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

Sat, 19 Jul 1997

JP/Return to F1 for Lotus?

Return to F1 for Lotus? LONDON: The famous name of Lotus may return to the Formula 1 scene in 1999, according to owner David Hunt (the brother of 1976 world champion James).

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Sat, 19 Jul 1997

JP/Bank employee, housewife arrested in Rp 1.5b scam

Bank employee, housewife arrested in Rp 1.5b scam JAKARTA (JP): A state-owned bank in Central Jakarta was hit by bogus transfer orders with a combined value of Rp 1.5 billion (US$612,244) issued between 1993 and 1995, a police officer said yesterday.

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Sat, 19 Jul 1997

JP/TV today

TV todayTVRI 2:30 a.m. News: Lintas Nusantara 2:40 Travel: My Country 2:45 Children's Film: Road to Avonlea 3:10 Teenagers' Program: Vokal Grup SMU 3:35 Travel: Wisata Nasional 4:00 Regional News 4:30 Sports 5:25 Variety Show: Country Tracks 5:30 TV Series: Emergency Call 5:55 ...

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Sat, 19 Jul 1997

JP/Student denies role in fatal beating

Student denies role in fatal beating JAKARTA (JP): A senior high school student denied in court yesterday that he beat another student during an interschool brawl in Central Jakarta last December.

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Sat, 19 Jul 1997

JP/Try wants top graduates to join civil service

Try wants top graduates to join civil service JAKARTA (JP): Vice President Try Sutrisno expressed concern yesterday that too few of the country's best graduates were entering the civil service, preferring instead to join the private sector.

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Sat, 19 Jul 1997

JP/SEA Games merchandising expected to rise Rp 500m

SEA Games merchandising expected to rise Rp 500m JAKARTA (JP): Merchandising for the 19th Southeast Asian (SEA) Games is expected to collect Rp 500 million (US$204,082) in three months but the Games consortium is not optimistic about sales.

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Sat, 19 Jul 1997

JP/Two criminals mobbed

Two criminals mobbed JAKARTA (JP): Two criminals, who failed to steal valuables from two houses in Central Jakarta and Tangerang, were mobbed by local residents in separate incidents yesterday.City Police spokesman Lt. Col. E.

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Sat, 19 Jul 1997

JP/Timor Putra ceases imports

Timor Putra ceases imports JAKARTA: Indonesia's national carmaker, PT Timor Putra National, has almost ended imports of finished cars duty free from South Korea.The company will now concentrate on building its own cars.

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Sat, 19 Jul 1997

JP/Kia's crisis may affect Timor car program, says Saleh Afiff

Kia's crisis may affect Timor car program, says Saleh Afiff JAKARTA (JP): The on-going financial crisis within South Korea's Kia Motors Corp, may affect Indonesia's national car program, says Coordinating Minister for Economic and Finance Saleh Afiff.

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Sat, 19 Jul 1997

JP/City urges big contractors to help small firms

City urges big contractors to help small firms JAKARTA (JP): The city government has threatened to cancel its projects currently being handled by large contractors unless they cooperate with small contractors and cooperatives.

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Sat, 19 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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Sat, 19 Jul 1997

JP/Bogor market renovation to start soon

Bogor market renovation to start soon BOGOR (JP): Reconstruction of the Kebon Kembang Market, which was gutted by a large fire in March last year, will begin next month and should be completed by January 1999, a private developer appointed to carry out the project said yesterday.

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Sat, 19 Jul 1997

JP/Singaporeans taking up Jakarta condominiums

Singaporeans taking up Jakarta condominiums JAKARTA (JP): Many Singaporeans are taking advantage of the low prices of new condominiums in Jakarta, a leading developer said yesterday.

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Sat, 19 Jul 1997

JP/Jordan opts for Mugen engines

Jordan opts for Mugen engines TOKYO: The Jordan Formula 1 team has secured Mugen-Honda engines for the 1998 season to replace its Peugeot units.Jordan was in a hotly contested bidding war with Arrows, which is now without an engine deal for next year.

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Sat, 19 Jul 1997

JP/Bank customer complain to police

Bank customer complain to police JAKARTA (JP): City Police have asked representatives of the Bank of Tokyo Mitsubishi city office to appear at City Police Headquarters to settle a complaint from one of its customers, an officer said.City Police spokesman Lt. Col. E.

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Sat, 19 Jul 1997

JP/Extensive military reshuffle

Extensive military reshuffle JAKARTA (JP): The Armed Forces (ABRI) unveiled yesterday a massive leadership reshuffle in the Army, Navy, Air Force and National Police.Armed Forces Spokesman Brig. Gen.

