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

Tue, 29 Feb 2000

JP/Spelling error

Spelling error This is to call your attention to an error on page 9 of Sunday's edition of The Jakarta Post, in the article Indonesian and expat students to stage a play for social benefit (Feb. 27, 2000).

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Tue, 29 Feb 2000

JP/Triumvirate plan needs Constitutional amendment

Triumvirate plan needs Constitutional amendment JAKARTA (JP): Constitutional law professor Harun Alrasid said a constitutional amendment was needed if the House of Representatives wanted to set up a triumvirate leadership in the event the president and vice president are incapacitated.

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Tue, 29 Feb 2000

JP/New battles old in corporate Japan

New battles old in corporate JapanBy Jitendra Joshi TOKYO (AFP): A battle is taking shape for the soul of corporate Japan as bold new upstarts confront the traditional bastions of the old economy, analysts say.

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Tue, 29 Feb 2000

JP/TV today

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

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Tue, 29 Feb 2000

JP/Govt urged to decide on Damura fund

Govt urged to decide on Damura fund JAKARTA (JP): House of Representatives Commission VI for human resources and religious affairs member Ismangun Notosapoetro has urged the government to decide if the fund raising scheme Damura (the People's Fund for Sport) should be allowed to continue.

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Tue, 29 Feb 2000

JP/No routine tours

No routine tours Tours of duty may be normal occurrences in an organization as dynamic and developed as the Indonesian Military (TNI), but given TNI's national prominence, every single change at the top of its leadership today has significant consequences for the life of the republic.

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Tue, 29 Feb 2000

JP/JSX closed on leap year

JSX closed on leap year JAKARTA (JP): The Jakarta Stock Exchange (JSX) will be closed on Tuesday (Feb. 29) in anticipation of possible computer glitches on the date, the extra day in the new millennium's first leap year.The JSX said trading would resume on Wednesday.

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Tue, 29 Feb 2000

JP/Darya Varia nets profit

Darya Varia nets profit JAKARTA (JP): Publicly listed pharmaceutical company PT Darya Varia announced on Monday a net profit of Rp 32.03 billion (about US$44 million) in the year ending in December, compared to a net loss of Rp 135.39 billion a year earlier.

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Tue, 29 Feb 2000

JP/Former Caltex boss named Pertamina chief

Former Caltex boss named Pertamina chief JAKARTA (JP): President Abdurrahman Wahid appointed on Monday former president of oil company PT Caltex Pacific Indonesia Baihaki Hakim as the new president of state oil and gas company Pertamina, replacing Martiono Hadianto.

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Tue, 29 Feb 2000

JP/Politics and the military

Politics and the military The Indonesian military (TNI) commander Admiral Widodo made an honest admission in parliament: Changing the (Indonesian) military culture is difficult.

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Tue, 29 Feb 2000

JP/Selected list of names in latest TNI's reshuffle

Selected list of names in latest TNI's reshuffleTNI Headquarters: Brig. Gen. Saurip Kadi, Senior official TNI Heaquarters (previous post), Assistant to Army Chief on territorial affairs (new post); Lt. Gen. Suaidy Marasabessy, Chief of TNI's General Affairs, Senior official at TNI Headquaters; Lt.

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Tue, 29 Feb 2000

JP/Tractors wins $3m order

Tractors wins $3m order JAKARTA (JP): PT United Tractors Pandu Engineering (UTE) has won contracts worth about US$3 million to supply transportation related components to GE Transportation System of the United States this year.

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Tue, 29 Feb 2000

JP/Court doubts Loebby's expertise

Court doubts Loebby's expertise JAKARTA (JP): A judge at the West Jakarta District Court interrupted and postponed the testimony of criminal law expert Loebby Loqman as the law professor failed to provide a letter verifying his expertise.

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Tue, 29 Feb 2000

JP/Government, House agree on 12% hike in fuel prices

Government, House agree on 12% hike in fuel prices JAKARTA (JP): The government and the House of Representatives' state budget committee agreed on Monday to raise fuel prices an average of 12 percent beginning in April, according to Minister of Mines and Energy Susilo Bambang Yudhoyono.

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Tue, 29 Feb 2000

JP/IMF predicts higher than 4% growth for Indonesia

IMF predicts higher than 4% growth for Indonesia JAKARTA (JP): International Monetary Fund (IMF) director for Asia Pacific Yusuke Horiguchi predicted on Monday that Indonesia's economy would grow by more than 4 percent this year while inflation would remain in single digits.

