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

Thu, 19 Dec 1996

JP/UN leadership

UN leadership Kofi Annan's election as United Nations Secretary-General may have ended the quest for new UN leadership, but it marks a new beginning that is no less challenging for the world body.

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Thu, 19 Dec 1996

JP/PT Daya Guna to use satellite for fishing

PT Daya Guna to use satellite for fishing JAKARTA (JP): Publicly listed fishing company PT Daya Guna Samudera is planning to use the National Oceanic and Atmospheric Administration's (NOAA) satellite to detect fish in eastern Indonesian waters through an upwelling process.

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Thu, 19 Dec 1996

JP/Insurance deficit predicted to double

Insurance deficit predicted to double JAKARTA (JP): This year's current account insurance services deficit could double from last year to about Rp 1.5 trillion (US$646.55 million), an insurance analyst said yesterday.The Indonesian Council of Insurance's chairman, B.

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Thu, 19 Dec 1996

JP/Experts advise brain drain for Indonesia

Experts advise brain drain for Indonesia JAKARTA (JP): Overseas university and school graduates should rush the foreign job markets rather return home to outdo their domestic competitors, educational observers agreed yesterday.

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Thu, 19 Dec 1996

JP/Indonesia to compete in HK-Osaka race

Indonesia to compete in HK-Osaka race JAKARTA (JP): Indonesia is to be one of the 14 participating nations in the Hong Kong-Osaka International Yachting Race in March next year, an organizer said.

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Thu, 19 Dec 1996

JP/Human rights commission regains society's favor

Human rights commission regains society's favor The government recently charged the human rights body with having overstepped its boundary by becoming directly involved in investigating cases it is probing. However, a minister retracted the accusation this week to the relief of many.

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Thu, 19 Dec 1996

JP/13 foreigners deported

13 foreigners deported BANJARMASIN, East Kalimantan: Immigration authorities during the period between Sept. 1995 and April 1996 deported 13 foreigners for various violations, Antara reported yesterday.

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Thu, 19 Dec 1996

JP/Trip to Krakatau

Trip to Krakatau I am writing to warn the public about a tour company (Pandawa/Ivia Tours) advertising a trip to Ujung Kulon and Krakatau. I recently went on this trip, and was subjected to danger and recklessness. We had expected quality service since our guide, Mr.

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Thu, 19 Dec 1996

JP/Bira denies share sales

Bira denies share sales JAKARTA (JP): Publicly listed Bank Bira denied reports yesterday that General Electric Capital purchased bank shares.The bank said in a statement that the report was inaccurate."At this time, the bank is still in discussion with several parties.

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Thu, 19 Dec 1996

JP/An independent UN

An independent UN The confusion in the Security Council that arose with regard to the selection of the new United Nations secretary-general strengthens the impression that the UN as a world body can be manipulated in the interest of the council's permanent members, in this case the United States.

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Thu, 19 Dec 1996

JP/Foreign investment projects up 20%, value down 25%

Foreign investment projects up 20%, value down 25% JAKARTA (JP): The government approved 959 foreign direct investment projects between Jan. 1 and Dec. 15 this year, up 20 percent on the same period last year, but the value dropped 25 percent to US$29.9 billion.

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Thu, 19 Dec 1996

JP/Israel's war intentions

Israel's war intentions Israel is annoyed that the whole world is in agreement that it is the country overturning the Middle East peace process by conducting an aggressive policy, particularly its insistence on maintaining its settlements in the occupied territories.

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Thu, 19 Dec 1996

JP/Trent: Facts & figures

Trent: Facts & figures * That 70 tons (71.12 tonnes) of air passes through a Trent jet engine every minute -- roughly the same as 160,000 people exhaling at the same time.

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Thu, 19 Dec 1996

JP/UAE beats Kuwait to reach final

UAE beats Kuwait to reach final ABU DHABI (Reuter): Striker Hassan Ahmed headed a second half goal against the run of play to give hosts the United Arab Emirates a 1-0 win over Kuwait yesterday and a berth in the Asian Cup final for the first time.

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Thu, 19 Dec 1996

JP/Builder responsible for falling billboard

Builder responsible for falling billboard JAKARTA (JP): The building contractor which put up the billboard that collapsed killing a person and injuring four others was responsible for the accident, an advertising expert said Tuesday.

