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

Fri, 19 Dec 1997

JP/Improvement of ASEAN-EU trade ties called for

Improvement of ASEAN-EU trade ties called for JAKARTA (JP): Vice President Try Sutrisno yesterday called on the Association of Southeast Asian Nations (ASEAN) and European Union (EU) to eliminate trade barriers.

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Fri, 19 Dec 1997

JP/Vice governor gets award from Pope

Vice governor gets award from Pope KUPANG, East Nusa Tenggara: The Vice Governor of East Nusa Tenggara (NTT), Piet Alexander Tallo, has received a commendation from Pope John Paul II in recognition of his work in bringing peace and harmony to the province's religious communities.

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Fri, 19 Dec 1997

JP/Mandela's legacy

Mandela's legacy Today, at an African National Congress convention in the town of Mafikeng, Nelson Mandela begins the process of handing over power as he winds down his presidency.The next 18 months will be an anxious time for South Africans as their revered leader withdraws from the limelight.

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Fri, 19 Dec 1997

JP/Excelcomindo Pratama expands to Lombok

Excelcomindo Pratama expands to Lombok JAKARTA (JP): Private cellular operator PT Excelcomindo Pratama, which runs the GSM-XL cellular service, has expanded its service to Lombok, West Nusa Tenggara, by installing nine base transceiver stations (BTS) on the island.

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Fri, 19 Dec 1997

JP/VP's role to increase in future

VP's role to increase in futureBy Hermawan Sulistyo JAKARTA (JP): The life expectancy for men in Indonesia is 54, while for its women it is 57.

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Fri, 19 Dec 1997

JP/PPP's comic tragedy

PPP's comic tragedy The United Development Party (PPP) seems to be having a problem fulfilling the promises it made during the May general election campaign to sponsor political reform.

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Fri, 19 Dec 1997

JP/Austrade opens Medan office

Austrade opens Medan office MEDAN, North Sumatra: An Australian Trade Commission office was opened here Wednesday, with the aim of boosting further Australian economic cooperation with Sumatra.The office, located on Jl.

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Fri, 19 Dec 1997

JP/Taufik eying silver in Cannes

Taufik eying silver in Cannes JAKARTA (JP): Taufik Hailai of Indonesia has a chance to finish as runner-up in the 10-year-old age group of the Junior World Chess Championships in Cannes, France after winning one point against Briton Gawain Jones early yesterday.

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Fri, 19 Dec 1997

JP/Conversion Rates

Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) conversion rates on Dec. 18, 1997: Buying Selling Rp Rp U.S dollar 4,800.00 5,400.00Austrian shilling 374.20 432.

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Fri, 19 Dec 1997

JP/City hires unemployed workers

City hires unemployed workers JAKARTA (JP): The city is to employ an additional 5,000 unskilled workers per month from January to tackle rising unemployment caused by the economic and monetary crisis, an official said yesterday.

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Fri, 19 Dec 1997

JP/Special team needed to settle crisis: Bambang

Special team needed to settle crisis: Bambang JAKARTA (JP): Leading businessman Bambang Trihatmodjo called yesterday for the establishment of a special team of professionals to help the government tackle the economic crisis.

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Fri, 19 Dec 1997

JP/Casas survives scares to reach matchplay semis

Casas survives scares to reach matchplay semisBy Bobby Alan Wilson CLARKFILED, Philippines (JP): Filipino Felix Casas survived two rounds of thrilling matchplay golf yesterday to book a semifinal berth against Des Terblanche of South Africa in the Omega Tour's Volvo Asian Matchplay at Mimosa Golf ...

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Fri, 19 Dec 1997

JP/Repeat offenders jailed for theft

Repeat offenders jailed for theft BOGOR (JP): The local district court has sentenced two men to three years in jail each and another to two years for stealing electronic goods worth Rp 5 million (US$1,000) in five separate robberies.Presiding judge Gunalita said Wednesday that M.

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Fri, 19 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., until Jan. 14. Followed by discussions with photographer and public, at 2 p.m., on Dec. 20.

