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

Fri, 06 Mar 1998

JP/Album

AlbumPhoto A: HarmokoJP/obyALL SMILES: House speaker Harmoko (left) gives a thumbs-up at the end of yesterday's sessions held by the People's Consultative Assembly. Standing next to him is his deputy, Golkar's Abdul Gafur.

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Fri, 06 Mar 1998

JP/Rp1.6b allotted for women in labor program

Rp1.6b allotted for women in labor program JAKARTA (JP): The city administration is to allocate Rp 1.6 billion to finance female workers who will join the labor- intensive programs scheduled to start next month, an official said yesterday.

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Fri, 06 Mar 1998

JP/Safety checks

Safety checks Thank you for the time and opportunity you have given us to answer Mr. Tahir's complaint published in The Jakarta Post (March 2, 1998: Amex checks).First, we would like to express our concern over Mr. Tahir's experience. It is indeed awful to lose your money in a foreign country.

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Fri, 06 Mar 1998

JP/Support grows for ethnic Chinese minister

Support grows for ethnic Chinese minister JAKARTA (JP): Support is growing for calls for the next president to include a Chinese-Indonesian in his cabinet as recognition that the ethnic group is a valued part of the nation.

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Fri, 06 Mar 1998

JP/Anthrax outbreak kills 15 pigs in Kupang

Anthrax outbreak kills 15 pigs in Kupang KUPANG, East Nusa Tenggara (JP): A highly infectious disease is believed to have killed at least 15 pigs and affected 25 others in Taru village, Central Kupang.

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Fri, 06 Mar 1998

JP/Protests

ProtestsCorrection: In the article and photo caption on student protests on the City and National News page yesterday we inadvertently identified state-run Syarif Hidayatullah Islamic Institute as Syahid Hidayatullah Islamic Institute. We regret the error.

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Fri, 06 Mar 1998

JP/Four held for aiding stowaway attempt: Police

Four held for aiding stowaway attempt: Police JAKARTA (JP): Police have arrested four men and are searching for two others, including a Sri Lankan national, for allegedly assisting 15 Sri Lankans slip through Soekarno-Hatta International Airport without the proper documents on Feb. 26.

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Fri, 06 Mar 1998

JP/Golkar, ABRI 'to lobby' PPP to accept Soeharto's speech

Golkar, ABRI 'to lobby' PPP to accept Soeharto's speech JAKARTA (JP): Officials from the Armed Forces (ABRI) and the dominant Golkar faction said they would "lobby" the United Development Party (PPP), the sole holdout in accepting President Soeharto's accountability speech.

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Fri, 06 Mar 1998

JP/Habibie hands over three posts

Habibie hands over three posts BANDUNG (JP): State Minister of Research and Technology B.J. Habibie handed over to subordinates yesterday three of his 10 posts as president of state-owned companies supervised by the Strategic Industries Supervisory Agency (BPIS).

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Fri, 06 Mar 1998

JP/Bottom-up economic reform

Bottom-up economic reform The majority of Indonesians live in villages. Yet they do not have any influence on the economic state of the nation. Many remain poor and struggle to survive.

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Fri, 06 Mar 1998

JP/SEAG Consortium can be sued: Legal aid body

SEAG Consortium can be sued: Legal aid body JAKARTA (JP): The Jakarta Legal Aid Institute director, Apong Herlina, said yesterday that the 19th SEA Games consortium, which was in charge of raising public funds to finance the Games, can be sued for breaking Civil Code article 1365.

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Fri, 06 Mar 1998

JP/Kim Jong-il's loneliness problem still persists

Kim Jong-il's loneliness problem still persistsBy Edward Neilan Anointed prince unable to solve North's economic plunge, shunned by China and Russia, upstaged by events in South Korea.

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Fri, 06 Mar 1998

JP/Members forget their chant

Members forget their chant JAKARTA (JP): The cry of "Merdeka!" (freedom) was a common and popular chant during the early days of independence.But Assembly members had to be cajoled and reminded of this revolutionary chant yesterday before they responded.

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Fri, 06 Mar 1998

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on March 5, 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo ...

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Fri, 06 Mar 1998

JP/RI won't send sick athletes to England

RI won't send sick athletes to England JAKARTA (JP): The Badminton Association of Indonesia will not send sick or unprepared athletes to the All England Badminton Championships, according to men's doubles coach Atik Djauhari.

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Fri, 06 Mar 1998

JP/Jazz bar offers place to unwind

Jazz bar offers place to unwind JAKARTA (JP): Are you desperately trying to cast the cliche "crisis" from your exhausted mind?A night out on the town can help forget worries, but the same tired faces and old tunes end up creating an even more depressing pall.

