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

Fri, 04 Feb 2000

JP/BI to adopt tight policy to arrest fall of rupiah

BI to adopt tight policy to arrest fall of rupiah JAKARTA (JP): The central bank will adopt a tight monetary policy in a bid to arrest the fall of the flagging rupiah against the U.S. dollar.

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Fri, 04 Feb 2000

JP/BPGS to present assets to DPR

BPGS to present assets to DPR JAKARTA (JP): State Secretary Ali Rahman said on Thursday he would present the Gelora Senayan Management Board's (BPGS) assets in a hearing with Commission I of the House of Representatives (DPR)."The House invited us to discuss BPGS' assets.

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Fri, 04 Feb 2000

JP/Tunnels built to ward off floods

Tunnels built to ward off floods BOGOR (JP): The local administration will build two drainage tunnels connecting the two biggest rivers in West Java, the Ciliwung and Cisadane, in an attempt to solve perennial flooding.

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Fri, 04 Feb 2000

JP/PPP gives ultimatum over murder probe

PPP gives ultimatum over murder probe JAKARTA (JP): The United Development Party (PPP) faction threatened to walk out of the deliberation of the state budget if the government did not complete a murder investigation on its legislator Tengku Nashiruddin Daud within 30 days.

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Fri, 04 Feb 2000

JP/Generals rebuked over secret meeting

Generals rebuked over secret meetingBy Kornelius Purba THE HAGUE (JP): President Abdurrahman Wahid warned Indonesian Army generals on Thursday against taking radical action, saying a group of generals had held a covert meeting in Jakarta during his absence.

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Fri, 04 Feb 2000

JP/RI needs to rewrite its history: Anthropologist

RI needs to rewrite its history: Anthropologist YOGYAKARTA (JP): Dutch-born anthropologist Niels Mulder said Indonesia needed to rewrite its history to reconstruct the trail of events which had deliberately been geared to serve the interests of the New Order regime.

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Fri, 04 Feb 2000

JP/Donors lead Mideast development push

Donors lead Mideast development pushBy Taieb Mahjoub MOSCOW (AFP): The push to focus on economic development after the first multilateral Middle East peace talks in nearly four years came after pressure from donor nations, diplomats and analysts said here Wednesday.

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Fri, 04 Feb 2000

JP/Banners torn in Bogor

Banners torn in Bogor BOGOR (JP): Bogor Regional Revenue Agency chief M. Djumala said on Tuesday that his office had torn down at least 55 commercial banners across the city as they had violated city tax regulations."Most of the banners had expired. Others did not pay the taxes," Djumala said.

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Fri, 04 Feb 2000

JP/Indonesia's foreign loans dilemma

Indonesia's foreign loans dilemma Before any accord was reached about the amount of assistance Indonesia would be getting from the Consultative Group on Indonesia, public demands were aired through demonstrations and press statements that the government ask the aid consortium to scrap all loans ...

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Fri, 04 Feb 2000

JP/Kang leads Indonesia Ladies Open

Kang leads Indonesia Ladies Open JAKARTA (JP): Kang Soo-yun of South Korea slipped to first place on the second day of the Indonesia Ladies Open at the Senayan Golf Club here on Thursday.Kang is on 136 (72-64), four under par after birdying on holes 3, 5, 6, 10, 11, 14 and 16.

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Fri, 04 Feb 2000

JP/INDRA rate set at Rp 6,827

INDRA rate set at Rp 6,827 JAKARTA (JP): The Indonesian Debt Restructuring Agency (INDRA) set the exchange rate used to convert private foreign debt at Rp 6,827 to the U.S. dollar for companies joining the agency in February.

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Fri, 04 Feb 2000

JP/Govt cautioned to use CGI loans effectively

Govt cautioned to use CGI loans effectively JAKARTA (JP): Economists have called on the government to use the US$4.7 billion in loans pledged by the international lender countries more effectively, so it could reduce its dependence on foreign loans in the future.

