Word: indonesianness
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Dates: during 2000-2009
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...attack could strengthen the hand and the resolve of Indonesia's do-nothing chief, President Megawati Sukarnoputri, allowing her to stand up to terrorism and begin seriously addressing the country's economic problems. "Will this wake her into decisiveness and action?" asks Tom Lembong, a former official at the Indonesian Bank Restructuring Agency. "That's really the multi-million dollar question...
...getting back to normal." Last week, a regional high school soccer tournament, scheduled to take place in Jakarta, was hastily moved to Malaysia, taking scores of families and probably thousands of tourist dollars with it. But the real pain may come in lost jobs, since tourism supports 12 million Indonesians. "A drop in a million tourists potentially means a million unemployed," says Alistair Speirs, chairman of the Indonesian chapter of the Pacific Asia Travel Association. The country is already hard pressed. The unemployment rate is about 8%?and two million young Indonesians enter the job force each year...
...Social unrest, militant unions, wrongheaded economic policy and rapacious local businessmen out to gain by hook or by crook contribute to what global investors call "political risk." It's something Indonesia has in spades. In June, in an apparent power struggle with its former Indonesian partner, a local unit of Canadian insurer Manulife Financial Corp. was declared bankrupt by a domestic court despite the fact that the operation was solvent and profitable. The inexplicable decision, made because Manulife didn't pay a dividend to shareholders in 1999, was later overturned, but not before the case received international publicity. Partly...
...Security concerns, too, continue to dog foreign operators, who are targets for myriad Indonesian groups with grievances and agendas. Last year, ExxonMobil closed its gas field in Aceh for four months due to safety concerns as violence escalated in the region, where separatist rebels are fighting a guerrilla war against the government. Now 3,000 government troops guard the site, but turmoil continues. Earlier this year, a bicyclist carried a pipe bomb to within a few hundred meters of the front gate of the gas field operation when the bomb detonated prematurely, killing him. "Indonesia is becoming the Nigeria...
...wake of a particularly horrific blast in Bali, provided the answer: Asia offers the softest targets, often because its governments and police forces lack either the will or the way to crack down on extremist groups. In Bali last week, tourists and locals alike were outraged by revelations the Indonesian government ignored warnings from the U.S. that groups linked to al-Qaeda were active in the country. (The British and Australian governments denied allegations they had been told about a possible attack in Bali.) President Megawati Sukarnoputri's administration had also repeatedly snubbed requests from Malaysia and Singapore to arrest...