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

Fri, 20 Nov 1998

JP/Why? No joke!

Why? No joke! I am just commenting on Mr. Farid Baskoro's criticism over two recent The Jakarta Post's front pages following Black Friday.While it is absolutely Mr.

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Fri, 20 Nov 1998

JP/Buyers turn to other states due to business uncertainty

Buyers turn to other states due to business uncertainty JAKARTA (JP): Many buyers of Indonesian textiles and shoe products have switched their orders to other Asian countries due to growing business uncertainty in the country, according to local industry representatives.

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Fri, 20 Nov 1998

JP/On ethnic statistics

On ethnic statistics This is to comment on Mr. Masli Arman's letter to your paper on Nov. 16 titled "Ethnic statistics".So far, everybody including sociologists and academics can only speculate on the numbers and percentage which until now are shrouded in mist.

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Fri, 20 Nov 1998

JP/Lee comes out in support of dual function

Lee comes out in support of dual function SINGAPORE (AFP): Indonesia needs to elect a new government to pursue reforms, but risks chaos if the Army is forced back to the barracks soon, Singaporean statesman Lee Kuan Yew said in remarks published Thursday.

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Fri, 20 Nov 1998

JP/New estimate for Sumatran tigers

New estimate for Sumatran tigers BANDARLAMPUNG, Lampung: A research team from the Sumatran Tiger Project has increased the previous estimate of the number of tigers inhabiting a section of the Way Kambas National Park in central Lampung by 80 percent, Antara reported on Thursday.

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Fri, 20 Nov 1998

JP/Metal bullets found in most victims of Friday's shooting

Metal bullets found in most victims of Friday's shooting JAKARTA (JP): Fragments of metal bullets have been found inside most of the bodies of the victims of the bloody Black Friday shooting at the Semanggi cloverleaf here last week, a senior forensic expert said on Thursday.

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Fri, 20 Nov 1998

JP/Schools still shut after brawls

Schools still shut after brawls KUPANG, East Nusa Tenggara: Two weeks after 26 people died in brawls between the residents of two villages, shops, offices and schools in Waikabubak, West Sumba, on the island of Sumba have yet to reopen, Antara reported on Thursday.

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Fri, 20 Nov 1998

JP/Two officers fall victim to hit-and-run accident

Two officers fall victim to hit-and-run accident JAKARTA (JP): Two police sergeants were severely injured in a hit-and-run traffic accident on Wednesday when they were safeguarding a student street rally on Cawang interchange in East Jakarta, an officer said on Thursday.Maj. I.

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Fri, 20 Nov 1998

JP/Former KONI executive Soeweno dies

Former KONI executive Soeweno dies JAKARTA (JP): Former executive chairman of the National Sports Council, Lt. Gen. (ret) Soeweno, died on Thursday morning at the Medistra Hospital in South Jakarta.

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Fri, 20 Nov 1998

JP/Special music for Semanggi victims

Special music for Semanggi victims BANDUNG (JP): Musician Harry Roesli, noted for his "eccentric" works, is planning a traveling performance atop a trailer around Bandung.He said the performance, scheduled for Nov.

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Fri, 20 Nov 1998

JP/Floods leave 4,000 families homeless in E. Kalimantan

Floods leave 4,000 families homeless in E. Kalimantan JAKARTA (JP): At least 4,000 families became refugees on Thursday when heavy rains led to floods in Kutai, East Kalimantan, Antara reported.

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Fri, 20 Nov 1998

JP/Habibie defends treason inquiry into opposition

Habibie defends treason inquiry into opposition JAKARTA (JP): President B.J. Habibie's allegation that a group of opposition figures attempted to topple his government was made on strong foundations, a cabinet minister said on Thursday.

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Fri, 20 Nov 1998

JP/Visiting Lisbon mayor meets with jailed Xanana, Megawati

Visiting Lisbon mayor meets with jailed Xanana, Megawati JAKARTA (JP): Visiting Lisbon mayor Jaoa Soares met with jailed East Timorese separatist leader Jose Alexandre Xanana Gusmao on Thursday as senior Portuguese and Indonesian diplomats met in New York to discuss the details of the United ...

