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

Sat, 13 Dec 1997

JP/Daewoo-Ssangyong deal a boon for customers

Daewoo-Ssangyong deal a boon for customersBy John Aglionby DAEWOO's takeover of Ssangyong Motor should benefit all concerned, the Ssangyong distributor in Indonesia believes.

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Sat, 13 Dec 1997

JP/East Java govt to help divorcees

East Java govt to help divorcees SURABAYA (JP): The East Java government has decided to provide training and Rp 200,000 (US$44) in business capital to every divorced woman or widow in the province, in an effort to curb prostitution.

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Sat, 13 Dec 1997

JP/Hoyer-Larsen meets Dong in GP Finals semis

Hoyer-Larsen meets Dong in GP Finals semis JAKARTA (JP): So close but yet so far. Hermawan Susanto was on the verge of qualifying for the semifinals of the 1997 Lipton World Grand Prix Badminton Finals at the Senayan Indoor Stadium yesterday but the 1996 Olympic gold medalist Poul-Erik ...

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Sat, 13 Dec 1997

JP/Control foreign borrowing

Control foreign borrowing The currency crisis affecting the Asian region at present constitutes an interesting phenomenon. Its end effect is a swelling of the foreign loan burdens of the countries affected as a consequence of the shift in their foreign exchange rates.

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Sat, 13 Dec 1997

JP/Australia students questioned

Australia students questioned SEMARANG, Central Java: Two Australian students, Stuart Munckton, 20, and Mary Little, 21, have been questioned by immigration officials following involvement in a demonstration during Wednesday's Human Rights Day.

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Sat, 13 Dec 1997

JP/Lament for minor languages

Lament for minor languagesBy A. Chaedar Alwasilah BANDUNG (JP): All countries have their own language policies to ascertain that the languages used facilitate national development.

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Sat, 13 Dec 1997

JP/Students demand Latief quit over misuse of funds

Students demand Latief quit over misuse of funds YOGYAKARTA (JP): After several days of lull, Minister of Manpower Abdul Latief has again become the target of harsh criticism over the alleged misuse of workers' insurance funds for the deliberation of the manpower bill.

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Sat, 13 Dec 1997

JP/Rupiah breaks 5,000 barrier against the U.S. greenback

Rupiah breaks 5,000 barrier against the U.S. greenback JAKARTA (JP): The rupiah and the stock market plunged to new uncharted lows yesterday on regional weaknesses and news that President Soeharto would cancel his trip to Kuala Lumpur, dealers and stockbrokers said.

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Sat, 13 Dec 1997

JP/ABRI blames rumors for monetary crisis

ABRI blames rumors for monetary crisis JAKARTA (JP): The Armed Forces (ABRI) is blaming Indonesia's weakening monetary situation on certain groups who are spreading malicious rumors to wane the economy.

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Sat, 13 Dec 1997

JP/Conversion Rates

Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) conversion rates on Dec. 12, 1997: Buying Selling Rp Rp U.S dollar 4,800.00 5,200.00Austrian shilling 384.

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Sat, 13 Dec 1997

JP/South Korean Choi charges into Omega PGA C'ship lead

South Korean Choi charges into Omega PGA C'ship leadBy Bobby Allan Wilson HONG KONG (JP): South Korean muscleman Choi Kyung-ju made the most of calm conditions in the early morning to fire his second successive five-under-par 65 to take the lead after the second round of the US$500,000 Omega PGA ...

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Sat, 13 Dec 1997

JP/Airport police chief fired for extortion

Airport police chief fired for extortion TANGERANG (JP): The Soekarno-Hatta International Airport police subprecinct chief has been fired for allegedly extorting money from two foreign passengers suspected to be smugglers, raising the number of senior officer dismissals in Tangerang to three over ...

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Sat, 13 Dec 1997

JP/Winnie: Africa's most dangerous woman?

Winnie: Africa's most dangerous woman?By Gwynne Dyer LONDON (JP): Sometimes, a priest is precisely the wrong person for the job. Last week in Johannesburg was one of those times.

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Sat, 13 Dec 1997

JP/Do we have to import rice?

Do we have to import rice? In Indonesia rice is a vital commodity and there are worried rumors if there is a shortage of it or prices soar beyond control. The government realizes this and always keeps a close watch on the rice situation.

