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

Tue, 09 May 2000

JP/Healthy climate essential to economic recovery

Healthy climate essential to economic recovery Economist Sri Mulyani Indrawati, a member of the National Economic Council (DEN), talked to The Jakarta Post about obstacles hampering the country's economic recovery.

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Tue, 09 May 2000

JP/Bhakti intends to take over `SCTV'

Bhakti intends to take over `SCTV' JAKARTA (JP): Publicly listed PT Bhakti Investama plans to take over ownership of private television station PT Surya Citra Televisi (SCTV) from its other existing shareholders, a source has said.

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Tue, 09 May 2000

JP/Legislators seen to have low productivity

Legislators seen to have low productivity JAKARTA (JP): Despite being more democratically elected and rambunctious in its work, the current legislature is seen to be less qualified and productive than previous ones, a senior observer and politician has said.

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Tue, 09 May 2000

JP/Telkom eyes regional transponder market

Telkom eyes regional transponder market JAKARTA (JP): State-owned publicly listed company PT Telekomunikasi Indonesia (Telkom) aims to control the domestic and Asian-Pacific market of transponder leases from the Telkom-1 satellite this year.

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Tue, 09 May 2000

JP/Solor to produce sandalwood

Solor to produce sandalwood MAUMERE, East Jusa Tenggara: Solor island in the East Flores regency is set to become the biggest producer of yellow sandalwood, Regent Felixs Fernandez has said."The regreening program began years ago with the planting of yellow sandalwood, locally known as cendana.

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Tue, 09 May 2000

JP/Habibie denies Rp 1b campaign donation to PBB

Habibie denies Rp 1b campaign donation to PBB JAKARTA (JP): The Rp 1 billion campaign fund scandal involving Minister of Law and Legislation Yusril Ihza Mahendra took an unexpected turn on Monday as associates of B.J. Habibie claimed that the former president never donated such a sum.

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Tue, 09 May 2000

JP/Bacteria that decompose oil found

Bacteria that decompose oil foundBy Joko Sarwono BOGOR, West Java (JP): Researchers of the Bogor Institute of Agriculture (IPB) have discovered five species of bacteria that they say are capable of decomposing fossil oil. The discovery raises hopes for combating the pollution caused by oilspills.

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Tue, 09 May 2000

JP/Social responsibility issues in business

Social responsibility issues in business This is the second of two articles on business responsibility by Mayling Oey-Gardiner and Peter Gardiner, both social scientists and principal investigators in a factory human rights audit for the Reebok shoe producer referred to below.

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Tue, 09 May 2000

JP/Danny Juswanto beats GM Dibyendu Barua

Danny Juswanto beats GM Dibyendu Barua JAKARTA (JP): International Master (IM) Danny Juswanto of Jakarta crushed India's number two chess player, Grand Master (GM) Dibyendu Barua in 46 moves using Philidor defense in the sixth round of JAPFA International Open championships 2000 in the Grand Bali ...

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Tue, 09 May 2000

JP/CPO producer asks for lower olein export tax

CPO producer asks for lower olein export tax JAKARTA (JP): The government should lower the 11 percent export tax on olein to strengthen the crude palm oil (CPO) refining industry and increase the export of high value-added CPO-based products, an executive said on Monday.

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Tue, 09 May 2000

JP/Bankruptcy courts for four major cities

Bankruptcy courts for four major cities JAKARTA (JP): Chief Judge of the Surabaya District Court Arsyad Sanusi has been appointed as the chief judge of the newly established Surabaya Commercial Court, an informed judge said.

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Tue, 09 May 2000

JP/Woman says daughter abducted a second time

Woman says daughter abducted a second time JAKARTA (JP): A woman has filed a missing person's report with Jakarta Police Headquarters, saying her 20-year-old daughter was abducted last Wednesday for the second time in six months.

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Tue, 09 May 2000

JP/Freedom of expression can hurt

Freedom of expression can hurtBy Ridarson Galingging JAKARTA (JP): A genuine sense of excitement has swept across Indonesia since the limitations on freedom of expression were lifted.People feel released after decades of silence and fear.

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Tue, 09 May 2000

JP/Digitec TV ad

Digitec TV ad Has the advertising agency hired by Digitec Television (a Japanese brand) been craftily bribed by Digitec's competitors to deliberately create an untrustworthy impression by making the product look more than slightly ridiculous?The word "Bombastis" uttered in the Digitec TV ad by ...

