From http://paultan.org/archives/2009/07/03/volkswagen-to-invest-us140-million-in-indonesia/ Volkswagen to invest US$140 million in Indonesia At first, the figure was said to be about US$47 million, but the latest is a whopping US$140 million!

Jakarta (ANTARA News) - Amid signs of economic recovery, particularly in emerging markets like China, India and South Korea, Indonesia is also facing better economic prospects this year. While the global financial crisis caused the world economy to undergo a minus 1.3 percent growth, the Indonesian government now predicts the country`s economic growth this year may reach 4.3 percent.

Local Forum Wants a Moratorium on New Projects Until Bali's New Zoning Law is Finalized. (7/4/2009) The Forum of Concern for the Island of Bali (Forum Peduli Bumi Bali) has called on the government to introduce a moratorium on any new building that will further diminish the island's shrinking land reserve until the current revision of Bali's new Zoning Plan (RTRWP) is completed.

(7/4/2009) The prestigious STR Global - a world leader in benchmarking hotel performance, has singled out Bali's hotel industry as a star performer in a world hotel market currently dominated by under performers. Year-on-year measurements for May showed Asia-Pacific hotel occupancies dropped between 14.9% to 55.44%, while Bali managed to actually improve occupancies level during the same period.

Boom boom