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Sat, 13 Dec 1997

JP/Utut loses in world chess c'ships

Utut loses in world chess c'ships JAKARTA (JP): Indonesian Grandmaster Utut Adianto suffered his first defeat at the world chess championships in Groningen, the Netherlands, Thursday.Utut's defeat came in the first game of the second against GM Peter Svidler of Russia on the 44th move.

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Sat, 13 Dec 1997

JP/Ford Lynx slips quietly onto small car shopping lists

Ford Lynx slips quietly onto small car shopping listsBy John Aglionby You have to hand it to Ford.The economy is in turmoil and the cost of imports is rising exponentially by the day as the rupiah continues its free fall but the American company goes ahead and launches a sedan that many ...

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Sat, 13 Dec 1997

JP/Mayor asked to help settle land dispute

Mayor asked to help settle land dispute JAKARTA (JP): Governor Sutiyoso ordered East Jakarta Mayor Sudarsono to investigate and settle a dispute between a city- owned developer and a private bank over a 2,187-square-meter plot on Jl. Matraman.

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Sat, 13 Dec 1997

JP/Mercedes copy

Mercedes copy SEOUL: Korean automaker Ssangyong Motor has released what it calls a new concept vehicle, which Daimler-Benz says is a copy of its high-end S Class.

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Sat, 13 Dec 1997

JP/Mercedes-Benz lifts lid on new CLK Cabrio

Mercedes-Benz lifts lid on new CLK CabrioBy Neil McDonald MERCEDES-BENZ may have come up with the perfect compromise for Indonesian buyers looking for open-top motoring -- the new CLK Cabrio.

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Sat, 13 Dec 1997

JP/UNIDO ready to help develop RI's industry

UNIDO ready to help develop RI's industry JAKARTA (JP): The United Nations Industrial Development Organization (UNIDO) said here yesterday it was ready to work with the Indonesian government to develop the country's industrial sector.

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Sat, 13 Dec 1997

JP/Experts call for action to curb unemployment

Experts call for action to curb unemployment JAKARTA (JP): Experts are appealing to the government to take concrete measures to stop high unemployment from swelling as a result of the economic crisis.

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Sat, 13 Dec 1997

JP/TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 TV Series: The Crystal Maze 3:10 Environment: Mengenal Lingkungan 3:35 Tour and Travel: Wisata Nasional 4:00 Regional News 4:30 Sports 5:30 TV Series: Full House 6:00 News: Lintasan Berita 6:05 Nusantara, The Beloved ...

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Sat, 13 Dec 1997

JP/Windshields are more than mere glass

Windshields are more than mere glassBy T Uncle MOST car owners would be surprised to know the significance of the windshield in the overall safety structure of their vehicles.

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Sat, 13 Dec 1997

JP/New policy for village development

New policy for village development PALU, Central Sulawesi: The government has issued three new policies on village development in anticipation of the social changes occurring as a result of development and the global era.

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Sat, 13 Dec 1997

JP/Bouraq private exchange rate

Bouraq private exchange rate Did Bouraq know something about what was going to happen to the rupiah well before we all did? As of mid October it had set its own private, profit-making rate of Rp 4,100/US$ for people purchasing airline tickets.

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Sat, 13 Dec 1997

JP/Hit-and-run taxi driver kills school student

Hit-and-run taxi driver kills school student JAKARTA (JP): A taxi driver, who tried to flee after allegedly hitting a 14-year-old boy on Jl. Raya Bekasi in East Jakarta, was caught a few hours later by a motorist who gave chase.

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Sat, 13 Dec 1997

JP/Survival in Seoul

Survival in Seoul There is an air of dangerous unreality in South Korea. As the won falls through the floor and the country stares bankruptcy in the face, the leading contenders in next week's presidential poll seem more concerned about spreading the dirt on their rivals than in getting to grips ...

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Sat, 13 Dec 1997

JP/Patmawati, Winarni get Rp 50m bonus

Patmawati, Winarni get Rp 50m bonus JAKARTA (JP): National Sports Council chairman Wismoyo Arismunandar handed over Rp 50 million bonuses to weight lifters Patmawati and Winarni after they won gold medals in the World Weight lifting Championships in Chiang Mai, Thailand.

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Sat, 13 Dec 1997

JP/Tyrrell exits F1

Tyrrell exits F1 LONDON: The famous name of Tyrrell will disappear from racing at the end of next year following the team's sale to British American Racing, which is half-owned by the BAT tobacco company.

