Kuala Lumpur hopes loan boosts credit image; deal carries lower interest rate than other local sovereign-risk debt trading globally

Article Abstract:

The Malaysian government has received a $1.35 billion loan from a consortium of foreign banks in the country which will be used for the ailing banking sector. The interest rate is also pegged at three points above the London interbank offered rate which is several points lower than the interest on outstanding Malaysian debt. Some analysts believe that the low interest rate indicates foreign lenders' continued confidence in the Malaysian economy. However, others say that the loan was the result of government pressures.

United States, Receipt of funds, Foreign Economic & Financial Assistance, Economic aspects, Economic assistance, Foreign economic assistance, Malaysia

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Habibie vows reform, but his perch remains precarious

Article Abstract:

Indonesia's new President BJ Habibie said his government's first priority is implementing reform, but activists and many other Indonesians maintain that Habibie is tarnished by his long, close association with ex-President Suharto. His long, strong links with Suharto make it impossible for Habibie to radically alter Suharto's system. Habibie desperately needs to name a reliable new cabinet.

Economic Planning & Research, Economic policy, Political aspects, Economic conditions, Presidents, Presidents (Government), Indonesia, Habibie, B.J.

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