Indonesian Political, Business & Finance News

Archive: 12 February 2009

8 articles found

Property Market Reduced by Ten Percent

TEMPO Interactive, Jakarta: Research by property consultant Jones Lang LaSalle, said the market in Indonesia was reduced by ten percent. However, Indonesia is still a potential market. Chairperson Lucy Rumantir, said that since the fourth quarter last year, the property market has slowed down due...

Government Asks ASEAN Free Trade to be Delayed

TEMPO Interactive, Jakarta: Entrepreneurs are asking ASEAN free trade (AFT) to be delayed. The government is asked to focus on the national interest. “We better delay it until the crisis is over,” said head of Indonesian Employers Association (Apindo), Sofjan Wanandi, yesterday.

China-made Shoes Flood Local Markets

TEMPO Interactive, Jakarta:The Indonesian Shoe Producers Association chairman, Eddy Widjanarko, said local shoe production was being squeezed out by imported products from China. "We are concerned that the crisis will force China to dump their products worldwide, including in Indonesia,"...

Budget hotels may buck property trend

Benget Besalicto Tnb., THE JAKARTA POST, JAKARTASlowing up: Three towers are under construction in Central Jakarta. Weaker demand and high interest rates are slowing down growth in the property sector this year, delaying start-up dates for planned building sites.

Excelcomindo cancels tower sales

The Jakarta Post, JAKARTA Publicly listed cellular phone operator PT Excelcomindo Pratama (XL), the country’s third largest telcom company, has cancelled plans to sell 7,000 telecommunications towers and will instead turn to a rights issue to raise funds.

Mazars Accounting Firm to Set Up Shop

France-based accounting firm Mazars is to enter Indonesia through a merger with the local arm of Moores Rowland, said executive Jon Mellows.Mazars will join the list of the big four international accounting firms that already have operations here.

Thomson Financial News Indonesia consumer confidence edges up -surveys

Bank Indonesia's survey of 4,600 households in 18 cities across Indonesia, released on its website (www.bi.go.id) released on Wednesday, Journalism FAIL

Indonesia seeks greater control over its energy resources

only $201.57 million?Cheapskates...