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

Tue, 04 Nov 1997

JP/Transvestite killed in East Jakarta

Transvestite killed in East Jakarta JAKARTA (JP): The bound body of a 28-year-old transvestite who owned a modeling agency and also worked as a choreographer was found dead Sunday in his house in East Jakarta.

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Tue, 04 Nov 1997

JP/Bakrie Pipe gets $80 million loan

Bakrie Pipe gets $80 million loan JAKARTA (JP): Steel pipe maker PT Bakrie Pipe Industries, a subsidiary of PT Bakrie and Brothers, has secured a US$80 million syndicated loan from local and foreign finance companies to refinance its foreign debts.

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Tue, 04 Nov 1997

JP/Batik copyright urgent, Try says

Batik copyright urgent, Try says YOGYAKARTA (JP): Vice President Try Sutrisno called on Indonesian batik designers and artists yesterday to pursue copyrights of their designs to protect against long-term financial loss.

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Tue, 04 Nov 1997

JP/Busang scandal barely impacts mining investment

Busang scandal barely impacts mining investment JAKARTA (JP): The scandal over the Busang gold field in East Kalimantan, which involved Canadian exploration company Bre-X Minerals, did not have much of an impact on Canadian mining investment, a Canadian official said yesterday.

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Tue, 04 Nov 1997

JP/IMF's reform package will be costly

IMF's reform package will be costly The International Monetary Fund (IMF) has finally agreed to provide Indonesia with a reform package comprising of financial assistance and a set of policy measures to overcome its economic problems. Economist Kwik Kian Gie takes a close look at this package.

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Tue, 04 Nov 1997

JP/Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Batik Exhibition, by Maartri Djorghi, at Galeri TC (Twilight Cafe), Jl. Kemang Raya No.24 A South Jakarta, 11:30 a.m. to 12 p.m., until Nov. 8. * Painting Exhibition: From Mooi Indie to Persagi, at Museum Seni Rupa Jakarta, Jl.

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Tue, 04 Nov 1997

JP/Six precincts to get new chiefs

Six precincts to get new chiefs JAKARTA (JP): Six of the nine police precincts in the Greater Jakarta area would get new chiefs, said City Police Spokesman Lt. Col. E. Aritonang yesterday.

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Tue, 04 Nov 1997

JP/Hospital and conscience

Hospital and conscience Last Sunday night, my driver's son was caught in a fight and stabbed in his stomach. His friends rushed him to the nearest public hospital: RS Fatmawati.

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Tue, 04 Nov 1997

JP/'Batik' dress

'Batik' dress It is wonderful to see the outlook of the Indonesian government in holding an international batik conference for the first time in Yogyakarta next week.

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Tue, 04 Nov 1997

JP/Arya Setyaki wins Indonesia Kart Race

Arya Setyaki wins Indonesia Kart Race JAKARTA (JP): Jakartan Arya Setyaki won the overall Indonesia Kart Race 1997 title at the Sentul circuit, near Bogor, Sunday.Setyaki, 19, a student at Trisakti University won with a total of 106 points from the seven legs of the race.

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Tue, 04 Nov 1997

JP/Government told to be honest

Government told to be honest JAKARTA (JP): More than ever before the government needs to be "honest and transparent" in order to avoid possible social unrest following the country's deepening economic woes, a cabinet minister said here yesterday.

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Tue, 04 Nov 1997

JP/Bogor team to represent Indonesia

Bogor team to represent Indonesia JAKARTA (JP): T. Sugianto, Zainal Effendi and Anthony Hatuley from the Bogor golf club won the 1997 Johnnie Walker Inter-team Championship national final at the Jagorawi Golf and Country Club Sunday.

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Tue, 04 Nov 1997

JP/New government economic policy

New government economic policy JAKARTA (JP): The following is the full text of the government's statement on its new economic policy announced on Nov. 3, 1997.1. The government is today announcing a series of economic policy measures.

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Tue, 04 Nov 1997

JP/Tiger eats three goats

Tiger eats three goats BOGOR (JP): A tiger has eaten three goats over the past five weeks in Pulasari village, adjacent to the Ciaten tea plantation in the Leuwiliang subdistrict, Bogor, a village resident said.

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Tue, 04 Nov 1997

JP/Preventing future forest fires (2)

Preventing future forest fires (2)By Aleksius Jemadu This is the second of two articles on how we can prevent forest fires in the future.

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Tue, 04 Nov 1997

JP/Central bank advises public not to panic

Central bank advises public not to panic JAKARTA (JP): The governor of Bank Indonesia, Soedradjad Djiwandono, dismissed rumors yesterday that more banks would be liquidated and urged people to remain calm.

