Sarinah to build hotels, apartments on key sites The Jakarta Post, Jakarta State-owned retailer PT Sarinah Persero plans to expand by developing apartments, hotels and office buildings on its sites in Jakarta, Bandung and Bali. "We will maintain our focus on the retail business, but we will optimize the use of our land resources by constructing hotel and office complexes," Sarinah president director Ketut Arnaya said at a ceremony Thursday in Jakarta marking Sarinah's 44th anniversary.

FDI inflows remain disappointing Urip Hudiono, The Jakarta Post, Jakarta Foreign investment still appears to be in the doldrums, with the second half of the year starting off to a 24 percent decline in direct foreign investment compared with the same period last year.