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

Fri, 08 Oct 1999

JP/IBRA disputes PT Sempati Air appeal decision

IBRA disputes PT Sempati Air appeal decision JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) refuted on Thursday the Supreme Court's decision to sustain the lower court's bankruptcy verdict against PT Sempati Air.

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Fri, 08 Oct 1999

JP/HZ to take stake in Indocement

HZ to take stake in Indocement JAKARTA (JP): PT Indocement Tunggal Prakarsa, the country's leading cement producer, announced on Thursday that its two major shareholders have reached an agreement with the Heidelberger Zement Group (HZ) to sell a stake to the German company.

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Fri, 08 Oct 1999

JP/Politics intrudes on sports for Ananda

Politics intrudes on sports for Ananda JAKARTA (JP): The political situation in Indonesia spurred young driver Ananda Mikola to remove an "Indonesia on the move" banner from his car during the fifth race of the Formula 3000 at Misano circuit in Italy late September.

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Fri, 08 Oct 1999

JP/Two injured in fresh Ambon clash

Two injured in fresh Ambon clash AMBON, Maluku: At least two men suffered gunshot wounds as clashes between residents in Benteng Atas subdistrict here resumed on Wednesday.

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Fri, 08 Oct 1999

JP/The next vice president

The next vice president I would like to suggest to legislators, in the event they nominate the next vice president, a military or a police officer, a man or a woman who has absolutely no link, direct or indirect, with East Timor.

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Fri, 08 Oct 1999

JP/Australia shows a double standard

Australia shows a double standard It is now clear that proindependence guerrillas operating in East Timor for the past 24 years are well armed.

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Fri, 08 Oct 1999

JP/BII Finance wins appeal

BII Finance wins appeal JAKARTA (JP): The Supreme Court has upheld the Commercial Court's decision to reject a US$65 million bankruptcy petition filed by three foreign banks against local finance company PT BII Finance Center.

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Fri, 08 Oct 1999

JP/Ramayana ASEAN's shared identity

Ramayana ASEAN's shared identityBy Julianti Parani SINGAPORE (JP): The ASEAN Committee on Culture and Information (COCI) has launched many beneficial projects since its founding.

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Fri, 08 Oct 1999

JP/Sports council wants Golden Garuda in GBHN

Sports council wants Golden Garuda in GBHN JAKARTA (JP): The National Sports Council (KONI) aims to push for inclusion of its ambitious Golden Garuda project in the State Policy Guidelines (GBHN) to ensure the new government will support sports development in the country.

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Fri, 08 Oct 1999

JP/A case of cautious optimism about the new MPR speaker

A case of cautious optimism about the new MPR speakerBy Hidayat Jati JAKARTA (JP): The dynamics of Indonesian politics, a force unleashed in great momentum after the country was struck by the financial crisis in late 1997, continues to surprise observers and players alike.

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Fri, 08 Oct 1999

JP/Ministers questioned in bank scandal

Ministers questioned in bank scandal JAKARTA (JP): With the approval of President B.J. Habibie, the police questioned three Cabinet members as witnesses in the Bank Bali scandal, Minister/State Secretary Muladi said on Friday.

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Fri, 08 Oct 1999

JP/Religion not the issue

Religion not the issue Dewi Anggraeni's article Australia and Indonesia: Mutual confusion in the Oct.

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Fri, 08 Oct 1999

JP/Poverty a problem in Purworkerto

Poverty a problem in Purworkerto PURWOKERTO, Central Java: The number of families living below the poverty line in the regency is nearing 130,000, up from last year's figure of 119,688.

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Fri, 08 Oct 1999

JP/MPR prepares to formalize East Timor split

MPR prepares to formalize East Timor split JAKARTA (JP): An ad hoc committee in the People's Consultative Assembly indicated it had agreed to issue a decree which would formally separate East Timor from Indonesia.

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Fri, 08 Oct 1999

JP/Amien's recurring paradigm shift puzzling

Amien's recurring paradigm shift puzzlingBy Rahayu Ratnaningsih JAKARTA (JP): Amien Rais, recently elected Chairman of the People's Consultative Assembly by less than 50 percent of the votes (something worth noting for those keen on using the 'absolute majority' argument to stop Megawati ...

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Fri, 08 Oct 1999

JP/Drug rehab center turns away addicts

Drug rehab center turns away addicts BOGOR (JP): The management of Cilendek Psychiatric Health Institution in Bogor has decided to temporary stop accepting inpatients who are drug addicts due to a lack of available space and paramedics.

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Fri, 08 Oct 1999

JP/Welcome in Indonesia?

Welcome in Indonesia? As a foreign westerner husband of an Indonesian woman, I love this country and my family. However, in reality I don't feel welcome here because every six months I must leave my family to renew my visa.

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Fri, 08 Oct 1999

JP/Japan pursues hazardous technology

Japan pursues hazardous technology The nuclear accident on Sept. 30 at a uranium processing plant in Tokaimura north of Tokyo sent a shudder through a world that still remembers the nuclear catastrophe at Chernobyl.

