INDONESIA'S PT TELECOM(TLK) Message Board

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Technology Stocks : INDONESIA'S PT TELECOM(TLK)

TLK 21.10

-1.2%

3:59 PM EST

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To: Rational who wrote (277)	2/8/1998 12:38:00 PM
From: npguy	Read Replies (1) of 947

Sankar, I doubt we will see Rp. 4000 -Rp. 5000 anytime soon. The succession issue has to be worked out and Indonesian central bank has to earn back the confidence of the general populace in the banking system. Without these, businesses in Indonesia grind to a halt, along with the chances of strengthening Rp. (though the latest move to guarantee bank deposits helps. People are still a bit apprehensive.) Being an Indonesian, I am, shall we say, taking all the pronouncement of economic reforms a bit skeptically. Besides, the threat of riots, in the mean time has made everyone skittish. The general mood is: not whether riots will break out, but when and at what scale. Regards, TB

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