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

Thu, 19 Jun 1997

JP/Time to sack redneck MP

Time to sack redneck MP Three days before flying to Jakarta I read a story in The Jakarta Post (May 16, 1997) about Pauline Hanson, the renegade Australian politician who has just recently founded her own political party "One Nation".

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Thu, 19 Jun 1997

JP/Intan Wijaya to build another formalin plant in E. Kalimantan

Intan Wijaya to build another formalin plant in E. Kalimantan JAKARTA (JP): PT Intan Wijaya Chemical Industry Tbk, a formalin and wood adhesives maker, will build its third formalin plant in Banjarmasin, East Kalimantan, an executive said here yesterday.

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Thu, 19 Jun 1997

JP/Report on Indonesia

Report on Indonesia The 1997 World Bank Report on Indonesia, titled Indonesia sustaining high growth with equity praises the country's economic fundamentals but also strongly cautions the significant risks ahead, especially those related to external balance with rising private foreign borrowings.

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Thu, 19 Jun 1997

JP/Better labor legislation

Better labor legislation A few days ago, the government, represented by the Minister of Manpower Abdul Latief, submitted a draft labor law in a plenary session of the House of Representatives.

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Thu, 19 Jun 1997

JP/RI economy strong, yet risks loom

RI economy strong, yet risks loom JAKARTA (JP): Significant risks loom over Indonesia's economy, despite its strong fundamentals, because the current account deficit may worsen, deregulation has lost momentum and core inflation is still high, the World Bank warns.

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Thu, 19 Jun 1997

JP/Doctor's tips for parents with asthmatic children

Doctor's tips for parents with asthmatic children JAKARTA (JP): A doctor told parents of asthmatic children here Saturday that they could treat their children themselves with the aid of a newly produced asthma information and treatment kit.F.X.

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Thu, 19 Jun 1997

JP/Journalist died in accident: Military

Journalist died in accident: Military UJUNGPANDANG, South Sulawesi (JP): The military said yesterday a traffic accident was the cause of the recent death of journalist Muhammad Sayuti Haji Buchori, better known as Sanrego.Wirabuana regional military commander Maj. Gen.

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Thu, 19 Jun 1997

JP/IPTN pushes N-250 plane sales in Paris

IPTN pushes N-250 plane sales in ParisBy Endy M. Bayuni PARIS (JP): PT IPTN, the Indonesian state-run aircraft company, is pushing the sales of its new N-250 turboprop plane at the ongoing Paris Air Show.

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Thu, 19 Jun 1997

JP/PDI proposes four governor candidate

PDI proposes four governor candidate JAKARTA (JP): The list of candidates for Jakarta's next governor increased as the Indonesian Democratic Party (PDI) proposed four candidates, including Jakarta Military Commander Maj. Gen. Sutiyoso.Chairman of PDI at the City Council, Lukman F.

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Thu, 19 Jun 1997

JP/Support grows for nonindigenous ministers

Support grows for nonindigenous ministers SEMARANG (JP): Support is growing among scholars for the recent suggestion that nonindigenous Indonesians be included in the next cabinet.

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Thu, 19 Jun 1997

JP/TV today

TV todayTVRI 2:30 p.m. News: Lintas Nusantara 2:40 Travel: My Country 2:45 Children's Film: Family Matters 3:10 Science Film: Animal Odyssey 3:35 Religious Teachings: Islam 4:00 Regional News 4:30 Performances: Pelangi Budaya 5:00 Arabic Lessons 5:30 Children's Program: Bermain ...

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Thu, 19 Jun 1997

JP/Indonesia will hold forex club forum

Indonesia will hold forex club forum JAKARTA (JP): Indonesia will host a congress of the South East Asia Forum of foreign exchange clubs from Sept. 5 to Sept. 7 in Denpasar, Bali.

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Thu, 19 Jun 1997

JP/City to hold float parade

City to hold float parade JAKARTA (JP): Anyone interested in joining a parade of floats can register at City Hall until July 15.Chairman of the parade's committee, Prawoto S. Danoemihardjo, said the parade was part of the commemoration of Jakarta's 470th anniversary."The parade will be held Aug.

