Audit ties millions in losses to unit's business practices

Article Abstract:

An audit by PriceWaterhouseCoopers of PT Telekomunikasi Indonesia has shown that the company maintains loose business practices that have resulted in losses of around $66 million over the period of about four years. PT Ariawest International has had a long-standing feud with Telekomunikasi over breach of contract and fraud, and is likely to use the audit information to win its case.

Financial management, COMMUNICATION, Communications, Broadcasting and Telecommunications, Telecommunications services industry, Telecommunications industry, Investigations, Confidential communications, Auditors, AT&T Wireless Services Inc., P.T. Telkomunikasi Indonesia Tbk, AWE, P.T. Aria West International

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Beloved, untried Megawati becomes president

Article Abstract:

Megawati Sukarnoputri was sworn in as Indonesia's fifth president last Monday, a move that is upsetting many Indonesians. The economy is concerned that Megawati will not be able to make the right decisions in office, nor be able to govern such a large country. Megawati succeeds the presidential seat of Abdurrahman Wahid.

National Government, Public Administration, Executive changes & profiles, Appointments, resignations and dismissals, Wahid, Abdurrahman

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Vice President Hamzah May Capitalize on Anti-U.S.Mood

Article Abstract:

Indonesia's President Megawati Kukarnoputri is facing criticism from her vice president as well as from Islamic political parties due to her support of the U.S.-led war against terrorism. Experts believe that Vice President Hamzah Haz, a conservative Muslim, may take advantage of the situation to increase his power.

Intnl Affairs & Finance, National Security and International Affairs, International politics, United States, Political activity, United States foreign relations, International relations, Indonesian foreign relations

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