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

Fri, 14 May 1999

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on May 12, 1999: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo ...

More ...

Fri, 14 May 1999

JP/Sumitomo sues cable producer

Sumitomo sues cable producer JAKARTA (JP): PT Bank Sumitomo Niaga filed a bankruptcy claim against PT Supreme Cable Manufacturing Corporation for failing to pay its debt of US$3 million in promissory notes, the bank's lawyer said on Wednesday.

More ...

Fri, 14 May 1999

JP/Electronics firms in Taiwan up beat on Indonesia's prospects

Electronics firms in Taiwan up beat on Indonesia's prospectsBy Sylvia Gratia M. Nirang TAIPEI (JP): Taiwan electronics firms have expressed optimism about Indonesia's prospects, saying they will invest in the country once it recovers from the crisis.

More ...

Fri, 14 May 1999

JP/Whither justice?

Whither justice? One year ago today, a tragedy which proved to be a turning point in our history struck this nation. On May 14, 1998, massive rioting erupted in Jakarta. The security forces stood by and watched as ugly scenes of looting and arson spread throughout the capital.

More ...

Fri, 14 May 1999

JP/Government to sign new letter of intent with IMF

Government to sign new letter of intent with IMF JAKARTA (JP): Coordinating Minister for Economy, Finance and Industry Ginandjar Kartasasmita said on Wednesday the government would sign a new letter of intent with the International Monetary Fund (IMF) either on Friday or Monday.

More ...

Fri, 14 May 1999

JP/Thousands attend signing of peace deal in riot-torn Ambon

Thousands attend signing of peace deal in riot-torn Ambon JAKARTA (JP): Over 10,000 people attended the signing of a peace accord in the Maluku capital of Ambon on Wednesday which many hope will mark an end to months of deadly clashes between Muslim and Christian groups in the province.M.G.

More ...

Fri, 14 May 1999

JP/Denmark and China ready to make badminton history

Denmark and China ready to make badminton history COPENHAGEN (JP): Denmark and China are ready to make history in the Sudirman Cup mixed team championships semifinals at Brondby Hall on Friday.

More ...

Fri, 14 May 1999

JP/Officials accused of safety net funds abuse

Officials accused of safety net funds abuse JAKARTA (JP): At least 18 residents of Karang Anyar subdistrict in Central Jakarta have lodged complaints to city police about data manipulation and abuse of social safety net funds.

More ...

Fri, 14 May 1999

JP/Muslim women rally against violence

Muslim women rally against violence JAKARTA (JP): A number of Muslim women's organizations held a rally at the square of the Al Azhar Mosque in South Jakarta Thursday to call for an end to violence and to preserve national unity.

More ...

Fri, 14 May 1999

JP/Civil code for bankruptcy law

Civil code for bankruptcy lawBy Frans H. Winarta The following is an excerpt from a paper presented at a recent conference in Jakarta on 150 Years of the Indonesian Civil Code: The Civil Law Basis for a Modern Bankruptcy Law.

More ...

Fri, 14 May 1999

JP/Indonesia's forex reserves rise to $16.05 billion

Indonesia's forex reserves rise to $16.05 billion JAKARTA (JP): Indonesia's net foreign reserves rose to US$16.05 billion in the week ending on May 7 from $16.02 billion the previous week, the central bank said in its latest weekly report.

More ...

Fri, 14 May 1999

JP/PLN to buy Pertamina geothermal steam

PLN to buy Pertamina geothermal steam JAKARTA (JP): State electricity company PT Perusahaan Listrik Negara (PLN) signed an agreement on Wednesday to buy geothermal steam from state oil and gas company Pertamina for its planned 20-megawatt (MW) power plant in North Sulawesi.

More ...

Fri, 14 May 1999

JP/Priests and nuns march in Dili in bid to resume peace

Priests and nuns march in Dili in bid to resume peace DILI, East Timor (JP): Catholic priests and nuns joined a huge rally on the streets of Dili on Thursday calling for an end to violence in the province.

More ...

Fri, 14 May 1999

JP/Conversion Rates

Conversion Rates Bank Bali's conversion rates on May 12, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

More ...

Fri, 14 May 1999

JP/Pick of the Flicks

Pick of the FlicksHollywood KC: Message In A Bottle 14:15 16:55 19:05 21:15 Legionnaire 14:55 17:35 19:45 21:55 You've Got Mail 14:15 16:55 19:05 21:15 Office Space 14:30 18:00 21:30 Shot ...

