Drilling at the Montong Botek high grade gold and copper porphyry target in Lombok has returned the longest mineralized intercept to date, which includes 0.25 g/t gold over 576.95 meters, New York's International Business Times reported Tuesday (8/4/08).

PT Pancakarya Griyatama will build an integrated property project called Tangerang City with an investment of around Rp1 trillion ($111 million) in Tangerang, Banten, Antara reported Tuesday (8/4/08). The project to be built over a 10-hectare plot of land in the center of Tangerang city is to be completed in 2010, Pancakarya vice president Calvin Lukmantara said.

The Regent hotel chain is set to return to Indonesia to manage and market a new luxury property to be built by Grand Pacific Properties Ltd. (GPP) on a four-hectare estate on Sanur beach, Bali, The Jakarta Post reported Tuesday (8/4/08). The investment is between $75 million and $100 million. Carlson Hotels Asia Pacific Pty., which owns the Regent brand, signed agreements with GPP in Singapore last week covering hotel development services, hotel management and marketing trade licenses.

First quarter sales of cars, heavy equipment and cement moved up strongly, indicating that the effects of a global economic downturn had yet to dent the domestic economy. Car sales in the first quarter rose 61% to 135,607 vehicles, data compiled by the country's biggest car dealer, PT Toyota Astra Motor (TAM), showed Friday (11/4/08), Thomson Financial reported. In March, domestic sales reached 46,720 vehicles, down from 47,507 in February but higher than the 33,857 vehicles sold in March 2007.