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NEW UPDATES Asean Affairs  9 March  2015  

Ferrari's RI sales top Asean market

Even though the nation’s macroeconomic situation has fluctuated for the past few years, Indonesia remains at the top when it comes to sales of the luxury Italian car brand Ferrari in the Southeast Asian market.

Arie Christopher, CEO of Ferrari's authorized distributor in Indonesia, PT Citra Langgeng Otomotif, said that around 35 percent of the prancing horse sales in Asean came from the Indonesian market.

Arie added that the sales of the car grew by between 14 and 20 percent annually in the country.

"There has been an impact from the government’s 125 percent PPnBM [luxury goods sales taxes] which shocked customers. But overall, our sales are still on track," he said as quoted by on Friday, adding that PT Citra Langgeng Otomotif sold up to 60 Ferrari cars last year.

He said the firm had yet to set its sales target for this year due to the fluctuations of the rupiah.

"We want the growth to continue between 14 and 20 percent this year, but we are not able to decide on our target at the moment," he added.

The cheapest Ferrari sold in the country is the California T type with a price tag of US$680,000 off road.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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