Lippo Group sues Wal-Mart over Indonesia pullout (Washington Times)

Washington Times, March 12, 1998 JAKARTA, Indonesia – The Indonesia connection that cost President Clinton political capital could cost Wal-Mart millions in hard cash. The retail giant is being sued for $100 million by its Indonesian partner, James Riady’s Lippo Group, which charges Wal-Mart with “collusion,” “manipulation of data” and general incompetence in the operation […]

Forest fires add to Jakarta’s ills for second year Green groups worry about wildlife (Washington Times)

Washington Times, March 6, 1998 JAKARTA, Indonesia – Widespread forest fires on the island of Borneo are threatening Southeast Asia with a repeat of last year’s disastrous haze shroud, which a new study estimates cost the region nearly $1.4 billion. The fires are concentrated in the Indonesian section of the island, known as Kalimantan. Similar […]

Suharto seeks new terms for bailout U.S. sends envoy to back up IMF (Washington Times)

Washington Times, March 2, 1998 JAKARTA, Indonesia – President Suharto defied the international financial community yet again yesterday, calling for a renegotiation of his country’s bailout plan on the eve of talks with U.S. presidential envoy Walter Mondale. Expressing his impatience with efforts by the International Monetary Fund to bandage his bleeding economy, Suharto said […]

U.S. firms ignore tumult, stay in Indonesia (Washington Times)

Washington Times, Feb. 24, 1998 JAKARTA, Indonesia – Indonesia’s economic storm has some U.S. companies battening down the hatches, others scavenging for deals among the local casualties, and many left with contracts that aren’t worth the paper on which they were written. U.S. power companies are among those on the phone to their lawyers after […]

Indonesia resists U.S., IMF on plan to rescue economy (Washington Times)

Washington Times, Feb. 17, 1998 JAKARTA, Indonesia – Indonesia appears set to thumb its nose at the United States and International Monetary Fund over the handling of its economic crisis and the choice of its next vice president, even as stepped-up violence has begun to claim lives. That defiance sent the nation’s currency, the rupiah, […]

Chinese Indonesians’ fear grows Mobs attack shops, homes in West Java (Washington Times)

Washington Times, Feb. 16, 1998 JAKARTA, Indonesia – Mobs attacked Chinese-owned businesses in a city east of the capital yesterday, adding to the fears of ethnic Chinese who believe they are being made scapegoats for Indonesia’s economic turmoil. “Everybody has a passport and a ticket on their bodies at all times,” said one Chinese businessman. […]

Indonesian unrest hurting tourist trade in balmy Bali Hotel occupancy down, international flights cut back (Washington Times)

Washington Times, Feb. 12, 1998 BALI, Indonesia – An economic meltdown and small-scale riots on nearby islands are making tourists think twice about visiting this storied tropical paradise. “Do you think it’s safe for me to drive around the island on my own?” Rosemary Reynolds, a tourist from California nervously asked a Bali resident at […]

Expatriates lose jobs, business as Indonesia’s economy crashes (Washington Times)

Washington Times, Jan. 29, 1998 JAKARTA, Indonesia – American Ken D’Angelo had a dream job. He was to help design and build one of Southeast Asia’s large planned cities – an Indonesian version of Reston, Va., or Columbia, Md. When he started six years ago, Mr. D’Angelo saw it as a chance to help change […]

Indonesia breaks for a jittery timeout. Coming months will be critical to nation’s economic recovery and future (The Washington Times)

The Washington Times, Feb. 2, 1998 JAKARTA, Indonesia – Millions of Indonesians were back in their home villages at the end of last week for the feast to mark the end of Ramadan, giving the country a nervous timeout before entering a critical two months that could make or break its future. The annual Idul-Fitri […]