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

Thu, 07 Aug 1997

JP/Idle fund managers may lose licenses

Idle fund managers may lose licenses JAKARTA (JP): The Capital Market Supervisory Agency (Bapepam) warned 19 inactive investment management companies yesterday to improve their performance or lose their licenses.

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Thu, 07 Aug 1997

JP/Games organizers told to fix problems

Games organizers told to fix problems JAKARTA (JP): The Ministry of Youth Affairs and Sport has told organizers of the 19th SEA Games to fix their non-technical problems and start promoting the event.

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Thu, 07 Aug 1997

JP/Walhi urges firm action against 'ungreen' officials

Walhi urges firm action against 'ungreen' officials JAKARTA (JP): Indonesian Forum for Environment (Walhi) praised yesterday Governor Surjadi Soedirdja's statement that many officials are easily bribed to allow development in the city's designated green areas.

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Thu, 07 Aug 1997

JP/AMP gains RI contracts

AMP gains RI contracts JAKARTA (JP): The United States telecommunications equipment producer AMP has gained contracts to install a telecommunications network for PT Mitra Global Telekomunikasi Indonesia (MGTI) and ABN-AMRO Bank.

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Thu, 07 Aug 1997

JP/More new bodies?

More new bodies? In the last few days I have got the impression that we are entering a creative period, which is not always a good sign. The problem of fighting corruption crops up and one of the proposals is to create a new body to fight corruption.

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Thu, 07 Aug 1997

JP/Countering allegations of corruption

Countering allegations of corruption The validity of Transparency International's recent report on worldwide corruption deserves to be questioned.The report was well-meaning because it is aimed at curbing corruption in all countries.

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Thu, 07 Aug 1997

JP/Japan foreign policy marred

Japan foreign policy marredBy Edward Neilan TOKYO (JP): Is Japan becoming anxious over the complexities and contradictions of basing its foreign policy on the practice of riding on Uncle Sam's coattails?You bet your life it is.

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Thu, 07 Aug 1997

JP/Where to go in Bandung:

Where to go in Bandung:Music and Entertainment * Holiday Inn, Jl. Ir. H. Juanda 33, Bandung: - Kebun Bambu Restaurant: Guitar performance, Friday and Saturday, 7.45 p.m. to 10.15 p.m. - Braga Bar and Lounge: Jazz live entertainment at 7.30 p.m. to 11.

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Thu, 07 Aug 1997

JP/Aussies only need a draw to win the fifth Test

Aussies only need a draw to win the fifth TestBy Vic Mills NOTTINGHAM, England (JP): With a 2-1 series lead following their convincing victory at Headingley, Australia need just a draw in the fifth Test starting at Trent Bridge tomorrow (BST) to retain the Ashes and extend their eight-year hold ...

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Thu, 07 Aug 1997

JP/Military experts hail govt's choice on Sukhoi

Military experts hail govt's choice on Sukhoi JAKARTA (JP): Military and political analysts hailed yesterday the government's decision to buy Russian-made Sukhoi SU-30K jet fighters, saying the choice would boost Indonesia's international and political clout.

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Thu, 07 Aug 1997

JP/Chandra Asri, BP to build US$75m plant

Chandra Asri, BP to build US$75m plant JAKARTA (JP): British Petroleum (BP) and Chandra Asri, Indonesia's first olefin producer, have agreed to jointly build Southeast Asia's first polybutenes plant in Cilegon, West Java.

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Thu, 07 Aug 1997

JP/Washington lifts ban, revives arms trade

Washington lifts ban, revives arms tradeBy Gwynne Dyer LONDON (JP): They used to be called 'merchants of death', but that's a bit harsh given that 95 percent of the weapons they sell go to the scrapyard without ever being used in anger. Try 'merchants of poverty, tyranny and (occasionally) death'.

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Thu, 07 Aug 1997

JP/Inhutani IV refuses to pay Aceh bill

Inhutani IV refuses to pay Aceh bill JAKARTA (JP): PT Inhutani IV, the state forestry company with large concessions in Sumatra, refused yesterday to pay Rp 3.76 billion ($144 million) demanded by the Aceh provincial administration in local development levies.

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Thu, 07 Aug 1997

JP/Indonesian-made shoes destroyed in Helsinki

Indonesian-made shoes destroyed in Helsinki JAKARTA (JP): Five containers of women's shoes sent from Indonesia to Russia and Poland were destroyed by the Finnish government on charges of copyright violation, an official said yesterday.

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Thu, 07 Aug 1997

JP/Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Painting Exhibition: by Sri Hadhy, Nyoman Darsane, Mas Dibyo and Budiman at Kafe Pinang, Hotel Kristal Jl. Tarogong Raya, Cilandak Barat, South Jakarta, open 24 hours, until Aug. 10. * Painting Exhibition: The 2nd Figuratif, at Andi's Gallery, Jl.

