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

Wed, 16 Sep 1998

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Sept. 15, 1998: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo ...

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Wed, 16 Sep 1998

World BankCorrection: The letter by Widijarto Adiwono published on Aug. 26 was incorrectly titled Will the WB be persecuted? The correct heading should be Will the WB be prosecuted? Also, in the last paragraph, the word persecuted should read prosecuted. We apologize for the errors.

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Wed, 16 Sep 1998

JP/Jordan and the Middle East

Jordan and the Middle East (Jordan's) Crown Prince Hassan, the regent, has effectively put an end to all speculations and assumptions about new pacts, alliances or axes in the Middle East to which Jordan would be party.

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Wed, 16 Sep 1998

JP/Clashes continue to rock cities around Indonesia

Clashes continue to rock cities around Indonesia JAKARTA (JP): The South Sulawesi town of Pinrang was rocked by clashes on Tuesday, while Surabaya in East Java and Dili in East Timor witnessed sporadic outbreaks of looting.

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Wed, 16 Sep 1998

JP/Lee reveals story behind success

Lee reveals story behind success JAKARTA (JP): The article on this page is an extract from a memoirs of Singapore's Senior Minister Lee Kuan Yew that will come out on Sept. 16 to coincide with Lee's 75th birthday.

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Wed, 16 Sep 1998

JP/Amien visits Kontras' 'camp of concern' at LBH

Amien visits Kontras' 'camp of concern' at LBH JAKARTA (JP): Amien Rais visited on Tuesday the "camp of concern" set up by families of missing activists and the independent Commission for Missing Persons and Victims of Violence (Kontras) on the grounds of the Indonesian Legal Aid Institute office ...

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Wed, 16 Sep 1998

JP/WB sets up team to address corruption in RI

WB sets up team to address corruption in RI JAKARTA (JP): The World Bank has set up two teams of experts consisting of its own staff and independent consultants to clean up corruption in Indonesia, especially that involving the bank's funds.

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Wed, 16 Sep 1998

JP/Players blamed for own goal in Tiger Cup match

Players blamed for own goal in Tiger Cup match JAKARTA (JP): The All Indonesia Soccer Federation (PSSI) concluded on Tuesday that two national team defenders responsible for a deliberate own goal in a crucial Tiger Cup match against Thailand recently had defied their coach's instructions.

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Wed, 16 Sep 1998

JP/Face responsibility to change

Face responsibility to change Even with all of the present scandal in Washington, I am still proud to be an American, not because America is always right, but because of its strong moral foundation and standards.

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Wed, 16 Sep 1998

JP/Monagro Kimia to export 40% of its production

Monagro Kimia to export 40% of its production JAKARTA (JP): Herbicide and pesticide producer PT Monagro Kimia announced on Tuesday that it planned to export 23 million liters, or 40 percent, of its production this year.

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Wed, 16 Sep 1998

JP/Pelindo cancels 13 projects linked to Soeharto's family

Pelindo cancels 13 projects linked to Soeharto's family JAKARTA (JP): The state-owned sea port operator PT Pelabuhan Indonesia II (Pelindo) said on Tuesday it had canceled 13 projects and planned to review several others linked to companies headed by former president Soeharto's family and ...

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Wed, 16 Sep 1998

JP/PowerGas, Pertamina deal

PowerGas, Pertamina deal JAKARTA (JP): State oil and gas company Pertamina signed on Tuesday in Singapore a memorandum of understanding (MOU) with Singapore's PowerGas, a subsidiary of Singapore Power, which will allow the latter to buy natural gas from the former's contractors.

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Wed, 16 Sep 1998

JP/Actions speak louder than words

Actions speak louder than words I am pleased that my article RI education system needs a revolution, published in two parts, Sept. 2 and Sept. 3, attracted some comments from readers (Freddy Kirana, Sept. 10, and S. Aungles, Sept. 12).It is a pity that S.

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Wed, 16 Sep 1998

JP/Senior Lee unaware he makes Singapore prosperous

Senior Lee unaware he makes Singapore prosperous Aug. 9, 1965, was a "moment of anguish" for all Singaporeans, who discovered suddenly that they had been cast off from the federation of Malaysia.

