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

Thu, 21 Sep 2000

JP/Forex reserves fall to $27.2b

Forex reserves fall to $27.2b JAKARTA (JP): Indonesia's international reserves and foreign currency liquidity fell by US$85.50 million to $27.30 billion in the week ended on Sept. 15, according to the latest data issued by Bank Indonesia.

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Thu, 21 Sep 2000

JP/Panasia outshines CLS 85-67

Panasia outshines CLS 85-67 JAKARTA (JP): Bandung-based Panasia Indosyntec met little opposition in its third match against Wismilak Citra Lestari Surabaya (CLS) of East Java, which it beat 85-67 in the third leg of the 2000 Nuvo Kobatama national basketball league on Wednesday.

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Thu, 21 Sep 2000

JP/Father, son show individual art styles

Father, son show individual art stylesBy Pavan Kapoor JAKARTA (JP): Every once in a while, in the garden of the art world there blossoms a new fragrance - a new art gallery has opened it's doors.

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Thu, 21 Sep 2000

JP/To William Cohen

To William Cohen Sir, you have issued a stern warning to Indonesia to control the East Timorese militia.

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Thu, 21 Sep 2000

JP/SLP Penabur wins quiz contest

SLP Penabur wins quiz contest JAKARTA (JP): A team of students from privately-owned SLP Penabur junior high school beat 80 other teams competing in the English Quiz competition on Wednesday.They were followed by rival teams from SLP Bellarminus, also a private school, and state SLP Negeri 29.

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Thu, 21 Sep 2000

JP/Xenophobic nationalism

Xenophobic nationalism The attack on the United States consulate in Surabaya last week and the burning of the U.S. flag by protesters outside the American Embassy in Jakarta on Tuesday are disturbing signs that xenophobic sentiments are on the rise again in this country.

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Thu, 21 Sep 2000

JP/Peru crisis could delay vital foreign investment

Peru crisis could delay vital foreign investmentBy Marcel Deza LIMA (Reuters): Foreign investment vital to Peru's economy will steer clear of the Andean country until its latest political crisis simmers down, threatening economic growth this year, analysts said.

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Thu, 21 Sep 2000

JP/Return of state funds halts inquiry into Rp 7.1b scam

Return of state funds halts inquiry into Rp 7.1b scam JAKARTA (JP): Assistant to the Head of Special Crimes at the Jakarta Prosecutor's Office Andi Sjarifuddin said on Wednesday that the return of "unaccounted" funds established that his office had no case in the Rp 7.

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Thu, 21 Sep 2000

JP/BI revises rules on overnight loan facility

BI revises rules on overnight loan facility JAKARTA (JP): Banks facing funding problems can now get an overnight loan facility from Bank Indonesia (BI) as a lender of last resort by ceding the central bank's SBI promissory notes or treasury bonds as collateral.

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Thu, 21 Sep 2000

JP/Sang Timur school wins English debate contest

Sang Timur school wins English debate contest JAKARTA (JP): SMU Sang Timur from Jakarta won the inaugural English debating competition among high schools in Indonesia on Tuesday after successfully defending a position that "developed countries should have a monopoly over nuclear weapons".

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Thu, 21 Sep 2000

JP/Prosecutors' office 'too slow'

Prosecutors' office 'too slow' MAKASSAR, South Sulawesi: Anti Corruption Committee (ACC) members marched to the Provincial Prosecutors' Office on Tuesday in protest against the office's sluggish handling of corruption cases.

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Thu, 21 Sep 2000

JP/TV today

TV todayTVRI 5:30 a.m. Religious Teachings 6:00 News 8:00 Olympics Program 12:00 p.m. Interval 2:00 News 2:30 Olympics Program 6:30 Religious Teachings 7:00 Evening News 7:30 TV Drama 8:00 Olympics Program 9:00 News 9:30 Film: Nightmare 10:30 NewsProgram 2 5:30 p.m.

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Thu, 21 Sep 2000

JP/Indosat ready to go ahead with divestment

Indosat ready to go ahead with divestment JAKARTA (JP): Publicly listed international telephone operator PT Indosat said on Wednesday it was optimistic it would be able to meet the government's requirement to divest of its holdings in at least two non-core businesses by the end of this year.

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Thu, 21 Sep 2000

JP/Bogor hookers arrested

Bogor hookers arrested BOGOR (JP): Bogor police arrested 167 prostitutes, 14 alleged customers and two brothel operators in a raid on several places in three districts on Tuesday.Bogor City Police chief Supt.

