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

Fri, 04 May 2001

JP/Police release all Suripto's personnel

Police release all Suripto's personnel JAKARTA (JP): City police have released three men arrested on Monday for illegal possession of weapons allegedly under the employ of former secretary-general of the forestry ministry, Suripto.

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Fri, 04 May 2001

JP/Utut still has shot at World Chess C'ship

Utut still has shot at World Chess C'ship JAKARTA (JP): Grand Master (GM) Utut Adianto still has a chance of winning a ticket to the World Chess Championship although he failed in the 32 a Asian Zonal Championship in Manila on Monday.

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Fri, 04 May 2001

JP/Ongko, Samadikun leave detention

Ongko, Samadikun leave detention JAKARTA (JP): The Attorney General's Office released on Thursday businessmen Kaharudin Ongko and Samadikun Hartono, both suspects in bank scams, from their detention and placed them under house arrest instead.

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Fri, 04 May 2001

JP/Citibank disappointment

Citibank disappointment I am writing this letter as a result of frustration with Citibank Indonesia.

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Fri, 04 May 2001

JP/Arroyo must exercise restraint

Arroyo must exercise restraint The Philippines has survived its black May Day surprisingly well. Residents of Manila were shocked by the sudden burst of violence by a rampaging mob on Monday night and into Tuesday. But by yesterday, there was a mood in the city of getting back to business.

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Fri, 04 May 2001

JP/Aphrodite bar is fit to be tried

Aphrodite bar is fit to be tried JAKARTA (JP): One is naturally a bit skeptical going to a bar/restaurant located in what is, on the main, a fitness club.

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Fri, 04 May 2001

JP/Parties eye more than reshuffle

Parties eye more than reshuffle JAKARTA (JP): Major political parties stressed here on Thursday that they wanted more than a mere Cabinet reshuffle from embattled President Abdurrahman Wahid.

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Fri, 04 May 2001

JP/Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on May 3, 2001: Shares Close Change Trading Volume --------------------------------------------------------------- Ades Alfindo ...

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Fri, 04 May 2001

JP/Prijadi ill, budget debate delayed

Prijadi ill, budget debate delayed JAKARTA (JP): The government has delayed the deliberation of the revised 2001 state budget with the House of Representatives on account of the finance minister Prijadi Praptosuhardjo taking ill, according to Coordinating Minister for the Economy Rizal Ramli.

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Fri, 04 May 2001

JP/May Day tests Pakistani leadership

May Day tests Pakistani leadershipBy Gagan Deep LONDON: May Day in Pakistan seems to have been too difficult an acid test of the democratic resolve of the country's military rulers. Despite Chief Executive Gen.

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Fri, 04 May 2001

JP/PDI-P leadership

PDI-P leadership Virtually all the major political parties have warmed to the initiative of the Indonesian Democratic Party of Struggle (PDI Perjuangan) for their leaders to meet to discuss the future of the nation.

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Fri, 04 May 2001

JP/Full facilities in troubled areas prepared for judges

Full facilities in troubled areas prepared for judges JAKARTA (JP): Supreme Court Deputy Chief Justice M.

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Fri, 04 May 2001

JP/Chandra Asri debt workout approved

Chandra Asri debt workout approved JAKARTA (JP): After 19 months of tedious negotiations and high-level lobbying, the government has managed to persuade Japan's Marubeni Corp. to agree to its latest proposal to restructure the massive debt of petrochemical giant PT Chandra Asri.

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Fri, 04 May 2001

JP/Gus Dur plans Thai visit to boost trade

Gus Dur plans Thai visit to boost trade JAKARTA (JP): Palace officials on Thursday confirmed that President Abdurrahman "Gus Dur" Wahid was going ahead with a visit to Thailand later this month despite being caught in a battle for his political survival.

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Fri, 04 May 2001

JP/Fears grow that Myanmar talks may run aground

Fears grow that Myanmar talks may run agroundBy Andrew Marshall YANGON (Reuters): Fears are growing in Myanmar that landmark talks between the ruling generals and opposition leader Aung San Suu Kyi are deadlocked, and that the process could founder unless clear signs of progress emerge soon.

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Fri, 04 May 2001

JP/RI wood exports may fall short

RI wood exports may fall short JAKARTA (JP): The Ministry of Industry and Trade warned on Thursday Indonesia might not be able to reach the 10 percent growth target for its wood products exports this year due to weak market demand, following the global economic slowdown.

