that it recently received the five-star hotel certification along with several other hotels in West Java from the Ministry of Tourism, Art and Culture's West Java provincial office.

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Wed, 30 Sep 1998

JP/Looting, intimidation haunt employees

Looting, intimidation haunt employees MEDAN, North Sumatra: Thousands of employees at an oil palm plantation in Kisaran, Asahan regency, in North Sumatra are living in fear of looters who have been terrorizing them, Antara reported on Tuesday.

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Wed, 30 Sep 1998

JP/98 Degrees turns up the heat in love tunes

98 Degrees turns up the heat in love tunes JAKARTA (JP): Boybands will be boybands.Before the show they always say they will play different beats but during the concerts they sing and act out love songs -- some original and others borrowed from great singers.

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Wed, 30 Sep 1998

JP/Four die in Pontianak officers' clash

Four die in Pontianak officers' clash JAKARTA (JP): Four people died and a dozen others were severely injured on Tuesday when a brawl between members of an Army cavalry unit and the police's elite Mobile Brigade in the West Kalimantan capital of Pontianak turned into a shooting spree.

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Wed, 30 Sep 1998

JP/Govt considering taking Argentina to WTO panel

Govt considering taking Argentina to WTO panel JAKARTA (JP): The government is considering taking Argentina to a World Trade Organization (WTO) panel for "unjustifiably" imposing high import tariffs on Indonesian footwear, a minister has said.

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Wed, 30 Sep 1998

JP/Tennis body to select team for Asia Games

Tennis body to select team for Asia Games JAKARTA (JP): The Indonesian Tennis Association announced on Tuesday it would select two players to accompany Yayuk Basuki and Wynne Prakusya to the 13th Asian Games in December.

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Wed, 30 Sep 1998

JP/New boss at Perhutani

New boss at Perhutani JAKARTA (JP): Minister of Forestry and Plantations Muslimin Nasution installed A. Fattah DS on Tuesday as the new president of state-owned forestry company Perum Perhutani.

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Wed, 30 Sep 1998

JP/Bus owners threaten to halt operations

Bus owners threaten to halt operations JAKARTA (JP): Public transportation owners on Tuesday threatened to stop operating and hand over the transportation business in the capital to the government if the latter is unable to help lower the skyrocketing prices of spare parts.

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Wed, 30 Sep 1998

JP/Aspac, Siliwangi to open Kobatama

Aspac, Siliwangi to open Kobatama BANDUNG (JP): A match between former champion Aspac of Jakarta and home favorite Siliwangi will kick off the new season for the Kobatama national basketball league in the Pajajaran Sports Hall here on Wednesday.

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Wed, 30 Sep 1998

JP/India needs to introspect

India needs to introspect I refer to the article Ailing Pakistan faces its worst crisis ever published in your newspaper on Sept. 24, 1998.

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Wed, 30 Sep 1998

JP/TV Program: Wednesday, Sept. 30, 1998

TV Program: Wednesday, Sept. 30, 1998TVRI 2:00 p.m. News: Berita 14 2:30 Music 2:35 Children's Film: Thunder Cats 3:05 TV Series: Daktari 4:00 Regional News 4:30 Teen Program: Remaja Indonesia 5:00 Science and Technology 5:30 Documentary Film 6:05 Science World 6:15 Sports 6:30 ...

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Wed, 30 Sep 1998

JP/Quake leaves hundreds homeless on three islands

Quake leaves hundreds homeless on three islands SURABAYA (JP): Earthquakes hit Java, West Nusa Tenggara and Bali on Monday night and early Tuesday, killing one person and destroying hundreds of homes.The first quake, measuring 6.4 on the Richter scale, occurred on Monday at 8:34 p.m.

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Wed, 30 Sep 1998

JP/Man caught with fake insecticide stash

Man caught with fake insecticide stash JAKARTA (JP): Police arrested a 22-year-old man late Monday for allegedly manufacturing fake insecticide for sale to the public under famous brand names, an officer said.Head of the economic crimes unit Lt. Col.

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Wed, 30 Sep 1998

JP/RI 'may become' a major suppliers of shoes to U.S.

RI 'may become' a major suppliers of shoes to U.S. JAKARTA (JP): An association of American retailers and distributors of footwear said on Tuesday that Indonesia has the potential to become a major supplier of shoes to the United States.

