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

Thu, 06 Feb 1997

JP/Krakatau Steel to boost production

Krakatau Steel to boost production JAKARTA (JP): State-owned PT Krakatau Steel plans to invest US$50 million to modernize its cold rolled steel coils plant in Cilegon, West Java.

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Thu, 06 Feb 1997

JP/Badly damaged Depok-Cibelut road

Badly damaged Depok-Cibelut roadFrom NeracaThe road spanning Depok-Cibelut Bogor is badly damaged. Gaping holes along the road are very hazardous to traffic.This month many trucks have turned over. Obviously, this is due to the huge potholes which engulf the road.

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Thu, 06 Feb 1997

JP/President may take over Busang case

President may take over Busang case JAKARTA (JP): Minister of Mines and Energy Ida Bagus Sudjana said President Soeharto will take over thm Busang gold case if Barrick Gold Corp. and Bre-X fail to seal their partnership deal by Feb. 15.

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Thu, 06 Feb 1997

JP/BNI letting other banks take over Bank Pacific

BNI letting other banks take over Bank Pacific JAKARTA (JP): State-owned Bank Negara Indonesia 1946 has no plans to acquire ailing Bank Pacific and will let interested investors take it over, BNI president Widigdo Sukarman said.

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Thu, 06 Feb 1997

JP/Inhutani V to raise profit

Inhutani V to raise profit JAKARTA (JP): State-owned PT Inhutani V aims at increasing its pretax profit this year by 10 percent to 15 percent over the Rp 11 billion (US$4.78 million) achieved last year.Inhutani V President M. Toha said last year's profit was higher than the Rp 8.

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Thu, 06 Feb 1997

JP/Passport applicant numbers on the rise

Passport applicant numbers on the rise JAKARTA (JP): The number of passport applicants in Jakarta has increased by 10 percent over the past few days on account of the forthcoming Idul Fitri and Chinese New Year holidays, an immigration official said yesterday.

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Thu, 06 Feb 1997

JP/India at the crossroads

India at the crossroads Events in India this week highlighted the fact that the nation stands at the crossroads, where its future will be dictated.While international and national media looked on with considerable interest, few citizens took any notice Thursday as Mohandas K.

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Thu, 06 Feb 1997

JP/Indofood plans acquisition

Indofood plans acquisition JAKARTA (JP): Publicly listed PT Indofood Sukses Makmur, part of the Salim Group, plans to issue rights shares to raise funds to acquire 11 other companies in the group.

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Thu, 06 Feb 1997

JP/Where to go in Jakarta:

Where to go in Jakarta:Music * Dai-ichi Hotel, Jl. Senen Raya 135, Central Jakarta: - Morgan's 1072 Classic Disco: - Boombastic Band, Saturday, 9.30 p.m. to 1 a.m. - Smart Band, Wednesday, 9 p.m. to 12.30 a.m. - Rhythim Nine Band, Thursday, 9 p.m. to 12.30 a.m., Saturday, 9.30 p.m. to 1 a.m.

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Thu, 06 Feb 1997

JP/Faith healers command respect

Faith healers command respect KUPANG, East Nusa Tenggara: As many as 40 percent of the 3.5 million inhabitants here believe more in "faith healers" than in nurses, midwives, and doctors, an official said yesterday.

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Thu, 06 Feb 1997

JP/Tennis Grand Slam, why no live show?

Tennis Grand Slam, why no live show? As usual I never miss any grand slam tennis championship throughout the year, especially when broadcast on television.

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Thu, 06 Feb 1997

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Feb. 5, 1997: ----------------------------------------------------- Shares Close Change Trading Volume ...

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Thu, 06 Feb 1997

JP/Rights violations persist in E. Timor

Rights violations persist in E. Timor DILI: Bishop Carlos Filipe Ximenes Belo said yesterday he had not seen any improvement of human rights in the youngest province despite continuing criticism.

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Thu, 06 Feb 1997

JP/Two prisoners escape

Two prisoners escape PADANG, West Sumatra: Two prisoners have escaped from Maninjau Prison when warders were generous enough to allow them to make coffee in the prison kitchen one night earlier this week.Antara reported yesterday that the convicts scaled the penitentiary's 3.

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Thu, 06 Feb 1997

JP/Scholarships for 200 millionth citizen

Scholarships for 200 millionth citizen JAKARTA (JP): Wahyu Nusantaraaji has got it made for life.Named by President Soeharto as Indonesia's 200 millionth citizen, Wahyu, born on Lombok at 10:00 p.m. Tuesday, is assured of scholarships for as long as he wants to study.

