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

Fri, 28 Sep 2001

JP/IOC must reject harboring of terrorists

IOC must reject harboring of terroristsBy Anak Agung Banyu Perwita ADELAIDE, Australia (JP): Debate is growing following the U.S.'s controversial plan of "retaliation" against terrorists.Some in the Muslim world say the U.S.

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Fri, 28 Sep 2001

JP/Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Sukarno's collections; paintings, batik, statues, Chinese ceramics, kris, photos, Gedung Pola, Jl. Proklamasi 56, Central Jakarta, until Oct. 15. * Painting Back to Basic by Randhy Bugis, Mini Gallery, the Japan Foundation, Summitmas I, Jl. Jend. Sudirman Kav.

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Fri, 28 Sep 2001

JP/By Pande Radja Silalahi

By Pande Radja Silalahi South Korea has enjoyed spectacular economic growth over the last few decades. In the 1960s, South Korea's per capita income was fairly similar to that of Indonesia's.

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Fri, 28 Sep 2001

JP/Tension high in Glodok area

Tension high in Glodok area JAKARTA (JP): Tension was high in the Glodok area in Kota, Central Jakarta, on Thursday, after Taman Sari Public Order Officers demolished VCD vendors' stands along the road during a raid on the vendors on Wednesday night.

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Fri, 28 Sep 2001

JP/Mandiri sets pricing formula for BII acquisition

Mandiri sets pricing formula for BII acquisition BERNI K. MUSTAFA The Jakarta Post Jakarta State owned Bank Mandiri said on Thursday the acquisition price of Bank Internasional Indonesia (BII) depended on how much capital the latter needed to meet the minimum required capital adequacy ratio ...

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Fri, 28 Sep 2001

JP/Rights activists concerned over terrorism agency

Rights activists concerned over terrorism agency JAKARTA (JP): The Indonesian Military chief's proposal to establish a new antiterrorist agency has sparked fear among human rights activists of a resurrection of the New Order regime's dreaded internal security agency (Kopkamtib).

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Fri, 28 Sep 2001

JP/The government's Semen Gresik dilemma

The government's Semen Gresik dilemmaBy Vincent Lingga JAKARTA (JP): The cash-starved government will raise almost Rp 5 trillion (US$520 million) if it exercises a put option to sell its 51 percent stake in the Semen Gresik cement holding company to Mexico's Cemex before Oct. 26.

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Fri, 28 Sep 2001

JP/PSM and Persija win first matches

PSM and Persija win first matches MAKASSAR, South Sulawesi (JP): Host PSM and Jakarta-based Persija won their first matches of the Indonesian Soccer League's Eastern division quarterfinals at Mattoangin Stadium here on Wednesday.

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Fri, 28 Sep 2001

JP/Ismuhadi questioned

Ismuhadi questioned JAKARTA (JP): City police questioned Tengku Ismuhadi on Thursday afternoon at city police headquarters in relation to Sunday's bomb blast at Atrium Plaza, Senen, in Central Jakarta.

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Fri, 28 Sep 2001

JP/Women-trafficking uncontrolled: Expert

Women-trafficking uncontrolled: ExpertBenget T. Simbolon The Jakarta Post in Jakarta Trafficking in women is rampant here due to inadequate legal instruments and weak law enforcement, a researcher said on Thursday.

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Fri, 28 Sep 2001

JP/Face to face with Osama

Face to face with OsamaBy Rahimullah Yusufzai PESHAWAR, Pakistan: The fax rolled off the machine into the offices of Al-Jazeera Television on Sunday, and a world preparing for war paused for a moment to read it.

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Fri, 28 Sep 2001

JP/2002, a hectic year

2002, a hectic year Described as Land of the Morning Calm and Light of the East, South Korea and its 45.9 million population is set to host two of the world's most exciting sports events in 2002 and give its best welcome to the participating delegates, guests and dignitaries.

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Fri, 28 Sep 2001

JP/Tension high after raid on VCD vendors in Glodok

Tension high after raid on VCD vendors in Glodok JAKARTA (JP): Tension was high in the Glodok area in Kota, Central Jakarta, on Thursday, after Taman Sari Public Order Officers demolished VCD vendors' stands along the road during a raid on the vendors on Wednesday night.

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Fri, 28 Sep 2001

JP/20 arrested for drug cases

20 arrested for drug cases JAKARTA (JP): Three foreigners are among 20 people arrested in the past two weeks for drug-related crimes, police said.City police detective chief Sr. Com. Adang Rochyana said that the suspects were arrested in the period between Sept. 11 and Sept. 25.

