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

Tue, 30 Oct 2001

JP/Let us renew our spirit of nationalism, union

Let us renew our spirit of nationalism, union The following is an unofficial translation of the speech of President Megawati Soekarnoputri, delivered at the commemoration of Youth Pledge Day on Oct. 28 at the Cibubur camping ground, East Jakarta.

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Tue, 30 Oct 2001

JP/Man sentenced for murder

Man sentenced for murder TANGERANG: The Tangerang District Court sentenced on Monday a man to six years imprisonment for killing a neighbor, who was accused of assaulting the defendant's brother.

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Tue, 30 Oct 2001

JP/'CNN' becoming boring

'CNN' becoming boring CNN has become increasingly boring with the frequent mentioning of that infamous terrorist's name, the American heroes, the wave of national self-pity, the frequent denial of civilian casualties despite the thousands of pounds of bombs dropped.BBC is much more interesting.

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Tue, 30 Oct 2001

JP/Indonesia to replant rubber next year

Indonesia to replant rubber next yearReuters, Jakarta Indonesia, the world's second largest rubber producer after Thailand, will rehabilitate 100,000 hectares of rubber plantations a year for four years from 2002 to cut output and lift prices, the Agriculture Ministry said.

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Tue, 30 Oct 2001

JP/The flow of refugees and state obligation

The flow of refugees and state obligationMyint Zan, School of Social and Economic Development, University of the South Pacific, Suva, Fiji Islands Following the diplomatic and humanitarian crisis following the rescue of mostly Afghan refugees from a sinking Indonesian ship, a tragic disaster ...

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Tue, 30 Oct 2001

JP/RI told to speed up reforms to cope with slump

RI told to speed up reforms to cope with slumpVincent Lingga, The Jakarta Post, Hong Kong Indonesia had no alternative but to stay on course and speed up reforms and structural measures to cope with the likely full- blown global economic recession exacerbated by the impact of the Sept.

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Tue, 30 Oct 2001

JP/WTO paper seeks to address developing nations' concerns

WTO paper seeks to address developing nations' concernsNaomi Koppel, Associated Press, Geneva With less than two weeks until the start of the World Trade Organization meeting in Qatar, diplomats to the 142-nation organization plan to discuss new proposals that address the concerns of developing ...

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Tue, 30 Oct 2001

JP/Mega seen as moving too slowly in resolving economic woes

Mega seen as moving too slowly in resolving economic woesDadan Wijaksana, The Jakarta Post, Jakarta Although 100 days may be too short to evaluate the performance of President Megawati Soekarnoputri in tackling the country's deep economic problems, some say that her economic team has been moving ...

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Tue, 30 Oct 2001

JP/Anti-graft drive 'must start with govt officials'

Anti-graft drive 'must start with govt officials'Bambang Nurbianto and Abu Hanifah, The Jakarta Post, Jakarta President Megawati Soekarnoputri and high-ranking government officials will have to avoid corruption themselves if they want anticorruption campaigns to succeed, observers say.

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Tue, 30 Oct 2001

JP/PLN seeks foreign loans

PLN seeks foreign loansMoch. N. Kurniawan, The Jakarta Post, Jakarta The state-owned electricity company PLN is seeking foreign loans to finance power generation projects in a bid to avoid looming power shortages in Java and Bali in 2004.

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Tue, 30 Oct 2001

JP/Women painters still fail to be recognized

Women painters still fail to be recognizedIda Indawati Khouw, The Jakarta Post, Jakarta Ask people to name the greatest Indonesian painters in history and they will mention Raden Saleh, Affandi or Basoeki Abdullah.Missing something?Indeed.

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Tue, 30 Oct 2001

JP/Indonesian kids all victors in Spain

Indonesian kids all victors in SpainMusthofid, The Jakarta Post, Jakarta Three Indonesian teenage chess players made amends for their losses overnight with wins on Sunday in the seventh round of the World Youth Chess Championship in Oropesa del Mar, Spain.

