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To: rbotik who wrote (21226)	6/29/1999 9:25:00 AM
From: allen v.w.	Respond to of 40688

OFF SUBJECT, Now this is neat. msnbc.com

To: rbotik who wrote (21226)	6/29/1999 9:32:00 AM
From: allen v.w.	Respond to of 40688

The Indonesian Observer, June 25, 1999 IMF: RI Sees Investment And Price Stability On Rupiah Gain HONG KONG - IMF Asia Pacific director Hubert Neiss said yesterday there was still more room for the rupiah to strengthen, which would be good for confidence in Indonesia. "The rupiah has strengthened but there's still more room for strengthening," Neiss told reporters following a speech to an Asian debt conference. Neiss said a strengthening rupiah would not cause problems for Indonesia's recovery. "On the contrary, the confidence that is created by the strengthening rupiah, and in turn the strengthening rupiah's influence on confidence, are good for the recovery," Neiss said. "They will lead to the return of the flow of investment and will also contribute to further price stability." Neiss declined to comment on the proper level for rupiah. On Wednesday, Indonesia's central bank governor said the rupiah could strengthen to 6,000 to the US dollar and he would be happy with a stable range of 6,000-6,500. The rupiah was trading at 6,715 to 6,730 yesterday. The party of opposition figurehead Megawati Soekarnoputri, which is leading in election vote tallies so far, rattled markets this month by saying it was time to introduce a fixed exchange rate. But after a meeting with the IMF last weekend, the party said it agreed with the Fund that a floating rate was best for now. Neiss also said that recovery strategies supported by the IMF were clearly working in the troubled Asian economies and growth was beginning to show in these countries. However, he said the recovery was still in a fragile stage and its pace uneven, with South Korea ahead and Indonesia catching up. Neiss said it was important for Asian countries not to be complacent but to press on with recovery measures such as rehabilitating the financial sector, corporate restructuring and pursuing low interest-rate regimes. He said that countries must, among other measures, pursue improvement in the banking sector and the legal system, closely monitor foreign borrowings and improve transparency. Amid the regional financial crisis, countries like Thailand, Indonesia and South Korea have adopted IMF programs in exchange for emergency aid. Neiss said he was happy with the progress made so far in Malaysia because it was moving in the same direction as other recovering Asian countries. - Reuters ++++++++++++++++++++++++++++++++++++++++++++++++++++ Didistribusikan tgl. 29 Jun 1999 jam 05:36:29 GMT+1 oleh: Indonesia Daily News Online <IndoNews@indo-news.com> indo-news.com ++++++++++++++++++++++++++++++++++++++++++++++++++++

To: rbotik who wrote (21226)	6/29/1999 10:10:00 AM
From: kaseyMIT	Read Replies (2) \| Respond to of 40688

Could be they are working on getting the extra shares. It is month's end and time to wrap up the books. I imagine by Thursday this price will be improved. JMHO. kc