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

Wed, 25 Mar 1998

JP/Taiwanese company eyes RI business opportunities

Taiwanese company eyes RI business opportunities JAKARTA (JP): One of Taiwan's top companies said yesterday it was eying several attractive investment opportunities in Indonesia in the wake of the country's economic turmoil.

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Wed, 25 Mar 1998

JP/Germany recommends better banking system

Germany recommends better banking systemBy Oei Eng Goan JAKARTA (JP): Indonesia's sudden economic meltdown last July has so shocked friendly nations from within and outside the region that they are willing to lend a helping hand to try to resolve the monetary crisis the country is facing.

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Wed, 25 Mar 1998

JP/Humans helping humans

Humans helping humans What our high ranking officials say or do has a profound effect on the community. That's why we have to be careful in what we say or do, because it can cause confusion in the community.

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Wed, 25 Mar 1998

JP/Rudini defends Wiranto on dialog offer to students

Rudini defends Wiranto on dialog offer to students JAKARTA (JP): Political observer Rudini said he was convinced about the sincerity of the Armed Forces offer, made through its commander Gen.

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Wed, 25 Mar 1998

JP/Officer stabbed to death

Officer stabbed to death JAKARTA (JP): An army officer was killed by a mob in the basement of the three-star Sentral Hotel on Jl. Pramuka Raya, Central Jakarta, early yesterday, after he collected a woman from the hotel's discotheque, police said.Central Jakarta police chief Lt. Col.

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Wed, 25 Mar 1998

JP/Govt 'serious' about fighting Kalimantan forest fires

Govt 'serious' about fighting Kalimantan forest firesBy Sugianto Tandra JAKARTA (JP): The raging forest fires in East Kalimantan may be among the most exposed issues currently facing Indonesia, but the concerted efforts launched to fight them have gone largely unreported.

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Wed, 25 Mar 1998

JP/Police hold car parts sale

Police hold car parts sale JAKARTA (JP): City Police are holding a two-week sale of essential car parts and lubricants at the headquarters' complex, spokesman Lt. Col. E. Aritonang said yesterday.

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Wed, 25 Mar 1998

JP/Where to go in Surabaya:

Where to go in Surabaya:Music and Entertainment * Hyatt Regency Surabaya, Jl. Jend. Basuki Rakhmat 106-128: - The Tavern Pub: Cosindos Band, daily except Sunday 9 p.m. to 1 a.m., Hazztoria Band, live music performance on Sunday, 8:30 p.m. to 12:30 a.m.

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Wed, 25 Mar 1998

JP/Chinese medicine trading

Chinese medicine trading Chinese traditional medicine imported from China, Hong Kong, Taiwan, Korea, Japan and Malaysia is known to be effective in curing a wide range of illnesses. Some time ago, I suffered from kidney failure but my condition has since been restored thanks to Chinese medicine.

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Wed, 25 Mar 1998

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on March 24, 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo ...

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Wed, 25 Mar 1998

JP/39 street walkers escape detention

39 street walkers escape detention BOGOR, West Java (JP): Public order officers from the Bogor mayoralty rounded up 39 prostitutes and transvestites Monday night.They were temporarily accommodated in a house in Sukamulya subdistrict, but fled after bribing an officer yesterday.

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Wed, 25 Mar 1998

JP/PBSI to probe missing $250,000

PBSI to probe missing $250,000 JAKARTA (JP): The Badminton Association of Indonesia (PBSI) has set up a four-person team to track down contract money worth US$250,000 from Japanese sports equipment maker Yonex.Association secretary-general Leo Ch.

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Wed, 25 Mar 1998

JP/Suspects named in soccer scam

Suspects named in soccer scam JAKARTA (JP): Police officially named six suspects yesterday in an alleged match-fixing and bribery scam during the Indonesian League from 1994 to 1997.City Police spokesman Lt. Col. E.

