Hi surething, speaking of Weda Bay and Indonesia, I just read this from the Dynamic Newsletter:
______________________________________________________________________
Once again, Indonesia starts living dangerously. Of the countries directly battered by East Asia's financial turmoil, Indonesia seemed to have the strongest potential for continued growth. Now it is the farthest from recovery. Its currency, the rupiah, has suffered the most vertiginous fall, from about 2,400 to the dollar last July to 8,500-10,000 this week. At this level, most Indonesian companies and banks are technically bankrupt in the face of private-sector for foreign debts of more than $70 billion. Raising prices are causing major problems for the people. ( Example, only ten Banks qualify in the new restructuring financial system out of 240 Banks.)
______________________________________________________________________
cheers,
Kent |