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Fri, 08 Oct 1999

JP/Government stalling on Soeharto: Experts

Government stalling on Soeharto: Experts JAKARTA (JP): Prominent legal experts accused the government of stalling investigations into former President Soeharto because they themselves may be emotionally tied to the past regime. The investigations have now dragged on for eight months.

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Fri, 08 Oct 1999

JP/Prabowo wants to come home, says brother

Prabowo wants to come home, says brother JAKARTA (JP): Lt. Gen. (ret) Prabowo Subianto, the disgraced former chief of the Army's Special Forces (Kopassus), would like to return to Jakarta, but is heeding a request by "certain gentlemen" to remain abroad, his brother said on Thursday.

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Fri, 08 Oct 1999

JP/Samsung launches new cell phone

Samsung launches new cell phone JAKARTA (JP): South Korean electronics producer Samsung Electronics Indonesia launched on Thursday its new SGH 800 cellular phone.

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Fri, 08 Oct 1999

JP/Medan workers' protest goes on

Medan workers' protest goes on MEDAN, North Sumatra (JP): Hundreds of workers from 55 companies have flocked to the governor's office to demand reinstatement of a worker who was reportedly fired.

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Fri, 08 Oct 1999

JP/Peeking at Y2K projects' activities as the year 2000 nears

Peeking at Y2K projects' activities as the year 2000 nearsBy Sudama JAKARTA (JP): A few weeks ago I received a note from a company which stated that I had not paid my monthly bill.It was a bit of a surprise to me. So, I phoned the company, saying that I had already paid the bill through a bank.

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Fri, 08 Oct 1999

JP/Rights activists air concerns over East Timor rights tribunal

Rights activists air concerns over East Timor rights tribunal JAKARTA (JP): Human rights activists aired doubt on Thursday that the government-sanctioned commission of inquiry into East Timor would be able to thoroughly resolve alleged rights abuses in the troubled territory.

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Fri, 08 Oct 1999

JP/All's fair in love and war

All's fair in love and war PURBALINGGA, Central Java (JP): Two love sick elementary school teachers showed their pupils that fighting is okay as long as what is at stake is a woman.

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Fri, 08 Oct 1999

JP/Students urge MPR to abolish TNI's dual role

Students urge MPR to abolish TNI's dual role JAKARTA (JP): At least 300 students from various universities staged a peaceful rally on Thursday to urge newly elected legislators to abolish the dual role of the Indonesian Military and to prevent the Soeharto regime from returning to power.

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Fri, 08 Oct 1999

JP/Pick of the Flicks

Pick of the FlicksHollywood KC: The Sixth Sense 14:15 16:55 19:05 21:15 Arlington Road 14:55 17:35 19:45 21:55 Pushing Tin 14:15 16:55 19:05 21:15 The General's Daughter 14:55 17:35 19:45 21:55 Instinct ...

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Fri, 08 Oct 1999

JP/Uprooted Balinese want compensation

Uprooted Balinese want compensation DENPASAR, Bali: Balinese transmigrants who fled violence- devastated East Timor demanded on Thursday that the government compensate them for financial losses from their destroyed properties."It was the government who sent us to East Timor.

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Fri, 08 Oct 1999

JP/Togar says protesters fail to follow the law

Togar says protesters fail to follow the law JAKARTA (JP): National Police spokesman Brig. Gen. Togar M. Sianipar lambasted on Thursday the general failure to comply with a law requiring people to inform the police before staging a protest in the city.

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Fri, 08 Oct 1999

JP/Deal on water agreement expected next month

Deal on water agreement expected next month JAKARTA (JP): City water company PDAM Jaya and its two foreign partners -- PT Pam Lyonnaise Jaya (Palyja) and PT Thames Pam Jaya (TPJ) -- have resolved their differences and are expected to sign a final agreement on the city's water management next ...

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Fri, 08 Oct 1999

JP/Phone rate hike unlikely: Official

Phone rate hike unlikely: Official JAKARTA (JP): The next government will most likely delay a planned increase of telephone tariffs in a bid to win the people's hearts, a senior government official said here on Thursday.

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Fri, 08 Oct 1999

JP/Three Indonesian players remain alive in Futures

Three Indonesian players remain alive in Futures JAKARTA (JP): Three national squad players survived into the quarterfinals of the Indonesia Futures F5 tournament at the Danamon tennis complex in Kemayoran, Central Jakarta, on Thursday.

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Fri, 08 Oct 1999

JP/PKB reverses field, backs Gus Dur

PKB reverses field, backs Gus Dur JAKARTA (JP): The presidential race became even tighter on Thursday after the National Awakening Party (PKB) threw its weight behind the presidential nomination of Abdurrahman Wahid.However, PKB's shifting stance has created more confusion than certainty.