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Thu, 21 Sep 2000

JP/Roots of conflict still strong in the Gulf

Roots of conflict still strong in the GulfBy Farouk Choukri BAGHDAD (AFP): Twenty years on from the brutal Iran-Iraq war, which left almost a million dead, the roots of conflict are still strong, witness rocket attacks, border incidents, verbal broadsides, allegation and counter-allegation.

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Thu, 21 Sep 2000

JP/No problems on gasoline stock, says Pertamina

No problems on gasoline stock, says Pertamina JAKARTA (JP): State-owned oil company PT Pertamina has beefed up its stock of gasoline around the capital in case of panic buying ahead of a 12 percent increase in prices next month.

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Thu, 21 Sep 2000

JP/Conoco-Premier row 'not to affect Malaysian gas sales'

Conoco-Premier row 'not to affect Malaysian gas sales' JAKARTA (JP): The dispute involving gas producers in the West Natuna section of the South China Sea would not affect the current negotiations for gas sales between the Indonesian state oil and gas company Pertamina and its Malaysian ...

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Thu, 21 Sep 2000

JP/The future of toll road investment

The future of toll road investment This is the first of two articles on Indonesia's toll road sector by Heru Dewanto, the executive director of the Jakarta- based Center for Technology and Industry Development.

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Thu, 21 Sep 2000

JP/Clean Up Bali 2000 targets precious coastline

Clean Up Bali 2000 targets precious coastline DENPASAR, Bali (JP): Several private companies, NGOs, schools, and concerned individuals joined forces this week for Clean Up Bali 2000, a massive event aimed at cleaning Bali's precious yet polluted coastline, and raising the level of people's ...

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Thu, 21 Sep 2000

JP/Analysis of chaos in regent elections

Analysis of chaos in regent elections The election of regents is one important feature of autonomy. But chaos colored the election recently in Sampang on Madura, East Java, and earlier in several other regencies, such as Malang and Mojokerto.

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Thu, 21 Sep 2000

JP/Cimande bridge closed for repairs

Cimande bridge closed for repairs BOGOR (JP): The 45-meter-long and seven-meter-wide Cimande bridge, the major connection between Ciawi and Sukabumi, will be temporarily closed to traffic from next Thursday until end of this year.

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Thu, 21 Sep 2000

JP/Microsystems, Metrodata tie up

Microsystems, Metrodata tie up JAKARTA (JP): Sun Microsystems Inc of Singapore announced on Wednesday its plan to form a joint venture with PT e- Metrodata.Com to distribute its products and services in Indonesia.

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Thu, 21 Sep 2000

JP/Gus Dur meets Chinese party delegates

Gus Dur meets Chinese party delegates JAKARTA (JP): In an event which would have been almost unthinkable just a few years ago, President Abdurrahman Wahid met on Wednesday with visiting delegates from the Chinese Communist Party.

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Thu, 21 Sep 2000

JP/Cordial Indian-U.S. trade ties essential

Cordial Indian-U.S. trade ties essentialBy Jagdish Shettigar NEW DELHI: During President Bill Clinton's visit to India last November, the two countries signed a memorandum of understanding to promote bilateral economic relations, including technological upgrading.

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Thu, 21 Sep 2000

JP/President discharges Fachrul

President discharges Fachrul JAKARTA (JP): President Abdurrahman Wahid discharged Indonesian Military (TNI) deputy chief Gen. Fachrul Razi on Wednesday and left the position vacant as part of a military restructuring program, his senior aide announced on Wednesday.

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Thu, 21 Sep 2000

JP/Two die, 17 injured in a boat attack

Two die, 17 injured in a boat attack AMBON, Maluku: At least two people died and seventeen others were injured when a passenger vessel KM Anda II was intercepted and attacked with a spray of bullets by gunmen in the waters off Dalam Bay on Tuesday.

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Thu, 21 Sep 2000

JP/Aprisindo seeks fair remuneration system

Aprisindo seeks fair remuneration system JAKARTA (JP): Labor-intensive footwear companies called on the government on Wednesday to do away with minimum wages and set a fair remuneration system to help them become more competitive in global trade.

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Thu, 21 Sep 2000

JP/Maan defies cold to take over lead

Maan defies cold to take over lead TANGERANG, West Java (JP): A cold did not stop Maan Nasim from playing his best game on Wednesday, shooting him to the top of the standings at the Andersen Consulting Challenge golf tournament at the Bumi Serpong Damai golf course here.

