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Will Indonesia stocks plunge!
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EastonBay
Master |
28-Jan-2008 14:57
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That was then... the wealth estimate was 9 year old. During these 9 years, their empire was slowly being dismantled as reported in the news yesterday night. Although they are still one of the richest family in indonesia, they are trying to keep a lower profile. Whatever, I admire this man for what he has done for Indonesia! |
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178investors
Veteran |
28-Jan-2008 14:54
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ruanlai ruankong |
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zhenxian
Senior |
28-Jan-2008 14:43
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the market may even go up... |
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mike8057d
Veteran |
28-Jan-2008 13:51
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yes...but it is called Suharto Wealth Fund though |
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hlayar
Senior |
28-Jan-2008 12:42
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Another SWF formed? |
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mike8057d
Veteran |
28-Jan-2008 11:17
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The Suharto family's wealth was estimated by TIME in 1999 at $15 billion. Transparency International, a group monitoring government corruption around the world, reported his personal wealth at closer to $35 billion. Source: TIME |
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mike8057d
Veteran |
28-Jan-2008 11:03
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Suharto is a non-factor .....10 years out of politic although he still had string into the government. |
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ten4one
Master |
28-Jan-2008 10:00
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Not very likely. ......unless there is a political opportunist who ceases this opportunity and creates an uprising on a big scale which I doubt could happen at this moment. Cheers! |
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novena_33
Veteran |
27-Jan-2008 16:57
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then buy into STI lar..... |
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singaporegal
Supreme |
27-Jan-2008 16:44
Yells: "Female TA nut" |
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Why would Indo stocks crash? Suharto has not been in power for a long time and therefore does not have a big impact on the country's economy. |
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ruanlai
Master |
27-Jan-2008 16:15
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Former Indonesian dictator Suharto dies JAKARTA, Indonesia - Former dictator Suharto, an army general who crushed Indonesia's communist movement and pushed aside the country's founding father to usher in 32 years of tough rule that saw up to a million political opponents killed, died Sunday. He was 86. Suharto had been ailing in a hospital in the capital since Jan. 4 when he was admitted with failing kidneys, heart and lungs. Doctors prolonged his life through dialysis and a ventilator, but his condition dramatically worsened over the weekend. He stopped breathing and slipped into a coma Sunday.
A statement issued by chief presidential doctor, Marjo Subiandono, said he was declared dead at 1:10 p.m. The cause of death was given as multi-organ failure. Finally toppled by mass street protests in 1998, the U.S. Cold War ally's departure opened the way for democracy in this predominantly Muslim nation of 235 million people and he withdrew from public life, rarely venturing from his comfortable villa on a leafy lane in the capital. Suharto had ruled with a totalitarian dominance that saw soldiers stationed in every village, instilling a deep fear of authority across this Southeast Asian nation of some 6,000 inhabited islands that stretch across more than 3,000 miles. Since being forced from power, he had been in and out of hospitals after strokes caused brain damage and impaired his speech. Blood transfusions and a pacemaker prolonged his life, but he suffered from lung, kidney, liver and heart problems. Suharto was vilified as one of the world's most brutal rulers and was accused of overseeing a graft-ridden reign. But poor health ? and continuing corruption, critics charge ? kept him from court after he was chased from office by widespread unrest at the peak of the Asian financial crisis. The bulk of political killings blamed on Suharto occurred in the 1960s, soon after he seized power. In later years, some 300,000 people were slain, disappeared or jailed in the independence-minded regions of East Timor, Aceh and Papua, human rights groups and the United Nations say. Suharto's successors as head of state ? B.J. Habibie, Abdurrahman Wahid, Megawati Sukarnoputri and Susilo Bambang Yudhoyono ? vowed to end corruption that took root under Suharto, yet it remains endemic at all levels of Indonesian society. With the court system paralyzed by corruption, the country has not confronted its bloody past. Rather than put on trial those accused of mass murder and multibillion-dollar theft, some members of the political elite consistently called for charges against Suharto to be dropped on humanitarian grounds. |
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