Indonesia is Booming and Building, But It Isn’t Boozing
Buddha statue in open stupa in Borobudur, or Barabudur, temple Jogjakarta, Java, Indonesia at sunrise. It is a 9th-century Mahayana temple and the biggest Buddhist Temple in Indonesia.
Indonesia is in the midst of a major property boom thanks to one of the world’s highest economic growth rates, rising per capita incomes, low interest rates, and increased foreign investment.  Concern is mounting that the pace of construction is becoming overheated, yet for the moment the country’s property development stocks are booming.  But celebrations may be more muted than in the past – newly elected president Joko Widodo is cracking down on the sale of beer, requiring that it can only be sold at a significant mark-up and only in supermarkets, bars, and restaurants

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