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

Tue, 26 Nov 1996

JP/American to coach RI basketball team

American to coach RI basketball team JAKARTA (JP): The Indonesian Basketball Association announced Saturday it would hire an American coach for its men's team, which is scheduled to participate in the 19th SEA Games here next year.

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Tue, 26 Nov 1996

JP/Electronics display in Megamal Pluit

Electronics display in Megamal Pluit JAKARTA (JP): An electronic appliances exhibition was opened Saturday at the Megamal Pluit, in North Jakarta.There are 30 stands at the exhibition showing 45 brands' new products including brands like Sony, Toshiba, Panasonic and Sharp, organizer Soewarto said.

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Tue, 26 Nov 1996

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 25, 1996: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo ...

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Tue, 26 Nov 1996

JP/Journalist's attackers arrested

Journalist's attackers arrested DILI, East Timor: Police have arrested four of the five people suspected of beating up Gaudensius Mau, a journalist from the Jakarta-based Tiras weekly and Suara Timor Timur daily, a report said yesterday.Chief of East Timor police Col.

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Tue, 26 Nov 1996

JP/RI banks must shape up for competition: Report

RI banks must shape up for competition: Report JAKARTA (JP): Indonesian banks must become stronger, faster and fewer to remain competitive against foreign institutions, American rating agency Standard & Poor's (S&P) said yesterday.

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Tue, 26 Nov 1996

JP/Iraq overpowers Indonesia

Iraq overpowers Indonesia JAKARTA (JP): As the Asia Nations Cup finals draw near, Indonesia received another serious warning after a 4-0 drubbing by Iraq in an international friendly match in Genoa, Italy over the weekend.

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Tue, 26 Nov 1996

JP/Belo says 'Der Spiegel' manipulated his remarks

Belo says 'Der Spiegel' manipulated his remarks DILI, East Timor (JP): Dili Bishop Carlos Filipe Ximenes Belo yesterday accused the German magazine Der Spiegel of manipulating his April interview to make it sound anti-Indonesian government.

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Tue, 26 Nov 1996

JP/Alatas awarded honorary doctorate

Alatas awarded honorary doctorate SEMARANG: Professors at Diponegoro University will confer on Minister of Foreign Affairs Ali Alatas an honorary doctorate for his diplomacy skills and his contribution toward the development of legal science.

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Tue, 26 Nov 1996

JP/U.S. dollar trades higher across Europe

U.S. dollar trades higher across Europe LONDON (UPI): The U.S. dollar traded higher across Europe yesterday morning, partly in response to a strong performance by U.S. shares last week, and due to rising hopes for the U.S. economy generally.In Frankfurt, the dollar opened at 1.

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Tue, 26 Nov 1996

JP/TV today

TV todayTVRI 2:30 p.m. Travel: My Country 2:35 TV Series: Kid's Song 3:05 Children's Program: Taman Bermain 3:30 Science Film: Beyond Tomorrow 4:05 Science and Technology Film: Science World 4:30 TV Drama: Drama Remaja 5:00 Regional News 5:25 Travel: My Country 5:30 English ...

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Tue, 26 Nov 1996

JP/Leaders upbeat on APEC's future

Leaders upbeat on APEC's future MANILA (JP): APEC leaders said they were satisfied with the outcome of their summit yesterday, with Indonesia and China stressing economic cooperation programs to address the disparity between rich and poorer members.

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Tue, 26 Nov 1996

JP/New location sought for Senen traders

New location sought for Senen traders JAKARTA (JP): The Jakarta municipality is considering alternative locations for traders whose kiosks were razed in the weekend Senen shopping center fire, an official said yesterday.

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Tue, 26 Nov 1996

JP/Hartono to see generals graduate

Hartono to see generals graduate JAKARTA (JP): Army Chief of Staff Gen. R. Hartono will see 24 generals and dozens of other high-rank military and civilian officials graduate from the Military Law School today.

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Tue, 26 Nov 1996

JP/Poor health development lamented

Poor health development lamented JAKARTA (JP): Former cabinet minister Emil Salim yesterday called for reform and more funding for health development.

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Tue, 26 Nov 1996

JP/Govt pays US$540m off foreign loans

Govt pays US$540m off foreign loans JAKARTA (JP): The government last month paid US$540.46 million of its high-interest debt to multilateral agencies ahead of schedule and will soon amortize another $50.58 million, Minister of Finance Mar'ie Muhammad said yesterday.

