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

Sat, 01 Mar 1997

JP/No islands have disappeared since 1992, says mayor

No islands have disappeared since 1992, says mayor JAKARTA (JP): North Jakarta Mayor Suprawito, denying reports that Seribu Islands had disappeared recently, said yesterday not a single island had disappeared in the last five years.

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Sat, 01 Mar 1997

JP/Convicts killed by home brew

Convicts killed by home brew JAKARTA: A senior official alleged yesterday wardens' negligence caused the death of three prisoners in the East Java town of Madiun Wednesday.

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Sat, 01 Mar 1997

JP/Amien's resignation a matter of prestige

Amien's resignation a matter of prestige JAKARTA (JP): Amien Rais relinquished his top slot in the Association of Indonesian Moslems Intellectuals (ICMI) last week because of pressures from within the Muhammadiyah organization he chairs, it was claimed yesterday.

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Sat, 01 Mar 1997

JP/Two people die in toll road chain collision

Two people die in toll road chain collision JAKARTA (JP): A woman and a child died yesterday in an eight vehicle chain collision on a toll road above the junction of Jl. Pramuka, East Jakarta. Eleven others were injured and taken to the Cipto Mangunkusumo General Hospital.

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Sat, 01 Mar 1997

JP/Youths held for fake kidnapping

Youths held for fake kidnapping JAKARTA (JP): A man, identified as Fani, 20, was arrested Thursday for attempting to extort money from his parents by faking his own kidnapping.Mobile Detectives unit chief, Maj. Budi Setiawan, said Thursday police had also arrested Fani's friends Yos and Hilman.

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Sat, 01 Mar 1997

JP/Deng Xiaoping's death could liberate Hong Kong

Deng Xiaoping's death could liberate Hong KongBy Jonathan Power LONDON (JP): The world has much to be thankful for that Deng Xiaoping died when he did, just four and a half months before the Union Jack is run down in Hong Kong.

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Sat, 01 Mar 1997

JP/Only 10% of forest crimes taken to court

Only 10% of forest crimes taken to court JAKARTA (JP): The Director General of Forest Protection and Nature Conservation, Soemarsono, said the government managed to prosecute in only 10 percent of forest crimes last year.

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Sat, 01 Mar 1997

JP/Riau and West Sumatra to plug into new powerplant

Riau and West Sumatra to plug into new powerplant JAKARTA (JP): West Sumatra and Riau provinces will get an extra 114 megawatts (MW) of power when the hydropower plant in the Riau village of Kotapanjang becomes operational in August.

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Sat, 01 Mar 1997

JP/Prosperity bodes well for religion, Soeharto says

Prosperity bodes well for religion, Soeharto says JAKARTA (JP): As Indonesians become more prosperous their faith will strengthen accordingly, President Soeharto said yesterday.

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Sat, 01 Mar 1997

JP/BI calls on banks to improve their internal controls

BI calls on banks to improve their internal controls JAKARTA (JP): Bank Indonesia (BI) Governor J. Soedradjad Djiwandono has called on banks to tighten their internal controls to ensure all division, especially credit and treasury divisions, do business prudentially.

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Sat, 01 Mar 1997

JP/SEA Games organizers appeals to sponsors

SEA Games organizers appeals to sponsors JAKARTA (JP): SEA Games organizers say they are hard-pressed to meet the rising costs of many sports organizations as they prepare for the biennial regional sports event.

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Sat, 01 Mar 1997

JP/RI retains wood market despite export stoppage

RI retains wood market despite export stoppage JAKARTA (JP): Many of Indonesia's wood panel producers stopped exporting for about three weeks over the Idul Fitri period to overhaul their production facilities, a plywood executive said yesterday.

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Sat, 01 Mar 1997

JP/Legislators cautious over shoot-on-sight order

Legislators cautious over shoot-on-sight order JAKARTA (JP): Legislators responded cautiously yesterday to a warning from Armed Forces Chief Gen. Feisal Tanjung that security officers had been ordered to shoot rioters on sight.

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Sat, 01 Mar 1997

JP/Indovest offers new funds

Indovest offers new funds JAKARTA (JP): PT Indovest Securities, a Bank Indovest subsidiary, has launched an open-end mutual fund into the domestic capital market.The company said yesterday it expected to generate about Rp 1 trillion (US$415.