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Thu, 19 Jun 1997

JP/Elephants march through Ancol

Elephants march through Ancol JAKARTA (JP): Fifteen elephants from Way Kambas, South Sumatra, are scheduled to parade through Ancol Dreamland Park in North Jakarta to celebrate Jakarta's 470th anniversary on June 21.

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Thu, 19 Jun 1997

JP/Best books for children announced

Best books for children announced JAKARTA (JP): The Indonesian Publishers Association named Kiambang Bertaut yesterday the best children's book in 1996.Written by C.M.

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Thu, 19 Jun 1997

JP/Cambodia after Pol Pot

Cambodia after Pol Pot After more than 30 years of fighting and killing, the hated Khmer Rouge are reportedly in complete disarray and their supreme leader, Pol Pot, is said to be fleeing for his life.

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Thu, 19 Jun 1997

JP/Moslems' special fund worth Rp 300 billion

Moslems' special fund worth Rp 300 billion JAKARTA (JP): Minister of Religious Affairs Tarmizi Taher said yesterday the special fund for Moslems at Bank Indonesia was worth Rp 300 billion (approximately US$125 million) and would increase to Rp 1.3 trillion by 2019.

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Thu, 19 Jun 1997

JP/Salute to Timor car

Salute to Timor car It is quite an honor indeed for the Timor to have been designated as the government's official escort vehicle. No longer shall they rely on those exorbitant European imports to chauffeur around government officials and their guests during auspicious occasions.

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Thu, 19 Jun 1997

JP/No settlements reached as drivers continue to strike

No settlements reached as drivers continue to strike JAKARTA (JP): Students arrived home late and passengers spent thousands of rupiah on fares as drivers in Bogor continued to strike. As of late yesterday, a settlement had not been reached.

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Thu, 19 Jun 1997

JP/Bank Niaga to open two more branches

Bank Niaga to open two more branches JAKARTA (JP): Publicly listed Bank Niaga is including another Asian country in its planned opening of two new branches this year, its president said here yesterday.

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Thu, 19 Jun 1997

JP/Hong Kong has no say at handover ceremony

Hong Kong has no say at handover ceremony In the sixth part of his current series on Hong Kong as it reverts to Chinese sovereignty, our Asia correspondent Harvey Stockwin reports on the likely format, and inner meaning, of the handover ceremony as British sovereignty ends and Chinese sovereignty ...

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Thu, 19 Jun 1997

JP/Badminton team to be set up for better results

Badminton team to be set up for better results JAKARTA (JP): The Badminton Association of Indonesia will set up a special team as part of its efforts to increase national shuttlers' international achievements.

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Thu, 19 Jun 1997

JP/Bank Surya optimistic about profit target

Bank Surya optimistic about profit target JAKARTA (JP): Publicly listed Bank Surya, a subsidiary of the Golden Truly Group, booked a Rp 15.58 billion (US$6.38 million) pretax profit for the January to May period, up about 10 percent on the same period last year.Bank Surya's president A.K.

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Thu, 19 Jun 1997

JP/Three Pakistanis arrested for heroin possession

Three Pakistanis arrested for heroin possession JAKARTA (JP): Three Pakistani men were arrested Tuesday for allegedly possessing heroin and keeping it at their house in Central Jakarta, police said.Two were shot in the leg for resisting arrest, City Police Spokesman Lt. Col. E.

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Thu, 19 Jun 1997

JP/Tourist info available at Fair

Tourist info available at Fair JAKARTA (JP): The Jakarta administration stand at the Jakarta Fair has been visited by about 1,000 tourists looking for tourist information.

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Thu, 19 Jun 1997

JP/Mashill sees profit up

Mashill sees profit up JAKARTA (JP): The publicly listed Bank Mashill expects its net profit to rise about 60 percent to Rp 40 billion (US$16.6 million) this calendar year.

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Thu, 19 Jun 1997

JP/Latief dismisses criticism over jailed labor leader

Latief dismisses criticism over jailed labor leader JAKARTA (JP): Minister of Manpower Abdul Latief dismissed yesterday international criticism over the jailing of labor leader Muchtar Pakpahan.