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Fri, 20 Nov 1998

JP/Students march to Soeharto's home

Students march to Soeharto's home JAKARTA (JP): Some 3,000 students marched through the capital on Thursday afternoon in the second attempt this week to protest outside the residence of former president Soeharto.

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Fri, 20 Nov 1998

JP/Rupiah standing firm alone: World Bank, Ginandjar

Rupiah standing firm alone: World Bank, Ginandjar JAKARTA (JP): The current strengthening of the rupiah to about Rp 7,500 to the U.S.

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Fri, 20 Nov 1998

JP/Two RI workers die in Saudi Arabia

Two RI workers die in Saudi Arabia JAKARTA: A consortium of insurance firms PT Asuransi Jiwa, PT Asuransi Republik and PT Asuransi Bringin Sejahtera Artamakmur paid more than Rp 10 million (US$1,333) in compensation to the relatives of 24-year-old Nuryati and 23-year-old Halimah Lidin, who died ...

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Fri, 20 Nov 1998

JP/Corrupt executive given 16-year sentence

Corrupt executive given 16-year sentence JAKARTA (JP): Central Jakarta District Court sentenced an executive of a private company on Thursday to 16 years in jail for failing to pay state-owned telecommunications company PT Telkom for telephone cards worth Rp 22 billion (US$3 million).

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Fri, 20 Nov 1998

JP/ABRI defends its gradual retreat from politics

ABRI defends its gradual retreat from politics JAKARTA (JP): The Armed Forces (ABRI) adopted on Thursday a defensive stance over mounting public calls that it quit politics as soon as possible, declaring its intention to gradually adjust its dual-function concept.

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Fri, 20 Nov 1998

JP/Govt plans move on Soeharto

Govt plans move on Soeharto JAKARTA (JP): The government is looking into the possible seizure of a cattle ranch owned by former president Soeharto, who is now the subject of an official corruption inquiry.

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Fri, 20 Nov 1998

JP/TV today

TV todayTVRI 5:30 a.m. Religious Teachings: Hikmah Pagi 6:00 Morning News 6:30 News: Nuansa Reformasi 7:00 Children's Program: Lagu Anak Nusantara 7:30 Cartoon 8:00 Music 8:30 Documantary Film 9:00 Family's Film 10:00 Interval 2:00 p.m.

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Fri, 20 Nov 1998

JP/KONI will increase bonuses for coaches

KONI will increase bonuses for coaches JAKARTA (JP): The National Sports Council (KONI) is to award coaches higher cash bonuses than ever before if their athletes win medals at the 13th Asian Games in Bangkok next month.

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Fri, 20 Nov 1998

JP/Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Painting Exhibition: Kecil Itu Indah 6, at Edwin Galeri Jl. Kemang Raya No. 21, Kemang, South Jakarta (Phone: 7194721), 9 a.m. to 7 p.m., until Nov. 29. * Painting Exhibition: Ventilation of Spaces by Hanafi, at Galeri Puzzle, Jl.

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Fri, 20 Nov 1998

JP/Government urged to promote gas usage

Government urged to promote gas usage JAKARTA (JP): A major energy company called on the government on Thursday to promote the use of natural gas domestically and offer bigger incentives for oil and gas exploration in order to avoid becoming a net oil importer in the near future.

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Fri, 20 Nov 1998

JP/Five nominated tennis body chief

Five nominated tennis body chief JAKARTA (JP): Outgoing Indonesian Tennis Association chairman Sarwono Kusumaatmadja announced five candidates for the post he will relinquish in a congress which began on Thursday.

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Fri, 20 Nov 1998

JP/Nine arrested for abortion

Nine arrested for abortion SURABAYA: Police have arrested nine people including a doctor and a midwife for allegedly conducting 397 abortions. Some of the women were pregnant by up to seven months, Antara reported.The news agency quoted East Java Police Spokesman Lt. Col. Sutrisno T.S.

