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Document 50 of 67.

June 05, 1998

SECTION: Nationwide Financial News

LENGTH: 172 words

HEADLINE: NIKE TO CONTINUE INVESTING IN INDONESIA: MANAGER

DATELINE: JAKARTA, June 5

BODY:

US shoe company Nike is continuing to invest in Indonesia despite the recent riots and considers that the situation has gradually returned to normal, a company manager said.

However, Nike expects the government of Indonesia to take immediate appropriate steps to accelerate the restoration of situation in Indonesia, said the Country Manager of Nike Inaternational Ltd, Tony Nava, in Serang Tuesday.

"We are still commited to investments in Indonesia," he said.

"At present Indonesia supplies 29 percent of Nike shoes all over the world," said Nava." I think President BJ Habibie has also started taking appropriate steps to recover the economy," he said.

He pointed out that Nike was not rejecting business opportunities in Indonesia, although recognising that at present many businessmen are adopting a wait-and-see attitude about the situation in Indonesia.

"How and when the situation in Indonesia will be restored depends on Indonesia itself, not foreign investors," he said.

(ANTARA)

LANGUAGE: ENGLISH

LOAD-DATE: June 5, 1998