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India's fortune groups like Vedanta Resources and Tata Group also have substantial mining operations in Indonesia. In 1998, the value of Indonesian gold and copper production was $1 billion and $843 million respectively. Receipts from gold, copper, and coal accounted for 84% of the $3 billion earned in 1998 by the mineral mining sector.
The May 1998 Indonesia riots (Indonesian: Kerusuhan Mei 1998), [1] also known colloquially as the 1998 tragedy (Tragedi 1998) or simply the 98 event (Peristiwa 98), were incidents of mass violence and civil unrest in Indonesia, many of which targeted the country's ethnic Chinese population.
The Post-Suharto era (Indonesian: Era pasca-Suharto) is the contemporary history in Indonesia, which began with the resignation of authoritarian president Suharto on 21 May 1998. Since his resignation, the country has been in a period of transition, colloquially known as the Reform era (Indonesian: Era Reformasi ).
4 May – The start of the May riots in Indonesia. [2] 12 May – Trisakti shootings: Indonesian National Army soldiers fire and kill four protestors. [3] This causes the start of the riots in Jakarta. 15 May – 1998 Klender mall fire : A fire in the Klender Mall due to looting leaves at least 200 people dead. [4]
Indonesia followed the Kingdom of Thailand in abandoning the fixed exchange rate of its currency on 14 August 1997. [11] The rupiah further devalued to its lowest point following the signing of the second IMF letter of intent on 15 January 1998. In the second half of 1997, Indonesia became the country hardest hit by the 1997 Asian financial crisis.
Efforts to improve the island's infrastructure are ongoing, [3] notably the construction of a new port and train line in Makassar in the late 2010s. [1] In 2019 efforts began to establish a special economic zone in North Sulawesi, [ 4 ] though some locals have objected that these projects are destroying local communities and industries.
Pages in category "1998 in Indonesia" The following 3 pages are in this category, out of 3 total. This list may not reflect recent changes. 0–9. 1998 in Indonesia; R.
The 1997/1998 activists kidnapping were abductions of pro-democracy activists which happened between the 1997 Indonesian Legislative Election and the fall of Suharto in 1998. The kidnappings took place in three different phases: before the May 1997 Indonesian legislative elections, two months before the People's Consultative Assembly (MPR ...