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Tue, 09 May 2000

JP/Sutiyoso inspects defiant parking lot operators

Sutiyoso inspects defiant parking lot operators JAKARTA (JP): Seemingly upset with the arrogance of private parking lot operators, Governor Sutiyoso made unannounced visits on several business and shopping centers on Monday.

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Tue, 09 May 2000

JP/Satunet debuts WAP site

Satunet debuts WAP site JAKARTA (JP): News portal Satunet Group announced on Monday the launching of its wireless application protocol (WAP) site to allow Internet users to obtain summaries of news and information available on its websites via mobile phone.

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Tue, 09 May 2000

JP/Residents protest improper land compensation

Residents protest improper land compensation BOGOR (JP): Dozens of Kampung Mengker residents of Sirnagalih village staged a protest at the City Council building here on Monday demanding proper compensation for their 3,500-square-meter land which was acquired by the local authority for an ...

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Tue, 09 May 2000

JP/Poor children face dropout from school

Poor children face dropout from school JAKARTA (JP): It is feared over 14,000 children from poor families in Central Jakarta may soon drop out of school as their parents can no longer afford to pay the fees, an official said on Monday.

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Tue, 09 May 2000

JP/Gus Dur reprimands 'Jawa Post'

Gus Dur reprimands 'Jawa Post' JAKARTA (JP): President Abdurrahman Wahid blasted on Monday the Jawa Pos daily for erroneously reporting alleged corruption by Nahdlatul Ulama (NU) and charged that it was part of an attempt to topple his government.

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Tue, 09 May 2000

JP/Army denies link with July 27 incident

Army denies link with July 27 incident BANDUNG (JP): Army Chief of Staff Gen. Tyasno Sudarto said on Monday that the Army had no official link with the unrest that spread through Central Jakarta on July 27, 1996.

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Tue, 09 May 2000

JP/Paul aims to win national drag race

Paul aims to win national drag race JAKARTA (JP): Canadian Robert Paul of the Star Mild team said on Monday that he wants to avenge his two defeats by winning the third leg of the national drag race at Sentul circuit, near Bogor, on May 14.

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Tue, 09 May 2000

JP/Death toll in C. Sulawesi earthquake reaches 39

Death toll in C. Sulawesi earthquake reaches 39 MAKASSAR, South Sulawesi (JP): The intensive search for victims of the strong tectonic earthquake which hit Central Sulawesi last Thursday continued on Monday with the discovery of one more body, bringing the total death toll to 39.

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Tue, 09 May 2000

JP/Blackout affects activities in Greater Jakarta

Blackout affects activities in Greater Jakarta JAKARTA (JP): Hundreds of thousands, or perhaps millions, of people in several parts of Jakarta and Tangerang had their routines interrupted for hours on Monday after a blackout occurred at 10:55 a.m.

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Tue, 09 May 2000

JP/Bali Police solve 56 drug cases

Bali Police solve 56 drug cases DENPASAR, Bali: Bali Police have solved 56 drug cases and 98 cases of vehicle theft, police chief Brig. Gen. I Wayan Ardjana said on Monday.

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Tue, 09 May 2000

JP/Indonesian girls tennis team gains top seeding

Indonesian girls tennis team gains top seeding JAKARTA (JP): The Indonesian girls tennis team is at the top of the seeding list while the boys are at the bottom in the qualifying round of the Asia Oceania zone of the NEC World Youth Cup 2000.

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Tue, 09 May 2000

JP/Court begins hearing of Haryogi M. Maulani

Court begins hearing of Haryogi M. Maulani JAKARTA (JP): The West Jakarta District Court began on Monday the trial of Haryogi M. Maulani, son of former State Intelligence Coordinating Body (Bakin) chief Lt. Gen. Zaini Azhar Maulani.

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Tue, 09 May 2000

JP/Indonesia must not lose awareness: Christian

Indonesia must not lose awareness: ChristianBy Primastuti Handayani KUALA LUMPUR (JP): Indonesia's head coach Christian Hadinata said on Monday national players must not lose their heads in their opening match against Sweden in the Thomas and Uber Cup Championships at the Putra Indoor Stadium on ...

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Tue, 09 May 2000

JP/Solution to Priok tragedy

Solution to Priok tragedy The tragic case of human rights violations which ended in the killing of innocent people and those protesting against the military during the Soeharto era about 16 years ago has only now surfaced in a very dramatic fashion.