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Wed, 16 Sep 1998

JP/Rally participants face off with rivals

Rally participants face off with rivals TANGERANG (JP): More than 400 protesters demanding the resignation of Tangerang Mayor Djakaria Machmud were involved in a skirmish with supporters of Djakaria on Monday.

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Wed, 16 Sep 1998

JP/Rice production said to exceed target this year

Rice production said to exceed target this year JAKARTA (JP): Minister of Agriculture Soleh Solahuddin estimated on Tuesday that Indonesia's unhusked rice production this planting year would be 48.35 million metric tons, 4.5 percent higher than the government's initial target.

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Wed, 16 Sep 1998

JP/Stop screening film on 1965 coup: LBH

Stop screening film on 1965 coup: LBH YOGYAKARTA (JP): The Legal Aid Office here has urged Minister of Information Muhammad Yunus to stop requiring television stations to screen the film G-30 S/PKI on the September 1965 attempted coup before the facts concerning the event were clarified.

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Wed, 16 Sep 1998

JP/Preferential treatment in bank merger?

Preferential treatment in bank merger? There are two reasons why Bank Ekspor Impor Indonesia (Bank Exim) can be regarded as privileged. First, despite its financial difficulties, the bank has been granted additional capital to the tune of Rp 20 trillion in Bank Indonesia liquidity support.

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Wed, 16 Sep 1998

JP/Caltex seeks House' support for oil contract extension

Caltex seeks House' support for oil contract extension JAKARTA (JP): PT Caltex Pacific Indonesia (CPI), the country's largest private oil firm, sought support from the House of Representatives on Tuesday for its bid to extend its production sharing contract on the Coastal Plain Pakanbaru (CPP) ...

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Wed, 16 Sep 1998

JP/Free medical services available for the poor

Free medical services available for the poor JAKARTA (JP): Free maternity services and additional nutrition for babies are among facilities for the poor that are being funded by the International Monetary Fund (IMF) and the Asian Development Bank (ADB), Minister of Health Farid A.

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Wed, 16 Sep 1998

JP/BP MPR to be clean of ministers

BP MPR to be clean of ministers JAKARTA (JP): Golkar chairman Akbar Tandjung confirmed on Tuesday that a number of cabinet ministers from the ruling political organization would be removed from the Working Committee of the People's Consultative Assembly (MPR).

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Wed, 16 Sep 1998

JP/Davomas wants debt payment halted

Davomas wants debt payment halted JAKARTA (JP): Publicly listed cocoa producer PT Davomas Abadi is to ask Central Jakarta Commercial Court to suspend the payment of its US$3 million debt to American Express Bank.

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Wed, 16 Sep 1998

JP/'Wanita Indonesia' sued by ex-reporters

'Wanita Indonesia' sued by ex-reporters JAKARTA (JP): Seven former journalists of Wanita Indonesia tabloid have filed a lawsuit against the publication at the East Jakarta District Court for keeping their names in the masthead after their dismissal.

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Wed, 16 Sep 1998

JP/Stocks tumble almost 9 percent, rupiah firm

Stocks tumble almost 9 percent, rupiah firm JAKARTA (JP): The country's rattled stock market took another big hit on Tuesday sinking almost 9 percent, while the rupiah closed slightly firmer against the U.S. dollar, stock analysts and dealers said.

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Wed, 16 Sep 1998

JP/Delay of seat belt ruling applauded

Delay of seat belt ruling applauded JAKARTA (JP): The central government's decision to postpone the implementation of the regulation compelling people to wear seat belts in the front seats of vehicles has received a warm welcome from the public.

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Wed, 16 Sep 1998

JP/Rice importers to be named Thursday

Rice importers to be named Thursday JAKARTA (JP): The State Logistics Agency (Bulog) said on Tuesday that the winners of the agency's tender to import 600,000 metric tons of rice from China, Thailand, Vietnam and Myanmar would be announced on Thursday.

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Wed, 16 Sep 1998

JP/Ministers in MPR

Ministers in MPR In this current age of reform, politicians are judged by their sensitivity toward efforts to introduce a greater degree of democracy in the country.

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Wed, 16 Sep 1998

JP/Students step up street rallies despite warning

Students step up street rallies despite warning JAKARTA (JP): Ignoring a recent strong warning from the Armed Forces (ABRI), students in various cities held several rallies on Tuesday, including one near the presidential palace.

