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

Tue, 15 Jul 1997

JP/GT Petrochem gets loan

GT Petrochem gets loan JAKARTA (JP): PT GT Petrochem Industries, a diversified Indonesian petrochemical company, announced yesterday that it had secured US$300 million in syndicated loans from 22 international financial institutions.

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Tue, 15 Jul 1997

JP/Asrul wants to find time to write novels at 70

Asrul wants to find time to write novels at 70 JAKARTA (JP): Top Indonesian author Asrul Sani said yesterday that he planned to complete his biography this year and find time to write novels.Asrul launched two books to coincide with his 70th birthday yesterday.

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Tue, 15 Jul 1997

JP/Life insurance service

Life insurance service In 1992 my father was offered a life insurance policy by an agent of Dharmala Manulife Insurance Company. Considering the humanitarian function of the life insurance business, we agreed to take the policy at a cost of US$500,000.

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Tue, 15 Jul 1997

JP/Pickups available for rent under Slipi flyover

Pickups available for rent under Slipi flyoverBy Listiana Operananta JAKARTA (JP): If you pass under the Slipi flyover you might wonder why there are so many pickup trucks lined up. Is it a used-car lot? No, it's not -- it's a pickup rental area.

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Tue, 15 Jul 1997

JP/Nineteen die in mishap

Nineteen die in mishap MEDAN, North Sumatra: At least 19 people died when the Peldatari wooden boat, carrying about 200 passengers, sank Sunday in Lake Toba, Antara reported yesterday.

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Tue, 15 Jul 1997

JP/Economists confident about rupiah

Economists confident about rupiah JAKARTA (JP): Economists are confident that Indonesia's economic fundamentals are strong enough to withstand speculative attacks on the rupiah.

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Tue, 15 Jul 1997

JP/LRT systems for Bandung, Surabaya

LRT systems for Bandung, Surabaya JAKARTA (JP): Indonesia plans to build light rail transit (LRT) systems in Bandung, West Java, and Surabaya, East Java, to cope with the future transportation needs of the two cities.

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Tue, 15 Jul 1997

JP/Maid robbed of 5-gram necklace

Maid robbed of 5-gram necklace JAKARTA (JP): Eight unidentified men broke into a house on Jl. Pembangunan Dalam, in Gambir district, Central Jakarta, yesterday and made away only with a 5-gram gold necklace.

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Tue, 15 Jul 1997

JP/Protected forests under threat

Protected forests under threat SAMARINDA, East Kalimantan: More than 1.6 million hectares of forest in East Kalimantan remain under immediate threat despite being declared a conservation area.The provincial conservation and natural resources office's head, Ade H.

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Tue, 15 Jul 1997

JP/Sundanese couple wins lawsuit over marriage

Sundanese couple wins lawsuit over marriage JAKARTA (JP): A couple, who married in a traditional Sundanese ceremony last year, won their case yesterday against the East Jakarta civil registry office which had refused to recognize their marriage.

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Tue, 15 Jul 1997

JP/Indomobil boosts capacity amid growing demand

Indomobil boosts capacity amid growing demand JAKARTA (JP): PT Indomobil, the automotive division of the Salim group, is increasing its production capacity to anticipate a growing demand for cars and motorbikes on the domestic market,Company president director Soebronto Laras said yesterday ...

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Tue, 15 Jul 1997

JP/Mount Ijen closed to tourists

Mount Ijen closed to tourists JEMBER, East Java: Mount Ijen, one of East Java's most popular tourist attractions, remains closed because of high volcanic activity.

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Tue, 15 Jul 1997

JP/Mandela's wit boosts RI-South Africa links

Mandela's wit boosts RI-South Africa links JAKARTA (JP): With witty eloquence, South African President Nelson Mandela charmed his audience at a state banquet here last night, adding an air of ease to a normally very formal affair.

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Tue, 15 Jul 1997

JP/Accor and Bhakti Mitra Wisata open hotel school

Accor and Bhakti Mitra Wisata open hotel school JAKARTA (JP): Hotel management group Accor Asia Pacific launched yesterday a new hotel training institution run in cooperation with local foundations.

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Tue, 15 Jul 1997

JP/BPN to issue property rights for cheap houses

BPN to issue property rights for cheap houses JAKARTA (JP): Minister of Agrarian Affairs/Chairman of National Land Agency (BPN) Soni Harsono said yesterday that buyers of inexpensive houses were allowed to receive property rights.

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Tue, 15 Jul 1997

JP/Tangerang's office project

Tangerang's office project JAKARTA (JP): Tangerang regency's new office project, currently being constructed in Tigaraksa, is expected to be completed by March next year.

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Tue, 15 Jul 1997

JP/Endorsable ticketing system runs smoothly

Endorsable ticketing system runs smoothly JAKARTA (JP): The endorsable ticketing system which allows passengers to use tickets from one airline on other carriers on the same domestic route is running smoothly despite a lack of comprehension, an executive said.