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Tue, 30 Oct 2001

JP/Good quality and low prices alone not enough

Good quality and low prices alone not enoughKusnandi, Sales & Marketing Director, PT Excelcomindo, Jakarta The progress in business activities and increasing customer expectations have led to fierce competition both in luring new consumers and maintaining existing ones.

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Tue, 30 Oct 2001

JP/TV today

TV todayTVRI 5:00 a.m. Religious Teachings 6:00 News 8:00 Environment 8:45 News: Hallo, Metro Indonesia 10:00 Children's Songs 10:30 30 minutes with Anita Rahman 11:00 Regional News 11:30 Music 12:00 p.m.

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Tue, 30 Oct 2001

JP/Japan launches inspection of banks' risky loans

Japan launches inspection of banks' risky loansAgence France-Presse, Tokyo The government's financial watchdog said Monday it had started an unprecedented inspection of risky loans held by Japanese banks to discover the true extent of their bad debt, reports said.

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Tue, 30 Oct 2001

JP/Megawati gets tough on drug dealers

Megawati gets tough on drug dealersFabiola Desy Unidjaja, The Jakarta Post, Jakarta Criticized for its futile attempts to curb drug trafficking, the government has now decided to change tack.President Megawati Soekarnoputri has ordered National Intelligence Agency chief A.M.

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Tue, 30 Oct 2001

JP/Two ATMs stolen on Sunday

Two ATMs stolen on Sunday Two automatic teller machines (ATMs) were stolen on Sunday, resulting in Rp 261 million (US$26,100) in losses, a senior police officer said on Monday.City police spokesman Sr. Comr. Anton Bachrul Alam said the ATMs belonged to Bank Mandiri and Bank Prima Express.

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Tue, 30 Oct 2001

JP/Bank of Japan sees GDP shrinking

Bank of Japan sees GDP shrinkingYoko Nishikawa, Reuters, Tokyo Bank of Japan policymakers on Monday forecast an economic contraction for the current fiscal year, the first admission by the Japanese authorities of a likely recession in the world's second largest economy.

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Tue, 30 Oct 2001

JP/North Sumatra wins rowing gold

North Sumatra wins rowing gold MEDAN, North Sumatra: Host North Sumatra joined the gold medal winning clubs at the National Rowing Championships after three days of competition on Monday.

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Tue, 30 Oct 2001

JP/BI closes Unibank as CAR drops below zero

BI closes Unibank as CAR drops below zeroBerni K. Moestafa Apriadi Gunawan The Jakarta Post Jakarta/Medan Bank Indonesia closed on Monday the publicly listed PT Unibank, after days of massive runs against the bank had plunged its capital adequacy ratio (CAR) into negative territory.

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Tue, 30 Oct 2001

JP/Elite shuttlers to star in national championships

Elite shuttlers to star in national championshipsNovan Iman Santosa, The Jakarta Post, Jakarta The country's elite players dominate the seedings at the 2001 National Badminton Individual Championships at Bung Karno Badminton Stadium, which starts on Tuesday.

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Tue, 30 Oct 2001

JP/PDIP supports formation of Cirebon province

PDIP supports formation of Cirebon provinceNana Rukmana, The Jakarta Post, Cirebon, West Java The Indonesian Democratic Party of Struggle (PDI Perjuangan), a major faction in the Cirebon, Majalengka and Indramayu regency legislatures, gave its full support for the proposed establishment of the ...

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Tue, 30 Oct 2001

JP/Laila Dempster's portraits reveal hidden emotions

Laila Dempster's portraits reveal hidden emotionsMehru Jaffer, Contributor, Jakarta Lovely Laila Dempster has come a long way from the first portrait she sketched, of Adolf Hitler on the wall of her nursery.

