Britain to meet 250m jets bill
Article Abstract:
Indonesia has declared that it is no longer able to keep up with payments underwritten by the UK Government, and as a result the taxpayer is to foot a bill worth GB 250mn. The money was used to buy Hawk jets and other military hardware. However, a further delivery of 16 hawks with a value of GB 300mn will go ahead early on in 1999. The Treasury has issued a guarantee that it will find the money for British Aerospace, the company manufacturing the aircraft, if Indonesia is unable to find the money. Indonesia currently has outstanding debt to Britain of GB 1.7bn under the Export Credit Guarantee Scheme, of which GB 800mn is for arms. If and only if, Indonesia's economic situation diminishes will it begin to catch up payments it has missed in 2003. Until such a time the UK Government will ensure that costs are covered. The declaration has further enforced the issue over trade with Indonesia. Objections had been stated over human rights issues, as well as for political reasons. It now seems evident that there are commercial factors which suggest that trade was not a good idea. t
Comment:
Indonesia: Fails to keep up with payments underwritten by UK govt for money used to buy Hawk jets & other military hardware
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
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Suhartos sell boltholes in UK for 11m pounds sterling
Article Abstract:
Members of the family of former Indonesian President Haji Mohamed Suharto are finding it harder to travel freely to and from London, England, because of investigations into the family's finances being undertaken in Jakarta, Indonesia. For this reason, the family is selling three homes in London. The sale of these properties could raise 11 million pounds sterling. It is reported that members of the Suharto family lived in great luxury in these homes.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1999
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'Tens of thousands trucked out against their will.'
Article Abstract:
Many ordinary people in Dili, East Timor, have been killed by militiamen following the strong vote in favour of independence from Indonesia. Large numbers of refugees are being taken away against their will, while homes are being burnt and churches attacked. The United Nations (UN) has been forced to abandon its bases, and UN officials are now confined to the compound in Dili, along with almost 2,000 Timorese refugees and foreign journalists.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1999
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