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Sat, 13 Dec 1997

JP/Appointment with danger

Appointment with danger Shocking news stories come to light almost every day here and this tendency has made our people too busy to decide which dreadful experiences are worth learning from to prevent future disasters.

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Sat, 13 Dec 1997

JP/East Timorese get death for ambush

East Timorese get death for ambush JAKARTA (JP): A district court sentenced to death two East Timorese separatist rebels Thursday for their involvement in a May 30 ambush which killed 17 security personnel in Baucau regency, East Timor.

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Sat, 13 Dec 1997

JP/Justice minister condemns arrest of prosecutors

Justice minister condemns arrest of prosecutors JAKARTA (JP): Minister of Justice Oetojo Oesman yesterday criticized the way police arrested and questioned employees of the Jakarta Provincial Prosecutor's Office for their alleged involvement in manipulating witnesses' testimonies.

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Sat, 13 Dec 1997

JP/Passengers upset over retroactive hike in airfares

Passengers upset over retroactive hike in airfares NUSA DUA, Bali (JP): Air passengers at the Soekarno-Hatta Airport in Jakarta and the Ngurah Rai Airport in Bali were upset over an unexpected retroactive increase in airfares which became effective yesterday.

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Sat, 13 Dec 1997

JP/Trio Finlandia impresses local music lovers

Trio Finlandia impresses local music loversBy Gus Kairupan JAKARTA (JP): Some time ago in the Kompas daily, there appeared a lengthy piece and interview with one of Indonesia's major orchestra conductors in which he deplored reviewers of classical music events.

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Sat, 13 Dec 1997

JP/33% cut in number of airport taxis

33% cut in number of airport taxis JAKARTA (JP): The management of Soekarno-Hatta International Airport has announced its plan to reduce the number of taxis serving the airport from 3,000 to 2,000 as of next month.

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Sat, 13 Dec 1997

JP/Soeharto cancels KL summit trip

Soeharto cancels KL summit trip JAKARTA (JP): President Soeharto has canceled his trip to Kuala Lumpur for the 30th commemorative summit of the Association of South East Asian Nations (ASEAN) next week.

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Sat, 13 Dec 1997

JP/Network marketing

Network marketing My short piece of sensible advice about the essential differences between network marketing companies and pyramids schemes seems to have scored a direct hit on two readers.

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Sat, 13 Dec 1997

JP/Try laments RI's human resources

Try laments RI's human resources JAKARTA (JP): Vice President Try Sutrisno expressed concern yesterday about the worrisome quality of Indonesia's human resources development.

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Sat, 13 Dec 1997

JP/Two Indonesian VJs rise from pack to 'MTV' screens

Two Indonesian VJs rise from pack to 'MTV' screensBy Yogita Tahil Ramani and Edith Hartanto JAKARTA (JP): A bevy of beautiful women dance and jiggle in white, short T-shirts.

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Sat, 13 Dec 1997

JP/Celluloid selections at theaters this weekend

Celluloid selections at theaters this weekend JAKARTA (JP): Here is a glance at movies on this weekend, and one opening soon. Flubber. Cast: Robin Williams, Marcia Gray Hayden. Director: Les Mayfield.

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Sat, 13 Dec 1997

JP/Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Painting Exhibition: Impressions of Indonesia by Hetty Ansing at the Nusantara Gallery, Jl. Arteri Raya, Paradiso Executive Complex, Central Jakarta, until Jan. 10. * Painting Exhibition: Nuansa Cakrawala, by Rieta Yoedho, A. Malik A., Emily D.

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Sat, 13 Dec 1997

JP/What's wrong with Indonesian films?

What's wrong with Indonesian films?From MerdekaThe Indonesian film world is seriously sick and there is no remedy for it. It is in very poor condition and awakes only occasionally.

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Sat, 13 Dec 1997

JP/Bridgestone may raise tire prices 30% next year

Bridgestone may raise tire prices 30% next year JAKARTA (JP): PT Bridgestone Tire Indonesia said yesterday it may have to raise the price of its products 30 percent next year to meet increasing production costs.The tire company's marketing director, H.

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Sat, 13 Dec 1997

JP/Bank Lippo receives ISO 9001

Bank Lippo receives ISO 9001 JAKARTA (JP): Publicly listed Bank Lippo of the widely diversified Lippo Group has received the ISO 9001 certificate for the quality of its automatic telling machinery (ATM) system and its data center operations.