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Fri, 20 Nov 1998

JP/Students flee hunger at boarding school

Students flee hunger at boarding school JAYAPURA, Irian Jaya: As many as 156 nursing students in Manokwari regency have stayed away from their boarding school since Sunday because they were not getting enough to eat there, Antara reported.

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Fri, 20 Nov 1998

JP/Farmers attack, loot Lampung shrimp firm

Farmers attack, loot Lampung shrimp firm JAKARTA (JP): Around 2,500 farmers ran riot on the vast shrimp farm owned by PT Wahyuni Mandira in the district of Ogan Komering Ilir in Lampung, burning, looting and destroying almost all facilities on the 170,000-hectare site.

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Fri, 20 Nov 1998

JP/Consultant calls for faster privatization

Consultant calls for faster privatization JAKARTA (JP): The government should accelerate its privatization program to help revive foreign investor confidence in the crisis-hit economy, a World Bank consultant has said.

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Fri, 20 Nov 1998

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 19, 1998: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 325 ...

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Fri, 20 Nov 1998

JP/Tambang Timah's net profit rises 350%

Tambang Timah's net profit rises 350% JAKARTA (JP): The net profits of publicly listed mining firm PT Tambang Timah rose by more than 350 percent to Rp 454.9 billion (US$60.65 million) in the first nine months of this year, up from Rp 100.

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Fri, 20 Nov 1998

JP/Our political agenda

Our political agenda There can be no bargaining on it: President B.J. Habibie must take immediate, concrete, transparent and professional actions to lay bare the many cases of corruption, collusion and nepotism, beginning by examining ex-President Soeharto.

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Fri, 20 Nov 1998

JP/Martin's concert canceled due to 'poor' political conditions

Martin's concert canceled due to 'poor' political conditions JAKARTA (JP): A planned charity concert by American pop star Ricky Martin was canceled because of the unrest in Jakarta.

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Fri, 20 Nov 1998

JP/Water firm to launch care program

Water firm to launch care program JAKARTA (JP): PT Thames Pam Jaya (TPJ), a British-Indonesian tap water joint venture, is scheduled to launch on Nov. 22 a care program aimed at promoting environmental awareness and clean water in the city, an executive of the firm said on Thursday.

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Fri, 20 Nov 1998

JP/BP-7 to be dissolved: Alwi Dahlan

BP-7 to be dissolved: Alwi Dahlan JAKARTA (JP): The government institution which disseminates the Pancasila state ideology, BP-7, will soon be dissolved as decreed by the People's Consultative Assembly (MPR), its chief officer Alwi Dahlan said on Wednesday.

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Fri, 20 Nov 1998

JP/GMBI changes name

GMBI changes name JAKARTA (JP): Car maker PT General Motors Buana Indonesia (GMBI) has changed its name to PT General Motors Indonesia in the wake of the major change in the company's share ownership.Company president William S.

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Fri, 20 Nov 1998

JP/Govt to sell bankers' assets through IPO

Govt to sell bankers' assets through IPO JAKARTA (JP): Some of the fixed assets in the form of companies surrendered by owners of troubled banks to the government to repay debts will be sold through initial public offerings (IPOs) in the capital market, said chairman of the Indonesian Bank ...

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Fri, 20 Nov 1998

JP/Alternative energy sources

Alternative energy sources Not everybody may be aware of the 4th United Nations Climate Change Conference unfolding here this month.

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Fri, 20 Nov 1998

JP/Violence cost the city Rp 16 billion

Violence cost the city Rp 16 billion JAKARTA (JP): The city suffered Rp 16.46 billion (US$2.35 million) in financial losses during last week's upheavals, Governor Sutiyoso said on Thursday.The tally accounts for the damage, burning and looting of 123 city-owned and private properties (Rp 14.

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Fri, 20 Nov 1998

JP/'Comedy of Errors' at the arts festival

'Comedy of Errors' at the arts festival JAKARTA (JP): Hundreds of Jakarta elite and theater buffs can enjoy an English play presented by professionals from Britain at Taman Ismail Marzuki's Graha Bhakti Budaya theater in conjunction with the 50th anniversary of the British Council.

