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Microcap & Penny Stocks : DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!!
DGIV 0.00Dec 5 4:00 PM EST

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To: JPC who wrote (4383)5/8/1998 2:02:00 PM
From: DavidH  Read Replies (2) of 50264
 
Heres something to go with that.

Friday May 8, 1:35 pm Eastern Time

INDONESIAN FINMIN SEES SIGNS OF ECONOMIC STABILITY

WASHINGTON, May 8 (Reuters) - Finance Minister Fuad Bawazier said on Friday there are signs that Indonesia's shaky economy has begun to stabilize.
''There are signs that economic conditions have begun to stabilize so that the economy can begin to move from a period of stark contraction to a period of modest growth. But resumption of rapid growth may lie further in the future,'' Bawazier told an Export-Import Bank conference.

He also stressed Indonesia's commitment to economic and financial reform.

''The government of Indonesia is fully committed to the implementation of all steps necessary to achieve the goal of economic restructuring in the shortest time possible,'' he said.

''We will implement all necessary measures, no matter how painful, to ensure that our banking sector works effectively and meets the highest prudential standards,'' he added.

davidh
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