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

Fri, 24 Apr 1998

JP/Stop forest fires

Stop forest fires The state minister of environment has said that 65 percent of the fires now burning in East Kalimantan are the responsibility of timber and plantation companies. These fires are illegal.

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Fri, 24 Apr 1998

JP/Tanri will keep his eye on 159 state companies

Tanri will keep his eye on 159 state companies JAKARTA (JP): State Minister of the Empowerment of State Enterprises Tanri Abeng will be fully responsible for overseeing the management of the country's 159 government-owned firms, it was announced yesterday.

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Fri, 24 Apr 1998

JP/Conversion Rates

Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on April 23, 1998: Buying Selling Rp Rp U.S dollar 1 7,500.00 8,500.

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Fri, 24 Apr 1998

JP/Suspect in wife's murder in hospital

Suspect in wife's murder in hospital BEKASI (JP): A man in custody for allegedly killing his wife two weeks ago is being treated for mental illness at Kramat Jati Police Hospital in East Jakarta, police said.

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Fri, 24 Apr 1998

JP/Cultural freedom

Cultural freedom The opera house inaugurated by President Soeharto in Jakarta on Monday is said to be world-class.

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Fri, 24 Apr 1998

JP/12 teams to take part in auto racing c'ship

12 teams to take part in auto racing c'ship JAKARTA (JP): Twelve teams have confirmed their participation for the opening of the national Formula Asia auto racing championship series on May 3 at Sentul circuit in Bogor, West Java, the race coordinator said yesterday.

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Fri, 24 Apr 1998

JP/Remaining 'Bajaj' crash victims found

Remaining 'Bajaj' crash victims found JAKARTA (JP): Bodies of the last two passengers missing after a bajaj (three-wheeled taxi) was hit by a train and plunged into a canal in Petamburan on Tuesday evening were found yesterday, bringing the death toll from the accident to four.

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Fri, 24 Apr 1998

JP/TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:30 Music 2:35 Cartoon: Tom and Jerry Kids 3:05 Children's Program: Bermain Musik 3:30 Village Program 4:00 Regional News 4:30 Performance: Cakrawala Budaya 5:00 Music: Paket 27 5:30 Education Quiz: Cepat Tepat 6:00 News: Lintasan Berita ...

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Fri, 24 Apr 1998

JP/Two more commit suicide by drinking insecticide

Two more commit suicide by drinking insecticide JAKARTA (JP): An 18-year-old student and a 39-year-old woman have committed suicide by drinking insecticide, raising the number of suicides to 47 over the past four months.

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Fri, 24 Apr 1998

JP/ADB assists fight against malaria

ADB assists fight against malaria BANJARMASIN, S. Kalimantan: The Asian Development Bank (ADB) has earmarked Rp 460 million for the construction of a center to assist in the province's fight against malaria.

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Fri, 24 Apr 1998

JP/RI climbers reach Asian X Games finals

RI climbers reach Asian X Games finals PHUKET, Thailand (JP): Indonesia's Ronald Mamarimbing and Yuyun Yuniar have reached the final of the wall climbing difficulty event in the Asian X Games.

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Fri, 24 Apr 1998

JP/Low-lending rates proposed to aid agribusiness

Low-lending rates proposed to aid agribusiness JAKARTA (JP): Minister of Agriculture Justika Sjarifudin Baharsjah urged the central bank yesterday to lower lending rates charged on farming activities to encourage businesspeople to invest in the agribusiness sector.

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Fri, 24 Apr 1998

JP/Japanese 'Karawitan' wizard rich but unhappy

Japanese 'Karawitan' wizard rich but unhappyBy Sri Wahyuni YOGYAKARTA (JP): One of the handful of lucky people benefiting from the current monetary crisis, which hit the country 10 months ago, is KRT Wasitodiningrat, a Javanese karawitan maestro.

