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

Thu, 19 Feb 1998

JP/Share prices up slightly from second-line stocks

Share prices up slightly from second-line stocks JAKARTA (JP): Stock prices on the Jakarta Stock Exchange (JSX) edged up 0.1 percent yesterday on the back of local buying of second-line stocks, stockbrokers said.

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Thu, 19 Feb 1998

JP/Germany gives RI US$206m

Germany gives RI US$206m JAKARTA (JP): German Finance Minister Theo Waigel signed a memorandum of understanding (MOU) yesterday to provide Indonesia with Dm375 million (US$206 million) in financial assistance to help fight the economic crisis.

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Thu, 19 Feb 1998

JP/Conversion Rates

Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on Feb. 18, 1998: Buying Selling Rp Rp U.S. dollar 1 8,000.00 10,500.

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Thu, 19 Feb 1998

JP/'Poor law enforcement' hampering corruption fight

'Poor law enforcement' hampering corruption fight JAKARTA (JP): Efforts to eradicate corruption are often hampered by poor law enforcement and poor coordination between officials, Vice President Try Sutrisno acknowledged yesterday.

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Thu, 19 Feb 1998

JP/Aid pours in as fires still rage in E. Kalimantan

Aid pours in as fires still rage in E. Kalimantan JAKARTA (JP): Reports of spreading forest and brush fires in East Kalimantan have prompted several countries to offer the government fire-fighting equipment, a cabinet minister has said.

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Thu, 19 Feb 1998

JP/KHI Pipe to export 25% of its production

KHI Pipe to export 25% of its production JAKARTA (JP): Steel pipe producers PT KHI Pipe Industries, a subsidiary of the state-owned steel producer PT Krakatau Steel, will export at least 25 percent of its production capacity this year due to a sluggish demand in the domestic market.

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Thu, 19 Feb 1998

JP/Sampoerna's net sales rose 25.6% in 1997

Sampoerna's net sales rose 25.6% in 1997 JAKARTA (JP): Publicly listed cigarette maker PT HM Sampoerna reported a 25.6 percent increase in net sales last year to Rp 2.97 trillion (US$330.22 million), the company announced yesterday.

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Thu, 19 Feb 1998

JP/Habibie set for dialog with Emil -- at the right time

Habibie set for dialog with Emil -- at the right time JAKARTA (JP): State Minister of Research and Technology B.J.

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Thu, 19 Feb 1998

JP/Market info center formed

Market info center formed JAKARTA (JP): The Ministry of Industry and Trade has formed a market information center to provide consumers with information on prices and stocks of commodities in the domestic market.

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Thu, 19 Feb 1998

JP/Garuda reduces flights on Jakarta-Yogya route

Garuda reduces flights on Jakarta-Yogya route JAKARTA (JP): State-owned Garuda Indonesia airlines will reduce its number of daily flights between Jakarta and Yogyakarta from seven to six starting next week.

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Thu, 19 Feb 1998

JP/Jakarta bids for Olympics 2008

Jakarta bids for Olympics 2008 JAKARTA (JP): State Minister for Youth Affairs and Sports Hayono Isman will report to President Soeharto on Jakarta's bid to host the 2008 Summer Olympics.

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Thu, 19 Feb 1998

JP/Germany's appeals against CBS plan

Germany's appeals against CBS plan JAKARTA (JP): German Finance Minister Theo Waigel has said he fully understands Indonesia's objectives in introducing a currency board system (CBS) to stabilize its currency, but that such a system is not viable at this point in time.

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Thu, 19 Feb 1998

JP/Pharmaceutical industry may face drug shortages

Pharmaceutical industry may face drug shortages JAKARTA (JP): The city chapter of the Federation of Pharmaceutical Entrepreneurs has strongly urged foreign banks to accept its members' letters of credit (L/Cs) issued by local banks.

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Thu, 19 Feb 1998

JP/Birds of prey circling the dove of peace

Birds of prey circling the dove of peace There is still no sign of a breakthrough in the feverish negotiations aimed at staving off an American military strike against Iraq.

