Paradise lost: Indonesian properties find new monikers to please Jakarta

Article Abstract:

The Indonesian government asked property developers and business owners in the country to replace English names with Indonesian names in preparation for the 50th anniversary of Indonesian independence in Aug. 1995. The Home Affairs Ministry explained such a move would bolster the position of Bahasa Indonesia, the national tongue, and help reinforce the national identity. Most firms willingly complied with the request, but others expressed some reluctance, especially when translations turned out to be nonsensical or inadequate.

Evaluation, Laws, regulations and rules, Language policy, Business names

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Suharto gives grandson's national-shoe project the boot

Article Abstract:

Indonesian President Suharto's opposition to any plan to compel the people to buy the same product effectively put a stop to PT Aryo Nusa Pakarti's plan to become Indonesia's exclusive supplier of school shoes for children. President Suharto's eldest grandson, Ari Haryo Wibowo Sigit Harjojudanto, is head of the company. Indonesian and foreign company executives would in all probability embrace the termination of the company's plan.

Other Footwear Manufacturing, Footwear, except rubber, not elsewhere classified, Children's Shoes, Planning, Footwear industry, Suharto, Powers and duties, PT Aryo Nusa Pakarti

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Singaporeans opt for dollars: most holders of ringgit steer clear of Malaysia

Article Abstract:

Singaporean banks report that almost all of their clients asked for their accounts to be converted into US dollars while only a few deposit holders elected to switch their ringgit accounts to Malaysia. This happened in the face of new currency controls announced by Malaysia on Sep 1, 1998. Malaysia limited the conditions under which persons may transfer ringgit out of the country.

Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Banking Regulation NEC, Banking industry, Economic aspects, Banks (Finance), Economic policy, Singapore, Malaysia, Banking law

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