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

Sat, 10 May 1997

JP/Semen Padang gets $63m loan

Semen Padang gets $63m loan JAKARTA (JP): Amsterdam-based ABN AMRO Bank N.V. agreed to provide a US$63 million export credit facility here yesterday to state-owned PT Semen Padang, a cement producer based in West Sumatra.

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Sat, 10 May 1997

JP/Bre-X faces multiple suits following Busang debacle

Bre-X faces multiple suits following Busang debacle MONTREAL (JP): Embattled junior mining Canadian firm Bre-X Minerals Ltd, after being suspended from operating in Indonesia and delisted from the Toronto Stock Exchange, now faces multiple lawsuits following the Busang debacle in East Kalimantan.

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Sat, 10 May 1997

JP/KIPP wants campaign victims compensated

KIPP wants campaign victims compensated JAKARTA (JP): The Independent Election Monitoring Committee (KIPP) called yesterday for the establishment of special institutions and funds to support victims of campaign melees.

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Sat, 10 May 1997

JP/Bengkulu governor denies alleged poll rigging

Bengkulu governor denies alleged poll rigging JAKARTA (JP): Election organizers in Bengkulu vehemently denied yesterday the United Development Party's (PPP) allegation of attempted poll rigging in the province.

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Sat, 10 May 1997

JP/Where to go in Jakarta:

Where to go in Jakarta:Music * Mandarin Oriental Jakarta, Jl. MH Thamrin, Central Jakarta: - Chequers: Freakwincey Band from New Jersey (USA), playing 70's music up to modern Hop Hop and Funk, daily (except Sunday), 9 p.m. to 1 a.m. * Holiday Inn Crowne Plaza, Jl. Gatot Subroto Kav.

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Sat, 10 May 1997

JP/Samarinda has a new mosque

Samarinda has a new mosque SAMARINDA, East Kalimantan: Governor H.M. Ardans has officiated the use of a new mosque jointly built by residents, businessmen and local administration.The Al Khair mosque, standing on a 350 square meter plot on Jl. Dr. Sutomo, cost Rp 184 million.

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Sat, 10 May 1997

JP/ABRI reiterates its political neutrality

ABRI reiterates its political neutrality JAKARTA (JP): The Armed Forces (ABRI) maintained yesterday that it would remain neutral in the campaign for the May 29 general election."We're very firm on this," Armed Forces Chief Spokesman Brig. Gen. Slamet Supriadi told reporters at his office.

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Sat, 10 May 1997

JP/Newmont stands firmly

Newmont stands firmly Thank God, the tussle over the Indonesian government's request for 10 percent equity in the Batu Hijau gold property on Sumbawa Island, West Nusa Tenggara, ended only after a few days of hotly debated controversy.

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Sat, 10 May 1997

JP/14 firms to develop oil palm plantations

14 firms to develop oil palm plantations JAKARTA (JP): The government has given 14 companies since 1982 approval to convert 187,140 hectares of Irian Jaya forests into oil palm estates, an official said yesterday.

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Sat, 10 May 1997

JP/Roadsweepers bear brunt of campaign

Roadsweepers bear brunt of campaign SEMARANG: Local street sweepers, mostly elderly women, are finding their yellow uniforms dangerous, especially when the green-clad supporters of the United Development Party (PPP) rally in the streets.

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Sat, 10 May 1997

JP/War, drugs and money corrupt Turkey's political system

War, drugs and money corrupt Turkey's political systemBy Gwynne Dyer LONDON (JP): There is a coup coming in Turkey, and it will not really be about 'saving' the secular Turkish state from militant political Islam (though that is what the soldiers will claim).

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Sat, 10 May 1997

JP/Computer

Computer I refer to articles on computers, written by Mr. Zatni Arbi, which appear every Monday.I truly enjoy your articles. I would like to discuss or exchange more information on your brief analysis on some computer products, which is difficult to find in computer magazines.

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Sat, 10 May 1997

JP/Keeping away extra color

Keeping away extra color PEKANBARU, Riau: Election campaign days are proving to be a windfall for sunblock sellers.Traders flock to campaign grounds, not to listen politicians' election promises but to meet the soaring rally participants' demand for sunblock.

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Sat, 10 May 1997

JP/SEA Games donations are not compulsory

SEA Games donations are not compulsory JAKARTA (JP): A city councilor has advised the public that it is acceptable to refuse to pay any additional fees on their utility bills.Utility companies have been charging their customers extra to help finance the upcoming 19th SEA Games in Jakarta.

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Sat, 10 May 1997

JP/FIM to inspect Jatinangor circuit

FIM to inspect Jatinangor circuit JAKARTA (JP): The International Motor Federation's (FIM) top official will inspect West Java's Jatinangor circuit which will host the World 250cc Motor Cross Championships' 12th leg in August.The Indonesian Motor Federation's (IMI) chairman, Bob R. E.

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Sat, 10 May 1997

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on May 9, 1997: --------------------------------------------------------- Shares Close Change Trading Volume ...