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Thu, 19 Dec 1996

JP/Should RI forge ties with Israel?

Should RI forge ties with Israel?By Riza Sihbudi JAKARTA (JP): On his return from a visit to Jordan last month, President Soeharto appealed to Indonesia's Moslem community to perform haj pilgrimage, the fifth tenet of Islam, only once.

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Thu, 19 Dec 1996

JP/Three die in ferry mishap

Three die in ferry mishap MEDAN, North Sumatra: Dozens of people are missing and three have been found dead when a wooden ferry hit floating logs and sank in the Berombang River, Labuhan Batu regency of North Sumatra Tuesday.

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Thu, 19 Dec 1996

JP/Churches concerned about selfishness

Churches concerned about selfishness JAKARTA (JP): The Indonesian Communion of Churches and the Indonesian Bishops Conference expressed concern yesterday over the selfishness they say increasingly plagues the public.

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Thu, 19 Dec 1996

JP/Dengue fever kills 23 children

Dengue fever kills 23 children SEMARANG, Central Java: Twenty-three children have died and 2,146 others have been hospitalized in several dengue fever outbreaks in the municipality over this year.

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Thu, 19 Dec 1996

JP/Warden victim of bad system: Lawyers

Warden victim of bad system: Lawyers JAKARTA (JP): Defense lawyers representing a prison guard charged with accepting a bribe from escaped businessman Eddy Tansil told the East Jakarta District Court yesterday the defendant was a victim of a bad prison system.

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Thu, 19 Dec 1996

JP/Berlian Motor gets loan

Berlian Motor gets loan JAKARTA (JP): Ujungpandang-based PT Bosowa Berlian Motor, the biggest automotive dealer in eastern Indonesia, secured a Rp 46.8 billion (US$19.8 million) syndicated loan yesterday from four domestic banks.PT Bank Nusa International, the loan arranger, put up Rp 9.

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Thu, 19 Dec 1996

JP/Nasim flies RI flag in Valvo matchplay

Nasim flies RI flag in Valvo matchplay JAKARTA (JP): Maan Nasim is the only Indonesian golfer taking part in the Volvo Asian Matchplay at the Emeralda golf course, Cimanggis, West Java, that tees off today.

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Thu, 19 Dec 1996

JP/Horticulture products promoted

Horticulture products promoted SURABAYA, East Java: The local administration is holding a five-day exhibition in Jeddah, Saudi Arabia, to promote the province's fruit and other horticultural products.

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Thu, 19 Dec 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, 19 Dec 1996

JP/Police release Fuad Syafrudin's suspected killer

Police release Fuad Syafrudin's suspected killer YOGYAKARTA (JP): Police released yesterday Dwi Sumaji alias Iwik, the suspected killer of journalist Fuad Muhammad Syafruddin, to the surprise of his lawyers whose previous requests for the move had repeatedly been rejected.

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Thu, 19 Dec 1996

JP/Legal awareness competition

Legal awareness competition JAKARTA (JP): Deputy Governor for Social Welfare Idroes opened a legal awareness competition for families yesterday.

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Thu, 19 Dec 1996

JP/Relieve aid for flood victims

Relieve aid for flood victims KUPANG, East Nusa Tenggara: Minister of Social Services Inten Soeweno yesterday presented 200 families in Belu regency with building materials to repair their houses which were damaged in last year's flood.

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Thu, 19 Dec 1996

JP/Can we escape from our past experiences?

Can we escape from our past experiences?By Mochtar Buchori JAKARTA (JP): The Nov. 30th edition of The Economist carried a very interesting story about Andre Malraux (1901-1976).

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Thu, 19 Dec 1996

JP/Indonesian 'sinetron' festival celebrates mediocrity

Indonesian 'sinetron' festival celebrates mediocrityBy T. Sima Gunawan JAKARTA (JP): Local television dramas and comedies, as well as mini-series, are getting more and more popular. They are shown in the morning, in the afternoon and in the evening.Some are good, others garbage.

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Thu, 19 Dec 1996

JP/Soeharto gives green light to Jonggol project

Soeharto gives green light to Jonggol project JAKARTA (JP): President Soeharto approved yesterday his second son's plan to develop a self-sufficient city in Jonggol, Bogor, about 50 kilometers southeast of here, but called on developer PT Bukit Jonggol Asri not to sacrifice local residents' ...

