Word: jakarta
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...power could ever emerge. But if Indonesians have come to expect his cryptic utterances, Suharto's inscrutable manner has unnerved international lenders trying to hammer out concrete programs to restructure the country's banking system and reschedule corporate debt. "What is this man about?" asked a Western banker in Jakarta. "Anytime you think you have a solution, he reshuffles the cards, and you have to start all over. It's brutal...
Late last week there was a spurt of optimism when the IMF said it was sending a team to Jakarta for talks on reviving the aid package. But by Saturday the mood dampened again as Suharto announced his new Cabinet and for the first time included a family member: his eldest daughter, known as "Tutut," who has extensive business interests. The new Trade Minister is chief crony Bob Hasan, a golfing partner dubbed "the Plywood King" for his control of the timber trade...
...JAKARTA: Indonesia's legislature handed President Suharto "broad new powers" Monday to crack down on protests over the economic crisis, which is made worse by fear that the aging strongman plans to defy IMF conditions for a bailout. Those powers are reported to include the right to dissolve parliament and ban opposition parties. Since Suharto already controls parliament, the military and even those opposition parties that he allows to operate, the legislature clearly had some difficulty in coming up with any powers that Suharto hadn't already claimed...
...JAKARTA: Indonesia?s President Suharto has Washington over a barrel -- and he knows it. ?We can?t afford to simply pull the plug on him," says TIME correspondent Bruce Van Voorst, "because if Indonesia fails, the ripple effect throughout Asia, and beyond, would hurt...
...much as 100%. But if we let the economies in Asian countries fail, would it be good for the U.S.? Asians would not be able to buy imported products. And if the U.S. cannot sell products to Asia, won't it mean less money for America? ANDY HALIMAN Jakarta...