Indonesian Political, Business & Finance News

Archive: 23 November 2008

5 articles found

Bali News: Worse to Come?

Bali Hotel Association Reports Cancellations in Response to Global Financial Crisis.Bali News: Worse to Come?(11/21/2008) Kompas quotes the Executive Director of the Bali Hotel Association (BHA), Djinaldi Gosana, as confirming that the Island's hotels are beginning to report cancellations tied to...

Changes Urged to Permit Foreign Land Ownership

Government Now Scrutinizing Foreign Property Transactions.Bali News: Changes Urged to Permit Foreign Land Ownership(11/21/2008) The National Defense Agency (BPN) has formally asked the National Ministry for Housing and the Indonesian Real Estate Association (REI) to commence collecting information...

Bali News: Waiting for the Bump in the Road

Bali by the Numbers: Arrivals Remain Strong Through End of October as Island Waits for Fallout from World Economic Crisis.(11/21/2008) Bali's foreign tourist arrival numbers through the end of October have yet to show any ill effects from a much-feared coming drop in tourist arrivals precipitated...

Coal Growth to Slow on Low Demand

Indonesia’s coal production growth will slow as the global credit crisis hampers expansion plans by the world’s biggest exporter of the fuel, Fitch Ratings said.“Companies that have not secured long-term funding will likely have to cut back’’ on their spending, the ratings company said in...

RI coal mines attractive for buyout

Alfian, The Jakarta Post, Jakarta A drop in the share price of Indonesian coal companies is making the sector more attractive for potential acquisitions by foreign investors, a report from global rating agency Fitch Ratings says.