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Sat, 19 Jul 1997

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on July 18, 1997: Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 1,175 ...

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Sat, 19 Jul 1997

JP/Rumania and RI eye cooperation

Rumania and RI eye cooperation JAKARTA (JP): President Soeharto and Rumanian President Emil Constantinescu held bilateral talks yesterday morning aimed at strengthening economic and political ties.

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Sat, 19 Jul 1997

JP/Air crash death toll rises to 29

Air crash death toll rises to 29 JAKARTA (JP): The death toll from Thursday's aircraft crash near Bandung rose to 29 yesterday evening when a passenger, Yeshi, died in hospital here.

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Sat, 19 Jul 1997

JP/Fall in number of women councilors 'saddening'

Fall in number of women councilors 'saddening' JAKARTA (JP): A noted scholar lamented yesterday the decrease in women councilors from 12 during the previous term to eight.

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Sat, 19 Jul 1997

JP/Lone gets results from Tarra

Lone gets results from Tarra SYDNEY (Reuter): Lone Star Exploration NL said yesterday it had significant gold and base metal results from its Tarra prospect north of the Awak Mas deposit in Indonesia.

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Sat, 19 Jul 1997

JP/East Timor blossoms after 21 years of integration

East Timor blossoms after 21 years of integrationText and photos by IGN Oka Budhi Yogaswara DILI, East Timor (JP): Indonesia's youngest province this week celebrated its 21st anniversary of integration with Indonesia.

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Sat, 19 Jul 1997

JP/Some E. Timorese youths 'ignore benefits'

Some E. Timorese youths 'ignore benefits' DILI, East Timor (JP): Joao Delfino da Silva, one of the surviving local elders who helped East Timor integrate into Indonesia in 1976, said last week that some youths were anti-Indonesia because of their ignorance.

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Sat, 19 Jul 1997

JP/Kia unveils Recreational vehicle

Kia unveils Recreational vehicle SEOUL: Kia has unveiled its newest recreational vehicle, the KV-II.The KV-II, which oddly stands for Kia's Van for Victory LL, is designed to offer minivan practicality with passenger car comfort.The KV-II cost US$191 million (AUD$258 million) to develop.

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Sat, 19 Jul 1997

JP/Families fetch dead relatives at Halim

Families fetch dead relatives at Halim JAKARTA (JP): A heart-wrenching drama unfolded at Halim Perdana Kusuma Airport yesterday as the families of 20 of the victims of Thursday's airplane crash in Bandung gathered for the arrival of their relatives' coffins.The wife of Capt.

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Sat, 19 Jul 1997

JP/Teater Lembaga wraps a sucessful 'Julius Caesar'

Teater Lembaga wraps a sucessful 'Julius Caesar'By Yenni Kwok JAKARTA (JP): Call this Theater Marketing 101. Sign up the most popular TV actress to play the leading female role. Dress the cast in a flashy wardrobe. Select a scenario spinning around jealousy, betrayal and murder.

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Sat, 19 Jul 1997

JP/After HK handover hype, what about Korean Peninsula?

After HK handover hype, what about Korean Peninsula?By Edward Neilan TOKYO (JP): After the hype and hoopla of the Hong Kong handover and the farcical "G-8" summit in Denver the preceding week, it is prudent to ask in the name of perspective "What about Korea?"Finally there is the announcement ...

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Sat, 19 Jul 1997

JP/Printing error

Printing error One would expect that holidays are intended for relaxation. Well, I too had the "pleasure" of going on vacation recently. But unfortunately it turned out to be a hectic and stressful affair.

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Sat, 19 Jul 1997

JP/PLN secures power supply with new Paiton transformer

PLN secures power supply with new Paiton transformer PAITON, East Java (JP): State-owned electricity company PLN will install a second giant transformer to secure the electricity supply from Paiton power complex into the Java and Bali power grids.

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Sat, 19 Jul 1997

JP/Protests over national car

Protests over national car JAKARTA: About 50 Indonesians protested last week in front of the Japanese Embassy in Jakarta over the country's national car policy.They called on the Japanese Government not to interfere in Indonesia's national car policy.

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Sat, 19 Jul 1997

JP/Added extras of the A-Class

Added extras of the A-Class GERMANY: Now that the A-Class has been revealed to the world, Mercedes-Benz is keen to push the ingenious features of the car.One such device involves the middle-rear headrest, which doubles as a drinks holder.

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Sat, 19 Jul 1997

JP/Telecoms tennis opened

Telecoms tennis opened JAKARTA (JP): The minister of tourism, post and telecommunications, Joop Ave, and the Indonesian Tennis Association's chairman, Sarwono Kusumaatmadja, opened the 1997 Telecommunications Tennis championships at the Senayan tennis complex yesterday.

