Timor conflict hits business

Article Abstract:

Although Australia and Indonesia have typically maintained strong trade and business ties, the recent crisis in East Timor may have severely damaged the relationship. Australian executives headquartered in Indonesia are being harassed, some Indonesian suppliers are discussing trade blockades on essential products such as wheat and sugar, and protests against Australians are taking place. Australian companies are remaining in Indonesia despite dropping sales, and new investments in the region will continue.

Australia, Indonesia, Statistical Data Included, Australian foreign relations, Indonesian foreign relations, Foreign business enterprises

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Indonesia: clean-up then turnaround

Article Abstract:

Australia's economy will be greatly affected by the economic crisis in Indonesia. Approximately 300 Australian companies have over $3 billion in investments and $3.5 billion in approved projects that are at risk. Deregulation and growing trade between the two countries have increased their ties in spite of cultural and religious differences.

National Income & Expenditure, Analysis, Forecasts and trends, Economic development

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Newcomers on a roll

Article Abstract:

There are 23 new members of Business Review Week's Rich 200, a listing of the 200 richest Australians, in 1998. The new 23 include Paul and George Wallner, Brett Blundy and Sean Howard, who clocked in with an estimated A$395 million, A$200 million and A$135 million, respectively. The new 23 had a combined wealth of A$2.06 billion.

Personal Income & Distribution, Statistics, Rich, Rich people

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