| RI will be more stable
than India, Malaysia and Thailand in 2009 |
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| The Jakarta Post, Jakarta,
10/28/2008 9:41 PM: With concern setting in about the declining rupiah
and share prices, there is good news yet: Indonesia next year will be much
more stable than regional peers India, Malaysia and Thailand, a Hong Kong-based
political risk consultancy said Monday. "Indonesia is much more stable
today than it was when the regional financial crisis hit in 1997-98. The
coming election campaign is likely to see the present government return,
with (President Susilo Bambang Yudhoyono) winning the presidency and keeping
Jusuf Kalla as his vice president," |
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Cessna plane lands
on tollway
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| The Jakarta Post, Jakarta 10/29/2008
10:02 : A flight training aircraft made an emergency landing on the Jakarta-Cikampek
tollway |
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| while enroute to Cirebon, West Java,
Wednesday morning. The four-seater Cessna 172 PK-SDQ, carrying a flight
instructor and two students, landed at kilometre 71/400, tempointeraktif.com
reported. The Alpha Flying School-owned plane, which had departed from
the city's Halim Perdanakusuma Airport, reportedly loss engine prior to
the land. "The plane landed on the roadside, but there is no reason to
close down traffic," Head of the National Police Traffic Directorate for
Main Road Patrol Adj. Comm. Susilo said. "One wing covers the first lane,
but traffic is still considered normal," he said. According to the Jakarta
Traffic Management Center, no casualties were reported. |
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Bali Airport
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| (10/25/2008) Bali's Governor Made
Mangku Pastika is calling on the officials in charge of Bali's Ngurah Rai
International Airport to divert some of their substantial profits to the
benefit of the Balinese people. In a recent meeting between the Governor
and officials of PT |
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| Angkasa Pura, the company charged
with operating and managing Bali's sole airport, the Governor renewed long-standing
calls for more of the large profits earned from the operation of Bali's
airport to be retained in the province. |
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Bali property
Collapse
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| (10/25/2008) The Chairman of the
Bali Chapter of the Indonesian Chamber of Commerce (KADIN,) has predicted
that the real estate business in Bali will collapse before then end of
2008. This dire prophesy was made to beritabali.com by Gede Wiratha who
said that the current global financial crisis and lack of credit facilities
threatens the funding of villa and apartment projects in Bali. Saying that
the development of the property sector in Bali is very dependent on funding
from |
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| financial institutions, Wiratha posed
the question: "The Banks themselves are in difficulties, how can they possibly
extend credit?" Wiratha, who owns various tourism and entertainment ventures
in Bali, told the press that early indications of the coming collapse are
already in evidence with a number of American and European hurriedly putting
their villas and apartments on the market. |
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Bali Swelters
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| (10/25/2008) Record high temperatures
have been reported across Java and Bali over the past two weeks, The Bali
Meteorology and Geophysics Bureau (BMG) are predicting high temperatures
to continue through the coming week with reaching 35 degrees Celsius. Weather
experts are blaming the warmer than normal temperatures on the close proximity
of the sun's path to equatorial Indonesia. Warning Bali residents to be
on guard to the threat of fire, a spokesman for the BMG predicts that temperature
will continue to hit 35 degree Celsius in some areas with humidity reaching
as high as 93%. Bali's rainy season, now due to commence and last until
April of next year, will provide some much waited relief from the current
heat. |
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