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Wed, 16 Sep 1998

JP/Questioning of Dolog chief Zamawi continues

Questioning of Dolog chief Zamawi continues JAKARTA (JP): The city police continued questioning the city's logistics agency (Dolog Jaya) head, Ahmad Zawawi, on Tuesday after the latter vomited and requested an adjournment in Monday's session.

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Wed, 16 Sep 1998

JP/A thought for the May rape victims

A thought for the May rape victimsBy Lynda Kurnia Wardhani JAKARTA (JP): The damnable, shameful and barbaric actions of a group of people on May 13 and May 14 in Indonesia's capital and other cities resulted not only in material losses due to looting and arson but, more seriously, they also ...

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Wed, 16 Sep 1998

JP/State pawnshop firm facing cash shortage

State pawnshop firm facing cash shortage JAKARTA (JP): The state-owned pawnshop company Perum Pegadaian has revealed it is facing a cash shortage which has forced over 270,000 people in the Greater Jakarta area to wait for loans they are due in exchange for pawned goods.

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Wed, 16 Sep 1998

JP/WWF upbeat on future of Lorentz National Park

WWF upbeat on future of Lorentz National Park JAKARTA (JP): The World Wild Fund (WWF) expressed on Tuesday its confidence that the government would not exploit the Lorentz National Park in Irian Jaya, which is rich in gold and copper deposits in addition to biodiversity.

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Wed, 16 Sep 1998

JP/Trisakti students launch reform tour

Trisakti students launch reform tour JAKARTA (JP): Forty Trisakti University students have begun a reform tour to 25 universities throughout the country to reignite the reform movement, for which four of their colleagues were killed last May.

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Wed, 16 Sep 1998

JP/On Viagra

On Viagra Regarding your article printed on Sunday Sept. 13 Team to decide on Viagra by November I ought to correct some miscommunication between your correspondent (by phone) and me.

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Wed, 16 Sep 1998

JP/Professional ethics vs legal interest in rape cases

Professional ethics vs legal interest in rape casesBy R. Diah Imaningrum MALANG, East Java (JP): Former minister of religious affairs A.

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Wed, 16 Sep 1998

JP/TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:30 Music 2:35 Children's Film: Silverhawks 3:05 TV Series: Daktari 4:00 Regional News 4:30 Teen Program: Remaja Indonesia 5:00 Teen Drama: Surat Kaleng 5:30 Documentary Film 6:05 Documentary: Rona Nusantara 6:15 Sports 6:30 TVRI News (in ...

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Wed, 16 Sep 1998

JP/Habibie sets up team to probe Soeharto's wealth

Habibie sets up team to probe Soeharto's wealth JAKARTA (JP): President B.J. Habibie ordered on Tuesday a special team to "directly examine" former president Soeharto over his recent statement that he did not have "a single cent" of savings overseas, as widely alleged.

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Wed, 16 Sep 1998

JP/Pawn shop's cash drained

Pawn shop's cash drained MAUMERE, East Nusa Tenggara (JP): A pawn shop in Sikka regency here has been running short of cash due to stiff demand for funds by people unable to get bank loans.

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Wed, 16 Sep 1998

JP/Unpaid wages prompt strike

Unpaid wages prompt strike BANYUMAS, Central Java (JP): Thousands of workers involved in government-sponsored labor-intensive projects have been on strike for a week here because they have yet to be paid their promised wages in rice.

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Wed, 16 Sep 1998

JP/Conversion Rates

Conversion Rates JAKARTA (JP): Bank Bali's bank notes conversion rates on Sept. 15, 1998: Buying Selling Rp Rp U.S.

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Wed, 16 Sep 1998

JP/World-class entertainment coming to Cities of Heroes

World-class entertainment coming to Cities of HeroesBy Sirikit Syah SURABAYA (JP): People in Surabaya will experience a slice of cultural life in October.

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Wed, 16 Sep 1998

JP/Government tells bankers to pay up or else

Government tells bankers to pay up or else JAKARTA (JP): Attorney General Andi M. Ghalib warned yesterday that the owners of commercial banks who had received massive government support credits could face prosecution if they failed to pay back all their loans by Monday.

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