A Boom for Overseas Developers
ON an empty site next to an electrical cable factory in West Jakarta, 25 apartment towers are to be built. Last Tuesday, dozens of workers assembled on the 16-hectare site.
They were ready to start building the marketing office for Daan Mogot City Apartments, now commonly shortened to Damoci. The marketing office for the complex is four stories high. The second floor will be used for a display apartment.
Two weeks have passed, and the cargo ship MV Ever Judger has not left the waters of Balikpapan Bay in East Kalimantan. This ship, which sails under the flag of Panama, should have set sail on March 30, leaving Balikpapan with a cargo of 74,000 tons of coal, headed for Lumut, Perak, Malaysia. The captain had been authorized to leave by the port authority.