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Fri, 08 Oct 1999

JP/Government to reduce state firms to 50

Government to reduce state firms to 50 JAKARTA (JP): The government plans to reduce the number of state enterprises to 50 from 155 at present, through mergers, State Minister of the Empowerment of State Enterprises Tanri Abeng said on Thursday.

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Fri, 08 Oct 1999

JP/TV today

TV todayTVRI 5:30 a.m. Religious Teachings 6:00 News: Two Hours Only 8:00 Children's Program 9:00 Music 10:00 Interval 2:00 p.m.

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Fri, 08 Oct 1999

JP/Foreigner caught with handgun and bullets

Foreigner caught with handgun and bullets JAKARTA (JP): West Jakarta police detectives confiscated a Colt handgun, 54 bullets and Rp 287 million (US$35,875) in three different currencies from the contracted residence of a suspected Nepalese drug dealer.

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Fri, 08 Oct 1999

JP/Poor law enforcement blamed for fires

Poor law enforcement blamed for fires JAKARTA (JP): Poor law enforcement contributed to the spread of forest fires in the country between 1997 and 1998, a United Nations official said Thursday.

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Fri, 08 Oct 1999

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 7, 1999: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo ...

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Fri, 08 Oct 1999

JP/PLN moves to cancel Paiton contract

PLN moves to cancel Paiton contract JAKARTA (JP): State electricity company PT Perusahaan Listrik Negara (PLN) filed a lawsuit on Thursday at the Central Jakarta District Court to nullify the power purchase contract awarded to the owners of the giant Paiton I power plant in East Java.

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Fri, 08 Oct 1999

JP/Metrodata adds outlets

Metrodata adds outlets JAKARTA (JP): Publicly listed PT Metrodata Electronics, an information technology company, plans to open 21 retail outlets as part of its three-year program to increase sales and service.

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Fri, 08 Oct 1999

JP/Body of eight-year-old removed from river

Body of eight-year-old removed from river JAKARTA (JP): The body of an eight-year-old boy, Taufik Hidayat, was discovered on Thursday in Pesangrahan river in West Jakarta, the same area where the bodies of the boy's mother and elder brother were pulled a day earlier.

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Fri, 08 Oct 1999

JP/Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on Oct. 7, 1999: Buying Selling Rp Rp U.S. dollar 1 7,684.00 7,762.00Australian dollar 1 5,081.43 5,136.89Austrian schilling 1 597.

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Fri, 08 Oct 1999

JP/Where our nation is now

Where our nation is now In its unwavering move to create a democratic government, this nation on Wednesday elected a new speaker of the House of Representatives. Elected as speaker was Akbar Tandjung, the chairman of the country's second largest political party, Golkar.

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Fri, 08 Oct 1999

JP/PNG to buy Pertamina fuel

PNG to buy Pertamina fuel JAKARTA (JP): Papua New Guinea (PNG) will buy fuel products from Indonesia because the prices are cheaper than those offered by neighboring Australia, a senior official at state oil and gas firm Pertamina said.Head of Pertamina's Irian Jaya unit R.A.

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Fri, 08 Oct 1999

JP/Mainaky Cup to start next week

Mainaky Cup to start next week JAKARTA (JP): The first Mainaky Cup championships will take place next week in Ternate, northern Maluku. The championships are named after the 1996 Olympic gold medalist Rexy Mainaky.

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Fri, 08 Oct 1999

JP/Peace in the air at Bali art event

Peace in the air at Bali art event DENPASAR, Bali: A performance by noted Balinese painter Made Wianta will cap the Art and Peace Festival, to be held at Padanggalak beach here from Dec. 8 to Dec. 10.

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Fri, 08 Oct 1999

JP/Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Fine Art Exhibition: by Loan Utomo, at Preferred Banking Melawai, Jl. Melawai Raya 7 A, South Jakarta, until Oct. 31. * Painting Exhibition: Dwijo Sukatmo: Capturing Time Inside the Frame, at Koong Gallery, Gran Melia Jakarta, Jl.H.R. Rasuna Said Kav.

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Fri, 08 Oct 1999

JP/Fire hits Mayora Indah

Fire hits Mayora Indah TANGERANG (JP): Fire raged through a candy factory belonging to food producer PT Mayora Indah in Jatiuwung subdistrict in the wee hours on Thursday.No fatalities were reported in the blaze, which was said to originate from an electrical printing code box.

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Fri, 08 Oct 1999

JP/MPR to dilute presidential power, strengthen judiciary

MPR to dilute presidential power, strengthen judiciary JAKARTA (JP): The People's Consultative Assembly (MPR) agreed on Thursday to dilute the power of the president, to further empower legislative Assemblies and the judiciary and tighten the control of state finances through amendments to the ...

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Fri, 08 Oct 1999

JP/Istiqlal bomber may face 54 months jail

Istiqlal bomber may face 54 months jail JAKARTA (JP): A prosecutor requested the Central Jakarta District Court sentence defendant Surya Setiawan alias Wawan to four years and six months in jail on Thursday for his alleged key role in a bomb explosion on the ground floor of Grand Istiqlal Mosque ...

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