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Sat, 19 Jul 1997

JP/ASEAN and the Cambodian crisis

ASEAN and the Cambodian crisisBy Rizal Sukma JAKARTA (JP): In a special meeting of Foreign Ministers on July 10 in Kuala Lumpur, ASEAN finally came to the conclusion that the time has not yet come for Cambodia to join ASEAN.

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Sat, 19 Jul 1997

JP/Baby Benz marks a milestone with its new tiny A-Class

Baby Benz marks a milestone with its new tiny A-ClassBy Russell Williamson MERCEDES-BENZ has not merely shifted the goalposts with the launch of its revolutionary A-Class, but removed them altogether.

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Sat, 19 Jul 1997

JP/46 women to compete in Governor's Cup tennis

46 women to compete in Governor's Cup tennis JAKARTA (JP): Forty-six tennis players from 11 countries will compete in the women's international tournament at Kemayoran, Central Jakarta, from July 19 to July 27.The tournament is part of the annual Jakarta Governor's Cup.

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Sat, 19 Jul 1997

JP/Border meeting to be held

Border meeting to be held JAYAPURA, Irian Jaya: The Indonesia-Papua New Guinea border liaison meeting is scheduled to take place in Biak regency here from July 21 to July 24, Antara reported yesterday.The Irian Jaya administration's official in charge of border affairs, F.X.

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Sat, 19 Jul 1997

JP/RI fishermen detained

RI fishermen detained BANDA ACEH, Aceh: Thirteen fishermen missing since early last month are reportedly being detained in the Nicobar Islands for illegally entering Indian waters.Antara quoted Sabang police chief Lt. Col.

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Sat, 19 Jul 1997

JP/A game called raid

A game called raid Overpopulation and urbanization problems continue to be a headache for the Jakarta administration. Today, the city is still looking for an effective and humanistic solution.

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Sat, 19 Jul 1997

JP/Murdoch toys with the boys

Murdoch toys with the boys LOS ANGELES: Media magnate Rupert Murdoch is thinking of investing in Formula 1 -- but not with a race team.Murdoch may take a significant stake in Formula One Holdings -- Bernie Ecclestone's company which runs Grand Prix racing -- when it is floated.

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Sat, 19 Jul 1997

JP/Choreography competition

Choreography competition JAKARTA (JP): Gedung Kesenian Jakarta (GKJ), the Jakarta Performing Arts Theater, will hold a dance choreography competition from Aug. 1 to Aug. 5.

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Sat, 19 Jul 1997

JP/Borrow with caution

Borrow with caution The new loan recently approved by the Consultative Group on Indonesia (CGI) is the 30th since the aid consortium -- formerly known as the Inter-Governmental Group on Indonesia (IGGI) -- began giving out loans to Indonesia.

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Sat, 19 Jul 1997

JP/'Bubbleogist' forms circle of fun

'Bubbleogist' forms circle of funBy Yenni Kwok JAKARTA (JP): The children went ooh and aah as the man in black fascinated them with his bubble mastery.He put bubbles inside bubbles. He pulled out a smaller bubble from a bigger one, without destroying anything.

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Sat, 19 Jul 1997

JP/Power explained for the people

Power explained for the peopleBy Barry Lake TWO of the most often used terms relative to motor cars are two of the most misunderstood: Power and torque.Perhaps some of the confusion comes from common usage of the word power.

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Sat, 19 Jul 1997

JP/On colonialism

On colonialism I would like to comment on Grant Summers' views on colonialism raised in his letter Cricket (July 7). I do not want to become involved in a debate on the sport, but I would like to comment on his views on British colonialism.

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Sat, 19 Jul 1997

JP/ADB chief due here

ADB chief due here JAKARTA (JP): Asian Development Bank (ADB) president Mitsuo Sato will arrive here on Sunday for an official five-day visit.

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Sat, 19 Jul 1997

JP/Two dies in diarrhea outbreak

Two dies in diarrhea outbreak KUPANG, East Nusa Tenggara: An outbreak of diarrhea in Sabu Island has killed two people and affected 53 others, Antara quoted health official Dr. Agus Berek as saying yesterday.The 53 affected residents are in hospital.

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Sat, 19 Jul 1997

JP/Rebel member shot dead in East Timor attack

Rebel member shot dead in East Timor attack DILI, East Timor (JP): About 20 armed men, believed to be Fretilin separatists, attacked the 713th Territorial Battalion's barracks Wednesday in Purugua village, Bobonaro regency, some 80 kilometers west of here.One rebel died in the clash.