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Sat, 10 May 1997

JP/PDI warns of rising public distrust of law enforcement

PDI warns of rising public distrust of law enforcement JAKARTA (JP): The Indonesian Democratic Party (PDI) warned yesterday that the public was losing its faith in the legal system because of poor law enforcement.Buttu R.

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Sat, 10 May 1997

JP/Bank Nasional to merge with Perniagaan

Bank Nasional to merge with Perniagaan JAKARTA (JP): Bank Nasional, a banking unit under the Bakrie group, will merge with Bank Perniagaan, a 100 percent owned subsidiary of the former PT Elang Realty, by the end of this year.

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Sat, 10 May 1997

JP/Fugitives shot after chase

Fugitives shot after chase UJUNGPANDANG: Local police have shot dead two of three men who have been on the run for a month for stealing Rp 10.3 from a bank client.

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Sat, 10 May 1997

JP/Soldier arrested over fatal beating

Soldier arrested over fatal beating JAKARTA (JP): A soldier is being investigated following an attack on a man in Kebayoran Lama, South Jakarta, on Sunday.City Police spokesman Lt. Col. E. Aritonang said yesterday no further details of the investigation were available.

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Sat, 10 May 1997

JP/APEC meeting opens with different views

APEC meeting opens with different viewsBy Riyadi MONTREAL (JP): Eighteen Asia Pacific Economic Cooperation (APEC) trade ministers opened their two-day annual meeting here Thursday with developed and developing economies differing on what were priorities.

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Sat, 10 May 1997

JP/Soerjadi told to quit election campaigning

Soerjadi told to quit election campaigning JAKARTA (JP): Legislators loyal to the Indonesian Democratic Party's (PDI) deposed leader, Megawati Soekarnoputri, called on her rival, government-backed faction yesterday to stop campaigning because it did not represent the party.

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Sat, 10 May 1997

JP/Poll booths for railway travelers

Poll booths for railway travelers BANDUNG: People traveling on May 29, election day, need not worry about finding a polling station so long as they travel by train.

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Sat, 10 May 1997

JP/TV Today: Saturday, May 10, l997

TV Today: Saturday, May 10, l997TVRI 2:30 p.m. News: Lintas Nusantara 2:40 Travel: My Country 2:45 Children's Film: Animated Classic 3:10 Culture Program: Lingkar Budaya 3:35 Travel: Wisata Nasional 4:15 Regional News 4:30 Sports 5:30 TV Series: A Writer Exchange 5:55 Music 6:00 ...

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Sat, 10 May 1997

JP/Medan shaman ready for death penalty

Medan shaman ready for death penalty MEDAN (JP): The notorious shaman who claimed to have killed 42 women told reporters yesterday he was ready for the death penalty.Achmad Suradji, known as Datuk, showed no remorse when the head of Medan Police information office Lt. Col.

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Sat, 10 May 1997

JP/Raw materials enough for furniture industry

Raw materials enough for furniture industry JAKARTA (JP): The furniture industry will have adequate raw materials this year in spite of the government's policy of limiting tree cutting in natural forests, an executive said here yesterday.

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Sat, 10 May 1997

JP/Rights body office still a self-made refugee camp

Rights body office still a self-made refugee camp JAKARTA (JP): More than 70 Depok residents sheltering at the National Commission on Human Rights office grounds had still not moved from the premises yesterday."It's been 16 days now," a commission staffer said.

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Sat, 10 May 1997

JP/Foreigners boost trade activity

Foreigners boost trade activity JAKARTA (JP): The Jakarta stock market rose for the fourth consecutive day yesterday as foreign buyers continued to enter the market.Securities dealers said foreign investors made significant purchases of selected stocks.

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Sat, 10 May 1997

JP/Soothsayers in our society

Soothsayers in our society If the general election campaign was not in full swing, this week could probably be called the "week of soothsayers".

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Sat, 10 May 1997

JP/BDN Sunter razed by fire

BDN Sunter razed by fire JAKARTA (JP): A fire destroyed a two-story office of state- owned Bank Dagang Negara's Sunter branch in North Jakarta yesterday.The fire, which started at about 2 p.m., razed the office on Jl. Agung Utara, causing heavy traffic jams in the shopping and industrial area.

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Sat, 10 May 1997

JP/'Where's your ID?'

'Where's your ID?' BANYUMAS, Central Java: A local Election Supervision Committee official, enraged by a campaigner's speech about corruption among bureaucrats, jumped onto the stage at a rally Thursday and interrogated the campaigner.

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Sat, 10 May 1997

JP/Rights abuse rife during campaign

Rights abuse rife during campaign SEMARANG (JP): The National Commission on Human Rights voiced its concern yesterday over the rife violation of basic rights during the first 13 days of the election campaign.Commission member Bambang W.

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Sat, 10 May 1997

JP/Indonesia, RCMP to investigate Busang gold case

Indonesia, RCMP to investigate Busang gold case JAKARTA (JP): The national police has formed a team of investigators in cooperation with Canadian police for a preliminary probe into the Busang scandal, the national police spokesman said yesterday.Brig. Gen.

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Sat, 10 May 1997

JP/Sacrifice of democracy in HK?