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Sat, 01 Mar 1997

JP/No ticketing for emission failure

No ticketing for emission failure JAKARTA (JP): City officials yesterday said motorists in Jakarta would not be ticketed for failing emission tests because a schedule to implement the emission law had yet to be decided.

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Sat, 01 Mar 1997

JP/Minister defends lifting ban on land-use permits

Minister defends lifting ban on land-use permits JAKARTA (JP): State Minister of Agrarian Affairs Soni Harsono said developers who held land-appropriation permits before the now lifted land-use permit ban was announced last October would have their land-use permits applications prioritized.

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Sat, 01 Mar 1997

JP/Djody buys Kazakh oil firm

Djody buys Kazakh oil firm JAKARTA (JP): Central Asia Petroleum Ltd., a subsidiary of Setdco Group, has won a tender to buy a Kazakh company which controls an oil field with reserves of about 1.5 billion barrels for US$1.5 billion, a Setdco executive said.

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Sat, 01 Mar 1997

JP/Virtue or vice?

Virtue or vice? The technology of sheep cloning, though crude and not very effective, appears straightforward and the cost moderate.But it is hard to escape the thought that most such experiments on humans could backfire given the crucial role the environment plays in human development.

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Sat, 01 Mar 1997

JP/Fadel invites investors into Golden Key Group

Fadel invites investors into Golden Key Group JAKARTA (JP): Fadel Muhammad, one of the new owners of the former Golden Key Group companies, has invited foreign investors to buy into the group's West Java chemical projects.

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Sat, 01 Mar 1997

JP/Product quality

Product quality I am writing in reference to an article in Kompas (Feb. 27) on Mendesak adanya standardisasi mutu produk (Urging standardization of product quality) written by Sudaryatmo, head of the Indonesian Foundation's complaint department.

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Sat, 01 Mar 1997

JP/Storm wrecks houses

Storm wrecks houses BANJARMASIN, South Kalimantan: A storm wrecked more than 100 houses in the Hulu Sungai Tengah regency, about 165 km north of here, earlier this week, officials said yesterday.

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Sat, 01 Mar 1997

JP/Defendant denies plotting to defraud Bank Indonesia

Defendant denies plotting to defraud Bank Indonesia JAKARTA (JP): A Bank Indonesia employee, charged with fraud, told the Central Jakarta District Court yesterday he objected to the prosecutors' indictment last week because he had never plotted to defraud the central bank as accused.

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Sat, 01 Mar 1997

JP/Foreign tourist arrivals jumps 4.3 percent

Foreign tourist arrivals jumps 4.3 percent JAKARTA (JP): Foreign tourists to Indonesia rose 4.3 percent to 302,490 in January from the corresponding month last year, Minister of Tourism, Post and Telecommunications Joop Ave said yesterday.The minister said the growth rate was higher than the 1.

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Sat, 01 Mar 1997

JP/Soeharto urges people to vote

Soeharto urges people to vote JAKARTA (JP): President Soeharto urged people yesterday to vote in the May 29 general election, describing it as a once-in-a five-year opportunity to determine the course of the nation's development, including its leadership.

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Sat, 01 Mar 1997

JP/The problem with single loyalty

The problem with single loyalty A surprise was recently delivered by the Indonesian Institute of Sciences (LIPI).

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Sat, 01 Mar 1997

JP/RI, Thailand reach basic gas pact

RI, Thailand reach basic gas pact JAKARTA (JP): State-owned oil and gas company Pertamina and Thailand's Petroleum Authority have reached a basic agreement on the purchase of natural gas from Natuna, Pertamina President Faisal Abda'oe said yesterday.

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Sat, 01 Mar 1997

JP/RI hopeful of hosting 2006 Asian Games

RI hopeful of hosting 2006 Asian Games JAKARTA (JP): Indonesia is ready to host the 2006 Asian Games but is doubtful of its chances of hosting the Olympics in 2008.

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Sat, 01 Mar 1997

JP/Vanishing islands

Vanishing islands Six out of a thousand may not sound like many -- nor, for that matter, would six out of 120, which is closer to the actual number of islands contained in the Seribu (thousand) Islands group just outside the Bay of Jakarta.

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Sat, 01 Mar 1997

JP/Factual situation of Algeria

Factual situation of Algeria It is with great dismay and disappointment that I have noticed an endless number of reports on Algeria in your newspaper.

