• Malaysia Airlines Boeing 777 Crashed in Ukraine; Presumably Shot Down

    A Boeing 777 airplane (flight number MH17) of Malaysia Airlines, flying from Amsterdam (the Netherlands) to Kuala Lumpur (Malaysia) has crashed in eastern Ukraine about 50 kilometers from the borderline with Russia on Thursday (17/07). Reportedly, the airplane was shot down. Supporting evidence for this assumption is debris and body parts that have been found spread across a wide area (more than 15 kilometers wide), indicating an explosion at a high altitude. The Boeing carried 280 passengers and 15 crew members. All are feared dead.

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  • Skytrax: Cathay Pacific World’s Best Airline, Garuda Indonesia 7th

    Skytrax, the United Kingdom-based consultancy airline and airport review and ranking agency, named Hong Kong’s Cathay Pacific as the world’s best airline in the World Airline Awards this week at the Farnborough International Airshow in England. Cathay Pacific snatched the title from Emirates that had to settle for a fourth place this year. The ranking is based on surveys involving 16 million air passengers, evaluating the products and services of full-service as well as budget airlines. Garuda Indonesia was ranked seventh.

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  • Jones Lang LaSalle: Condominium Sales in Indonesia to Break a Record

    Global real estate services firm Jones Lang LaSalle expects condominium sales in Indonesia to post a record-breaking figure in 2014, particularly supported by the current trend in Jakarta (Indonesia’s capital city) where people continue to shift to apartment living instead of detached or attached single-unit housing. Anton Sitorus, head of research at Jones Lang LaSalle, said that despite the weaker outlook for Indonesia’s property market, both developers and buyers have shown increased interest in developing and buying property.

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  • Top Listed Indonesian Conglomerates with Largest Market Capitalization

    The four largest privately-held Indonesian conglomerates that have assets listed on the Indonesia Stock Exchange (IDX) are the Astra Group, Salim Group, Lippo Group, and Sinar Mas Group. Combined, all listed companies controlled by these four groups account for 17.50 percent of total market capitalization on the IDX (total market capitalization on the IDX was IDR 5,027.27 trillion or USD $430 billion on 15 July 2014). Currently, the largest listed firm on the IDX is Astra International, the ‘vehicle’ of the Astra Group.

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