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Thu, 19 Jun 1997

JP/Citra Aromatic approaches German bank: Shareholder

Citra Aromatic approaches German bank: Shareholder JAKARTA (JP): PT Citra Aromatic Indonesia is negotiating with a German bank for finance to develop its aromatic plant in Serang, West Java, says the chairman of one of the project's shareholders.

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Thu, 19 Jun 1997

JP/Bank Bali wants Rp 170b net profit

Bank Bali wants Rp 170b net profit JAKARTA (JP): Publicly listed Bank Bali has targeted a consolidated net profit of Rp 170 billion (US$70.8 million) this year, up 31 percent over last year.

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Thu, 19 Jun 1997

JP/Tough environment policy needed

Tough environment policy neededBy Anies Rasyid Baswedan HYATSVILLE, Maryland, United States (JP): Multinational corporations (MNCs) are the latest version of the modern corporation.

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Thu, 19 Jun 1997

JP/Petrochemical industry needs $8b investment

Petrochemical industry needs $8b investment JAKARTA (JP): A US$8 billion investment is needed in Indonesia's petrochemical sector during the current five-year development program to reach the projected annual growth rate of 15.73 percent, a government official said here yesterday.

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Thu, 19 Jun 1997

JP/Lower import duties may hurt RI's auto industry: Tunky

Lower import duties may hurt RI's auto industry: Tunky JAKARTA (JP): Minister of Industry and Trade Tunky Ariwibowo said yesterday that meeting the requests of Japan, the European Union and the United States to cut import duties and luxury taxes on car components may cause problems to the ...

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Thu, 19 Jun 1997

JP/Art Agenda

Art AgendaArt exhibition: Ardiyanto Pranata at Galeri Cipta II, Taman Ismail Marzuki, Jl. Cikini Raya 73, Central Jakarta, June 19-27Ardiyanto, famous for his batiks, presents his brilliant abstractions in this exhibition.

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Thu, 19 Jun 1997

JP/PT Daya-Varia sells assets to efficiency

PT Daya-Varia sells assets to efficiency JAKARTA (JP): Publicly listed pharmaceutical company PT Daya- Varia Laboratoria announced yesterday it would liquidate two of its subsidiaries, sell its minority shares in two other companies and sell part of its assets in a drive to increase efficiency.

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Thu, 19 Jun 1997

JP/Activists told to ignore summonses

Activists told to ignore summonses UJUNGPANDANG, South Sulawesi: The chief of the Jakarta-based Legal Aid Institute Foundation, Bambang Widjojanto, said yesterday that the independent poll watchdog's local activists should ignore police summonses.

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Thu, 19 Jun 1997

JP/Lost property

Lost property A cellular phone was found on June 14, 1997 in an ATM box located in South Jakarta.Those who have lost a cellular phone can contact Ms. Ami/Ms. Retno on 3503139 during business hours, by describing the cellular phone and proving ownership.

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Thu, 19 Jun 1997

JP/Where to go in Jakarta:

Where to go in Jakarta:Music * Hotel Horison, Jl. Pantai Indah, Taman Impian Jaya Ancol, North Jakarta: - The Anging Mamiri Garden: Fantastic Group from Philippines, Ever Green Hawaiian Band/Orkes Keroncong, Hula-hula Dances, every Saturday Night, 7 p.m. to 10:30 p.m.

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Thu, 19 Jun 1997

JP/Soeharto promises no arbitrary press bannings

Soeharto promises no arbitrary press bannings JAKARTA (JP): President Soeharto assured the national press yesterday that the government would not revoke publishing licenses arbitrarily.He said the press should act responsibly and place national interests above those of individuals or groups.

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Thu, 19 Jun 1997

JP/Branta Mulia plans tire-cord plants abroad

Branta Mulia plans tire-cord plants abroad JAKARTA (JP): PT Branta Mulia plans to set up nylon tire-cord manufacturing plants in India and China in cooperation with Du Pont de Nemours and Company as part of its expansion overseas, a company executive says.

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Thu, 19 Jun 1997

JP/Bank Mega launches new logo

Bank Mega launches new logoJP/alx JAKARTA (JP): Bank Mega launched yesterday a new identity, corporate logo and repackaged service products in a vigorous bid to become one of the ten largest banks in Indonesia.

