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

Wed, 06 May 1998

JP/New strategies for RI diplomacy

New strategies for RI diplomacyBy Aleksius Jemadu BANDUNG (JP): Time and again Indonesia has been a vulnerable target of international criticism for its human rights record.

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Wed, 06 May 1998

JP/Clove growers have a history of losing out

Clove growers have a history of losing outBy Risang Pamungkastiran and Gin Kurniawan YOGYAKARTA (JP): The old man's expression remained unchanged when he was asked to comment on the planned dissolution of the Clove Marketing and Buffer Stock Agency (BPPC).

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Wed, 06 May 1998

JP/Culture, education exhibitions at JCC

Culture, education exhibitions at JCC JAKARTA (JP): A five-day national culture exhibition will be held at the Jakarta Convention Center in Central Jakarta starting tomorrow.

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Wed, 06 May 1998

JP/Financial market give cool response to IMF package

Financial market give cool response to IMF package JAKARTA (JP): Indonesia's financial market responded coolly yesterday to the long-waited approval for the disbursement of the International Monetary Fund's second US$1 billion tranche to Indonesia.

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Wed, 06 May 1998

JP/Man mobbed to death

Man mobbed to death JAKARTA (JP): An alleged motorcycle thief was beaten to death by an angry mob in Kalideres, West Jakarta, Sunday night, police said yesterday.

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Wed, 06 May 1998

JP/House to summon minister over fuel price increases

House to summon minister over fuel price increases JAKARTA (JP): The House of Representatives (DPR) will summon Minister of Mines and Energy Kuntoro Mangkusubroto over the government's decision to increase fuel and electricity prices.

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Wed, 06 May 1998

JP/Four injured in Klender train crash

Four injured in Klender train crash JAKARTA (JP): Four people were injured in a train crash at Klender, East Jakarta, Monday night, railway officials said yesterday.The crash at about 9:30 p.m.

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Wed, 06 May 1998

JP/Paul looking to defend his drag race lead

Paul looking to defend his drag race lead JAKARTA (JP): Canadian Robert Paul hopes to defend his lead in this year's national drag race series with a win in the series' second leg at Sentul, near Bogor, on May 10."I will do my best to defend the 11.

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Wed, 06 May 1998

JP/Dengue fever claims 29 lives

Dengue fever claims 29 lives TANGERANG (JP): Twenty-nine of the 979 people admitted to the Tangerang General Hospital with dengue fever between Jan. 1 and May 1, died, a hospital official said yesterday.

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Wed, 06 May 1998

JP/Basic commodity prices set to increase today

Basic commodity prices set to increase today JAKARTA (JP): Prices of essential commodities, especially foodstuffs, are set to skyrocket yet again today following steep increases in fuel, traders said yesterday.

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Wed, 06 May 1998

JP/Lonsum's net profit down 5%

Lonsum's net profit down 5% JAKARTA (JP): PT PP London Sumatra Indonesia (Lonsum), a publicly listed plantation firm, reported yesterday a 5 percent decrease in net profit to Rp 76.62 billion (US$9.6 million) in 1997 over the previous year.

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Wed, 06 May 1998

JP/Fuel price hikes 'a potential cause of political instability'

Fuel price hikes 'a potential cause of political instability' JAKARTA (JP): Several observers warned yesterday that Monday's government decision to raise fuel and electricity prices amidst the economic hardships faced by the people and strong demands for reform, could be a potential source of ...

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Wed, 06 May 1998

JP/Govt to help out 400,000 needy university students

Govt to help out 400,000 needy university students JAKARTA (JP): The government will provide a special scholarship fund to assist more than 400,000 cash-strapped university students nationwide to continue their studies.

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Wed, 06 May 1998

JP/Conference call

Conference call I wish to pinpoint a minor typing error which may confuse your readers in the article, Can UN direct disarmament?, which I coauthored, in your newspaper editions of May 4 and May 5 respectively.

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Wed, 06 May 1998

JP/ABRI learns retail business

ABRI learns retail business JAKARTA (JP): About 120 personnel from the Armed Forces' cooperatives in Jakarta, Tangerang and Bekasi are taking part in a two-week management course here.The course, opened Monday by Jakarta Military Command Chief of Staff Brig. Gen.

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Wed, 06 May 1998

JP/Small, medium cigarette factories on the brink of bankruptcy

Small, medium cigarette factories on the brink of bankruptcyBy Ahmad Solikhan, Tedy Novan and Abu Ibrahim YOGYAKARTA (JP): Ponirah, a 65-year-old cigarette roller obviously got deep satisfaction every time she puffed on her klobot (tobacco wrapped in a corn leaf) cigarette during her lunch break ...

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Wed, 06 May 1998

JP/Businessman found dead

Businessman found dead JAKARTA (JP): A 63-year-old businessman was found dead with a shawl tied around his neck in a boardinghouse on Jl. Angkasa Dalam I in Central Jakarta yesterday, police said.The body of Djuwardi Giyanto had began to decompose.

