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

Wed, 31 Mar 1999

JP/Arctic comeback reshapes history of the Inuit

Arctic comeback reshapes history of the InuitBy Gwynne Dyer LONDON (JP): "I rebelled and didn't have any respect for the law. I got into alcohol and drugs and I got into trouble.

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Wed, 31 Mar 1999

JP/Conversion Rates

Conversion Rates Bank Bali's conversion rates on March 30, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

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Wed, 31 Mar 1999

JP/A taste of the Mediterranean at La Marunda

A taste of the Mediterranean at La Marunda JAKARTA (JP): So many Jakarta restaurants have a distinct attitude problem.

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Wed, 31 Mar 1999

JP/Pick of the Flicks

Pick of the FlicksHollywood KC: Shakespeare In Love 14:15 16:55 19:05 21:15 Thin Red Line 14:30 17:50 21:10 Tarzan And The Lost City 14:15 16:55 19:05 21:15 Soldier 14:55 17:35 19:45 ...

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Wed, 31 Mar 1999

JP/Discount card issued to revive tourism

Discount card issued to revive tourism JAKARTA (JP): The government in cooperation with tourism- related industries launched on Tuesday a discount card facility in a bid to revive the country's ailing tourism sector.

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Wed, 31 Mar 1999

JP/RI unprepared for Sudirman Cup, World C'ships

RI unprepared for Sudirman Cup, World C'ships JAKARTA (JP): With only six weeks to go to the Sudirman Cup and the World Championships in Copenhagen, Denmark, Indonesian shuttlers are not properly prepared for either event.

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Wed, 31 Mar 1999

JP/Three men injured in party supporters clash in C. Java

Three men injured in party supporters clash in C. Java SEMARANG, Central Java (JP): At least three people were injured and one house destroyed when supporters of the United Development Party (PPP) and the National Awakening Party (PKB) clashed Monday evening in Pekalongan, Central Java.

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Wed, 31 Mar 1999

JP/Gomies hospitalized with typhoid

Gomies hospitalized with typhoid JAKARTA (JP): Asian Games (Asiad) gold medalist, Wiem Gomies, has been admitted to Maluku Protestant Church Hospital in Ambon with typhoid.

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Wed, 31 Mar 1999

JP/Indonesia regrets S&P's 'selective default' decision

Indonesia regrets S&P's 'selective default' decision JAKARTA (JP): The Indonesian government said on Tuesday it regretted the decision by Standard & Poor's to downgrade the country's foreign currency long-term sovereign credit rating to "selective default".

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Wed, 31 Mar 1999

JP/Kuta being choked by business activities

Kuta being choked by business activitiesBy Putu Wirata DENPASAR (JP): Kuta, in Bali, famous for its beautiful beach and its tourist industry, has for a long time been far from the ideal tropical retreat many tourists long for.

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Wed, 31 Mar 1999

JP/Regional administration bill expected to be passed sonn

Regional administration bill expected to be passed sonn JAKARTA (JP): Legislators deliberating the bill on regional administration gave assurances on Tuesday that the much criticized draft submitted by the government would be democratic.

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Wed, 31 Mar 1999

JP/BNI rating affirmed

BNI rating affirmed JAKARTA (JP): The U.S.-based rating agency Standard and Poor's affirmed on Tuesday its "Triple C-" long-term foreign currency rating on publicly listed Bank Negara Indonesia (BNI) and the banks US$145 million notes.

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Wed, 31 Mar 1999

JP/KPU firm with its decision on poll campaigns

KPU firm with its decision on poll campaigns JAKARTA (JP): The General Elections Commission (KPU) as of Tuesday was standing firm on its Code of Conduct barring parties from involving ministers in campaigns, while the government suggested a meeting between the commission and the President ...

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Wed, 31 Mar 1999

JP/Similarity between Dyer and Goebels

Similarity between Dyer and Goebels There are certain things and phenomena in this world that you can rely on. For instance, if you're down on your knees, defenseless, your hands tied on your back and a gang of criminals is attacking you, you can rest assured that Mr.

