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

Tue, 29 Sep 1998

JP/Economic woes force 12,000 W. Java students to drop out

Economic woes force 12,000 W. Java students to drop out JAKARTA (JP): Twelve thousand West Java elementary school students can no longer afford education, according to the head of the West Java education and culture office.

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Tue, 29 Sep 1998

JP/Soeharto's assets abroad 'must be seized'

Soeharto's assets abroad 'must be seized' JAKARTA (JP): A scholar and prominent critic of former president Soeharto, George Junus Aditjondro, urged the government on Monday to call on friendly foreign states to confiscate all assets in their countries linked to Soeharto.

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Tue, 29 Sep 1998

JP/Jakarta should not copy Malaysia's capital controls

Jakarta should not copy Malaysia's capital controlsBy Eddy Soeparno JAKARTA (JP): It is just amazing how an economist's views published in a magazine had a larger-than-life impact on a nation's economy and practically changed the course (and maybe fate?) of that nation in an increasingly global ...

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Tue, 29 Sep 1998

JP/Man faces four years in prison for scam

Man faces four years in prison for scam JAKARTA (JP): A prosecutor urged the Central Jakarta District Court on Monday to sentence a 50-year-old man to four years in prison for allegedly defrauding hospital donors of a total of Rp 815 million (US$74,090).

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Tue, 29 Sep 1998

JP/Government wants antimonopoly law in place by December

Government wants antimonopoly law in place by December JAKARTA (JP): The government is targeting to have an antimonopoly law on the books by the end of the year to foster healthier business competition in the country, an official said Monday.

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Tue, 29 Sep 1998

JP/World Bank

World BankCorrection: The figures represented in the table of "World Bank aid should not leak" on this page Monday should be in percentages instead of US$ billions. The third column under (a) Furniture should be 100-0, not 10-0. The second column under Total Project Costs should be 50-60, not 50-50.

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Tue, 29 Sep 1998

JP/Ex-owner of Bank Surya, government reach deal

Ex-owner of Bank Surya, government reach deal JAKARTA (JP): The country's financial authorities have signed a deal with the former owner of closed down Bank Surya to return Bank Indonesia's liquidity support, chairman of the Indonesian Bank Restructuring Agency (IBRA) Glenn S.

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Tue, 29 Sep 1998

JP/Two reporters to be questioned

Two reporters to be questioned YOGYAKARTA: Police planned on Monday to summon two reporters from the local Bernas daily as witnesses in their questioning of Soekardjo Wilardjito -- a former aide of Sukarno who claimed that the founding president was intimidated into relinquishing power to ...

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Tue, 29 Sep 1998

JP/Habibie approves Sultan's governorship

Habibie approves Sultan's governorship JAKARTA (JP): Yogyakarta's traditional monarch Sri Sultan Hamengkubuwono X has won the president's approval and will soon be installed as the new governor of the special province.

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Tue, 29 Sep 1998

JP/WB responsible for abused loans

WB responsible for abused loansBy Jeffrey A. Winters LONDON (JP): The current debate over the World Bank, corruption, and Indonesia has come down to a single key question: is the Bank justified in washing its hands of responsibility for the corruption of almost US$10 billion in Bank loan funds ...

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Tue, 29 Sep 1998

JP/Broken CT scanner puts death rate up

Broken CT scanner puts death rate up MANADO, North Sulawesi: The number of victims of traffic accidents who died of head injuries here increased by 50 percent after the CT scanner in the town's Malalayang Hospital broke down, Antara said on Monday.The news agency quoted resident neurologist Dr.

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Tue, 29 Sep 1998

JP/Open skies policy limited to charter flights only

Open skies policy limited to charter flights only JAKARTA (JP): The government's recent decision to allow international airlines to fly from their home bases to all major destinations in Indonesia is being limited to chartered flights and will not apply to scheduled services.

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Tue, 29 Sep 1998

JP/Yugoslavia denies accusations

Yugoslavia denies accusations It is appalling how much untruth and misinformation about Kosovo, as well as unfounded accusations and insults about Yugoslavia and the Yugoslav president are contained in such a brief article by The Washington Post published by The Jakarta Post in its column, "Other ...