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Sat, 19 Jul 1997

JP/Bank Bali's Olympic Visa

Bank Bali's Olympic Visa JAKARTA (JP): Bank Bali in cooperation with Kodak, Coca Cola, Mc Donald's and Awani Dream cruise ship has issued a Bali Visa Nagano credit card in anticipation of next year's winter Olympics in Nagano, Japan.

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Sat, 19 Jul 1997

JP/75 new members of City Council installed

75 new members of City Council installed JAKARTA (JP): Seventy-five new members of the City Council were officially installed in a special plenary session yesterday.All new members were sworn in by chief of the Jakarta High Court, Soegiarto, on behalf of Chief Justice Sarwata.

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Sat, 19 Jul 1997

JP/Defender set to march into town

Defender set to march into townBy John Aglionby LAND ROVER is going to launch its Defender in Indonesia in the first half of next year, according to a source within the automotive industry.

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Sat, 19 Jul 1997

JP/Big bonus for outgoing East Java councilors

Big bonus for outgoing East Java councilors SURABAYA (JP): All 100 East Java provincial councilors ended their five-year term yesterday with lucrative bonuses from the local administration.

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Sat, 19 Jul 1997

JP/Economists credit govt policy for higher foreign aid

Economists credit govt policy for higher foreign aid JAKARTA (JP): Economists said overseas donors' decision to increase aid to Indonesia reflected international confidence in Indonesia's economy.

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Sat, 19 Jul 1997

JP/Arrogant officials in ID operation to be punished

Arrogant officials in ID operation to be punished JAKARTA (JP): The head of the City Population Agency, Soemarto, said yesterday that he would punish his subordinates who were found guilty of asking for people's travel documents during an identification card operation.

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Sat, 19 Jul 1997

JP/Newly-launched Audi A4 not a must-buy car

Newly-launched Audi A4 not a must-buy carBy John Aglionby I was once told by a careers adviser that I should develop a "unique selling point", to make me stand out from the crowd and, therefore, more likely to be snapped up by employers.

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Sat, 19 Jul 1997

JP/Stronger response on Cambodia wanted

Stronger response on Cambodia wanted Australia's reaction to Hun Sen's actions has been weak. Canberra did condemn Hun Sen's violent overthrow of the democratically elected prime minister. But the reaction of some other nations is instructive the U.S.

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Sat, 19 Jul 1997

JP/Radio journalist murdered

Radio journalist murdered JAYAPURA, Irian Jaya: A local journalist for the state radio station RRI, Wempy A. Thessia, was stabbed to death Thursday afternoon at the Entrop bus terminal in South Jayapura.

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Sat, 19 Jul 1997

JP/Police continue search for boat victims

Police continue search for boat victims MEDAN, North Sumatra (JP): Police said yesterday they were continuing to search for victims of the ill-fated Peldatari I boat which sank Sunday in Lake Toba, because many people were still unaccounted for.

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Sat, 19 Jul 1997

JP/'Operation' ID

'Operation' ID I would like to share my opinion concerning the ID card operation conducted in Jakarta a few days ago.

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Sat, 19 Jul 1997

JP/U.S. nuke tests criticized

U.S. nuke tests criticized JAKARTA (JP): The Indonesian government called on the United States yesterday to review its decision to conduct subcritical nuclear weapons tests, saying it contradicts the spirit of the Comprehensive Test Ban Treaty (CTBT).

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Sat, 19 Jul 1997

JP/Youngest province set for investors

Youngest province set for investorsBy Imanuddin DILI, East Timor (JP): Twenty-one years after it was integrated into Indonesia on July 17, 1976, the former Portuguese colony of East Timor can no longer be considered an isolated territory.

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Sat, 19 Jul 1997

JP/Salim's Indofood deal 'indicates its inconsistency'

Salim's Indofood deal 'indicates its inconsistency' JAKARTA (JP): Salim group's plan to sell Indocement Tunggal Prakarsa's 50.1 percent share of Indofood shows inconsistencies in the group's restructuring program, securities analysts said.

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Sat, 19 Jul 1997

JP/Soeharto welcomes US$5.3 billion CGI aid pledge

Soeharto welcomes US$5.3 billion CGI aid pledge JAKARTA (JP): President Soeharto yesterday welcomed the US$5.3 billion aid pledged for this year by donor governments and international lending agencies under the Consultative Group on Indonesia (CGI).

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Sat, 19 Jul 1997

JP/Credit card crimes

Credit card crimes I would like to thank you for your article Credit body seeks firm laws (July 16) which referred to the Indonesian Credit Card Association.

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