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Thu, 06 Feb 1997

JP/Increasing problems in Indonesian skies

Increasing problems in Indonesian skies On Jan. 21, 1997, I was returning from Manila via Singapore on Singapore Airlines (SQ164). Having enjoyed a routine flight, I was busy preparing my papers for landing when the plane, a few hundred feet from the ground, began to bank wildly from side to side.

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Thu, 06 Feb 1997

JP/RI bridge pair invited to Holland

RI bridge pair invited to Holland JAKARTA (JP): Indonesia is invited to take part in the men's bridge pair tournament in the Netherlands.

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Thu, 06 Feb 1997

JP/Surya Semesta Internusa to float 20% of shares

Surya Semesta Internusa to float 20% of shares JAKARTA (JP): PT Surya Semesta Internusa (SSI) plans to float 20 percent of its total enlarged shares, around 135 million shares, on the local stock exchange to raise fresh funds to finance its expansion program.

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Thu, 06 Feb 1997

JP/Enforce bill on psychotropics, say councilors

Enforce bill on psychotropics, say councilors JAKARTA (JP): Councilors urged the immediate issuance of the necessary government regulations to enable the enforcement of the newly passed bill on psychotropics.The law endorsed on Jan.

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Thu, 06 Feb 1997

JP/19 paintings stolen from art gallery

19 paintings stolen from art gallery BANDUNG (JP): Police are hunting for 19 paintings by Indonesian art master Sudjana Kerton that were stolen last Sunday morning from the Sudjana Kerton Gallery here.Lt. Col.

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Thu, 06 Feb 1997

JP/RI gets qualifiers for show jumping

RI gets qualifiers for show jumping JAKARTA (JP): Indonesia has been chosen to host two of the eight stages in the Southeast Asian zone qualifying round of the Volvo Cup world show jumping championships.

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Thu, 06 Feb 1997

JP/Zarina surrounded by number one lawyers

Zarina surrounded by number one lawyers JAKARTA (JP): The trial of Zarina Mirafsur, charged with possessing and trafficking Ecstasy pills, is attracting increasing attention given the high profile of three of her seven lawyers. Today her second hearing is scheduled in West Jakarta District Court.

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Thu, 06 Feb 1997

JP/Higher fines for public order violators

Higher fines for public order violators JAKARTA (JP): The city administration and the city council are seeking stiffer punishment for public order violators, especially those who damage the environment.

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Thu, 06 Feb 1997

JP/Do we need a ministry of law?

Do we need a ministry of law?By Bambang Widjojanto JAKARTA (JP): A university rector's suggestion to set up a ministry of law and judiciary has won a large number of supporters. Dr. Muladi's recent suggestion echoed what Ismail Saleh, a former justice minister said in 1990.

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Thu, 06 Feb 1997

JP/Civil servants told to vote for Golkar

Civil servants told to vote for Golkar DILI: East Timorese Civil Servant Corps members have been told they should vote for Golkar, the dominant political organization, in the May election.Secretary of the corps' East Timorese chapter A.H.

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Thu, 06 Feb 1997

JP/Indosat's earnings rose to $22 million in 1996

Indosat's earnings rose to $22 million in 1996 JAKARTA (JP): State-owned PT Indosat reported a 14 percent increase yesterday in its net profit last year -- lower than the 59 percent increase in 1995 -- to Rp 523.5 billion (US$22 million) from Rp 459.4 billion in 1995.

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Thu, 06 Feb 1997

JP/New customs rules worry Europe and U.S.

New customs rules worry Europe and U.S. JAKARTA (JP): European, American and South Korean businessmen have expressed great concern about the new customs clearance rules the Indonesian government plans to implement in April.

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Thu, 06 Feb 1997

JP/Observers raise fears of national disintegration

Observers raise fears of national disintegration YOGYAKARTA (JP): Disintegration is the biggest threat currently facing Indonesia, according to sociologist Loekman Soetrisno.

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Thu, 06 Feb 1997

JP/American university, Gleneagles sign deal

American university, Gleneagles sign deal TANGERANG, West Java (JP): The Siloam Gleneagles hospital, the first hospital set up under the foreign investment scheme in the country, and the University of Southern California signed a deal on technology transfer yesterday.

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Thu, 06 Feb 1997

JP/ABRI urged to trace the roots of unrest

ABRI urged to trace the roots of unrest JAKARTA (JP): One hundred people from various organizations concerned with the recent spate of riots urged the Armed Forces (ABRI) yesterday to prevent the unrest from reoccurring.In a meeting with ABRI Sociopolitical Affairs Chief Lt. Gen.

