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 […]

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 […]