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

Wed, 21 Oct 1998

JP/Four developers in arrears

Four developers in arrears TANGERANG (JP): Two major real estate developers and two golf course developers here have not yet paid their 1997 land and building tax, which reached a total of Rp 1.8 billion, an official said Tuesday.

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Wed, 21 Oct 1998

JP/Indorayon strikers return to work

Indorayon strikers return to work MEDAN, North Sumatra (JP): Thousands of employees of PT Inti Indorayon Utama began to return to the plant in Porsea in North Tapanuli on Tuesday after a five-day sit-in at the governor's office here.

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Wed, 21 Oct 1998

JP/On Sun Tsu

On Sun Tsu I am writing in response to Mr. Sumarsono Sastrowardoyo's letter in your paper on Oct. 17 on "Sun Tsu's Art of War".I read this letter with much surprise as he, in his letter of Oct.

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Wed, 21 Oct 1998

JP/Gus Dur treated at RSCM

Gus Dur treated at RSCM JAKARTA (JP): Leader of the country's largest Moslem organization Nahdatul Ulama, Abdurrahman Wahid, has been hospitalized since Saturday in Jakarta."My father was brought to hospital on Saturday after meeting some guests.

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Wed, 21 Oct 1998

JP/Badminton star Sigit denies doping charge

Badminton star Sigit denies doping charge JAKARTA (JP): A cloud of suspicion hangs over the struggling Indonesian badminton camp following a press report that world men's doubles champion Sigit Budiarto failed a drug test conducted by the National Sports Council.

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Wed, 21 Oct 1998

JP/Freeport vs. people

Freeport vs. people If what The Jakarta Post has been reporting lately concerning the 1991 shares transactions which involve PT Freeport Indonesia, Indocopper Investment Corporation and PT Nusamba is true, there is certainly much presented that would lead most analytical minds to suspect that the ...

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Wed, 21 Oct 1998

JP/Directory

DirectoryCorrection: The Capital Market Directory 1998 mentioned in the photo caption on this page on Tuesday is published annually by the Institute for Economic and Financial Research (ECFIN) and not by the Jakarta Stock Exchange.We regret the error.

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Wed, 21 Oct 1998

JP/Indorayon allowed to reopen pulp, rayon mills

Indorayon allowed to reopen pulp, rayon mills JAKARTA (JP): The government has allowed publicly-listed rayon and pulp producer PT Inti Indorayon Utama to reopen its pulp and rayon mills in North Sumatra, which have been shut down for almost four months due to security disturbances by ...

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Wed, 21 Oct 1998

JP/Corruption fears slow down aid for the poor

Corruption fears slow down aid for the poor JAKARTA (JP): Worries over leakages and corruption have slowed down the government's social safety net spending for the poor, creating a surprising cash surplus in the state budget during the first five months of the current fiscal year, according to ...

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Wed, 21 Oct 1998

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 20, 1998: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 275 0 ...

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Wed, 21 Oct 1998

JP/Journalists in East Java receive death threats

Journalists in East Java receive death threats SURABAYA (JP): Following threats made to Moslem preachers by unidentified people here, journalists have been warned that they will be among the next victims in the killing spree which has so far claimed more than 150 lives in East Java.

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Wed, 21 Oct 1998

JP/Reform team criticized for lack of achievement

Reform team criticized for lack of achievement JAKARTA (JP): A councilor has criticized the reform team set up by Governor Sutiyoso to rid the city administration of corruption, collusion and nepotism for its resounding lack of achievement.

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Wed, 21 Oct 1998

JP/Govt updating method for rice data collection

Govt updating method for rice data collection JAKARTA (JP): The Ministry of Agriculture and the Central Bureau of Statistics (BPS) are preparing new methodology to provide more accurate statistical data on the country's rice production.

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Wed, 21 Oct 1998

JP/Habibie appoints 15 new ambassadors

Habibie appoints 15 new ambassadors JAKARTA (JP): President B.J. Habibie swore in 15 ambassadors on Tuesday, including two senior diplomats and former Air Force chief Marshall (ret) Rilo Pambudi.

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Wed, 21 Oct 1998

JP/Conversion Rates

Conversion Rates JAKARTA (JP): Bank Bali's conversion rates on Oct. 20, 1998: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

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Wed, 21 Oct 1998

JP/Rights on freedom of expression to get guarantee

Rights on freedom of expression to get guarantee JAKARTA (JP): The House of Representatives (DPR) will on Thursday pass the freedom of expression bill, turning it into a new law which is expected to fully guarantee the right to express aspirations and opinions in public places.