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Tue, 04 Nov 1997

JP/China's Jiang Zemin evokes Pearl Harbor history

China's Jiang Zemin evokes Pearl Harbor history Chinese President Jiang Zemin's just completed eight-day tour of the United States was hardly the landmark visit which the Chinese said it would be.

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Tue, 04 Nov 1997

JP/Tering Bay Open tees off today

Tering Bay Open tees off today BATAM ISLAND, Riau (JP): About 140 professional and amateur golfers from both host Indonesia and neighboring southeast Asian countries are expected to take part in the Tering Bay Open Golf Championships which tees off here today.

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Tue, 04 Nov 1997

JP/Udin's alleged killer freed from murder charge

Udin's alleged killer freed from murder charge YOGYAKARTA (JP): Prosecutors yesterday dropped their case against Dwi Sumadji, accused of murdering Bernas daily journalist Fuad Muhammad Syafrudin, and called for his release after conceding there was insufficient evidence to support their case.

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Tue, 04 Nov 1997

JP/PDAM Jaya holds writing contest

PDAM Jaya holds writing contest JAKARTA (JP): The city-owned water company PDAM Jaya is holding a writing contest for Jakartans and members of the Indonesian Journalists Association's city branch to commemorate its 75th anniversary.

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Tue, 04 Nov 1997

JP/Rupiah rises 8 percent on joint intervention, reform

Rupiah rises 8 percent on joint intervention, reform JAKARTA (JP): The rupiah rose 8 percent against the U.S. dollar in hectic trading yesterday as Indonesian, Singaporean and Japanese central banks jointly intervened in the market to support the rupiah, dealers said.

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Tue, 04 Nov 1997

JP/Chinese medicine seller deported

Chinese medicine seller deported JAMBI: Immigration authorities announced yesterday that they would deport a Chinese national, Chen Liyun, 45, for misusing his visa.

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Tue, 04 Nov 1997

JP/Timor denies rumors of acquisition by Astra

Timor denies rumors of acquisition by Astra JAKARTA (JP): The producer of the internationally debated national car, PT Timor Putra Nasional (TPN), denied yesterday it would be taken over by automobile giant PT Astra International.

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Tue, 04 Nov 1997

JP/U.S. financier Soros wants rules on global currency

U.S. financier Soros wants rules on global currencyBy Gwynne Dyer "Markets (have) become inherently unstable, there is nothing to hold them. They can move in unexpected ways and become chaotic.

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Tue, 04 Nov 1997

JP/Soldier held for exploding grenade

Soldier held for exploding grenade BANDAR LAMPUNG, Lampung: A soldier is currently being detained after he accidentally exploded a grenade while on leave last month near his parents' home in Metro-Kibang, Central Lampung.Col. C.

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Tue, 04 Nov 1997

JP/Minivan drivers on strike

Minivan drivers on strike JAKARTA (JP): Dozens of minivan drivers went on strike yesterday to protest hoodlums' ongoing extortion racket in Tanah Abang, Central Jakarta. Their action left hundreds of people temporarily stranded.

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Tue, 04 Nov 1997

JP/NU shuns succession debate

NU shuns succession debate SEMARANG (JP): Chairman of the influential Moslem organization Nahdlatul Ulama (NU), Abdurrahman Wahid, called on members to stay away from the presidential succession debate saying that the matter would be deliberated by the People's Consultative Assembly (MPR).

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Tue, 04 Nov 1997

JP/Embraced couples found dead in car

Embraced couples found dead in car UJUNGPANDANG, South Sulawesi: Two young couples were found dead in an embrace yesterday inside their van.

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Tue, 04 Nov 1997

JP/Bank liquidations spark uncertainty

Bank liquidations spark uncertainty JAKARTA (JP): Many people are leading miserable and uncertain lives in the wake of the government closing 16 unhealthy banks Saturday.

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Tue, 04 Nov 1997

JP/TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 Children's Film: The Big Valley 3:10 Teenager's Program: Remaja Indonesia 3:35 Economic News 4:00 Regional News 4:30 Science and Technology 5:00 English Lessons 5:30 Documentary Film 6:00 News: Lintasan Berita 6:05 ...

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Tue, 04 Nov 1997

JP/Monopoly curbed, trade tariffs cut

Monopoly curbed, trade tariffs cut JAKARTA (JP): The government decided yesterday to abolish the National Logistic Agency's (Bulog) right to a monopoly on several food commodities, allow foreign-owned firms to distribute their own products throughout the country and cut import tariffs and export ...