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Fri, 28 Sep 2001

JP/Gusmiati Suid in intensive care

Gusmiati Suid in intensive care JAKARTA (JP): Prominent choreographer Gusmiati Suid was still under intensive care at the Medistra hospital in South Jakarta on Thursday after being taken to the hospital's Intensive Care Unit two days earlier, a hospital member of staff said.

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Fri, 28 Sep 2001

JP/Confusing situation

Confusing situation I have never been a member of a political party and have rarely participated in any political activity, except the national general elections.

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Fri, 28 Sep 2001

JP/Higher salary will not curb corruption: Tamin

Higher salary will not curb corruption: Tamin JAKARTA (JP): A debate on the fight against corruption practices has surfaced again as two ministers and legislators differ in their concepts on how to eradicate the fraudulent conduct.

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Fri, 28 Sep 2001

JP/Can nations drop the terror habit?

Can nations drop the terror habit? King Abdullah of Jordan had an interesting idea. He told the American interviewer Larry King last week that some countries had unquestionably supported terrorists.

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Fri, 28 Sep 2001

JP/The Semen Gresik dilemma

The Semen Gresik dilemmaBy Vincent Lingga JAKARTA (JP): The cash-starved government will raise almost Rp 5 trillion (US$520 million) if it exercises a put option to sell its 51 percent stake in the Semen Gresik cement holding company to Mexico's Cemex before Oct. 26.

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Fri, 28 Sep 2001

JP/Home favorite Angie cruises into Bali quarters

Home favorite Angie cruises into Bali quarters NUSA DUA, Bali (JP): Indonesian starlet tennis player Angelique Widjaya cruised to the quarterfinals while compatriot Wynne Prakusya slumped at the US$170,000 Wismilak International tennis tournament here on Thursday.

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Fri, 28 Sep 2001

JP/U.S. asks Indonesia

U.S. asks Indonesia to freeze bin Laden assetsBernie K. Mustafa The Jakarta Post in Jakarta In its global campaign against terrorism, the U.S.

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Fri, 28 Sep 2001

JP/Lombok joins bin Laden hunt

Lombok joins bin Laden hunt MATARAM, West Nusa Tenggara (JP): "Osama fever" has hit Lombok, an island near Bali famous for its sun, sand and sea.

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Fri, 28 Sep 2001

JP/ Publicly listed PT Bakrie Finance Corporation (BFC), a

Publicly listed PT Bakrie Finance Corporation (BFC), a subsidiary of the Bakrie & Brothers Group, and its creditors have agreed to appoint PriceWaterhouseCoopers (PWC) as an independent financial advisor to oversee its debt restructuring scheme.

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Fri, 28 Sep 2001

JP/Champions earns home win in Kemang

Champions earns home win in Kemang JAKARTA (JP): When you want to catch a big game and, par for the course, your trusty old TV has decided to throw a wobbler, what are you going to do? Well, the answer is pretty obvious, you're going to go to a sports bar if you have any sense!Which one?Well, to ...

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Fri, 28 Sep 2001

JP/Megawati told to regain lost market confidence

Megawati told to regain lost market confidenceBy Fabiola Desy Unidjaja and Kornelius Purba TOKYO (JP): Japanese business leaders and top government officials told visiting President Megawati Soekarnoputri that they were ready to make more investments and provide additional money to Indonesia if ...

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Fri, 28 Sep 2001

JP/Regional officers to get education in Singapore

Regional officers to get education in Singapore BANDUNG, West Java: Civil servants of the public administration offices in regional areas will be sent to Singapore to get training on how to deal with the implementation of regional autonomy.

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Fri, 28 Sep 2001

JP/Indonesia asked to freeze bin Laden's assets

Indonesia asked to freeze bin Laden's assets JAKARTA (JP): In its global campaign against terrorism, the U.S. government has asked Indonesia to freeze assets belonging to Osama bin Laden, although Bank Indonesia said it needed evidence against bin Laden to back up the request.

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Fri, 28 Sep 2001

JP/TV today

TV todayTVRI 5:00 a.m. Religious Teachings 6:00 News 8:00 Environment 8:45 City News 10:00 Children's Song 10:30 30 Minutes with Anita Rahman 11:00 Regional News 11:30 Music 12:00 p.m.

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Fri, 28 Sep 2001

JP/Missing evidence questioned

Missing evidence questioned TANGERANG (JP): A defendant in a drug case burst into tears after finding out that Rp 10 million and three cellular phones belonging to her which had been confiscated by the police were missing.The defendant, Erni bin Muchtadi, 37, a resident of Jl.

