Going South

Some of the best residential investments can be found in Jakarta’s southern half.

By Pudji Lestari & Ardian Wibisono

Jakarta’s property market, along with the rest of the economy, is booming, with the prices for residential housing in many prime locations up by at least 10% last year, sometimes as high as 20%. The residential market, defined as landed houses, condos and apartments, is doing especially well in the southern end of Jakarta. Areas popular with expatriates, such as Kemang, Kebayoran, Pondok Indah and Jalan TB Simatupang have seen significant price gains as they are close to international schools and also are relatively close to Jakarta’s main business districts. Continue reading

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Lasting Value

The Hamami family is on a quest to construct a business group to survive for generations.

Rachmat Mulyana Hamami

Rachmat Mulyana “Muki” Hamami.  © Ahmad Zamroni/Forbes Indonesia

The ultra-modern Trakindo building in Cilandak looks like one that should be in the central business district rather than a suburb of Jakarta. Yet its location is significant. It was here in Cilandak that the Hamami family’s business PT Tiara Marga Trakindo (TMT) has been located since 1971. That longevity, and respect for tradition, is a testament to the guiding philosophy of the family and its business interests. Continue reading

Mining absorb $1 bio of FDI

Investment realization in Indonesia for the first quarter 2011 reach Rp 53.6 trillion, growth 27.3% from the same period last year. From this total investment figure, nearly three-quarter of it (Rp 39.5 trillion or 73.8%) are foreign direct investment (FDI) in sectors like mining and utilization, and West Java are the biggest location for foreign investors spending their money. Continue reading

“Competition is quite severe”

Hankook Tire, the biggest tire producer in Korea and seventh largest in the world, are planning to build a new tire manufacturing plant in Indonesia and invest total US$1.1 billion in seven years to 2018. Outside South Korea, Indonesia is the third country as a production based for Hankook, beside Hungary and China. As the world’s second largest natural rubber producer, Indonesia with its abundant raw material availability makes it a great place to build tire factory. To find out more about Hankook investment plan in the country here is the short interview with Hyun Bum Cho, executive vice president of Hankook Tire, South Korean company: Continue reading

To attract investment from China

The second week of this month, Bisnis Indonesia journalist Pudji Lestari took the opportunity to participate in the working visit of the Chairman of Indonesia Investment Coordinating Board (Badan Koordinasi Penanaman Modal/BKPM) Gita Irawan Wirjawan to the World Economic Forum on East Asia (WEFEA) in Ho Chi Minh City, Vietnam and the World Expo in Shanghai, China.

The two activities serve as a forum to promote investment opportunities in Indonesia. Here’s the report. For the Head of BKPM Gita Irawan Wirjawan, China is one important country. At least, since serving as head of BKPM about 6 months ago, he was back and forth to the country three times already. During his visit to China this time, the World Expo held in Shanghai became the target of Gita. There, as usual, he held numerous meetings with Chinese businessmen. Continue reading