Word: jakarta
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...Suharto offspring are known, were key participants in the family treasure hunt. Sigit, the eldest son, was apparently pushed into business by his mother, Madam Tien, whose own behind-the-scenes dealings in the 1970s earned her the nickname "Madam Tien Percent." Two sources who worked on Jakarta's Soekarno-Hatta International Airport project say that by the time its two terminals were finished in 1984, $78.2 million had been handed to Sigit in markups that appeared as cost overruns. Second son Bambang was given a slice of the lucrative business of importing and distributing basic commodities, such as wheat...
...June 7 parliamentary election, to be followed by a presidential vote in November, could change the political equation substantially. But Suharto has at least one strong legal shield: the presidential decrees that laid the foundation for Suharto Inc. were each carefully approved by his rubber-stamp parliament. Moreover, Jakarta has a statute of limitations on most offenses that would exclude crimes committed before 1981. For Suharto of Indonesia, that--along with $9 billion in an Austrian bank--should offer considerable comfort in retirement...
...With reporting by Zamira Loebis, Jason Tedjasukmana and Lisa Rose Weaver/ Jakarta, Laird Harrison/Los Angeles, Isabella Ng/Hong Kong, Kate Noble/London and other bureaus
...enough to stop massive layoffs. Ailing banks, high interest rates and many other problems still exist. If our country falls, the rest of the world will feel the effect. If these three men can help save Indonesia, then they really are the Committee to Save the World. JOHN SIMON Jakarta...
Between 1987 and 1997, half a trillion dollars flowed in from international investors. Initially the money was a godsend. It gave companies access to world-class technology and know-how. But in cities such as Jakarta or Kuala Lumpur or Bangkok, there aren't a whole lot of world-class companies. And as share prices of those rare firms rose, investors poured money into other, less well-run companies. At the height of the boom, in 1996, office space in Bangkok was commanding First World rents; in Jakarta supermodels Claudia Schiffer and Naomi Campbell inaugurated a Fashion Cafe...