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Thu, 21 Sep 2000

JP/Bob Hasan faces life sentence over alleged scam

Bob Hasan faces life sentence over alleged scam JAKARTA (JP): Timber baron Muhamad "Bob" Hasan looked diminutive in his seat on Wednesday as he faced a possible life sentence after being accused by prosecutors of scamming millions of dollars from the state and the Association of Indonesian Forest ...

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Thu, 21 Sep 2000

JP/PSN introduces satellite-based cellular service

PSN introduces satellite-based cellular service JAKARTA (JP): Satellite-based telecommunications services provider PT Pasifik Satellite Nusantara (PSN) introduced on Wednesday the first Indonesian satellite service for GSM networks.

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Thu, 21 Sep 2000

JP/Moral decadence

Moral decadence The whole affair almost reduces me to tears but I can't help being deeply grateful for the patriotic concern expressed by Irawan Kadarman and the contempt and indignation set to paper by Donna K. Woodward (The Jakarta Post, Sept.

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Thu, 21 Sep 2000

JP/Fire razes Bali's biggest market

Fire razes Bali's biggest market DENPASAR, Bali (JP): A fire ravaged Badung market, known as the biggest market on the paradise island of Bali, on Wednesday, destroying more than 1,800 shops and kiosks.

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Thu, 21 Sep 2000

JP/Mistrust fuels Kuwait-Iraq oil dispute

Mistrust fuels Kuwait-Iraq oil disputeBy William Maclean LONDON (Reuters): A mere few months of geological work could unearth the facts in a row between Iraq and Kuwait about alleged theft of oil from beneath the Gulf War desert.

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Thu, 21 Sep 2000

JP/Flexible curricula

Flexible curricula The headline Kids learn boxing to stop brawling (The Jakarta Post, Sept. 9, 2000) has really intrigued me as I am interested in education and, more particularly, in curricula.

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Thu, 21 Sep 2000

JP/Mulia restructures debt

Mulia restructures debt JAKARTA (JP): Publicly listed floor tile and glass distributor PT Mulia Industrindo said on Thursday it and its subsidiaries had reached an agreement with creditors on terms for the restructuring of its US$260 million debt with them.

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Thu, 21 Sep 2000

JP/Spotlight

SpotlightPhoto A: ANZSYNERGY: Bank Danamon and ANZ Panin Bank sign a working contract on Best Nationwide Banking vision, where ANZ Panin credit-card holders can now pay their bills at any Bank Danamon branch. Present at the signing on Sept. 8, 2000, was (from right) Bank Danamon Directors Armand B.

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Thu, 21 Sep 2000

JP/Dibyo denies attending meeting at Cendana

Dibyo denies attending meeting at Cendana JAKARTA (JP): Former National Police chief Gen. (ret) Dibyo Widodo denied on Wednesday that he attended a meeting at Soeharto's house where the former president ordered several top officials from the military and the police to retake the Indonesian ...

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Thu, 21 Sep 2000

JP/The virtue of democracy indispensable

The virtue of democracy indispensable A number of friendly countries have suggested solutions to Indonesia's problems.

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Thu, 21 Sep 2000

JP/New team of medical doctors to check Soeharto's health

New team of medical doctors to check Soeharto's health JAKARTA (JP): Attorney General's Office spokesman Yushar Yahya announced on Wednesday that a new team of medical experts would thoroughly examine former president Soeharto before the next session of his corruption trial on Sept. 28, 2000.

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Thu, 21 Sep 2000

JP/Oil price to slide with output increase

Oil price to slide with output increase JAKARTA (JP): Secretary-general of the Organization of Petroleum Exporting Countries (OPEC) Rilwanu Lukman was upbeat OPEC members would be able to pump an additional 800,000 barrels per day (bpd) into the market next month and the oil price ...

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Thu, 21 Sep 2000

JP/City expects surplus revenue of $77 million

City expects surplus revenue of $77 million JAKARTA (JP): Governor Sutiyoso on Wednesday submitted a proposal to the council to amend the ongoing (April-December) 2000 city budget following an unexpected surplus in the city's revenue which could reach around Rp 669.

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Thu, 21 Sep 2000

JP/Warm U.S.-China trade relations unlikely to last

Warm U.S.-China trade relations unlikely to lastBy Adam Entous WASHINGTON (Reuters): Sino-U.S. trade relations warmed on Tuesday with final passage of legislation granting China permanent low-tariff access to United States markets, but do not expect the honeymoon to last.At the urging of U.S.