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Tue, 30 Oct 2001

JP/Quake jolts Bengkulu, East Nusa Tenggara

Quake jolts Bengkulu, East Nusa TenggaraYemris Fointuna, The Jakarta Post, Bangka/Kupang A strong earthquake measuring 5.3 on the Richter scale shook Bengkulu early on Monday.No casualties have been reported as yet.

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Tue, 30 Oct 2001

JP/Flood hits C. Kalimantan

Flood hits C. Kalimantan PALANGKARAYA, Central Kalimantan: Heavy downpours over the last few days have led to flooding in Sampit, the capital of Kotawaringin Timur district, and Buntok, the capital of South Barito district.The floods have already reached around 1.

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Tue, 30 Oct 2001

JP/BI closes Unibank as CAR drops below zero

BI closes Unibank as CAR drops below zeroBerni K. Moestafa, The Jakarta Post, Jakarta Bank Indonesia closed on Monday the publicly listed PT Unibank, after days of massive runs against the bank had plunged its capital adequacy ratio (CAR) into negative territory.

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Tue, 30 Oct 2001

JP/Indonesia trailing against Norway in Bermuda Bowl

Indonesia trailing against Norway in Bermuda BowlMusthofid, The Jakarta Post, Jakarta With just two sessions remaining, Indonesia is trailing Norway by 54 Individual Match Points (IMPs) in their six-game quarterfinal match in the Bermuda Bowl World Bridge Championship in Paris on Sunday.

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Tue, 30 Oct 2001

JP/Asian shares mostly lower, slow reforms hit Tokyo

Asian shares mostly lower, slow reforms hit TokyoAssociated Press, Hong Kong Most Asian stock markets closed lower Monday, with the key indexes falling both in Tokyo and Hong Kong.Japan's benchmark 225-issue Nikkei Stock Average fell 182.85 points, or 1.69 percent, at 10,612.31.

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Tue, 30 Oct 2001

JP/PDIP supports development of Cirebon province

PDIP supports development of Cirebon provinceNana Rukmana The Jakarta Post Cirebon, West Java The Indonesian Democratic Party of Struggle (PDI Perjuangan), a major faction in the Cirebon, Majalengka and Indramayu regency legislatures, gave its full support for the proposed development of ...

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Tue, 30 Oct 2001

JP/Rupiah Rates Oct.29

Rupiah Rates Oct.29 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 9,765.00 10,765.00 10,214.00 10,316.

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Tue, 30 Oct 2001

JP/Damage to Monas regretted

Damage to Monas regrettedThe Jakarta Post, Jakarta The National Monument (Monas) park was dirty and in poor shape on Monday with parts of the pavement damaged and the grass trampled after an exhibition on regional autonomy that took place on the site.

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Tue, 30 Oct 2001

JP/TNI to downgrade territorial affairs post

TNI to downgrade territorial affairs postTiarma Siboro, The Jakarta Post, Jakarta In a move designed to go some way toward relinquishing its social and political roles, the Indonesian Military (TNI) will downgrade its territorial affairs post, which is currently directly subordinate to the TNI ...

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Tue, 30 Oct 2001

JP/Autonomy law revision 'not to centralize power'

Autonomy law revision 'not to centralize power'Tiarma Siboro, The Jakarta Post, Jakarta The Ministry of Home Affairs' director general for regional public administration, Sudarsono Hardjosoekarto, reiterated on Monday that a plan to revise the law on regional autonomy was aimed mainly at avoiding ...

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Tue, 30 Oct 2001

JP/Flooding continues, children miss classes

Flooding continues, children miss classesAgus Maryono, The Jakarta Post, Kebumen The floods that hit Kebumen, Banyumas and Cilacap regencies in southwest Central Java have been subsiding, but dozens of schools in the three regencies were still flooded or water damaged, preventing children from ...

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Tue, 30 Oct 2001

JP/JIFFest films

JIFFest films Thank you for publishing an article on the Jakarta International Film Festival (Jiffest) in the Sunday edition of The Jakarta Post (Oct. 28, 2001, JIFFest: A feast for movie enthusiasts).