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Tue, 29 Sep 1998

JP/Heavy security for mayoral election

Heavy security for mayoral election TANGERANG (JP): Tight security surrounded the Tangerang Legislative Council on Monday following rumors of a major demonstration before the mayoral election scheduled for Tuesday.

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Tue, 29 Sep 1998

JP/Requesting U.S. visa

Requesting U.S. visa Is America closed for young tourists from Indonesia? That is what I am wondering.My niece applied for a tourist visa to visit the States.

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Tue, 29 Sep 1998

JP/Mercure's inhouse training

Mercure's inhouse training JAKARTA (JP): Mercure Rekso Hotel Hayam Wuruk recently held a three-week training program to improve the skills of its 250 employees.Mercure's public relation manager Mirna A.

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Tue, 29 Sep 1998

JP/Modest festival showcases quality pieces for art lovers

Modest festival showcases quality pieces for art loversBy Stevie Emilia and Yudha Kartohadiprodjo JAKARTA (JP): Dances and music performed by renowned artists at the Indonesian Art Summit II have been able to help some Jakartans forget the rat race of the economic crisis.

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Tue, 29 Sep 1998

JP/Rupiah closes firmer against U.S. dollar

Rupiah closes firmer against U.S. dollar JAKARTA (JP): The rupiah closed slightly firmer at 10,875 against the U.S. dollar on Monday, with positive sentiment from disbursement of International Monetary Fund loans tempered by fears of renewed unrest.

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Tue, 29 Sep 1998

JP/Conversion Rates

Conversion Rates JAKARTA (JP): Bank Bali's bank notes conversion rates on Sept. 28, 1998: Buying Selling Rp Rp U.S.

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Tue, 29 Sep 1998

JP/Lawyer criticizes bankruptcy fee

Lawyer criticizes bankruptcy fee JAKARTA (JP): A corporate lawyer has criticized a justice ministry decision to impose a 3 percent commission fee for administrators and a 2 percent fee for curators in bankruptcy cases.

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Tue, 29 Sep 1998

JP/Can't Indonesians enjoy own country?

Can't Indonesians enjoy own country? I had two weeks annual leave from my job and wanted to take my child away for one weekend. I had saved for this all year. I thought that this trip might also help the tourism trade in a small way.

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Tue, 29 Sep 1998

JP/Avoid dependency on foreign capital

Avoid dependency on foreign capital The year long economic crisis is getting worse, despite the reform measures prescribed by the International Monetary Fund (IMF). Economist Kwik Kian Gie looks at the elements behind the crisis.

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Tue, 29 Sep 1998

JP/Faulty bank owners 'banned from banking'

Faulty bank owners 'banned from banking' JAKARTA (JP): Former owners of suspended and nationalized banks will be barred from reentering the banking industry if it's proven they've committed banking crimes, according to a director of the central bank.

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Tue, 29 Sep 1998

JP/Rates for Tax Payment

Rates for Tax Payment JAKARTA (JP): The new official conversion rates as the basis for payment of import duty, value-added tax on goods and services, sales tax on luxury goods, export tax and income tax, valid from Sept. 28 to Oct. 4 : U.S. dollar 1 Rp 10,500.

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Tue, 29 Sep 1998

JP/Hopewell Holdings Limited

Hopewell Holdings Limited We refer to your article on Sept. 24, 1998 headlined PLN welcomes Hopewell decision on Tanjung Jati, in which it said "Hopewell holds an 80 percent stake in PT CEPA Indonesia, the owner of the project.

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Tue, 29 Sep 1998

JP/Art Summit schedule of performances

Art Summit schedule of performancesPerformance Schedule: Sept. 29-30: Theater, Suku Naga (Dragon Tribe), Bengkel Teater Rendra (Indonesia), Taman Ismail Marzuki (TIM), Jl. Cikini Raya 73, Central Jakarta (Phone: 3154087). Oct. 1-2: Ballet, Also Egmont, Bitte.

