Word: hamengku
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Last week in Geneva, Indonesian Foreign Minister Adam Malik and Economics Minister Sultan Hamengku Buwono faced an extraordinary audience of businessmen.* In a three-day meeting sponsored by Time Inc., top executives of European, Japanese, Australian, Cana dian and U.S. companies gathered to hear just how vital foreign investments can be to the future of Indonesia...
...Suharto had once again had his way. The streamlined model had 29 members, and Suharto was not only chair man of its powerful, five-man inner presidium, but also army boss and defense minister. Malik was in the presidium, together with the third member of the reigning triumvirate, Sultan Hamengku Buwono IX of Jogjakarta. Suharto's quiet triumph had not been with out its compromises. Two of Sukarno's most ineffectual and most obsequious plin-plan (yes) men had been dropped from the presidium, but as a face-saving gesture to Sukarno, it still included two politicians...
...Economics Boss Hamengku Buwono IX, the Sultan of Jogjakarta, flew to Tokyo to make his bid for $100 million in emergency loans and credit, announced that the new regime had decided to rejoin such Sukarno-hated institutions as the United Nations and the International Monetary Fund...
...most telling indictment of Sukarno was made on the grounds of his past economic policies by Deputy Premier Hamengku Buwono IX, the Sultan of Jogjakarta, who is the third man in the triumvirate with Suharto and Foreign Minister Adam Malik. Indonesia owes $2.4 billion to foreign creditors, said the sultan, and faces economic collapse unless it receives foreign aid. Its economy is so inflated that prices may rise 1,000% this year. The sultan reversed Sukarno's socialism by inviting new foreign investment and a strengthening of the private sector, also called for a halt to grandiose building projects...
...Javanese drama, had saved a few Sukarno associates for minor roles. But the men who would call the shots were Suharto, in charge of defense and security; brainy former Ambassador to Moscow Adam Malik, in charge of foreign affairs as well as social and political matters; and widely respected Hamengku Buwono IX, the Sultan of Djokjakarta, in charge of economic, financial and developmental affairs. Back in the government, though not in the top rank, was General Abdul Haris Nasution, dumped by Sukarno as Defense Minister in February in a move that set the Indonesian political pot aboiling. With Suharto, impassive...