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Fri, 04 Feb 2000

JP/Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on Feb. 3, 2000: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo ...

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Fri, 04 Feb 2000

JP/Davis Cup ties kick off worldwide

Davis Cup ties kick off worldwide JAKARTA (Agencies): Indonesia is ready for a revenge against the Philippines when they start the first round of the Asia Oceania Zone Group II Davis Cup tie at Rizal Memorial Tennis Center on Friday.

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Fri, 04 Feb 2000

JP/More support pours in for KPU liquidation

More support pours in for KPU liquidation JAKARTA (JP): The Independent Election Monitoring Committee (KIPP) threw its weight on Thursday behind a plan to dissolve the General Elections Commission (KPU), citing its failure to maintain impartiality.

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Fri, 04 Feb 2000

JP/Volleyball body to announce new officials next week

Volleyball body to announce new officials next week JAKARTA (JP): The Indonesian Volleyball Association (PBVSI) is likely to announce its new committee members after reporting to the National Sports Council (KONI) next Friday.

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Fri, 04 Feb 2000

JP/Wanted: A good judge

Wanted: A good judge Was President Abdurrahman Wahid wrong in proposing Benjamin Mangkoedilaga as chief justice? Constitutionally, the President does not have the right to meddle in the judicial body.

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Fri, 04 Feb 2000

JP/Controversy over Wiranto intensifies

Controversy over Wiranto intensifies JAKARTA (JP): The discourse on whether Coordinating Minister for Political Affairs and Security Gen. Wiranto should resign over the East Timor debacle snowballed on Thursday, amid fears about a further plunge of the rupiah resulting from the political tension.

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Fri, 04 Feb 2000

JP/Hotels, malls and cafes light up for Lunar New Year

Hotels, malls and cafes light up for Lunar New YearBy Stevie Emilia JAKARTA (JP): Welcome to the hustle and bustle of the Chinese Lunar New Year, which falls on Feb. 5 this year.Festivities this year are made possible by the revocation on Jan. 18 of Presidential Instruction No.

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Fri, 04 Feb 2000

JP/Roses are red, and expensive too

Roses are red, and expensive too SURABAYA, East Java: Say it with flowers and pay a hefty price.That's what residents here are quickly finding out as Chinese New Year on Saturday and Valentine's Day on Feb. 14 approaches.

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Fri, 04 Feb 2000

JP/BCA gets green light to float shares on JSX despite losses

BCA gets green light to float shares on JSX despite losses JAKARTA (JP): The management of the Jakarta Stock Exchange (JSX) will accept the planned listing of Bank Central Asia on the bourse despite the fact that the bank suffered losses in the last two consecutive years.

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Fri, 04 Feb 2000

JP/Local animated film industry still not fully alive

Local animated film industry still not fully aliveBy Gotot Prakosa JAKARTA (JP): The development of animated films in Indonesia, which is the subject of an exhibition which opened on Saturday, has depended heavily on the television industry.

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Fri, 04 Feb 2000

JP/Taiwan's main opposition fails to mollify China

Taiwan's main opposition fails to mollify ChinaBy Benjamin Kang Lim BEIJING (Reuters): Soothing comments on Taiwan independence by the island's main opposition party have cut little ice in Beijing, Chinese analysts said on Monday.

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Fri, 04 Feb 2000

JP/City to introduce new parking system

City to introduce new parking system JAKARTA (JP): The City Parking Agency will introduce a new street parking system to provide better service to residents, an official said on Thursday.

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Fri, 04 Feb 2000

JP/Ibm.net and Indovision

Ibm.net and Indovision More than one year ago my cable service was cut off without notice by Indovision despite the fact that I had paid my bill in full. Until now there has been no compensation or settlement.

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Fri, 04 Feb 2000

JP/Old Supreme Court building damaged due to project

Old Supreme Court building damaged due to project JAKARTA (JP): Historical and protected heritage sites in Jakarta have been damaged to such an alarming extent that the agents now inflicting the damage often include government institutions.

