Indonesian Political, Business & Finance News

Flood control project: As floods worsened in a number of

Flood control project: As floods worsened in a number of regencies in the southwest part of Central Java, the provincial administration planned to launch a multi-billion rupiah flood control project. Page 2

Indonesia's stance: The new U.S. Ambassador to Indonesia said on Thursday that Washington fully understood the position which President Megawati Soekarnoputri had taken with regard to the U.S. attacks on Afghanistan. Page 3

Boat people blame traffickers: The dream of a better life had led the migrants from the Middle East to take an extraordinary risk. Tragically, that risk did not pay off and their dream became a nightmare when their boat sank in the Java Sea last Friday. Page 6

Reforms in forestry sector: President Megawati Soekarnoputri insisted on Thursday that Indonesian forestry officials and management must reform the entire industry to save the rapidly dwindling forests. Page 8

Goh to step down before 2007: Singapore's Prime Minister Goh Chok Tong vowed Thursday to step down in favor of a new generation of leaders by 2007, after he won a fresh mandate to lead Singapore without a vote being cast. Page 9

Bermuda Bowl: Indonesia's men collected two victories on the third day at the Bermuda Bowl in Paris bridge championship to improve its position to seventh in the standings, while criticism is beginning to grow at home over their female compatriots performance thus far. Page 11

Chandra Asri debt restructuring: The government and Japan's Marubeni Corp. have finally agreed on a scheme to restructure US$1.2 billion in debts owed by the PT Chandra Asri Petrochemical Center, in a deal that could mark the end of a two year negotiation process. Page 20

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