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

Fri, 09 May 1997

JP/Food for thought

Food for thought The food shortage in North Korea is getting worse. The World Food Program (WFP), which has a team to survey conditions in North Korea, made a strong international appeal on Tuesday to immediately send direct food aid.

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Fri, 09 May 1997

JP/The Listening Post

The Listening Post "Building English Skills Through Newspaper + Radio" Produced by American Language Center in cooperation with The Jakarta Post and Radio Sonora FM 100.

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Fri, 09 May 1997

JP/PPP turns Jakarta, Surabaya green

PPP turns Jakarta, Surabaya green JAKARTA (JP): Tens of thousands of United Development Party (PPP) supporters jammed the streets of several cities yesterday while party leaders tried to swing voters away from the split Indonesian Democratic Party (PDI).

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Fri, 09 May 1997

JP/Busang

Busang On behalf of our client, we would like to thank you for your coverage of Krueng Gasui's position regarding the Busang gold mine (May 6, 1997). However, it appears there is a misperception which needs to be clarified.

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Fri, 09 May 1997

JP/Prince Ranariddh slams rival PM Hun Sen

Prince Ranariddh slams rival PM Hun Sen SIEM REAM, Cambodia (Agencies): Cambodian co-premier Prince Norodom Ranariddh renewed a verbal tirade against rival Hun Sen yesterday, one day after the two had agreed to end their war of words on radio and television.

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Fri, 09 May 1997

JP/PDI's chairman slams single majority

PDI's chairman slams single majority DILI, East Timor (JP): The Indonesian Democratic Party (PDI) broke its campaign silence yesterday with a call to end Golkar's political monopoly.

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Fri, 09 May 1997

JP/8 players qualify for selection

8 players qualify for selection JAKARTA (JP): Eight tennis players, five of them top seeds, qualified for national selection in June after beating their opponents in pre-selection matches between May 5 and May 7.

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Fri, 09 May 1997

JP/Government cool on Megawati-PPP alliance

Government cool on Megawati-PPP alliance JAKARTA (JP): The emerging alliance between Megawati Soekarnoputri loyalists and the United Development Party (PPP) was greeted warmly by a cabinet minister but received a cool response from the military Wednesday.Minister of Home Affairs Moch. Yogie S.M.

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Fri, 09 May 1997

JP/Servitia set to arrange ten syndicated loans

Servitia set to arrange ten syndicated loans JAKARTA (JP): The publicly listed Bank Umum Servitia is set to arrange 10 syndicated loans worth Rp 500 billion (US$208 million) this year.The bank's director Tarunodjojo said Wednesday that each syndicated loan would have a value of Rp 50 billion.

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Fri, 09 May 1997

JP/PKI political prisoner dies

PKI political prisoner dies JAKARTA: Death-row political prisoner, Soekatno, 69, of the now defunct Indonesian Communist Party (PKI) died in hospital yesterday.

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Fri, 09 May 1997

JP/Lippo Life reports surge in net profit

Lippo Life reports surge in net profit JAKARTA (JP): Lippo Life, the publicly listed life insurance company booked a net income of Rp 31.2 billion in the first quarter of 1997, almost five times higher than Rp 6.2 billion booked in the same period last year.

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Fri, 09 May 1997

JP/Observers hail PPP-Megawati alliance

Observers hail PPP-Megawati alliance JAKARTA (JP): Observers have given the thumbs up to the United Development Party's (PPP) move to embrace Megawati Soekarnoputri loyalists but warn it may backlash if not properly managed.

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Fri, 09 May 1997

JP/Campaign's excess

Campaign's excess On May 5, when United Development Party (PPP) campaigning was held in Bogor, PPP youths were seem doing many things which no law-abiding and God-fearing Moslem youth should do. In the Bubulak area, they struck cars with sticks, causing damage.

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Fri, 09 May 1997

JP/Jakarta military get new spokesman

Jakarta military get new spokesman JAKARTA (JP): Jakarta Military Commander Maj. Gen. Sutiyoso installed four new officials Wednesday, including new spokesman Lt. Col. Djazairi Nachrowi, who replaced Lt. Col. Didi Supandi.

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Fri, 09 May 1997

JP/Foreign presence boosts local stock trading

Foreign presence boosts local stock trading JAKARTA (JP): Trading on the Jakarta Stock Exchange rose for a third consecutive day Wednesday on the back of an increased foreign presence.