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Fri, 04 Feb 2000

JP/Good example set by police chief

Good example set by police chief National Police chief Lt. Gen. Rusdihardjo's decision not to chair the All-Indonesian Volleyball Association is a distinctly positive example other high-ranking officers and officials should follow, so they can give 100 percent of their concentration to their main ...

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Fri, 04 Feb 2000

JP/Enter the dragon for the Chinese New Year

Enter the dragon for the Chinese New YearBy Grace Segran JAKARTA (JP): The Chinese New Year, celebrated on the first day of the Chinese lunar calendar, is the most important annual festival for the Chinese community.

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Fri, 04 Feb 2000

JP/GAM agrees to end fighting in Aceh: Gus Dur

GAM agrees to end fighting in Aceh: Gus Dur THE HAGUE (JP): President Abdurrahman 'Gus Dur' Wahid announced here on Wednesday that the separatist rebel group Free Aceh Movement (GAM) had agreed to end more than two decades of fighting with Indonesian security forces in the restive province and ...

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Fri, 04 Feb 2000

JP/KUD, NGOs accused of alleged Rp 450b fraud

KUD, NGOs accused of alleged Rp 450b fraud MAKASSAR, South Sulawesi (JP): The South Sulawesi Provincial Prosecutor's Office has vowed to investigate reports of alleged fraud by the village cooperatives (KUD) and local non- governmental organizations (NGOs).

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Fri, 04 Feb 2000

JP/Congress costs PDI-P Rp 6b

Congress costs PDI-P Rp 6b SEMARANG, Central Java: The Indonesian Democratic Party of Struggle (PDI Perjuangan) will have to fork out about Rp 6 billion to finance its upcoming congress here which is due to be held from March 26 to April 1.

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Fri, 04 Feb 2000

JP/The Davos economic summit

The Davos economic summit But for the Clinton show and the Seattle like protests, the annual World Economic Forum (WEF) in Davos had nothing new to offer.

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Fri, 04 Feb 2000

JP/CIA services by proxy

CIA services by proxy Although in his letter (The Jakarta Post, Feb. 2, 2000: On the CIA's role), Mr. Richard Lewis confirms some of the facts mentioned in my article (the Post, Jan. 13 and Jan.14: The U.S.

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Fri, 04 Feb 2000

JP/House cautions govt to be realistic about state budget

House cautions govt to be realistic about state budget JAKARTA (JP): The House of Representatives warned the government on Thursday not to be overly optimistic with its 2000 state budget economic targets amid the current social and political instability, and the weakening rupiah.

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Fri, 04 Feb 2000

JP/Govt urged to take firm action against bad debtors

Govt urged to take firm action against bad debtors JAKARTA (JP): Senior economist M. Sadli called on the government on Thursday to take stern legal sanctions against recalcitrant debtors and award the cooperative ones with possible debt reduction.

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Fri, 04 Feb 2000

JP/Where to go in Jakarta: Friday, Feb. 4, 2000

Where to go in Jakarta: Friday, Feb. 4, 2000Exhibitions * Comics, Animation Exhibition, at National Gallery, Jl. Medan Merdeka Timur 14, Gambir, Central Jakarta (Phone: 3813021), 10 a.m. to 8 p.m., Feb. 5 - 14. * Painting Exhibition: 12 paintings by 12 Russian painters, at Borobudur Hotel, Jl.

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Fri, 04 Feb 2000

JP/TV today

TV todayTVRI 5:30 a.m. Religious Teachings 6:00 News 8:00 Children's Program 9:00 Music 10:30 Interval 2:00 p.m.

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Fri, 04 Feb 2000

JP/Govt to submit 'strong' rights tribunal bill

Govt to submit 'strong' rights tribunal billBy Budiman Moerdijat JAKARTA (JP): A group of legal experts is putting the final touches to a new bill which could provide the key legal instrument to try Gen. Wiranto for human rights abuses in East Timor.

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Fri, 04 Feb 2000

JP/Is Europe fated to be a digital colony?

