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

Fri, 09 Sep 1994

JP/Ruling on rating issued

Ruling on rating issued JAKARTA (JP): The Capital Market Supervisory Agency (Bapepam) yesterday issued a new ruling concerning the operation of a rating agency.

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Fri, 09 Sep 1994

Fire razes 12 houses MANADO, North Sulawesi: Fire razed 12 houses in Dembe Satu subdistrict of Gorontalo, leaving 83 people homeless.One of the victims, M. Karim, said the fire burned the money he had just borrowed from the government, Antara reported.

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Fri, 09 Sep 1994

JP/Visa to Japan denied

Visa to Japan denied A few weeks ago I applied for a tourist visa to Japan at the Japanese embassy in Jakarta.

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Fri, 09 Sep 1994

JP/Aliens get death for drug smuggling

Aliens get death for drug smuggling JAKARTA (JP): Two Thai nationals and an Indian citizen were sentenced to death yesterday by a court in Medan after being found guilty of smuggling 12.19 kg of heroin.

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Fri, 09 Sep 1994

JP/Minibus drivers continue their sit-in strike

Minibus drivers continue their sit-in strike JAKARTA (JP): Hundreds of drivers of the city minibuses continued their sit-in strikes for the third consecutive day yesterday but stranded commuters were no longer seen as of yesterday afternoon.

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Fri, 09 Sep 1994

JP/Harmoko said ready to see `Tempo' in court

Harmoko said ready to see `Tempo' in court JAKARTA (JP): Minister of Information Harmoko is prepared to meet with the proprietor of Tempo magazine in court over his decision to revoke the weekly's publishing license, his spokesman said yesterday.

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Fri, 09 Sep 1994

JP/The `game of twisting words' is Yogyakarta's local sport

The `game of twisting words' is Yogyakarta's local sportBy Mochtar Buchori JAKARTA (JP): I visited Yogyakarta recently and, being on vacation, I had ample time for myself. I visited old friends and two of my cousins who have never lived outside the city.

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Fri, 09 Sep 1994

JP/Sightseeing for tourists

Sightseeing for tourists SURABAYA, East Java: Surabaya is reviving its city sightseeing tour service for both local and foreign holidaymakers in the country's second largest city.The service is co-organized by the Kaha travel agent and the state-owned shipping company PT Pelni.

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Fri, 09 Sep 1994

JP/What's behind the strike?

What's behind the strike? Minibus drivers in Jakarta greeted the long delayed new traffic ruling which, among other things, increases ticketing up to four fold, with a strike this week.Unlike state-owned bus firms, private minibus companies employ their drivers based on daily dues.

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Fri, 09 Sep 1994

JP/Two painting exhibitions

Two painting exhibitions Artist Sandy Leonardo is holding a solo exhibition at Central Jakarta's Balai Budaya gallery on Jl. Theresia.The display runs through Sept. 14 and depicts Sandy's watercolors. The painter was a former student of artists Barli S. and Popo Iskandar.

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Fri, 09 Sep 1994

JP/Unicef chief to visit Indonesia

Unicef chief to visit Indonesia JAKARTA (JP): The president of the executive board of the United Nations Children Fund (Unicef), Anna Semamba Makinda, will visit Indonesia next week as the UN agency is preparing to renew its cooperation program in the country.

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Fri, 09 Sep 1994

JP/RI faces harsh treatment from developed nations

RI faces harsh treatment from developed nations JAKARTA (JP): Indonesia gets special and preferential treatment under the General Agreement on Tariffs and Trade (GATT) but faces harsh treatment from industrialized nations, Minister of Trade Satrio Budiardjo Joedono said here yesterday.

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Fri, 09 Sep 1994

JP/MVP Olajuwon makes quiet entrance here

MVP Olajuwon makes quiet entrance here JAKARTA (JP): It's too bad that Hakeem Olajuwon wasn't here last week.His mere presence might have put some life into the Independence Cup basketball tournament.Who knows, with him on their side the national junior team might have walked away with the trophy.