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Fri, 28 Sep 2001

JP/BFC appoints PWC as advisor

BFC appoints PWC as advisor JAKARTA (JP): Publicly listed PT Bakrie Finance Corporation (BFC), a subsidiary of the Bakrie & Brothers Group, and its creditors have agreed to appoint PriceWaterhouseCoopers (PWC) as an independent financial advisor to oversee its debt restructuring scheme.

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Fri, 28 Sep 2001

JP/1,300 return from Malaysia

1,300 return from Malaysia PONTIANAK, West Kalimantan: At least 1,300 Indonesian workers working at a wood processing company in Bintulu, Malaysia, have returned to their hometowns in Pontianak and Sambas due to a dispute with their employers, a police officer said.Comr.

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Fri, 28 Sep 2001

JP/Enjoy all-in-one shopping-recreation

Enjoy all-in-one shopping-recreation JAKARTA (JP): Some shopping centers and malls in the capital are trying to pamper local shoppers by providing a variety of facilities, as shoppers visit these centers not only to shop but also to have fun.Several malls run facilities to attract visitors.

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Fri, 28 Sep 2001

JP/'HMFD not an alarming disease'

'HMFD not an alarming disease' JAKARTA (JP): The city health agency called upon the public to remain calm amid the reemergence of hand, foot and mouth disease (HFMD), which had recently afflicted a number of children here.

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Fri, 28 Sep 2001

JP/Rentals for retail space rise as demand continues to grow

Rentals for retail space rise as demand continues to grow JAKARTA (JP): An increase in demand for retail space over the past several months has resulted in an increase in rentals, and the trend is likely continue.

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Fri, 28 Sep 2001

JP/Hunting for unique but cute mementos

Hunting for unique but cute mementos JAKARTA (JP): You have a flight back home in the next couple of days, or tonight maybe, but still have not got something to give to your family and friends. Don't worry.

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Fri, 28 Sep 2001

JP/New PGI chief must play by the rules

New PGI chief must play by the rules JAKARTA (JP): The next chairman of the Indonesia Golf Association (PGI) must be someone who possesses the quality of being able to run the association based upon strict compliance with the rules, according to a golf observer.

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Fri, 28 Sep 2001

JP/It's not only about Tae Kwon Do and Kim chi

It's not only about Tae Kwon Do and Kim chi JAKARTA (JP): Indonesia is currently home to over 20,000 South Koreans.

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Fri, 28 Sep 2001

JP/House to choose BI deputy governors next month

House to choose BI deputy governors next month JAKARTA (JP): The House of Representatives will choose new deputy governors for Bank Indonesia in the second week of October, ending the vacuum which has left the three positions empty since early this year.

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Fri, 28 Sep 2001

JP/Beddu blames Soeharto

Beddu blames Soeharto JAKARTA (JP): Former State Logistics Agency (Bulog) chief Beddu Amang has blamed former president Soeharto for a land swap deal that caused some Rp 95.4 billion in state losses.

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Fri, 28 Sep 2001

JP/Amien warns against resorting to jihad

Amien warns against resorting to jihad JAKARTA (JP): People's Consultative Assembly Speaker Amien Rais warned Muslims in Indonesia not to easily resort to jihad (holy war) against the United States unless it proceeded with its aggression threat on Afghanistan in a blind rage.

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Fri, 28 Sep 2001

JP/JP/4/BANYU

JP/4/BANYUWorld Islamic body must reject harboring of terrorists By Anak Agung Banyu Perwita ADELAIDE, Australia (JP): Debate is growing following the U.S.'s controversial plan of "retaliation" against terrorists. Some in the Muslim world say the U.S.

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Fri, 28 Sep 2001

JP/The government's Semen Gresik dilemma

The government's Semen Gresik dilemmaBy Vincent Lingga JAKARTA (JP): The cash-starved government will raise almost Rp 5 trillion (US$520 million) if it exercises a put option to sell its 51 percent stake in the Semen Gresik cement holding company to Mexico's Cemex before Oct. 26.

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Fri, 28 Sep 2001

JP/Polysindo to complete restructuring

Polysindo to complete restructuring JAKARTA (JP): The country's largest integrated textile producer PT Polysindo Eka Perkasa, a member of the debt-ridden Texmaco Group, is hoping to finalize its debt restructuring program with the Indonesian Bank Restructuring Agency (IBRA) by year-end.

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Fri, 28 Sep 2001

JP/On diphtheria

On diphtheria Referring to the article New diphtheria strain alters vaccine policy published in The Jakarta Post on Aug. 18, 2001, I would like to make some clarifications to avoid any misunderstanding among our readers.

