Quoting: biznews "The investor can build the villas first and arrange the permit later on. ...," he said.

US footwear group Collective Brands, which owns the Payless shoe stores chain, will open 15 franchised stores in Indonesia next year and is shifting a chunk of production away from China to south-east Asia’s largest economy, executives said.

VIVAnews - The idea to make possible the distribution of common ASEAN currency in Southeast Asian countries will depend much on the strength of the financial sector in the countries within the region. Today's situation in Europe teaches other regions willing to put the system into effect to endure longer processes. "Inter-governmental collaboration is indeed important to ancipating any future crisis.

VIVAnews - A small number of foreign investment agencies figure that Indonesia may emerge as the next economic giant after China and India. Nevertheless, an economist, A Prasetyantoko, writes in his book "Ponzi Ekonomi" that the country has in fact poor competitiveness. Prasetyantoko revealed that although some improvements have been made, Indonesia's Global Competitiveness Index (GBI) was only rated at 54 based on the Competitiveness Report 2009-2010.

C Lombok, W Nusa Tenggara (ANTARA News) - An Australian company plans to build 50 villas of international standard in South Lombok marine tourism resort in West Nusa Tenggara province, a local official said. "The Australian company will build villas in Seger Kuta beach and Benang Kelambu natural tourist resort in North Batukliang subdistrict," Central Lombok District Head H.M.Suhaili FT said on Sunday.