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Wed, 31 Mar 1999

JP/P&G to conduct survey on helmet use

P&G to conduct survey on helmet use JAKARTA (JP): Consumer products manufacturer PT Procter & Gamble (P&G) Indonesia, will conduct a survey on motorcycle helmet use at four city universities next week, the company's president Peter J.S. Laing said on Tuesday.

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Wed, 31 Mar 1999

JP/Habibie-KPU rift on election campaign to drag on

Habibie-KPU rift on election campaign to drag on The Supreme Court, in response to a government appeal, has conveyed its legal opinion on the difference of perceptions between the government and the General Election Commission (KPU) on the latter's decisions related to election campaigns.

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Wed, 31 Mar 1999

JP/Parking space at Hotel Mulia sealed off

Parking space at Hotel Mulia sealed off JAKARTA (JP): Central Jakarta authorities sealed off the 5,000 square meter parking space of the five-star Hotel Mulia on Tuesday morning.According to Mayor Andi Subur Abdullah, who led the 9:30 a.m.

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Wed, 31 Mar 1999

JP/Liquidated banks' artwork on sale

Liquidated banks' artwork on sale JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) is auctioning 731 paintings and another 71 artworks seized from several liquidated banks.A preview will be open to the public from March 31 through April 2 at Balindo showrooms, Jl.

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Wed, 31 Mar 1999

JP/New law empowers buyers to sue producers

New law empowers buyers to sue producers JAKARTA (JP): The House of Representatives unanimously endorsed on Tuesday a new law empowering consumers to sue providers of defective goods and services.

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Wed, 31 Mar 1999

JP/Govt yet to impose travel bans

Govt yet to impose travel bans JAKARTA (JP): As of Tuesday afternoon, travel bans on owners and executives of 38 closed banks had yet to be issued.

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Wed, 31 Mar 1999

JP/Mob runs amok over village head

Mob runs amok over village head BANJARNEGARA, Central Java: Hundreds of residents in the Central Java village of Kalimandi ran amok on Monday, destroying seven buildings and poisoning four fishponds which contained thousands of fish worth millions of rupiah.

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Wed, 31 Mar 1999

JP/Government to maintain fuel subsidy despite free market

Government to maintain fuel subsidy despite free market JAKARTA (JP): Minister of Mines and Energy Kuntoro Mangkusubroto said on Tuesday the government will continue to subsidize fuel sales in the domestic market despite liberalization in the country's oil downstream industry.

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Wed, 31 Mar 1999

JP/Parking at Kem Chicks

Parking at Kem Chicks I welcome the "self driving ladies" discrimination for parking applied by Kem Chicks supermarket (Your Letters, March 27).I am sure there are a number of "tricky" solutions to their gentlemanly act.For such customers, Kem Chicks probably welcomes foreign competition.

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Wed, 31 Mar 1999

JP/Antam's profit up 360 percent

Antam's profit up 360 percent JAKARTA (JP): PT Aneka Tambang (Antam), a general mining company listed on the Jakarta Stock Exchange, reported a 360 percent increase in its consolidated net profit after tax to Rp 319.6 billion (about US$37.6 million) in 1998 as compared to Rp 69.5 billion in 1997.

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Wed, 31 Mar 1999

JP/Continue aid for Ambon refugees urged

Continue aid for Ambon refugees urged JAKARTA (JP): Southeast Sulawesi Governor La Ode Kaimoeddin called on the government on Tuesday to step up humanitarian aid for Ambon refugees, particularly those sheltering on Buton Island.

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Wed, 31 Mar 1999

JP/Partners, not contractors

Partners, not contractors We refer to the article in The Jakarta Post of March 29, 1999, page 12 titled "Almost 1.4m phone access line units installed in three years".

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Wed, 31 Mar 1999

JP/Govt will avoid closing more banks: BI director

Govt will avoid closing more banks: BI director JAKARTA (JP): Financial authorities will try to avoid closing more banks because existing banks can no longer cover the country's economic activities, a central bank executive said here on Tuesday.