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Wed, 06 May 1998

JP/ASX, JSX to hold seminar

ASX, JSX to hold seminar JAKARTA (JP): The Australian Stock Exchange (ASX) and the Jakarta Stock Exchange (JSX) will cosponsor a one-day seminar to be held at the JSX building Thursday.

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Wed, 06 May 1998

JP/C. Kalimantan short on teachers

C. Kalimantan short on teachers PALANGKA RAYA, Central Kalimantan: Central Kalimantan is in dire need of 7,125 elementary school teachers, an official at the provincial office of the Ministry of Education and Culture said yesterday.

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Wed, 06 May 1998

JP/UK minister due here today

UK minister due here today JAKARTA (JP): British Chancellor of the Exchequer Gordon Brown is expected to arrive here today for a one-day visit.

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Wed, 06 May 1998

JP/Dozens injured in student protests over fuel price rises

Dozens injured in student protests over fuel price rises JAKARTA (JP): Clashes between students and security personnel across the country yesterday again resulted in injuries to dozens of protesters, including one who was shot in Ujungpandang, South Sulawesi, when police fired warning shots at ...

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Wed, 06 May 1998

JP/BI's net domestic assets valued at minus Rp 37.70t

BI's net domestic assets valued at minus Rp 37.70t JAKARTA (JP): Bank Indonesia's net domestic assets as of May 1 were valued at minus Rp 37.70 trillion, indicating a monetary expansion of Rp 862 billion against the level in the previous week.

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Wed, 06 May 1998

JP/Tony Blair's Mideast initiative

Tony Blair's Mideast initiative It is too early to celebrate a diplomatic breakthrough that could revive the stalled Mideast peace process.In spite of this, the well-intentioned host, British Prime Minister Tony Blair, has reason to be satisfied.

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Wed, 06 May 1998

JP/Bankruptcy Law ushers in new era

Bankruptcy Law ushers in new era JAKARTA (JP): The recently enacted Bankruptcy Law marks a fundamental change in the country's commercial legal system, lawyers said here yesterday.

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Wed, 06 May 1998

JP/Cigarette factories contribute to development efforts

Cigarette factories contribute to development effortsBy Tedy Novan, Ahmad Solikhan and Angger Jatiwijaya KUDUS, Central Java (JP): Passing through this town, we get the sensation of entering a large area full of billboards.

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Wed, 06 May 1998

JP/Is there any end to student demos?

Is there any end to student demos? Despite President Soeharto giving the green light for initial reforms, demonstrations continue unabated at universities across the country.

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Wed, 06 May 1998

JP/Indonesia, Australia and overcoming the Asian crisis (3)

Indonesia, Australia and overcoming the Asian crisis (3) This is the third of three articles based on former Australian prime minister Paul J.

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Wed, 06 May 1998

JP/New funds considered no gauge of confidence

New funds considered no gauge of confidence JAKARTA (JP): The injection of funds from outside agencies may help soothe the country's economic hardships but it will take much more to restore badly dented confidence in the country, economists said yesterday.

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Wed, 06 May 1998

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on May 5, 1998: Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 600 0 ...

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Wed, 06 May 1998

JP/House to initiate reform through legislative action

House to initiate reform through legislative action JAKARTA (JP): The House of Representatives (DPR) made a surprising and rare decision yesterday to initiate reforms through the review of key political, economic and legal legislation.

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Wed, 06 May 1998

JP/Doc claims to have cancer beater

Doc claims to have cancer beater PADANG, West Sumatra: An expert on animal nutrition claimed yesterday that he had engineered a traditional West Sumatran food into a potential cancer preventive and cholesterol diluter.Dr. Ir.

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Wed, 06 May 1998

JP/Garuda and Pos ink deal

Garuda and Pos ink deal JAKARTA (JP): State-owned postal service company PT Pos Indonesia has agreed to use state-owned airline Garuda Indonesia to transport its postal products at home and overseas.

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Wed, 06 May 1998

JP/Dreaming of more civic society

Dreaming of more civic society Never before in the history of this republic has the role of the second in command become more vital in shaping the destiny of this nation.

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Wed, 06 May 1998

JP/Indonesian juniors book 1st wins at world tourney

Indonesian juniors book 1st wins at world tourney JAKARTA (JP): Local boys and girls clinched easy wins on the first day of the Asia/Oceania World Junior qualifying tournament at the Senayan tennis complex yesterday.

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Wed, 06 May 1998

JP/Excessive interest rate

Excessive interest rate Bank Internasional Indonesia (BII) increased interest on its loans from 19 percent to 30 percent under the housing loan (KPR) scheme. It has now further increased the rate to 50 percent.This has aggravated its customers' problems in the current economic crisis.

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Wed, 06 May 1998

JP/INACA raises airfares by 37% after fuel hike

INACA raises airfares by 37% after fuel hike JAKARTA (JP): The government has approved an Indonesian National Air Carriers Association (INACA) proposal for a 37 percent increase in airfares, following the steep hike in fuel prices.