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Tue, 30 Oct 2001

JP/OPEC seeking support from non-OPEC countries

OPEC seeking support from non-OPEC countriesAgence France-Presse, Vienna Experts from the OPEC oil cartel met Monday with non-OPEC producers to seek support for an output cut to boost crude prices, which have slumped to two-year lows since Sept.11.

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Tue, 30 Oct 2001

JP/Hundreds might lose their houses

Hundreds might lose their houses JAKARTA: Some four hundred families in the Pondok Kopi area, East Jakarta, will possibly lose their homes as the Mayor of East Jakarta has issued an order to demolish their village.

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Tue, 30 Oct 2001

JP/Wanted: Special prosecutors for Akbar

Wanted: Special prosecutors for AkbarKurniawan Hari, Tiarma Siboro, The Jakarta Post, Jakarta An anticorruption campaigner proposed on Monday that the Attorney General's Office assign special prosecutors to deal with the misappropriation of Rp 40 billion in funds from the State Logistics Agency ...

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Tue, 30 Oct 2001

JP/Satisfaction boosts profitability

Satisfaction boosts profitabilityPuji Astuti, The Jakarta Post, Jakarta A young woman met her tailor to have an evening gown made to wear to her friend's wedding party on the weekend.For the tailor, it was a difficult mission since such an order was usually completed in two weeks.

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Tue, 30 Oct 2001

JP/Govt to transfer management of airports to regions

Govt to transfer management of airports to regionsTantri Yuliandini, The Jakarta Post, Jakarta In the spirit of decentralization, the government will transfer the management of airports currently not managed by state-owned airport operators PT Angkasa Pura (AP) I and II to regional ...

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Tue, 30 Oct 2001

JP/No bank liquidation

No bank liquidation Central bank (BI) governor, Syahril Sabirin, has assured that there will be no bank liquidation, at least for this year -- a comforting statement amid reports that many banks have failed to meet the capital adequacy ratio requirement of 8 percent.

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Tue, 30 Oct 2001

JP/The central bank saga

The central bank saga The House of Representatives failed to select three new deputy governors of the central bank out of the nine candidates put forth early this year by Bank Indonesia Governor Sjahril Sabirin.

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Tue, 30 Oct 2001

JP/Unity in danger, Mega warns

Unity in danger, Mega warnsFabiola Desy Unidjaja, The Jakarta Post, Jakarta President Megawati Soekarnoputri warned on Monday that excessive ethnic pride, currently widespread in the country, posed a threat to national unity.

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Tue, 30 Oct 2001

JP/Paku Alam IX wins deputy gubernatorial election

Paku Alam IX wins deputy gubernatorial electionAsip A. Hasani, The Jakarta Post, Yogyakarta The head of Yogyakarta's Paku Alam royal family, Paku Alam IX, was elected as deputy governor on Monday, ending an unusual and tight vote contested by the heirs of the royal family.

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Tue, 30 Oct 2001

JP/U.S. Dollar Rates Oct.29

U.S. Dollar Rates Oct.29 Latest Previous %Chg Yen 122.36-39 122.67-75 -0.25 Euro 0.8982-87 0.8924-28 +0.65 Sterling* 1.4465-70 1.4352-60 +0.79 Swiss franc 1.6385-93 1.6509-15 -0.75 Canadian dollar 1.

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Tue, 30 Oct 2001

JP/More facts on Tibet

More facts on Tibet These are belated comments to Mehru Jaffer's article titled Tibetan monks dream of returning home in The Jakarta Post of Sept. 23, 2001. Mehru Jaffer needs to be corrected in many respects.

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Tue, 30 Oct 2001

JP/'Sweeping' unclear to some Jakartans

'Sweeping' unclear to some JakartansAnnastashya Emmanuelle, The Jakarta Post, Jakarta Although they have often heard of the word "sweeping", residents of Pondok Pinang area in South Jakarta have no clue about its meaning, let alone establishing an antisweeping forum to help protect foreigners in ...