More ...

Fri, 14 May 1999

JP/Trisakti tragedy remembered

Trisakti tragedy remembered JAKARTA (JP): Thousands of students from universities in cities across the country staged peaceful street rallies on Wednesday to commemorate the one-year anniversary of the fatal shooting of four Trisakti University students.No clashes occurred during the rallies.

More ...

Fri, 14 May 1999

JP/Water firm's president fired for incompetency

Water firm's president fired for incompetency JAKARTA (JP): Governor Sutiyoso fired the president of city water company PDAM Jaya, Rama Boedi, saying the latter was unable to resolve the company's internal problems.

More ...

Fri, 14 May 1999

JP/Untrendy Indonesia not a hit in Japan

Untrendy Indonesia not a hit in JapanBy Sylvia Gratia M. Nirang TOKYO (JP): Japanese traders are reluctant to import Indonesian clothes, which are seen as unfashionable here, a visiting Indonesian minister said.

More ...

Fri, 14 May 1999

JP/EVA Air upbeat on RI flights

EVA Air upbeat on RI flights JAKARTA (JP): Taiwan's EVA Air said the flow of passengers from Taiwan to Indonesia remained strong despite security fears ahead of the June 7 general election.

More ...

Fri, 14 May 1999

JP/Great River expects $40m more from exports

Great River expects $40m more from exports TOKYO (JP): Publicly listed garment producer Great River International (GRI) has said it expects to raise US$100 million from exports this year, up from $60 million in 1998.

More ...

Fri, 14 May 1999

JP/Unfrel has doubts about poll security

Unfrel has doubts about poll security DEPOK, West Java (JP): Just three weeks ahead of the June 7 general election, a leading independent poll watch organization warned on Wednesday of various shortcomings, including a lack of security guarantees and continuing calls for a boycott in Aceh.

More ...

Fri, 14 May 1999

JP/Borobudur to host 50,000 Buddhists

Borobudur to host 50,000 Buddhists SEMARANG, Central Java: About 50,000 people will attend the commemoration of Buddha's Day of Enlightenment on May 30 in the ancient Borobudur temple in Magelang, an official predicted on Thursday, Antara reported.

More ...

Fri, 14 May 1999

JP/State bank debtors to be taken to court

State bank debtors to be taken to court JAKARTA (JP): The president of newly established Bank Mandiri, Robby Djohan, said on Wednesday some 5 percent of the Rp 61 trillion (about US$7.

More ...

Fri, 14 May 1999

JP/Cempaka Putih resident shot

Cempaka Putih resident shot JAKARTA (JP): A Cempaka Putih resident in Central Jakarta was shot on Tuesday evening attempting to apprehend a member of a vehicle thieving gang.Central Jakarta Police detective chief Maj.

More ...

Fri, 14 May 1999

JP/Court deals second blow to gas partners

Court deals second blow to gas partners JAKARTA (JP): State oil and gas company Pertamina and its Canadian contractor Gulf Resources have suffered a second blow in a land dispute with a South Sumatra plantation company, losing a key ruling by Palembang Low Administrative Court.

More ...

Fri, 14 May 1999

JP/Quota for women legislators

Quota for women legislatorsFrom Pikiran RakyatThe demand for a quota of women legislators by a number of women activists at the coming general election seems excessive.

More ...

Fri, 14 May 1999

JP/TNI sends special team to Aceh

TNI sends special team to Aceh JAKARTA (JP): The Indonesian Military (TNI) has sent a special team of 34 officers to appraise the security situation in Aceh, Antara reported on Thursday.

More ...

Fri, 14 May 1999

JP/Government demands KPU neutrality during campaign

Government demands KPU neutrality during campaign JAKARTA (JP): Minister of Justice/State Secretary Muladi insisted on Wednesday that members of the General Elections Commission (KPU) be barred from campaigning to ensure their neutrality.

More ...

Fri, 14 May 1999

JP/Akbar officially transfers ministerial post to Muladi

Akbar officially transfers ministerial post to Muladi JAKARTA (JP): Akbar Tandjung officially handed over his post as minister/state secretary to Minister of Justice Muladi in a ceremony at the State Palace on Wednesday.President B.J.

More ...

