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Web-only Exclusives
November 30, 2000

From Our Correspondent: Hirohito and the War
A conversation with biographer Herbert Bix

From Our Correspondent: A Rough Road Ahead
Bad news for the Philippines - and some others

From Our Correspondent: Making Enemies
Indonesia needs friends. So why is it picking fights?

Asiaweek Time Asia Now Asiaweek story


Facing up to fiscal reality

• The budget will be revised immediately to reflect an exchange rate of Rp5,000 to US$1, a growth forecast of zero and an inflation rate of 20%

• Fuel and electricity subsidies will be phased out beginning April 1

• 12 state enterprises will be listed in 1998; firms that are not viable could be closed

Facing down vested interests

• Special privileges for the National Car project will be revoked immediately

• Budgetary support and credit privileges for the IPTN passenger plane project will be halted immediately

• Clove and flour monopolies will be eliminated by June 1998

Opening up the economy

• Limits on foreign investment in palm oil plantations, wholesale and retail trade will be lifted by March 1998

• Restrictions on foreign banks will be abolished by February 1998

• Import tariffs on food items will be cut to 5%, and on non-food agricultural products by 5%

This edition's table of contents | Asiaweek home



U.S. secretary of state says China should be 'tolerant'

Philippine government denies Estrada's claim to presidency

Faith, madness, magic mix at sacred Hindu festival

Land mine explosion kills 11 Sri Lankan soldiers

Japan claims StarLink found in U.S. corn sample

Thai party announces first coalition partner


COVER: President Joseph Estrada gives in to the chanting crowds on the streets of Manila and agrees to make room for his Vice President

THAILAND: Twin teenage warriors turn themselves in to Bangkok officials

CHINA: Despite official vilification, hip Chinese dig Lamaist culture

PHOTO ESSAY: Estrada Calls Snap Election

WEB-ONLY INTERVIEW: Jimmy Lai on feeling lucky -- and why he's committed to the island state


COVER: The DoCoMo generation - Japan's leading mobile phone company goes global

Bandwidth Boom: Racing to wire - how underseas cable systems may yet fall short

TAIWAN: Party intrigues add to Chen Shui-bian's woes

JAPAN: Japan's ruling party crushes a rebel at a cost

SINGAPORE: Singaporeans need to have more babies. But success breeds selfishness

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