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

Wed, 08 Dec 1999

JP/Soeharto named suspect in graft investigation

Soeharto named suspect in graft investigation JAKARTA (JP): Attorney General Marzuki Darusman said on Tuesday that former president Soeharto was fit enough and would be questioned as a suspect in alleged corruption during his 32 years in power.

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Wed, 08 Dec 1999

JP/Singing the blues on a Jakarta city bus

Singing the blues on a Jakarta city busBy Stevie Emilia JAKARTA (JP): Paying more normally allows one to get better service. But do not expect this universal adage is valid when you ride a Jakarta city bus.Take this example.

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Wed, 08 Dec 1999

JP/Security guard dies fighting off robbers

Security guard dies fighting off robbers JAKARTA (JP): A security guard lost his life while trying to defend two robbery victims against 15 armed robbers in the Suka Damai subdistrict of Serang, Bekasi, early Tuesday morning, city police spokesman said.Lt. Col.

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Wed, 08 Dec 1999

JP/Mayor gets promises instead of money

Mayor gets promises instead of money JAKARTA (JP): Disappointed with the city's poor tax revenue, Central Jakarta Mayor Andi Subur Abdullah led a team on Tuesday visiting companies notorious for not paying their land and building taxes.

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Wed, 08 Dec 1999

JP/Shuttler allegedly swindled of Rp 400m

Shuttler allegedly swindled of Rp 400m JAKARTA (JP): Legendary retired shuttler Rudy Hartono Kurniawan lodged on Monday a complaint with city police, after allegedly being swindled of Rp 400 million (US$57,142), an officer at the city police complaint center said on Tuesday.

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Wed, 08 Dec 1999

JP/Death penalty in Greece

Death penalty in Greece Regarding an article published on Dec. 4 in your esteemed newspaper titled "22 Indonesians may face death penalty in Greece", I would like to inform you of the following:Greece has abolished the death penalty.

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Wed, 08 Dec 1999

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Dec. 07, 1999: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo ...

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Wed, 08 Dec 1999

JP/Where to go in Surabaya:

Where to go in Surabaya:Exhibition * Painting Exhibition, at the gallery of CCCL - French Cultural Center, Jl. Darmokali 10 (Phone: 031 5678639), until Dec. 11.Performances * Children's Pantomime, by students of SMUK Frateran, at CCCL - French Cultural Center, Jl.

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Wed, 08 Dec 1999

JP/TV today

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

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Wed, 08 Dec 1999

JP/GAM's useless armed struggle

GAM's useless armed struggle Various mass media in the capital have recently carried large pictures of Free Aceh Movement (GAM) personnel, including women and children, touting their guns as if ready for battle against the Indonesian Military (TNI).

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Wed, 08 Dec 1999

JP/Peat land project

Peat land project The facts show that the one-million hectare peat land development project has totally failed. Billions of rupiah have gone down the drain. The nation has suffered losses several times over; we have lost natural resources and the biodiversity of millions of hectares of land.

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Wed, 08 Dec 1999

JP/Susanto becomes National Master

Susanto becomes National Master JAKARTA (JP): Young chess player Susanto Megaranto earned the National Master title after collecting on Monday a total of six points in the McDonald Chess Master Circuit at Bekasi.Susanto is from the Dream Team.

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Wed, 08 Dec 1999

JP/Prostitutes move to Tangerang

Prostitutes move to Tangerang TANGERANG (JP): Just a few days prior to the closure of the Kramat Tunggak brothel complex in North Jakarta on Wednesday, a number of prostitutes have reportedly moved their operations to the border area in Tangerang.

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Wed, 08 Dec 1999

JP/Unitary vs federal systems sized up

Unitary vs federal systems sized up JAKARTA (JP): Aceh wants a referendum, East Kalimantan and Riau a federal system and Irian Jaya is seeking outright independence. Most other provinces want to keep the present unitary system of government, albeit with greater regional autonomy.

