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| Srl | Item |
| 1 |
ID:
118913
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| Publication |
2012.
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| Summary/Abstract |
Drawing principally upon a rich vein of previously unexploited business records, this paper analyses the experience of British firms in Indonesia between the achievement of independence and the beginnings of the Suharto regime. As in The Netherlands East Indies, British enterprises occupied a significant position in post-colonial Indonesia in plantations, oil extraction, shipping, banking, the import-export trade, and manufacturing. After the nationalization of Dutch businesses from the end of 1957, Britain emerged as the leading investing power in the archipelago alongside the United States. However, during Indonesia's Confrontation with British-backed Malaysia (1963-1966), most UK-owned companies in the islands were subject to a series of torrid (albeit temporary) takeovers by the trade unions and subsequently various government authorities. Most of these investments were returned to British ownership under Suharto after 1967. But, in surviving the Sukarno era, British firms had endured 15 years of increasing inconvenience and insecurity trapped in a power struggle within Indonesia's perplexing plural polity (and particularly between the Communist Party and the military). Indeed, the Konfrontasi takeovers themselves, varying in intensity from region to region and from firm to firm, were indicative of deep fissures within Indonesian administration and politics. The unpredictable and unsettled political economy of post-colonial Indonesia meant that the balance of advantage lay not with transnational enterprise but with the host state and society.
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| 2 |
ID:
097870
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2010.
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| Summary/Abstract |
In a 'dawn raid' on the London Stock Exchange on 7 September 1981, the premiere British rubber and oil palm conglomerate in Malaysia, the Guthrie Corporation Limited, was taken into local control in less than four hours. This was the most dramatic Malaysian acquisition of a foreign company during the restructuring of the country's post-colonial economy during the 1970s and 1980s, and the Guthrie Dawn Raid remains a celebrated but, at the same time, contested juncture in contemporary Malaysian memory. Drawing upon a variety of sources-including original interviews and correspondence with key participants in, and observers of, the Guthrie Dawn Raid, as well as newly released British documents related to the Anglo-Malaysian events of September 1981-this article presents a new interpretation of the origins of this most iconic of Malaysian corporate takeovers. In particular, it stresses the long-term aspirations of a key (but often overlooked) figure within the late and post-colonial Malay bureaucratic and economic elite, Ismail Mohamed Ali. At the same time, the article emphasizes the specific requirements of Malaysia's New Economic Policy against the backdrop of burgeoning intra-Malaysian ethnic business competition.
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