Is Europe fated to be a digital colony?By Matthew Lynn LONDON (Bloomberg): Central bankers usually refrain from making jokes about other countries' economies; they follow the rule that while it's okay to be rude about your own family, it is a mistake to be rude about other people's.

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Fri, 04 Feb 2000

JP/Pick of the Flicks (for Friday, Feb. 4, 2000)

Pick of the Flicks (for Friday, Feb. 4, 2000)Hollywood KC Double Jeopardy 14:15 16:55 19:05 21:15 13th Warrior 14:55 17:35 19:45 21:55 Anna And The King 13:45 16:30 20:15 Random Hearts 14:55 17:35 19:45 21:55 ...

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Fri, 04 Feb 2000

JP/Police catch 58 foreign drug smugglers since 1999

Police catch 58 foreign drug smugglers since 1999 JAKARTA (JP): National Police headquarters have recorded a total of 58 foreigners who have attempted to smuggle narcotics and psychotropic substances into the country, beginning 1999 till today, an officer said on Thursday.

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Fri, 04 Feb 2000

JP/Public needs to honor researchers: Official

Public needs to honor researchers: Official JAKARTA (JP): Officials here have warned that if the public fails to accord researchers the proper respect and acknowledgment they truly deserve, the field will be sidelined and Indonesia itself will suffer from a lack of technological innovation.

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Fri, 04 Feb 2000

JP/Benjamin gains support to head Supreme Court

Benjamin gains support to head Supreme Court YOGYAKARTA (JP): Benjamin Mangkoedilaga, a reputed former judge, is the right man to head the Supreme Court, and his promotion to hold the post is lawful, a Yogyakarta-based law expert, Prof. M. Mahfud MD says.

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Fri, 04 Feb 2000

JP/Four maids perish in house fire

Four maids perish in house fire JAKARTA (JP): The gently falling rain could do nothing to ease the pain of Jonathan Chan and his family, who lost their four housemaids to a raging fire on Wednesday night.

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Fri, 04 Feb 2000

JP/WW II bomb kills 13, injures eight

WW II bomb kills 13, injures eight TERNATE, North Maluku: Thirteen people died and eight others were wounded when a buried bomb left over from World War II exploded on Galogalo island.The bomb exploded on Monday when a group of people tried to cut through the bomb casing to get at the explosives.

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Fri, 04 Feb 2000

JP/Democracy not the cure-all for what ails society: Brennan

Democracy not the cure-all for what ails society: Brennan Father Frank Brennan SJ AO is director of Uniya, a social justice research and action center based in Sydney, Australia, which focuses on justice for marginalized groups as well as for refugee rights, the bill of rights and human rights in ...

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Fri, 04 Feb 2000

JP/Toyota introduces newest series of popular Kijang van

Toyota introduces newest series of popular Kijang van JAKARTA (JP): Carmaker PT Toyota Astra Motor launched its newest model of the popular Kijang multipurpose van on Thursday.

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Fri, 04 Feb 2000

JP/Snags in antimonopoly law

Snags in antimonopoly lawBy Destivano Wibowo JAKARTA (JP): With the promulgation of Law No.5/1999 on Anti- Monopoly and Unfair Competition it seems that those who have benefited from monopolistic practices in the past will have to reevaluate all their business activities.

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Fri, 04 Feb 2000

JP/Mandiri change not for the better

Mandiri change not for the better I have been a customer with the former Bank Exim, now part of Bank Mandiri, for 15 years. I have always been pleased with service at the Denpasar branch, and have enjoyed ready access to the dollars in my U.S. dollar account.

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Fri, 04 Feb 2000

JP/Number of foreigners arrested up in 1999

Number of foreigners arrested up in 1999 JAKARTA (JP): Ninety-six foreigners were arrested last year for various crimes ranging from robberies, drug-related incidences, overstays, violence, murder, rape, possession of weapons, prison escapes and kidnapping, an officer of the police information ...

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