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Thu, 19 Feb 1998

JP/Share prices

Share pricesNotice: Due to technical problems at the Jakarta Stock Exchange, The Jakarta Post cannot provide the daily share price quotations today.

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Thu, 19 Feb 1998

JP/Balinese poet to go Dutch

Balinese poet to go Dutch DENPASAR, Bali: Balinese poet Warih Wisatsana is scheduled to perform in the winter festival Nachten, scheduled to last from February through mid-March in The Hague, the Netherlands.

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Thu, 19 Feb 1998

JP/Girl commits suicide

Girl commits suicide JAKARTA (JP): A 19-year-old housemaid hanged herself in the Pondok Indah housing complex in South Jakarta Tuesday, raising the death toll from suicide to nine this year.

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Thu, 19 Feb 1998

JP/Two robberies in Tangerang

Two robberies in Tangerang TANGERANG (JP): Two groups of robbers broke into two houses Tuesday morning, making away with cash, jewelry and electronic goods worth millions of rupiah.Tangerang Police chief Lt. Col. Aryanto Boediharjo said the first robbery took place in a house on Jl.

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Thu, 19 Feb 1998

JP/Wullems disappointed with federation

Wullems disappointed with federation JAKARTA (JP): Former national soccer team coach Henk Wullems of the Netherlands expressed disappointment in the All Indonesian Soccer Federation, which he called "dishonest.

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Thu, 19 Feb 1998

JP/Hayono to consider Yayuk's request on departure tax

Hayono to consider Yayuk's request on departure tax JAKARTA (JP): Minister of Youth Affairs and Sports Hayono Isman has said Indonesia's number one women's tennis player Yayuk Basuki's request that she be charged only Rp 250,000 in departure tax was under consideration.

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Thu, 19 Feb 1998

JP/Bogor inaugurates reservoir in flood-reduction effort

Bogor inaugurates reservoir in flood-reduction effort BOGOR (JP): West Java Governor R. Nuriana inaugurated yesterday an eight-hectare lake located in the center of the Bogor regency office compound in Tengah village, Cibinong district.

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Thu, 19 Feb 1998

JP/TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 Children's Film: Kid Pix Robbie and The Rascal 3:10 Science Film: Modern Eye for Traditional 3:35 Religious Teachings: Islam 4:00 Regional News 4:30 Performance: Pelangi Budaya 5:00 Arabic Lessons 5:30 Music Lessons: ...

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Thu, 19 Feb 1998

JP/Two men arrested for robberies in W. Jakarta

Two men arrested for robberies in W. Jakarta JAKARTA (JP): Two men who allegedly worked together to prey on public transportation passengers were arrested separately in West Jakarta in the past two days.

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Thu, 19 Feb 1998

JP/Fire leaves 550 homeless

Fire leaves 550 homeless BANJARMASIN, South Kalimantan: A fire that broke out in the "diamond town" of Martapura Tuesday evening has left 550 people homeless and caused losses of about Rp 500 million (US$52,600).

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Thu, 19 Feb 1998

JP/Badminton body to send 22 shuttlers to All England

Badminton body to send 22 shuttlers to All England JAKARTA (JP): The Badminton Association of Indonesia will send 22 shuttlers next month to the 1998 All England Badminton Championships in Birmingham, England.The association's secretary-general, Leo Ch.

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Thu, 19 Feb 1998

JP/Bishop calls on Amien

Bishop calls on Amien YOGYAKARTA (JP): The Archbishop of Semarang, Suharyo, paid a rare courtesy call on Amien Rais, leader of the 28-million-strong Moslem organization Muhammadiyah, here yesterday.Both Suharyo and Amien declined to go into the details of what they discussed.

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Thu, 19 Feb 1998

JP/RI's political system needs reform

RI's political system needs reform Presidential and vice-presidential elections are drawing closer. Clearer signs have now emerged from political groupings about whom they are going to elect. Political scientist J.