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Fri, 04 May 2001

JP/RI bids to host Asian Kempo C'ships

RI bids to host Asian Kempo C'ships JAKARTA (JP): The Indonesian Kempo Association (Perkemi) will bid to host the 2003 Asian Championships after failing in its bids to host the 2001 Taikai (World Championships), which were given to Paris, and the 2005 Taikai to be held in Tokyo.

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Fri, 04 May 2001

JP/KPEN warns govt not to overtax businesses

KPEN warns govt not to overtax businesses JAKARTA (JP): The National Economic Recovery Committee (KPEN) urged the government on Thursday not to burden local companies with more taxes in its efforts to reduce the widening deficit in the country's state budget.

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Fri, 04 May 2001

JP/Kostrad chief visits border

Kostrad chief visits border ATAMBUA, East Nusa Tenggara: The Army Reserve Strategic Command chief Lt. Gen. Ryamizard Ryacudu visited the border between East Timor and East Nusa Tenggara on Thursday.Ryamizard said his visit was to inspect the latest security conditions between the two territories.

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Fri, 04 May 2001

JP/Gramedia bookstores remove 'leftist' titles from shelves

Gramedia bookstores remove 'leftist' titles from shelves JAKARTA (JP): Gramedia, the country's largest bookstore chain, is removing books on communism from its shelves in response to threats from anticommunist groups who threatened to raid the stores and burn the books.

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Fri, 04 May 2001

JP/Aussie businessman faces expulsion

Aussie businessman faces expulsion PADANG, West Sumatra: Provincial authorities have threatened to revoke the working permit of Australian Rick Camerron for allegedly misusing the name of Governor Zainal Bakar to promote his surfing company on Mentawai island.

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Fri, 04 May 2001

JP/Corpse findings shock locals

Corpse findings shock locals JAKARTA (JP): Residents of Cempaka Putih area in Central Jakarta and Depok were shocked on Thursday with the finding of two corpses.Cempaka Putih subprecinct police chief Comr.

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Fri, 04 May 2001

JP/Newmont and pollution

Newmont and pollution I have always tried to avoid telling people how to do their jobs, but I find myself thrust into that position having just finished reading the article titled Activists accuse PT Newmont of polluting (The Jakarta Post, May 1, 2001).

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Fri, 04 May 2001

JP/Test case for justice in Philippines

Test case for justice in Philippines SINGAPORE: Is the Philippines going back to the bad old days of coups d'etat? President Gloria Arroyo's declaration of a 'state of rebellion' bodes ill for a government that has just marked its 100th day in office.

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Fri, 04 May 2001

JP/Polls weigh up India's communists

Polls weigh up India's communistsBy Kamil Zaheer NEW DELHI (Reuters): The Soviet Union may have disintegrated and the Berlin Wall may have fallen, but there is still a communist government in India's West Bengal.

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Fri, 04 May 2001

JP/Trawler hijacked, captain murdered

Trawler hijacked, captain murdered JAKARTA (JP): After floating for two days without clear direction, a plundered trawler was finally guided into Sunda Kelapa Port in North Jakarta on Thursday morning, with the dead captain found frozen.

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Fri, 04 May 2001

JP/It's cool to shoot pool for capital's youth

It's cool to shoot pool for capital's youthBy Monique Natalia JAKARTA (JP): The five young women, all around the age of 20, were dressed like they were ready to dance the night away.

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Fri, 04 May 2001

JP/City officials, police squabble over hoodlum fund

City officials, police squabble over hoodlum fund JAKARTA (JP): While the operation against hoodlums has not yet been accomplished, amid doubts by experts over its effectiveness, the city administration and the police have now been involved in an argument over the disbursement of the allocated Rp ...

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Fri, 04 May 2001

JP/No Olympic bid for silat, official says

No Olympic bid for silat, official says JAKARTA (JP): The International Pencak Silat Federation (Persilat) refuted reports that it would bid to have the Indonesian martial art included in the Olympic Games.

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Fri, 04 May 2001

JP/Military rejects delegating security matters to Aceh

Military rejects delegating security matters to Aceh JAKARTA (JP): The Indonesian Military (TNI) and National Police have rejected a proposal to give the Aceh provincial government authority for security arrangements within the troubled province.TNI Chief Adm. Widodo A.S.

