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

Mon, 19 Jan 1998

JP/Back to business

Back to business During the past two years, it would have been better to throw some brains at our problems rather than wads of money.

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Mon, 19 Jan 1998

JP/Some expats cry foul over loss of their jobs

Some expats cry foul over loss of their jobsBy Eileen McBride JAKARTA (JP): Mark Jones returned from his Christmas vacation two weeks ago to find he had no car.A director of an international fast food company, he arrived in Jakarta a year ago on a two-year contract with the local company.

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Mon, 19 Jan 1998

JP/SilkAir crash victims to be buried today

SilkAir crash victims to be buried today JAKARTA (JP): The remains of 101 victims of the SilkAir Boeing 737-300 which plunged into the Musi River, South Sumatra, last month will be given a mass burial in the provincial capital of Palembang today.The commander of the Palembang Air Force Base, Lt.

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Mon, 19 Jan 1998

JP/Columbus' legacy to Pope and Castro

Columbus' legacy to Pope and CastroBy Jonathan Power CANARY ISLANDS, Spain (JP): A circle is closed this week when the long awaited trip of the Pope to Castro's Cuba finally takes place.

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Mon, 19 Jan 1998

JP/Hartono sets pace in race for VP: Analyst

Hartono sets pace in race for VP: Analyst JAKARTA (JP): With incumbent President Soeharto looking set to stay in power, Minister of Information R. Hartono has the greatest chance to fill the vice presidential seat, a political analyst believes.

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Mon, 19 Jan 1998

JP/Different attitudes about crisis

Different attitudes about crisis Lately I have been asking people from various backgrounds what they thought and felt about the current situation. Here are some of the results.A director of a state-owned enterprise had this to say: "Our nation is really facing a difficult time and so is my family.

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Mon, 19 Jan 1998

JP/U.S. gives seeds to Irian Jaya

U.S. gives seeds to Irian Jaya WAMENA, Irian Jaya: The United States has donated 76,203 tons of crop seeds to the drought-hit regency of Jayawijaya in Irian Jaya.

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Mon, 19 Jan 1998

JP/Pertamina denies fuel import snags

Pertamina denies fuel import snags JAKARTA (JP): State-owned oil and gas company Pertamina has denied it is facing cash-flow problems to import fuel amid the sharp depreciation of the rupiah against the U.S. dollar."There is no such cash-flow problem.

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Mon, 19 Jan 1998

JP/Entering the free trade era

Entering the free trade era Indonesians, as members of a pluralistic society, may or may not agree with the International Monetary Fund's reform package.

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Mon, 19 Jan 1998

JP/Ginandjar Kartasasmita cautious on VP nomination

Ginandjar Kartasasmita cautious on VP nomination JAKARTA (JP): State Minister for National Development Planning Ginandjar Kartasasmita has given a cautious response to calls for him to be put forward as a vice presidential candidate by SOKSI, a labor organization affiliated to the dominant Golkar.

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Mon, 19 Jan 1998

JP/Newsprint price shrinks daily

Newsprint price shrinks daily DILI, East Timor: The monetary crisis and the resulting soaring price of newsprint has forced the local Suara Timor Timur daily to suspend publication temporarily.The daily will not appear from Jan. 27 until Feb.

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Mon, 19 Jan 1998

JP/Govt denies IMF dictated reform package content

Govt denies IMF dictated reform package content JAKARTA (JP): The government has denied accusations that it allowed the International Monetary Fund (IMF) to dictate the content of last week's economic reforms in return for the US$43 billion international rescue package.

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Mon, 19 Jan 1998

JP/Poultry ban for 6 months

Poultry ban for 6 months JAKARTA (JP): The ministry of agriculture said here Saturday that a ban on poultry imports, particularly from Hong Kong and mainland China, introduced on Jan. 1 would continue for six months.Head of the ministry's public relations department Darman B.

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Mon, 19 Jan 1998

JP/Jakarta 'to be raided' by vagrants, beggars

Jakarta 'to be raided' by vagrants, beggars JAKARTA (JP): The capital city will likely be "raided" by thousands of vagrants and beggars during the Idul Fitri festive season, an official said over the weekend.