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Wed, 21 Oct 1998

JP/Joint fact-finding team warned 'not to hold anything back'

Joint fact-finding team warned 'not to hold anything back' JAKARTA (JP): A human rights activist has exhorted the government-sponsored joint fact-finding team probing the May riots not to hold anything back when it announces its findings on Friday.

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Wed, 21 Oct 1998

JP/Communist threat is scapegoat politics: Survey

Communist threat is scapegoat politics: Survey JAKARTA (JP): Few people in this country buy the Armed Forces' (ABRI) warning of a possible communist comeback, believing that the Indonesian Communist Party (PKI), outlawed since 1966, has been used as a convenient scapegoat when no other answers ...

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Wed, 21 Oct 1998

JP/Airfares may not go up if rupiah remains strong

Airfares may not go up if rupiah remains strong JAKARTA (JP): The Association of Indonesian Airlines (INACA) said on Wednesday it would cancel its plan to raise domestic airfares by 14.5 percent in December if the rupiah continued to strengthen against the U.S. dollar in the coming months.

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Wed, 21 Oct 1998

JP/Can the burgeoning TV viewer polls really be trusted?

Can the burgeoning TV viewer polls really be trusted?By Antariksawan Jusuf JAKARTA (JP): Gone are the days when Indonesian television viewers passively sat on the couch watching every program unilaterally broadcast into their homes by each station.

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Wed, 21 Oct 1998

JP/Priest Y.B. Mangunwijaya joins farmers' protest

Priest Y.B. Mangunwijaya joins farmers' protest YOGYAKARTA (JP): Renowned writer and priest Y.B. Mangunwijaya joined hundreds of farmers and students from Gadjah Mada University here on Tuesday in a demonstration against perceived unnecessary intervention in farmers' lives.

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Wed, 21 Oct 1998

JP/Bank restructuring policy to focus on four measures

Bank restructuring policy to focus on four measures JAKARTA (JP): The government has announced that the bank restructuring strategy in the coming months will focus on four measures -- recapitalization, liquidation of insolvent banks, merger of state banks and recovering liquidity support.

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Wed, 21 Oct 1998

JP/New exchange awaits decree

New exchange awaits decree JAKARTA (JP): The operation of the country's commodities futures exchange now awaits a presidential decree, expected to be issued by the end of this year, a senior official said Tuesday.

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Wed, 21 Oct 1998

JP/Telkom rings wrong number with kiosks

Telkom rings wrong number with kiosks BOGOR (JP): Operators of the 253 telecommunications kiosks here have complained of carelessness by PT Telkom in issuing new licenses without first considering interests of existing businesses.

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Wed, 21 Oct 1998

JP/The Kosovo agreement

The Kosovo agreement The tense atmosphere, akin to that on the eve of war, dispersed with a glimmer of hope. The North Atlantic Treaty Organization approved air strikes as an ultimatum to Yugoslavia. But the worst scenario now seems to have been averted.

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Wed, 21 Oct 1998

JP/More autonomy 'key to keeping nation united'

More autonomy 'key to keeping nation united' JAKARTA (JP): Scholars provided on Tuesday different explanations about what constitutes the threat of national disintegration, but agreed that more autonomy for regions would be among the best measures to keep the nation unified.

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Wed, 21 Oct 1998

JP/A.M. Saefuddin apologizes over statement on Megawati

A.M. Saefuddin apologizes over statement on Megawati JAKARTA (JP): State Minister of Food and Horticulture A.M. Saefuddin apologized on Tuesday for his remark last week which some people said insulted Hindu and Balinese people, saying he had not intended to humiliate anyone.

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Wed, 21 Oct 1998

JP/Discrimination

Discrimination On Oct. 16, my friend and I took an old friend for a drink. She was visiting Jakarta on family business. We preferred to go to a hotel, feeling it would be a safe place to go. So we decided to go to the bar at the Shangri-La Hotel. But two security guards stopped us.

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Wed, 21 Oct 1998

JP/Call to alter Freeport contract 'unrealistic'

Call to alter Freeport contract 'unrealistic' JAKARTA (JP): Analysts said on Tuesday that the House of Representatives' call for a review of giant copper and gold mining company PT Freeport Indonesia's contract of work (COW) was unrealistic.

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Wed, 21 Oct 1998

JP/Golkar introduces its new outlook

Golkar introduces its new outlook JAKARTA (JP): President B.J. Habibie was conspicuously absent from Golkar's 34th anniversary reception on Tuesday, where chairman Akbar Tandjung and leaders of the dominant political grouping ignored public calls to apologize for past political mistakes.