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Wed, 25 Mar 1998

JP/Pancasila University students explain

Pancasila University students explain On March 18 The Jakarta Post reported on Students continue pressure for reform. We, the senate of Pancasila University students wish to make the following remarks on the report.1.

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Wed, 25 Mar 1998

JP/Rights body urges NGOs to help overseas workers

Rights body urges NGOs to help overseas workers JAKARTA (JP): The National Commission on Human Rights is urging non-governmental organizations (NGOs) to take concrete steps to help Indonesian workers overseas, including the tens of thousands of illegal migrants currently facing deportation ...

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Wed, 25 Mar 1998

JP/Inconsistent policies

Inconsistent policies The government's policy decision to slap a 5 percent tax on foreign exchange purchases has been aborted. It was (Minister of Finance) Fuad Bawazier himself who last Friday announced the short-lived policy to the public.

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Wed, 25 Mar 1998

JP/Karabha Unggul helps the poor

Karabha Unggul helps the poor JAKARTA (JP): PT Karabha Unggul, which manages Makro wholesale stores, is allowing poor families living near the company's nine outlets to buy discounted foodstuff packages, a release stated.

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Wed, 25 Mar 1998

JP/Homes and industry hit by flooding

Homes and industry hit by flooding TANGERANG (JP): Hundreds of houses and dozens of industrial plants in the town were flooded yesterday, forcing residents to evacuate to nearby safe areas and halting the plants' operation.

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Wed, 25 Mar 1998

JP/New military chief for Kalimantan

New military chief for Kalimantan BALIKPAPAN, East Kalimantan: A combat-hardened soldier, Maj. Gen. Sang Nyoman Suwisma, was installed as the new regional military commander overseeing the vast area of Kalimantan yesterday.The transfer of duty, led by Army Chief of Staff Gen.

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Wed, 25 Mar 1998

JP/Semen Gresik cuts output

Semen Gresik cuts output PURWOKERTO, Central Java (JP): PT Semen Gresik said yesterday that the economic turmoil had forced it to slash its annual production by almost 50 percent to 3.5 million tons from the usual 6.9 million tons.

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Wed, 25 Mar 1998

JP/Govt criticized for revoking foreign exchange tax policy

Govt criticized for revoking foreign exchange tax policy JAKARTA (JP): The government was strongly criticized yesterday for revoking a decree on a planned 5 percent income tax for foreign exchange purchases.

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Wed, 25 Mar 1998

JP/Local stock trading remains under pressure

Local stock trading remains under pressure JAKARTA (JP): Trading on the Jakarta Stock Exchange (JSX) remained under a strong selling pressure yesterday with most investors dumping most of their shares.

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Wed, 25 Mar 1998

JP/Big stars square off at polls

Big stars square off at polls The intrusion of stars in the entertainment industry into politics has happened in several countries in the last two decades. Our Asia correspondent Harvey Stockwin describes this process in the Philippines and its likely impact on the present presidential election.

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Wed, 25 Mar 1998

JP/TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 TV Series: Big Brother Jake 3:10 Indonesian Children 3:35 Talk Show: Kotak Pos 4:00 Regional News 4:30 Education Quiz: Cepat Tepat 5:10 TV Series: Road to Avonlea 6:00 News: Lintasan Berita 6:05 My Beloved Country 6:15 ...

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Wed, 25 Mar 1998

JP/Girl hit by stray bullet

Girl hit by stray bullet YOGYAKARTA: Doctors at Sardjito Hospital will operate today on Siti Darmayanti, an eight-year-old girl hit by a stray bullet from a policeman's gun as she walked to school last Saturday.

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Wed, 25 Mar 1998

JP/Court hears Ratna's lawsuit against police

Court hears Ratna's lawsuit against police JAKARTA (JP): North Jakarta District Court belatedly heard lawsuits yesterday filed by popular stage actress Ratna Sarumpaet and five other people against police officers they accuse of arresting them illegally.