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Fri, 28 Sep 2001

JP/Tension high after raid on VCD vendors in Glodok

Tension high after raid on VCD vendors in Glodok JAKARTA (JP): Tension was high in the Glodok area in Kota, Central Jakarta, on Thursday, after Taman Sari Public Order Officers demolished VCD vendors' stands along the road during a raid on the vendors on Wednesday night.

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Fri, 28 Sep 2001

JP/Light-hearted fun in anachronistic 'A Knight's Tale'

Light-hearted fun in anachronistic 'A Knight's Tale'By Joko E.H. Anwar A Knight's Tale, *** out of four stars; Comedy/Adventure, 123 minutes; Starring: Heath Ledger, Rufus Sewell, Paul Bettany, Shannyn Sossamon, Mark Addy, Alan Tudyk, Laura Fraser; Directed by Brian Helgeland; A Columbia Pictures ...

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Fri, 28 Sep 2001

JP/Activists in

Activists in fret over antiterrorist agencyMuhammad Yazid The Jakarta Post in Jakarta The Indonesian Military chief's proposal to establish a new antiterrorist agency has sparked fear among human rights activists of a resurrection of the New Order regime's dreaded internal security agency ...

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Fri, 28 Sep 2001

JP/Government to lower telecoms construction target

Government to lower telecoms construction target JAKARTA (JP): The government will lower the target for the country's telecommunications development to a more realistic level, bearing in mind that the country has yet to overcome its economic crisis, a senior official has said.

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Fri, 28 Sep 2001

JP/Mandiri sets pricing scheme for BII takeover

Mandiri sets pricing scheme for BII takeover JAKARTA (JP): State-owned Bank Mandiri said on Thursday that the acquisition price of Bank Internasional Indonesia (BII) depended on how much capital BII needed to meet the minimum capital adequacy ratio (CAR) requirement of 8 percent.

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Fri, 28 Sep 2001

JP/Maan takes one shot lead at Epson Cup 2001

Maan takes one shot lead at Epson Cup 2001 BOGOR, West Java (JP): Maan Nasim took a one-stroke lead over Anthony Sinclair of Australia after the first round of the Rp 370 million (US$38,900) Epson Cup at the Jagorawi Golf and Country Club in Bogor, West Java, on Thursday.

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Fri, 28 Sep 2001

JP/Message from Ambassador

Message from AmbassadorChen Shiqiu Good neighborliness and mutual trust The beginning of a new century witnesses the 52nd Anniversary of the People' s Republic of China. For 52 years, China has traveled tortuous road and experienced trials and hardships.

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Fri, 28 Sep 2001

JP/Women trafficking rampant, law enforcement weak

Women trafficking rampant, law enforcement weak JAKARTA (JP): Trafficking in women is rampant here due to inadequate legal instruments and weak law enforcement, a researcher said on Thursday.

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Fri, 28 Sep 2001

JP/Govt to lower telecoms construction target

Govt to lower telecoms construction target TANTRI YULIANDINI The Jakarta Post Jakarta The government will lower the target for the country's telecommunications development to a more realistic level keeping in mind that the country has yet to overcome its economic crisis, a senior official said.

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Fri, 28 Sep 2001

JP/Sculptors stick to what they know in Jakarta

Sculptors stick to what they know in JakartaBy Yusuf Susilo Hartono JAKARTA (JP): A statue of a goddess, playing a mandolin in a standing position wearing a transparent dress with her long hair blown by the wind welcomes visitors at Taman Ismail Marzuki's Galeri Cipta in Central Jakarta.

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Fri, 28 Sep 2001

JP/Rupiah Rates Sept.27

Rupiah Rates Sept.27 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 9,160.00 10,160.00 9,612.00 9,708.

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Fri, 28 Sep 2001

JP/JP/4/BANYU

JP/4/BANYUWorld Islamic body must reject harboring of terrorists By Anak Agung Banyu Perwita ADELAIDE, Australia (JP): Debate is growing following the U.S.'s controversial plan of "retaliation" against terrorists. The Muslim world is also divided, with those saying the U.S.

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Fri, 28 Sep 2001

JP/JAKARTA (JP): The police are planning to raid housemaid

JAKARTA (JP): The police are planning to raid housemaid recruitment agencies that are believed to be used as a cover for the trafficking of women, especially underage girls, for prostitution.

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Fri, 28 Sep 2001

JP/Comfort women demand government attention

Comfort women demand government attention JAKARTA (JP): A group of elderly women forced by Japanese soldiers to be comfort women in the period between 1942 and 1945 reiterated their demand on Thursday that the government pay attention to their fate.