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Fri, 09 Sep 1994

JP/Stock Exchange

Stock Exchange JAKARTA (JP): Share prices continued to improve on the Jakarta Stock Exchange (JSX) yesterday after the broad-based Composite Index gained ground over the last three weeks.The JSX broad-based index ended slightly higher at 532.84 yesterday from 532.05 on Wednesday.

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Fri, 09 Sep 1994

JP/Three killed in road mishap

Three killed in road mishap KUDUS, Central Java: Three people were killed and 31 others were injured when a truck hit a concrete wall in Baleadi village.Witnesses said the truck, carrying 34 cotton traders, was moving at a high speed when the driver lost control and hit the wall.

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Fri, 09 Sep 1994

JP/Admonition from Habibie

Admonition from HabibieFrom PelitaIn July, Dr. B.J. Habibie, chairman of the Association of the Indonesian Moslem Intellectuals (ICMI), lambasted the members he believed were acting improperly. He scolded the wayward members at the organization's third coordinating meeting at Hotel Indonesia.

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Fri, 09 Sep 1994

JP/Western fast food is a mere fad: Sociologist

Western fast food is a mere fad: Sociologist JAKARTA (JP): A sociologist has doused concerns expressed by some people about the trend towards Western fast food, saying that it is simply a fad and will not affect the national culture.

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Fri, 09 Sep 1994

JP/GKBI to manage Kanindo

GKBI to manage Kanindo JAKARTA (JP): Minister of Finance Mar'ie Muhammad formally appointed yesterday the Federation of Indonesian Batik Cooperatives (GKBI) to take over the management of the debt- ridden Kanindo business group for a three-year period.

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Fri, 09 Sep 1994

JP/Banking woes caused by poor integrity

Banking woes caused by poor integrity JAKARTA (JP): The lack of integrity of banking executives and shareholders is the major cause of the country's banking crisis, says a former banking chief.

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Fri, 09 Sep 1994

JP/Buddhist leaders deny human rights violations

Buddhist leaders deny human rights violations JAKARTA (JP): Leaders of the government-backed Buddhist Council (Walubi) executive board yesterday denied allegations that they were involved in any human rights violations against their opposition on the board.

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Fri, 09 Sep 1994

JP/Chile ambassador is totally devoted to trade

Chile ambassador is totally devoted to tradeBy Prapti Widinugraheni Chile's new ambassador Fernando Cousino assumed his post in Indonesia last month. The ambassador agreed to this interview with The Jakarta Post to discuss his personal views and background.

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Fri, 09 Sep 1994

JP/C. Jakarta Court rules to try Sjahrizal and Bambang

C. Jakarta Court rules to try Sjahrizal and Bambang JAKARTA (JP): The Central Jakarta District Court rejected yesterday the objections by lawyers defending two former Bank Bapindo directors relating to the Rp 1.3 trillion (US$620 million) loan scandal at the state-owned bank.

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Fri, 09 Sep 1994

JP/It's not Barito we're after, Forestry Ministry says

It's not Barito we're after, Forestry Ministry says JAKARTA (JP): The government corrected a statement made by the Minister of Forestry on Wednesday, in which he threatened to take over 49 percent of PT Barito Pacific Timber's forest concessions.

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Fri, 09 Sep 1994

JP/Minority PDI exploits ulemas' discontent at PPP

Minority PDI exploits ulemas' discontent at PPP JAKARTA (JP): The minority Indonesian Democratic Party (PDI) is exploiting ulemas' dissatisfaction resulting from their defeat the recent battle for leadership in the Moslem-based United Development Party (PPP).

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Fri, 09 Sep 1994

JP/TV today

TV todayTVRI 2:30 p.m Cartoon: I'm Telling 3:05 Science Film: Langka dan Unik 3:30 Science Film 4:00 Student Quiz 4:30 Flora & Fauna 5:00 Regional News 5:30 Kiat Manajemen 6:05 Nusantara, the Beloved Country 6:15 Village Program 6:45 Karya Nyata 7:00 Evening News 7:30 ...