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Tue, 29 Feb 2000

JP/Controversial trial in Aceh delayed

Controversial trial in Aceh delayed BANDA ACEH, Aceh: The trial of a massacre in West Aceh will not take place till the second week of March as Banda Aceh district court officials said on Monday they would need at least a week to sort out the paper work and study the case further.

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Tue, 29 Feb 2000

JP/Toward reconciliation in Indonesia

Toward reconciliation in IndonesiaBy Willem Oltmans AMSTERDAM (JP): Rimbaud once wrote that love should be reinvented. Psychohistorians in America feel history should be reinvented.

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Tue, 29 Feb 2000

JP/Small inflation rise to 0.07% recorded in February

Small inflation rise to 0.07% recorded in February JAKARTA (JP): Inflation in February slightly increased to 0.07 percent from the previous month, but fell to minus 0.84 percent when compared to the same month last year, the Central Bureau of Statistics (BPS) said on Monday.

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Tue, 29 Feb 2000

JP/Bogor 'angkot' drivers strike

Bogor 'angkot' drivers strike BOGOR (JP): More than 400 angkot (public minivan) drivers went on strike on Monday in protest at the operations of illegal minivans on their routes, leaving thousands of passengers stranded on the Cibinong-Bogor highway.

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Tue, 29 Feb 2000

JP/Feng shui your home and change your life

Feng shui your home and change your lifeBy Karen Kingston DENPASAR (JP): Feng shui is the ancient art of balancing and harmonizing energies in buildings to enhance the lives of the people who live or work there.

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Tue, 29 Feb 2000

JP/Tunas enters e-commerce

Tunas enters e-commerce JAKARTA (JP): PT Tunas Ridean, an authorized dealer for Toyota, BMW, Daihatsu and several other car brands, said on Monday its web site, http://www.TunasGroup.com, received about 500 visitors per day despite the fact the site had not yet been formally launched.

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Tue, 29 Feb 2000

JP/The myth of the China threat

The myth of the China threat I would like to comment on Mr. Santo's article What about China's new warship? in The Jakarta Post on Feb. 26, 2000. On the same day, Kompas daily reported that Indonesian Navy Chief of Staff Adm.

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Tue, 29 Feb 2000

JP/Caught in the crisis, hungry Semarang zoo animals need help

Caught in the crisis, hungry Semarang zoo animals need helpBy Haryoso SEMARANG (JP): The approximately 250 animals in Tinjomoyo Zoo are bearing the brunt of the economic crisis. They have been going hungry because the management does not have enough money to feed them properly.

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Tue, 29 Feb 2000

JP/Bad weather halts search operation

Bad weather halts search operation BREBES, Central Java (JP): The search operation for the remaining 24 people believed to be still trapped under last Wednesday night's landslide was halted on Monday due to bad weather and after consulting with the families of those missing.

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Tue, 29 Feb 2000

JP/Riau takes over Social Ministry

Riau takes over Social Ministry PEKANBARU, Riau: The assets of the now liquidated Ministry of Social Affairs in Riau were officially handed over on Monday to the provincial administration.These included all the material inventory of the ministry and also their personnel, Antara reported.

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Tue, 29 Feb 2000

JP/Pick of the Flicks (for Tuesday, Feb. 29, 2000)

Pick of the Flicks (for Tuesday, Feb. 29, 2000)Hollywood KC Three Kings 14:15 16:55 19:05 21:15 Life is Beautiful 14:55 17:35 19:45 21:55 Stigmata 14:15 16:55 19:05 21:15 Astronauts Wife 14:55 17:35 19:45 ...

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Tue, 29 Feb 2000

JP/Telecom operators ready for mobile Internet

Telecom operators ready for mobile Internet JAKARTA (JP): Major telecommunications providers said here on Monday that they were ready to expand into wireless internet services this year using the Wireless Application Protocol (WAP) technology.

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Tue, 29 Feb 2000

JP/City to prevent dengue outbreak

City to prevent dengue outbreak JAKARTA (JP): The city's Health Agency is planning a series of preventive actions beginning in March aimed at halting further outbreaks of dengue hemorrhagic fever, which has already claimed six lives over the past two months, an official said on Monday.