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Thu, 19 Jun 1997

JP/Unclean administration 'caused recent riots'

Unclean administration 'caused recent riots' YOGYAKARTA (JP): Recent widespread sectarian and ethnic unrest was partly caused by an unclean administration, a sociologist concluded.

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Thu, 19 Jun 1997

JP/State-owned Indosat launches interactive Internet service

State-owned Indosat launches interactive Internet service JAKARTA (JP): State-owned international telecommunications carrier PT Indosat launched yesterday Indonesia Interactive, an interactive Internet service in cooperation with U.S. software company Microsoft.

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Thu, 19 Jun 1997

JP/City needs more wastewater treatment plants

City needs more wastewater treatment plants JAKARTA (JP): The city needs more household wastewater treatment centers to cope with the waste of its almost 10 million people, a city official said yesterday.

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Thu, 19 Jun 1997

JP/Where to go in Bandung:

Where to go in Bandung:Music and Entertainment * Horison Hotel, Jl. Pelajar Pejuang 45 No. 121, Maskumambang 8 Buah Batu: - Spec's Music Lounge and Karaoke, at 7 p.m. to 2 a.m., P&P Band and Flower Power Band, Wednesday, Saturday; Organist and Singer, daily.

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Thu, 19 Jun 1997

JP/Indorayon buys Kemira

Indorayon buys Kemira JAKARTA (JP): Asia Pacific Forest Products Ltd., a subsidiary of PT Inti Indorayon Utama (Indorayon) has acquired 100 percent of the shares of Finnish viscose fiber producer Kemira Fibers Oy.Indorayon director Brett G.

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Thu, 19 Jun 1997

JP/Much ado about cricket

Much ado about cricket I read with a great deal of interest and amusement the letter about cricket and colonization (June 12). I think the writer exaggerated the order of importance, indicating that he does not quite understand the game and its value to millions of its followers.

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Thu, 19 Jun 1997

JP/No plan to build apartment on soccer field

No plan to build apartment on soccer field JAKARTA (JP): Governor Surjadi Soedirdja toned down fears yesterday that a soccer field, a rare thing in the city, would have to make way for an apartment project.

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Thu, 19 Jun 1997

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on June 18, 1997: Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 1,550 ...

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Thu, 19 Jun 1997

JP/New traffic system in Slipi

New traffic system in Slipi JAKARTA (JP): Motorists passing through the Slipi area are now subject to a one-way system in a bid to reduce congestion.Traffic from Jl. Slipi Dalam is directed to Jl. Slipi 1 and Jl. Slipi 2.Chief of the City Land Transportation Agency, J.P.

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Thu, 19 Jun 1997

JP/Expert downplays promise of biotechnological drugs

Expert downplays promise of biotechnological drugs JAKARTA (JP): A United Nations organization special advisor cautioned yesterday about the dangers of medicines derived from natural resources using biotechnology.

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Thu, 19 Jun 1997

JP/PDI, PPP earn more seats

PDI, PPP earn more seats MEDAN: The United Development Party's (PPP) and Indonesian Democratic Party's (PDI) North Sumatra chapters earned one more seat each in the provincial legislative council when the election results were endorsed here Tuesday.

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Thu, 19 Jun 1997

JP/PDI and PPP cold shoulder Golkar vote offer

PDI and PPP cold shoulder Golkar vote offer JAKARTA (JP): The prospect of the Indonesian Democratic Party (PDI) being given more seats in the House of Representatives faded yesterday as it and the United Development Party (PPP) failed to warm to the plan.

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Thu, 19 Jun 1997

JP/Police detain 57 troublemakers

Police detain 57 troublemakers DILI: Fifty-seven people have been detained since May over their alleged involvement in riots, according to the outgoing local police chief, Col. Jusuf Mucharam."Three of them were arrested only last night," said Mucharam after transferring his post to Col.

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Thu, 19 Jun 1997

JP/England maintains winning team for 2nd cricket Test

England maintains winning team for 2nd cricket TestBy Vic Mills LONDON (JP): After its comprehensive nine wicket win over Australia in the first cricket Test of this Ashes summer, England, not surprisingly, has chosen the same squad for the second Test starting at Lord's today.

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