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

To: Rational who wrote (238)	2/4/1998 6:09:00 AM
From: Rational	Respond to of 947

One economist, Neil Saker of SocGen Crosby in Singapore, calculates that an Indonesian currency board could support the rupiah at 5,500 rupiah to the dollar, but only if it were allowed to supplement its own $20 billion in reserves with the $43 billion total of the IMF rescue package and other pledged funds. Today's WSJ

To: Rational who wrote (238)	2/4/1998 6:21:00 AM
From: Rational	Respond to of 947

Wednesday February 4, 3:07 am Eastern Time Indonesia sees continued export growth JAKARTA, Feb 4 (Reuters) - Indonesia would continue to boost exports, Industry and Trade Minister Tunky Ariwibowo said on Wednesday after releasing figures showing a trade surplus of $1.42 billion in November 1997. ''The depreciation of our currency has had a positive impact on our exports. Our competitiveness has increased,'' Ariwibowo told reporters after a cabinet meeting chaired by President Suharto. ''We will continue to boost exports. We will encourage the use of domestic products locally to cut imports,'' he said. He said Indonesia posted a trade surplus of $1,424.1 million in November, compared with $1,098.2 million in October. He said total exports in November were $4.66 billion, compared with $4.56 billion in October. Imports dropped to $3.24 billion from $3.46 billion. Oil and gas exports fell to $949.7 million from $993.5 million in October.