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Fri, 20 Nov 1998

JP/Nine companies chosen to import iodized salt

Nine companies chosen to import iodized salt JAKARTA (JP): The government has appointed nine companies to import iodized salt to meet a shortfall on the domestic market, Minister of Industry and Trade Rahardi Ramelan said here on Thursday.

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Fri, 20 Nov 1998

JP/RI firms join Prague fair

RI firms join Prague fair JAKARTA (JP): Six Indonesian companies took part in a tourism fair called Madi Travel Trade Market, held in Prague, Czech Republic, from Nov. 10 to Nov. 12, the Indonesian Embassy in Prague said on Wednesday.The head of the embassy's economic department, Wisnu E.

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Fri, 20 Nov 1998

JP/Political stability crucial for economic recovery

Political stability crucial for economic recovery JAKARTA (JP): Domestic and foreign analysts speaking at a business conference here on Thursday have stressed the crucial role of political stability and a legitimate government to bolster Indonesia's economic recovery.

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Fri, 20 Nov 1998

JP/Sutiyoso backs military officers' appointment

Sutiyoso backs military officers' appointment JAKARTA (JP): Governor Sutiyoso on Thursday defended the appointment of five new military officers to the city's top positions next week, arguing that their assignment "had been processed a long time ago".

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Fri, 20 Nov 1998

JP/Truck driver found dead

Truck driver found dead TANGERANG (JP): A truck driver from yarn manufacturer PT Tifico was found dead on Wednesday night apparently after being stabbed by one of his colleagues at the firm's compound on Jl. Raya Serpong here.

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Fri, 20 Nov 1998

JP/Foreign observers allowed to monitor 1999 election

Foreign observers allowed to monitor 1999 election JAKARTA (JP): The United Nations and other international observers will be allowed to monitor Indonesia's general election next year, President B.J. Habibie said on Thursday.

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Fri, 20 Nov 1998

JP/Cost of divorce hits estranged couples

Cost of divorce hits estranged couples BOGOR (JP): Just like marriage itself, getting through the official procedure to end a union requires shelling out big bucks, or so say residents of Bogor.

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Fri, 20 Nov 1998

JP/Independent team set up to help govt manage firms

Independent team set up to help govt manage firms JAKARTA (JP): The office of the Ministry for the Empowerment of State Enterprises has set up an independent team to help the government in managing state companies.

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Fri, 20 Nov 1998

JP/Conversion Rates

Conversion Rates Bank Bali's conversion rates on Nov. 19, 1998: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

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Fri, 20 Nov 1998

JP/Unicef needs $18 million to help Indonesian infants

Unicef needs $18 million to help Indonesian infants JAKARTA (JP): The nutrition section chief of the United Nations Children Fund (Unicef), Roger Shrimpton, says that the international body needs at least US$18 million to protect millions of under-two-year-olds facing malnutrition during ...

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Fri, 20 Nov 1998

JP/Lady, please refrain yourself!

Lady, please refrain yourself! On Nov. 16 evening, state-owned TVRI and the other TV stations aired a talk show featuring three gentlemen and two ladies that TVRI considered societal figures.

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Fri, 20 Nov 1998

JP/Artists to stage exhibit in Kuwait

Artists to stage exhibit in Kuwait DENPASAR, Bali: Seven Indonesian artists are to hold a two- week exhibit of their works in Kuwait at the invitation of the Kuwaiti government, Antara reported on Thursday.

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Fri, 20 Nov 1998

JP/Mahathir under fire at APEC

Mahathir under fire at APEC In an earlier article, The Jakarta Post's Asia correspondent Harvey Stockwin argued that the Asia Pacific Economic Cooperation forum (APEC) leaders should quietly rebuke Malaysian Prime Minister Mahathir Mohamad's authoritarianism by staying away from the Kuala Lumpur ...

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