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Tue, 29 Sep 1998

JP/South Korean manager nabbed

South Korean manager nabbed JAKARTA (JP): Immigration officers have arrested a South Korean man who worked as a restaurant manager in Bitung district, Tangerang, for violating his immigration permit.

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Tue, 29 Sep 1998

JP/Donation from expatriate

Donation from expatriate I am writing this open letter as a German expatriate who has lived in Indonesia for 15 months. During this time I have already experienced the good and the bad times.

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Tue, 29 Sep 1998

JP/Sutiyoso to make more visit to slum areas

Sutiyoso to make more visit to slum areas JAKARTA (JP): Disappointed by the excessive preparation of local officials, Governor Sutiyoso has decided to make impromptu visits to the city's slum areas in an attempt to see the reality of the conditions people are living in.

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Tue, 29 Sep 1998

JP/Bob Hasan told to return $2.04b in forestry fees

Bob Hasan told to return $2.04b in forestry fees JAKARTA (JP): A breakaway reform group of the Indonesian Forestry Society (MPI) is demanding that timber tycoon Mohamad "Bob" Hasan return US$2.04 billion he collected in forestry fees from 1991 to 1997.

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Tue, 29 Sep 1998

JP/'Fun run' to help cancer research

'Fun run' to help cancer research JAKARTA (JP): The Regent Jakarta Hotel, in cooperation with the Indonesian Cancer Foundation and the Canadian Embassy, is scheduled to hold its fourth annual Terry Fox Run on Oct. 11 with the aim of raising funds for cancer research.

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Tue, 29 Sep 1998

JP/Schoolchildren get cash to buy food

Schoolchildren get cash to buy food JAKARTA (JP): The city administration will provide funds for the purchase of nutritious foods to 38,000 Jakarta elementary school students living below the poverty line.

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Tue, 29 Sep 1998

JP/Ghafar's statment 'unethical'

Ghafar's statment 'unethical' JAKARTA (JP): Legislators and Moslem leaders have returned in kind the tirade from Malaysian politician Tun Ghafar Baba, admonishing him for going too far in roasting the Indonesian media for their coverage of Anwar Ibrahim.

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Tue, 29 Sep 1998

JP/Survey reveals ABRI's poor public image

Survey reveals ABRI's poor public image JAKARTA (JP): After a recent storm of public condemnation over past alleged human rights violations, the Armed Forces (ABRI) took another blow on Monday when an independent survey found its public image wanting.

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Tue, 29 Sep 1998

JP/The government's PDI dilemma

The government's PDI dilemma There are signs that the government is deliberately making it difficult for the Indonesian Democratic Party (PDI) under the leadership of Megawati Soekarnoputri to obtain a permit to hold a congress.

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Tue, 29 Sep 1998

JP/Crisis to greet Germany's 'Herr Blair'

Crisis to greet Germany's 'Herr Blair'By Gwynne Dyer LONDON (JP): "The audience's fatigue won out," wrote Munich's Sueddeutsche Zeitung on Sunday night as German Chancellor Helmut Kohl went down to defeat.

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Tue, 29 Sep 1998

JP/State firms should lead economic recovery: Minister

State firms should lead economic recovery: Minister YOGYAKARTA (JP): The 164 state firms should become the powerhouse to propel the country through its worst economic crisis in decades, a minister said on Monday.

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Tue, 29 Sep 1998

JP/U.S. politics

U.S. politics As the watching world faces economic crisis, the last superpower has turned inward, choosing to torture its own leader rather than face real policy decisions. This obsessive interest does not only betray the outside world, it subverts the very ideals of the United States.

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Tue, 29 Sep 1998

JP/Govt may raise direct international call rates

Govt may raise direct international call rates JAKARTA (JP): The government is considering increasing the rates for international telephone calls in order to keep the state-owned telecommunications company, PT Indosat, healthy, a government official has said.

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Tue, 29 Sep 1998

JP/Military police involvement in robbery denied

Military police involvement in robbery denied JAKARTA (JP): Jakarta Military Police Commander Col. Hendardji has denied his personnel played any role in a robbery at an amusement center in Pluit, North Jakarta, late on Saturday.

