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

Tue, 07 Dec 1999

JP/Rahardi reelected as swimming body chairman

Rahardi reelected as swimming body chairman JAKARTA (JP): Rahardi Ramelan was unanimously reelected chairman of the Indonesian Swimming Federation (PRSI) for a second four-year term in the two-day national congress which ended on Monday.

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Tue, 07 Dec 1999

JP/Banten: Home of nature, wildlife and marine life

Banten: Home of nature, wildlife and marine lifeBy I. Christianto JAKARTA (JP): Many people have heard of Ujung Kulon National Park, an amazing area of diversity in West Java.

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Tue, 07 Dec 1999

JP/Ministers of honor and honesty

Ministers of honor and honesty The hardest and most pressing problems that the new administration must address without delay and with tangible results are the economic recovery and the alleviation of poverty.

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Tue, 07 Dec 1999

JP/Rudy beats national player in c'ship

Rudy beats national player in c'ship SEMARANG (JP): Former member of the national badminton center, Ignatius Rudy, was the surprising winner over national second stringer Yudi Suprayogi in the men's senior singles final of the 1999 national badminton championship at Jatidiri Stadium here ...

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Tue, 07 Dec 1999

JP/Rebuilding educational links between Indonesia and Australia

Rebuilding educational links between Indonesia and AustraliaBy Emma Cameron JAKARTA (JP): Australia made about A$380 million (US$240 million) from Indonesian students studying in Australia in 1998.

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Tue, 07 Dec 1999

JP/Wicaksana books higher sales

Wicaksana books higher sales JAKARTA (JP): PT Wicaksana Overseas International announced on Monday a 50 percent increase in net sales to Rp 1.92 trillion (about US$271.4 million) during the nine months ending in September.The company said its gross profit reached a total of Rp 151.

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Tue, 07 Dec 1999

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Dec. 06, 1999: Shares Close Change Trading Volume ---------------------------------------------------------------- Ades Alfindo ...

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Tue, 07 Dec 1999

JP/Japan to help Indonesia's small and medium companies

Japan to help Indonesia's small and medium companies JAKARTA (JP): The Japan External Trade Organization (JETRO) pledged on Monday to help develop Indonesian small and medium enterprises which could support the relocation plans of Japanese factories to Indonesia.

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Tue, 07 Dec 1999

JP/Where should Indonesian agricultural policy go?

Where should Indonesian agricultural policy go? A debate has been raging on the course that Indonesian agricultural policy under the new government should be taking. The Jakarta Post talked to H.S. Dillon, executive director of the Center for Agricultural Policy Studies about the issue.

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Tue, 07 Dec 1999

JP/Government to negotiate with GAM: Wiranto

Government to negotiate with GAM: Wiranto JAKARTA (JP): Coordinating Minister for Political Affairs and Security Gen.

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Tue, 07 Dec 1999

JP/Government scales down 1999/2000 budget deficit estimate

Government scales down 1999/2000 budget deficit estimate JAKARTA (JP): Finance minister Bambang Sudibyo revised downward the 1999/2000 budget deficit to 3.75 percent of gross domestic product (GDP) from an earlier estimate of 4.8 percent.

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Tue, 07 Dec 1999

JP/A spiral of violence

A spiral of violence As the communal violence continues to drag on in the eastern Indonesian province of Maluku -- the former spice islands of the Moluccas -- it increasingly appears that even the authorities are at a loss on how to deal with the unrest that has so far claimed hundreds of lives.

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Tue, 07 Dec 1999

JP/Bogor to get new police chief

Bogor to get new police chief JAKARTA (JP): The seat of the Bogor Regional Police chief will be handed over to Col. Edi Darnadi, former Bone Regional Police chief in South Sulawesi, from Col. Hari Setyabudhi on Wednesday.The inauguration ceremony will be led by West Java Police chief Maj. Gen.

