Economy is key for voters; region's crisis played large role in election
Article Abstract:
Indonesian voters had only one thing in mind as they trooped to the polls in Jun 1999 - to see the end of the two-year economic crisis. Some political parties focused on non-economic issues during the campaign period, but others pledged to engineer an economic revival through such measures as safety-net spending. Despite some signs of economic stabilization, Indonesians continue to be heavily affected by the crisis, with GDP falling by an estimated 14% in the fiscal year ending Mar 1999 and inflation reaching 60%. Many Indonesians, however, remain hopeful that the elections will lead to improvements in their quality of lives.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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Lautan Luas holds promise amid Indonesia's travails; specialty-chemical distributor seems robust, despite a moribund manufacturing economy
Article Abstract:
PT Lautan Luas shows growth at a time when every other firm in Indonesia is burdened with debt and has need for the International Monetary Fund-backed Jakarta Initiative. Jimmy Masrin, PT Lautan managing director, and Pranata Hajadi, his cousin and the firm's vice president, are forging a balance between attracting the attention of analysts and maintaining a low-profile. Lautan Luas, a distributor of specialty chemicals, which is close to half a century old, is not widely known, tiny and conservatively-run. The company, however, has long recognized how customers are valuable for business.
Comment:
Shows growth at a time when every other firm in Indonesia is burdened with debt and has need for IMF-backed Jakarta Initiative
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Indonesian retail group gets hyper over influx of big french markets
Article Abstract:
Two competing French hypermarket chains operating in Indonesia have been the subjects of charges of unfair competition by Aprindo, the Indonesian Retailers' Assn. Aprindo has accused both Carrefour SA and Promodes SA of selling below cost in some instances in an effort to increase market share, a practice that the group said threatens the local competition. Carrefour and Promodes, whose bold entry into the Indonesian market follows a number of violent lootings in Jakarta, denied the charges.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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