In the wake of the global dotcom meltdown, Indonesia is feeling the pinch—not surprising, as the country has the lowest computer ownership rate in Asia. Local e-commerce, as well as most other Internet-based businesses, is in the doldrums.

The latest victim is PT Kopitime Tbk, which has dismissed virtually all of its employees since July 1. Only two of its 34 employees remain: 30 were fired and two resigned. Those that remain are a