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NEW UPDATES Asean Affairs  14 October 2014  

RNI invests Rp 400b in Cawang budget hotel

 Indonesia:PT Rajawali Nusantara Indonesia (RNI) is to build a budget hotel on Jl. MT Haryono, Cawang, East Jakarta, with an investment of Rp 400 billion (US$32.7 million).

RNI president director Ismed Hasan Putro said the hotel would be built on 6,739 square meters of land, and would have 11 floors with 150 rooms. The hotel’s construction is expected to be completed in 2016.

“We have seen that the middle class continues to grow, so we have chosen to build a budget hotel because demand kept on rising but the supply wasn’t there,” Ismed said Sunday, as quoted by, adding that the hotel aimed to make the company’s land more productive.

RNI aims to source income from other sectors besides the sugar industry, which contributes 60 percent to its overall revenue. “We have made a breakthrough by converting empty land into a building with added value,” Ismed said.

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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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