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Fri, 04 May 2001

JP/500 street traders protest raid

500 street traders protest raid JAKARTA (JP): A newspaper deliver boy joined about 500 street traders in a rally at the City Council on Thursday, demanding the council help restore their right to do business on Jakarta streets.Unfurling banners and posters, one of them reading "Jakarta for all.

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Fri, 04 May 2001

JP/RI diplomats to benefit from French scholarships

RI diplomats to benefit from French scholarships JAKARTA (JP): The French government has granted scholarships for young Indonesian diplomats hone their diplomatic skills and study the French language.

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Fri, 04 May 2001

JP/A where-to guide to hunting for VCDs in the capital

A where-to guide to hunting for VCDs in the capitalBy Joko E.H. Anwar JAKARTA (JP): No doubt about it that it's a dry week for movie openings. There is the formulaic Steven Seagal Exit Wounds, a giant mutating killer spider flick ingeniously titled Spiders and a routine Hong Kong entry.

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Fri, 04 May 2001

JP/PSN restructures debts

PSN restructures debts JAKARTA (JP): Satellite communications provider PT Pasifik Satelit Nusantara (PSN) has won approval from its creditors to restructure its US$213 million debts.

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Fri, 04 May 2001

JP/Israel awaits Syrian move in Lebanon

Israel awaits Syrian move in LebanonBy Jeffrey Heller JERUSALEM (Reuters): Locked in battle with the Palestinians, Israel appears to have bought itself a measure of quiet on the northern front with last month's air strike against a Syrian radar base in Lebanon.

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Fri, 04 May 2001

JP/185 Afghans stranded in Bima

185 Afghans stranded in Bima BIMA, West Nusa Tenggara: A boat carrying 185 illegal immigrants from Afghanistan on Wednesday drifted ashore in Pusu Waworanda Bay on Sumbawa island, some 65 kilometers south of here, Antara reported.

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Fri, 04 May 2001

JP/War's mind field: Soldiers coping with mental injuries

War's mind field: Soldiers coping with mental injuriesBy Sara Ebner LONDON: It is almost 20 years since John shot the young Argentinean soldier but he can still see him, close up, in his mind's eye. "He was probably around my age. Afterwards I searched him and it turned out he wasn't armed.

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Fri, 04 May 2001

JP/Bulog considers nontariff barrier to curb rice imports

Bulog considers nontariff barrier to curb rice imports JAKARTA (JP): The State Logistics Agency (Bulog) is considering imposing nontariff barriers on rice imports in a bid to protect local farmers, according to Bulog chief Widjanarko Puspoyo.

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Fri, 04 May 2001

JP/Angklung master Mang Udjo dies

Angklung master Mang Udjo dies Udjo Ngalagena, a noted artist who dedicated much of his life to the traditional Sundanese bamboo music angklung, died early on Thursday at the age of 72.He was buried later in the day in a cemetery near his home in Sirnagalih village in Paduka, Bandung.

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Fri, 04 May 2001

JP/France invites RI amateur boxers

France invites RI amateur boxers JAKARTA (JP): Local amateur boxers were given a rare opportinity to enrich their skill when France invite them for an exhibition in Indian Oceania Festival, an official said on Thursday.

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Fri, 04 May 2001

JP/I'm no Arroyo: Megawati

I'm no Arroyo: Megawati JAKARTA (JP): Despite the many similarities she shares with Gloria Macapagal-Arroyo, Vice President Megawati Soekarnoputri refused on Thursday any comparison with the Philippines president.

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Fri, 04 May 2001

JP/JSX considers bonds to finance remote trading

JSX considers bonds to finance remote trading JAKARTA (JP): The Jakarta Stock Exchange (JSX) plans to issue bonds or commercial papers worth up to Rp 23.5 billion (US$2.11 million) to help finance the development of its remote trading system this year.

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Fri, 04 May 2001

JP/Route change causes traffic jam

Route change causes traffic jam JAKARTA (JP): Officials took on one of the city's traffic problem areas on Thursday to poor results, with cars backed up from Jl. Asia Afrika to Jl. Hang Tuah in Senayan, Central Jakarta.Private vehicles on Jl.

