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

Thu, 07 Apr 1994

JP/Time ripe for NU to return to politics: Scholar

Time ripe for NU to return to politics: Scholar JAKARTA (JP): A political observer feels that the time is right for Nahdlatul Ulama (NU), Indonesia's largest Moslem organization, to return to the political arena which it abandoned 10 years ago.

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Thu, 07 Apr 1994

JP/Post-Cold War nuclear proliferation

Post-Cold War nuclear proliferation By Marty Natalegawa Jakarta (JP): The continuing uncertainty over North Korea's suspected nuclear program has shown how unfounded were the hopes that the end of the Cold War would reduce the world's preoccupation with nuclear issues.

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Thu, 07 Apr 1994

JP/All teams arrive for soccer c'ship

All teams arrive for soccer c'ship JAKARTA (JP): All seven visiting teams have arrived for the intercity amateur soccer championship finals, which kick off tomorrow, while a flux of fanatic supporters are not far behind.

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Thu, 07 Apr 1994

JP/JAKARTA (JP): Minister of Public Housing Akbar Tandjung said

JAKARTA (JP): Minister of Public Housing Akbar Tandjung said yesterday that the property business here is quite promising since Jakarta residents prefer to buy houses in real estate complexes rather than build houses of their own.

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Thu, 07 Apr 1994

JP/China urges US to delink human rights from trade

China urges US to delink human rights from trade BEIJING (AFP): China urged the United States yesterday to remove "man-made obstacles" to developing commercial ties, reiterating that linking trade with issues such as human rights would hinder US access to the China market.

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Thu, 07 Apr 1994

JP/Pound gains further on foreign reserves data

Pound gains further on foreign reserves data LONDON (UPI): The pound gained ground against the German mark and the dollar yesterday, supported by the release of March official foreign currency data that showed a smaller than expected drop.

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Thu, 07 Apr 1994

JP/Putting it briefly

Putting it briefly Father and son battle at Sentul JAKARTA (JP): Auto racing fans will witness a rare battle for top honors between father and son when the two 'arch rivals' rev up their engines in the '94 Mesran F-1 enduro race at the nearby Sentul racetrack on Sunday.

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Thu, 07 Apr 1994

JP/Telkom to get $400 million in loans from WB

Telkom to get $400 million in loans from WB JAKARTA (JP): The World Bank will extend loans of US$400 million to the state-owned domestic telecommunications company PT Telekomunikasi Indonesia (Telkom) next year, an executive says.

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Thu, 07 Apr 1994

JP/Jakarta rivers

Jakarta rivers not properly cleaned Yesterday, Jakarta mayors complained about the poor job private contractors were doing in cleaning the city's rivers.North Jakarta mayor Suprawito complained that contractors only submerge floating garbage instead of removing it from the rivers.

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Thu, 07 Apr 1994

JP/Rescue the farmers!

Rescue the farmers! Indonesian farmers, especially those in the East, Central and West Java, have been facing disasters such as floods and plant diseases which destroy their crops. More than 40,000 hectares of crops have failed.

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Thu, 07 Apr 1994

JP/RI pushes new category for UNSC membership

RI pushes new category for UNSC membership JAKARTA (JP): Indonesia is pushing for a new category in the United Nations Security Council to redress what they see as the overriding power of the five permanent members.

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Thu, 07 Apr 1994

JP/Moscow children say they have killed at least six

Moscow children say they have killed at least six By Vanora Bennett MOSCOW (Reuter): The Yakovlev brothers -- aged 10, 12, 13 and 14 -- have shaven heads and bright eyes. They live in indescribable squalor in a concrete wasteland suburb and say they have killed at least half a dozen people.

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Thu, 07 Apr 1994

JP/IMF warns of further U.S. interest rate rise

IMF warns of further U.S. interest rate rise WASHINGTON (Reuter): The IMF has warned the United States that it will probably have to further raise short-term interest rates in the future to help hold inflation in check and keep economic growth on track, international monetary sources said.

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Thu, 07 Apr 1994

JP/Bureaucratic inefficiency hampers growth of mining industry

Bureaucratic inefficiency hampers growth of mining industry JAKARTA (JP): A leading businessman believes that the extensive bureaucracy at the mining and energy offices is responsible for the reluctance of project financiers to back mine construction.

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Thu, 07 Apr 1994

jp/B

B JP/09 THERE GOES THE NEIGHBORHOOD: Atika Shahab and her children stare at their war-zone-like neighborhood after the area's developer, PT Kuningan Persada, appropriated most of the plots belonging to their neighbors.

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Thu, 07 Apr 1994

JP/Photo

Photo JP/alxINVESTMENT SECURITY: Dutch Foreign Minister P.H. Kooijmans (left) whispers to his Indonesian counterpart Ali Alatas after signing an agreement on promotion and protection of investments.

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Thu, 07 Apr 1994

JP/Indonesian spinners cannot use U.S. credit guarantee

Indonesian spinners cannot use U.S. credit guarantee JAKARTA (JP): Although the United States is looking to maintain and increase in its cotton sales to Indonesia with assistance to local yarn producers, government regulations bar spinning firms to use the aid.

