Indonesian Political, Business & Finance News

Archive: 2 March 2009

2 articles found

Jakarta Predicted to be Underwater By 2012

we're sinking!! Jakarta Predicted to be Underwater By 2012 TEMPO Interactive, Jakarta:Firdaus Ali, a technical environment researcher from the University of Indonesia, predicts that Jakarta will be underwater before the year 2012. He cited as the cause the excessive suction of ground water in the Jakarta area, resulting in the continuing subsidence of the land surface.

High Hopes That Economic Forum Will Pay Off

Indonesia will try to lure Middle Eastern investors to put their money to work in Southeast Asia’s largest economy during the fifth World Islamic Economic Forum, or WIEF, being held in Jakarta from Monday through Tuesday. “The WIEF is an opportunity for us to show [Middle Eastern investors] that we have strong fundamentals and are an attractive place to invest,” Erwin Aksa, chairman of the Association of Young Indonesian Businessmen, or Hipmi, said at a WIEF press conference on Sunday.