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Tue, 07 Dec 1999

JP/Madurese want own province

Madurese want own province SURABAYA: Religious and community leaders on Madura island have thrown their weight behind local people's demand for a separate province, an influential Muslim cleric said on Monday.

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Tue, 07 Dec 1999

JP/Jakartans told to end destructive acts

Jakartans told to end destructive acts JAKARTA (JP): Jakarta Police chief Maj. Gen. Noegroho Djajoesman called on Monday for city residents to refrain from committing any violent actions in order to preserve religious harmony.

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Tue, 07 Dec 1999

JP/Expert urges tighter control of 'halal' food

Expert urges tighter control of 'halal' food JAKARTA (JP): Importing countries should tighten controls on incoming food labeled halal (allowed under Islamic law) to verify the authenticity, an American Islamic organization executive said on Monday.

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Tue, 07 Dec 1999

JP/Medco, Mitsui sign oil deal

Medco, Mitsui sign oil deal JAKARTA (JP): Local oil and gas company PT Medco Energy Corp. Tbk signed on Monday a one-year contract to sell 5,475 million barrels of crude oil to Japanese trading company Mitsui.

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Tue, 07 Dec 1999

JP/Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on Dec. 06, 1999: Bank notes rates Buying Selling Rp Rp U.S. dollar 1 7,124.00 7,196.00Australian dollar 1 4,507.

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Tue, 07 Dec 1999

JP/Students and an antidrug stance

Students and an antidrug stance Why have students never staged demonstrations against narcotic and drug abuse, while they have staged demonstrations against the New Order, the holding of the special session of the People's Consultative Assembly (MPR), the referendum, the Law on State Security and ...

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Tue, 07 Dec 1999

JP/Man questioned for pen gun possession

Man questioned for pen gun possession JAKARTA (JP): Central Jakarta Police detectives are still questioning a 29-year-old man arrested on Thursday for possession of six pen guns and some 30 .22 caliber bullets without a police permit, an officer said on Monday.

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Tue, 07 Dec 1999

JP/Attorney general grills Baramuli for four hours

Attorney general grills Baramuli for four hours JAKARTA (JP): The former head of the Supreme Advisory Council, Arnold A. Baramuli, was questioned at the Attorney General's Office on Monday in connection with the Bank Bali scandal.

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Tue, 07 Dec 1999

JP/Counting the cost of antitrust actions

Counting the cost of antitrust actionsBy Christopher Lingle SYDNEY (JP); Antitrust lawyers working for the U.S. Justice Department must be happy with the recent ruling that found that Microsoft had misused its market power, branding it a monopoly.

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Tue, 07 Dec 1999

JP/Nightspots may operate during Ramadhan: Governor

Nightspots may operate during Ramadhan: Governor JAKARTA (JP): Governor Sutiyoso said on Monday that entertainment nightspots would be allowed to operate during the Muslim fasting month of Ramadhan if they had licenses to run their businesses.

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Tue, 07 Dec 1999

JP/126 escapees return to Krobokan prison

126 escapees return to Krobokan prison DENPASAR, Bali (JP): As many as 126 of 270 escapees have been returned to Bali's Krobokan Penitentiary, while visiting Minister of Law and Legislation Yusril Ihza Mahendra said on Monday nobody was to blame for the incident.

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Tue, 07 Dec 1999

JP/Bats take flight as 'Damar' trees die in Bogor garden

Bats take flight as 'Damar' trees die in Bogor garden BOGOR (JP): Dozens of Agathis (Araucareaceae) trees, most of which are hundreds of years old, at the Bogor Botanical Gardens are feared to be dead as a large number of their barks have been peeled away by visitors, who use them for amulets.

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Tue, 07 Dec 1999

JP/Police shoot two robbers

Police shoot two robbers JAKARTA (JP): North Jakarta Police detectives shot two men believed to have stolen thongs on Monday afternoon on Jl. Gedong Panjang in West Jakarta, an officer said.The officer, who requested anonymity, identified the robbers as Jumadi and Arif Firmansyah.

