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

Tue, 08 Sep 1998

JP/Investors advised to pull out of local stock market

Investors advised to pull out of local stock market SEMARANG (JP): Stock market analyst Hasan Zein Machmud advised investors here on Monday to pull their investments out of the battered local stock market because of its high risks.

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Tue, 08 Sep 1998

JP/Support voiced for E. Timor reconciliation dialog

Support voiced for E. Timor reconciliation dialog JAKARTA (JP): East Timor Governor Abilio Jose Osorio Soares expressed support on Monday for a reconciliation dialog planned by Dili Bishop Carlos Felipe Ximenes Belo and Baucau Bishop Basilio do Nascimento for Sept. 10 and Sept. 11.

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Tue, 08 Sep 1998

JP/Toward a reconciliation

Toward a reconciliation Demands are growing that (former president) Soeharto be put on trial, not to mention the calls for him to account for his past policies in the scheduled special session of the People's Consultative Assembly.

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Tue, 08 Sep 1998

JP/Reduction in air services may cause famine in Irian Jaya

Reduction in air services may cause famine in Irian Jaya JAKARTA (JP): An official has warned Irian Jaya, especially Jayawijaya regency, could suffer a repeat of last year's famine because ample food stocks may be depleted by the grounding of commercial and missionary airline flights during the ...

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Tue, 08 Sep 1998

JP/Policeman stabbed to death in Medan

Policeman stabbed to death in Medan MEDAN, North Sumatra: Donald Simanjuntak, a police corporal in Percut Sei Tuan district here, was stabbed to death in a robbery on Friday.Lt. Col.

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Tue, 08 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. 7 to Sept. 13: U.S. dollar 1 Rp 10,805.

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Tue, 08 Sep 1998

JP/Phone installation discounted

Phone installation discounted JAKARTA (JP): State telecommunications company PT Telkom has discounted new telephone installation in the Greater Jakarta area, Purwakarta and Serang by 53 percent, one of the firm's officials said.

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Tue, 08 Sep 1998

JP/PDAM Jaya told to rework its agreements with foreign firms

PDAM Jaya told to rework its agreements with foreign firms JAKARTA (JP): City Council on Monday demanded the city-owned water company PDAM Jaya revise its cooperation agreement with joint venture partners Pam Lyonnaise Jaya (Palyja) and Thames Pam Jaya (TPJ).

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Tue, 08 Sep 1998

JP/ABRI's dual function: Interference or assistance?

ABRI's dual function: Interference or assistance?By J. Soedjati Djiwandono This is the first of three articles in a series on the dual function of the Indonesian Armed Forces (ABRI).

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Tue, 08 Sep 1998

JP/Attorney General says he believes Soeharto's denial

Attorney General says he believes Soeharto's denial JAKARTA (JP): Attorney General Andi Muhammad Ghalib said on Monday that he believed the public denial by ousted president Soeharto against allegations that he had accumulated a fortune worth trillions of rupiah (hundreds of millions of ...

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Tue, 08 Sep 1998

JP/Govt acknowledges inability to provide education for all

Govt acknowledges inability to provide education for all JAKARTA (JP): The government has admitted it has been unable to provide education for all as stipulated by the Constitution, especially now with the worsening economy.

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Tue, 08 Sep 1998

JP/NU rejects Lia's claim

NU rejects Lia's claim SURABAYA, East Java: The board of Nahdlatul Ulama's East Java branch has rejected a recent claim by ascetic Lia Aminuddin that she is the reincarnation of the messianic Imam Mahdi.

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Tue, 08 Sep 1998

JP/Adequate food and business confidence a must

Adequate food and business confidence a mustBy Howard Dick MELBOURNE (JP): Flying an aircraft is much easier than piloting an economy. The vectors of aircraft speed, wind speed and turbulence can be precisely calculated to determine actual direction and speed over the ground.

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Tue, 08 Sep 1998

JP/Chinese and privileges

Chinese and privileges Ms. Donna K. Woodward, in her letter of Aug. 20, responding to my letter of July 31, did not address the very important question I asked about where she got the data from for her allegation that Chinese-Indonesians are privileged in the economic sector.

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Tue, 08 Sep 1998

JP/IMF to focus review on rice, debt issues

IMF to focus review on rice, debt issues JAKARTA (JP): The International Monetary Fund will focus this month's review of the country's reform program on lowering the price of rice and settling domestic debt of local corporations.

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Tue, 08 Sep 1998

JP/Bob Hasan questioned over bank scam

Bob Hasan questioned over bank scam JAKARTA (JP): Mohamad "Bob" Hasan, a close business associate of former president Soeharto, was formally named a suspect in an investigation into the misuse of central bank liquidity credits.