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Mon, 19 Jan 1998

JP/Medco Energi basks in optimism despite crisis

Medco Energi basks in optimism despite crisisBy Johannes Simbolon JAKARTA (JP): The country's biggest private oil and gas company, Medco Energi Corporation, is optimistic about 1998 after making some impressive achievements last year amid the monetary crisis.

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Mon, 19 Jan 1998

JP/TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 Cartoon Film: The Big Valley 3:10 TV Drama: Saat-Saat Bersama 3:35 Religious Teachings: Buddha 4:00 Regional News 4:30 Creative Program: Karya Tepat Guna 5:00 Indonesian Lessons 5:25 Variety Show 5:30 TV Drama: Sebagai ...

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Mon, 19 Jan 1998

JP/GRORTT seeks UN mediation

GRORTT seeks UN mediation MAUMERE, East Nusa Tenggara: A newly formed group calling itself the Movement for East Timorese Unity and Reconciliation (GRORTT) has sent a letter to the United Nations demanding an independent team be sent to judge whether it is "antiintegration" as local officials ...

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Mon, 19 Jan 1998

JP/Merpati hopes to earn Rp 40.5b profit in 1998

Merpati hopes to earn Rp 40.5b profit in 1998 JAKARTA (JP): State-owned air carrier Merpati Nusantara Airlines, which has suffered financial problems for several years, expects to post a Rp 40.5 billion (US$5.1 million) profit this year.

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Mon, 19 Jan 1998

JP/Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Photo Exhibition: 100 old photos from Indonesia and Singapore, at Galeri TC (Twilight Cafe), Jl. Kemang Raya No.24A South Jakarta, Sunday to Thursday, 11:30 a.m. to 12 p.m., Friday to Saturday 11:30 a.m. to 2 a.m., until Jan. 29.

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Mon, 19 Jan 1998

JP/Extorters of ATM users arrested

Extorters of ATM users arrested JAKARTA (JP): The South Jakarta police have busted three members of a gang thought to have waged a year-long campaign against automatic teller machine (ATM) users.

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Mon, 19 Jan 1998

JP/Administration prepared for Idul Fitry exodus

Administration prepared for Idul Fitry exodus JAKARTA (JP): The City Land Transportation Agency is organizing 13,685 personnel to ensure safe passage for Jakartans in the massive exodus to hometowns for the Idul Fitri holidays.

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Mon, 19 Jan 1998

JP/Ulemas pray for Soeharto

Ulemas pray for Soeharto JAKARTA (JP): Some 200 ulemas of the influential Nahdlatul Ulama (NU) organization gathered here Saturday to pray for President Soeharto's health and reelection in March.

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Mon, 19 Jan 1998

JP/CMNP put on rating alert

CMNP put on rating alert JAKARTA (JP): The country's only rating agency, PT Pemeringkat Efek Indonesia (Pefindo), said Saturday it had put PT Citra Marga Nusaphala Persada's (CMNP) Rp 275 billion bonds and Rp 100 billion commercial paper on rating alert.

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Mon, 19 Jan 1998

JP/Alleged drug vendors arrested

Alleged drug vendors arrested JAKARTA (JP): Police have apprehended two alleged major Ecstasy dealers in separate raids in North and West Jakarta.City Police spokesman Lt. Col. E. Aritonang yesterday that the first one, Sutsan, 29, is thought to be one of the city's main Ecstasy distributors.

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Mon, 19 Jan 1998

JP/Five private banks to merge

Five private banks to merge JAKARTA (JP): Five private banks are to be merged as soon as government and shareholder permission has been obtained, the president director of PT Bank Internasional Indonesia (BII) announced last night.

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Mon, 19 Jan 1998

JP/Soeharto's reforms

Soeharto's reforms The most outstanding feature of last week's economic reform package was not the content -- however drastic or sweeping it was -- but the way it was announced.

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Mon, 19 Jan 1998

JP/'Tiger economies' in a quandary

'Tiger economies' in a quandary The debate over the relative merits of democracy and development -- whether the two are mutually exclusive for a Third World nation -- seems to have ended abruptly.

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Mon, 19 Jan 1998

JP/Govt weighs options for cutting fuel subsidy

Govt weighs options for cutting fuel subsidy JAKARTA (JP): The Ministry of Mines and Energy has prepared several alternative schemes for President Soeharto to choose in reducing the subsidy on domestic fuel sales, its secretary- general has said.

