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

Thu, 31 Oct 1996

JP/Mar'ie calls on officials to improve their integrity

Mar'ie calls on officials to improve their integrity JAKARTA (JP): Minister of Finance Mar'ie Muhammad reiterated to ministry officials yesterday that they must improve their integrity in managing state funds.

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Thu, 31 Oct 1996

JP/Sampoerna cancels Astra take over plan

Sampoerna cancels Astra take over plan JAKARTA (JP): PT Handjaja Mandala (HM) Sampoerna, one of the country's largest cigarette manufacturers, has canceled its US$500 million plan to buy a 25 percent stake in PT Astra International because its minority shareholders disapproved, according to a ...

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Thu, 31 Oct 1996

JP/Cabbie killed in Priok

Cabbie killed in Priok JAKARTA (JP): A taxi driver was murdered last night in front of a container warehouse in Tanjung Priok, North Jakarta.City Police spokesman Maj. Nyoman Suriasta said local residents found the Rajawali taxi driver, identified as Suhadi, 51, dead in his cab in Jl. R.E.

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Thu, 31 Oct 1996

JP/Bapepam suspends 3 securities firms

Bapepam suspends 3 securities firms JAKARTA (JP): The Capital Market Supervisory Agency (Bapepam) has suspended the operations of three securities firms and revoked two stock brokers' licenses.

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Thu, 31 Oct 1996

JP/'KNPI free to elect its chairman'

'KNPI free to elect its chairman' JAKARTA (JP): The government has promised to keep its hands off the chairmanship election of the Indonesian National Youth Committee (KNPI), a well-connected umbrella organization of youth groups.

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Thu, 31 Oct 1996

JP/Where to go in Bandung:

Where to go in Bandung:Music and Entertainment * Chedi Hotel: Jl. Rancabentang 56-58: Job (Piano), Monday to Wednesday, 5:30 p.m. to 8 p.m.; Irven (Guitar), Monday to Wednesday, 8:30 p.m. to 11 p.m.; Mixed voices Accapela singer and Andi (Pianist), Thursday and Saturday, 8:30 p.m. to 11:30 p.m.

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Thu, 31 Oct 1996

JP/Military to launch firearm operation

Military to launch firearm operation JAKARTA (JP): The Jakarta Agency for the Coordination of Support for the Development of National Stability (Bakorstanasda) is ready to commence firearms operations in its effort to reduce crime rates in the capital.The agency commander's Maj. Gen.

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Thu, 31 Oct 1996

JP/City denies report on tap water prices

City denies report on tap water prices JAKARTA (JP): The city administration has denied a report that it plans to increase tap water prices in November.

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Thu, 31 Oct 1996

JP/James Riady and foreign loans

James Riady and foreign loans In a relatively short time, Indonesia succeeded in gaining prestige. The first indication of this newly acquired prestige occurred when Indonesia was categorized as a country successful in development, which led to some restrictions being applied in the granting of ...

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Thu, 31 Oct 1996

JP/Police refuse to free suspected killer

Police refuse to free suspected killer YOGYAKARTA (JP): Police yesterday refused to release Dwi Sumaji, saying they have not completed questioning the suspected killer of journalist Fuad Muhammad Syafruddin.Yogyakarta Deputy Police Chief Col.

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Thu, 31 Oct 1996

JP/Kupang needs 12,000 teachers

Kupang needs 12,000 teachers KUPANG, East Nusa Tenggara: The head of the provincial office of the Ministry of Education and Culture, Johanes Cornelius Mbeo, said yesterday the province is facing a shortage of more than 12,000 teachers.

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Thu, 31 Oct 1996

JP/Indonesia cruises into Olympic bridge semis

Indonesia cruises into Olympic bridge semis JAKARTA (JP): Indonesia's men's team carved out a piece of history when they cruised into the semifinals of the 10th Bridge Olympics on Rhodes Island, Greece, Tuesday evening after beating the 1990 World Champion Iceland.

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Thu, 31 Oct 1996

JP/Azrul chairs world medical body

Azrul chairs world medical body JAKARTA (JP): Indonesian Medical Association's chairperson Azrul Azwar has been elected chairman of the World Medical Association for the 1997/1998 period.

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Thu, 31 Oct 1996

JP/Malaysia takes stand on GSP

Malaysia takes stand on GSPBy David Chew SINGAPORE (JP): Malaysia is bracing itself for a big drop in its trade with the United States when Washington withdraws its Generalized System of Preferences (GSP) status in January 1997.

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Thu, 31 Oct 1996

JP/Minister Mar'ie defends exchange rate policy

Minister Mar'ie defends exchange rate policy JAKARTA (JP): Minister of Finance Mar'ie Muhammad stressed yesterday that the government will continue to pursue flexible exchange rate management to avoid the destabilizing effects of capital inflow.