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Tue, 15 Jul 1997

JP/State presses for trial of African

State presses for trial of African JAKARTA (JP): A state prosecutor urged Central Jakarta District Court yesterday to try a Cameroonian soccer player who has been accused of swindling Rp 10 million ($4,200) from two Indonesians.

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Tue, 15 Jul 1997

JP/Reasonable excuse?

Reasonable excuse? I am writing in reference to the letter Soccer games (July 12). The letter clearly showed that soccer is not Keith Marshall's strong point. He is not yet able to understand that there is a difference between playing "rough" and playing "dirty".

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Tue, 15 Jul 1997

JP/PDI wants fewer House commissions

PDI wants fewer House commissions JAKARTA (JP): The Indonesian Democratic Party (PDI), which won only 11 of the 425 House of Representatives seats contested in the May election, is seeking to reduce the number of House commissions to suit its tiny minority.

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Tue, 15 Jul 1997

JP/Regional cooperative alliance called for

Regional cooperative alliance called for JAKARTA (JP): Coordinating Minister for Production and Distribution Hartarto urged yesterday for the establishment of a strong network between cooperative movements and small and medium businesses in the Asia-Pacific region.

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Tue, 15 Jul 1997

JP/Mines and Energy Ministry told to follow rules

Mines and Energy Ministry told to follow rules JAKARTA (JP): Vice President Try Sutrisno told yesterday Ministry of Mines and Energy officials to be consistent in the way they promoted investment in the mines and energy sector.

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Tue, 15 Jul 1997

JP/Tyson ban is hardly sufficient

Tyson ban is hardly sufficient Mike Tyson has received the toughest possible penalty from the relevant governing body for biting his opponent Evander Holyfield on the ear during their June 28 heavyweight title bout.

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Tue, 15 Jul 1997

JP/Donetesk wins cities chess tourney

Donetesk wins cities chess tourney JAKARTA (JP): The Ukrainian city of Donetesk won the World Cities Chess Championships here with 29 Match Points (MP) after drawing with Vietnam's Ho Chi Minh City 2-2 in a last round match lasting just seven minutes yesterday.

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Tue, 15 Jul 1997

JP/Call for more AIDS awareness

Call for more AIDS awareness FAKFAK, Irian Jaya: The head of Irian Jaya's health office, Dr. Slamet H., called for greater public awareness yesterday to prevent the spread of the deadly AIDS virus.

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Tue, 15 Jul 1997

JP/Army chief visits E. Timor

Army chief visits E. Timor DILI, East Timor: Army chief Gen. Wiranto arrived in Dili yesterday for a three-day working visit of Indonesia's youngest province.During his stay here, Wiranto will meet village chiefs and community leaders.

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Tue, 15 Jul 1997

JP/Pedicab drivers protest on Surabaya streets

Pedicab drivers protest on Surabaya streets SURABAYA (JP): Five thousand pedicabs drove through the city's thoroughfares yesterday, carrying banners and posters to protest traffic rules that restrict their areas of operation.

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Tue, 15 Jul 1997

JP/Reviewing TV bill

Reviewing TV bill The government's decision to send the broadcasting bill back to the House of Representatives, which endorsed it in December, is strange and unprecedented.

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Tue, 15 Jul 1997

JP/Australia's BHP Steel plans to buy Krakatau Steel shares

Australia's BHP Steel plans to buy Krakatau Steel shares JAKARTA (JP): Melbourne-based The Broken Hill Proprietary Company Ltd's (BHP) steel division BHP Steel is considering buying shares in state-owned Krakatau Steel, a company representative said yesterday.BHP Indonesia president Colin E.

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Tue, 15 Jul 1997

JP/Container problem at Tanjung Priok easing

Container problem at Tanjung Priok easing JAKARTA (JP): Container clearance from Tanjung Priok port has significantly improved since the free-of-charge container waiting time was reduced at the port, Minister of Transportation Haryanto Dhanutirto said yesterday.

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Tue, 15 Jul 1997

JP/The Asian success story

The Asian success story The following is a revised paper by Budiawan presented at a recent workshop on Contemporary Southeast Asia and its Studies, held by the Institute of Southeast Asian Studies & Southeast Asian Studies Program, National University of Singapore.

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Tue, 15 Jul 1997

JP/JSX must boost capital mart promotion

JSX must boost capital mart promotion JAKARTA (JP): Jakarta Stock Exchange (JSX) management should be more aggressive in its promotion of the capital market to the public, a senior analyst said yesterday.A capital market analyst, E.A.

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Tue, 15 Jul 1997

JP/Indonesia deports 11 Taiwanese women

Indonesia deports 11 Taiwanese women JAKARTA (JP): The immigration directorate general deported 11 Taiwanese women yesterday for violating immigration regulations by working illegally as karaoke guides, an official said.