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Tue, 07 Dec 1999

JP/Five die as bus lurches into river

Five die as bus lurches into river SEMARANG: Five people died and 12 others were injured when a bus with 50 passengers plunged into a river in Pujut village in the Central Java regency of Batang regency on Sunday.Batang traffic police chief, First Lt.

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Tue, 07 Dec 1999

JP/Garuda forced to return to base

Garuda forced to return to base DENPASAR, Bali: Fifty minutes after take off, Garuda flight number GA-403 bound for Jakarta was forced to return to Ngurah Rai Airport due to engine trouble on Monday.

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Tue, 07 Dec 1999

JP/Israel and mosque burnings

Israel and mosque burnings With reference to Darul Aqsha's letter of Dec. 3, 1999, I observe that he points to zealots and crazed individuals.The state of Israel -- the government -- is not involved in burning mosques. Israel is building a mosque in Bethlehem.

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Tue, 07 Dec 1999

JP/Tempo pays off debts

Tempo pays off debts JAKARTA (JP): Publicly listed PT Tempo Scan Pacific paid off its debt to a syndicate of 13 foreign banks earlier than scheduled, the company announced here on Monday.

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Tue, 07 Dec 1999

JP/Australian Republic a long way off?

Australian Republic a long way off?By Myint Zan VICTORIA, Australia (JP): Australian Prime Minister John Howard recently had an 'audience' -- as some Australian media outlets described the meeting -- with Her Majesty Queen Elizabeth II at the Commonwealth Heads of Governments Meeting in ...

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Tue, 07 Dec 1999

JP/Rates for tax payment, valid from Dec. 06 to Dec. 12

Rates for tax payment, valid from Dec. 06 to Dec. 12 U.S. dollar 1 Rp 7,260.00Austrian schilling 1 527.87Australian dollar 1 4,591.22Belgian franc 1 180.06Canadian dollar 1 4,900.44Swiss franc 1 4,546.

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Tue, 07 Dec 1999

JP/Indonesia to help maintain peace in South China Sea

Indonesia to help maintain peace in South China Sea JAKARTA (JP): Minister of Foreign Affairs Alwi Shihab reiterated on Monday Indonesia's commitment to help maintain stability in the South China Sea despite the country's financial shortage.

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Tue, 07 Dec 1999

JP/BDF Indonesia builds library for orphans

BDF Indonesia builds library for orphans JAKARTA (JP): The construction of an integrated library building, to be equipped with computers and books for orphans and unfortunate children, started on Monday in Cibubur, 20 kilometers south of Jakarta.

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Tue, 07 Dec 1999

JP/Federal state may be better choice

Federal state may be better choice The demand of the Acehnese to hold a referendum immediately poses a number of problems. On the one hand it is their right because of the atrocities they have experienced for the past 10 years at least.

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Tue, 07 Dec 1999

JP/Rp 50t may leave banking system

Rp 50t may leave banking system JAKARTA (JP): At least one-sixth of some Rp 300 trillion (about US$42,85 billion) could leave the banking system over the next year due to low interest rates, an economist predicted here on Monday.

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Tue, 07 Dec 1999

JP/Drug suspect Zarina tells her story from behind bars

Drug suspect Zarina tells her story from behind bars TANGERANG (JP): From Mawar (Rose) cell block number eight at the women's prison in Tangerang, west of Jakarta, drug suspect Zarina Mirafsur complained that it's tough to change people's minds about her."Nobody believes me.

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Tue, 07 Dec 1999

JP/1m hectares of forests destroyed PA

1m hectares of forests destroyed PA PEMALANG, Central Java: About one million hectares of tropical forest in the country are destroyed annually, Minister of Forestry and Plantations Nur Mahmudi Ismail said here on Monday."People have to stop destroying the forests.

