Planning for possible exodus

Article Abstract:

Foreign firms in Indonesia are preparing for the worst as tension mounts in the ethnic-Chinese community. The country is currently burdened with a rising inflation rate of 25%, layoffs, and a deteriorating economy. Many expatriates have lost their jobs while wealthy ethnic-Chinese believe that they will be the target of the ire of locals if violence erupts. The Jakarta International School has instructed its employees on how to deal with such situations and has stocked its campuses with food, water, and fuel in the event of crisis.

Prices, Aliens, Social aspects, Employment, Alien labor, Chinese (Asian people), Foreign labor, Chinese in Indonesia

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Indonesia's fast pace raises trade and inflation worries

Article Abstract:

Indonesia's trade surplus dropped 4.7% in June 1996 to $193.4 million from $203.1 million the previous month. The surplus has steadily declined from $392 million in Mar. 1996. The inflation rate increased to 7.8% in Aug. 1996 from 7.5% the month before. Analysts have reported that Indonesia's key export sectors, such as plywood and textiles, have been performing weakly while the country's imports are expected to grow due to direct foreign investment projects slated for the 2nd half 1996.

Analysis, Economic indicators, Balance of trade

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Anxiety is mounting over late payments on debt

Article Abstract:

Businesses in Indonesia may fail to settle their nearly $60 bil financial obligations to foreign investors as the economic crisis worsens despite the various economic schemes implemented by the government. Many companies have been struggling to settle debts with the company shares falling in the stock exchange market as a consequence. Malaysian Prime Minister Mahathir Mohamad's criticism of the currency market has magnified the already worsening Asian economic situation.

Administration of General Economic Programs, Foreign Loans-Banks, Foreign Loans-Repayments, Currency devaluation, Devaluation (Currency), Payment, Foreign loans, Bank loans

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