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Wed, 08 Dec 1999

JP/Drug busts no gauge of prevalence, police admit

Drug busts no gauge of prevalence, police admit JAKARTA (JP): City police have recorded 412 drug cases in the first seven months of this year, an officer said on Tuesday.Jakarta Police spokesman Lt. Col.

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Wed, 08 Dec 1999

JP/Call waiting

Call waiting On Nov. 11 PT Telkom sent me a letter on the "call waiting" facility. It says that the facility is offered free of charge to a selected number of subscribers during three months starting Nov. 1.

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Wed, 08 Dec 1999

JP/Forki sets sights on SEA Games 2001

Forki sets sights on SEA Games 2001 JAKARTA (JP): The Indonesian Karate-Do Federation (Forki) announced on Tuesday plans to establish a centralized training center to prepare national karatekas for the 2001 Southeast Asian (SEA) Games in Kuala Lumpur.

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Wed, 08 Dec 1999

JP/The capital market versus the banking system

The capital market versus the banking systemBy I Putu Gede Ary Suta This is the first of two articles on the capital market and the government's privatization policy. JAKARTA (JP): To sustain national employment, we must finance an expanding industrial and commercial infrastructure.

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Wed, 08 Dec 1999

JP/Mob kills alleged playboy

Mob kills alleged playboy GROBOGAN, Central Java: Residents beat a man, identified as Sukardi, 27, to death on Monday for allegedly sleeping with a number of married women in Sidoarjo village here.

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Wed, 08 Dec 1999

JP/Ramadhan fasting month to start on Thursday

Ramadhan fasting month to start on Thursday JAKARTA (JP): After meeting with representatives of major Islamic organizations on Thursday, the government announced the Muslim fasting month of Ramadhan would begin on Thursday as widely expected.

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Wed, 08 Dec 1999

JP/An appeal for corporate democracy

An appeal for corporate democracyBy Rochman Achwan JAKARTA (JP): In the very near future, Indonesia will enter a new and difficult era on the road towards becoming an economic and political democracy.The signs are visible.

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Wed, 08 Dec 1999

JP/Indonesia vows to avoid war crimes court

Indonesia vows to avoid war crimes court JAKARTA (JP): Foreign minister Alwi Shihab said on Tuesday Indonesia would not allow its generals to be tried overseas.

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Wed, 08 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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Wed, 08 Dec 1999

JP/Where to go in Bandung:

Where to go in Bandung: * Painting Exhibition: Monologue, by I Made Arya Palguna, at Galeripadi Jl. Ir. H. Juanda 329 (Phone: 022 2500578/2504229), until Dec. 19. * Photo Exhibition by Lee Yanor, at Galeri Soemardja, Art and Design Faculty of ITB, Jl. Ganesha 10, 9 a.m. to 4 p.m., until Dec. 17.

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Wed, 08 Dec 1999

JP/Indofood sees higher profit

Indofood sees higher profit JAKARTA (JP): Publicly-listed food maker PT Indofood Sukses Makmur expects a net profit of about Rp 1 trillion (about US$142.85 million) this year if the exchange rate of the rupiah against the U.S.

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Wed, 08 Dec 1999

JP/TNT's new Bali branch

TNT's new Bali branch JAKARTA (JP): Freight company TNT Indonesia/PT Skypak International opened a new branch office in Bali on Tuesday anticipating more exports from the province.The company said exports from Bali had increased by an average of 15 percent for the past five years.

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Wed, 08 Dec 1999

JP/Govt to continue controversial social safety net program

Govt to continue controversial social safety net program JAKARTA (JP): The government announced on Tuesday that it would continue the controversial social safety net program, but stressed that it would renegotiate with the World Bank and other donors to revise the distribution methods and program ...

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Wed, 08 Dec 1999

JP/Bank Indonesia declares its readiness for millennium bug

Bank Indonesia declares its readiness for millennium bug JAKARTA (JP): Bank Indonesia (BI) assured on Tuesday there would be no glitches in domestic banking transactions in entering the new millennium, but added it was armed with a contingency plan just in case.

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Wed, 08 Dec 1999

JP/UK trade mission in town

UK trade mission in town JAKARTA (JP): A high level business delegation from Britain began a two-day visit to Jakarta on Tuesday to seek new business opportunities, the British embassy said.