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Wed, 31 Mar 1999

JP/GM denies halting expansion

GM denies halting expansion JAKARTA (JP): PT General Motors Indonesia, the Indonesian arm of the U.S-based automotive manufacturer General Motors (GM), denied on Tuesday that it has halted its expansion plans in Indonesia, but admitted to "temporarily canceling" certain projects because of the ...

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Wed, 31 Mar 1999

JP/Police end search for drowned students

Police end search for drowned students BOGOR (JP): The search for Jakarta maritime students drowned in Cisadane River here following a Friday brawl with local students ended on Tuesday.The team of divers from the police Mobile Brigade and military infantry battalion were withdrawn from the site.

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Wed, 31 Mar 1999

JP/PT Hutama Karya demands review of bankruptcy ruling

PT Hutama Karya demands review of bankruptcy ruling JAKARTA (JP): State-owned construction firm PT Hutama Karya, has filed a judicial review against a bankruptcy ruling issued by the Supreme Court against the company.

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Wed, 31 Mar 1999

JP/Muhammadiyah student found dead near home

Muhammadiyah student found dead near home JAKARTA (JP): A female student from the University of Muhammadiyah was found dead early Tuesday floating in a drain near her house in Desa Cipayung, Ciputat, South Jakarta.

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Wed, 31 Mar 1999

JP/No exam fees for elementary schools

No exam fees for elementary schools JAKARTA (JP): Students of state elementary schools in the capital will be able to enroll in their final examinations without paying any fees, an official said on Monday.

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Wed, 31 Mar 1999

JP/Death in custody sparks mass riot

Death in custody sparks mass riot JAYAPURA, Irian Jaya: Police fired warning shots when some 130 people attacked seven shops here in a fray sparked by the death of a teacher at Abepura police station on Sunday.Police station chief, First Lt.

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Wed, 31 Mar 1999

JP/City Council approves Rp 2.81 trillion budget

City Council approves Rp 2.81 trillion budget JAKARTA (JP): The City Council endorsed the Rp 2.81 trillion 1999/2000 city budget on Tuesday, a Rp 70.2 billion increase over the draft budget submitted by Governor Sutiyoso earlier this month.

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Wed, 31 Mar 1999

JP/Police would regain public trust if 'they avoid political cases'

Police would regain public trust if 'they avoid political cases' JAKARTA (JP): Police should avoid taking on politically sensitive cases if they want to regain public trust before being separated from the Armed Forces, a legal scholar said Tuesday.Prof.

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Wed, 31 Mar 1999

JP/Pertamina says no faults in Natuna pipeline tendering

Pertamina says no faults in Natuna pipeline tendering JAKARTA (JP): State oil and gas company Pertamina said here on Tuesday it had not found any irregularities in the tender for the construction of a 650-kilometer underwater pipeline to supply natural gas from west of the Natuna Islands to ...

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Wed, 31 Mar 1999

JP/Two dogs stolen from general's house

Two dogs stolen from general's house JAKARTA (JP): Two adult German shepherds were stolen from a one-star Army general's house at the Army's Special Force's housing complex in East Jakarta on early Tuesday, a police officer said.City police spokesman Lt. Col.

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Wed, 31 Mar 1999

JP/Europe and Asia make same mistake

Europe and Asia make same mistake As news of Serbian massacres of Kosovo Muslims increasingly percolates through the news blackout, the chance that Serbian President Slobodan Milosevic will easily accept autonomy, let alone independence, for the Kosovo Muslim majority of Albanian ethnicity ...

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Wed, 31 Mar 1999

JP/Danamon sets rights issue

Danamon sets rights issue JAKARTA (JP): Shareholders of nationalized Bank Danamon approved on Tuesday the bank's plan to issue 215.04 million rights shares to raise Rp 32.26 trillion (US$3.7 billion) for recapitalization.