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Wed, 25 Mar 1998

JP/PD Wisata Niaga will sell assets to pay debt

PD Wisata Niaga will sell assets to pay debt JAKARTA (JP): City-owned trading and tourism company PD Wisata Niaga Jaya is to sell some of its assets to help pay debts of Rp 65 billion (US$7.2 million) it owes Bank DKI, it was announced yesterday.

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Wed, 25 Mar 1998

JP/Boss may spend year in prison

Boss may spend year in prison JAKARTA (JP): A prosecutor has demanded the Central Jakarta District Court sentence the president of state-owned trading company PT Kerta Niaga to one year in jail for allegedly defrauding two private firms of Rp 5 billion (US$500,000).

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Wed, 25 Mar 1998

JP/Hike in cigarette prices may cause massive layoffs

Hike in cigarette prices may cause massive layoffs JAKARTA (JP): An estimated 75,000 workers of 330 small and medium-scale cigarette producers may lose their jobs due to the planned increase in cigarette prices next month.

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Wed, 25 Mar 1998

JP/RI to opt for Mexican model in debt crisis

RI to opt for Mexican model in debt crisis JAKARTA (JP): Indonesia is to adopt a revised version of the Mexican model to solve its private sector overseas debt crisis, State Minister of the Empowerment of State Enterprises Tanri Abeng said yesterday.

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Wed, 25 Mar 1998

JP/Rupiah rallied by moves to raise interest rates

Rupiah rallied by moves to raise interest rates JAKARTA (JP): The rupiah rallied yesterday as fund managers sold their dollars to benefit from the sharp increase in the domestic interest rates.The rupiah ended the day at 8,500 against the U.S. dollar, up from Monday's close of 8,900.

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Wed, 25 Mar 1998

JP/Hardiyanti serves meals to the needy

Hardiyanti serves meals to the needy JAKARTA (JP): Minister of Social Services Siti Hardiyanti Rukmana opened a campaign yesterday to lessen the blows of the monetary crisis by offering 400 free meals to needy workers at Tanjung Priok Port.

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Wed, 25 Mar 1998

JP/State airlines may get subsidy for quiet routes

State airlines may get subsidy for quiet routes JAKARTA (JP): The government plans to subsidize state airlines to allow them to continue flying unprofitable routes abandoned by private airlines due to the current monetary crisis, a government official said yesterday.

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Wed, 25 Mar 1998

JP/Assimilation of ethnic Chinese

Assimilation of ethnic Chinese One of our new cabinet's tasks is "to strengthen national unity". This involves, among others, improving relations between ethnic Chinese Indonesians and their indigenous compatriots, which is better known as "assimilation of ethnic Chinese in Indonesia".

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Wed, 25 Mar 1998

JP/Five locals to attend World Cup '98

Five locals to attend World Cup '98 JAKARTA (JP): The French government has included five Indonesian students among 700 selected from around the world to watch the World Cup soccer semifinals and final in France in July.

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Wed, 25 Mar 1998

JP/RI needs creative strategy to draw investors: Miranda

RI needs creative strategy to draw investors: Miranda JAKARTA (JP): Innovative breakthroughs are needed to attract badly needed capital to right the floundering economy, Bank Indonesia director Miranda S. Gultom said yesterday.

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Wed, 25 Mar 1998

JP/Prosecutor wants shaman's death

Prosecutor wants shaman's death MEDAN, North Sumatra: The prosecution has demanded that the Lubuk Pakam District Court sentence to death shaman Achmad Suraji, alias Nasib Kelewang, alias Datuk, for the alleged premeditated murders of 42 women.

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Wed, 25 Mar 1998

JP/WB, ADB pledge 'safety net' aid

WB, ADB pledge 'safety net' aid JAKARTA (JP): Executives of the World Bank and the Asian Development Bank (ADB) assured Vice President B.J. Habibie yesterday they would closely work with the government in overcoming the country's economic turmoil and improving its competitiveness in the future.