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Wed, 08 Dec 1999

JP/Mahadi sees four problems in sports development

Mahadi sees four problems in sports development JAKARTA (JP): State Minister of Youth Affairs and Sports Mahadi Sinambela said on Tuesday fund-raising remained a major impediment to developing sports in the country.

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Wed, 08 Dec 1999

JP/Beijing snuffs out HK's piece of democracy

Beijing snuffs out HK's piece of democracy In real democracy, the voters chose representatives who then run or exercise control over the government.

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Wed, 08 Dec 1999

JP/Policeman stabbed to death, another wounded in Aceh

Policeman stabbed to death, another wounded in Aceh BANDA ACEH, Aceh (JP): An unidentified man stabbed two on-duty policemen in a stall in Peureulak subdistrict in East Aceh on Tuesday, killing one of them.

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Wed, 08 Dec 1999

JP/DPR demands action on tainted CPO

DPR demands action on tainted CPO JAKARTA (JP): The House of Representatives criticized the government on Tuesday for its handling of the contamination of crude palm oil exports from North Sumatra.

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Wed, 08 Dec 1999

JP/BI temporarily suspends Bank Putera's clearing activities

BI temporarily suspends Bank Putera's clearing activities JAKARTA (JP): Bank Indonesia has temporarily suspended the clearing activities of Bank Putera after the bank's account balance at the central bank hit the negative area.

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Wed, 08 Dec 1999

JP/Indonesian swimmers aim to be number one in Asia

Indonesian swimmers aim to be number one in Asia JAKARTA (JP): Indonesian swimmer Richard Sam Bera expressed hope that the national men's 4x100m relay team would be able to reach its ambitious goal to be the best in Asia.

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Wed, 08 Dec 1999

JP/Military warns of worse conflicts in Maluku

Military warns of worse conflicts in Maluku JAKARTA (JP): Sectarian strife in Maluku has expanded and escalated into a full-blown conflict between Muslims and Christians, Lt. Gen. Suaidi Marasabessy warned on Tuesday.

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Wed, 08 Dec 1999

JP/Alwi lays out routes for Indonesian-Israeli trade ties

Alwi lays out routes for Indonesian-Israeli trade ties JAKARTA (JP): Although a plan to open trade ties with Israel has been postponed, Minister of Foreign Affairs Alwi Shihab said on Tuesday trade between the two states would continue to increase.

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Wed, 08 Dec 1999

JP/Some schools opt to stay open during Ramadhan

Some schools opt to stay open during Ramadhan JAKARTA (JP): Most privately run schools in the capital have decided not to follow the government's call to suspend classes during the fasting month of Ramadhan.

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Wed, 08 Dec 1999

JP/Kiani Kertas' debts to be restructured

Kiani Kertas' debts to be restructured JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) expects to complete restructuring the debts of PT Kiani Kertas, a pulp manufacturer owned by Mohamad "Bob" Hasan, within six months.

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Wed, 08 Dec 1999

JP/Indonesia's team faces critical challenges

Indonesia's team faces critical challengesBy Jusuf Wanandi JAKARTA (JP): It is a general consensus to date, that the Abdurrahman Wahid-Megawati Soekarnoputri combination as President and Vice President is the best combination of leaders the country could have at this juncture.

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Wed, 08 Dec 1999

JP/Police investigate fatal altercation on ITI campus

Police investigate fatal altercation on ITI campus TANGERANG (JP): Local police detectives are still looking for the main suspects in a vicious fight between students of different schools of the Indonesian Institute of Technology (ITI) in Serpong that cost the life of one student.

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Wed, 08 Dec 1999

JP/State banks form lenders club to deal with Texmaco debts

State banks form lenders club to deal with Texmaco debts JAKARTA (JP): Creditors of the Texmaco Group textile conglomerate have agreed to form a "lenders club" in a bid to resolve the group's huge debt problem to four state banks and the Indonesian Bank Restructuring Agency (IBRA), Minister of ...

