Word: danareksa
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...last days to launch attacks on the credibility of the upcoming polls. Few, however, expect it to work. "S.B.Y.'s popularity has gone up and down the past year along with the rise and fall of prices for fuel and basic goods," says Purboyo Yudha Sadewa, chief economist at Danareksa Research Institute. "Now prices are stable, and so are his numbers." Indeed, there have been missteps along the way during his past five years as President - such as being misled by certain advisors and his government's failure to use 20% of the budget for education, as mandated...
...verdicts were incorrect, either because judges misunderstood the law or disregarded it. Foreign bankers and investors often have trouble enforcing contracts in Indonesian courts. In one case, a court last year nullified a $180 million loan made by a syndicate of foreign lenders to property developer Danareksa Jakarta International to construct the Jakarta Stock Exchange building, saying the loan circumvented Indonesian borrowing laws and therefore need not be repaid. The creditors are appealing, but one, U.S. investment firm Lone Star, is so fed up that it has vowed not to pursue new business in Indonesia. "Indonesia is never really going...
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