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Tue, 30 Oct 2001

JP/'Asian recession different than '97'

'Asian recession different than '97'Agence France Presse, Hong Kong Economic growth in the Asia-Pacific region, excluding China, will plunge to 1-2 percent this year due to the global slowdown and in the wake of the terrorist attacks on the U.S., the IMF said Monday.

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Tue, 30 Oct 2001

JP/A useless war

A useless war The United States has intensified its attacks on Kabul and Kandahar in Afghanistan, and again, these strikes have claimed civilian lives, including those of children. Obviously, the targets were missed. Yet the whereabouts of the most wanted, Osama bin Laden, remains a mystery.

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Tue, 30 Oct 2001

JP/Kusmayanto elected ITB rector

Kusmayanto elected ITB rectorYuli Tri Suwarni, The Jakarta Post, Bandung Newly elected rector of the Bandung Institute of Technology, Kusmayanto Kardiman, has vowed to improve the institute's image and help students who have financial difficulties.

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Tue, 30 Oct 2001

JP/Entertainment centers 'feed over 1 million people'

Entertainment centers 'feed over 1 million people'Ahmad Junaidi and Damar Harsanto, The Jakarta Post, Jakarta The city administration urged Muslim organizations on Monday to support its decision to allow entertainment venues to operate undisturbed during the fasting month of Ramadhan, while ...

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Tue, 30 Oct 2001

JP/Vietnam should benefit from global malaise -W.Bank

Vietnam should benefit from global malaise -W.BankDavid Brunnstrom, Reuters, Hanoi Vietnam has weathered global slowdown much better than most regional rivals but should act to improve its investment environment to capitalize on opportunities presented by the malaise, the World Bank said on ...

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Tue, 30 Oct 2001

JP/Conserving our natural resources starts at the office

Conserving our natural resources starts at the officeBambang Parlupi, Contributor, Jakarta Take a moment to think about how much paper you waste every day, for example, at the office.Paper has become an integrated part of our lives, both at home and in the office.

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Tue, 30 Oct 2001

JP/Asylum seekers removed from UN office

Asylum seekers removed from UN officeThe Jakarta Post, Jakarta Police removed some 150 asylum seekers from Central Asia and the Middle East from the Arya building, which houses the UN High Commissioner for Refugees (UNHCR) office in Jakarta, on Monday.

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Tue, 30 Oct 2001

JP/Unibank closed as CAR drops below zero

Unibank closed as CAR drops below zeroBerni K. Moestafa, The Jakarta Post, Jakarta Bank Indonesia closed on Monday the publicly listed PT Unibank, after days of massive runs against the bank had plunged its capital adequacy ratio (CAR) into negative territory.

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Tue, 30 Oct 2001

JP/City celebrates Halloween

City celebrates Halloween JAKARTA: Halloween, which falls on Oct. 31, is now much celebrated here despite of the fact that it is not a traditional part of the country's culture.

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Tue, 30 Oct 2001

JP/Asian monies mixed late, data fears check dollar bulls

Asian monies mixed late, data fears check dollar bullsDow Jones, Singapore Asian currencies were mixed late Monday, with the market's appetite for U.S. dollars somewhat restrained by fears that U.S. economic data due this week may disappoint, dealers said.

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Tue, 30 Oct 2001

JP/Seven-month prison term sought for two activists

Seven-month prison term sought for two activistsMuninggar Sri Saraswati, The Jakarta Post, Jakarta Two university students are both facing a possible seven-month jail sentence for allegedly inciting chaos during a demonstration against the fuel price hike in June.

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Tue, 30 Oct 2001

JP/Electoral system needs major overhaul

Electoral system needs major overhaulKurniawan Hari, The Jakarta Post, Jakarta It is feared that preparations for the 2004 general election may be disrupted if lawmakers fail to reach a consensus on the presidential election system during the upcoming Annual Session of the People's Consultative ...

