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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


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:

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

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



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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