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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

PRIBUMIS TO WATCH


Activism Pushing a "People's Economy"

Adi Sasono On empowering the masses

Tycoon Bakrie says the poor must benefit, too

Dealmakers An M&A team gets the job done in Jakarta

Politics Factionalism is ripping Indonesia apart

WHEN INDONESIA FINALLY GETS around to redistributing the country's wealth, it would help a lot if you are a pribumi. Theoretically, the nation's indigenous peoples, chiefly Malay Muslims but also Hindu Balinese and Christian Ambonese, would be the prime beneficiaries. Among the best placed: the handful of pribumi business groups with the experience and expertise to fill the vacuum left by ethnic Chinese tycoons and Suharto's family. The former president is a pribumi, but his business-minded children are unlikely to share in the fruits of the People's Economy. Keep an eye on these potential winners:

BUSINESS GROUP PRINCIPALS EST. ASSETS
Bumiputera (life insurance) Soegianto $533m.
Austindo Teguh Jaya (mining, oil, gas) Julius Tahija $350m.
Krama Yudha (car distribution) Sjarnoebi Said $226m.
Bakrie (trading, plantations) Aburizal Bakrie $200m.
Medco (energy exploration) Arifin Panigoro $160m.
Gobel (telecommunications) Thayeb Mohammad Gobel $40m.
Bukaka (infrastructure, agribusiness) Fadel Mohammad
Jusuf Kalla
N.A.
 

Converted at 7,500 rupiah to the U.S. dollar.

Sources: Indonesia Business Data Center and Asiaweek Research


This edition's table of contents | Asiaweek home

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TIME:

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

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



ASIAWEEK:

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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