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Fri, 09 May 1997

JP/SEA Games stickers don't burden public: Wismoyo

SEA Games stickers don't burden public: Wismoyo JAKARTA (JP): The 19th SEA Games are only five months away but fund-raising is still inviting controversy.

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Fri, 09 May 1997

JP/Drasindo enters housing

Drasindo enters housing JAKARTA (JP): PT Duta Cahaya Mas of the Drasindo Group will expand its property business by building two housing complexes in West Java with a total investment of Rp 550 billion (US$229.16 million).

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Fri, 09 May 1997

JP/Indonesian textile-export quota increased 29 percent

Indonesian textile-export quota increased 29 percent JAKARTA (JP): Indonesia's textile-export quota will increase by up to 29 percent this year thanks to quota swaps from Singapore, higher quotas from Europe and the exemption of export overshipments last year.

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Fri, 09 May 1997

JP/Syahrizal finds direction through horse and rider sculptures

Syahrizal finds direction through horse and rider sculpturesBy Amir Sidharta JAKARTA (JP): Syahrizal's ongoing sculpture exhibition at the Cipta Gallery of the Taman Ismail Marzuki in Central Jakarta reflects his artistic development from 1984 to this year.

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Fri, 09 May 1997

JP/Padang bulls knocked down

Padang bulls knocked down PADANG, West Sumatra: The local Indonesian Democratic Party (PDI), which has the symbol of a bull, has admitted to having lost aggressiveness due to financial limitations.During the 1992 election, the minority party stood out for its huge campaign turnouts.

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Fri, 09 May 1997

JP/Art Events

Art EventsExhibition: Bauhaus Photography at Galeri Fotojurnalistik Antara, Jl. Antara 59, Pasar Baru, Central Jakarta; May 7 to May 19, closed on Mondays Well-known photographers, like Lsl Moholy-Nagy, have influenced Bauhaus, which was founded by Walter Gropius in 1919.

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Fri, 09 May 1997

JP/Where to go in Bali:

Where to go in Bali:Music and entertainment * Bali Cliff, Pecatu: Frog Dance, Saturday; Balinese Theater, Ramayana Ballet, Monday; Kecak Dance, Tuesday and Saturday; Legong Dance, Wednesday; Mask Dance, Thursday; Jegog Orchestra, Friday; Tektekan Calonarang, Sunday, from 8.30 p.m.

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Fri, 09 May 1997

JP/Politicians parrot Sukarno

Politicians parrot Sukarno BANYUMAS, Central Java: There is something missing in Indonesian Democratic Party's campaign attributes this season: pictures of first president Sukarno.

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Fri, 09 May 1997

JP/Newmont refuses to give 10% stake to government

Newmont refuses to give 10% stake to government JAKARTA (JP): Minister of Mines and Energy I.B. Sudjana has confirmed that Newmont Mining Corp. of the United States refused to give a 10-percent share of a gold mine operated by its subsidiary to the Indonesian government.

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Fri, 09 May 1997

JP/Telkom acts

Telkom acts We are pleased to report that following my letter (March 13, 1997) about the problems with my new telephone line, PT Telkom from Palmerah Service Point took immediate action fixing the line and clarifying the procedure for payment of our account. This was done the following day.

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Fri, 09 May 1997

JP/Poll rigging has begun, PPP chief claims

Poll rigging has begun, PPP chief claims JAKARTA (JP): United Development Party (PPP) chief Ismail Hasan Metareum said Wednesday he had evidence a government official had begun fixing the May 29 poll results.

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Fri, 09 May 1997

JP/Golkar getting rather hairy

Golkar getting rather hairy JAKARTA (JP): If you decide to trim your facial hair these days, make sure you shave it in the form of banyan tree or a figure two.That was Golkar chief Harmoko's advise to supporters of Golkar, the symbol of which is a banyan tree and whose ballot paper number is two.

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Fri, 09 May 1997

JP/Economy 'still sound despite campaigns'

Economy 'still sound despite campaigns' JAKARTA (JP): Campaigning for the May 29 election has had no effect on Indonesia's economy, Minister of Information Harmoko announced.

