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The Cronies Return.(banking and Indonesia's economic challenges)
Protesters bring back powerful memories for Indonesian President Megawati Sukarnoputri. Her father, former president Sukarno, was pushed out in 1966, in part by angry mobs. The man who engineered his downfall, Suharto, was forced to step down in 1998 by massive protests over price hikes and rampant corruption. So over the past three weeks, as crowds of students and laborers railed at, yes, price hikes and corruption, Megawati panicked. Her dilemma: either reduce prices and deal a blow to the country's economic reforms or leave them in place and risk larger, potentially destabilizing demonstrations. At first, Megawati stood fast, telling Indonesians--half of whom live on ...
- ANALYSIS - INDONESIA READY TO FACE U.S. FINANCIAL CRISIS.
- News wire article from: AsiaPulse News October 9, 2008 700+ words
...Boediono said the US financial crisis would affect Indonesia, but it would...impact of the US financial crisis, there were some steps Indonesia had to take...current global financial crisis because Indonesia had relations...
- Indonesia: World Bank issues sanctions in ASEM-EU Asian Financial Crisis...
- Press release article from: M2 Presswire May 26, 2005 700+ words
...WORLD BANK: Indonesia: World Bank issues...ASEM-EU Asian Financial Crisis Response Fund...ASEM-EU Asian Financial Crisis Response Trust...net programs in Indonesia. The Regional...ASEM-EU Asian Financial Crisis Response Fund...the Republic of Indonesia, of which ...
- UNICEF Report -- Impact of 1997 financial crisis still widespread in Indonesia,...
- Press release article from: M2 Presswire March 15, 2001 700+ words
...Impact of 1997 financial crisis still widespread in Indonesia, with millions living...of the 1997 Asian financial crisis, Indonesia continues to reel...social legacy of Indonesia's financial crisis," says millions...
- Pathways through financial crisis: Indonesia.
- Magazine article from: Global Governance Martinez-Diaz, Leonardo October 1, 2006 700+ words
...policymaking in Indonesia from the eve of the 1997 financial crisis to 2005 and...KEYWORDS: Indonesia, IMF, financial crisis, politics...article examines Indonesia's pathway through the Asian financial crisis of 1997-1998...
- Financial crisis in east Asia: bank runs, asset bubbles and antidotes....
- Magazine article from: National Institute Economic Review Miller, Marcus Luangaram, Pongsak July 1, 1998 700+ words
...answer as follows: "The East Asian financial crisis is remarkable in several ways. The...bailouts in history. It is the sharpest financial crisis to hit the developing world since...crisis. It is the least anticipated financial crisis in years." After a brief account...
- Indonesia learns two lessons from financial crisis: elected VP
- News wire article from: Xinhua News Agency October 7, 2009 700+ words
Indonesia learns two lessons from financial crisis: elected VP JAKARTA, Oct. 7 (Xinhua) -- Indonesia's elected Vice President...learnt two lessons from two financial crisis in 1997-1998 and 2008, which...
- INDONESIA TEMPORARILY SAFE FROM FINANCIAL CRISIS: ECONOMIST.
- News wire article from: AsiaPulse News October 2, 2008 700+ words
...Eric Sugandi said here Tuesday Indonesia's stock market was safe from the fallout of the US financial crisis because the market in the country...the world economy. However, Indonesia is safe from it because its market...
- INDONESIA'S GOVT CONSULTS DPR TO REGULATE FOR FINANCIAL CRISIS.
- News wire article from: AsiaPulse News October 13, 2008 700+ words
...regulation in lieu of law (Perpu) on financial crisis, Finance Minister Sri Mulyani...possible for the government and Bank Indonesia to take preventive measures should...bank customers amid the global financial crisis. "We are now also considering...