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Technology Stocks : INDONESIA'S PT TELECOM(TLK)

TLK 21.89

+4.6%

Nov 24 3:59 PM EST

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To: Rational who wrote (248)	2/4/1998 10:45:00 PM
From: Duke	Read Replies (1) of 947

Suharto holds back naming of his running mate PRESIDENT Suharto says he is sticking to the letter of the Indonesian constitution by refusing to name a running mate in the March presidential polls until parliamentary factions unveil their candidates for the vice-presidency. The Jakarta Post yesterday quoted a senior official as saying that Mr Suharto said it was the right of parliamentary groups to name candidates, not his right. Mr Suharto, 76, has said he will accept the nomination by the ruling Golkar party for a seventh five-year term in March, and he is assured of election by the 1,000-member People's Consultative Assembly (MPR). The focus is on his running mate -- and potential successor given his age and continuing concern over his health. The succession issue is one of the key elements relating to foreign investment in the nation which now is undergoing its worst economic crisis in decades. Alwi Dahlan, the head of the board for the propagation of the state ideology, Pancasila, said after visiting Mr Suharto on Tuesday that the president had told him it was the right of the various political factions in the MPR to choose a vice-president. "Why should they wait for me? This shows that many people don't understand the constitution. They expect me to name a vice-presidential candidate," Mr Suharto was quoted as saying. "I cannot name anyone because I'm not even a presidential candidate. I will be named a candidate only after certain procedures." The MPR meets on March 1 to elect their president and vice-president and endorse policy guidelines. -- AFP

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