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Mon, 19 Jan 1998

JP/Reform may discourage newcomers in car industry

Reform may discourage newcomers in car industry JAKARTA (JP): The government's plan to remove tax incentives for locally made cars as part of its economic reform will discourage newcomers in the country's automotive industry, a car analyst has said.

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Mon, 19 Jan 1998

JP/Indonesia must heed global market wishes, says Emil

Indonesia must heed global market wishes, says Emil JAKARTA (JP): Indonesia has to keep up with what the global market expects from the country if it wants to get global investors' support for its economic reforms, a senior economist and former cabinet minister has said.

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Mon, 19 Jan 1998

JP/RI needs deposit insurance system

RI needs deposit insurance systemBy Sumitro The government has pledged not to liquidate any more banks and when announcing the new economic measure last Thursday President Soeharto said that the government will set up a deposit insurance scheme if necessary.

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Mon, 19 Jan 1998

JP/Mystery boats fish in Sulawesi

Mystery boats fish in Sulawesi KENDARI, Southeast Sulawesi: Local fishermen have complained that large, illegal trawling nets are being used by many "mysterious" fishing boats in the province's waters, Antara reported Friday.

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Mon, 19 Jan 1998

JP/New Pentium MMX processors and economic printing mode

New Pentium MMX processors and economic printing modeBy Zatni Arbi JAKARTA (JP): Unwittingly, I left you with yet another puzzle last week.

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Mon, 19 Jan 1998

JP/JSX stock trading may keep lethargic

JSX stock trading may keep lethargic JAKARTA (JP): Trading on the Jakarta Stock Exchange (JSX) is expected to stay in a slumber this week as investors continue to take a wait-and-see attitude.

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Mon, 19 Jan 1998

JP/Police officers to learn in Berlin

Police officers to learn in Berlin JAKARTA (JP): Indonesia is to send 10 middle-ranking police officers on a detective and riot-control course held by the Germany police in Berlin later this year.National Police spokesman Brig. Gen.

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Mon, 19 Jan 1998

JP/Reform measures need to address main problem

Reform measures need to address main problem The government last Thursday announced its second massive reform measures recommended by the International Monetary Fund (IMF).

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Mon, 19 Jan 1998

JP/Workers' wage payments 'need supervision'

Workers' wage payments 'need supervision' JAKARTA (JP): City councilors have urged the municipality to prevent chaos by tightly controlling and supervising wage payments to laborers involved in the city's labor-intensive program.

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Mon, 19 Jan 1998

JP/IPTN will survive state funding cuts

IPTN will survive state funding cuts JAKARTA (JP): State aircraft manufacturer PT IPTN says it will survive a government decision to cut its funding as part of an economic reform package.PT IPTN President B.J.

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Mon, 19 Jan 1998

JP/People snap up cloth for Idul Fitri

People snap up cloth for Idul Fitri JAKARTA (JP): In the midst of the country's economic woes due to the weakened local currency, many Jakartans were still flocking to stores over the weekend to buy up new cloth for Idul Fitri which is two weeks away.

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Mon, 19 Jan 1998

JP/Government urged to rescue ailing property sector

Government urged to rescue ailing property sector JAKARTA (JP): The government must take concrete action to restore the country's ailing property sector, an analyst has said.

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Mon, 19 Jan 1998

JP/Expert wants environment atop development agenda

Expert wants environment atop development agendaBy Joko Sarwono BOGOR, West Java (JP): "Get rich dirty, clean up later" was a development paradigm once employed by the United States, some European countries and Japan.

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Mon, 19 Jan 1998

JP/U.S. trade, investment mission comes to Jakarta

U.S. trade, investment mission comes to Jakarta JAKARTA (JP): A delegation of American companies arrived here yesterday for a three-day mission to help build confidence in Indonesia's battered economy.The mission, organized by the U.S.

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Mon, 19 Jan 1998

JP/Ramadhan time for Jakarta

Ramadhan time for JakartaMondayMaghrib 6:18 p.m.TuesdayImsak 4:20 a.m.Subuh 4:30 a.m.

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