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Thu, 07 Apr 1994

jp/Jakarta gets

Jakarta gets 250 more taxis The city-owned Greater Jakarta Taxi Drivers Cooperative, Kosti Jaya, has added 250 new taxis and 100 refurbished ones into its fleet, making the total number of its operating vehicles 1,250.

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Thu, 07 Apr 1994

JP/RI's changing demographics: pros and cons

RI's changing demographics: pros and cons JAKARTA (JP): Indonesia has undergone sweeping demographic changes over the past 25 years thanks to its highly successful family planning program, population experts say.

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Thu, 07 Apr 1994

JP/Garuda Indonesia recruits 19 Timorese technicians

Garuda Indonesia recruits 19 Timorese technicians BANDUNG (JP): Flag carrier Garuda Indonesia yesterday recruited 19 East Timorese who have just completed a one-year training course on aircraft maintenance with the Air Force.

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Thu, 07 Apr 1994

JP/Where to go in Jakarta, April 7

Where to go in Jakarta, April 7Jangan hapus: Dai-ichi Hotel, JAMZ Musico The Aryaduta Jakarta, Jl. Prapatan 44-48, Central Jakarta: - Ambassador Lounge: Amir (pianist) Monday to Friday 7:30 a.m. to 9:30 a.m., Saturday 8 a.m. to 10 a.m.; Boece (pianist) & Rima Monday to Thursday 7 p.m. to 11:30 p.

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Thu, 07 Apr 1994

JP/Non-oil exports fall for the first time

Non-oil exports fall for the first time JAKARTA (JP): For the first time in ten years Indonesia's non- oil exports have declined, raising concerns in a cabinet meeting on economy at the Bina Graha presidential office here yesterday.

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Thu, 07 Apr 1994

JP/Angry mob attacks government office

Angry mob attacks government officeTANGERANG (JP): Dozens of local public transit drivers destroyed the offices of the Tangerang Revenue Office in front of the Karawaci-Kebon Jeruk exit tollgate on Jl. Karawaci Raya here yesterday morning.

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Thu, 07 Apr 1994

JP/TV Today: Thursday, April 7

TV Today: Thursday, April 7TV todayTVRI 2:30 p.m. TV Series: Tarzan 3:05 Children Program 3:30 TV Series: The Sword of Tipu Sultan 4:30 Scouts' Program 5:00 Regional News 5:30 Arabic Lessons 6:05 Nusantara the Beloved Country: Bengkulu 6:15 Village Program 6:25 Koran Recital 6:35 ...

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Thu, 07 Apr 1994

JP/JAKARTA (JP): Dozens of families remain living in and

JAKARTA (JP): Dozens of families remain living in and defending their war-zone-like neighborhood in Guntur sub- district, South Jakarta, amid escalating tension between the residents and the area's developer, PT Kuningan Persada.In a bid to construct the 24-hectare Empire Tower on Jl.

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Thu, 07 Apr 1994

JP/Jakarta's preservation efforts enter 21st year

Jakarta's preservation efforts enter 21st year By Amir Sidharta [10 pts ML] JAKARTA (JP): Twenty years have passed since restoration work on Taman Fatahilah and the Jakarta History Museum was completed.

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Thu, 07 Apr 1994

JP/Harmoko must work hard for clean government: Politicians

Harmoko must work hard for clean government: Politicians By Santi WE Soekanto JAKARTA (JP): Golkar chairman Harmoko may have set himself too ambitious a task when he pledged that the ruling political group will fight for clean government.

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Thu, 07 Apr 1994

JP/Jobless rate expected to ease interest rate fears

Jobless rate expected to ease interest rate fears By David Williams SYDNEY (AFP): Australia's impending jobless figures should calm jittery financial markets by delivering the sought-after news that economic growth is not accelerating, analysts said yesterday.

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Thu, 07 Apr 1994

JP/China's move against dissident shows power of ideas

China's move against dissident shows power of ideas By David Schlesinger BEIJING (Reuter): China's latest move against its most prominent dissident shows Wei Jingsheng's potency as a symbol of democratic pressures.

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Thu, 07 Apr 1994

JP/Import tariffs restructured

Import tariffs restructured JAKARTA (JP): The government has fully adjusted the classification of import goods into the new version of the Harmonized System Convention.

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Thu, 07 Apr 1994

JP/Wijetunga now tough-talking Sri Lankan president

Wijetunga now tough-talking Sri Lankan president By Feizal Samath COLOMBO (Reuter): Nearly a year after becoming a makeshift replacement as Sri Lankan president, mild-mannered Dingiri Banda Wijetunga is proving people wrong about his intentions.

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Thu, 07 Apr 1994

JP/Uruguay Round: No time for celebrations yet, economists say

Uruguay Round: No time for celebrations yet, economists say By Jan Kristiansen PARIS (AFP): Four months after the conclusion of the long- awaited GATT world trade pact, to be signed in Marrakesh next week, international economists are taking a more realistic view of its immediate impact.

