Benget Besalicto Tnb., THE JAKARTA POST, JAKARTASlowing up: Three towers are under construction in Central Jakarta. Weaker demand and high interest rates are slowing down growth in the property sector this year, delaying start-up dates for planned building sites.

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The Jakarta Post, JAKARTA Publicly listed cellular phone operator PT Excelcomindo Pratama (XL), the country’s third largest telcom company, has cancelled plans to sell 7,000 telecommunications towers and will instead turn to a rights issue to raise funds.

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