Catch a falling star

Article Abstract:

Indonesia's Soeryadjaya family-owned Astra International is selling half its shares to help raise money for troubled Summa Group, also Soeryadjaya-owned, which is also selling its assets and properties. The family would like to sell to a group of investors rather than a single one to retain control of Astra or to an Indonesian company. The trouble has stained the family's reputation and has scared stockbrokers and investors as well as foreign bankers. Summa's troubles are the result of its founder's buying of properties without putting financial controls or a management team to supervise the investments.

Holding companies, not elsewhere classified, Finance, Holding companies, P.T. Astra International Tbk, Summa Corp.

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Old habits die hard

Article Abstract:

Plaza Indonesia Realty's plan to issue 35 million public shares is reminiscent of the events which precipitated the collapse of investor confidence in the Jakarta Stock Exchange. A majority of the new shares will most likely be absorbed by government-related groups and charitable foundations. The shares, priced at 4,950 Rupees is perceived overvalued, and may undermine past efforts to restore investor confidence in valuations of the stock exchange. Aside from the controversial stock prices, the venture is additionally burdened by internal conflict among investors.

Real estate industry, Securities, Plaza Indonesia Realty

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Just do it: Vietnam hopes computers will help it play catch-up

Article Abstract:

Vietnam wants to vault into the digital age with an information technology initiative called IT-2000. Initially it calls for linking together the disparate govt agencies, followed by extensive training. It currently aims to develop a hardware industry, and this would require $1 billion in investment funds by the year 2000. Some experts, however, say a software industry would make more sense for Vietnam. In 1994 the computer industry in Vietnam was a $50 million market, but could reach $300 million in 1995.

Computer industry, Science and technology policy, Vietnam

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