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Fri, 24 Apr 1998

JP/Govt may reveal names of large debtor companies

Govt may reveal names of large debtor companies JAKARTA (JP): The government may in future disclose the names of corporates with large foreign debts to provide more transparency, Finance Minister Fuad Bawazier has said.

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Fri, 24 Apr 1998

JP/Missing activist 'found' in police cell

Missing activist 'found' in police cell JAKARTA (JP): Student activist Andi Arief, who went missing last month, has been found in detention at the National Police Headquarters and claims he was abducted, his lawyer said yesterday.

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Fri, 24 Apr 1998

JP/Council to hold discussion on traffic sticker scheme

Council to hold discussion on traffic sticker scheme JAKARTA (JP): The City Council announced yesterday it would invite critics of the highly controversial traffic sticker system for input before it seals the plan with a bylaw.

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Fri, 24 Apr 1998

JP/Aussie naval ships arrive in Ambon

Aussie naval ships arrive in Ambon JAKARTA: Australian naval ships HMAS Launceston and HMAS Wollongong arrived in Ambon yesterday for the annual pilgrimage of Gull Force veterans who fought in the region during World War II, Antara reported.

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Fri, 24 Apr 1998

JP/Indonesia accepts UN statement on East Timor

Indonesia accepts UN statement on East Timor JAKARTA (JP): Minister of Foreign Affairs Ali Alatas accepted a statement on East Timor issued by the chairman of the United Nations' Commission on Human Rights yesterday.

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Fri, 24 Apr 1998

JP/Journalists told to become more professional

Journalists told to become more professional JAKARTA (JP): Despite a government promise not to revoke publishing licenses, the media will remain vulnerable to legal action unless it improves its professionalism, the Indonesian Journalists Association (PWI) warned here yesterday.

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Fri, 24 Apr 1998

JP/Minister pledges end to PLN row with contractors

Minister pledges end to PLN row with contractors JAKARTA (JP): Minister of Mines and Energy Kuntoro Mangkusubroto has assured that state electricity company PLN will soon settle its dispute with its gas contractors, including PT Arco Indonesia, over gas payments soon.

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Fri, 24 Apr 1998

JP/Student protests continue, violence mars several

Student protests continue, violence mars several JAKARTA (JP): University students here and in many other cities plugged on with their demands for an end to the economic crisis and comprehensive reforms in more demonstrations yesterday.

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Fri, 24 Apr 1998

JP/Italian and his wife fall victim to taxi robbery

Italian and his wife fall victim to taxi robbery JAKARTA (JP): An Italian and his Indonesian wife were robbed and assaulted early Wednesday morning in the latest in a spate of robberies involving taxi drivers working in tandem with criminals, police said."When they reached Jl.

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Fri, 24 Apr 1998

JP/Yogya art on display in Jakarta

Yogya art on display in Jakarta JAKARTA (JP): Entering the World Trade Center, you are greeted by sculptures of wood, iron and gypsum showing monster-like people. Paintings and screenprints are also part of the works of 81 artists currently exhibiting at the center.

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Fri, 24 Apr 1998

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on April 23, 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo ...

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Fri, 24 Apr 1998

JP/Quake rocks Manokwari

Quake rocks Manokwari JAYAPURA, Irian Jaya: An earthquake measuring 4.6 on the open- ended Richter scale jolted Manokwari district in Irian Jaya early yesterday.

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Fri, 24 Apr 1998

JP/Habibie welcomes UAE purchase of CN-235 planes

Habibie welcomes UAE purchase of CN-235 planes JAKARTA (JP): Vice President B.J. Habibie welcomed yesterday the United Arab Emirates (UAE) decision to purchase four CN-235 aircraft from Indonesia.Habibie told visiting UAE Navy Commander Brig. Gen.

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Fri, 24 Apr 1998

JP/Surya trading suspended

Surya trading suspended JAKARTA (JP): The management of the Jakarta Stock Exchange (JSX) has decided to indefinitely suspend trading in Bank Surya stock until its shareholders or the government decide on its status.

