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

Wed, 17 Dec 1997

JP/Try Sutrisno appeases confusion over politics

Try Sutrisno appeases confusion over politics JAKARTA (JP): Vice President Try Sutrisno has called on Indonesian people, especially youth, not to be confused about the current political situation.

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Wed, 17 Dec 1997

JP/Bumbu's seasoning spices up eclectic decor

Bumbu's seasoning spices up eclectic decor "Where does one get a good, reasonably priced Indonesian meal?" friends visiting the city recently asked me.

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Wed, 17 Dec 1997

JP/Extra buses ready for Idul Fitri

Extra buses ready for Idul Fitri SEMARANG, Central Java: The land transportation office has prepared 24,815 buses for the Idul Fitri and New Year exodus, an official said here Monday."In addition to the buses prepared, an extra 188 buses will be operated during Idul Fitri," Rasiswo said.

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Wed, 17 Dec 1997

JP/North-south split opens at top of Premiership

North-south split opens at top of PremiershipBy Vic Mills MELBOURNE (JP): The gulf between north and south in the English Premiership widened at the weekend as Manchester United, Blackburn Rovers and Leeds United all stole a march on their southern rivals Chelsea and Arsenal.

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Wed, 17 Dec 1997

JP/Sahid International, Park Plaza forms alliance

Sahid International, Park Plaza forms alliance JAKARTA (JP): Sahid International Hotel Management and Consultant will form an alliance with Park Plaza International (PPI) Asia Pacific Pty Ltd to jointly tap the growing hotel industry in the region.

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Wed, 17 Dec 1997

JP/UN vows to accelerate E. Timor settlement

UN vows to accelerate E. Timor settlement JAKARTA (JP): United Nations Secretary-General Kofi Annan pledged yesterday to accelerate his efforts to help Indonesia and Portugal settle the East Timor issue.

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Wed, 17 Dec 1997

JP/Four teenagers die in fire

Four teenagers die in fire SAMARINDA, East Kalimantan: Four teenagers burned to death when they failed to escape a fire that razed at least 70 houses in Tanjung Redep district, Berau regency, East Kalimantan province last Sunday.

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Wed, 17 Dec 1997

JP/Attorney General vows to probe officials' conduct

Attorney General vows to probe officials' conduct JAKARTA (JP): Attorney General Singgih announced yesterday that a team of investigators would probe the alleged role of employees from the Jakarta Provincial Prosecutor's Office in influencing witnesses' testimonies.

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Wed, 17 Dec 1997

JP/Foreigners fathered RI's graft

Foreigners fathered RI's graftBy Donna K. Woodward MEDAN (JP): Indonesia is a country often at the top of the world's lists of the most corrupt countries.

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Wed, 17 Dec 1997

JP/Naval parade in Surabaya

Naval parade in Surabaya SURABAYA, East Java: To celebrate its 52nd anniversary, the Indonesian Navy held a big parade here Sunday.Some 5,224 personnel participated in the parade which also featured models of battleships and the Jalesveva Jayamahe Monument.

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Wed, 17 Dec 1997

JP/Whence come rumors?

Whence come rumors? Public concern about the health of President Soeharto has apparently been exploited by some people to instill fear into the financial markets, leading to the renewed free-fall of the rupiah these past few days.

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Wed, 17 Dec 1997

JP/TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 TV Series: Big Brother Jake 3:10 Indonesian Children 3:35 Talk Show: Kotak Pos 4:00 Regional News 4:30 Education Quiz: Cepat Tepat 5:10 TV Series: Road to Avonlea 5:55 Music 6:00 News: Lintasan Berita 6:05 Nusantara, ...

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Wed, 17 Dec 1997

JP/Ajib to fight Thai in WBF title defense

Ajib to fight Thai in WBF title defense JAKARTA (JP): Indonesian World Boxing Federation (WBF) welterweight junior titleholder Ajib Albarado is ready to defend his title in today's bout against Thailand's Umnard Sukhthai at the Indosiar building.

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Wed, 17 Dec 1997

JP/House does not need code of ethics

House does not need code of ethics Following bribery allegations of some members of the House of Representatives (DPR), leaders of all four factions of the House have approved a plan to set up an ethics code for legislators.

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Wed, 17 Dec 1997

JP/Food shortage requires urgent action: Megawati

Food shortage requires urgent action: Megawati JAKARTA (JP): Megawati Soekarnoputri warned the government yesterday that while the economic crisis can be cured in the long-term, the problem of hunger is urgent and should be dealt with immediately.

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Wed, 17 Dec 1997

JP/Bank channel loans to small enterprises

Bank channel loans to small enterprises JAKARTA (JP): Bank Indonesia, the central bank, said yesterday that subsidized loans for small- and medium-scaled enterprises had been made available through state banks and Bank Bukopin since early this month.

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Wed, 17 Dec 1997

JP/Rupiah strengthens, stocks gain

Rupiah strengthens, stocks gain JAKARTA (JP): Bank Indonesia gave a push to the rupiah yesterday, which slipped to a record low of 6,000 against the U.S. dollar, while local stock prices gained ground, currency dealers and stockbrokers said.

