Word: suharto
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Dates: during 1960-1969
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Given the near-total economic chaos left behind by Sukarno, improvement is bound to be slow. Still, in the 2½ years since President Suharto's government began its stabilization program, real progress has been made. At the moment, says a senior Western diplomat with long experience in Indonesia, "the internal situation is remarkably calm, and to anyone who has known Indonesia over the years, this is simply fantastic." With at least temporary political stability in hand, Suharto's small group of Western-trained economists has managed to balance Indonesia's budget for the first time...
...Singapore's famed Raffles Hotel, tour members lunched with Prime Minister Lee Kuan Yew, who warned against a precipitate withdrawal of U.S. troops from Viet Nam. At week's end the travelers jetted off to Indonesia for conferences with President Suharto and Foreign Minister Adam Malik. Visits to South Korea and Japan lay ahead before they crossed the international dateline on the trip home...
...Indonesia, other rioters seized on the fact that Singapore's population is mostly Chinese and staged rampages through Chinese sections, burning cars and shops. The two marines were given a state funeral in Djakarta. Last week tempers had begun to cool. Foreign Minister Adam Malik, backed by President Suharto, made it completely clear that there would be no break in relations. In a further attempt to hold ASEAN on course, he offered his nation's help in mediating the Sabah dispute...
Ford Limousine. That was a small enough price to pay in return for Suharto's broad emergency powers, but it showed a widespread doubt about the honesty of his government. With a Ford Galaxie for his official limousine and a middle-class bungalow for his residence, Suharto himself is not under suspicion. Some of his top generals, with larger houses and longer cars, most certainly are, including one group in charge of foreign rice purchases that has failed to account for millions of rupiahs. One unpleasant consequence of the government's reputation is that some overseas businessmen...
...nation's 110 million people are concerned, though, the most desperate need is a stable rice price, which Suharto has so far been unable to produce. Just in the past five months, a liter of rice has more than doubled in price (to 23?), and prices change from day to day-mostly upward. On the average, rice now costs the workingman 40% of his total income. It was rice, more than anything else, that was on the new President's mind when he admitted in his inaugural address: "The results achieved do not yet meet the wishes...