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Wed, 21 Oct 1998

JP/Megawati faces huge challenges

Megawati faces huge challengesBy Aleksius Jemadu BANDUNG (JP): As a political reformist and candidate for national leader, Megawati Soekarnoputri has some advantages that others are lacking.

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Wed, 21 Oct 1998

JP/Soeharto sons' Bali businesses probed

Soeharto sons' Bali businesses probed DENPASAR, Bali (JP): The family of former president Soeharto owns hundreds of hectares of land in Bali and also controls companies mainly involved in the tourism sector, an official at Bali's prosecutor office said last week.

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Wed, 21 Oct 1998

JP/Japanese businessmen here to seek out local products

Japanese businessmen here to seek out local productsJP/afs JAKARTA (JP): A delegation of 20 Japanese manufacturers, wholesalers, retailers and importers started a three-day mission here on Tuesday to import more Indonesian products.

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Wed, 21 Oct 1998

JP/Turning personal cult mood into democracy

Turning personal cult mood into democracyBy Mochtar Buchori DENPASAR (JP); Why have people joined Megawati's faction of the Indonesian Democratic Party (PDI Perjuangan)? Is it because they worship Megawati, or because they are committed to democracy? Isn't it dangerous if people join PDI ...

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Wed, 21 Oct 1998

JP/Crisis means tight competition for rice scavengers

Crisis means tight competition for rice scavengersBy Agus Martono PURWOKERTO, Banyumas (JP): Sweat pours down the wrinkled face of the 72-year-old Wasem. Despite the heat of the noonday sun on the paddy field, she persists in sorting the leftover dried rice stalks from a recent harvest.

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Wed, 21 Oct 1998

JP/IPTN workers go on strike

IPTN workers go on strike BANDUNG, West Java (JP): Hundreds of employees of aircraft manufacturer PT Industri Pesawat Terbang Nusantara (IPTN) staged a strike on Tuesday following what they said was the delayed payment of their pension savings.

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Wed, 21 Oct 1998

JP/The Jakarta Post survey

The Jakarta Post survey The Jakarta Post is launching a new regular column called The Nation's Pulse on the results of surveys on contentious issues. The opinion polls, jointly commissioned by the Post and its sister publication D&R news magazine, are conducted by the Resource Productivity Center.

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Wed, 21 Oct 1998

JP/Foreign banks loaned over Rp 72t to listed firms

Foreign banks loaned over Rp 72t to listed firms JAKARTA (JP): Foreign bank finance channeled into the country's publicly listed companies totaled more than Rp 72 trillion, including US$15.

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Wed, 21 Oct 1998

JP/Governor being deprived of malfeasance reports

Governor being deprived of malfeasance reports JAKARTA (JP): Governor Sutiyoso regretted on Monday the reluctance of many of his subordinates to report malfeasance cases in their offices to him.

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Wed, 21 Oct 1998

JP/CIDES laments revival of sectarian politics

CIDES laments revival of sectarian politics JAKARTA (JP): Scholars from the Center for Information and Development Studies (CIDES) regretted what they believed was a reemergence of sectarian politics, as evident in the burgeoning of religious-based parties, because very often their mode of power ...

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Wed, 21 Oct 1998

JP/Governor Sutiyoso leaves for Europe

Governor Sutiyoso leaves for Europe JAKARTA (JP): Governor Sutiyoso left Jakarta on Monday night for Turkey and Europe in a bid to strengthen the sister city cooperation program with Jakarta, city administration's spokesman Kamaludin Santos said on Tuesday.

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Wed, 21 Oct 1998

JP/Rupiah and local stocks inch higher

Rupiah and local stocks inch higher JAKARTA (JP): The rupiah escaped the fallout from the sliding yen and managed to inch higher on Tuesday as stock prices rebounded slightly, currency dealers and stockbrokers said.

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Wed, 21 Oct 1998

JP/TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:30 Music 2:35 Children's Film: Thunder Cats 3:05 TV Series: Daktari 4:00 Regional News 4:30 Teen Program: Remaja Indonesia 5:00 TV Drama: Liga Pelajar 5:30 Education Quiz: Cepat Tepat 6:00 News: Lintasan Berita 6:05 Documentary: Rona ...

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Wed, 21 Oct 1998

JP/Driver sent to jail for stealing garments

Driver sent to jail for stealing garments JAKARTA (JP): A container truck driver was sentenced by North Jakarta District Court on Tuesday to three years in jail for stealing and selling garments worth Rp 700 million (US$87,500).

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Wed, 21 Oct 1998

JP/Marijuana dealer gets four years

Marijuana dealer gets four years JAKARTA (JP): The North Jakarta District Court sentenced a 33- year-old man to four years in jail on Tuesday for selling two kilograms of dried marijuana.

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