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E-business

When Winning Matters

Tuesday, January 23, 2001

South African-based M-Web has taken over leading Indonesian Internet firm Astaga Group. And it appears to be blazing a trail to become the top player in Indonesian e-business, via acquisition.

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Even Indonesia's weak economy has not been totally left out by the winds of change wrought worldwide by the Internet. Portals such as Astaga!Com have become daily reading matter for millions of Indonesians. Cash-flush investors have been throwing their money into anything with a dot in its name. And outside forces are now keen to get a slice of the Indonesian Internet cake.

This month, the industry experienced a bolt from the blue when a South Af

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