{
    "success": true,
    "data": {
        "id": 1389852,
        "msgid": "128-developers-close-down-1447893297",
        "date": "1998-03-16 00:00:00",
        "title": "128 developers close down",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "128 developers close down SEMARANG: All 128 small-scale developers, members of the 160 Real Estate Indonesian Association in Central Java, have gone out of business after failing to secure bank loans for their construction activities. According to Senopati, commissioner of PT Tanah Mas Group, banks have stopped providing construction credit since mid-1997, Facing a gloomy market and losing revenue, the companies have had to lay off thousands of workers, he said here Saturday, Antara reported.",
        "content": "<p>128 developers close down<\/p>\n<p>SEMARANG: All 128 small-scale developers, members of the 160<br>\nReal Estate Indonesian Association in Central Java, have gone out<br>\nof business after failing to secure bank loans for their<br>\nconstruction activities.<\/p>\n<p>According to Senopati, commissioner of PT Tanah Mas Group,<br>\nbanks have stopped providing construction credit since mid-1997,<\/p>\n<p>Facing a gloomy market and losing revenue, the companies have<br>\nhad to lay off thousands of workers, he said here Saturday,<br>\nAntara reported.<\/p>\n<p>He said that under such adverse circumstances, Bank Indonesia,<br>\nthe central bank, should provide construction credit for the<br>\ndevelopers. (swe)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/128-developers-close-down-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}