Audit links Suharto family to corruption at power plant. (Indonesia)
Article Abstract:
Indonesia's government has opened investigation into allegations of bribery and corruption at PT Paiton Energy, following an audit of the electric power company. Family members of former Indonesian President Suharto are implicated in the corruption investigation.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2000
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Wahid Takes Hard Line With Foreign-Owned Indorayon
Article Abstract:
Indonesia's President Abdurrahman Wahid ordered the closure of PT Inti Indorayon Utama's rayon-producing operations, due to evidence of environmental damage on Sumatra island. Foreign interests own 86% of the company, and the move is seen as sending a strong message to big business regarding compliance with environmental laws.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2000
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Armed-forces leader urges nation to back new president
Article Abstract:
Indonesia's armed forces commander, Gen Wiranto, is exhorting Indonesians to support their new president, President BJ Habibie. Meantime, the Indonesian currency continued to decline, further impeding the economy and pounding key business sectors. According to bankers, if the rupiah fails to shore up, majority of the country's companies would be unable to settle their obligations even with an exchange-rate subsidy.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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