Astra halts car output

Article Abstract:

Astra International of Indonesia has ceased production of automobiles for at least two months due to lack of orders received by the company. Car sales declined by 75% in the first quarter of 1998 against the year-ago period and orders are down to a level that can be met with the current inventory for the next two months. Analysts believe that the company, which has reorganized with a management shakeup, needs to do more than a production stoppage to cope with its troubled financial situation, which would worsen if the rupiah continues to weaken.

Comment:

Has ceased production of automobiles for at least two months due to lack of orders received by the company

Production data, Autos & Motor Vehicles Whsle, Automobile and Other Motor Vehicle Wholesalers, P.T. Astra International Tbk, Automotive wholesalers

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Coca-Cola Amatil struggles to handle Indonesian woes

Article Abstract:

Coca-Cola Amatil Ltd. is switching to the use of bottles for more of its products as part of a cost-cutting strategy to cope with the declining economy in Indonesia. The company that formerly registers an annual sales volume increase by approximately 25% is projecting to revive its local operations on a pretax-profit basis in rupees with its cost-cutting moves. Coca-Cola Amatil, largely-owned by Coca-Cola Co. in Atlanta, GA, is the operator of Asian Coke bottlers in South Korea, Philippines, Australia and the South Pacific.

Comment:

Switches to the use of bottles for more of its products as part of a cost-cutting strategy

Canned & Bottled Soft Drinks, Soft Drink Manufacturing, Marketing procedures, Soft drinks, Coca-Cola Amatil Ltd.

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Waiting for Jakarta's dust to settle

Article Abstract:

The United States government is staying out of the fight for political control in Indonesia between President Abdurrahman Wahid and Vice President Megawati Sukarnoputri. A special parliamentary session is planned for August 1 to investigate charges of misgovernment and corruption on the part of President Wahid.

United States, Political activity, Column, International relations, Wahid, Abdurrahman, Megawati Sukarnoputri, Heads of state

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