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...nearly as key to the region as a whole as is the U.S., Europe or Japan. Merrill Lynch economist T.J. Bond, for example, notes that although 20% of Asia's recent export growth may have come from China, 22.7% came from Europe. Likewise, although exports to China from Indonesia, Malaysia, the Philippines, Singapore and Thailand may have grown 30% in 2003, they still accounted for only 10.7% of those countries' total exports. "Of course a slowdown carries the risk of reducing exports to China," says Susan Adams, senior resident representative of the International Monetary Fund in Vietnam...

Author: /time Magazine | Title: Time to Cool Down | 5/17/2004 | See Source »

...before his arrest in March 2003, faces charges of attempting to build a terrorist organization - which his lawyers dismissed - and tax fraud, rather than the more serious charge of membership of a terrorist organization, which would require stronger evidence. Mega Setback INDONESIA The Golkar party of former dictator Suharto won April's parliamentary election with 21.6% of the vote, according to official results. The result is a blow to President Megawati Sukarnoputri, whose ruling PDI-P party came in second with 18.5% of the votes, down from 33.7% in 1999. Megawati faces re-election in July, and trails her former...

Author: /time Magazine | Title: World Watch | 5/9/2004 | See Source »

EAST TIMOR: You were only able to exploit those resources in the Timor Gap because you negotiated a good deal with Indonesia while it was illegally occupying our country. It was a political solution, not a legal one. As soon as we achieved independence, all bets were...

Author: /time Magazine | Title: Inside the Maritime Boundary Talks | 5/5/2004 | See Source »

...doing the wrong thing." "We all want to see East Timor prosper," says an Australian diplomat involved in the country's march to freedom. "But adjusting maritime boundaries is not the way to deliver redistributive justice." Nor is it a way to make Australia's other negotiations - particularly with Indonesia - any easier...

Author: /time Magazine | Title: Hands Off My Petroleum! | 5/4/2004 | See Source »

...image of non-Muslim security personnel firing rocket-propelled grenades and M-16s as they storm the most sacred mosque in Pattani province could serve as a rousing recruitment ad for Islamic radicals worldwide to join the jihad in Thailand. "There's a real danger that militants from Malaysia, Indonesia or the Arab world will now become involved in Thailand's internal conflict," says Anusorn Limmanee, a political scientist at Chulalongkorn University in Bangkok. Any involvement by outside extremists would also raise another grim specter: the possibility that the militants might turn their sights on the millions of foreigners...

Author: /time Magazine | Title: The Road to Jihad? | 5/3/2004 | See Source »

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