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Tue, 26 Nov 1996

JP/Hearings on slander cases continue

Hearings on slander cases continue JAKARTA (JP): The judges in the trial of a student charged with insulting the Armed Forces (ABRI) told the Central Jakarta District Court yesterday the prosecutor's indictment was legally correct.

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Tue, 26 Nov 1996

JP/Prosecutor rejects Iwik's dossiers

Prosecutor rejects Iwik's dossiers YOGYAKARTA: Local police will have to work harder to solve the August slaying of journalist Fuad Muhammad Syafruddin after the provincial prosecutors office returned their dossier on Dwi Sumaji, the suspected killer.

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Tue, 26 Nov 1996

JP/Dharmala-STIC venture

Dharmala-STIC venture JAKARTA (JP): PT Dharmala Intiland and Singapore Technologies Industrial Corp Ltd. (STIC) signed a memorandum of understanding yesterday to develop 300 hectares of industrial estates in Ngoro, East Java.

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Tue, 26 Nov 1996

JP/Pakpahan may fight Supreme Court ruling

Pakpahan may fight Supreme Court ruling JAKARTA (JP): Muchtar Pakpahan, the leader of an unrecognized labor union, is considering fighting the recent Supreme Court decision to put him back in prison made after it had acquitted him of all charges last year.

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Tue, 26 Nov 1996

JP/Another worker killed on building site

Another worker killed on building site JAKARTA (JP): Another worker on the Taman Anggrek Mall project in West Jakarta has been killed in an on-site accident.The unidentified victim fell from the project's high-rise building Sunday night.

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Tue, 26 Nov 1996

JP/The mess at the UN

The mess at the UN The United States has done its reputation for honorable dealing in international diplomacy no favors by the shabby way it vetoed Dr. Boutros Boutros-Ghali's reappointment as head of the United Nations.

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Tue, 26 Nov 1996

JP/Tens months sought for Ecstasy smugglers

Tens months sought for Ecstasy smugglers JAKARTA (JP): The prosecutor has asked the Tangerang District Court to sentence two defendants charged with attempting to smuggle 60,778 Ecstasy pills to 10 months jail.Prosecutor M. Daud Musa also asked the court to fine RS and OS Rp 1 million (US$432).

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Tue, 26 Nov 1996

JP/Capital inflow totals $27.9b

Capital inflow totals $27.9b JAKARTA (JP): State Minister of Investment Sanyoto Sastrowardoyo revealed yesterday that the government has approved 913 foreign investment projects worth US$27.9 billion as of Nov. 9.

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Tue, 26 Nov 1996

JP/Tennis team to adopt low profile in SEAG

Tennis team to adopt low profile in SEAG JAKARTA (JP): Tennis will no longer be Indonesia's reliable gold mine, as it was in past SEA Games, when the biennial sporting event arrives here next year.

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Tue, 26 Nov 1996

JP/Luxury condo to be built in Ancol

Luxury condo to be built in Ancol JAKARTA (JP): PT City Island Utama, a member of the Singapore- based City Developments Limited (CDL) Group, awarded yesterday a US$51.3 million contract to a leading South Korean company to build the Oseania Resort Condominium in Ancol, North Jakarta.

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Tue, 26 Nov 1996

JP/BIC plans to expands Batam industrial estate

BIC plans to expands Batam industrial estate JAKARTA (JP): Batamindo Industrial Corporation (BIC) will expand its Batam island industrial park by 30 hectares to meet an expected foreign investment increase, a BIC executive said Saturday.

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Tue, 26 Nov 1996

JP/Jakarta may face oversupply of retail space

Jakarta may face oversupply of retail space JAKARTA (JP): With more shopping centers expected to open in the next three years, there is some concern that Jakarta will be oversupplied, property consultant First Pacific Davies Indonesia said yesterday.

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Tue, 26 Nov 1996

JP/Indonesia Finance Expo

Indonesia Finance Expo JAKARTA (JP): The monthly magazine InfoBank and PT Pro Asia Centra Cikal announced yesterday a plan to hold the Indonesia Finance Expo to educate companies and the public on the country's wide range of financial services.The four-day exhibition, to open Feb.

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Tue, 26 Nov 1996

JP/BNI makes successful capital market debut

BNI makes successful capital market debut JAKARTA (JP): State-owned Bank Negara Indonesia (BNI) made a successful debut on the Jakarta Stock Exchange yesterday, gaining nearly 50 percent on the first day of its listing.

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Tue, 26 Nov 1996

JP/Political temperature heats up: Feisal

Political temperature heats up: Feisal JAKARTA (JP): Armed Forces Chief Gen. Feisal Tanjung said yesterday that with the approaching 1997 general election, political temperature has been heating up.