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Fri, 28 Sep 2001

JP/Megawati told to regain lost market confidence

Megawati told to regain lost market confidenceFABIOLA DESY UNIDJAJA AND KORNELIUS PURBA The Jakarta Post Tokyo Japanese business leaders and top government officials told visiting President Megawati Soekarnoputri that they were ready to pour more investments, and to provide more fresh money to ...

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Fri, 28 Sep 2001

JP/Higher pay won't curb graft: Tamin

Higher pay won't curb graft: TaminPetrus Sugiyo The Jakarta Post in Jakarta A debate on the fight against corruption practices has surfaced again as two ministers and legislators differ in their concepts on how to eradicate the fraudulent conduct.

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Fri, 28 Sep 2001

JP/Railway authority seize 1060 fake tickets

Railway authority seize 1060 fake tickets PURWOKERTO, Central Java: Official at PT KAI, that manages the railway operation here, said on Thursday that the company had arrested three suspects and confiscated 1060 fake tickets at a railway station in Kutoarjo, about 100 kilometers east of the city.

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Fri, 28 Sep 2001

JP/The Microsoft case

The Microsoft case Although somewhat obscured by the specter of an anti-terrorist war that is hanging over the world in the wake of the Sept.

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Fri, 28 Sep 2001

JP/Telkomsel expands network

Telkomsel expands network JAKARTA (JP): Mobile telephone network provider PT Telkomsel announced on Thursday it was entering into cooperation with four mobile telephone vendors -- Nokia, Motorola, Siemens and Ericsson -- for network expansion across Indonesia, a senior executive said.

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Fri, 28 Sep 2001

JP/PSM and Persija win first matches

PSM and Persija win first matches MAKASSAR, South Sulawesi (JP): Host PSM and Jakarta-based Persija won their first matches of the Indonesian Soccer League's Eastern division quarterfinals at Mattoangin Stadium here on Wednesday.

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Fri, 28 Sep 2001

JP/Raids to deal

Raids to deal with women trafficking Emmy Fitri The Jakarta Post in Jakarta The police are planning to raid housemaid recruitment agencies that are believed to be used as a cover for the trafficking of women, especially underage girls, for prostitution.

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Fri, 28 Sep 2001

JP/U.S. citizens allowed to leave

U.S. citizens allowed to leave JAKARTA (JP): Because of rising security threats against Americans in the country, the U.S. government warned its citizens on Thursday to defer travel to Indonesia and allowed all its nonessential personnel to leave the country.The U.S.

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Fri, 28 Sep 2001

JP/Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Sept. 27, 2001: Shares Close Change Trading Volume --------------------------------------------------------------- Ades Alfindo ...

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Fri, 28 Sep 2001

JP/Promoting economic cooperation with Indonesia

Promoting economic cooperation with Indonesia Promoting economic cooperation between two nations By Dr. Yul Kwon Economic relations between Indonesia and Korea have expanded significantly over the past decades.

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Fri, 28 Sep 2001

JP/Madurese, Dayaks need government mediation

Madurese, Dayaks need government mediation JAKARTA (JP): The government had stopped short of playing a mediatory role in efforts being made to reconcile Central Kalimantan's indigenous Dayaks and Madurese migrants, a Dayak community leader announced on Wednesday.K.M.A.

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Fri, 28 Sep 2001

JP/Housemaid recruitment agencies to be raided

Housemaid recruitment agencies to be raided JAKARTA (JP): The police are planning to raid housemaid recruitment agencies that are believed to be used as a cover for the trafficking of women, especially underage girls, for prostitution.

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Fri, 28 Sep 2001

JP/Japan rules out debt haircut possibility

Japan rules out debt haircut possibilityBy Fabiola Desy Unidjaja and Kornelius Purba TOKYO (JP): Japanese Prime Minister Junichiro Koizumi told visiting President Megawati Soekarnoputri here on Thursday that Japan could under no circumstances accede to a request for debt relief as this would run ...

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Fri, 28 Sep 2001

JP/Council approves revised city budget

Council approves revised city budget JAKARTA (JP): All factions of the City Council have approved the revised city budget of Rp 8.14 trillion (US$856.8 million) for 2001, an increase of 8.6 percent from about Rp 7.5 trillion approved last December.Some Rp 5.

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Fri, 28 Sep 2001

JP/JAKARTA (JP): The police are planning to raid housemaid

JAKARTA (JP): The police are planning to raid housemaid recruitment agencies that are believed to be used as a cover for the trafficking of women, especially underage girls, for prostitution.

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