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Fri, 09 Sep 1994

JP/Bus drivers on strike

Bus drivers on strike SEMARANG, Central Java: The military said that no third party was behind the strike involving hundreds of inter-city bus drivers plying the Semarang-Surakarta route early this week.Commander of the Diponegoro Regional Military Command, Maj. Gen.

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Fri, 09 Sep 1994

JP/Obituary

Obituary Roesmin Noerjadin, who served as transportation minister between 1978 and 1988, died yesterday while on a trip to Bandung, according to a relative in Jakarta. He was 63 years old.His body was flown from Bandung to Jakarta last night.

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Fri, 09 Sep 1994

JP/Bank secrecy a vehicle for legalized crime?

Bank secrecy a vehicle for legalized crime? The debt ridden Kanindo Group which is linked with two state banks has come to the fore. Bank expert Laksamana Sukardi says it is high time to revise the banking secrecy law.

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Fri, 09 Sep 1994

JP/Tofflers' new book discusses parallels between war and wealth

Tofflers' new book discusses parallels between war and wealth War and Anti-War: Survival at the Dawn of the 21st Century Little, Brown and Company.

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Fri, 09 Sep 1994

JP/Djamaloedin shocks investors

Djamaloedin shocks investors We have often highly commended Minister of Forestry Djamaloedin Soeryohadikoesoemo in this column for his strong determination to enforce the principle of sustainable management among forest concessionaires.

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Fri, 09 Sep 1994

JP/Bekasi drivers refuse new uniform

Bekasi drivers refuse new uniform JAKARTA (JP): Many public transportation drivers in Bekasi, West Java, have refused to buy a new uniform as required by the Bekasi Land Transportation Company Organization, saying they could not afford it.

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Fri, 09 Sep 1994

JP/Aussies offer housing ties

Aussies offer housing ties JAKARTA (JP): Indonesia and Western Australia plan to set up a housing cooperation scheme through an exchange of construction technology and management for improving housing services.

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Fri, 09 Sep 1994

JP/The Listening Post

The Listening Post * I confess I do enjoy spotting errors in English usage when they appear in publications; I find it worthwhile to share them with you, especially when they provide insights into the workings of English.

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Fri, 09 Sep 1994

JP/Pizza answers complaints

Pizza answers complaints In response to G.S. Edwin's letter published in The Jakarta Post on Sept. 3, the management of Pizza Hut Indonesia extends its sincere apology for the incident occurring at Pizza Hut Pasaraya that caused him and his friend inconvenience.

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Fri, 09 Sep 1994

JP/Merapi hurls more lava

Merapi hurls more lava SEMARANG, Central Java: Mt. Merapi hurled lava more than 2,000 times last month with a maximum range of 1.7 kilometer.The office for the monitoring of Mt. Merapi said in July the volcano belched 1,282 times.In August Mt. Merapi was rocked by tectonic quakes 34 times.

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Fri, 09 Sep 1994

JP/Business and culture meet in Indonesian Moscow tour

Business and culture meet in Indonesian Moscow tourBy Melanie Morrison MOSCOW (JP): The Indonesian business community's interest in expanding into Russia was directly reflected by the number of top Indonesian business people at the "Indonesian Culture in Moscow" festival.

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Fri, 09 Sep 1994

JP/Koja resident sues governor over land compensation rate

Koja resident sues governor over land compensation rate JAKARTA (JP): A resident of North Koja district in North Jakarta is suing the governor of Jakarta, the North Jakarta mayor and the state-owned PT Pelindo seaport company for fixing the compensation for his land prior to consulting him.

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Fri, 09 Sep 1994

JP/Where to go in Bali:

Where to go in Bali:Music and entertainment * Nusa Dua Beach Hotel: Budaya Stage - Legong Buffet Dinner, Friday; Ramayana Buffet Dinner, Monday. Coffee Shop - Indonesian Night with Joged Dance, Saturday. Village Night with Frog Dance, Tuesday. Notte Italiana with Capo Dastro Quartet, Thursday.

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Fri, 09 Sep 1994

JP/Biography of Gobel launched

Biography of Gobel launched The Gobel Management Group and Rachmat Gobel, director of PT National Gobel electronic company, will launch a biography on the founder of the group, Thayeb Mohammad Gobel, on Monday evening.