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Fri, 09 May 1997

JP/Railway official wins lawsuit against transportation minister

Railway official wins lawsuit against transportation minister JAKARTA (JP): A chief of a railway station, who was said to have shared responsibility for the death of 129 people in a 1987 train accident in Bintaro, South Jakarta, won a lawsuit Tuesday against the Minister of Transportation.

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Fri, 09 May 1997

JP/City denies report on reclamation study

City denies report on reclamation study JAKARTA (JP): Deputy Governor of Economic and Development Affairs Tb. M. Rais denied reports that an environmental impact study of the North Jakarta Reclamation Project had been rejected.

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Fri, 09 May 1997

JP/Pakpahan's children seek international help

Pakpahan's children seek international help JAKARTA (JP): Children of labor leader Muchtar Pakpahan, who is on trial for subversion, are seeking international help for their father.

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Fri, 09 May 1997

JP/Runners-up, relegation now focus in Premiership

Runners-up, relegation now focus in PremiershipBy Vic Mills LONDON (JP): With Manchester United claiming a fourth title in five years on Tuesday night, the final weekend of the Premiership season is all about runners-up and relegation.

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Fri, 09 May 1997

JP/Mulia firm increase dividends

Mulia firm increase dividends JAKARTA (JP): The publicly listed PT Mulialand and PT Mulia Industrindo, both subsidiaries of the Mulia Group, will distribute Rp 49.1 billion and Rp 33.1 billion in dividends respectively, the companies have announced.

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Fri, 09 May 1997

JP/A symbolic show

A symbolic show The tension surrounding the disputed Spratly islands affair has eased somewhat after armed Chinese ships withdrew last Friday. But the dispute will continue to be a thorn in the side of Philippine-Chinese relations until it is finally and peacefully resolved.

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Fri, 09 May 1997

JP/Shuttlers pledge to bring Sudirman Cup back home

Shuttlers pledge to bring Sudirman Cup back home JAKARTA (JP): National shuttlers playing for the Sudirman Cup pledged they would do their best and will try hard to bring home the coveted trophy.

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Fri, 09 May 1997

JP/Where to go in Jakarta:

Where to go in Jakarta:Music * Holiday Inn Crowne Plaza, Jl. Gatot Subroto Kav. 2-3, South Jakarta: - Semanggi Lounge: Classic Guitar Melodies with Nelson Rumantir, daily except Sunday, 7.30 a.m. to 9.30 a.m.; Pauli Yahya (Pianist), Monday to Saturday, 12 p.m. to 2 p.m.

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Fri, 09 May 1997

JP/Where to go in Surabaya:

Where to go in Surabaya:Music and Entertainment * The Patra Surabaya Hilton International Jl. Gunungsari Surabaya: - Kedai Jepara: Pianist Marcell Suryadharma, daily (except Sunday and Monday), 7 p.m. to 10 p.m.

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Fri, 09 May 1997

JP/Morocco replies

Morocco replies On May 5, 1997, The Jakarta Post published the right to reply of the Algerian Embassy contesting the commentary on the photo published by your daily on April 27, 1997, illustrating the visit of James Baker to the region of North West Africa.

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Fri, 09 May 1997

JP/Golkar supporters top traffic violations

Golkar supporters top traffic violations UJUNGPANDANG, South Sulawesi (JP): The police have ticketed 317 election rally revelers for traffic violations, most of them from the ruling political group Golkar.Chief of Ujungpandang city police Col.

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Fri, 09 May 1997

JP/On nonvoters

On nonvoters In democracies, failing to vote may be justified if the voter cannot find a least-worst candidate, rarely the case. In Indonesia, however, it seems some voters feel they face an election that is more festival than democracy.

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Fri, 09 May 1997

JP/Two held for illegal telecom business

Two held for illegal telecom business JAKARTA (JP): Police have arrested two foreigners for allegedly running an illegal international telecommunications operation in Jakarta, causing many companies to lose about Rp 2 billion (US$833,333).Police are hunting for 13 other suspects.

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Fri, 09 May 1997

JP/Soebadio accused of defamation

Soebadio accused of defamation JAKARTA (JP): Former politician Soebadio Sastrosatomo has been accused of defaming President Soeharto in his book titled Era Baru, Pemimpin Baru: Badio Menolak Rekayasa Regim Orde Baru (New Era, New Leader: Badio Rejects the New Order Regime's Engineering).

