Word: jakarta
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...trial of financier Eddy Tansil, who is accused of using letters of credit to swindle $436 million of government funds, DeTik published copies of letters written by former government officials that may implicate them in the fraud. "We had the same documents," says Susanto Pudjomartono, editor of the daily Jakarta Post, "but we didn't print them...
...tabloid's successful formula has also encouraged other publications to test the limits of the acceptable. Forum Keadilan, a biweekly newsmagazine, has used similar investigative techniques to boost its sales from 20,000 to 120,000 over the past year. Even the once cautious English-language Jakarta Post, with a 30,000 circulation, has doubled its Indonesian readership with more hard-hitting stories and editorials...
...begin with, Singapore is an offshore republic that tightly limits immigration. Imagine crime-ridden Los Angeles, to which Singapore is sometimes contrasted, with hardly any inflow of the hard-luck, often desperate fortune seekers who flock to big cities. Imagine in the same way Jakarta or Shanghai. Beyond that, Singapore began its life as a British colony designed to serve as a shipping, administrative and financial center. Today it is a highly skilled society without the urban sprawl and rural poverty that afflict larger nations. An analogue might be Manhattan incorporated as a republic between the Battery and 96th Street...
...group. Terms of the deal were not disclosed but it was rumored to be worth $40 million. In 1987 Chrysler paid $25 million for Lamborghini, mostly as a vanity nameplate; in recent years it has lost money. The buyer was Megatech, a Bermuda-based holding company owned jointly by Jakarta industrialist Setiawan Djody and Hutomo Mandala Putra, a son of Indonesian President Suharto...
...money by itself will not prevent the collapse of megacities. The troubles of a Karachi or a Jakarta will not disappear if planners from the World Bank rush in to build housing projects and a freeway system. Humanitarian aid in the form of food and medicine can be a godsend, but it will not give a city prosperity...