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 (280)	2/9/1998 5:00:00 PM
From: npguy	Respond to of 947

Sankar, The ban on carrying Rp. overseas has been in effect for a few weeks. Tales of body searches and confiscations are quite common. The bankruptcy law in Indonesia is still murky, even though there have been attempts to bring it up to date due to current crisis, nothing is yet set in stone. Even when it is officially announced, I (like many others who have seen how wheel of justice works in Indonesia) would like to see the implementation before I rely on it. (Besides, in Indonesia, more often than not, it is not what the law says, but it is who you know which is more important.) I agree that Rp. is undervalue, however, the crisis in Indonesia has evolved from one of merely economics. It will be awhile before things are sorted out. TB