August 18, 1994
The Republic of Indonesia, which once relied on oil as its chief asset, has worked hard to diversify its economy since oil prices began tumbling in the early 1980s. Those efforts have begun to pay off. The agriculture and service sectors have shown growth and manufacturing is growing rapidly. ECONOMY: In the past decade, Indonesia has experienced growth in gross domestic product similar to the fast pace of growth in other Southeast Asia nations.
April 8, 1991 |
By removing longstanding barriers to outside investors, Indonesia is generating a foreign investment surge that may help transform the nation, the world's fifth-most populous. By adopting measures to woo investors, the island nation is trying to join the ranks of the Four Tigers--financially fierce Singapore, Hong Kong, South Korea and Taiwan.
December 13, 1994 |
A 21-year-old woman with little formal education and bleak prospects, Rasiya never considered herself a radical. But she did not hesitate when her fellow workers got up from their sewing machines and marched out on strike. Rasiya is one of 6,000 young women employed by an ethnic Chinese businessman to make Adidas sports shoes for the American and European markets. The shoes cost more than $100 a pair when they finally reach the boutiques of the West, but the workers take home only $1.39 a day.
September 22, 1992 |
Suyatmi, a shy, 20-year-old factory worker, is too poor to know much about sneakers. She never heard of Bo Jackson and is too skinny to care about aerobics. Her world consists of a rented, five-foot-square room in a shantytown where she sleeps on the concrete floor with three other young women. Every day at 7 a.m., Suyatmi begins work at P. T. Hardaya Aneka Shoes Industry, one of six companies in Indonesia making sports shoes for Nike Inc., the spectacularly successful U.S.
March 22, 1998 |
Indonesia's economic crisis has devastated its poultry industry and the nation is expected to run out of chicken this month, posing "extreme stability concerns," the U.S. Agriculture Department said Friday. Poultry supply virtually all animal protein for Indonesia's population of more than 200 million, the USDA said in its monthly world livestock report.
May 5, 1998 |
Malaysia's outspoken trade minister on Monday defended her government's decision to bail out several troubled companies such as the powerful Sime Bank, arguing that letting them go bankrupt would lead to increased joblessness, social instability and a slowdown of the nation's economic recovery.