Indonesian Political, Business & Finance News

140 foreign names to be changed

| Source: JP

140 foreign names to be changed

JAKARTA (JP): One hundred and forty real estate developers
have agreed to change the foreign names of their projects to
Indonesian, an executive of the Indonesian Real Estate
Association said.

The name changes will be publicly announced on Aug. 10,
Enggartiasto Lukita, the chairman of the association, told
reporters on Wednesday.

Sunter Paradise, which is owned by PT Super Progress, for
example, will be changed into Nirwana Sunter Asri, Bogor Lakeside
by PT Sejahtera Ekagraha/PT Asia Pacific Pratama into Danau Bogor
Raya, Peninsula Garden by PT Pudjiadi Prestige Ltd. into
Perumahan Taman Peninsula and Parkview Apartment by PT Multipanen
Kotrindo into Apartemen Slipi.

The 140 are part of 550 real estate developers that use
foreign names in Greater Jakarta, which covers Tangerang, Bekasi
and Tangerang, he said.

The name change is in response to the government's campaign on
the proper use Indonesian. All developers are urged to change
their foreign names, except those with a patent, by Aug. 17, when
Indonesia celebrates its 50th independence day. (31)

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