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Wed, 30 Sep 1998

JP/Kuntoro favors ending lubricant monopoly

Kuntoro favors ending lubricant monopoly JAKARTA (JP): Minister of Mines and Energy Kuntoro Mangkusubroto said on Tuesday he was considering scrapping state oil and gas company Pertamina's monopoly to produce, import and distribute oil-based lubricants.

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Wed, 30 Sep 1998

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Sept.29, 1998: ------------------------------------------------------ Shares Close Change Trading Volume ...

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Wed, 30 Sep 1998

JP/India and Pakistan

India and Pakistan This is in reply to the article Ailing Pakistan faces its worst crisis ever by Brahma Chellaney in The Jakarta Post on Sept. 24.The way this article painted the picture of Pakistan it looks as if nothing positive is happening there.

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Wed, 30 Sep 1998

JP/Jakarta financial market extends gains on U.S. rate cut hopes

Jakarta financial market extends gains on U.S. rate cut hopes JAKARTA (JP): The rupiah gained ground on Tuesday, closing slightly firmer at 10,725 against the U.S. dollar, thanks to market expectations of a U.S. interest-rate cut.

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Wed, 30 Sep 1998

JP/Governor to meet two warring groups

Governor to meet two warring groups JAKARTA (JP): Governor Sutiyoso said on Tuesday that he intends to summon community leaders from Menteng Jaya subdistrict in Central Jakarta and Manggarai subdistrict in South Jakarta to discuss the never-ending brawls between residents of the two areas.

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Wed, 30 Sep 1998

JP/Conversion Rates

Conversion Rates JAKARTA (JP): Bank Bali's conversion rates on Sept. 29, 1998: TT rates Bank notes rates ------------------------------------------ Buying Selling Buying Selling ...

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Wed, 30 Sep 1998

JP/Tangerang council elects new mayor

Tangerang council elects new mayor JAKARTA (JP): Tangerang's mayoralty council chose the township's secretary as its new mayor in elections on Tuesday safeguarded by as many as 300 security personnel.

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Wed, 30 Sep 1998

JP/Govt funds bank recapitalization

Govt funds bank recapitalization JAKARTA (JP): Domestic commercial banks with capital adequacy ratios (CAR) of between minus 25 percent and plus 4 percent will have to participate a recapitalization program in which the government will provide up to 80 percent of the required funds, Bank ...

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Wed, 30 Sep 1998

JP/PAL, Nuovo, Total in deal

PAL, Nuovo, Total in deal JAKARTA (JP): State shipbuilder PT PAL Indonesia, in cooperation with GE Nuovo Pignone, part of General Electric Power Systems division, has won a contract to supply compression modules to oil and gas producer Total Indonesie.

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Wed, 30 Sep 1998

JP/Suspect's lawyer to disclose more names in rice scandal

Suspect's lawyer to disclose more names in rice scandal JAKARTA (JP): R. Rambe, one of the team of lawyers of Ahmad Zawawi, currently the sole suspect in the illegal rice distribution in the capital, said on Tuesday that he was ready to disclose other officials involved in the illegal practices.

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Wed, 30 Sep 1998

JP/Govt to file new freedom of expression bill

Govt to file new freedom of expression bill JAKARTA (JP): The government plans to submit a second bill seeking to regulate freedom of expression after withdrawing the first one on Tuesday amid signs that the legislation would not have passed the House of Representatives' scrutiny.

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Wed, 30 Sep 1998

JP/Taufik, Susanto warm up in Bali

Taufik, Susanto warm up in Bali JAKARTA (JP): Taufik Halai and Susanto Megaranto will compete in the Bali Jeff Open chess tournament later this week to hone their skills prior to the junior world chess championship.

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Wed, 30 Sep 1998

JP/Asian Games'98 to field a record 43 national teams

Asian Games'98 to field a record 43 national teams JAKARTA (Agencies): Despite Asia's economic crisis, the 13th Asian Games will live up to its billing as the last great sports festival of the century as all 43 members of the Olympic Council of Asia (OCA) will be participating in the event to be ...

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Wed, 30 Sep 1998

JP/BDF expands plant

BDF expands plant JAKARTA (JP): The ministry of health's director general of drug and food control, Sampurno, inaugurated on Monday the expansion of factory and warehouse facilities of pharmaceutical, medical devices and cosmetic producer PT Beiersdorf Indonesia (BDF) in Singosari, Malang, East ...

