Rupiah bucks an emerging-market trend

Article Abstract:

The Indonesian rupiah rebounded amid the emerging Asian market trend of currency devaluation. Rupiah appreciated 19% in August 1998 which is largely attributed to the currency stabilization program implemented by the Indonesian government and the foreign financial aid. Foreign donors promised $7.9 bil and the International Monetary Fund has added another $1 bil to the $43 bil bailout program. The rupiah was traded in several stock markets at 10,800 to the dollar compared to the 13, 150 value at the end of July 1998.

Administration of General Economic Programs, Currency Stabilization Programs, Analysis, Economic aspects, Monetary policy, Currency stabilization

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Bond prices appear mostly resilient in Indonesia

Article Abstract:

Indonesian bond prices have remained bullish despite the continued social unrest and RAPP International Finance's early redemption of its $300 million bond. RAPP took back the bond early due to an obscure "mandatory redemption clause" ordering companies that sold off a certain percentage of its assets to redeem bonds at a price of 101. The problem for RAPP was the bond price was well below the price of 111 at which the bonds were priced before the company made the announcement.

Securities and Commodity Exchanges, Security and commodity exchanges, Securities Exchanges, Prices and rates, Exchanges, Securities, Bonds, Bonds (Securities), Credit market, Credit markets, RAPP International Finance

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Why not leave Bali behind? Peace and quiet can be found just a splash away from Jakarta

Article Abstract:

Indonesia boasts of many islands, many of which are near the capital city of Jakarta, that offer both relaxation and exciting exotica such as Thousand Islands, Carita Beach, Pulau Putri and Pulau Air. Clean beaches abound in these areas, many of which house many native flora and fauna. Of course, Bali is still the most famous tourist destination but travelers who have neither the time nor the energy to travel far from Jakarta can readily avail of these other locations.

Description and travel

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