Word: indonesianness
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...Indonesian episode poses largely the same questions. According to Gustav F. Papanek, who served for six years as DAS director, the Indonesian government is "one of the most self-assured and independent governments-in the economic sphere-that I know of. They'll use foreigners for advice on technical problems, but there's no question who runs the show...
...analogy with Ayub is staggering. In the words of Richard Gilbert, who also served as field director in Indonesia, "an army which was originally a guerilla army, an army of independence, has been converted and now behaves like an army of occupation." The hope of the Indonesian people for a better life after the overthrow of Sukaron's abusive political and economic policies has met with mass murders, political concentration camps, and massive American "aid" and investment. And where does the DAS stand among all this...
...surprising change in the leadership of the recovery. In June and July, the rally was led by established blue chips. But lately the market has shown renewed symptoms of speculative fever. As a result, the list of the biggest percentage gainers since May is dominated by the names of Indonesian and Canadian oil producers, mobile-home builders and unclassifiable "special situation" issues (see box). To some Wall Streeters, this development suggests nothing so much as a case of mass amnesia among individual and institutional investors who, they fear, have forgotten that speculative issues took the worst beating during the December...
Rebuilding Viet Nam. Secrecy surrounds the identities of Asian dollar borrowers as well as depositors. It is known, however, that Asian dollar loans have helped to finance a government-sponsored hydroelectric plant in South Korea and the purchase of U.S. machinery by Indonesian manufacturers, and will shortly help major oil companies to purchase rigs for exploratory drilling off the coasts of Indonesia and Malaysia. Interest on the loans runs from 9% to 10%, which is about 1% above the rate paid to depositors...
...recent trip to New York, Sutowo broached over lunch the idea of an Indonesian restaurant in New York to several American oil company executives. Before the meal had ended, he had pledges of $25,000 from each of the Americans. Sutowo has already acquired property on Manhattan's East Side. Another of his pet plans is a foundation, to be called Pertamina International, which he plans to use to raise funds for Indonesian cultural and educational projects in the U.S. "We expect donations to come from Americans-people who are friendly to Indonesia." And who might they...