Audit links Suharto family to corruption at power plant. (Indonesia)

Article Abstract:

Indonesia's government has opened investigation into allegations of bribery and corruption at PT Paiton Energy, following an audit of the electric power company. Family members of former Indonesian President Suharto are implicated in the corruption investigation.

Legal issues & crime, Financial management, Electric Power Generating, Electric Power Generation, Electric utilities, Investigations, Accounting and auditing, Corruption investigation, Suharto, PT Paiton Energy

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Wahid Takes Hard Line With Foreign-Owned Indorayon

Article Abstract:

Indonesia's President Abdurrahman Wahid ordered the closure of PT Inti Indorayon Utama's rayon-producing operations, due to evidence of environmental damage on Sumatra island. Foreign interests own 86% of the company, and the move is seen as sending a strong message to big business regarding compliance with environmental laws.

Government regulation, Plant shutdown, Pulp Mills, Cellulosic Fibers, Cellulosic Organic Fiber Manufacturing, Cellulosic manmade fibers, Pulp NEC, Statistical Data Included, Production management, Foreign investments, Wood pulp industry, Pollution, Environmental policy, Pulp industry, Wahid, Abdurrahman, Synthetic fibers industry, Pulp, Sumatra, PT Inti Indorayon Utama

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Armed-forces leader urges nation to back new president

Article Abstract:

Indonesia's armed forces commander, Gen Wiranto, is exhorting Indonesians to support their new president, President BJ Habibie. Meantime, the Indonesian currency continued to decline, further impeding the economy and pounding key business sectors. According to bankers, if the rupiah fails to shore up, majority of the country's companies would be unable to settle their obligations even with an exchange-rate subsidy.

Politics NEC, Economic aspects, Politics

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