Fri, 14 May 1999

JP/Message from the Publisher

Message from the Publisher PT Bina Media Tenggara , publisher of The Jakarta Post, proudly announces two new services for our readers and advertisers. One is the early arrival of the paper for our readers in the island of Bali. The other is our uniquely designed website for the global community.

More ...

Fri, 14 May 1999

JP/A slip of the political tongue

A slip of the political tongue The daily Suara Pembaruan of May 9, 1999, reported a request from the Indonesian Nationalist Party (PNI) for President Habibie to study more about history, especially Indonesian national history.

More ...

Fri, 14 May 1999

JP/World Bank to fight Indonesian poverty with new vigor

World Bank to fight Indonesian poverty with new vigor Mark Baird, a New Zealander, who became the World Bank Indonesia Country Director on April 1, is now on his second assignment in Jakarta.

More ...

Fri, 14 May 1999

JP/China to meet S. Korea, Indonesia faces Denmark in semis

China to meet S. Korea, Indonesia faces Denmark in semisBy Primastuti Handayani COPENHAGEN (JP): Defending champion China will challenge South Korea, while home favorite Denmark will face Indonesia in the reserve semifinals of the Sudirman Cup mixed team championships at Brondby Hall on Friday.

More ...

Fri, 14 May 1999

JP/Al Azhar to join international folk dance gala

Al Azhar to join international folk dance gala JAKARTA (JP): If you watch them on the dance floor, you might think they are professional dancers because their movements are so gracious as they follow the beat of the music.

More ...

Fri, 14 May 1999

JP/TV today

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

More ...

Fri, 14 May 1999

JP/Peaceful rally marks Trisakti shooting

Peaceful rally marks Trisakti shooting JAKARTA (JP): Around 5,000 Trisakti University students flocked to their campus in Grogol, West Jakarta, on Wednesday to mark the first anniversary of the fatal shooting of four of their classmates during a peaceful demonstration outside the university.

More ...

Fri, 14 May 1999

JP/Gutted buildings bear witness to brutality of May 1998 riots

Gutted buildings bear witness to brutality of May 1998 riots JAKARTA (JP): A number of buildings burned and damaged in the mid-May 1998 riots have been completely refurbished and are receiving customers.Such a scene can be seen in West Jakarta's busy Chinatown Glodok area.

More ...

Fri, 14 May 1999

JP/Golkar Party likely to nominate Habibie

Golkar Party likely to nominate Habibie JAKARTA (JP): The ruling Golkar Party will likely nominate President B.J. Habibie as its presidential candidate for the 1999-2004 period, according to party sources.Deputy chairman of the party's advisory board, A.A Baramuli, said shortly after 11 p.m.

More ...

Fri, 14 May 1999

JP/Jakarta Fair to be held in August

Jakarta Fair to be held in August JAKARTA (JP): The city administration has decided to end the tradition of staging the annual one-month Jakarta Fair to coincide with the capital's anniversary on June 22 and will instead hold the event in August, according to the fair's organizer.

More ...

Fri, 14 May 1999

JP/Debate and Megawati

Debate and Megawati I was rather surprised to read your editorial (April 30, 1999, A new political education) on the nation's first democratic political debate aired on TV recently.

More ...

Fri, 14 May 1999

JP/May 16 to urge HIV/AIDS awareness

May 16 to urge HIV/AIDS awareness JAKARTA: A night of recognition of the threat of HIV (Human Immunodeficiency Virus) and AIDS (Acquired Immunodeficiency Syndrome) and solidarity for those affected will be held in 70 cities across the archipelago on May 16, Antara reported on Wednesday.

More ...

Fri, 14 May 1999

JP/Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Graphics Exhibition: Ekspresi Grafis Dalam Ekspresi Buku II, at Pusat Kebudayaan Jepang - The Japan Foundation, Summitmas I, Jl. Jend. Sudirman Kav. 61-62 South Jakarta (Phone: 5201266), Monday to Friday 10 a.m. to 6 p.m., Wednesday 10 a.m. to 4 p.m.

More ...

Fri, 14 May 1999

JP/SCB customers win Rp 250m

SCB customers win Rp 250m JAKARTA (JP): Five Standard Chartered Bank (SCB) customers from Jakarta, Medan, Surabaya and Semarang recently won a total cash prize of Rp 250 million (some US$30,000).The cash prizes, part of the Sweet Millions Draw, culminated a six-month promotion.

More ...

Find news items by date