Worse to come

Article Abstract:

The Indonesian public is demonstrating increasing unease about the economic situation in Indonesia. The central bank is reducing liquidity in order to protect the rupiah, which has fallen 17% against the US dollar in the month from Jul 1997, and this is causing cash-flow problems. Stock-prices have fallen drastically, including a 16% fall in two weeks in Jul-Aug 1997. Experts believe that the situation will worsen, because the confidence loss is too strong to be aided by a cut in interest rates. Reasons for Indonesia's vulnerability include the high level of corporate debt.

Indonesia, Stock price indexes

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Dialling for dollars

Article Abstract:

China Telcom (Hong Kong) Ltd. is preparing to float on the Hongkong stock exchange, with shares being offered at $1.14 each. This will be worth $2.9 billion to the company, net of expenses. China Telecom may be the second-largest company on Hong Kong stock exchange. Prices for the shares are already being quoted at about HK$25 and this may rise to between HK$30 to HK$40 when trading begins. China Telecom appears to be a good investment however, in the longer term, it may not be so profitable because the revenue per subscriber is already falling.

COMMUNICATION, Communications, Broadcasting and Telecommunications, China, Telecommunications services industry, Telecommunications industry, China Telecom (Hong Kong) Group Ltd., Securities

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The power of change

Article Abstract:

South Africa's Johannesburg Stock Exchange (JSE) implemented a restructuring plan designed to adapt to conditions of wider economic access that would encourage foreign investment. Foreign investment as a percentage of JSE volume has increased and the organization adopted London Stock Exchange rules in 1995 to facilitate international recognition of its listing requirements. The JSE has made other changes including opening membership to foreigners and admitting corporate members.

Management, Stock-exchange, Stock exchanges, South Africa, Johannesburg Stock Exchange

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