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Thu, 07 Aug 1997

JP/Homeless man indicted for murder

Homeless man indicted for murder JAKARTA (JP): A state prosecutor indicted a homeless man yesterday at the Central Jakarta District Court for a murder in the Pejompongan area, Central Jakarta, last December.

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Thu, 07 Aug 1997

JP/Aneka Tambang floats shares on London exchange

Aneka Tambang floats shares on London exchange JAKARTA (JP): PT Aneka Tambang, a state-owned general mining company, would float its shares on local and overseas stock exchanges later this year, the company's finance director said yesterday.

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Thu, 07 Aug 1997

JP/Golkar considers dismissing Irian Jaya legislators

Golkar considers dismissing Irian Jaya legislators JAKARTA (JP): Golkar's top leaders in Irian Jaya are considering a crackdown on its recalcitrant legislators who failed to vote for the faction's own candidate during last month's council speaker election.

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Thu, 07 Aug 1997

JP/Sports council calls for more SEA Games sponsors

Sports council calls for more SEA Games sponsors JAKARTA (JP): The National Sports Council is trying to attract more sponsorship for the 19th SEA Games to be held here in October.

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Thu, 07 Aug 1997

JP/Gandhi elementary school

Gandhi elementary school Sometime in February 1992, we, the lecturers and our colleagues at the University of Indonesia, purchased plots of land in Sunter Agung Podomoro. To be precise, the land was located on Jalan Bisma near the Pappango village administration office.

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Thu, 07 Aug 1997

JP/Dutch writer honored in Bali

Dutch writer honored in Bali DENPASAR, Bali: Hedwig Ingrid Rignodis Hinzler, a scholar from Holland, has been nominated for an award by the Bali provincial government for her role in preserving local art and culture through her writings, Antara reported yesterday.

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Thu, 07 Aug 1997

JP/Toyota sales up 9.6%

Toyota sales up 9.6% JAKARTA (JP): The car manufacturer PT Toyota Astra Motor (TAM), a joint venture between Indonesia's PT Astra International and Japan's Toyota Motor, said it sold 10,292 passenger and commercial vehicles in July 1997 compared to 5,996 units in July 1996.

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Thu, 07 Aug 1997

JP/Indosat market share to decline this year

Indosat market share to decline this year JAKARTA (JP): The state-owned PT Indosat, the international communications provider, will see its market share of 91.2 percent last year decline to 86 percent this year.

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Thu, 07 Aug 1997

JP/Local, foreign artists show wares in Performance Arts Market

Local, foreign artists show wares in Performance Arts MarketBy Yenni Kwok JAKARTA (JP): A single day or just one performance would probably not do justice to Teater Koma's colorful 20-year history.

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Thu, 07 Aug 1997

JP/Church refuses MPR inclusion

Church refuses MPR inclusion JAYAPURA, Irian Jaya: A local Christian church has refused to send nominees for the election of Irian Jaya representatives at the People's Consultative Assembly (MPR), Antara reported yesterday.The head of the Irian Jaya Biblical Christian Synod, Rev.

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Thu, 07 Aug 1997

JP/PPP upset over Golkar promotion

PPP upset over Golkar promotion SEMARANG (JP): The United Development Party's (PPP) Central Java branch upped the ante in the controversy over the promotion of Golkar district chiefs, as it hinted that it may in turn reward city mayors who helped PPP win in the May election.

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Thu, 07 Aug 1997

JP/Citra Pacific builds petrochemical plant

Citra Pacific builds petrochemical plantJP/alx JAKARTA (JP): Citra Pacific Aromatics Indonesia shareholders formally signed yesterday articles of association for the establishment of the company, which will build and operate a petrochemical plant in Cilegon, West Java.

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Thu, 07 Aug 1997

JP/Soeharto launches Kiani Kertas pulp mill

Soeharto launches Kiani Kertas pulp mill JAKARTA (JP): President Soeharto yesterday inaugurated PT Kiani Kertas' US$1.3 billion pulp plant in Berau regency, East Kalimantan, praising it as an environmentally sustainable industry.

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Thu, 07 Aug 1997

JP/25 burglars attack third Catholic school

25 burglars attack third Catholic school JAKARTA (JP): At least 25 people broke into Charitas School in South Jakarta yesterday, the third such school burglary in the last seven days.City Police Spokesman Lt. Col. E. Aritonang said the crooks forced their way into the school complex on Jl.

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Thu, 07 Aug 1997

JP/7,000 smartcard phones installed

7,000 smartcard phones installed JAKARTA (JP): In cooperation with private firms, the state- owned PT Telkom has installed 7,000 public telephones using the smartcard technology which will replace the aging magnetic system.A PT Telekomindo executive, K.S.

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Thu, 07 Aug 1997

JP/Smoke returns to Pekanbaru

Smoke returns to Pekanbaru PEKANBARU, Riau: Simpang Tiga International Airport was closed yesterday as thick smoke, believed to be from nearby forest fires, returned, Antara reported.

