Lippo Pacific

Correction: The US$16.5 million loan facility, as mentioned in our story Lippo Pacific gets $16.5m syndicated loan yesterday, was not for PT Lippo Pacific but for PT Prudential Hotel Development, a subsidiary of the Lippo Group. The loan syndicate was led by Bank Pacific and Pan Indonesia Bank and the proceeds from the loan facility will be used to finance the development and operations of the five-star Imperial Century Resort Hotel and Imperial Country Club in the Lippo Village in Tangerang, West Java. We apologize for the error.

-- Editor