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Fri, 24 Apr 1998

JP/Quirimit wins 7th stage of Tour of the Philippines

Quirimit wins 7th stage of Tour of the Philippines SAN JOSE CITY, Philippines (Agencies): Arnel Quirimit of the Philippines national team led the way home for breakaway partner Carlo Guieb of Northern Luzon to win the 7th stage and moves just 53 seconds behind general classification leader and ...

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Fri, 24 Apr 1998

JP/Stripes betray 'army' playboy

Stripes betray 'army' playboy JAKARTA (JP): A 24-year-old jobless man posing as an Army special force (Kopassus) member had his love adventure abruptly ended because the military stripes he attached upside down on his sleeves eventually betrayed him.

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Fri, 24 Apr 1998

JP/Govt calls for blood for dengue sufferers

Govt calls for blood for dengue sufferers JAKARTA (JP): Alarmed by the rising death toll in the nationwide dengue fever outbreak, government officials made a fresh call yesterday for the public to donate blood.Dengue fever has particularly affected Java and South Sulawesi.

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Fri, 24 Apr 1998

JP/PT Indosat cancels investments

PT Indosat cancels investments JAKARTA (JP): PT Indosat has canceled investments in Southeast Asia and Europe and will review all its investments in other telecommunications companies.

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Fri, 24 Apr 1998

JP/Astra reports losses of $34.8 million

Astra reports losses of $34.8 million JAKARTA (JP): Publicly-listed PT Astra International said yesterday that it suffered losses of Rp 278.7 billion (US$34.8 million) last year because of its increasing debt burden in rupiah terms.In 1996, Astra booked a net profit of Rp 469.45 billion.

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Fri, 24 Apr 1998

JP/PSSI asked to pay SEA Games debt to AFC

PSSI asked to pay SEA Games debt to AFC JAKARTA (JP): The National Sports Council ordered the All Indonesian Soccer Federation (PSSI) yesterday to pay its US$58,384 debt from the 19th Southeast Asian Games organizers to the Asian Football Confederation (AFC).

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Fri, 24 Apr 1998

JP/Drug dealer arrested at hospital

Drug dealer arrested at hospital JAKARTA (JP): City police have arrested an alleged drug dealer who sold marijuana to plainclothes officers in the parking lot of Harapan Kita Hospital, West Jakarta, an officer said yesterday.Head of the city police narcotics unit Lt. Col.

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Fri, 24 Apr 1998

JP/Baby found in plastic bag

Baby found in plastic bag JAKARTA (JP): Two men looking for worms for bait found a decomposed body of a baby in a trash dump in Cengkareng, West Jakarta, Wednesday, a media report said yesterday.Police said the female baby's remains, found in a black plastic bag at about 8 a.m.

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Fri, 24 Apr 1998

JP/Summarecon objects freezing of its accounts

Summarecon objects freezing of its accounts JAKARTA (JP): Publicly listed property developer PT Summarecon Agung has reported to the Capital Market Supervisory Agency what it claims is the unlawful freezing of its accounts at several banks and the confiscation of its automobiles by the police.

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Fri, 24 Apr 1998

JP/Short-term intervention sought to defuse crisis

Short-term intervention sought to defuse crisis JAKARTA (JP): Leading experts from various disciplines proposed a number of short-term government interventions which would help alleviate the suffering of the poor yesterday.

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Fri, 24 Apr 1998

JP/Jakarta down, other Asian stock markets close mixed

Jakarta down, other Asian stock markets close mixed JAKARTA (JP): Stock prices on the Jakarta Stock Exchange (JSX) closed 1.8 percent lower yesterday, driven by a fall in large-cap shares as the bearish trend continued despite the government's apparent commitment to economic reforms.

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Fri, 24 Apr 1998

JP/Colijn's hands 'were not clean'

Colijn's hands 'were not clean'By A. Santoso AMSTERDAM (JP): A wave of public shock has engulfed the Netherlands after a historian revealed last week that one of the most prominent Dutch statesmen, a former prime minister, diplomat and popular Christian leader, was directly involved in ...