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Thu, 07 Aug 1997

JP/Israel undermines Oslo peace accords

Israel undermines Oslo peace accords Fierce fighting in south Lebanon shows just how far the fragile Middle East peace process has moved towards collapse since last year's election of Prime Minister Benjamin Netanyahu. Israeli commandos have recently made their deepest incursion for eight years.

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Thu, 07 Aug 1997

JP/TV today

TV todayTVRI 2:00 p.m. News: Berita Untuk Anda 2:30 Travel: My Country 2:35 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: Wisata ...

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Thu, 07 Aug 1997

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on August 6, 1997: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo ...

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Thu, 07 Aug 1997

JP/40 questioned over attack on Pelabuhan Ratu police office

40 questioned over attack on Pelabuhan Ratu police office JAKARTA (JP): Forty people were being questioned yesterday in connection with Monday's attack on the Pelabuhan Ratu police station in Sukabumi regency, West Java Police Chief Maj. Gen. Nana Permana said.

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Thu, 07 Aug 1997

JP/Purge levies, let small-scale enterpreneurs flourish

Purge levies, let small-scale enterpreneurs flourishBy Vanessa Johanson BANDUNG (JP): Indonesia's struggling, small-scale entrepreneurs are obliged to pay out a large slice of their annual profits on legal and illegal levies.

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Thu, 07 Aug 1997

JP/Sutiyoso nominated by all three parties

Sutiyoso nominated by all three parties JAKARTA (JP): Jakarta Military Commander Maj. Gen. Sutiyoso has been nominated by the three political parties' City Council factions to be Jakarta's governor from 1997 to 2002.

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Thu, 07 Aug 1997

JP/Local 'Cosmopolitan' to appear soon

Local 'Cosmopolitan' to appear soon JAKARTA (JP): World renowned women's magazine Cosmopolitan is to launch its Indonesian version this month in cooperation with Higina, a defunct local health magazine.

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Thu, 07 Aug 1997

JP/RI to host Women's Grand Masters meet

RI to host Women's Grand Masters meet JAKARTA (JP): Indonesia will host the international Women's Grand Masters chess tournament for the first time here next week.

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Thu, 07 Aug 1997

JP/English lessons for officials

English lessons for officials PANDEGLANG, W. Java: English classes are now being given to third and fourth echelon officials of the Pandeglang regency, Antara reported yesterday.

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Thu, 07 Aug 1997

JP/Hartono says he has no political motives in ICMI

Hartono says he has no political motives in ICMI JAKARTA (JP): Minister of Information Hartono said yesterday he had no political motives in joining the Association of Indonesian Moslem Intellectuals (ICMI).

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Thu, 07 Aug 1997

JP/Bumi Modern suffers Rp 14 billion losses

Bumi Modern suffers Rp 14 billion losses JAKARTA (JP): Publicly listed PT Bumi Modern, which operates and manages the five-star Hyatt Regency hotel in Surabaya, East Java announced a net loss of Rp 14 billion (US$5.6 million) in the first semester of this year.

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Thu, 07 Aug 1997

JP/A Russian alternative

A Russian alternative Tuesday's announcement that Indonesia intends to buy 12 Sukhoi-30K jet fighters and eight MI-17-IV helicopters from Russia seems to have put an end to weeks of speculation.

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Thu, 07 Aug 1997

JP/Reporters offered shooting course

Reporters offered shooting course JAKARTA (JP): The National Police are offering a crash course on shooting for journalists, Antara reported yesterday.The offer, however, has nothing to do with the increase in attacks on reporters in recent years.

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Thu, 07 Aug 1997

JP/Exhibition on vocational training

Exhibition on vocational training JAKARTA (JP): An exhibition opens today highlighting the benefits of vocational training programs to both the education and business worlds.

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Thu, 07 Aug 1997

JP/Maternal death a concern: Mien

Maternal death a concern: Mien JAKARTA (JP): Many pregnant mothers die because their husbands do not give them enough love and affection, State Minister of Women's Roles Mien Sugandhi said yesterday.

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Thu, 07 Aug 1997

JP/Rights commission to question govt on July 27 riots

Rights commission to question govt on July 27 riots JAKARTA (JP): The National Commission on Human Rights plans to question the government about the July 27 riots which occurred in Jakarta last year, following official statements that proclaimed the case was closed.

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Thu, 07 Aug 1997

JP/Tosari denies charges of insulting Supreme Court

Tosari denies charges of insulting Supreme Court JAKARTA (JP): The secretary-general of the United Development Party (PPP), Tosari Widjaya, shrugged off allegations yesterday that he insulted the Supreme Court through a statement he made in a magazine.

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Thu, 07 Aug 1997

JP/Colonial architecture for new Menteng hotel

Colonial architecture for new Menteng hotel JAKARTA (JP): A new three-star hotel in the elite Menteng residential district in Central Jakarta is to be built to resemble a house from colonial times.The project, on a 2,553-square-meter plot on Jl.

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