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Tue, 29 Feb 2000

JP/Surya Hutani Jaya's owners

Surya Hutani Jaya's owners JAKARTA (JP): PT Surya Hutani Jaya forestry company clarified here on Monday that its share-ownership was by no means related to businessmen Mohammad Bob Hasan nor to Hutomo Tommy Mandala Putra, as several print media implied last week in their stories about the abuse ...

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Tue, 29 Feb 2000

JP/Reshuffle for reform? 'More likely for elite consolidation'

Reshuffle for reform? 'More likely for elite consolidation' Will there be more reform in the Indonesian Military (TNI) following Monday's reshuffle? The Jakarta Post spoke to Kusnanto Anggoro, who studies security issues at the Center for Strategic International Studies.

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Tue, 29 Feb 2000

JP/Doctors fail to appear for Soeharto's checkup

Doctors fail to appear for Soeharto's checkup JAKARTA (JP): A team of doctors appointed by the Attorney General's office failed to turn up for a re-examination of former president Soeharto on Monday.

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Tue, 29 Feb 2000

JP/Toll road holdups top of the agenda for Jakarta police

Toll road holdups top of the agenda for Jakarta police JAKARTA (JP): National Police chief Lt. Gen. Rusdihardjo ordered Jakarta Police chief Maj. Gen. Nurfaizi on Monday to prioritize the handling of the alarming spate of armed robberies on buses and trucks on toll roads in Greater Jakarta.

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Tue, 29 Feb 2000

JP/Brunei sultanate reaches historic crossroads

Brunei sultanate reaches historic crossroadsBy Nelson Graves KUALA LUMPUR (Reuters): The secretive sultanate of Brunei has broken with its past as it tackles threats to its prosperity and an extravagant prince who left behind billions of dollars of debts.

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Tue, 29 Feb 2000

JP/Cloudy future seen for Nepal's ruling party

Cloudy future seen for Nepal's ruling partyBy Kedar Man Singh KATHMANDU (AFP): The decision by Nepali Prime Minister K.P.

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Tue, 29 Feb 2000

JP/Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on Feb. 28, 2000: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo ...

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Tue, 29 Feb 2000

JP/Govt out to check if picks for state firms measure up

Govt out to check if picks for state firms measure up JAKARTA (JP): The government said on Monday it would apply fit and proper tests for prospective appointees to state-owned companies' boards of directors to ensure they possessed the integrity and capability to lead the firms.

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Tue, 29 Feb 2000

JP/Dharmala Sakti asks court for time to negotiate debts

Dharmala Sakti asks court for time to negotiate debts JAKARTA (JP): Publicly listed PT Dharmala Sakti Sejahtera asked the Jakarta Commercial Court on Monday to hold off issuing a verdict in a bankruptcy suit filed against the holding company to allow it to negotiate its debt restructuring with ...

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Tue, 29 Feb 2000

JP/Megawati lends name to trophy

Megawati lends name to trophy JAKARTA (JP): Vice President Megawati Soekarnoputri approved a request from the Indonesian Basketball Association (Perbasi) to confer her name on the women's basketball league (Women's Kobatama) trophy, said Perbasi official in charge of Kobatama, Doedie Gambiro.

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Tue, 29 Feb 2000

JP/Lippo Life service

Lippo Life service On Jan. 13, 2000, I went to the Lippo Life Metropolitan Mal branch in Bekasi and applied for a life insurance policy. I was told that because the sum insured was quite high my application would be subject to a full medical checkup.

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Tue, 29 Feb 2000

JP/Activists protest over alleged swindle

Activists protest over alleged swindle BOGOR (JP): Dozens of locals grouped under the Corruption Eradication Movement or Gebrak staged a protest at the Bogor Municipality on Monday demanding the mayor probe an alleged swindle in the distribution of hundreds of tons of rice in market operations in ...

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Tue, 29 Feb 2000

JP/Mixed responses greet latest TNI reshuffle

Mixed responses greet latest TNI reshuffle JAKARTA (JP): A mixture of praise and regret greeted the latest reshuffle in the Indonesian Military (TNI) on Monday, with many believing it to be part of the ongoing reform movement within the armed forces.

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Tue, 29 Feb 2000

JP/Rates for tax payment, valid from Feb. 28 to Mar. 5

Rates for tax payment, valid from Feb. 28 to Mar. 5 U.S. dollar 1 Rp 7,410.00Austrian schilling 1 531.61Australian dollar 1 4,566.78Belgian franc 1 181.34Canadian dollar 1 5,071.87Swiss franc 1 4,564.