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Fri, 09 Sep 1994

JP/Harsh measures planned against balky commuters

Harsh measures planned against balky commuters JAKARTA (JP): City Police plan to take harsh action against commuters who enter or exit public vehicles at prohibited places.

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Fri, 09 Sep 1994

JP/Lavish ceremony for 3-day development award event

Lavish ceremony for 3-day development award event JAKARTA (JP): A total of 500 performers will present an operatic show to 20,000 spectators during a ceremony to mark the presentation of the highest development award, the Parasamya Purnakarya Nugraha, by President Soeharto to Governor Surjadi ...

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Fri, 09 Sep 1994

JP/Manpower launches own program of apprenticeship

Manpower launches own program of apprenticeship TANGERANG, West Java (JP): The Ministry of Manpower is introducing industrial apprenticeship programs using vocational training centers it runs as the basis.

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Fri, 09 Sep 1994

JP/More diesel fuel ordered for fish port

More diesel fuel ordered for fish port JAKARTA (JP): The Bina Graha presidential office has requested the state-owned Pertamina gas and oil company to provide more diesel fuel for trawlers operating in Muara Baru, Jakarta, in an effort to boost the volume of fish production for export.

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Fri, 09 Sep 1994

JP/Gambling lord faces a year in the cooler

Gambling lord faces a year in the cooler JAKARTA (JP): The North Jakarta District court prosecutor, H.P.W. Soekewi, yesterday demanded that defendant Taslim Bianti, a gambling lord whose den was closed down in June, be sent to jail.

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Fri, 09 Sep 1994

JP/Where to go in Jakarta:

Where to go in Jakarta:Music * 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.m., Friday & Saturday 7 p.m. to 12:30 a.m.

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Fri, 09 Sep 1994

JP/`Indonesian culture in Moscow' feature another world

`Indonesian culture in Moscow' feature another worldBy Melanie Morrison MOSCOW (JP): "Welcome to the Twilight Zone" would have been an apt banner at the entrance to the Indonesian cultural festival in Moscow's Kino Center.

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Fri, 09 Sep 1994

JP/PT Telkom plans to construct tower to improve service

PT Telkom plans to construct tower to improve service JAKARTA (JP): The state-owned domestic telecommunications operator PT Telekomunikasi Indonesia (Telkom) will construct a tower at its Jakarta office to improve telecommunications service, Minister of Tourism, Post and Telecommunications ...

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Fri, 09 Sep 1994

JP/Lampung boars on the rampage

Lampung boars on the rampage KALIANDA, Lampung: Residents have waged a war against boars which have devoured some 700 hectares of banana plantations in this district.They said the boars flocked to their farms in herds and that it required an equal size of people to repulse them.

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Fri, 09 Sep 1994

JP/Over 100 craftsmen to exhibit works

Over 100 craftsmen to exhibit works Over 100 craftsmen from the country's 27 provinces will exhibit their works during the fourth Handicraft Week, which runs from Sept. 16 to Sept. 25.The exhibition is organized by the National Handicraft Council, Dekranas, and will be held at their offices at Jl.

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Fri, 09 Sep 1994

JP/Global market forces or bust?

Global market forces or bust? The United Nations Conference on Trade and Development (UNCTAD)'s World Investment Report 1994: Transnational Corporations, Employment and the Workplace, published last month (The Jakarta Post, Aug. 31, 1994), can be read in two ways.

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Fri, 09 Sep 1994

JP/Aussies dominate Jakarta track and field meet

Aussies dominate Jakarta track and field meet JAKARTA (JP): Australia added seven gold medals, bringing its tally to 11, after the second day of the Indonesia Open track and field championships at Senayan Madya stadium yesterday.

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Fri, 09 Sep 1994

JP/Ten pharmaceutical groups dominate market

Ten pharmaceutical groups dominate market JAKARTA (JP): Ten large groups continue to dominate the domestic pharmaceutical market, contributing almost half of the country's total sales of Rp 1.5 trillion (US$693 million) last year, a survey says.

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