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Shadowed by Hungry Sharks

Tuesday, May 14, 2002

Asia Pulp & Paper's debt negotiation with foreign creditors has reached a deadlock. Meanwhile, the tussle for Sinar Mas' assets under IBRA has begun. And the IMF plays a part.

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The meeting on Wednesday appeared to be more critical than the Israel-Palestine talks. The ballroom entrance on the second floor of the Four Seasons Hotel, Singapore, was tightly guarded. Five security officers bristling with various communications gadgets stood erect, their eyes ceaselessly scanning the gathering. Why did the meeting look so grave, and take place behind closed doors? TEMPO, seeking information, only got a sharp reply from

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