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Fri, 24 Apr 1998

JP/Govt considers permanent lodgings in Saudi Arabia

Govt considers permanent lodgings in Saudi Arabia JAKARTA (JP): The government will explore the possibility of providing Indonesian haj pilgrims with permanent lodgings in Mecca and Medina in Saudi Arabia, Minister of Religious Affairs Quraish Shihab said yesterday.

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Fri, 24 Apr 1998

JP/UI students call for MPR special session

UI students call for MPR special session JAKARTA (JP): A group of University of Indonesia postgraduate students called on the People's Consultative Assembly (MPR) to convene a special meeting to revoke its recent decree which grants President Soeharto extra powers.

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Fri, 24 Apr 1998

JP/Astra Agro projects 200% profit rise

Astra Agro projects 200% profit rise JAKARTA (JP): PT Astra Agro Lestari, a plantation subsidiary of the country's largest automaker PT Astra International, projected yesterday a nearly 200 percent increase in net profit this year, to Rp 270 billion (US$33.75 million) from Rp 90.6 billion in 1997.

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Fri, 24 Apr 1998

JP/Something is stirring in China

Something is stirring in China Nine years after it crushed the democracy movement in Tienanmen Square, China's leadership seems to be loosening its stranglehold on political dissent ever so slightly.

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Fri, 24 Apr 1998

JP/Four-way talks on Asian security more than a pipe dream

Four-way talks on Asian security more than a pipe dreamBy Edward Neilan Summit among U.S., Japan, China and Russia would remove some lingering cobwebs at century's end.

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Fri, 24 Apr 1998

JP/Cooking oil producers off CPO supply list

Cooking oil producers off CPO supply list JAKARTA (JP): Minister of Forestry and Plantations Sumahadi has appointed 14 refineries in Jakarta, Surabaya in East Java and Medan in North Sumatra to process crude palm oil (CPO) produced by state plantation companies PT Perkebunan Nusantara I ...

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Fri, 24 Apr 1998

JP/'Unjuk akal' not 'unjuk rasa'

'Unjuk akal' not 'unjuk rasa' From now on let's use the term unjuk akal (show of intelligence) instead of unjuk rasa (show of emotion), because the action (mass demonstrations) has been considered with deep thinking (using intellectual/rational intelligence) or akal, not just a mere burst of ...

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Fri, 24 Apr 1998

JP/PT Jamsostek denies it occupies land illegally

PT Jamsostek denies it occupies land illegally JAKARTA (JP): State-owned social security insurance company PT Jamsostek has denied allegations that it is illegally occupying land on Jl. Gatot Subroto, South Jakarta, where its two-tower project is being built.

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Fri, 24 Apr 1998

JP/Labor supplier in trouble

Labor supplier in trouble TANGERANG (JP): A labor recruiting company is in trouble for allegedly misusing a vocational training center in the posh Modernland housing complex to board 250 women seeking employment overseas.

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Fri, 24 Apr 1998

JP/BNI's net profit slumps by 5.9%

BNI's net profit slumps by 5.9% JAKARTA (JP): State Bank Negara Indonesia (BNI) announced a fall in net profits to Rp 315.23 billion (US$39.39 million) yesterday, a 5.9 percent decline on profits of Rp 335.13 billion made the previous year.

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Fri, 24 Apr 1998

JP/Discussion on good and bad

Discussion on good and bad JAKARTA (JP): Sisters, a nonprofit organization dedicated to providing a greater understanding of Islam for the capital's English-speaking community, will hold a discussion titled 'Good and Bad, What does Islam Say?' tomorrow.

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Fri, 24 Apr 1998

JP/Time to end the colonial plantation legacy

Time to end the colonial plantation legacy The government plans to privatize a number of state enterprises and has named a government plantation group among them. Dr. H.S.

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