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Thu, 21 Sep 2000

JP/RI galleries to take part in ArtSingapore 2000

RI galleries to take part in ArtSingapore 2000 JAKARTA (JP): Four Indonesian galleries, along with another 17 galleries from Asia, will take part in ArtSingapore 2000 next week.

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Thu, 21 Sep 2000

JP/China WTO entry pushes reform at a price

China WTO entry pushes reform at a priceBy Bill Savadove BEIJING (Reuters): China's entry to the World Trade Organization (WTO), given the stamp of approval by U.S.

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Thu, 21 Sep 2000

JP/Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on Sept. 20, 2000: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo ...

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Thu, 21 Sep 2000

JP/Where to go in Bali:

Where to go in Bali:Exhibitions * Photo Exhibition Borneo: Air Mata Api, Borneo, Tears of Fire by Rama Surya at Komaneka Fine Art Gallery, Monkey forest, Ubud, Gianyar, Bali (Phone: 0361 976090), through Oct. 14. * Painting Exhibition: Kebiar Seni VI Bibit, at Museum Puri Lukisan, Jl.

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Thu, 21 Sep 2000

JP/Notorious car thieves busted

Notorious car thieves busted JAKARTA (JP): City Police detectives have arrested two groups of car thieves earlier this month at separate locations, including the notorious gang known for always killing their victims after robbing them, spokesman Supt. M. Nur H. Usman said on Wednesday.

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Thu, 21 Sep 2000

JP/American arrogance

American arrogance East Timor is once again becoming a thorn in Indonesia's side. Even though it has become an independent country, the old thorn still hurts and is causing Indonesia's image to bleed. This time it is even threatening a halt in all international economic aid to Indonesia.

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Thu, 21 Sep 2000

JP/Violence in troubled Aceh claims more lives

Violence in troubled Aceh claims more lives BANDA ACEH, Aceh (JP): The latest violence, which broke out in different parts of the troubled province over the past two days, has claimed at least five lives and injured four others, a police officer said on Wednesday.North Aceh Police chief Supt.

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Thu, 21 Sep 2000

JP/Pick of the Flicks

Pick of the FlicksHollywood KC Final Destination 14:15 16:55 19:05 21:15 Road Trip 14:55 17:35 19:45 21:55 Joan of Arc 14:15 17:15 20:15 Komodo 14:55 17:35 19:45 21:55 Any Given Sunday ...

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Thu, 21 Sep 2000

JP/E. Java complains of numerous VIP visits

E. Java complains of numerous VIP visits SURABAYA (JP): The frequent visits of Jakarta VIPs have swallowed up the East Java annual protocol budget, an official said on Tuesday.

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Thu, 21 Sep 2000

JP/Two Indonesian pairs move into finals, Hendrawan survives

Two Indonesian pairs move into finals, Hendrawan survivesBy Primastuti Handayani SYDNEY (JP): Hendrawan kept Indonesia's hopes of winning the badminton men's singles title in the 2000 Olympic Games alive after he edged out world champion Sun Jun of China 15-13, 15-5 on Wednesday for a place in ...

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Thu, 21 Sep 2000

JP/New doors open to the mystery of Rawana

New doors open to the mystery of RawanaBy I Wayan Juniarta DENPASAR, Bali (JP): Two scholars shed new light on the character of Rawana (or Ravana) during a three-day International Conference on Ramayana and Mahabharata held here last week.Rawana is the embodiment of evil.

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Thu, 21 Sep 2000

JP/Two great epics offer social guidance in Asia

Two great epics offer social guidance in AsiaBy Rita A. Widiadana JIMBARAN, Bali (JP): For several centuries, Ramayana and Mahabharata epics have remained as part and parcel of social milieu of many countries in Asia.

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Thu, 21 Sep 2000

JP/Councillors ask for land and cars

Councillors ask for land and cars JAKARTA (JP): City councillors took office less than a year ago, bringing with them high expectations from the public, but now stories are appearing in the media that these same councillors have picked up the bad habits of their predecessors.

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Thu, 21 Sep 2000

JP/East Timor human rights trial should go on: Muladi

East Timor human rights trial should go on: Muladi JAKARTA (JP): A member of the defense team representing military officers accused of violence in East Timor last year said on Wednesday they would not use the "non-retroactive principle" recently inserted into the 1945 Constitution to dodge a ...

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