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Thu, 06 Feb 1997

JP/'Dangdut' show in Ancol

'Dangdut' show in Ancol JAKARTA (Antara): The management of Ancol Dream Land recreational park in North Jakarta said Tuesday it was preparing special attractions, including a dangdut show and door prizes for visitors during the Idul Fitri holiday from Feb. 8 to 16.

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Thu, 06 Feb 1997

JP/Ramadhan time for Jakarta

Ramadhan time for JakartaThursdayMaghrib 6:19 p.m.FridayImsak 4:27 a.m.Subuh 4:37 a.m.

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Thu, 06 Feb 1997

JP/Contrasting displays of nature at exhibit

Contrasting displays of nature at exhibitBy Amir Sidharta JAKARTA (JP): The work of painters Idran Yusuf and Gunawan Hanjaya is currently being shown at the Titian Alam (Bridge of Nature) exhibition at Galeri Linggar.As the title suggests, the theme of the paintings on display is nature.

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Thu, 06 Feb 1997

JP/Scholars criticize new election speech guidelines

Scholars criticize new election speech guidelines JAKARTA (JP): The government's new guidelines on election campaign speeches were criticized yesterday by scholars who agreed that the need to maintain political stability prompted the controversial rules.

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Thu, 06 Feb 1997

JP/Pino trains at home for SEA Games

Pino trains at home for SEA Games JAKARTA (JP): The Indonesian Boxing Association has agreed to let Pino Bahari train in his hometown of Denpasar, Bali, instead of with the centralized training program in Pasar Minggu, South Jakarta.

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Thu, 06 Feb 1997

JP/PT Siloam expects $59M from IPO

PT Siloam expects $59M from IPO JAKARTA (JP): PT Siloam Gleneagles Health Care (SGHC) will sell 47 million shares in its initial public offering (IPO) this year at between Rp 2,950 and Rp 3,300 (US$1.4) per share to raise US$59 million, said Chief Commissioner James T. Riady.

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Thu, 06 Feb 1997

JP/Govt distributes quotas for imports of fishing vessels

Govt distributes quotas for imports of fishing vessels JAKARTA (JP): The government has allowed 28 companies to import 435 used and new fishing vessels and rejected proposals from 18 firms that failed to meet government requirements.Director General of Fisheries F.X.

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Thu, 06 Feb 1997

JP/Our population clock

Our population clock The arrival of a new born baby is always a happy occasion, even if it means one more mouth to feed. So the arrival of Indonesia's 200 millionth citizen Tuesday should be rejoiced.

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Thu, 06 Feb 1997

JP/ASEAN stresses willingness to dabate human rights with EU

ASEAN stresses willingness to dabate human rights with EU JAKARTA (JP): Indonesian officials have stressed the Association of Southeast Asian Nations (ASEAN) is ready to air human rights issues with the European Union as long as any discussion is conducted in a constructive manner and not aimed ...

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Thu, 06 Feb 1997

JP/Bali to host surfing tourney

Bali to host surfing tourney JAKARTA (JP): Sixteen countries are scheduled to take part in the International Surfing Championship at Kuta Beach, Bali, from April 9 to April 13.

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Thu, 06 Feb 1997

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, 06 Feb 1997

JP/Staple foods prices stable

Staple foods prices stable JAKARTA (Antara): The prices of nine staple foods in the capital city remained stable yesterday, four days before the Idul Fitri festivities.

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Thu, 06 Feb 1997

JP/Tunky to help industrial estate developers

Tunky to help industrial estate developers JAKARTA (JP): Minister of Industry and Trade Tunky Ariwibowo promised yesterday to help industrial estate developers acquire land faster.

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Thu, 06 Feb 1997

JP/The plight of illegal workers

The plight of illegal workers Referring to information about the return of illegal Indonesian women workers from Malaysia since Dec. 26, 1996, I am giving my comments, which are based on factual data concerning their situation.1.

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Thu, 06 Feb 1997

JP/Feisal downplays border closure

Feisal downplays border closure JAKARTA (JP): Armed Forces Commander Gen. Feisal Tanjung said yesterday there was no problem with Malaysia closing its border checkpoints with Indonesia following ethnic riots in West Kalimantan.

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Thu, 06 Feb 1997

JP/Japanese gives $100,000 to research hair lips

Japanese gives $100,000 to research hair lips JAKARTA (JP): Japan is donating US$100,617 (Rp 238 million) to Indonesia to bolster the latter's ability to treat patients with hair lip and cleft palate.

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