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Tue, 15 Jul 1997

JP/ASEAN 'stays out of Cambodia'

ASEAN 'stays out of Cambodia' JAKARTA (JP): Indonesian foreign minister Ali Alatas stressed yesterday that the ASEAN ministerial team set to meet Cambodian leaders does not intend to interfere in Cambodia's internal affairs but hopes to avert rising tensions which could destabilize the region.

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Tue, 15 Jul 1997

JP/Forum set up to find presidential candidate

Forum set up to find presidential candidate JAKARTA (JP): A group of government critics formed an independent forum yesterday with the main aim of preparing an alternative candidate for the 1998-2003 presidency.

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Tue, 15 Jul 1997

JP/Finance Minister approves Bank Arta Prima acquisition

Finance Minister approves Bank Arta Prima acquisition JAKARTA (JP): Minister of Finance Mar'ie Muhammad has approved the Artha Graha group's acquisition of scandal-plagued Bank Arta Prima despite a lawsuit from former owners the Gunung Agung group.

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Tue, 15 Jul 1997

JP/5 brokerage campanies suspended

5 brokerage campanies suspended JAKARTA (JP): The Capital Market Supervisory Agency temporarily suspended yesterday five brokerage companies for their poor performance.

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Tue, 15 Jul 1997

JP/Sentul oversubscribed

Sentul oversubscribed JAKARTA (JP): PT Royal Sentul Highlands's recent initial public offering (IPO) was oversubscribed by 500 percent due to high demand from both local and foreign investors, the company announced yesterday.

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Tue, 15 Jul 1997

JP/Indonesia 'can make safe nuclear power'

Indonesia 'can make safe nuclear power' JAKARTA (JP): A top energy official claimed yesterday that Indonesia had all the safety technology required to prevent accidents, even on the magnitude of Chernobyl, should it decide to go nuclear.

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Tue, 15 Jul 1997

JP/Where to go in Jakarta:

Where to go in Jakarta:Music * Planet Hollywood, Jl. Gatot Subroto Kav. 16, South Jakarta, Music Hours, Wednesday to Sunday, 9.30 p.m. onwards: Tricia Tahara, an American Singer. Top Classic Rock Music, every Thursday. Flashback night features old time favorite songs, every Friday. * Jamz, Jl.

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Tue, 15 Jul 1997

JP/Maj. Gen. Yunus named ABRI sociopolitical affairs chief

Maj. Gen. Yunus named ABRI sociopolitical affairs chief JAKARTA (JP): Armed Forces Staff and Command School chief Maj. Gen. M. Yunus Yosfiah has been named the next Armed Forces chief of sociopolitical affairs to replace Lt. Gen. Syarwan Hamid.Armed Forces Chief Gen.

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Tue, 15 Jul 1997

JP/TV today

TV todayTVRI 2:30 p.m. News: Lintas Nusantara 2:40 Travel: My Country 2:45 Teenagers' Program: Remaja Indonesia 3:00 News: Lintasan Berita 3:20 Soccer: Kansas League, Persma Malang vs Barito Putra (live) 4:15 Regional News 4:25 Soccer: Persma Malang vs Barito Putra (contd.

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Tue, 15 Jul 1997

JP/Eight drug dealers nabbed, 30 kg of marijuana seized

Eight drug dealers nabbed, 30 kg of marijuana seized JAKARTA (JP): Police arrested eight alleged drug dealers in a series of raids and confiscated nearly 30 kilograms of marijuana and 342 Ecstasy pills, an officer said yesterday.Chief of City Police Detectives of Narcotics Affairs Lt. Col. D.

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Tue, 15 Jul 1997

JP/Police to set up data base on crimes

Police to set up data base on crimes JAKARTA (JP): City Police will soon develop a crime information management system to back up its daily operations and to improve coordination among departments.City Police spokesman Lt. Col. E.

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Tue, 15 Jul 1997

JP/Patience needed for ASEAN expansion

Patience needed for ASEAN expansion Thus far, ASEAN's regional stability has been secure because each of its members has been able to maintain its own national stability, while avoiding conflicts with other members by encouraging cooperation.

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Tue, 15 Jul 1997

JP/Kitchen bus for fire victims

Kitchen bus for fire victims JAKARTA (JP): A new kitchen-equipped bus launched by the Central Jakarta Fire Department has helped residents whose houses have been gutted in a series of fires throughout the city.

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Tue, 15 Jul 1997

JP/119 boxers to compete in 18th President Cup

119 boxers to compete in 18th President Cup JAKARTA (JP): One hundred and 19 boxers from 18 countries will compete in next week's 18th President Cup championships in Bogor, West Java.

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Tue, 15 Jul 1997

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on July 14, 1997: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo ...

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Tue, 15 Jul 1997

JP/No go for green lawsuit

No go for green lawsuit JAKARTA (JP): The Jakarta State Administrative Court dismissed yesterday a lawsuit filed by five environmental activists against President Soeharto for his plan to divert huge sums of reforestation funds to a private pulp and paper company.

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