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Sat, 01 Mar 1997

JP/PDI activists to stage Bali-Jakarta long march

PDI activists to stage Bali-Jakarta long march JAKARTA (JP): A former army general who sympathizes with the Indonesian Democratic Party (PDI) plans to lead a long march from Bali to Jakarta to dramatize his concern for the party's on-going leadership conflict.

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Sat, 01 Mar 1997

JP/Apac to set up cotton plantation in Australia

Apac to set up cotton plantation in Australia JAKARTA (JP): Publicly listed textile producer PT Apac Centertext Corporation plans to open a cotton plantation in Queensland, Australia, to support its garment production.

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Sat, 01 Mar 1997

JP/Four more briquet plants

Four more briquet plants JAKARTA (JP): State-owned mining firm PT Bukit Asam in cooperation with Japan's Institute for Technology and Energy Development (NEDO) will build four more coal briquette plants to meet growing local demand.Minister of Mines and Energy I.B.

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Sat, 01 Mar 1997

JP/Two die in diarrhea outbreak

Two die in diarrhea outbreak KEBUMEN, Central Java: Two people died and another 19 were hospitalized after a diarrhea outbreak in the Alian subdistrict, Kebumen regent Amin Sudibyo said yesterday.

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Sat, 01 Mar 1997

JP/TV today

TV todayTVRI 2:30 p.m. Travel: My Country 2:35 Cartoon Film: Animated Classic 3:00 News: Lintasan Berita 3:05 Sports 4:00 News: Lintasan Berita 4:55 Filler and Trailler 5:00 Regional News 5:25 Travel: My Country 5:30 Development Program: Perjalanan National 6:00 News: Lintasan ...

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Sat, 01 Mar 1997

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Feb. 28, 1997: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo ...

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Sat, 01 Mar 1997

JP/Humpuss eyes IPTN's maintenance service

Humpuss eyes IPTN's maintenance service BANDUNG, West Java (JP): Three firms, including the Humpuss group, have offered to buy into state-owned aircraft maker PT IPTN's maintenance service.

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Sat, 01 Mar 1997

JP/Consulting firm opened

Consulting firm opened JAKARTA (JP): Insurance consulting firm PT Bumi Citra Cempaka announced yesterday the establishment of operations to help domestic insurers improve their performance.

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Sat, 01 Mar 1997

JP/Where to go in Jakarta:

Where to go in Jakarta:Music * Jakarta Hilton International Hotel, Jl. Gatot Subroto: - Lagoon Lounge; Piano live entertainment, open daily, 6 p.m. to 11 p.m. - Pizzaria Restaurant; Ocean Park Band, Wednesday and Thursday. Prospect Band, Sunday, Monday, Tuesday.

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Sat, 01 Mar 1997

JP/Djajanti cement in Brunei

Djajanti cement in Brunei JAKARTA (JP): Butra Djajanti Cement, a joint venture between Brunei companies and Indonesia's Djajanti said it controlled about 60 percent of Brunei's cement market.Butra general manager David G.

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Sat, 01 Mar 1997

JP/Sterner finishes the job in Ladies Asia circuit

Sterner finishes the job in Ladies Asia circuit JAKARTA (JP): Pernilla Sterner of Sweden won the Kosaido Ladies Asia Golf Circuit in the play-off yesterday at the Pondok Cabe golf course and country club, Tangerang.Sterner, who celebrated her 29th birthday on Feb.

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Sat, 01 Mar 1997

JP/Golkar upbeat hard work will pay off on election day

Golkar upbeat hard work will pay off on election dayBy Dwi Atmanta JAKARTA (JP): Golkar is confident of another landslide victory in the May 29 general election, given the amount of work it has put into consolidating grassroots support these past three years.

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Sat, 01 Mar 1997

JP/Four policemen imprisoned for torturing civilians

Four policemen imprisoned for torturing civilians JAKARTA (JP): A military tribunal in Bandung sentenced four Tasikmalaya police officers to between 22 and 28 months yesterday for torturing civilians. Their action triggered a major riot in the town last year.

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Sat, 01 Mar 1997

JP/Accident measures needed for nuclear plant: Observer

Accident measures needed for nuclear plant: Observer JAKARTA (JP): It would be irresponsible for the government to build a nuclear power plant without having measures in place to cope with accidents, a renowned intellectual said yesterday.Y.B.

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