Doubts on budget targets: The rupiah's timid move upward may be
Doubts on budget targets: The rupiah's timid move upward may be
hit by heightened concerns of this year's privatization and asset
sales targets in the state budget, as a shortfall in these
revenues could dash hopes for foreign investment replenishing the
thin dollar supply here, according to one local analyst. Head of
debt income at PT Vickers Ballas Indonesia Wiwan Wiradjaja said
the concerns stemmed mainly from the signs that a planned sale of
cement maker PT Semen Gresik and PT Bank Central Asia (BCA) this
year may run aground. -- Page 17
India criticizes WTO: India sharply criticized the World Trade
Organization here Saturday, accusing it of ignoring the needs of
poor countries and badgering them to take positions against their
will. In a strong, blunt language, Indian Minister of Commerce
and Industry Murasoli Maran charged that a draft declaration
before WTO ministers meeting here was "neither fair nor just to
the viewpoints of many developing countries, including my own, on
certain key issues." -- Page 18