Jakarta tries to reassure multinationals

Article Abstract:

Indonesia's Minister of Mines and Energy Kuntoro Mangkusubroto is reassuring multinationals that the government will honor contracts signed between state-owned energy concerns and companies with ties to the family of former President Suharto. The news is a relief for Mobil Corp., which has a joint venture with Suharto's youngest son, Hutomo Mandala Putra, to produce liquefied natural gas in East Java, and for Atlantic Richfield Co, which is in a tie-up with Suharto's son Bambang Trihatmodjo in an East Java oil-and-gas project.

Comment:

Indonesia: Min of mines & energy says govt will honor contracts between energy concerns & cos w/ ties to Suharto family

Regulation and Administration of Communications, Electric, Gas, and Other Utilities, Government regulation, Thailand, Energy Programs, Energy policy, Article

---

Jakarta, IMF alter accord

Article Abstract:

The International Monetary Fund (IMF) will be loaning $43 bil to Indonesia to help save the country's economy. The financial assistance will give the country a GDP budget deficit of 8.5% for the year ending March 31, 1999. Moreover, the government has implemented various economic reforms to strengthen the value of rupiah. Meanwhile, analysts are criticizing the IMF and Indonesian agreement as one that would ultimately weaken the rupiah, aside from the government's credibility to restructure the country's financial system.

Foreign Economic & Financial Assistance, Economic aspects, International Monetary Fund, Foreign economic assistance

---

Jakarta tries to reassure multinationals

Article Abstract:

Indonesia's Minister of mines and energy Kuntoro Mangkusubroto, is assuring multinationals that the government will still honor their contracts with firms connected with the former Indonesian President Suharto's family. The assurances came in the wake of the move to expel Suharto's family from Indonesian business. Earlier, the minister has directed the review of roughly 120 connections between state-owned Pertamina and companies connected with the Suharto family.

Multinational Corporations, Regulation of Multi-Nationals, International business enterprises, Political aspects, International trade regulation, Mankusubroto, Kuntoro

Similar abstracts:

• Abstracts: Stand-off in Jakarta. Suharto reasserts Jakarta's compliance with IMF. If only ...
• Abstracts: A healthy increase in deal values. Steady Dutch deal flow. Showing a marked recovery
• Abstracts: Lazard sticks to knitting with new alliances. Corporate Finance at B. Metzler GmbH. Euro stars take fast track to Germany
• Abstracts: Planning the evolution to broadband access networks: a multicriteria approach. Optimal placement of add/drop multiplexers: static and dynamic models
• Abstracts: Reebok Stadium, Bolton. Steel- it's the real thing

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.