Indonesian Political, Business & Finance News

Archive: 30 March 2009

3 articles found

Emaar Withdraws From US$600 Million Lombok Project

I see there was a story from Antara saying the project was back up and running, though the story failed to mention Emaar even once. Nor did it say where the funding for the project was coming from.

Kadin calls for swift steps as economy under more pressure

Aditya Suharmoko A further downward revision of Indonesia’s forecast economic growth by the central bank shows the economy is under stronger pressure from the global financial crisis, the Indonesian Chamber of Commerce and Industry (Kadin) says, urging the government to take more rapid steps to...

Retail Market Leader Matahari Shines Despite New Regulations

While surveys in recent months have revealed a shift by shoppers from modern retail outlets to traditional markets since the global economic crisis started, Matahari, the country’s biggest department store chain, expects to buck the trend and grow sales by 20 percent this year.