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Tue, 09 May 2000

JP/Laskar Jihad members enter riot-torn Maluku

Laskar Jihad members enter riot-torn Maluku AMBON, Maluku (JP): Up to 200 members of the Laskar Jihad (Jihad Force) Muslim group have entered riot-torn Ambon from Namlea Port on neighboring Buru island, police said.Maluku Police spokesman Maj.

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Tue, 09 May 2000

JP/A stable Indonesia vital for Southeast Asian security

A stable Indonesia vital for Southeast Asian securityBy Paul Dibb The following article is based on a paper presented at an international conference recently held in Bogor, co-hosted by the Jakarta-based Research Institute for Peace and Democracy. This is the first of two articles.

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Tue, 09 May 2000

JP/High number of TB deaths 'preventable'

High number of TB deaths 'preventable' JAKARTA (JP): Health officials have expressed concern at the high number of deaths due to tuberculosis, as most of the 175,000 people who die from the disease in Indonesia each year need not do.

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Tue, 09 May 2000

JP/Pelindo's boss denies graft charges

Pelindo's boss denies graft charges JAKARTA (JP): President of state-owned port operator PT Pelindo II, Hendra Prayitno, denied on Monday allegations of corruption and collusion in the sale of Pelindo's container port operator subsidiary, PT Jakarta International Container Terminal (JICT), ...

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Tue, 09 May 2000

JP/Government vows to honor international business contracts

Government vows to honor international business contracts JAKARTA (JP): President Abdurrahman Wahid reasserted on Monday that the government remained committed to honoring its international business deals, but said contracts acquired through corruption in the past would have to be reviewed.

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Tue, 09 May 2000

JP/Autonomy council to be formed

Autonomy council to be formed BANDUNG: The government will establish a Regional Autonomy Advisory Council (DPOP) in June which will study a proposal to make West Java's Banten area a separate province.

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Tue, 09 May 2000

JP/Smart restructures US$45m loan

Smart restructures US$45m loan JAKARTA (JP): Publicly listed integrated crude palm oil (CPO) company PT Smart Corp. has reached a two-and-a-half year refinancing agreement with 11 foreign creditors for its US$45 million syndicated loan that matures on Wednesday.

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Tue, 09 May 2000

JP/Jewelry robber suspects sought

Jewelry robber suspects sought JAKARTA (JP): Ciracas Police detectives are searching for suspects behind a robbery on Sunday night at a house in the Cibubur Indah II housing complex, East Jakarta.

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Tue, 09 May 2000

JP/TV today

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

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Tue, 09 May 2000

JP/Government drafts new bill on health care system

Government drafts new bill on health care system JAKARTA (JP): The government is drafting a bill that will assist implementation of a national system to cover health care costs for all levels of society.

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Tue, 09 May 2000

JP/Government plans to sell another 8% in Telkom

Government plans to sell another 8% in Telkom JAKARTA (JP): The government will sell another 8 percent of its shares in publicly listed telecommunications company PT Telkom, company president Muhammad Nazif said on Monday.

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Tue, 09 May 2000

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on May 8, 2000: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo ...

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Tue, 09 May 2000

JP/School exams to be held on schedule

School exams to be held on schedule JAKARTA (JP): The city administration guaranteed on Monday that the state exams for elementary, junior and senior high schools would run according to schedule as teachers have agreed to continue working, despite their disappointment with the government-approved ...

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Tue, 09 May 2000

JP/Jakarta struggles to rid itself of leaded gasoline

Jakarta struggles to rid itself of leaded gasolineBy Stevie Emilia JAKARTA (JP): If things go as planned, Jakarta will scrap leaded fuel to reduce the level of its notorious choking air pollution next year.

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Tue, 09 May 2000

JP/Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on May 8, 2000: Bank notes rates Buying Selling Rp Rp U.S. dollar 1 7,466.00 8,466.00Australian dollar 1 4,427.

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Tue, 09 May 2000

JP/Indonesia, China sign MOU to improve relations

Indonesia, China sign MOU to improve relations BEIJING (JP): Indonesia and China signed here on Monday a Memorandum of Understanding to enhance bilateral cooperation between the two countries in the fields of politics, economics, science and technology, and tourism.