Sacrifice of democracy in HK?By Lie Tek Tjeng JAKARTA (JP): The British colony of Hong Kong will cease to exist at midnight, June 30, when the territory will formally be returned to the Chinese government, its rightful owner according to international law, after a century and a half of separation.

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Sat, 10 May 1997

JP/Land compensation case takes new turn

Land compensation case takes new turn JAKARTA (JP): A small trader evicted from his land in 1989 has asked the Supreme Court whether he is the rightful owner of the bank interest accumulated from land compensation which he refused to accept almost 10 years ago.

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Sat, 10 May 1997

JP/Merpati expected to break even after big losses

Merpati expected to break even after big losses JAKARTA (JP): The money-losing Merpati Nusantara Airlines is expected to break even this year after splitting from its parent company the national flag carrier Garuda Indonesia and getting three former Garuda executives as new directors, a minister ...

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Sat, 10 May 1997

JP/This election is no better than previous ones: CSIS

This election is no better than previous ones: CSIS JAKARTA (JP): This year's general election will be no better than previous ones, according to a recent report by the Centre for Strategic and International Studies (CSIS).

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Sat, 10 May 1997

JP/'Losmen' cast make 'Reunion'

'Losmen' cast make 'Reunion' JAKARTA (JP): Actors and actresses who won fame for their TV serial Losmen in the 1980s are pooling their talents again to produce a new serial on the life of a revolutionary hero.

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Sat, 10 May 1997

JP/Players miss PSSI ceremony

Players miss PSSI ceremony JAKARTA (JP): The Indonesian Football Association (PSSI) is disappointed over the absence of players during the ceremony of transfer of the national team's coach from Danurwindo to Henk Wullems.

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Sat, 10 May 1997

JP/PPP wants industry to pay workers more

PPP wants industry to pay workers more JAKARTA (JP): The United Development Party (PPP) told the party faithful yesterday that it wanted industry to pay workers more and improve their welfare.

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Sat, 10 May 1997

JP/RI to test its skills at Arafura Games

RI to test its skills at Arafura Games JAKARTA (JP): Indonesia will use the Arafura Games as a tryout for the 19th SEA Games.

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Sat, 10 May 1997

JP/No more subsidy for Baliem farmers

No more subsidy for Baliem farmers JAYAPURA: PT Freeport Indonesia has finally decided to stop its air transportation subsidy for the Baliem vegetable farmers in Jayawijaya.In a letter to the Jayawijaya regent J.P.

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Sat, 10 May 1997

JP/Campaign

Campaign I have been in Yogyakarta these past few weeks learning the Indonesian language and a little more about Javanese culture.

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Sat, 10 May 1997

JP/Campaign schedule for Indonesia for May 10, 1997:

Campaign schedule for Indonesia for May 10, 1997: Party Campaign areas Important campaigners -------------------------------------------------------------- PPP Kalimantan, Sulawesi Hamzah Haz, Zain Badjeber, Alawy Muhammad, Yudo Paripurno, ...

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Sat, 10 May 1997

JP/RI ratifies Bern Convention on copyrights

RI ratifies Bern Convention on copyrights JAKARTA (JP): President Soeharto has ratified the century-old Bern Convention for the Protection of Literary and Artistic Works together with three other related treaties and a copyright convention, a minister said yesterday.

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Sat, 10 May 1997

JP/Newmont finally obtains mine building permit

Newmont finally obtains mine building permit JAKARTA (JP): After waiting more than six months, Newmont Gold Corp. of the United States said yesterday it had been given the green light to build its gold and copper mine at Batu Hijau on Sumbawa island in West Nusa Tenggara.

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Sat, 10 May 1997

JP/Timor signs deal on the supply of spare parts

Timor signs deal on the supply of spare parts JAKARTA (JP): The publicly-listed PT Selamat Sempurna has secured an alliance with Samah Precision Co, Ltd and Daeki Industrial Co.

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Sat, 10 May 1997

JP/PRD sentences

PRD sentences When the Supreme Court of the United States makes important judgments and interpretations of the U.S. Constitution and national ideals, they are viewed as matters of great national importance reflecting the very substance of national identity.

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Sat, 10 May 1997

JP/Who do legislators represent?

Who do legislators represent? Representation is a key word in any general election. Could those elected to represent the people really represent people's interests? This is the question being dealt with by J. Soedjati Djiwandono of the Center for Strategic and International Studies.

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Sat, 10 May 1997

JP/Bakrie Land plans to issue rights

Bakrie Land plans to issue rights JAKARTA (JP): PT Bakrie Land Development, a property arm of the Bakrie business group, plans a rights issue later this year to strengthen the company's capital structure.

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Sat, 10 May 1997

JP/Not an army academy

Not an army academy In concern with your news on the front page of the Saturday May 3, 1997 edition, titled Soeharto tells children not to depend on education alone, I would like to draw your attention to your level of inaccuracy, relating to the fourth paragraph:"After secondary school (you mean ...

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Sat, 10 May 1997

JP/Rejected food exports cost Indonesia $100m

Rejected food exports cost Indonesia $100m JAKARTA (JP): Indonesia currently loses up to US$100 million each year due to poor quality food exports, State Minister of Food Ibrahim Hasan said.

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