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Tue, 26 Nov 1996

JP/Where to go in Jakarta:

Where to go in Jakarta:Music * Hotel Dai-ichi, Jl. Senen Raya 135, Central Jakarta. - Morgan's 1072 Classic Disco, Asian Force Band, Tuesday and Thursday, 9 p.m. to 12:30 a.m., Saturday: 9:30 p.m. to 1 a.m.; Acid Speed Band, Friday, 9 p.m. to 12:30 a.m.; Platinum Band, Wednesday, 9 p.m. to 12:30 a.

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Tue, 26 Nov 1996

JP/Govt miscalculates with meddling in PDI rift: Observer

Govt miscalculates with meddling in PDI rift: Observer SEMARANG (JP): The government may have made a mistake when it backed Soerjadi to snatch the chairmanship of the Indonesian Democratic Party (PDI) in the June rebel congress, an observer said yesterday.

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Tue, 26 Nov 1996

JP/Archers expect clean sweep in SEAG

Archers expect clean sweep in SEAG JAKARTA (JP): Indonesia hopes to continue its domination at the SEA Games archery tournament when it hosts the 19th edition of the biennial sports gathering here next year.

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Tue, 26 Nov 1996

JP/New bill pushes for local collection of gasoline taxes

New bill pushes for local collection of gasoline taxes JAKARTA (JP): The government has introduced a bill which would, for the first time, allow local administrations to collect gasoline taxes at a maximum rate of 5 percent.

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Tue, 26 Nov 1996

JP/Alumindo to go public

Alumindo to go public JAKARTA (JP): PT Alumindo Light Metal Industry (Almi), a subsidiary of the Surabaya-based Maspion group, plans to sell 30 percent of its common stocks next month to increase its aluminum sheet production."We will sell 92.

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Tue, 26 Nov 1996

JP/76,000 ha of forest disappear annually

76,000 ha of forest disappear annually MANADO, North Sulawesi: A forestry official revealed Saturday that the forest in North Sulawesi decreases by 76,000 hectares a year due to natural disasters and the opening of forest areas to plantation.

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Tue, 26 Nov 1996

JP/A sense of community

A sense of community The Manila Action Plan for APEC (MAPA) endorsed by the forum's 18 leaders in the Philippines yesterday is a milestone in their drive to turn the Asia-Pacific area into a giant free trade region.

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Tue, 26 Nov 1996

JP/APEC touts human development

APEC touts human developmentBy Prapti Widinugraheni & Meidyatama Suryodiningrat SUBIC, the Philippines (JP): Leaders of the 18-nation Asia Pacific Economic Cooperation (APEC) forum pledged yesterday to give a human face to development.

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Tue, 26 Nov 1996

JP/Ranati plans mega resort for Belitung island

Ranati plans mega resort for Belitung island TANJUNG PANDAN, Belitung (JP): This tin mining island in South Sumatra will have a huge tourist resort if PT Putra Ciptawahana Sejati (Ranati) -- controlled by President Soeharto's youngest son Hutomo Mandala Putra -- has its way.

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Tue, 26 Nov 1996

JP/Student tried for trafficking Ecstasy

Student tried for trafficking Ecstasy JAKARTA (JP): A student appeared in the Central Jakarta District Court, Friday, charged with trafficking 120 Ecstasy pills.

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Tue, 26 Nov 1996

JP/Architect says old town project needs support

Architect says old town project needs support JAKARTA (JP): The old Jakarta revitalization project needs the private sector and the community's greater involvement and participation, a Dutch architect said yesterday.R.W. Heringa, the author of an architectural book Ir.F.J.L.

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Tue, 26 Nov 1996

JP/Sheraton to manage four more hotels

Sheraton to manage four more hotels JAKARTA (JP): The ITT Sheraton Corporation plans to manage four more Sheraton hotels in Indonesia within the next two years, an executive of the hotel chain said yesterday.

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Tue, 26 Nov 1996

JP/City needs 700 ha for cemeteries

City needs 700 ha for cemeteries JAKARTA (JP): The city has set a target of having 700 hectares for public cemeteries by 2005, the head of the city's cemetery office said yesterday.

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Tue, 26 Nov 1996

JP/Driver refuses to use meter

Driver refuses to use meter In October, I alighted from a Damri Airport bus at Bulungan, Blok M, South Jakarta, with a view to getting a taxi home. People standing around immediately whisked my two bags off to a waiting President taxi, giving me forebodings of impending doom.

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