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Fri, 19 Dec 1997

JP/Central Jakarta clinic owner denies abortion allegations

Central Jakarta clinic owner denies abortion allegations JAKARTA (JP): The owner of a clinic in Central Jakarta attended a local police subprecinct yesterday to deny neighbors' accusation that she performed abortions.Central Jakarta Police chief Lt. Col.

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Fri, 19 Dec 1997

JP/BI to intensify banking sector reform: Soedradjad

BI to intensify banking sector reform: Soedradjad JAKARTA (JP): Bank Indonesia Governor J. Soedradjad Djiwandono said the government would intensify financial reforms after last month's closure of 16 private banks.

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Fri, 19 Dec 1997

JP/Supreme Court drops activists' appeals

Supreme Court drops activists' appeals SURABAYA (JP): The Supreme Court has upheld a lower court's sentences on youth activists Dita Indahsari and Coen Husein Pontoh who were convicted of subversion earlier this year.

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Fri, 19 Dec 1997

JP/Property sector to get worst next year, REI says

Property sector to get worst next year, REI says JAKARTA (JP): The country's property sector, which had been severely bruised by the monetary crisis, could see a worse market situation next year, a speaker at a seminar said here yesterday.

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Fri, 19 Dec 1997

JP/Matahari raises Rp 902 billion from sales of rights shares

Matahari raises Rp 902 billion from sales of rights shares JAKARTA (JP): The country's largest retailer, PT Matahari Putra Prima, has raised about Rp 902 billion (US$180.4 million) from its sales of its rights shares.

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Fri, 19 Dec 1997

JP/What is happening to this country?

What is happening to this country? While a dozen foreign countries are providing aid to save our people from starvation in Irian Jaya and Maluku, as much as US$80 billion in savings have been accumulated by Indonesians who have deposited their money in foreign banks.

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Fri, 19 Dec 1997

JP/14,000 to safeguard holiday exodus

14,000 to safeguard holiday exodus JAKARTA (JP): A 14,000-strong security team will be deployed to safeguard the mass exodus of Jakartans during the Christmas, New Year, Ramadhan fasting month and Idul Fitri holidays.City police chief Maj. Gen.

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Fri, 19 Dec 1997

JP/BNI expects to book higher bad loans

BNI expects to book higher bad loans JAKARTA (JP): Publicly listed state-owned Bank Negara Indonesia (BNI) projected yesterday that its nonperforming loans would likely increase in the near future due to the economic crisis dogging the country.

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Fri, 19 Dec 1997

JP/Where to go in Bali:

Where to go in Bali:Music and entertainment * Bali Inter. Continental Resort, Jimbaran: - Singaraja Restaurant: Mini Balinese Jegog, daily, 6:30 p.m. to 10 p.m. - Saraswati Lounge: Balinese Cultural Dances, daily except Thursday and Sunday.

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Fri, 19 Dec 1997

JP/On voice-mail virus

On voice-mail virus I am writing in reference to the Dec. 9 letter of Ms. Karen Ide titled Voice-mail virus about someone who tried to force a voice-mail answering system on her. Don't laugh, because engineers want to incorporate such a system into an "intelligent network".

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Fri, 19 Dec 1997

JP/Indonesia to import 1.25 tons of sugar next year

Indonesia to import 1.25 tons of sugar next year JAKARTA (JP): Indonesia is expected to import about 1.25 million tons of raw and refined sugar next year to meet growing demand, a senior official said.Director general of plantations for the Ministry of Agriculture, A.

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Fri, 19 Dec 1997

JP/Drivers go on strike in Bogor

Drivers go on strike in Bogor BOGOR (JP): Dozens of drivers of minivans plying the Cileungsi-Ciangsana-Kampung Rambutan route went on strike yesterday to protest the opening of a new route which overlaps with theirs.

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Fri, 19 Dec 1997

JP/English pillaging Latin or Greek?

English pillaging Latin or Greek? I refer to Mr. Piero Ronci's letter Latin or Greek origins (Dec. 16, 1997). Mr. Ronci is -- thinks he is -- an authority in every subject under the sun.

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Fri, 19 Dec 1997

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Dec. 18 , 1997: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo ...

