INDONESIA'S PT TELECOM(TLK) Message Board

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Technology Stocks : INDONESIA'S PT TELECOM(TLK)

TLK 19.59

+0.4%

Oct 31 9:30 AM EST

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To: Gary105 who wrote (848)	9/29/1998 9:04:00 AM
From: Petrus	Read Replies (1) of 947

World: Asia-Pacific Indonesia financial recovery praised The International Monetary Fund has welcomed the progress made by Indonesia to restructure its foreign debts and reform its banking system. The IMF Managing Director, Michel Camdessus, said the recent stability of the Indonesian currency, the rupiah, was encouraging. He commended the authorities in Jakarta for implementing their new policies against a background of extremely difficult circumstances. Mr Camdessus announced that the IMF was releasing nearly one-billion dollars in the latest stage of an eleven-million dollar loan to Indonesia. From the newsroom of the BBC World Service

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