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Thu, 19 Feb 1998

JP/Moslems told to stay away from riots

Moslems told to stay away from riots YOGYAKARTA (JP): Amien Rais, the leader of the 28-million- strong Moslem organization Muhammadiyah, called on Moslems yesterday to stay away from riots targeting the property of people of Chinese descent.

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Thu, 19 Feb 1998

JP/Soedradjad replaced

Soedradjad replaced Overall reorganization of the central bank (Bank Indonesia) had been anticipated since last week's official confirmation of the government's intention to introduce a currency board system, seen to be a quick fix solution to the rupiah volatility.

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Thu, 19 Feb 1998

JP/Grim realities predominate in pick of world press photos

Grim realities predominate in pick of world press photosBy K. Basrie JAKARTA (JP): Members of the public visiting the annual World Press Photo exhibition here are frequently left uneasy at the content of the works.

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Thu, 19 Feb 1998

JP/UNEP showcases computer database

UNEP showcases computer database JAKARTA (JP): The United Nations Environment Program (UNEP) showcased a computer database yesterday aimed at helping facilitate the transfer of green technology from industrialized to developing countries.UNEP Deputy Director Lilia G.C.

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Thu, 19 Feb 1998

JP/Public warned against making bomb threats

Public warned against making bomb threats JAKARTA (JP): Police ordered troublemakers, who have been making phony bomb threats to incite unrest, to cease the irresponsible behavior.City police spokesman Lt. Col. E. Aritonang said yesterday the bomb hoaxes had caused chaos.

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Thu, 19 Feb 1998

JP/Girl killed by hit-and-run truck

Girl killed by hit-and-run truck JAKARTA (JP): A 17-year-old schoolgirl was crushed to death by a speeding trailer truck in a hit-and-run accident on Jl. Raya Cakung-Cilincing in East Jakarta early Tuesday.

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Thu, 19 Feb 1998

JP/East Timor bus drivers on strike

East Timor bus drivers on strike DILI, East Timor: Hundreds of bus drivers staged a peaceful demonstration over the weekend against the skyrocketing prices of basic commodities, auto part and lubricant oil.

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Thu, 19 Feb 1998

JP/Primary regional revenue to drop more than 15%

Primary regional revenue to drop more than 15% JAKARTA (JP): The city is preparing for a gloomy 1998/1999 fiscal year as primary regional revenue is expected to drop 15.86 percent to Rp 1.72 trillion from an estimated Rp 2.03 trillion.

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Thu, 19 Feb 1998

JP/No fires by Lonsum

No fires by Lonsum JAKARTA (JP): Publicly listed PT PP London Sumatra Indonesia (Lonsum), a palm oil and rubber plantation company, has denied an allegation it used a burning method to clear land in its East Kalimantan oil palm plantation.

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Thu, 19 Feb 1998

JP/Nokia mobile phone

Nokia mobile phone I would like to thank Adrianus Hyung T for his interest in Nokia's new mobile phone (Nokia 6110, Feb. 14).The points he raised about the Nokia 6110 are timely, particularly the one about his difficulty in purchasing the new mobile phone.

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Thu, 19 Feb 1998

JP/Gelora Senayan board under fire

Gelora Senayan board under fire JAKARTA (JP): Members of a House of Representatives (DPR) commission have urged the Gelora Senayan Management Board to improve the supervision of state properties within Senayan in Central Jakarta.

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Thu, 19 Feb 1998

JP/Present crisis

Present crisis Whether or not the currency board system is established, despite the distinctly lukewarm reception of this idea by world financial experts, including the IMF, one thing seems glaringly obvious if it is to have any positive impact on the present monetary crisis.

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Thu, 19 Feb 1998

JP/Soedradjad's dismissal draws mixed reactions

Soedradjad's dismissal draws mixed reactions JAKARTA (JP): The sudden removal of Soedradjad Djiwandono from the top post at Bank Indonesia (BI), central bank, Tuesday drew mixed responses yesterday.

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Thu, 19 Feb 1998

JP/Indonesia Inc.: Dream or reality?

