Following Vice President Jusuf Kalla's latest criticism of the reluctance of local banks to provide more lending to the real sector, the central bank has pitched into the act, urging foreign lenders operating in the country to increase their corporate lending.

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After missing the March deadline for submitting a draft law on special economic zones (SEZs), the government says it is still working out details on issues such as incentives and facilities.

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The residential property market, particularly condominiums and apartments, has displayed remarkable growth both in supply and demand as upbeat developers have started to take advantage of the downward trend in lending rates.

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