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Tue, 09 May 2000

JP/KONI gets another donation

KONI gets another donation JAKARTA (JP): The National Sports Council (KONI) received on Monday a Rp 225 million (US$30,000) donation in the form of analgesic ointment from PT Pfizer Indonesia Tbk. for athletes who would compete in the 15th National Games (PON) and 2000 Olympic Games.

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Tue, 09 May 2000

JP/KEM ready to settle land dispute

KEM ready to settle land dispute JAKARTA (JP): PT Kelian Equatorial Mining (KEM), a subsidiary of the Australian mine giant Rio Tinto said it was ready to pay additional compensation to end a land dispute with residents near its gold mine in East Kalimantan.

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Tue, 09 May 2000

JP/Orangutans' plea unanswered

Orangutans' plea unanswered How much care should the orangutans of Tanjung Puting National Park in Kalimantan be given? After staying there for six days, I was able to dig deeper than just surface appearances, and contrary to the ideas expressed by Mr.

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Tue, 09 May 2000

JP/Rates for tax payment, valid from May. 08 to May. 14

Rates for tax payment, valid from May. 08 to May. 14 U.S. dollar 1 Rp 7,925.00Austrian schilling 1 512.98Australian dollar 1 4,614.73Belgian franc 1 174.98Canadian dollar 1 5,303.49Swiss franc 1 4,555.

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Tue, 09 May 2000

JP/Bomer and Apjati clash over ministerial decree

Bomer and Apjati clash over ministerial decree JAKARTA (JP): Manpower minister Bomer Pasaribu fought back on Monday against criticism of a 1999 ministerial decree that increased the minimum amount of capital labor export companies must have.

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Tue, 09 May 2000

JP/Pick of the Flicks

Pick of the FlicksHollywood KC: The End Of The Affair 14:15 16:55 19:05 21:15 The Whole Nine Yards 14:55 17:35 19:45 21:55 Romeo Must Die 14:15 16:55 19:05 21:15 The Bachelor 14:55 17:35 19:45 21:55 The Story of Us ...

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Tue, 09 May 2000

JP/Preserving 'reog' Ponorogo through festival

Preserving 'reog' Ponorogo through festivalBy Sulistyo Budi N PONOROGO, East Java (JP): Besides being known as a city of santri (students of traditional Muslim schools), Ponorogo is also famous as the city of reog (traditional masked dance).

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Tue, 09 May 2000

JP/Government, military to ensure security for investors

Government, military to ensure security for investors JAKARTA (JP): The Ministry of Industry and Trade, and the Military have agreed to work together to create a conducive and safe environment for businesses operating in the country, according to Minister of Industry and Trade Luhut Pandjaitan.

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Tue, 09 May 2000

JP/Anwar Sierad needs more time for debt deal

Anwar Sierad needs more time for debt deal JAKARTA (JP): In an effort to avoid being declared bankrupt, publicly listed Anwar Sierad asked the Jakarta Commercial Court on Monday to grant an extra 45 days for the company to continue negotiations with its creditors, a lawyer said.

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Tue, 09 May 2000

JP/Number of dead in Ambon ship disaster rises to 41

Number of dead in Ambon ship disaster rises to 41 AMBON, Maluku (JP): A joint rescue team found on Monday four more bodies of passengers of the Masnait, which sank off Ambon island on Sunday.The discovery brought the death toll so far to 41.

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Tue, 09 May 2000

JP/Where to go in Bandung:

Where to go in Bandung:Exhibitions * Sculpture Exhibition by Handy Hermansyah, at Galeripadi Jl. Ir. H. Juanda 329 (Phone: 022 2500578), 10 a.m. to 4 p.m. until May 21. * Art Stone and NTT Traditional Handicraft Exhibition by Mayorga Gallery and Joglocakra, at Grand Hotel Preanger Bandung, Jl.

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Tue, 09 May 2000

JP/New golf magazine launched

New golf magazine launched JAKARTA (JP): A new English language golf magazine was launched on Monday, focussing primarily on golf in Indonesia.The magazine called Golf Magazine of Indonesia has 50 pages and is priced at Rp 25,000 per edition.Dennis G.

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Tue, 09 May 2000

JP/Forget a free press

Forget a free press The way the Jawa Pos newspaper and the Ansor Muslim youth group settled their dispute over the weekend has set a dangerous precedent which not only undermines the goal of a free press and freedom of expression but, ultimately, democracy.

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