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Wed, 17 Dec 1997

JP/Conversion rates

Conversion rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) conversion rates on Dec. 16, 1997: Buying Selling Rp Rp U.S dollar 5,200.00 5,800.00Austrian shilling 403.80 466.

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Wed, 17 Dec 1997

JP/Expert warns of Mt. Merapi lahar

Expert warns of Mt. Merapi lahar SEMARANG, Central Java: The large lahar dome on the peak of Mount Merapi has begun to crack and poses a real threat as the region enters the rainy season, according to a volcanology official.

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Wed, 17 Dec 1997

JP/Pyramids are losers

Pyramids are losers Another anonymous letter from Dec. 15, immediately launching a personal attack on me, gives the real game away about pyramids by his phrase "must have belonged to a fortunate person at the top position of the pyramid". That's the whole point.

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Wed, 17 Dec 1997

JP/S'poreans jailed for smuggling pills

S'poreans jailed for smuggling pills TANGERANG (JP): The local district court here sentenced two Singaporeans to four years in jail each for attempting to smuggle thousands of Ecstasy pills into the country late last year.

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Wed, 17 Dec 1997

JP/Pelabuhan Ratu puts best face on for cultural festival

Pelabuhan Ratu puts best face on for cultural festival JAKARTA (JP): Preparations are underway for a special week of festivities at the Pelabuhan Ratu coastal area in West Java.

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Wed, 17 Dec 1997

JP/RI gymnasts up for SEAGCON

RI gymnasts up for SEAGCON JAKARTA (JP): The Indonesian Gymnastics Association will send nine gymnasts to the fourth Southeast Asian Games Confederation (SEAGCON) junior gymnastics championships in Kuala Lumpur from Dec. 17 to Dec. 22.

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Wed, 17 Dec 1997

JP/Unicef officer tells govt to maintain food supply

Unicef officer tells govt to maintain food supply JAKARTA (JP): A Unicef officer appealed to the government yesterday to issue a special policy to enable households, particularly those still living in poverty, to maintain their food supply during the economic crisis.

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Wed, 17 Dec 1997

JP/Gas field found in Fak-fak

Gas field found in Fak-fak SORONG, Irian Jaya: A huge natural gas field, believed to be the biggest in Indonesia, has been found in Bomberai village, Fak-fak, Irian Jaya.

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Wed, 17 Dec 1997

JP/Military braces for massive layoffs

Military braces for massive layoffs SURABAYA (JP): The East Java military is bracing itself for large scale demonstrations in anticipation of the expected 6,000 layoffs likely to occur in January.Maj. Gen.

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Wed, 17 Dec 1997

JP/Travel industry warned of rates

Travel industry warned of rates JAKARTA (JP): A senior tourism executive has warned Indonesia's travel industry and related businesses to set realistic prices to survive global tourism competition.

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Wed, 17 Dec 1997

JP/Medco raises output of Sumatra oil field

Medco raises output of Sumatra oil field JAKARTA (JP): Oil company PT Exspan Kalimantan, a subsidiary of Medco Energi Corp, has increased the output of the Kaji Semoga oil field in South Sumatra by 7,000 barrels per day (bpd) to 10,000 bpd."The development of the oil field is continuing.

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Wed, 17 Dec 1997

JP/Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Photo Exhibition: Kilas Balik 97, at Galeri Foto Jurnalistik Antara, Jl. Antara No. 59 Pasar Baru, Central Jakarta, daily except Monday, 11:30 a.m. to 7:30 p.m., Dec. 17 through Jan. 14. Followed by discussions with photographer and public, at 2 p.m., Dec. 20.

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Wed, 17 Dec 1997

JP/Medical check-ups from military

Medical check-ups from military JAKARTA (JP): More than 1,700 Tambora residents in West Jakarta received free medical check-ups yesterday from the Jakarta Military Command in a public-service activity to commemorate its 42nd anniversary this year.Commander Maj. Gen.

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Wed, 17 Dec 1997

JP/Regent threatens karaoke bars

Regent threatens karaoke bars PALANGKARAYA, Central Kalimantan: Kotawaringin Timur Regent Didik Salmijardi has threatened to burn down karaoke bars which continued operations without permits, Antara reported yesterday.

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Wed, 17 Dec 1997

JP/France wins world c'ships: Bermuda Bowl

France wins world c'ships: Bermuda BowlBy Djanwar Madjolelo JAKARTA (JP): Congratulations first to France which has achieved the great feat of being Olympiad and Bermuda Bowl Champions in consecutive years: 1996 and 1997.

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Wed, 17 Dec 1997

JP/Three students die in collision

Three students die in collision LHOKSEUMAWE, Aceh: Three high school students were killed in a collision between a bus and truck yesterday morning.Antara reported that the bus, which was carrying about 40 students, was believed to have been speeding when the accident occurred.