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Thu, 07 Apr 1994

JP/Accounting standard introduced for forest management

Accounting standard introduced for forest management JAKARTA (JP): The draft of an accounting standard specially designed for forest concessionaires has been introduced to businessmen to supplement the general principles of accounting which have been applied by the Association of Indonesian ...

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Thu, 07 Apr 1994

JP/GATT sees trade growth of up to five percent in 1994

GATT sees trade growth of up to five percent in 1994 GENEVA (Reuter): World trade should expand by 2.5 to five percent this year, depending on the extent and timing of economic recovery in Japan and Western Europe, the GATT trade body forecast yesterday.

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Thu, 07 Apr 1994

JP/Abebe won't promise world record at 10K race

Abebe won't promise world record at 10K race JAKARTA (JP): The world best road racer Addis Abebe of Ethiopia promised no new record for his title defense attempt at the 10-kilometer run here on Sunday.

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Thu, 07 Apr 1994

JP/New York private eyes hunt Tansil's wealth

New York private eyes hunt Tansil's wealth JAKARTA (JP): Minister of Finance Mar'ie Muhammad confirmed yesterday that he had hired the services of an American detective agency to hunt some of the assets belonging to Eddy Tansil, the man at the center of a $620 million corruption investigation.

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Thu, 07 Apr 1994

JP/Minister holds up recommendation for Djajanti's share issue

Minister holds up recommendation for Djajanti's share issue JAKARTA (JP): Minister of Forestry Djamaloedin Soeryohadikoesumo will not recommend a share issue for PT Artika Optima Inti (AOI) unless the Djajanti Group's wood panel manufacturer is able to fulfill its forest concession obligations ...

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Thu, 07 Apr 1994

JP/Australian business reap rewards of early start in Vietnam

Australian business reap rewards of early start in Vietnam By Robert Templer HANOI (AFP): Alone in the dusty scrubland of an abandoned U.S.

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Thu, 07 Apr 1994

JP/KOTA IN JAKARTA, A LEGACY WORTH PRESERVING

KOTA IN JAKARTA, A LEGACY WORTH PRESERVINGBy Carla Bianpoen [10pt ML] JAKARTA (JP): While the city of Jakarta is rapidly becoming a giant metropolis, and the development of the city is requiring more space to provide social, economic and cultural facilities, there is a growing awareness that ...

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Thu, 07 Apr 1994

JP/Russian industrial output slumps 27.1 percent

Russian industrial output slumps 27.1 percent MOSCOW (Reuter): Russia announced yet another catastrophic slump in industrial output yesterday, belying rosy estimates by top government officials that economic stabilization may be just around the corner.

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Thu, 07 Apr 1994

JP/JAKARTA (JP): Prices on the Jakarta Stock Exchange (JSX)

JAKARTA (JP): Prices on the Jakarta Stock Exchange (JSX) continued to plummet yesterday despite a sign of recovery on other Asian markets.The broad-based Composite Index lost another seven points to close at 473.96, the lowest level since October last year.

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Thu, 07 Apr 1994

JP/VISITING POLISH ABSTRACT PAINTER CAPTIVATED BY MODERN INDONESIA

VISITING POLISH ABSTRACT PAINTER CAPTIVATED BY MODERN INDONESIABy Hanka Kawecka-Lee [10pt ML] JAKARTA (JP): The Polish painter Jozef Kulesza says he is enchanted by Indonesia and flabbergasted by the progress it has made in the past 40 years.

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Thu, 07 Apr 1994

JP/

Dutch Prime Minister cuts visit short JAKARTA (JP): Dutch Prime Minister Ruud Lubbers flew home last night, unexpectedly ending his visit to Indonesia because of what has been described as a precarious political situation at home.Lubbers, however, left behind his foreign minister, P.H.

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Thu, 07 Apr 1994

JP/JAKARTA (JP): The city police strongly denied yesterday

JAKARTA (JP): The city police strongly denied yesterday reports that the Metromini driver whose bus plunged into the Sunter river in North Jakarta on March 6 had been arrested."The man arrested in Dairi, North Sumatra, was not the wanted driver," Lt. Col. A.

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Thu, 07 Apr 1994

JP/Your Letters

Your Letters Tourist industry I would like to bring your attention to the prevailing economic situation in Indonesia and how we can all help to improve it.Tourism, as we all know, is quite an important industry in Indonesia.

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Thu, 07 Apr 1994

JP/Bundesbank cuts money market rate, but pace slows

Bundesbank cuts money market rate, but pace slows FRANKFURT (Reuter): The Bundesbank gingerly nudged German money market rates lower yesterday but the tiny cut reflected a slowing in the pace of recent declines.

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Thu, 07 Apr 1994

JP/Across the Archipelago

Across the ArchipelagoBalinese celebrate Galungan Day DENPASAR, Bali: Indonesia's Hindu community, especially those living in Bali, celebrated Galungan, marking the victory of good over evil, yesterday.

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Thu, 07 Apr 1994

JP/Warning on Indonesian debts

Warning on Indonesian debts Coordinating Minister for Economy and Finance Saleh Afiff's warning on Indonesia's foreign debts which have reached a total of US$90 billion is quite encouraging.

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