Millions in Indonesia lose jobs, and poverty ranks grow: economic crisis eats away at employment; officials recommends plan to assist small business
Article Abstract:
A report by the International Labor Organization's Jakarta office reports that four mil Indonesians in the construction and manufacturing sector have lost their jobs as a result of the Indonesian economic crisis. The number is expected to swell between eight mil to nine mil in 1998 and is expected to aggravate the worsening employment situation for newly-graduates from secondary and higher education schools. Estimates of Indonesians living below the poverty line has been placed at 32.4 mil, compared to only 22.5 mil in 1996.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Changing of the port guards
Article Abstract:
Indonesia's Directorate General of Customs and Excise is expected to regain inspection control of commercial cargo entering the country. The revert of control to the government, which from 1985 until 1991 was delegated to the Swiss surveying firm Societe Generale de Surveillance SA for preshipment inspection, is feared by importers to result in port congestion and corruption.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: New funds in Asia are turning to more global themes: diversity may revive sales amid region's economic crisis, which left many investors burned
- Abstracts: Consumer survey in China reveals surprising trends. Cash crop in China. Some fund managers see Taiwan crisis as an opportunity for bargain-hunting
- Abstracts: In the deep end: economic crisis and tough IMF-set targets await Sharif. Rule of law: court cuts government's power to appoint judges
- Abstracts: Honda takes lead in race to launch Asia car with Thailand assembly plan. part 2 Toyota is close to unveiling its plans for Asian car as Honda launch nears
- Abstracts: Bankers expect Japanese lending to Asia will continue. Losing heart: Japan's glum outlook could depress shares