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Fri, 06 Mar 1998

JP/UI students convey their concerns to ABRI faction

UI students convey their concerns to ABRI faction JAKARTA (JP): The Armed Forces faction in the People's Consultative Assembly (MPR) met with student representatives of the University of Indonesia (UI) yesterday following several days of protests by students over the dire economic situation.

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Fri, 06 Mar 1998

JP/Economic crisis upsets students

Economic crisis upsets students KENDARI, South East Sulawesi: Out of 10,492 Haluoleo University students, 2,098 have discontinued their studies.The university's deputy rector in charge of student affairs, La Ode M. Arsyad Teno, said Thursday no students had given a reason.

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Fri, 06 Mar 1998

JP/Obituary

Obituary Abdullah Said, the founder and leader of 127 Hidayatullah Pesantren (Islamic boarding schools) with thousands of students across the country, died of complications from a stroke in Jakarta on Wednesday. He was 52.

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Fri, 06 Mar 1998

JP/'Ngeres Linu' tops 'jamu' stand sales

'Ngeres Linu' tops 'jamu' stand sales JAKARTA (JP): What is the most popular herbal concoction at the jamu stand at the House of Representatives building? Not surprisingly it is the Ngeres Linu brew which helps ease aches and stiffness.

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Fri, 06 Mar 1998

JP/Hartono's wife dodges hack pack

Hartono's wife dodges hack pack JAKARTA (JP): Outgoing Minister of Information R. Hartono was among the most sought-after Assembly members yesterday as journalists hounded him for comments on the case surrounding the cover of D&R magazine.

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Fri, 06 Mar 1998

JP/Help restore confidence

Help restore confidence President Soeharto is apparently looking to take something positive out of the present crisis.

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Fri, 06 Mar 1998

JP/Van, truck collide head on, killing 10

Van, truck collide head on, killing 10 UJUNGPANDANG, South Sulawesi: A speeding van hit a parked truck here on Thursday night, killing 10 people and severely injuring three others.

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Fri, 06 Mar 1998

JP/Many insurance clients cut dollar-based contracts

Many insurance clients cut dollar-based contracts JAKARTA (JP): Many insurance companies's clients have terminated their U.S. dollar-based insurance contracts to avoid the high increase in premiums resulting from the rupiah's sharp depreciation against the dollar.

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Fri, 06 Mar 1998

JP/Aliens and evil wizard a weekend treat for your eyes

Aliens and evil wizard a weekend treat for your eyes JAKARTA (JP): The sight of uniforms seemingly everywhere in the city may give you a slight case of the jitters.Time for tension release once again as we take a deep breath, and take in local movie offerings.

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Fri, 06 Mar 1998

JP/Lawsuit against Freeport dismissed

Lawsuit against Freeport dismissed JAKARTA: PT Freeport Indonesia and Freeport-McMoRan Copper & Gold Inc. (FCX) have welcomed a recent decision by the U.S. District Court in New Orleans, Louisiana, to dismiss with finality a third amended lawsuit against the companies.The lawsuit was filed by U.S.

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Fri, 06 Mar 1998

JP/False alarm over alleged starvation in Atauro

False alarm over alleged starvation in AtauroBy Dino Patti Djalal This is the first of two articles on the alleged starvation in Atauro islet in East Timor province.

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Fri, 06 Mar 1998

JP/TV today

TV todayTVRI 7:00 a.m. Morning News 7:30 Talk Show 8:00 Breaking News 8:10 Music 9:00 Breaking News 9:10 Profile: Paket Profil Pembangunan 9:27 Music 10:10 Talk Show 10:40 Music 11:00 TVRI News 11:15 Music 11:40 Profile: Paket Profil Politisi 12:00 p.m.

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Fri, 06 Mar 1998

JP/Patrols safeguard Jakarta, Tangerang

Patrols safeguard Jakarta, Tangerang TANGERANG (JP): Jakarta Garrison chief of staff Maj. Gen. Adam Damiri said here yesterday the capital and Tangerang were safe and under control despite a series of recent bomb threats at supermarkets, banks, office buildings and hospitals.

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Fri, 06 Mar 1998

JP/IMF-Plus: Crisis management (2)

IMF-Plus: Crisis management (2)By C.J. de Koning This is the second of two articles on the Indonesian financial crisis.

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Fri, 06 Mar 1998

JP/Conversion Rates

Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on March 5, 1998: Buying Selling Rp Rp U.S. dollar 1 9,250.00 11,250.

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Fri, 06 Mar 1998

JP/Govt to maintain ban on CPO exports: Tunky

Govt to maintain ban on CPO exports: Tunky JAKARTA (JP): The government stressed again yesterday that it would maintain its export ban on crude palm oil (CPO) and all its derivatives except stearin and palm kernel oil to secure the supply of cooking oil to the domestic market.