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Tue, 08 Sep 1998

JP/Policy on staple food confusing

Policy on staple food confusing The government has decided to let prices for most of the nine basic commodities to be determined by market forces. Economist Kwik Kian Gie discusses how this policy sits with the 1945 Constitution.

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Tue, 08 Sep 1998

JP/German composer to perform here

German composer to perform here JAKARTA (JP): A rare music performance blending Jazz Rock and classical compositions will be staged in Erasmus Huis on Jl. H.R. Rasuna Said, South Jakarta, at 7 p.m. on Thursday.

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Tue, 08 Sep 1998

JP/BA clarifies

BA clarifies We would like to refer the article which appeared in The Jakarta Post on Sunday, Aug. 30, Chipmunk roams free on BA flight, and wish to clarify the issue.

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Tue, 08 Sep 1998

JP/CHESS

CHESS We regret to announce that the chess quiz will not appear in today's paper due to problems with delivery.

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Tue, 08 Sep 1998

JP/Monash University's motives questioned

Monash University's motives questionedBy I. N. Cider As Monash university seeks Asian expansion questions arise concerning its motives.

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Tue, 08 Sep 1998

JP/Measures against official demanded

Measures against official demanded TANGERANG (JP): Bencongan villagers urged Tangerang regent Agus Djunara on Saturday to take stern action against a local regency official for his alleged involvement in the illegal sale of a four-hectare plot of land.

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Tue, 08 Sep 1998

JP/IPTN wins $5.5m contract to make Boeing-757 parts

IPTN wins $5.5m contract to make Boeing-757 parts JAKARTA (JP): State-owned aircraft manufacturer PT Industri Pesawat Terbang Nusantara (IPTN) has won a contract worth US$5.5 million to supply B-757 pressure bulkhead components to U.S giant Boeing Co.

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Tue, 08 Sep 1998

JP/Students back to DPR, insist Habibie quit

Students back to DPR, insist Habibie quit JAKARTA (JP): Students, who spearheaded the movement to remove Soeharto from the presidency earlier this year, took up where they left off on Monday and staged a vociferous demonstration at the House of Representatives (DPR) demanding President B.J.

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Tue, 08 Sep 1998

JP/Govt to review 50 toll road projects

Govt to review 50 toll road projects JAKARTA (JP): State-owned toll road operator PT Jasa Marga announced on Monday it would review 50 toll road projects to determine whether private firms had obtained contracts due to preferential treatment.

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Tue, 08 Sep 1998

JP/Dozens of building razed in Kebumen riot

Dozens of building razed in Kebumen riot JAKARTA (JP): At least 35 shops and warehouses and a truck were burned and dozens of other buildings badly damaged in a riot in the Central Java town of Kebumen on Monday.

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Tue, 08 Sep 1998

JP/TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:35 Children's Film: The Big Valley 3:05 Children's Program: Tunas 3:30 Village Program 4:00 Regional News 4:30 Music: Lagu Pop Daerah 5:00 English Lessons 5:30 Documentary: Jembatan Penghubung Nusantara 6:00 News: Lintasan Berita 6:05 ...

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Tue, 08 Sep 1998

JP/It's time for students to act

It's time for students to actFrom PelitaAfter 53 years of independence is it possible that as a nation we are not capable of managing the distribution of essential foodstuffs? It is not likely. What is lacking is perhaps an inner drive to do so, and an ability to control our passion.

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Tue, 08 Sep 1998

JP/Councilors call for dismissal of Dolog Jaya boss

Councilors call for dismissal of Dolog Jaya boss JAKARTA (JP): Councilors on Monday strongly urged Governor Sutiyoso to recommend the dismissal of the current chief of the Jakarta Logistics Agency (Dolog Jaya), Achmad Zawawi, for his failure to stop widespread fraud and malpractice associated ...

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Tue, 08 Sep 1998

JP/Public bus driver flees after accident

Public bus driver flees after accident JAKARTA (JP): At least two passengers were seriously wounded and some 30 others slightly injured when a Mayasari Bhakti bus hit a tree and overturned on Jl. Perintis Kemerdekaan in East Jakarta early Monday.

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Tue, 08 Sep 1998

JP/Jakarta High Court gets new chief

Jakarta High Court gets new chief JAKARTA (JP): Chief Justice Sarwata installed I. Gde Sudharta as head of Jakarta High Court on Monday, replacing Slamet Riyanto.The installation ceremony was held at the City Hall.Sarwata said the replacement was aimed at improving the performance of the court.

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Tue, 08 Sep 1998

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Sept. 7, 1998: Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 325 ...

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Tue, 08 Sep 1998

JP/MPR to impose limit on presidential term

MPR to impose limit on presidential term JAKARTA (JP): The five factions of the People's Consultative Assembly (MPR) agreed on Monday that the special Assembly session planned for November should impose a limitation on the presidential term and abolish the president's extraordinary power granted ...