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Thu, 31 Oct 1996

JP/Puncak not only cause of massive floods

Puncak not only cause of massive floods BOGOR, West Java (JP): The massive floods that often sweep through Jakarta are not caused solely by the extensive building of villas in the nearby vacation resort of Puncak, according to a Bogor administration official.

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Thu, 31 Oct 1996

JP/Bulog swaps land with Goro in North Jakarta

Bulog swaps land with Goro in North Jakarta JAKARTA (JP): Wholesaler PT Goro Batara Sakti is swapping its 75 hectares in Marunda, North Jakarta, for 50 hectares in Kelapa Gading, North Jakarta, owned by the National Logistics Agency (Bulog).

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Thu, 31 Oct 1996

JP/Telkom to issue bonus shares for investors

Telkom to issue bonus shares for investors BANDUNG, West Java (JP): PT Telekomunikasi Indonesia (Telkom) will soon distribute about three million shares to Indonesian individual and cooperative shareholders as a bonus if they hold its shares for a year.

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Thu, 31 Oct 1996

JP/Punctuality essential

Punctuality essential We have had to travel a number of times recently on Indonesia's internal air services to Bali, Semarang, Medan, Lombok and Surabaya, for example. Very few of these flights were on time.

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Thu, 31 Oct 1996

JP/On teachers

On teachers Frankly, I was rather astonished at Mr G. S. Edwin's strongly worded comments (The Jakarta Post, Oct. 24) on Mr. Zatni Arbi's story on teachers (The Jakarta Post,Oct.19).Zatni's experience may have been personal, but it is not exceptional in our community.

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Thu, 31 Oct 1996

JP/Dollar higher in Europe

Dollar higher in Europe LONDON (UPI): The U.S. dollar was trading higher across Europe yesterday morning despite caution ahead of the release of U.S. third quarter gross domestic product data later in the day.In London, the U.S. currency was quoted at 1.

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Thu, 31 Oct 1996

JP/Garuda launches Jakarta-Batam-Jeddah route

Garuda launches Jakarta-Batam-Jeddah route BATAM, Riau (JP): The state-owned airline Garuda Indonesia launched its Jakarta-Batam-Jeddah, Saudi Arabia, route yesterday, becoming the first scheduled international flight via Batam's Hang Nadim international airport.

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Thu, 31 Oct 1996

JP/Floods, landslide hit Cilacap

Floods, landslide hit Cilacap CILACAP, Central Java: Incessant rain have been followed by floods in the town of Cilacap and the surrounding areas, causing no less than nine houses destroyed by landslides or swept by the flood.

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Thu, 31 Oct 1996

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 30, 1996 Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo ...

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Thu, 31 Oct 1996

JP/Ciputra launches Bukit Bunga

Ciputra launches Bukit Bunga JAKARTA (JP): A field of flowers in the back yard is the promise of a new housing project in east Cibubur by the Ciputra Group."This is the first concept of its kind in the country," Harun Hajadi, the president director of the group said yesterday.

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Thu, 31 Oct 1996

JP/Giant container port to be built on Batam

Giant container port to be built on Batam BATAM, Riau (JP): Indoport, a British company incorporated in Indonesia, will build one of the largest container ports in Asia worth US$900 million in Kabil, Batam island.

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Thu, 31 Oct 1996

JP/Uber Cup vets dropped from badminton camp

Uber Cup vets dropped from badminton camp JAKARTA (JP): The Badminton Association of Indonesia announced yesterday it has included two Uber Cup veterans among 17 players to be axed from the national elite team as part of its regeneration program for the 2000 Olympics Games.

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Thu, 31 Oct 1996

JP/Promote sustainable tourism, says conference

Promote sustainable tourism, says conference YOGYAKARTA (JP): The International Conference on Tourism and Heritage Management ended yesterday calling for cooperation between governments and the tourist industry in promoting sustainable tourist development.

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Thu, 31 Oct 1996

JP/TV today

TV todayTVRI 2:30 p.m. Travel: My Country 2:45 TV Series: Family Matters 3:05 Dance Performance 3:30 TV Series: 13 Wonder 4:05 Film: Here Comes the Stars 4:30 Information 4:55 Filler and Trailer 5:00 Regional News 5:25 My Country 5:30 Arabic Lessons 6:00 News: Lintasan Berita ...

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Thu, 31 Oct 1996

JP/UN golf event nets Rp 1b for charity

UN golf event nets Rp 1b for charity JAKARTA (JP): A golf tournament held yesterday to mark the United Nations' 51st anniversary at Matoa Golf Course, South Jakarta, raised more than Rp 1 billion (US$431,000) for charity.