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Fri, 09 May 1997

JP/Is decency in election too much to ask for?

Is decency in election too much to ask for?By Mochtar Buchori JAKARTA (JP): The victory was expected and predicted. But no one, not even Tony Blair, I think, thought it would be such a huge victory.When the final result was announced, everyone was astounded.

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Fri, 09 May 1997

JP/Government should not 'mess around with Newmont'

Government should not 'mess around with Newmont' Former mining minister Mohammad Sadli believes the Busang gold mine hoax is nothing compared to the government's proposal to get a stake in another gold mine project, Batu Hijau concession, on Sumbawa Island, West Nusa Tenggara.

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Fri, 09 May 1997

JP/Four more skeletons found

Four more skeletons found MEDAN: Four more skeletons of women allegedly killed by the notorious shaman, Achmad Suradji, alias Datuk, have been found buried in a sugar plantation in Sei Semayang, North Sumatra, over the last two days.

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Fri, 09 May 1997

JP/Campaign schedule for Indonesia for May 9, 1997:

Campaign schedule for Indonesia for May 9, 1997: Party Campaign areas Important campaigners -------------------------------------------------------------- PPP Sumatra, Bali, East and Jusuf Syakir, Tosari Widjaja, West Nusa Tenggara, Muhammad Buang, Djufrie ...

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Fri, 09 May 1997

JP/Moslems told to renew religious commitment

Moslems told to renew religious commitment JAKARTA (JP): Minister of Religious Affairs Tarmizi Taher called on religious leader and other Indonesians Wednesday to work together to strengthen harmonious coexistence among believers of different faiths.

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Fri, 09 May 1997

JP/TV today

TV todayTVRI 2:30 a.m. News: Lintas Nusantara 2:40 Travel: My Country 2:45 Children's Film: Animated Classic 3:10 Education Program: Tunas 3:35 Talk Show: Sambung Rasa 4:00 Regional News 4:30 Student's Quiz : Cerdas Cermat 5:10 Film 5:30 Music: Paket 27 6:00 News: Lintasan ...

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Fri, 09 May 1997

JP/YLKI told to fight harder for consumer protection

YLKI told to fight harder for consumer protection JAKARTA (JP): The Indonesian Consumers Foundation has been urged to be more aggressive in its fight for greater consumer protection.Noted economist Didiek J.

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Fri, 09 May 1997

JP/On AIDS awareness at a price

On AIDS awareness at a price In response to the letter from Dr. Walbran from Gandhi Memorial International School (April 26, 1997) titled AIDS awareness for students at a price, we would like to clarify as follows:The University of Indonesia's School of Medicine's Pokdisus AIDS Center (located at ...

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Fri, 09 May 1997

JP/Police shoot two burglars

Police shoot two burglars PASURUAN, East Java: Police shot Wednesday two of five men who had just stolen Rp 1.5 million in cash, jewelry and three cameras from a house.The head of local police subprecinct, First Lt. S.

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Fri, 09 May 1997

JP/Jaya expects 9.24% profit growth

Jaya expects 9.24% profit growth JAKARTA (JP): Publicly listed Jaya Real Property projects a 9.24 percent increase in net profit to Rp 130 billion (US$54.16 million) this year from Rp 119 billion in 1996, the company's president Tanto Kurniawan said Wednesday.

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Fri, 09 May 1997

JP/Bank Niaga wary of property sector

Bank Niaga wary of property sector JAKARTA (JP): An oversupply of property and customers' current low purchasing power have made the publicly-listed Bank Niaga reluctant to provide loans to the property sector.

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Fri, 09 May 1997

JP/Bank Bahari to offer 50 million shares to public

Bank Bahari to offer 50 million shares to public JAKARTA (JP): Bank Bahari will sell around 50 million new shares to the public early next month to strengthen its capital structure.Bank Bahari's president Santoso Sumali said Wednesday the new shares, which have a nominal value of Rp 500 (U.S.

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Fri, 09 May 1997

JP/Defendants in Islamic state case sentenced

Defendants in Islamic state case sentenced JAKARTA (JP): The South Jakarta District Court sentenced has three defendants accused of taking part in the activities of an obscure organization called the Indonesian Islamic State (NII) to between nine months and one year in jail.

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Fri, 09 May 1997

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on May 7, 1997: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 1,025 ...

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