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To: Dulane U. Ponder who wrote (44740)1/10/1998 6:09:00 PM
From: Tunica Albuginea  Read Replies (2) | Respond to of 186894
 
Dulane, latest from Indonesia.
I think personally that there will be mass agitation and Suharto will be replaced.His son, family and cronies cannot reform Indonesia because they stand to loose too much money and are thus paralyzed in acting.For example 3 days ago Suharto's son said he'll let go under an insolvent bank of which he was president and he then promptlu transferred all the assets to another bank thus rolling over the insolvency to another bank.

Dow Jones NEWS 1/10/98

Indonesian Opposition Leader Says President Suharto Must Be Replaced

JAKARTA, Indonesia - Linking Indonesia's economic woes to government
corruption, a leading opposition figure Saturday called for President
Suharto's election defeat and declared herself as a possible candidate.
In a fiery speech to several thousand supporters, Megawati Sukarnoputri
said dishonesty among the nation's leaders was at the root of a crippling
slump in the value of the Indonesian currency.
A 1,000-member People's Consultative Assembly is to elect a president and
vice-president in March.
Megawati said several ministers in Suharto's Cabinet should summon up the
courage to nominate themselves for the presidency. However, if they won't,
she was ready to run against the 76-year-old Suharto, who has ruled Indonesia
for 32 years.
''If these citizens have no guts (to nominate), then with an honest and
willing heart, I hereby take this opportunity to declare my determination to
become the leader of our nation and people,'' she said.
She accused the retired five-star general of becoming ''a president for
life.''
A newspaper Saturday quoted Suharto's half-brother as saying the president
would retire only after he found a successor able to lead the world's fourth
most populous nation out of economic crisis.
''I am sure he has no intention of remaining the national leader forever,''
Probosutedjo was quoted as saying by Kompas.
Meagwati's comments come as criticism mounts against the Suharto
government's handling of Indonesia's economic turmoil.
Last week, the rupiah plunged dramatically amid concerns that Indonesia's
$40 billion international bailout was threatened by Suharto's apparent

unwillingness to adhere to terms of the rescue package. President Clinton
Thursday urged Suharto to adhere to the International Monetary Fund
guidelines.
The currency plunge set off a wave of panic buying, prompting the
government to urge people to remain calm and promising to keep store shelves
well stocked.
Supplies of rice, noodles, cooking oil and other basic foods have been
running short on market shelves since nervous shoppers began hoarding amid
fears of big price increases. The government assured Indonesians once again
Saturday that the country has enough food for all.
''We have more than enough rice'' the front-page headline of the Jakarta
Post newspaper said.
''We are asking people to remain calm, the government is working hard to
take care of the needs of the people for basic consumer goods across the
country,'' Production and Distribution Minister Hartarto was quoted as
saying.
The government also announced Saturday that food producers had agreed to
set ''reasonable'' prices for basic foods. Trade and Industry Minister Tunky
Aribowo said the government would help try to keep costs down.
Suharto came to power in 1965 and later replaced Indonesia's founding
President Sukarno, Megawati's father.
Bolstered by his memory, Megawati has gained popularity in recent years by
calling for political reform and greater democracy. She became leader of the
opposition Indonesian Democratic Party but was later ousted by another
faction, apparently with the blessing of the government. Her removal in 1996
triggered some of the worst rioting in Jakarta in two decades. Since, then
she has been effectively sideline from Indonesia's tightly controlled
political system.