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Thu, 19 Dec 1996

JP/200 developers may go bust

200 developers may go bust JAKARTA (JP): Property baron Ciputra predicted yesterday about 200 developers would go bust because of the property market slump.Ciputra told a seminar yesterday these property developers had built their projects at the wrong time.

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Thu, 19 Dec 1996

JP/Fiber optic cable plant

Fiber optic cable plant JAKARTA (JP): PT Voksel Electric, in conjunction with Showa Electric of Japan, plans to build a US$15 million fiber optic cable manufacturing plant next year, the company announced yesterday.

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Thu, 19 Dec 1996

JP/Sahid group opens hotel in Mecca

Sahid group opens hotel in Mecca JAKARTA (JP): The busy Sahid Group has opened its 21st property, Sahid Suites Makkah, in Mecca, Saudi Arabia, to serve haj pilgrims from Southeast Asia.Sahid senior executive Darwin Siddyumar said here yesterday the four-star hotel had 46 rooms.

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Thu, 19 Dec 1996

JP/TV today

TV todayTVRI 2:30 a.m Travel: My Country 2:35 TV Series: Family Matters 3:05 Children's Program: Dendang Ria 3:30 Tour and Travel: 13 Wonder 4:05 Science Film: Here Come The Star 4:30 Sports: Sepak Takraw 4:55 Filler and Trailer 5:00 Regional News 5:25 News: My Country 5:30 ...

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Thu, 19 Dec 1996

JP/Johar Prince to open

Johar Prince to open JAKARTA (JP): The Johar Prince, a two-star hotel, will open in February amid the tightly competitive hotel business, a hotel executive said yesterday.

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Thu, 19 Dec 1996

JP/Govt commitment urged for pollution control

Govt commitment urged for pollution control JAKARTA (JP): Environmentalists urged the government yesterday to put into practice their political commitment to control industrial pollution.

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Thu, 19 Dec 1996

JP/Prison opened to tourists

Prison opened to tourists SEMARANG, Central Java: The island of Nusakambangan, a penal colony for hardened criminals, was opened to tourists on December 1, Sri Soebagjo of the local tourism office said.The move is part of a three-year trial he said Tuesday, Antara reported.

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Thu, 19 Dec 1996

JP/Soedradjad bemoans economic inefficiency

Soedradjad bemoans economic inefficiency JAKARTA (JP): Bank Indonesia (the central bank) Governor Soedradjad Djiwandono said yesterday he was concerned about the domestic economy's inefficiency.

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Thu, 19 Dec 1996

JP/Garuda Indonesia recives new jets

Garuda Indonesia recives new jets JAKARTA (JP): The national flag carrier Garuda Indonesia will receive the newest edition to its fleet, the Airbus A-330-300 jet, at Soekarno-Hatta International Airport today.

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Thu, 19 Dec 1996

JP/RI: Rolls-Royce's fast growing market

RI: Rolls-Royce's fast growing market DERBY, England (JP): Indonesia, as part of Asia, has emerged as a fast growing market for both Rolls-Royce aero and industrial engines.

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Thu, 19 Dec 1996

JP/More parties needed for general elections

More parties needed for general elections JAKARTA (JP): A group of critical scholars called yesterday on the government to allow more "political parties" to contest the general elections.

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Thu, 19 Dec 1996

JP/'State coould clip rights if needed'

'State coould clip rights if needed' JAKARTA (JP): A democratic national state should have the courage to take the bitter option of stripping the democratic rights from political organizations which mask their destructive goals with democratization demands, President Soeharto said yesterday.

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Thu, 19 Dec 1996

JP/Garuda gets first Trent-powered Airbus A300-300s

Garuda gets first Trent-powered Airbus A300-300s The first of Garuda's six Airbus A330-300 planes, powered by Rolls-Royce Trent 700 engines, is scheduled to arrive in Jakarta today from Airbus Industrie in Toulouse, France.

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Thu, 19 Dec 1996

JP/RI receives $42 million grant for forestry

RI receives $42 million grant for forestry JAKARTA (JP): The Ministry of Forestry yesterday received a 33 million ECU (US$42.3 million) grant from the European Commission to start the South/Central Kalimantan Production Forest Program and establish a Forest Liaison Bureau.