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Fri, 04 May 2001

JP/40 venues for KL SEA Games

40 venues for KL SEA Games JAKARTA (JP): The organizing committee of the Kuala Lumpur Southeast Asian Games will use 40 venues to host the biennial event from Sept. 8 to Sept. 17.Bernama reported that the venues would be located in Penang, Johor, Klang Valley and Negeri Sembilan.

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Fri, 04 May 2001

JP/Nokia opens 16th retail outlet

Nokia opens 16th retail outlet JAKARTA (JP): Nokia Mobile Phones Indonesia opened its 16th retail outlet at Mal Taman Anggrek on Thursday to further increase service to its mobile phone users, Nokia's general manager for Indonesia Shaun Colligan said.

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Fri, 04 May 2001

JP/Time for RI to humanize security

Time for RI to humanize securityBy Makmur Keliat JAKARTA (JP): Following the fall of Soeharto in May 1998, discussion of the need for constitutional reform, new electoral laws and decentralization have continued unabated.

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Fri, 04 May 2001

JP/Students rob bus passengers

Students rob bus passengers BEKASI (JP): Eight armed high school students robbed on Thursday several passengers on a bus plying the Bekasi - Pulogadung route.

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Fri, 04 May 2001

JP/Pick of the Flicks

Pick of the FlicksHollywood KC Spiders 14:15 16:55 19:05 21:15 Miss Congeniality 14:55 17:35 19:45 21:55 The Gift 14:15 16:55 19:05 21:15 The Mexican 14:55 17:35 19:45 21:55 Exit Wounds ...

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Fri, 04 May 2001

JP/Six die in C. Java accident

Six die in C. Java accident BOYOLALI, Central Java: Six people were killed in a traffic accident near the village of Teras in Mojosongo district, Boyolali, Central Java on Thursday evening.Boyolali Police chief Adj. Sr. Comr. V.

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Fri, 04 May 2001

JP/Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Advertising Postcards, Gallery RPC, Jl. Suryo 8 Kebayoran Baru, South Jakarta, until May 31. * Painting Bersama Perempuan Menuju Abad 21, Sahid Jaya Hotel, Jl. Jend. Sudirman no. 86, Central Jakarta, May 4. * Painting by Rusli, Galeri Lontar, Jl.

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Fri, 04 May 2001

JP/Sutiyoso proposes new structure

Sutiyoso proposes new structure JAKARTA (JP): City Governor Sutiyoso officially proposed a new bylaw to the City Council on Thursday on a revised organizational structure for the city administration that will remove the new governor's power to take administrative action against city officials.

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Fri, 04 May 2001

JP/RI soccer team prepares for hostile crowd

RI soccer team prepares for hostile crowd JAKARTA (JP): Playing only the second away match of its 2002 Wold Cup qualifying campaign on Sunday, the Indonesian soccer team is wary of host Maldives' supporters.

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Fri, 04 May 2001

JP/Cibinong stalls destroyed by mobs

Cibinong stalls destroyed by mobs BOGOR (JP): Tens of street-side stalls and kiosks at Cibinong market, Bogor regency, were raised to the ground by angry mobs on Wednesday night.

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Fri, 04 May 2001

JP/RI pepper exports rise

RI pepper exports rise JAKARTA (JP): Indonesian pepper exports increased slightly between January and March to 5,659 metric tons from 5,510 tons during the same period last year, the International Pepper Community reported.

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Fri, 04 May 2001

JP/RI secures slot in Asia Cup semis

RI secures slot in Asia Cup semis JAKARTA (JP): Indonesia secured a semifinal ticket to the US$170,000 Asia Cup after continuing its winning streak by defeating Hong Kong 3-0 in the second Group A round-robin match at the Singapore Indoor Stadium on Thursday.

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Fri, 04 May 2001

JP/No ecstasy in solving drug problems: Surjadi

No ecstasy in solving drug problems: Surjadi JAKARTA (JP): Indonesia now has the notorious distinction of being a drug exporting country, particularly in the illegal production and distribution of ecstasy pills.

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Fri, 04 May 2001

JP/Rupiah rate May 3

Rupiah rate May 3 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 10,615.00 11,615.00 11,059.00 11,171.

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Fri, 04 May 2001

JP/Investigation into Ginandjar graft case halted

Investigation into Ginandjar graft case halted JAKARTA (JP): The Attorney General's Office has decided to halt an investigation into corruption charges against former minister of mines and energy Ginandjar Kartasasmita, pending the verdict of the Supreme Court over its objection to a lower ...

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