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Wed, 08 Dec 1999

JP/DHL launches new service

DHL launches new service JAKARTA (JP): PT Birotika Semesta/DHL Worldwide Express launched on Tuesday a new delivery service especially designed for the banking and finance industry.

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Wed, 08 Dec 1999

JP/Surgery a boon for people with facial deformities

Surgery a boon for people with facial deformities JAKARTA (JP): Being born with facial deformities would have meant a sad future for baby boy Gilang and teenager Danisih only a few years ago.

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Wed, 08 Dec 1999

JP/Garuda questions government's plan to deal with SIA

Garuda questions government's plan to deal with SIA JAKARTA (JP): State-owned flag carrier Garuda Indonesia questioned on Tuesday the government's plan to invite Singapore Airlines (SIA) to help manage the airline operator."We need clarification from the government on the matter.

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Wed, 08 Dec 1999

JP/Doctors donate their time to treat poor patients

Doctors donate their time to treat poor patientsBy Emma Cameron JAKARTA (JP): Around 150 people sit on the wooden benches in the heat, being patient because they have no other choice.

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Wed, 08 Dec 1999

JP/Nearly 50 kgs of ganja seized

Nearly 50 kgs of ganja seized PEKALONGAN, Central Java: Local police have seized a total of 47.9 kilograms of dried marijuana and arrested two alleged drug dealers in separate raids here and in Purwokerto, police chief Lt. Col. Taufik Ridwan said on Tuesday.

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Wed, 08 Dec 1999

JP/Car buying sparks protest

Car buying sparks protest TANGERANG (JP): Tangerang Mayor Mochammad Thamrin's decision to purchase 17 official cars worth more than Rp 3 billion (US$416,700) for the mayoralty's councillors sparked a protest on Monday from members of the Pemuda Pancasila youth organization.

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Wed, 08 Dec 1999

JP/Say a little prayer

Say a little prayer On Wednesday night, most Indonesian Muslims will throng mosques around the country for the taraweh prayers, kicking off the Ramadhan holy month.

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Wed, 08 Dec 1999

JP/Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on Dec. 07, 1999: Bank notes rates Buying Selling Rp Rp U.S. dollar 1 7,132.00 7,204.00Australian dollar 1 4,518.

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Wed, 08 Dec 1999

JP/Wealth investigation commission

Wealth investigation commission A 50-member wealth investigation commission will be set up by May 19, 2000 -- six months after the enforcement on Nov. 19 of Law No. 28/1999 on Anti Collusion, Corruption and Nepotism.

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Wed, 08 Dec 1999

JP/Novanto pledges commitment to KONI

Novanto pledges commitment to KONI JAKARTA (JP): National Sports Council (KONI) treasurer Setya Novanto promised to continue his work as the council's treasurer despite his alleged involvement in the Bank Bali scandal.

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Wed, 08 Dec 1999

JP/Elementary schools facing closure

Elementary schools facing closure PURBALINGGA, Central Java: At least 43 state elementary schools here may be shut due to a lack of students, a local official of the education ministry said on Tuesday.

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Wed, 08 Dec 1999

JP/138 escapees back in jail

138 escapees back in jail DENPASAR, Bali: After a two-day manhunt, 138 prisoners who fled Krobokan Penitentiary near Kuta on Sunday have been recaptured or returned voluntarily.There are 132 inmates who remain on the run.

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Wed, 08 Dec 1999

JP/Soeharto 'intervened in Texmaco loan'

Soeharto 'intervened in Texmaco loan' JAKARTA (JP): Onetime Bank Indonesia governor Soedradjad Djiwandono admitted late Tuesday that former president Soeharto intervened in the disbursement of the central bank's preshipment trade facilities to exporters, including the giant textile ...

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Wed, 08 Dec 1999

JP/Amien says PAN split over poor poll showing

Amien says PAN split over poor poll showing JAKARTA (JP): National Mandate Party (PAN) chairman Amien Rais admitted on Tuesday that several members of the party would quit over disappointment with the party's poor performance in June's general election."I've heard about it.

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