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Tue, 29 Sep 1998

JP/Schroeder's victory

Schroeder's victory After weeks of election campaigning by veteran leader Chancellor Helmut Kohl of the Christian Democratic Union (CDU) and challenger Gerhard Schroeder of the Social Democratic Party (SPD), the majority of the German people on Sunday chose Schroeder, 54, as the man they wanted ...

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Tue, 29 Sep 1998

JP/PDI to help police safeguard Greater Jakarta

PDI to help police safeguard Greater Jakarta JAKARTA (JP): The Jakarta chapter of the Indonesian Democratic Party (PDI) on Monday expressed its readiness to cooperate with the city police in efforts to safeguard the Greater Jakarta area, the chapter's chairman Roy B.B. Janis said.

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Tue, 29 Sep 1998

JP/Sutiyoso opens Kalibesar Fair

Sutiyoso opens Kalibesar Fair JAKARTA (JP): Governor Sutiyoso has launched the Kalibesar Fair in downtown Kota, West Jakarta, marking the beginning of the revitalization of old buildings in an area popularly known as the old city.

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Tue, 29 Sep 1998

JP/Habibie's son heading trade delgation to Taiwan: Official

Habibie's son heading trade delgation to Taiwan: Official JAKARTA (JP): Former U.S. secretary of state Warren Christopher met President B.J. Habibie on Monday to discuss the US$2.43 billion Paiton power project.

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Tue, 29 Sep 1998

JP/PGN to open country's longest gaspipline later this week

PGN to open country's longest gaspipline later this week JAKARTA (JP): The state gas distribution company Perusahaan Gas Negara (PGN) will start operating the country's longest gas pipeline in central Sumatra on Thursday.

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Tue, 29 Sep 1998

JP/No govt recognition of faction needed: Megawati

No govt recognition of faction needed: Megawati JAKARTA (JP): Megawati Soekarnoputri said on Monday that her faction of the Indonesian Democratic Party (PDI) no longer required the government's legal recognition and that she would continue with a planned party congress in Bali.

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Tue, 29 Sep 1998

JP/TV Program: Tuesday, Sept. 29, 1998

TV Program: Tuesday, Sept. 29, 1998TVRI 2:00 p.m. News: Berita 14 2:35 Children's Film: The Big Valley 3:05 Children's Program: Pentas Anak 3:30 Village Program 4:00 Regional News 4:30 Music: Lagu Pop Daerah 5:00 English Lessons 5:30 Documentary: Peninggalan Sriwijaya 6:00 News: ...

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Tue, 29 Sep 1998

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Sept. 28, 1998: --------------------------------------------------------- Shares Close Change Trading Volume ...

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Tue, 29 Sep 1998

JP/Redesigning Indonesia's corporate jungle

Redesigning Indonesia's corporate jungleBy Michael Sinjorgo This is the second of two articles on coping with the challenges facing Indonesian companies during the economic crisis.

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Tue, 29 Sep 1998

JP/Forkot denies communist links, says no demo planned

Forkot denies communist links, says no demo planned JAKARTA (JP): Forum Kota (Forkot), a loose association of students from 39 colleges in Jakarta, has denied accusations that it is communist-inspired and that it has planned to stage massive street demonstrations nationwide on Sept. 30.

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Tue, 29 Sep 1998

JP/Rendra to stage 'Dragon Tribe'

Rendra to stage 'Dragon Tribe' JAKARTA (JP): A foreign company has just set up a joint venture in a country called Astinam to work on a mining project located near the Seloka Valley, home to the indigenous Suku Naga, (the Dragon Tribe).

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Tue, 29 Sep 1998

JP/Where to go in Bandung for Tuesday, Sept. 29, 1998

Where to go in Bandung for Tuesday, Sept. 29, 1998Exhibitions * Children's Drawings: International Price Winning Pictures from Bavaria (1997), at the Goethe-Institut Bandung, Jl. Martadinata 48 (Phone: 022 436440), 9 a.m. to 5 p.m., until Oct. 19.

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