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Thu, 31 Oct 1996

JP/Govt estates to expand Irian palm oil output

Govt estates to expand Irian palm oil output JAKARTA (JP): Executives of 14 state-owned plantation firms, PT Perkebunan Nusantara (PTPN) I through XIV, agreed yesterday to form a consortium to expand oil palm plantations in the eastern- most province of Irian Jaya.

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Thu, 31 Oct 1996

JP/Government announces names of river polluters

Government announces names of river polluters JAKARTA (JP): The government announced yesterday a list of the domestic companies that cause the most river pollution.

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Thu, 31 Oct 1996

JP/Dayamitra to sign $230m loan from overseas banks

Dayamitra to sign $230m loan from overseas banks JAKARTA (JP): PT Dayamitra, a developer of telecommunications networks in Kalimantan, will sign for a US$230 million loan later this week from Sanwa Bank of Japan, ING Bank of the Netherlands and other overseas banks.

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Thu, 31 Oct 1996

JP/PT KHI wins gas pipe contract

PT KHI wins gas pipe contract JAKARTA (JP): PT KHI Pipe Industries, a subsidiary of the state-owned PT Krakatau Steel, has won a contract worth US$74 million from the state-owned PT Perusahaan Gas Negara to supply 86,000 tons of steel pipes for a gas pipeline in Sumatra.

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Thu, 31 Oct 1996

JP/Bre-X of canada forges alliance with Sigit's firm

Bre-X of canada forges alliance with Sigit's firm JAKARTA (JP): Bre-X Minerals Ltd, a Canadian company controlling the world's largest single gold deposit in Indonesia, has forged a strategic alliance with PT Panutan Duta, a company owned by President Soeharto's son sigit Harjojudanto.

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Thu, 31 Oct 1996

JP/E. Indonesia and Australia

E. Indonesia and Australia Another step has been taken in Indonesian-Australian relations with the reaching of an agreement to form a working group to prepare the setting up of an Australia-Indonesia Development Area.

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Thu, 31 Oct 1996

JP/Police guarantee safety of 'Suara Independen' suspect

Police guarantee safety of 'Suara Independen' suspect JAKARTA (JP): Police holding a suspect for defaming the President through an unofficial publication, Suara Independen, guarantee the suspect will be free from harm, a lawyer said.

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Thu, 31 Oct 1996

JP/Racism plagues Australia

Racism plagues Australia Prime Minister John Howard of Australia is making it awfully tough on himself. Taking the opportunity in parliament yesterday to address the recent rise in racist sentiment, Mr. Howard attacked the Asian media instead.

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Thu, 31 Oct 1996

JP/RI to adopt convention on torture soon

RI to adopt convention on torture soon JAKARTA (JP): Minister of Justice Oetojo Oesman promised yesterday that Indonesia would soon ratify the United Nations (UN) convention against torture in order to end the practice of using violence during criminal investigations.

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Thu, 31 Oct 1996

JP/A present danger

A present danger Up to September, 449 people in Indonesia either had the still incurable Acquired Immune Deficiency Syndrome (AIDS), or had tested positive for Human Immunodeficiency Virus (HIV), which causes the syndrome, and 66 of them had died.

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Thu, 31 Oct 1996

JP/Two HIV cases found

Two HIV cases found KUPANG, East Nusa Tenggara: Dr. Agus Berek, the head of the provincial office of the Ministry of Health, confirmed on Monday that two prostitutes have contracted the Human Immunodeficiency Virus (HIV).The cases were found following blood tests on prostitutes.

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Thu, 31 Oct 1996

JP/54 in Situbondo riot to stand trial soon

54 in Situbondo riot to stand trial soon SURABAYA (JP): Police have submitted to the Situbondo district prosecutors office dossiers on 54 people suspected of involvement in the recent riots that claimed five lives and damaged a score of churches, an officer said.

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Thu, 31 Oct 1996

JP/Disparity between provinces narrows

Disparity between provinces narrows BOGOR, West Java (JP): Income disparity between the provinces may be persisting after 25 years of New Order rule, but it has declined significantly with extensive improvements in educational and health services, a World Bank official said yesterday.

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Thu, 31 Oct 1996

JP/Sarwata replaces Soerjono

Sarwata replaces Soerjono JAKARTA (JP): Deputy Chief Justice for Military Tribunals Sarwata will be the next chief justice, replacing Soerjono who is retiring tomorrow, an informed source said yesterday.

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Thu, 31 Oct 1996

JP/Provinces need more autonomy: Consultant

Provinces need more autonomy: Consultant JAKARTA (JP): It is important for Indonesia to give greater economic autonomy to its provinces to enable them to catch up with Jakarta's prosperity, Kenichi Ohmae, a well-known Japanese management consultant, said yesterday.

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