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Fri, 19 Dec 1997

JP/Rupiah strengthens, stock prices slightly firmer

Rupiah strengthens, stock prices slightly firmer JAKARTA (JP): The rupiah strengthened, passing the 5,000 mark against the U.S. dollar yesterday, and local stock prices closed slightly firmer in a mild regional recovery, currency dealers and stockbrokers said.

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Fri, 19 Dec 1997

JP/Soesilo dies after battling illness

Soesilo dies after battling illness JAKARTA (JP): Coordinating Minister for Political and Security Affairs Soesilo Soedarman died yesterday at Harapan Kita Hospital, West Jakarta after suffering lung disease complications for the past three weeks.He was 69 years old.

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Fri, 19 Dec 1997

JP/Experts discuss poverty eradication

Experts discuss poverty eradication YOGYAKARTA (JP): Although the Southeast Asian region has achieved progress, its economic growth has not been accompanied by an even distribution of income, according to the representative of the United Nations Development Program (UNDP) to Indonesia.

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Fri, 19 Dec 1997

JP/67 hoodlums allowed back on the streets

67 hoodlums allowed back on the streets JAKARTA (JP): The 67 alleged hoodlums, who were rounded up during the clean-up operation in Tanah Abang recently and admitted to a rehabilitation program, have finished their training course and are awaiting job placement, an official said yesterday.

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Fri, 19 Dec 1997

JP/BA assigns new manager

BA assigns new manager JAKARTA (JP): British Airways has appointed Claire Hatton as its country manager for Indonesia, replacing David Jones.

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Fri, 19 Dec 1997

JP/Astra units get ISO 14001

Astra units get ISO 14001 JAKARTA (JP): Three subsidiaries of publicly listed Astra International -- namely PT Pulogadung Pawitra Laksana, PT Sumalindo Lestari Jaya and PT Gaya Motor -- received yesterday International Standard Organization (ISO) 14001 certification for quality environmental ...

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Fri, 19 Dec 1997

JP/Merpati flies to Perth

Merpati flies to Perth JAKARTA (JP): State-owned air carrier Merpati Nusantara will launch a new service to Perth, Australia, on Sunday.

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Fri, 19 Dec 1997

JP/Investors' return needed to boost rupiah

Investors' return needed to boost rupiah Despite an economic reform package, the rupiah's value has continued to nosedive. Economist Sri Mulyani Indrawati of the University of Indonesia discusses the recent monetary development.

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Fri, 19 Dec 1997

JP/Soesilo, first and foremost a fighter

Soesilo, first and foremost a fighter Soesilo Soedarman, coordinating minister for political and security affairs since 1993, was known as a fighter throughout his public life.

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Fri, 19 Dec 1997

JP/Albert Paruntu named Asiad training director

Albert Paruntu named Asiad training director JAKARTA (JP): The National Sports Council chairman, Wismoyo Arismunandar, has appointed Albert Paruntu, an official of the Indonesia Karatedo Federation, as the country's 13th Asian Games training director.

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Fri, 19 Dec 1997

JP/'Burung Gelatik' teaches freedom's way for kids

'Burung Gelatik' teaches freedom's way for kids JAKARTA (JP): A pioneer in Indonesian children's music, Sarijah Bintang Soedibio, better known as Ibu Sud, has advocated allowing children the freedom to express themselves.

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Fri, 19 Dec 1997

JP/Suit on Jamsostek's directors questioned

Suit on Jamsostek's directors questioned JAKARTA (JP): Judges from the Jakarta State Administrative Court yesterday began studying the legality of the class action suit against the misuse of funds by PT Jamsostek directors.

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Fri, 19 Dec 1997

JP/Curb measure on CPO export explained

Curb measure on CPO export explained JAKARTA (JP): The government announced yesterday full details of its new measure to curb exports of palm oil and related products, in a bid to stabilize the commodity's local prices.

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Fri, 19 Dec 1997

JP/Workers demand bigger bonuses

Workers demand bigger bonuses TANGERANG (JP): Hundreds of workers from a steel factory on Jl. Raya Serang in Tangerang went on strike yesterday, demanding bigger bonuses.

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Fri, 19 Dec 1997

JP/Ajib retains WBF junior title

Ajib retains WBF junior title JAKARTA (JP): Indonesia's Ajib Albarado retained his World Boxing Federation junior welterweight title against Umnard Sukhathai of Thailand in a bout here Wednesday night.