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Thu, 19 Dec 1996

JP/Poll watchdog seeks government recognition

Poll watchdog seeks government recognition JAKARTA (JP): Senior activists of the controversial Independent Election Monitoring Committee (KIPP) called on the government yesterday to recognize it officially.

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Thu, 19 Dec 1996

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Dec. 18, 1996: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo ...

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Thu, 19 Dec 1996

JP/14 people killed, 25,000 homeless in bad fire year

14 people killed, 25,000 homeless in bad fire year JAKARTA (JP): Fourteen people died, 54 were injured and 25,509 people lost their homes in fires to Dec. 3 this year, city fire department records show.The 678 fires, an average of two a day, caused Rp 55.3 billion damage.

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Thu, 19 Dec 1996

JP/Drag Race in Sentul

Drag Race in Sentul JAKARTA (JP): The Grand Final of the Get Lucky Drag Race is scheduled to be staged on Dec. 21 at the Sentul Circuit, Bogor, West Java.Dancing troupe GIGI, Harry Roesli and Second Born, will entertain the crowd between races.

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Thu, 19 Dec 1996

JP/SIA increases flights

SIA increases flights JAKARTA (JP): Singapore Airlines is to increase the number of its shuttle flights between Singapore and Jakarta starting Jan 1, bringing total shuttle flights to eight.Passengers from Jakarta will be able to fly to Singapore between 7 a.m. and 9:30 p.m.

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Thu, 19 Dec 1996

JP/$189m for business training for the poor

$189m for business training for the poor JAKARTA (JP): The government has linked up with private universities across the country to provide training on entrepreneurship to the poor, a senior official said yesterday.

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Thu, 19 Dec 1996

JP/Negative media reports affect Timor car sales

Negative media reports affect Timor car sales JAKARTA (JP): Negative media reports and a fear of poor after- sales services have affected sales of the country's controversial national car, according to its distributor.

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Thu, 19 Dec 1996

JP/Return to the sea, Soeharto says

Return to the sea, Soeharto says JAKARTA (JP): President Soeharto said yesterday it was now time for Indonesian people to "return to the sea" because land resources were no longer adequate to meet their needs.In a speech delivered by State Minister of Research and Technology B.J.

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Thu, 19 Dec 1996

JP/Bank Surya splits stocks

Bank Surya splits stocks JAKARTA (JP): Shareholders of th publicly-listed Bank Surya approved here yesterday a plan to cut the nominal price of the bank's shares to Rp 5,00 from Rp 1,000 (43 U.S. cent).

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Thu, 19 Dec 1996

JP/Tourist police squad set up

Tourist police squad set up JAKARTA (JP): National Police Chief Lt. Gen. Dibyo Widodo inaugurated a tourist police unit, called "Polisi Pariwisata" (Police for Tourists), yesterday at the Jakarta Police headquarters.

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Thu, 19 Dec 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, Wednesdy, 9 p.m. to 12:30 a.

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Thu, 19 Dec 1996

JP/Dutch defendant gives birth

Dutch defendant gives birth TANGERANG, West Java (JP): A Dutch woman on trial for trafficking 11,370 Ecstasy pills gave birth to a baby boy at Tangerang General Hospital yesterday."I'm happy. I named him Johny Junior, after his father. My family has contacted my husband.

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Thu, 19 Dec 1996

JP/Trafficker gets three years jail

Trafficker gets three years jail TANGERANG, West Java (JP): The Tangerang District Court sentenced a man to three years in jail yesterday for smuggling more than 60,000 Ecstasy pills from the Netherlands into Indonesia.

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Thu, 19 Dec 1996

JP/Banker slams central bank's policy on lending limits

Banker slams central bank's policy on lending limits JAKARTA (JP): Bank Indonesia's (the central bank) policy requiring commercial banks to observe legal lending limits is unrealistic, Bank Central Asia's president said yesterday.

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Thu, 19 Dec 1996

JP/Ciputat crossing prone to mishaps

Ciputat crossing prone to mishaps TANGERANG, West Java (JP): The Ciputat railway crossing where a family was killed late Sunday is vulnerable to accidents, a village head in the district said.

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Thu, 19 Dec 1996

JP/Aging couples taken to altar

Aging couples taken to altar KUPANG, East Nusa Tenggara: A total of 511 elderly couples took religious marriage vows in a mass wedding here on Monday, along with 2,128 other couples.

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