Indonesia Inc.: Dream or reality?By C.J. de Koning This is the second of two articles on the capricious value of the Indonesia's currency. JAKARTA (JP): Last year before the crisis started in July the Indonesian government maintained a balanced rupiah budget, which it still does.

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Thu, 19 Feb 1998

JP/Where to go in Bali:

Where to go in Bali:Music and entertainment * Bali Cliff Resort, Ungasan, Bali: - Art Market: Pasar Malam and Legong Dance, Monday. - Poolside: Seloka Band, Tuesday. - Ocean Cafe: Kecak Dance, Wednesday and Saturday.

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Thu, 19 Feb 1998

JP/ABRI formally nominates Habibie

ABRI formally nominates Habibie JAKARTA (JP): B.J. Habibie's bid for the vice presidency was confirmed a one-horse race yesterday after the powerful Armed Forces (ABRI) came out in support of his candidacy.

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Thu, 19 Feb 1998

JP/Wealthy Chinese donate goods as fresh riot erupts

Wealthy Chinese donate goods as fresh riot erupts SURABAYA (JP): Scores of Chinese Indonesian entrepreneurs, who have been regular targets of recent violent protests over soaring prices, donated essential commodities and money to the needy here yesterday.

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Thu, 19 Feb 1998

JP/Expatriates

Expatriates When I read the last edition of the Sunday Post on Feb. 15: Expatriates set sail as economy sinks, I felt a strong urge to comment on some of the rather shortsighted statements with regards to the expatriates working in Indonesia, obviously with no other purpose than of bleeding the ...

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Thu, 19 Feb 1998

JP/Tonasa exports cement

Tonasa exports cement JAKARTA (JP): State cement producer PT Semen Tonasa shipped the first of its exports to Sri Lanka yesterday from Ujungpandang port.Semen Tonasa president Nizar Dt Kayo said the South Sulawesi- based cement producer shipped about 14,500 tons of cement.

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Thu, 19 Feb 1998

JP/Majapahit hotel gets award

Majapahit hotel gets award JAKARTA (JP): Hotel Majapahit Mandarin Oriental in Surabaya, East Java, has been awarded the "Best Hotel by city" in the December issue of Institutional Investor magazine.The award was based on a survey last year which reviewed hotels in 106 cities around the world.

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Thu, 19 Feb 1998

JP/Where to go in Surabaya:

Where to go in Surabaya:Music and Entertainment * Radisson Plaza Suite Hotel, at Plaza Boulevard, Jl. Pemuda 31- 37: - Kartini's Restaurant: Chinese Food Festival, 6:30 p.m. to 10:30 p.m., Electone Player, daily. Tanira Band, Friday, Saturday. - Cafe Taman: Tanira Band, daily at 7 p.m. to 10 p.m.

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Thu, 19 Feb 1998

JP/Dialysis patients face cutbacks

Dialysis patients face cutbacks TANGERANG (JP): State-owned Tangerang Hospital has reduced the number of patients receiving dialysis treatment to only nine per day due to the limited availability of both medicine and equipment, a director said yesterday."I cannot accept any new patients.

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Thu, 19 Feb 1998

JP/RI forex reserves decrease to $17.07b

RI forex reserves decrease to $17.07b JAKARTA (JP): Indonesia's foreign exchange reserves have decreased to US$17.07 billion as of Feb. 16 from $20.39 billion recorded on Jan. 15 and $28.85 billion at the end of June 1997, according to Bank Indonesia.Miranda S.

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Thu, 19 Feb 1998

JP/Man of 1,000 faces into record book

Man of 1,000 faces into record book SEMARANG: The Indonesian Museum of Records here has entered the name of a 75-year-old man nicknamed "the man of a thousand faces" into its record book because he is able to twist his face into numerous positions.

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Thu, 19 Feb 1998

JP/Exports remain uncompetitive despite crisis

Exports remain uncompetitive despite crisis JAKARTA (JP): Indonesia's exports have remained uncompetitive overseas despite the sharp drop in the rupiah's value against the U.S. dollar, an executive has said.

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