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Sat, 13 Dec 1997

JP/Reality bites for 'MTV' video jockeys

Reality bites for 'MTV' video jockeys JAKARTA (JP): Say video jockey, and several thoughts come to mind -- a gabbing cutie on TV, Donna Karan leather jackets and Manolo Blahniks, a bespectacled music buff, money, a great social life, designer Mickey Mouse goggles or a Spice Girls' interview.

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Sat, 13 Dec 1997

JP/European contenders clash in Premiership

European contenders clash in PremiershipBy Vic Mills MELBOURNE (JP): Two of England's three remaining candidates for European honors meet in the Premiership over the weekend as Aston Villa travels to Old Trafford on Monday night to face reigning champion Manchester United.

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Sat, 13 Dec 1997

JP/Lippo Securities' profit surges to Rp 236 billion

Lippo Securities' profit surges to Rp 236 billion JAKARTA (JP): Publicly listed securities firm PT Lippo Securities announced yesterday that its consolidated operating profit surged 600 percent to Rp 236 billion (US$52.44 million) in the first nine months of this year.

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Sat, 13 Dec 1997

JP/Police confiscate 70 kg of marijuana from ship passenger

Police confiscate 70 kg of marijuana from ship passenger JAKARTA (JP): Tanjung Priok Port Police arrested a ship passenger arriving from Medan, North Sumatra, for allegedly possessing 70 kilograms of marijuana, police said.The port police chief, Lt. Col.

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Sat, 13 Dec 1997

JP/Former employee deceives workers

Former employee deceives workers JAKARTA (JP): Police have arrested a former employee of state- owned telecommunications firm PT Telkom office in Jakarta for deceiving at least 13 would-be job applicants, a Telkom executive said yesterday.Deputy head of the Jakarta office Jimmy R.

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Sat, 13 Dec 1997

JP/Guard killed while patrolling factory

Guard killed while patrolling factory JAKARTA (JP): A security guard for a factory in Bekasi was found dead early yesterday with at least eight stab wounds in his body, a police officer said.Second Lt.

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Sat, 13 Dec 1997

JP/PPP to select would-be leaders

PPP to select would-be leaders JAKARTA (JP): The United Development Party (PPP) has promised it will carefully select presidential and vice presidential candidates for 1998/2003 and will name only deserving people to be brought to the People's Consultative Assembly next March.

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Sat, 13 Dec 1997

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Dec.12, 1997: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 650 -100 ...

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Sat, 13 Dec 1997

JP/ABRI won't tolerate voting, walkouts

ABRI won't tolerate voting, walkouts BANDUNG (JP): The Armed Forces forewarned yesterday those seeking to disrupt March's People's General Assembly (MPR) by "excessive" interruptions, walking out of meetings, or taking votes.Armed Forces (ABRI) Commander Gen.

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Sat, 13 Dec 1997

JP/Colombian speed

Colombian speed BARCELONA: The Formula One world is buzzing over Juan-Pablo Montoya after the Colombian set the pace in a week of testing at Barcelona last week.

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Sat, 13 Dec 1997

JP/Hardships prompt citizens to pawn their valuables

Hardships prompt citizens to pawn their valuables JAKARTA (JP): The number of people hocking their belongings at state-run pawnshops in the city has skyrocketed in the lead up to the festive season, an official said yesterday.

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Sat, 13 Dec 1997

JP/Mitsubishi to build SUV for Europe

Mitsubishi to build SUV for Europe TOKYO: Mitsubishi will begin production of a new sports- utility vehicle for the European market as early as June 1998, aiming to sell 4,000 of the vehicles monthly in Germany and other major European markets.

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Sat, 13 Dec 1997

JP/Japanese divers go missing

Japanese divers go missing UJUNGPANDANG, South Sulawesi: Police are still searching the waters for five Japanese and one Indonesian diver missing after a dive near Betang Island yesterday afternoon.

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Sat, 13 Dec 1997

JP/UN member reports on E. Timor visit

UN member reports on E. Timor visit DILI, East Timor: A visiting member of the United Nations subcommission on the prevention of discrimination and protection of minorities, Miguel Alfonso Martinez, called yesterday for a realistic view of East Timor.

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