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Wed, 17 Dec 1997

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Dec. 16, 1997: Shares Close Change Trading Volume ------------------------------------------------------ Ades Alfindo 650 0 ...

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Wed, 17 Dec 1997

JP/Pensioners protest failed payments

Pensioners protest failed payments MEDAN, North Sumatra: Hundreds of former employees of a state- owned plantation company here demonstrated at the provincial legislative council denouncing the company's failure to pay their pension for six years.

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Wed, 17 Dec 1997

JP/PLA expands its business empire for additional revenue

PLA expands its business empire for additional revenue LONDON: Renewed criticism by the U.S. Congress of China's domestic and foreign policies overshadowed the successful summit on Oct. 29, 1997 between Chinese President Jiang Zemin and U.S. President Bill Clinton.

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Wed, 17 Dec 1997

JP/No perks, no village chief

No perks, no village chief JAKARTA (JP): Minister of Home Affairs Moch. Yogie SM is concerned that fewer people will want to become village chiefs because the perks, such as the provision of free land, are no longer available.

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Wed, 17 Dec 1997

JP/PT Telkom wary over telephone line target

PT Telkom wary over telephone line target JAKARTA (JP): State-owned PT Telkom and its private partners will face difficulties in meeting the government's target to install eight million telephone lines in the current Sixth Five- Year Development Plan.

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Wed, 17 Dec 1997

JP/28 caught without ID cards

28 caught without ID cards JAKARTA (JP): Central Jakarta Police have rounded up 28 people who were caught without their identification cards (KTP) during an operation at Senen market, an officer said yesterday.Second Lt.

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Wed, 17 Dec 1997

JP/Only radical reforms can end present crisis, says scholar

Only radical reforms can end present crisis, says scholar JAKARTA (JP): Political scholar Nurcholish Madjid said yesterday the nation must be willing to engage in radical political and economic reforms if it is to lift itself from the monetary crisis.

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Wed, 17 Dec 1997

JP/China faces up to ASEAN facts

China faces up to ASEAN facts There is no mistaking the atmosphere of gloom at this ASEAN meeting. It is likely that the participants at this ASEAN summit will work out some program for mutual assistance. How effective this will be remains to be seen.

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Wed, 17 Dec 1997

JP/Enron seeks to revive US$525m power project

Enron seeks to revive US$525m power project JAKARTA (JP): Enron International, a major American energy company, is seeking to revive its US$525 million power project in East Java which the government postponed in September as part of spending cuts forced by the currency crisis.

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Wed, 17 Dec 1997

JP/PPP opts to wait and see on presidential candidate

PPP opts to wait and see on presidential candidate JAKARTA (JP): Despite prolonged debate, the United Development Party (PPP) failed to agree yesterday on its presidential candidate and deferred the job of announcing the name to chairman Ismail Hasan Metareum.

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Wed, 17 Dec 1997

JP/Most discotheques, cafes ignore rules

Most discotheques, cafes ignore rules JAKARTA (JP): Most cafes and discotheques in Jakarta have failed to win an Excellence in Tourism award because they constantly breach regulations, an official said yesterday.

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Wed, 17 Dec 1997

JP/Businessman may get 4 years for stealing designer watches

Businessman may get 4 years for stealing designer watches JAKARTA (JP): A prosecutor asked Central Jakarta District Court yesterday to sentence a businessman to four years in jail for allegedly masterminding the theft of watches worth Rp 3.9 billion (US$678.60).Prosecutor Y.W.

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Wed, 17 Dec 1997

JP/Assembly may drop draft on human rights charter

Assembly may drop draft on human rights charter JAKARTA (JP): The People's Consultative Assembly came closer yesterday to reaching a decision to reject motions for human rights protection sponsored by minority factions.

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Wed, 17 Dec 1997

JP/Investment funds of Jamsostek 'mismanaged'

Investment funds of Jamsostek 'mismanaged' JAKARTA (JP): The returns on investment by state-owned social insurance company PT Jamsostek are still below average as most investments are mismanaged, according to the Econit Advisory Group.

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Wed, 17 Dec 1997

JP/RI's youth suffer from crisis of values

RI's youth suffer from crisis of values JAKARTA (JP): Researchers say young Indonesians today suffer from anomie. They do not know right from wrong.

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Wed, 17 Dec 1997

JP/Gates must open up to fair competition

Gates must open up to fair competition Critics of Bill Gates, co-founder of the Microsoft Corporation, have been numerous, adamant and persistent. The criticism has not been directed at Gates personally, although some people may resent the adulation that has been lavished on him by the media.

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Wed, 17 Dec 1997

JP/Labor insurance

Labor insuranceFrom KompasAs a member of the Astek/Jamsostek (labor insurance) program, I would like a clear explanation of a number of things. According to articles six and 25 of Law No.

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Wed, 17 Dec 1997

JP/Devaluation

Devaluation The present economic situation reminds me of a bitter experience a long time ago. About four decades ago, I was approached by an insurance salesman, who cajoled me into signing a life insurance deal.

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