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Wed, 30 Sep 1998

JP/Disable workers ask government to save workshop

Disable workers ask government to save workshop JAKARTA (JP): Employees of Swa Prasidya Purna industrial workshop for the handicapped have urged the government to help them continue to run their business, which has been closed down by its operator.

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Wed, 30 Sep 1998

JP/Govt says Megawati must guarantee security and order

Govt says Megawati must guarantee security and order JAKARTA (JP): The government is allowing Megawati Soekarnoputri to continue with plans to hold a congress of her Indonesian Democratic Party (PDI) faction in Bali as long as she can guarantee security and order on the popular tourist island.

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Wed, 30 Sep 1998

JP/Hopping mad hunters stay up all night in Purwokerto

Hopping mad hunters stay up all night in PurwokertoBy Agus Maryono and Ngudi Utomo PURWOKERTO, Central Java (JP): Frog's legs are a speciality served in certain restaurants only. Some people may be averse to the idea of eating frogs.

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Wed, 30 Sep 1998

JP/Singapore tourist arrivals fall

Singapore tourist arrivals fall SINGAPORE (Bloomberg): Singapore tourist arrivals fell 11.7 percent in August from a year earlier, as recessions in Asian countries kept people home, the Singapore Tourism Board said.

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Wed, 30 Sep 1998

JP/Political moves key to economic cure

Political moves key to economic cureBy Sofyan Wanandi The following article is based on a paper presented at the "Indonesia Update 1998" Conference in Melbourne from Sept. 25 to Sept. 26, 1998. This is the first of two articles.

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Wed, 30 Sep 1998

JP/RI eyes Asiad volleyball quarters berth

RI eyes Asiad volleyball quarters berth JAKARTA (JP): Indonesia expects to go no further than the quarterfinals in the Asian Games men's volleyball competition due to a tough draw, national team training director Suharsono said on Tuesday.

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Wed, 30 Sep 1998

JP/KIPP plans to monitor next year's elections

KIPP plans to monitor next year's elections JAKARTA (JP): The Independent Election Monitoring Committee (KIPP), which reported numerous violations in the 1997 elections, has started planning to watch over the upcoming election scheduled for May 1999.KIPP coordinator Mulyana W.

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Wed, 30 Sep 1998

JP/Habibie summons aides over office decoration

Habibie summons aides over office decoration JAKARTA (JP): President B.J. Habibie summoned on Tuesday two cabinet ministers, the chairman of the National Institute of Sciences (LIPI) Sofjan Tsauri, and three cultural experts to assist him in the construction of his new office at Merdeka Palace.

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Wed, 30 Sep 1998

JP/The Bosnian elections

The Bosnian elections Three years after the war of extermination that tore apart the republic of Bosnia-Herzegovina, in the heart of the Balkans, the survivors have returned to elect a future government in elections carried out under strict international supervision.

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Wed, 30 Sep 1998

JP/Fire destroys hundreds of artworks in Bandung

Fire destroys hundreds of artworks in Bandung BANDUNG (JP): Fire destroyed an art gallery on a main downtown street early Tuesday, reportedly incinerating hundreds of works by famous artists, including at least one piece by the late Affandi.In addition to the damage to Galeri Braga at Jl.

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Wed, 30 Sep 1998

JP/Spotlight

SpotlightPhoto A: KoreanKorindoSTUDENT SCHOLARSHIPS: Korindo chairman Seung Eun Ho (right) greets University of Indonesia rector Asman Boedisantoso at a presentation ceremony for scholarships to 110 first-year students unable to pay their tuition due to the crisis.

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Wed, 30 Sep 1998

JP/Sergeant gives up for shooting

Sergeant gives up for shooting JAKARTA (JP): A serviceman, who allegedly shot to death a public bus crew during a clash on Saturday, has given himself up to the City Military Police for further investigation, an officer said.

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Wed, 30 Sep 1998

JP/SBI interest policy 'costly, less effective'

SBI interest policy 'costly, less effective' JAKARTA (JP): Bank Indonesia's policy of offering high interest rates for its SBI promissory notes was costly and could not be sustained for a longer period, an economist at state-owned investment firm PT Danareksa Sekuritas said on Tuesday.

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Wed, 30 Sep 1998

JP/Cemex wins bid to buy stake in Semen Gresik

Cemex wins bid to buy stake in Semen Gresik JAKARTA (JP): Mexico's Cemex SA has finally won the second round bidding for a 14 percent government stake in publicly listed cement producer PT Semen Gresik, a senior official confirmed on Tuesday.

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