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Tue, 07 Dec 1999

JP/C. Java loses mangrove forests

C. Java loses mangrove forests SEMARANG: About 94,000 hectares of mangrove forests in Central Java are dwindling and can no longer function as natural sea barriers, the provincial forestry office chief Hartiarto said on Monday.

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Tue, 07 Dec 1999

JP/Akbar denies conspiracy to topple government

Akbar denies conspiracy to topple government JAKARTA (JP): House of Representatives Speaker Akbar Tandjung denied on Monday there was a political conspiracy to discredit the "axis force" coalition of political parties and President Abdurrahman Wahid.

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Tue, 07 Dec 1999

JP/Girl gets 10 months for drug trafficking

Girl gets 10 months for drug trafficking JAKARTA (JP): A judge at the West Jakarta District Court sentenced on Monday a 13-year-old girl to 10 months in jail for trafficking 170 grams of marijuana."The defendant has been found guilty of violating chapter 82 of the 1997 Law on Narcotics," Judge M.

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Tue, 07 Dec 1999

JP/Drug dealer shot in Bogor

Drug dealer shot in Bogor BOGOR (JP): Local police shot an alleged drug dealer in his right leg after the man, identified as Mayer Gultom, 27, tried to escape a drug bust at his house in a small alley of Gg. Kutilang II in Gunung Batu, an officer said on Monday.

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Tue, 07 Dec 1999

JP/Restore old glory of Batavia

Restore old glory of Batavia While moving in and around the beautiful city of Jakarta, one can easily spot various bonfires, emitting "dense smoke". Tons of garbage is burned every day.

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Tue, 07 Dec 1999

JP/Soeharto inquiry reopened

Soeharto inquiry reopened JAKARTA (JP): The Attorney General's Office announced on Monday it was reopening the investigation into alleged corruption by former president Soeharto.

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Tue, 07 Dec 1999

JP/Ratih's job ranking causes an uproar

Ratih's job ranking causes an uproar JAKARTA (JP): State Secretary Ali Rahman was stumped on Monday after legislators questioned why Presidential Secretary Ratih Kaniawan Hardjono was accorded senior civil service ranking despite never having been a civil servant.

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Tue, 07 Dec 1999

JP/N. Korea proposes exchange of coaches and players with RI

N. Korea proposes exchange of coaches and players with RI JAKARTA (JP): The Indonesia-North Korea friendship institution has suggested an exchange of coaches and players in a bid to boost both countries' sports relationships.

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Tue, 07 Dec 1999

JP/TV today

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

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Tue, 07 Dec 1999

JP/Pick of the Flicks

Pick of the FlicksHollywood KC: End of Days 14:15 16:55 19:05 21:15 Bowfinger 14:55 17:35 19:45 21:55 Nightwatch 14:15 16:55 19:05 21:15 The Thomas Crown Affair 14:55 17:35 19:45 21:55 Inferno ...

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Tue, 07 Dec 1999

JP/Sofyan to lead new business council

Sofyan to lead new business council JAKARTA (JP): Businessman Sofyan Wanandi has been nominated to lead the National Business Development Council, which will assist President Abdurrahman Wahid with microeconomic issues, State Secretary Ali Rahman confirmed on Monday.

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Tue, 07 Dec 1999

JP/Calm restored in Ambon after bloody weekend

Calm restored in Ambon after bloody weekend AMBON, Maluku (JP): Calm returned to the riot-torn province on Monday following two consecutive days of communal clashes which claimed at least 31 lives.Businesses and schools reopened in Ambon as roadblocks were cleared.

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Tue, 07 Dec 1999

JP/Banks sustain operating loss of Rp 52.09t

Banks sustain operating loss of Rp 52.09t JAKARTA (JP): Indonesia's banks suffered a combined operating loss of 52.09 trillion (US$7.2 billion) in the year to October, compared to a total loss of Rp 177.50 trillion last year, Finance Minister Bambang Sudibyo said on Monday.

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