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Fri, 06 Mar 1998

JP/Govt to sue 'D&R' magazine for defaming Soeharto

Govt to sue 'D&R' magazine for defaming Soeharto JAKARTA (JP): Minister of Information R. Hartono said yesterday the government would sue Detektif dan Romantika (D&R) weekly over its controversial cover despite an apology from the magazine's executives."It's not that easy (to just apologize).

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Fri, 06 Mar 1998

JP/Seize snakes found dead

Seize snakes found dead SURABAYA: More than 90 percent of the 1,825 snakes seized last month by Juanda Airport authorities, due to a lack of proper export documents, were found dead because of poor packaging.

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Fri, 06 Mar 1998

JP/Hotel rates

Hotel rates I am writing in response to Mr. Moch. Norman's letter of Feb. 20, Hotel profiteering. Thank you for bringing the subject to our attention.

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Fri, 06 Mar 1998

JP/Golkar and ABRI committed to reform

Golkar and ABRI committed to reform JAKARTA (JP): The powerful Golkar and Armed Forces factions in the People's Consultative Assembly committed themselves yesterday to political reform, but agreed to opt for a slow pace of change.

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Fri, 06 Mar 1998

JP/PPP speech goes on and on and on

PPP speech goes on and on and on JAKARTA (JP): Despite being a minority faction, the United Development Party (PPP) Assembly members are certainly not shying away from making their voices heard.

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Fri, 06 Mar 1998

JP/Aussie envoy in Kalimantan

Aussie envoy in Kalimantan JAKARTA (JP): Australian Ambassador to Indonesia John McCarthy began a four-day visit to East Kalimantan yesterday to observe Australian mining projects in the area.

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Fri, 06 Mar 1998

JP/State Policy Guidelines

State Policy Guidelines The 1998/2003 State Policy Guidelines which the People's Consultative Assembly (MPR) will enact at the end of its current General Session are essentially more important than the question of who will be the president and vice president.

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Fri, 06 Mar 1998

JP/Rupiah staggers on market confusion over govt policies

Rupiah staggers on market confusion over govt policies JAKARTA (JP): The rupiah tumbled yesterday to break the psychologically sensitive 10,000 level on mounting confusion over the government's controversial currency board system plan and the fate of the International Monetary Fund's bailout ...

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Fri, 06 Mar 1998

JP/Public donates 194 kg gold

Public donates 194 kg gold JAKARTA (JP): The Ministry of Finance has collected 194,993.81 grams of gold through fund-raising to help the country overcome the monetary crisis, a ministry spokesman said yesterday.Agus Haryanto, the spokesman, said that besides gold, Rp 5.9 billion and US$418,233.

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Fri, 06 Mar 1998

JP/Garuda, Telkom sign deal

Garuda, Telkom sign deal JAKARTA (JP): State-owned airline Garuda Indonesia will offer a special rate to PT Telkom's employees and their families.

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Fri, 06 Mar 1998

JP/Businessman killed in 'revenge attack'

Businessman killed in 'revenge attack' JAKARTA (JP): A businessman was slashed to death with a machete and his friend severely wounded in a possible revenge attack at the victims' home in Pamulang, South Jakarta, police said yesterday.

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Fri, 06 Mar 1998

JP/BFC rating upgraded

BFC rating upgraded JAKARTA (JP): Indonesia's only rating agency PT Pemeringkat Efek Indonesia (Pefindo) has upgraded its long-term rating of Bakrie Finance Corporation (BFC) and its bonds to idB from idD.

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Fri, 06 Mar 1998

JP/Clinton's emissary

Clinton's emissary Oh no! What has the U.S. government done to Indonesia's troubles during the economic crisis? Sending Mondale as Clinton's top emissary is a new old-fashioned interference of the White House in Third World countries.

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Fri, 06 Mar 1998

JP/IMF reforms taking too long, says Aburizal

IMF reforms taking too long, says Aburizal JAKARTA (JP): Indonesia cannot afford to wait any longer for the IMF reform program to stabilize the ailing rupiah, the chairman of Indonesia's Chamber of Commerce and Industry said yesterday.

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Fri, 06 Mar 1998

JP/EU urges Indonesia to implement IMF program

EU urges Indonesia to implement IMF program JAKARTA (JP): The European Union (EU) yesterday joined international calls urging President Soeharto to wholeheartedly follow through with commitments to reform the country's economy under the International Monetary Fund's US$43 billion rescue package.

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Fri, 06 Mar 1998

JP/Tambang Timah moves into non-tin mining activities

Tambang Timah moves into non-tin mining activities JAKARTA (JP): Tin-mining firm PT Tambang Timah announced yesterday it would expand its mining operations into additional mineral resources.

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Fri, 06 Mar 1998

JP/Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Sculpture Exhibition: Jakarta Sculpture Triennial by 32 Artists from Yogyakarta, Bandung and Jakarta, at 10 a.m. to 9 p.m., Galeri Cipta II, Jl. Cikini Raya No. 73, until March 10.

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