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Tue, 08 Sep 1998

JP/Kim freed from all charges in bank scam case

Kim freed from all charges in bank scam case JAKARTA (JP): The East Jakarta District Court cleared businessman Kim Johanes Mulia on Monday of all charges of complicity in a scam over promissory notes worth Rp 150 billion (US$13.6 million).Presiding judge M.

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Tue, 08 Sep 1998

JP/Tyfountex workers want rebel staff fired

Tyfountex workers want rebel staff fired JAKARTA (JP): Following strikes last week by hundreds of workers of textile company PT Tyfountex Indonesia in Kartasura, Central Java, more than 500 out of around 6,000 workers who remain loyal to the company staged a counter-demonstration at the Ministry ...

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Tue, 08 Sep 1998

JP/Banking crisis: Who's to blame?

Banking crisis: Who's to blame?By Eddy Soeparno JAKARTA (JP): Many Indonesians find it difficult to accept that the economic crisis has changed their lifestyle -- as well as their status, notably from being employed to unemployed -- in a matter of months.

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Tue, 08 Sep 1998

JP/University recommends Supreme Advisory Board dissolution

University recommends Supreme Advisory Board dissolution YOGYAKARTA (JP): Gadjah Mada University has recommended the dissolution of the Supreme Advisory Board on the grounds that it overlapped with other state agencies.

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Tue, 08 Sep 1998

JP/Local people to decide on Aceh troop withdrawals

Local people to decide on Aceh troop withdrawals JAKARTA (JP): Armed Forces (ABRI) Chief of General Affairs Lt. Gen. Fachrul Razi said here Monday it would be up to the religious leaders and people of Aceh to decide when troop deployment should end in the province.

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Tue, 08 Sep 1998

JP/Govt urged to declare nation's top debtors

Govt urged to declare nation's top debtors JAKARTA (JP): The government should announce the names of the nation's top debtors and investigate if they were involved in improprieties which have brought the country's banking industry to its knees, a senior banking analyst said Monday.

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Tue, 08 Sep 1998

JP/Bankers interrogated

Bankers interrogated The daily parade of bankers, both owners and directors, arriving for interrogation at the National Police headquarters and Attorney General's Office since early this month has understandably dominated newspaper headlines.

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Tue, 08 Sep 1998

JP/IBRA will finish bank restructuring by December: Govt

IBRA will finish bank restructuring by December: Govt JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) is expected to complete its rehabilitation of the local commercial banks under its supervision by the end of this year, Minister of Finance Bambang Subianto said on Monday.

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Tue, 08 Sep 1998

JP/Rupiah, stocks rise on regional boost

Rupiah, stocks rise on regional boost JAKARTA (JP): Indonesia's rattled financial market showed uncharacteristic stability on Monday despite reports of a large student rally at the House of Representatives (DPR).

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Tue, 08 Sep 1998

JP/Man arrested for pickpocketing

Man arrested for pickpocketing JAKARTA (JP): A 31-year-old pickpocket was caught by a City Hall official on Monday for allegedly snatching the latter's mobile phone as he was about to get off a Kopaja minibus on Jl. Kebon Sirih in Central Jakarta.

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Tue, 08 Sep 1998

JP/Where to go in Bandung:

Where to go in Bandung:Music and Entertainment * Hotel Papandayan, Jl. Gatot Subroto No. 83 (Phone: 022 310799): - The Burangrang Lounge at 7 p.m. to 10 p.m.: Piano Solo, Monday. Jazz Duo, Tuesday. Piano Solo, Wednesday. Piano, Jazzy Voices, Thursday. Jazz Quartet, Friday.

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Tue, 08 Sep 1998

JP/KPC reclaims mining areas

KPC reclaims mining areas JAKARTA (JP): The country's largest coal mining company, PT Kaltim Prima Coal (KPC), has reclaimed 850 hectares of its former mining areas in Sangatta, East Kalimantan, in its effort to reforest the area.

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Tue, 08 Sep 1998

JP/Conversion Rates

Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on Sept. 7, 1998: Buying Selling Rp Rp U.S. dollar 1 10,600.00 11,100.

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Tue, 08 Sep 1998

JP/Security asked to stop agitators

Security asked to stop agitators BOGOR (JP): Hundreds of villagers from Rancamaya, Kertamaya, Bojong Kerta and Genteng near here asked local security officers on Monday to stop the actions of a group of men who continuously provoked people to take part in demonstrations.

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Tue, 08 Sep 1998

JP/Ananda fifth in Formula 3

Ananda fifth in Formula 3 JAKARTA (JP): Young Indonesian driver Ananda Mikola failed to improve his position in the Italian Formula Three championship after finishing fifth in the seventh race of the series at the Binetto circuit on Sunday.

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