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Tue, 04 Nov 1997

JP/'GO' wins SEA Games photo contest

'GO' wins SEA Games photo contest JAKARTA (JP): Sudewa from GO tabloid, with his photo Memang Indah (It's Beautiful), was yesterday declared the winner of the 19th SEA Games photo competition, which was sponsored by Konica, and won the Rp 1.5 million (US$458) first prize.Johny T.

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Tue, 04 Nov 1997

JP/Flood prevention

Flood prevention It was reassuring to see during the past week that some preemptive action is being taken to minimize potential flooding by cleaning out some of the drains.

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Tue, 04 Nov 1997

JP/Wasur Park imperiled by development onslaught

Wasur Park imperiled by development onslaughtBy Ais Latuputty MERAUKE, Irian Jaya (Antara): The inexorable march of development is eating away at pristine Wasur National Park, home to Southeast Asia's largest wetland area.Its 413,000 hectares in Irian Jaya were formerly closed to all development.

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Tue, 04 Nov 1997

JP/Andromeda may challenge bank closure in court

Andromeda may challenge bank closure in court JAKARTA (JP): Bank Andromeda's owners may challenge Minister of Finance Mar'ie Muhammad's decision to shut the bank in the Jakarta Administrative Court, shareholder Bambang Trihatmodjo said yesterday.

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Tue, 04 Nov 1997

JP/Ricky Putra to go public next month

Ricky Putra to go public next month JAKARTA (JP): Garment company PT Ricky Putra Globalindo plans to sell 60 million new shares, or 37.5 percent of enlarged shares, to the public next month to strengthen the its operations and repay loans.

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Tue, 04 Nov 1997

JP/200,000 risk developing cancer yearly: Expert

200,000 risk developing cancer yearly: Expert JAKARTA (JP): At least one out of every 1,000 Indonesians are at risk of developing cancer every year, according to Melissa L. Luwia of the Indonesian Cancer Foundation.

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Tue, 04 Nov 1997

JP/Indonesia pays tribute to Pranadjaja

Indonesia pays tribute to Pranadjaja JAKARTA (JP): Pranadjaja Djojodinoto, Indonesia's renowned tenor, and classical and pop music teacher, left his Jl. Radio IV residence in South Jakarta for the last time yesterday to the song of As Long As I Have Music performed by 35 of his students.

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Tue, 04 Nov 1997

JP/Closing bad banks

Closing bad banks Fostering a sound banking sector through orderly financial conditions and a good monetary system has always been a core component of IMF-supported programs in its member countries, as again amply evidenced by Indonesia's latest reform package.

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Tue, 04 Nov 1997

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 3, 1997: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 875 ...

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Tue, 04 Nov 1997

JP/Golkar's policy draft to be used as reference

Golkar's policy draft to be used as reference JAKARTA (JP): After a week of debate, minority factions in the People's Consultative Assembly (MPR) agreed yesterday to use Golkar's draft as the outline for drawing up the coming state policy guidelines (GBHN).

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Tue, 04 Nov 1997

JP/Violation of high-rise building permits 'rife'

Violation of high-rise building permits 'rife' JAKARTA (JP): Most developers in Jakarta have violated permits for the construction of high-rise buildings, a businessman said yesterday.

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Tue, 04 Nov 1997

JP/AIDS meeting targets truck, bus drivers

AIDS meeting targets truck, bus drivers JAKARTA (JP): Twenty inter-city truck and bus drivers are participating in a three-day meeting on HIV/AIDS here beginning yesterday.

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Tue, 04 Nov 1997

JP/Singaporean arrested for drug smuggling

Singaporean arrested for drug smuggling JAKARTA (JP): Customs officials at Soekarno-Hatta International Airport have arrested a Singaporean man for allegedly smuggling 4.106 kilograms of methamphetamine, the main ingredient of Ecstasy.

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Tue, 04 Nov 1997

JP/'Pocong' oath a unique religious way to settle disputes

'Pocong' oath a unique religious way to settle disputesBy Sumanto GROBOGAN, Central Java (JP): Tension gripped some 1,000 people taking part in the pocong oath procession held at Baitul Makmur mosque in Purwodadi here one morning.

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Tue, 04 Nov 1997

JP/Economist challenges liquidation measure

Economist challenges liquidation measure JAKARTA (JP): Economist Didik J. Rachbini said yesterday that the government's decision to liquidate 16 private banks was based on nontransparent criteria.

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Tue, 04 Nov 1997

JP/Avoiding traffic jams

Avoiding traffic jams In the last few months I have read a number of articles and letters on the 3-in-1 topic to find myself utterly amazed by what people have been presenting. It seems that most of them have completely missed the point of what the government is trying to accomplish.

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