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Fri, 19 Dec 1997

JP/Riot suspect sent to jail

Riot suspect sent to jail TASIKMALAYA, West Java: Agustiana Suryana, 32, was sentenced yesterday to eight years in prison for instigating a riot here last December, Antara reported.Presiding Judge A.

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Fri, 19 Dec 1997

JP/Let govt overcome crisis: Harmoko

Let govt overcome crisis: Harmoko JAKARTA (JP): House Speaker Harmoko is surrendering all decision-making on the Indonesian monetary crisis to the government, including on whether officials should take pay cuts as an austerity measure."Let's leave it to the executive branch.

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Fri, 19 Dec 1997

JP/Rich man's club catches a cold as Asia sneezes

Rich man's club catches a cold as Asia sneezes Businessmen in this part of the world have long had a saying that reflects the region's dependence on exports: When the industrialized world sneezes, Asia catches a cold.

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Fri, 19 Dec 1997

JP/Police hunt killer of 'Ojek' driver

Police hunt killer of 'Ojek' driver JAKARTA (JP): An ojek (motorcycle taxi) driver was found dead with four gashes in his abdomen, chest and face Wednesday evening on a road in Cikarang, Bekasi, east of here.

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Fri, 19 Dec 1997

JP/Don't fish in murky waters: Soeharto

Don't fish in murky waters: Soeharto JAKARTA (JP): President Soeharto, attending his first state function in nearly a fortnight, told people not to fish in murky waters by taking advantage of the currency crisis.

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Fri, 19 Dec 1997

JP/Paintings go on sale

Paintings go on sale YOGYAKARTA: Art lovers should rush to Semarang, Central Java, as 600 paintings by 72 artists will be sold at bargain prices in an attempt to stimulate public interest and appreciation of the arts.The paintings will be on sale until Jan. 17 at Pasaraya Sri Ratu in Semarang.

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Fri, 19 Dec 1997

JP/The Listening Post

The Listening Post * Internet banking in Indonesia: Bank Papan Sejahtera and Lotus Development Corporation have agreed to collaborate on a range of computer network services for Papan depositors and lenders.

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Fri, 19 Dec 1997

JP/Newsprint will be sold in rupiah

Newsprint will be sold in rupiah JAKARTA (JP): The Association of Indonesian Pulp and Paper (APKI) and the Association of Indonesian Newspaper Publishers (SPS) agreed yesterday that newsprint will be sold in rupiah, not in U.S. dollars as was the custom.

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Fri, 19 Dec 1997

JP/Javanese dance puts women's roles in context

Javanese dance puts women's roles in contextBy Helly Minarti JAKARTA (JP): After a hiatus from performances in the last two years, Deddy Dance Company returns with two genres of Javanese dance brought into a sharp modern focus.

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Fri, 19 Dec 1997

JP/Where to go in Surabaya:

Where to go in Surabaya:Music and Entertainment * Sheraton Hotel, Jl. Embong Malang 25-31: - Bongo's Fun Pub & Restaurant: The Brilliant Creatures band performance, Tuesday to Sunday, 8:30 p.m. to 1 a.m. - Kawi Lounge: the Hip Fidelity Duo, Monday to Saturday, 8 p.m. to 12 midnight.

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Fri, 19 Dec 1997

JP/Monetary turmoil deals heavy blow to laborers

Monetary turmoil deals heavy blow to laborers JAKARTA (JP): The monetary crisis has put the brakes on many city projects, leaving an untold number of construction workers jobless, homeless and starving.

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Fri, 19 Dec 1997

JP/Assembly okays draft on human rights

Assembly okays draft on human rights JAKARTA (JP): A People's Consultative Assembly team completed a draft on human rights protection yesterday to be incorporated in the 1998/2003 State Policy Guidelines.

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Fri, 19 Dec 1997

JP/TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 TV Series: Tom and Jerry Kid 3:10 Children's Program: Tunas 3:35 Talk Show: Sambung Rasa 4:00 Regional News 4:30 Student's Quiz: Cerdas Cermat 5:10 Documentary Film: Science World 5:30 Music: Paket 27 6:00 News: Lintasan ...

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