Who's to blame for the crisis? Ordinary Indonesians are divided over pinpointing a culprit
Article Abstract:
Common people in Indonesia have mixed reactions to the currency crisis which has caused the decline of the local economy. Mobs place the blame on wealthy ethnic Chinese, ordinary people are still at a loss, President Suharto puts the blame on international financiers, while activists and other business sectors believe that the administration is largely to blame. Detractors of the administration cite its lack of action to ease the effects of the devaluation on purchasing power. The crisis has also adversely affected some small businesses which have lost virtually all their business due to a food shortage.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Chinese shopkeeper reflects: history of segregation perpetuates racial strain
Article Abstract:
Ethnic Chinese living in Indonesia still live with the possibility of being targeted by locals if racial violence and unrest erupts. Citizens such as shopkeeper Iwan Joewono, the son of a Chinese immigrant, feel the animosity of locals who resent the foreigners because of their ties with political figures, Catholic religion, and social standing. Mr. Joewono, who partook in an uprising against President Sukarno in the 1960s, barely escaped a mob lynching with his sisters while in a car in 1974.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Soothsayer saw crisis coming: when Lola speaks of future, Indonesians listen
Article Abstract:
Indonesian soothsayer Lola Hutagalung claims to have foreseen Indonesia's riots well before they occurred. In one instance, her inspection of a bloody thumb warned of Indonesia's bloody riots. Hutagalung claims to have foreseen many significant events in Indonesia, including the illness of President Suharto, the fall of the rupiah and the death of minister Soesilo Soedarman. Hutagalung's fortune telling service can be availed at a price of 3,000 rupiahs($3.50).
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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