Rebellion in Padang

November 13, 2001

Astatement rang out from Padang and Indonesian business was in tumult. The rupiah immediately weakened, the Jakarta Stock Exchange Index fell and suddenly the worth of many individuals and institutions plummetedat least on paper. Most of them had no connection with the conflict between the central government and a group of residents of Minang over the future of PT Semen Padang. They were, to borrow a term from the US military, collateral damage. ...

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