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Tue, 30 Oct 2001

JP/Asia should build oil reserve: EIA

Asia should build oil reserve: EIADow Jones, Singapore With petroleum demand in developing nations, particularly in Asia, outstripping the rest of the world, building oil stocks for energy security will become more of a priority, according to a senior economist with International Energy Agency.

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Tue, 30 Oct 2001

JP/Big fish need special pampering

Big fish need special pamperingJonminofri Nazir, Contributor, The Jakarta Post, Jakarta Would you like to be treated like a king by Telkomsel and be given a wide range of facilities for free? You could even have your number not appear on the receiver's cellular screen.

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Tue, 30 Oct 2001

JP/Common stance needed to fight terrorism

Common stance needed to fight terrorism Following the Sept. 11 terrorists attacks in the United States, what has become of the relations between Indonesia and the U.S.? Kornelius Purba of The Jakarta Post talked to former foreign affairs minister Ali Alatas.

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Tue, 30 Oct 2001

JP/Citibank and Bank BNI announced Monday that they had signed a

Citibank and Bank BNI announced Monday that they had signed a cooperation agreement allowing the former's credit card holders to make payment using the latter's automated teller machines and PhonePlus facility throughout Indonesia -- JP PT Anta Express Tour & Travel Service, an Indonesian tour ...

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Tue, 30 Oct 2001

JP/Where to go in Bandung:

Where to go in Bandung:Films * French Films at CCF - French Cultural Center, Jl. Purnawarman 32 (Phone: ...

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Tue, 30 Oct 2001

JP/Ending Indonesia's economic malaise: Fix the banks, quick!

Ending Indonesia's economic malaise: Fix the banks, quick!Christopher Lingle, Global Strategist, eConoLytics.com Indonesia's economy remains plagued by structural inefficiencies and the banking system is near collapse.

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Tue, 30 Oct 2001

JP/State secretary defends nomination of Da'i as new National Police chief

State secretary defends nomination of Da'i as new National Police chiefThe Jakarta Post, Jakarta State/Cabinet Secretary Bambang Kesowo expressed on Monday President Megawati Soekarnoputri's belief that Comr. Gen.

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Tue, 30 Oct 2001

JP/FDI in national airlines to be limited

FDI in national airlines to be limited The government said on Monday that it would limit foreign ownership in national airline companies to a maximum 49 percent to protect the continuance of air transportation in the country.

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Tue, 30 Oct 2001

JP/Banks maintain international credit exposure, says BIS

Banks maintain international credit exposure, says BISDow Jones, London Despite the worsening global economic outlook, banks' credit exposure to international corporations in the second quarter remained around the same level as in the first quarter, the Bank for International Settlements said ...

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Tue, 30 Oct 2001

JP/Villagers protest land annexation

Villagers protest land annexation PEKANBARU, Riau: About 500 people from three villages in Bangkinang subdistrict, Kampau Riau regency, came to the Riau governor's office to protest "the annexation" by the Air Force of large tracts of their communal land.

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Tue, 30 Oct 2001

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 29, 2001: Shares Close Change Trading Volume --------------------------------------------------------------- Ades Alfindo ...

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Tue, 30 Oct 2001

JP/EU chief calls for WTO competition policy pact

EU chief calls for WTO competition policy pactReuters, Budapest Europe's top anti-trust official on Monday urged the 142 members of the World Trade Organization (WTO) to push for an agreement on competition policy at talks in Qatar next month.

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Tue, 30 Oct 2001

JP/Surakarta to deport 3 expats

Surakarta to deport 3 expatsKartika Bagus C., The Jakarta Post, Surakarta, Central Java Bangladeshi Mukhtar Khan, 26, Australian Garry John Palmer, 61, and his seven-year-old daughter Tahani Wulandari, are awaiting deportation for staying illegally in Surakarta.

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