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Strategies & Market Trends : Asia Forum
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To: Stitch who wrote (694)1/11/1998 7:57:00 PM
From: Stitch   of 9980
 
To All;
FWIW Megawati Sukarnoputri officially launched her candidacy for President of Indonesia and specifically asked Suharto to step down. "Thirty-two years of a Suharto presidency is enough" she said in her surprising declaration in a country where deference to authorities, especially the President, is a way of life. She is the daughter of founding father Sukarno, and addressed several remarks to the economic crisis including a demand that international aid not be used to compensate for losses by speculators and "should not be injected into an economy managed by a government which is driven by corruption, nepotism, and a lack of transparency and democracy". She denounced official greed which she likened to an epidemic and she condemned foreign investors who seek Indonesian partners on the basis of their political connections.

This announcement is quite interesting for several reasons. Its extremely critical comments aimed at Suharto are literally unheard of in Indonesia until recently. Further the announcement comes a day prior to the arrival a high level delegation from the USA and IMF officials.

Some commentators have dismissed the announcement as an interesting side show because to achieve success in Indonesia a candidate virtually has to have the support of the military which Megawati clearly does not.

There has been a growing rumble of anti Suharto rumblings and some signs of a growing hositility between indigenous Indon people and the Chinese who own a large per-centage of the industrial base in Indonesia.

Stitch
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