Constitution Bars Realtors' Efforts to Extend Property Ownership Rights to Non-Indonesians. (12/26/2008) The Indonesian Real Estate Association (REI) chapter from North Sumatra told the national news agency Antara that there is a pressing need to extend the leasehold period for foreigners in Indonesia in order bolster the national real estate market.

Bali's Leaders Gather to Plot Strategies to Confront World Economic Crisis. (12/26/2008) A discussion of Bali's economy for 2009 was convened on Wednesday, December 24, 2008 by Bisnis Bali including leading academics, banking officials, government officials and local business leaders. Among the highlights of those discussions: ● Bali's economy will slow in 2009, growing at a rate of 4.5% down from a current rate of growth of 6%. ● The ailing U.S.