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Wed, 31 Mar 1999

JP/Boy killed after falling off bike

Boy killed after falling off bike JAKARTA (JP): A six-year-old boy was killed on Monday when he fell off his bicycle and under the wheel of a truck on Jl. Bidan Aminah in Kalideres, West Jakarta.

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Wed, 31 Mar 1999

JP/Religiously based parties

Religiously based parties I much appreciated Lance Castles' article Voting pattern may change in your March 22 edition and was encouraged to learn that the Netherlands is no longer a religiously polarized society.

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Wed, 31 Mar 1999

JP/ASPAC, Panasia give coaching clinics

ASPAC, Panasia give coaching clinics JAKARTA (JP): Basketball players from the popular Jakarta- based ASPAC and Bandung-based Panasia will provide a workout for 39 sports teachers from 15 high schools in Jakarta and 24 high schools in Bandung next month.

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Wed, 31 Mar 1999

JP/Indonesia grooms 534 athletes for SEAG

Indonesia grooms 534 athletes for SEAG JAKARTA (JP): A national training program is underway for 534 athletes from 20 sports who will represent the country in the 20th Southeast Asian (SEA) Games in Bandar Seri Begawan, Brunei, in August.

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Wed, 31 Mar 1999

JP/Mobil Oil presents humanitarian aid

Mobil Oil presents humanitarian aid JAKARTA: Mobil Oil Indonesia Inc. presented on Monday a humanitarian aid package worth US$800,000 to state hospitals in five towns.

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Wed, 31 Mar 1999

JP/Madurese refugees get relief from WVI

Madurese refugees get relief from WVI JAKARTA (JP): Humanitarian relief has started to flow to over 30,000 Madurese refugees in West Kalimantan's capital of Pontianak and its surroundings, Antara reported on Tuesday.

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Wed, 31 Mar 1999

JP/TV today

TV todayTVRI 5:30 a.m. Religious Teachings 6:00 Morning News 7:00 Children's Songs 7:30 TV Series 8:00 Music 8:30 Variety Show 9:00 Music 10:00 Interval 2:00 p.m.

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Wed, 31 Mar 1999

JP/Obituary

Obituary JAKARTA (JP): The baritone-voice of sports commentator Sambas Mangundikarta will no longer entertain sports fans across the country. Sambas passed away on Wednesday at 2:00 a.m., succumbing to lung cancer.

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Wed, 31 Mar 1999

JP/Government to boost power of indigenous businesspeople

Government to boost power of indigenous businesspeople JAKARTA (JP): The government has stated its intention to increase the economic power of indigenous Indonesian entrepreneurs through an investment program, according to State Minister for the Empowerment of State Enterprises Tanri Abeng.

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Wed, 31 Mar 1999

JP/ATMs to be modified

ATMs to be modified JAKARTA (JP): The technology of teleconferencing, widely used in the U.S. and Europe, is soon to be applied by advanced banks across the country for their automated-teller machines (ATMs), an expert said on Monday.

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Wed, 31 Mar 1999

JP/Stock exchange

Stock exchangeStock prices on the Jakarta Stock Exchange (in rupiah) on March 30, 1999: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 225 0 ...

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Wed, 31 Mar 1999

JP/Students demand legislator Nurdin's dismissal

Students demand legislator Nurdin's dismissal UJUNGPANDANG, South Sulawesi (JP): Hundreds of students staged a fresh rally here on Tuesday to demand the dismissal of Nurdin Halid from the House of Representatives.

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Wed, 31 Mar 1999

JP/E-commerce at global negotiation

E-commerce at global negotiationBy Wiwit Wirsatyo JAKARTA (JP): Major trading nations, led by the United States, have systematically exercised a sort of neomercantilist strategy by introducing electronic-commerce (E-commerce) into global trading arrangements to enhance their own wealth, power ...

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Wed, 31 Mar 1999

JP/Indonesian way of dying

Indonesian way of dying Despite the long absence of natural disasters, bad news continues to bombard us from different directions.

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