Paper chase: promissory notes scandal resurfaces
Article Abstract:
Seven years after Indonesia's National Defense and Security Council (NDSC) member Ibnu Hartomo signed promissory notes amounting to $3 billion, cases against Indonesia and businessmen selling the nullified notes are again turning up. Hartomo and Hasan Zubaidi of Zubaidi Trading exchanged promissory notes in 1985. Zubaidi's notes were subsequently determined worthless and the Bank of Indonesia nullified the notes signed by Hartomo in 1986. Indonesia is not accountable for the notes, according to lawyers and government officials, but companies and individuals who possess them argue that the government is liable for notes bearing the signature of NDSC members.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Struggle or smuggle: Vietnam sees border contraband, Cambodia sees red
Article Abstract:
The Vietnamese government wishes to stop the smuggling of goods into Cambodia, while the Cambodian government is more concerned with Vietnamese people encroaching on Cambodian land along the border. Vietnamese officials have tried to crack down on smugglers who avoid export tariffs and compete with legal Vietamese businesses. Vietnam wants Cambodia to help prevent smuggling. However, Cambodian officials are more concerned that the Vietnamese military along the border is supporting the Vietnamese who have moved onto Cambodian land. Accusations of invasion have angered Vietnamese officials.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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Unruly routes
Article Abstract:
Vietnam is belatedly struggling to control its unruly street traffic. With the number of cars doubling since 1990 to 330,0000, and motorbikes quadrupling to over four million, 19,000 people have been killed in the past five years. Driver's licenses are needed for motorcycles with engines larger than 70 cc beginning Aug 1, 1995, and the government is tightening restrictions on sidewalk vendors. Corruption may make these measures less effective, however, as many avoid the onerous procedures by simply paying more for a license, or bribing the police when stopped.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
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