JAKARTA, Dec 23 (Reuters) - Indonesia's top mortgage lender, PT Bank Tabungan Negara , sees a government commitment to allow foreigners to own local property next year as an opportunity for aggressive expansion, the company's CEO said on Thursday. Indonesia's property sector could attract between $3 billion to $6 billion in new investment if parliament completes the passage of a law lifting restrictions on foreign property ownership in Southeast Asia's biggest economy, industry players say.

In September, Indonesia's leader Susilo Bambang Yudhoyono was moved to put pen to paper, composing a letter to Barack Obama. He was agitated about the plans of the Florida pastor Terry Jones to burn a pile of Korans on the anniversary of the September 11 attacks. If allowed to proceed, it would ''humiliate'' Muslims around the world and threaten world peace, Dr Yudhoyono wrote.

Build, build, build seems to be the message of the moment, and will still be in 2011 as the government looks to accelerate infrastructure development across the country. The sense of urgency within President Susilo Bambang Yudhoyono’s government to ease the growing bottlenecks that are threatening to suffocate economic growth is palpable.

After nearly a decade of subpar investment, Indonesia’s manufacturing sector is set to receive a major shot in the arm in 2011. Industry Minister MS Hidayat said last week that tax breaks could generate as much as Rp 125 trillion ($13.9 billion) in manufacturing output, the amount needed for the sector to reach its growth target of 6.1 percent in 2011 from 5.2 percent this year.

Denpasar. The Ministry of Culture and Tourism is pushing for a moratorium on the construction of new hotels in Bali, saying the resort island has almost 10,000 rooms it doesn’t need. Hengky Hermantoro, head of the ministry’s tourism research and development center, said there were a total of 55,000 rooms in hotels, villas and backpacker’s inns across the island. Ideally, he added, Bali should have only 45,200 rooms.