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Wed, 06 May 1998

JP/Protests in Medan turning brutal: Military

Protests in Medan turning brutal: Military MEDAN (JP): Student demonstrations, which led to riots here Monday night, have become progressively more violent and racial in nature with increased incidents of looting and the burning of private property, a high-ranking military officer said yesterday.

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Wed, 06 May 1998

JP/Indriyani accepts delayed bonus

Indriyani accepts delayed bonus JAKARTA (JP): Indonesian weightlifter Sri Indriyani received a delayed 19th SEA Games bonus yesterday.The reward, a house worth Rp 50 million, was symbolically handed over to her by State Minister of Youth Affairs and Sports Agung Laksono.

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Wed, 06 May 1998

JP/On East Timor issue

On East Timor issue I thank John Hargreaves for his comments East Timor issue published in The Jakarta Post May 2 on my article (UN statement good deal for RI, April 25). He is correct in asserting that the UN Commission on Human Rights is not the forum to settle the East Timor question.Mr.

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Wed, 06 May 1998

JP/Drivers strike over confusion about new fares

Drivers strike over confusion about new fares JAKARTA (JP): Hundreds of Angkot public minivan drivers went on strike yesterday here and in Tangerang, apparently in confusion over the new tariffs they are allowed to charge following the government's decision to increase fuel prices by up to 71 ...

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Wed, 06 May 1998

JP/Conversion Rates

Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on May 5, 1998: Buying Selling Rp Rp U.S dollar 1 7,750.00 8,500.00Austrian shilling 1 587.

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Wed, 06 May 1998

JP/Regional soil study workshop opened

Regional soil study workshop opened BOGOR, West Java: RTM Sutamihardja, special assistant to the minister of environment, yesterday opened a regional training workshop on the impacts of global soil changes.

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Wed, 06 May 1998

JP/Rp 1t allocated for labor projects

Rp 1t allocated for labor projects JAKARTA (JP): The Ministry of Manpower has allocated almost Rp 1 trillion (US$125 million) to employ jobless people in labor intensive programs in all 27 provinces.Minister of Manpower Theo L.

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Wed, 06 May 1998

JP/Keep violence at bay

Keep violence at bay Although the deepening of the feeling of popular dissatisfaction that has come in the wake of Monday's fuel price hike was more or less expected, a word of concern is appropriate at this point regarding the turn which developments appear to be taking.

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Wed, 06 May 1998

JP/Reforms are allowed

Reforms are allowed Now it is clear: there is nothing wrong with the idea that reforms are a necessity.

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Wed, 06 May 1998

JP/Beauty of mind, not body, begets appeal

Beauty of mind, not body, begets appealBy Yogita Tahil Ramani JAKARTA (JP): Many women would likely reject the idea that today's woman is incapable of handling everything alone.But the director of the Indonesian franchisee of The Body Shop, Suzy Hutomo, psychologist Niniek L.

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Wed, 06 May 1998

JP/RP's VP Estrada not a presidential surety

RP's VP Estrada not a presidential surety As the Philippine presidential election enters the final stretch, movie actor and Vice President Joseph Estrada is all set to win, if opinion polls are to be believed.

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Wed, 06 May 1998

JP/PT PLN to lose $287m despite rate increase

PT PLN to lose $287m despite rate increase JAKARTA (JP): State electricity company PLN projects a loss of Rp 2.3 trillion (US$287 million) this year despite the huge increase in electricity tariffs, the company said yesterday.

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Wed, 06 May 1998

JP/RI women still facing discrimination: Scholars

RI women still facing discrimination: Scholars JAKARTA (JP): Female scholars charged yesterday that Indonesian law is still largely biased toward men and that 14 years after the country ratified the United Nations convention on women, gender discrimination is still prevalent.

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Wed, 06 May 1998

JP/TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:30 Music 2:35 Children's Film: White Lies 3:05 Family's Film: Road to Avonlea 4:00 Regional News 4:30 Teen Program: Remaja Indonesia 5:00 Teen Drama: Nyanyian Hati 5:30 Education Quiz: Cepat Tepat 6:05 My Country: Rona Nusantara 6:15 ...

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Wed, 06 May 1998

JP/RI confident ahead of Thomas, Uber Cups

RI confident ahead of Thomas, Uber Cups JAKARTA (JP): The Indonesian teams are convinced they are ready to retain the Thomas Cup and Uber Cup badminton championships in Hong Kong from May 15 to May 24.

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Wed, 06 May 1998

JP/Three top forestry officials replaced

Three top forestry officials replaced JAKARTA (JP): Minister of Forestry and Plantations Sumahadi has replaced three of the seven officials in the ministry's top echelon.

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Wed, 06 May 1998

JP/Most people against sticker system: Poll

Most people against sticker system: Poll JAKARTA (JP): A poll held by the Indonesian Consumers Foundation (YLKI) last week on the city administration's plan to implement the traffic sticker system showed that the vast majority of people opposed it.

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