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Wed, 25 Mar 1998

JP/U.S. tennis coach hired for Asiad

U.S. tennis coach hired for Asiad JAKARTA (JP): The Indonesian Tennis Association, desperately seeking affordable foreign coaches to prepare its team for the Asian Games (Asiad) in December, has struck a deal with American Matt Willer.

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Wed, 25 Mar 1998

JP/Conversion Rates

Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on March 24, 1998: Buying Selling Rp Rp U.S. dollar 1 8,000.00 9,500.

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Wed, 25 Mar 1998

JP/Entertainment spot temporarily closed

Entertainment spot temporarily closed BOGOR (JP): The owner of Dumas dangdut music nightspot has temporarily closed its doors following a stern warning from the government that it was not properly licensed, an official said yesterday.

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Wed, 25 Mar 1998

JP/Where to go in Bali:

Where to go in Bali:Exhibitions * Painting Exhibition: Image Dance by Made Budhiana at Ganesha Gallery, Four Seasons Resort, Jimbaran Bay, Nusa Dua, Bali, 12 p.m. to 8 p.m., until March 27. * Painting Exhibition: Ida Bagus Made, at Darga Gallery, Komplek Sanur Raya, No.

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Wed, 25 Mar 1998

JP/The spectre of inflation

The spectre of inflation Bank Indonesia's move on Monday to nearly double the interest rates on its benchmark instruments (SBI) to a range of 40 percent to 45 percent for papers of one week to two months should have been the best of the worst alternatives it has in addressing the threat of ...

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Wed, 25 Mar 1998

JP/Soeharto to rule on officials' private wealth

Soeharto to rule on officials' private wealth JAKARTA (JP): President Soeharto will soon issue a decree as the legal foundation requiring ministers and other high-ranking officials to declare their wealth, a minister said yesterday.

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Wed, 25 Mar 1998

JP/Deposit rates soar after hike in SBIs

Deposit rates soar after hike in SBIs JAKARTA (JP): Domestic commercial banks have raised interest rates on one-month deposits to as high as 67.5 percent, following the sharp rise in central bank promissory note (SBI) rates on Monday.

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Wed, 25 Mar 1998

JP/House members shocked on provincial tours

House members shocked on provincial tours JAKARTA (JP): Members of the House of Representatives' Commission IV were taken aback Monday to see Central Kalimantan residents without protection in braving the haze choking the province.

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Wed, 25 Mar 1998

JP/Asia, Europe must not lecture over rights

Asia, Europe must not lecture over rightsBy Arif Havas Ugroseno JAKARTA (JP): With the summitry of the Asia-Europe Meeting (ASEM) fast approaching, Amnesty International has launched yet another campaign, which it has called Human Rights, the Missing Link in the Asia-Europe Meeting.

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Wed, 25 Mar 1998

JP/Fumigation planned to fight dengue fever

Fumigation planned to fight dengue fever JAKARTA (JP): The city administration will fumigate in 100 subdistricts with endemic populations of the carrier mosquito of dengue fever, a senior official said yesterday.

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Wed, 25 Mar 1998

JP/Thousands evacuated after West Java floods

Thousands evacuated after West Java floods BANDUNG (JP): Floods have inundated thousands of homes in at least six villages in South Bandung regency over the past two weeks, forcing thousands of residents to evacuate.

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Wed, 25 Mar 1998

JP/TUK to screen best foreign Oscar winners

TUK to screen best foreign Oscar winners JAKARTA (JP): With all the hype for the Academy Awards, Teater Utan Kayu (TUK) has opted to stick with the Oscar theme this month. It will screen eight Best Foreign Language Film winners, from 1989 to 1996, this weekend.

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Wed, 25 Mar 1998

JP/Student dies after attack

Student dies after attack JAKARTA (JP): A 17-year-old student died Monday of severe head injuries sustained during an attack involving five men on a bus last week, his relatives said.Syarif, a resident of Jl. Tomang Banjir Kanal in West Jakarta, died at Cipto Mangunkusumo General Hospital.

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