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Date:         Thu, 6 Jul 2000 16:49:43 +0800
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FEER E-NEWSLETTER. From the FAR EASTERN ECONOMIC REVIEW.
==============================================================
Issue cover-dated July 13, 2000, Vol. 163, No. 28

http://www.feer.com

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________________________ COVER STORY ________________________

JUSTICE IN INDONESIA - For a petty thief in Indonesia, the
worst of fates is to be caught not by the police but by his
neighbours. Under the raw justice of the streets, victims are
beaten and often burned alive. The rise of the lynch mob
reflects the brutal legacy of the Suharto years and the weak-
ness of the forces of law and order. With the much-criticized
military and police in retreat, vigilantes are taking their
place - with a new form of the arbitrary brutality for which
the Suharto regime was notable.
http://www.feer.com/_0007_13/p68cover.html

_________________________ THE REGION _________________________

CHINA: MODEL PEOPLE'S ARMY - Bowing to President Jiang Zemin's
order, the People's Liberation Army has either closed or
handed over to civilian control thousands of commercial
enterprises, including top hotels and leading companies. It's
all part of becoming fitter to fight.
http://www.feer.com/_0007_13/p14region.html

THAILAND: CRUNCH TIME - On June 28, more than 90 opposition
MPs quit parliament to try to force early elections. Yet
recent Senate polls were so tarnished by vote fraud that the
body has yet to meet. Many people worry that a similar result
in lower-house elections, due by November, would cause a
crisis.
http://www.feer.com/_0007_13/p24region.html

        ++ Pakistan is calm amid U.S.-China missile dispute
        ++ Japan's theatre-missile-defence study
        ++ A Taiwanese national-security lapse
        ++ Illegal mining in Indonesia

Links to those stories: http://www.feer.com/tw.html#cs

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TAKE A PEEK AT THE PRINT VERSION!
See the new-look Review: http://www.feer.com/new/content.html
Get a free copy: http://localwww.feer.com/forms/trial.html
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_________________________ INNOVATION _________________________

LIFE SCIENCES: ABSENT PIONEER - Japan was notably absent when
scientists joined the U.S. and Britain to announce a working
draft of the human genome. Yet Japan pioneered genomic
research in the 80s, only to lose its lead. Can it get back
into the next round - the study of proteins - or will it miss
another great opportunity?
http://www.feer.com/_0007_13/p44innov.html

TELECOMS: MOBILE MUDDLE - UTStarcom, a California-based maker
of telecoms gear that sells chiefly in China, saw its Nasdaq-
listed shares plunge 46% after Beijing's Ministry of
Information Industry suddenly froze deployment of the low-cost
mobile networks it installs. The regulatory fog has yet to
clear.
http://www.feer.com/_0007_13/p47innov.html

        ++ Banking on e-commerce
        ++ Computer-assisted motoring
        ++ Unharmonious music formats
        ++ Shanghai's textile-industry makeover

Links to those stories: http://www.feer.com/tw.html#pp

___________________________ MONEY ____________________________

STOCKMARKETS: WHO NEEDS 24-HOUR TRADING? - Stock exchanges
around the world are rapidly forging alliances to create a
global, 24-hour trading system. But they're likely to fail:
Most investors prefer to trade in a company's home market,
where its stock is most liquid.
http://www.feer.com/_0007_13/p54nmoney.html

FINANCE: REACHING OUT - Eighteen months after its
introduction, the weakened euro is far from becoming a reserve
currency on par with the U.S. dollar, and the amount of EU-
Asian trade invoiced in euros is still modest. But Pedro
Solbes, the European Union's finance chief, says Asia should
use the euro more.
http://www.feer.com/_0007_13/p60nmoney.html

        ++ Thailand's untapped farm potential
        ++ A U.S. venture firm's cash call
        ++ Coal company tests China's debt-workout systems
        ++ Stock picks from Taiwan and Hong Kong

Links to those stories: http://www.feer.com/tw.html#as

__________________________ CURRENTS __________________________

Besides the Indonesia cover, Currents has these stories:

TIME OUT: TRAVEL - High in the foothills of the Himalayas in
India, vacationers take a holiday with a difference. Instead
of landing in a hotel, resort or restored maharajah's palace,
they spend two weeks helping a university professor survey the
malnutrition status of Himalayan villagers. Its part of an
Earthwatch programme that pairs tourists with worthy causes.
http://www.feer.com/_0007_13/p72currents.html

        ++ Ancient musical traditions in Yunnan
        ++ Levi Strauss's ethical approach to business

Links to those articles: http://www.feer.com/tw.html#b


______________________ REGULAR FEATURES ______________________

INTELLIGENCE - From the REVIEW's correspondents around the
region. This week: What comes after Mahathir, India's planned
purchase of an Israeli AWACs system, drugs in China, Li Ka-
shing's interest in an oil pipeline, Taiwan's tally of China's
missiles, and more...
http://www.feer.com/_0007_13/p08.html

SHROFF: HONG KONG - The city's paradoxical mix of robust
growth and price deflation is explained by falling rents. More
significantly, the fact that growth can surge despite a
depressed property market shows that structural change is
under way, with IT and hi-tech moving into the driving seat.
http://www.feer.com/_0007_13/p65.html

        ++ Eye on Asia: Japan's frustrated voters
        ++ The 5th Column: Political reform in Thailand
        ++ Regional Briefing: Round-up of the week's top stories
        ++ Travellers' Tales: Bizarre stories from Nury Vittachi
        ++ In Other Words: Notable and quotable sayings
        ++ Editorials: Challenging Beijing; doubting Jakarta
        ++ Letters: China's claim to Taiwan

LINKS TO ALL ARTICLES: http://www.feer.com/tw.html

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All Rights Reserved. Copyright, Review Publishing Company Ltd,
Hong Kong, 2000. A wholly-owned subsidiary of Dow Jones and
Company Incorporated.
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