Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : INDONESIA'S PT TELECOM(TLK) -- Ignore unavailable to you. Want to Upgrade?

To: Rational who wrote (221)	2/4/1998 2:51:00 AM
From: tom	Read Replies (2) \| Respond to of 947

Further liberalisation of the telecoms industry cannot be viewed as positive for Telkom. If private entities do not have to route calls through Telkom then it would lose much of its attractiveness. As you know Telkom is one of the worst run companies in Indonesia (and that's saying something) and I don't like its chances in a competitive environment. Indonesia has enough phone lines for the next 5 years at least. It does not need to make the returns on re-investment attractive for Telkom by raising tariffs.

To: Rational who wrote (221)	2/4/1998 5:45:00 AM
From: Rational	Read Replies (2) \| Respond to of 947

Wednesday, February 4, 1998 NATIONAL NEWS GOVT REAFFIRMS ITS COMMITMENT TO LETTER OF INTENT WITH IMF Jakarta - The government has reaffirmed itscommitment to implementing the letter of intent it has signed withthe International Monetary Fund (IMF) because it was signed byPresident Soeharto himself , a cabinet minister said. "As the letter of intent had been signed by the head of state,Indonesia is of course to implement it consistently,"Minister/State Secretary Moerdiono said here Tuesday. Replying to questions on rumours that the National LogisticsAgency (Bulog) would extend its monopolies on wheat flour, soyabeanand garlic up until March this year to stabilize the prices of ninestaple goods, Moerdiono said economic reform as carried in theletter of intent would remain in place and there would be no roomfor changes. He also expressed his exhilaration on hearing news that marketplayers had shown a positive reaction to the guarantee given by thecentral bank to debts and deposits of all Indonesian banks. Banking liquidity was now improving and there even was anindication of a rush to transfer savings from foreign banks tonational banks, he said. "That's how it should be." Moerdiono added. NNNN

To: Rational who wrote (221)	2/4/1998 5:46:00 AM
From: Rational	Respond to of 947

Wednesday, February 4, 1998 NATIONAL NEWS RI HAS ABILITY TO PAY FOREIGN DEBT Jakarta - The President of the World Bank,James Wolfensohn, expressed the hope here on Tuesday that Indonesiacould settle its foreign debt and recover from its ailing economy. "I have no idea. I hope so ... but I think it has," Wolfensohnsaid here, Tuesday, on the question of whether Indonesia has theability to pay its debt. The World Bank chief was on a seven-day tour of Asia includingBangkok, Malaysia, Indonesia and the Phillipines. During his three-day visit to Indonesia Wolfensohn will meetIndonesian President Soeharto on Wednesday. Wolfenshon arrived here at 17.40 hours local time, 20 minuteslate from the schedule and was welcomed by the World Bank chief inIndonesia, Dennis de Tray. Asked about economic reform in the country, Wolfenshon said, "Ijust arrived. I'll tell you everything tomorrow." Wolfenshon is scheduled to meet Minister of Finance Mar'ieMuhammad, several central bank officials, State Minister ofDevelopment Planning Ginanjar Kartasasmita and Minister of Tradeand Industry Tunky Ariwibowo. He will also hold a closed-door meeting with 70 politicians,economists, businessmen, environment experts and somenon-governmental organization officials. Those figures include Amien Rais, Ali Sadikin, Rizal Ramli, andEmil Salim. The World Bank chief is slated to visit a labor-intensiveindustry in North Jakarta to collect fisrthand information. NNNN