Word: jakarta
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...real business of Asia is now unmistakably business. Every country seems to be chasing after the Japanese economic miracle. Everybody is talking about growth rate, per capita income, foreign investment, development loans. Office skyscrapers and luxury hotels are blooming in Seoul, Manila, Jakarta and Singapore. Hong Kong is wall-to-wall skyline. It is all very heady and hopeful...
...Despite Suharto's triumph at the polls, Indonesia still suffers from the same endemic corruption, the same extremes of wealth and poverty that led, in part, to Sukarno's downfall. One clue to the potential depth of discontent: in the capital of Jakarta, a teeming (pop. about 6 million) city of shopping centers and new high-rise hotels that overlook crumbling shanty towns, the Muslim party, which had campaigned against the regime's abuse of power, won 46.7% of the vote, while Golkar got only 34.8%. Cabled TIME Correspondent Richard Bernstein, who spent ten days touring Indonesia...
...archipelago of 3,000 mineral-rich islands scattered over 3,000 miles of ocean. Just as it lured Arab traders and Dutch colonialists in centuries past, Indonesia today entices Western and Japanese businessmen interested in a financial killing. The sight of safari-suited foreigners sitting by the pools of Jakarta's luxury hotels, drinking Bintang beer and talking about pipelines, drill sites and tax laws, is testimony to the seductive pull of Indonesia's untapped natural resources...
High Grades. The bribery and bureaucratic malfeasance that nearly drove Pertamina under is far from rare in Indonesia. Says a Jakarta schoolteacher who is accustomed to rewarding the children of officers and bureaucrats with high grades in return for gifts from their fathers: "If you can get into the government, you can get rich." Unless they pay off, merchants find it all but impossible to get papers signed, exports loaded aboard ships or vital spare parts released from customs sheds. "The official just sits behind his desk and opens up a drawer," says the regional manager of an American company...
Shaw is the name that dominates the movie business of Southeast Asia. Shaw Brothers' films, produced at Shaw's Movietown, shot in Shawscope color and shown in 143 Shaw-owned theaters, attract 250,000 people a day from Hong Kong to Jakarta, plus thousands more in Chinatowns around the world. Shaw Brothers grind out 40 titles a year (newest crop: Black Magic, Killer Clans, Five Shaolin Masters)−a sort of column A, column B menu of Oriental weepers with suicidal beauties, or Eastern Westerns featuring Kung Fu Mandarins...