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Related Indonesia Industry Reports
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Company News
Jakarta Setiabudi Still Suffers Loss page B2 (18-November-2005) PT Jakarta Setiabudi Internasional Tbk (JSI) predicts to still suffer a loss this year because of several problems, such as the rennovation of the Grand Hyatt Bali where 60 percent of the rooms have been closed. By September this year, the company’s income increased by 17 percent (Rp.59.9 billion) compared to the same period last year from Rp.356.7 billion to Rp.416.7 billion. Jakarta Setiabudi and Hotel Accor Builds Formula 1 Hotel Warta Ekonomi (27-January-2005) PT. Setiabudi International Tbk and Hotel Accor plans to build 20 Formula 1 Hotels in indonesia at a cost of Rp. 30 - 40 billion per hotel. Since 1997, PT. Setiabudi has delayed building of its hotels including Setiabudi One, Mercure Convention Centre, and Mercure Resort Sanur. Since 2004, buiding has recommenced. PT. Setiabudi is also currently renovating Grand Hyatt Bali and Bali Collection.
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| PT. Dataindo Inti Swakarsa | Telp : (62 - 21) 719 3832 |
| 3rd Floor, Gapura Raya Building | Telp : (62 - 21) 719 3834 |
| Jl. Bangka Raya No. 4, Pela Mampang | Email : [email protected] |
| Jakarta 12720, Indonesia | |
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