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Tue, 29 Feb 2000

JP/On law enforcement

On law enforcement Indosiar recently broadcast Legal Prospects 2000 in which lawyer Frans H. Winarta said he was pessimistic about law enforcement in the near future in this country.

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Tue, 29 Feb 2000

JP/Kissinger calls on RI to honor Freeport deal

Kissinger calls on RI to honor Freeport deal JAKARTA (JP): Former U.S. secretary of state Henry Kissinger called on the Indonesian government to honor its contract with copper and gold mining enterprise PT Freeport Indonesia amid growing criticism over the company's mining activities.

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Tue, 29 Feb 2000

JP/Megawati wins Yogya support

Megawati wins Yogya support YOGYAKARTA: The Deputy Chief of the Democratic Party of Struggle (PDI Perjuangan) in Yogyakarta here issued a strong warning that delegates from the provincial chapter must vote for incumbent Megawati Soekarnoputri in next month's congress in Semarang, Central Java.

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Tue, 29 Feb 2000

JP/President urged to temporarily stop raids on pedicabs

President urged to temporarily stop raids on pedicabs JAKARTA (JP): Some 100 becak pedicab drivers staged a protest in front of the Presidential Palace in Central Jakarta on Monday, demanding President Abdurrahman Wahid order the city administration to temporarily halt raids on pedicabs ...

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Tue, 29 Feb 2000

JP/Principal opens new office

Principal opens new office JAKARTA (JP): Principal Indonesia, a retirement plan and service company, has opened a representative office in Semarang as part of its commitment to develop the market in Central Java and Yogyakarta.

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Tue, 29 Feb 2000

JP/Keep political issues out of sports: Pelti chairman

Keep political issues out of sports: Pelti chairman JAKARTA (JP): Chairman of the Indonesian Tennis Association (Pelti) Tanri Abeng played down calls for the convening of an extraordinary congress to pick his replacement, arguing that sports should not be dragged into political issues.

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Tue, 29 Feb 2000

JP/CORRECTION

CORRECTIONSoccer: A heading on page 10 of Monday's paper misidentified Juventus as holding Milan to a 0-0 draw. The team was Cagliari. We apologize for the error.

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Tue, 29 Feb 2000

JP/Volleyball to be staged outdoors

Volleyball to be staged outdoors JAKARTA (JP): The Indonesian Volleyball Federation (PBVSI) will kick off a talent scouting project aimed at popularizing volleyball among the general public, newly installed PBVSI chairwoman Rita Subowo said on Monday.

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Tue, 29 Feb 2000

JP/Arab official faces identity crisis

Arab official faces identity crisisBy Mohammed Ass'adi JERUSALEM (Reuters): The highest ranking Arab official in any Israeli government, Deputy Foreign Minister Nawaf Masalha is torn between his Palestinian identity and Israeli citizenship.

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Tue, 29 Feb 2000

JP/Car emission levels to be checked for free

Car emission levels to be checked for free JAKARTA (JP): The city administration in cooperation with a Switzerland-based nongovernmental organization is to again carry out free street-side emission checks for private cars in the capital, an official said on Monday.

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Tue, 29 Feb 2000

JP/The men and women behind the President

The men and women behind the PresidentBy Kornelius Purba JAKARTA (JP): By all accounts Abdurrahman Wahid is no ordinary man. And he is also a president elected under extraordinary circumstances.

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Tue, 29 Feb 2000

JP/THAI ready for privatization

THAI ready for privatization BANGKOK (AFP): Thai Airways International (THAI) on Monday cleared the first hurdle on the road to its long-awaited privatization, receiving the green-light on plans to sell 400 million shares from the state enterprises policy committee, officials said.

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Tue, 29 Feb 2000

JP/Major TNI reshuffle announced

Major TNI reshuffle announced JAKARTA (JP): The Indonesian Military (TNI) announced on Monday another major reshuffle that included the promotion of Maj. Gen. Agus Wirahadikusumah, a progressive figure, as the Army Strategic Reserve Command (Kostrad) chief.

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Tue, 29 Feb 2000

JP/India's BJP plays second fiddle to regional parties

India's BJP plays second fiddle to regional partiesBy Pratap Chakravarty NEW DELHI (AFP): Local elections in India have opened a gaping hole in the political armor of the ruling Hindu nationalists, who had to be carried to power in two of four states on the backs of their regional allies.

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