LONG WAY TO FALL

The Jakarta Post   |  Mon, 10/13/2008 1:52 PM  |  Business

JP/P.J. LeoJP/P.J. Leo

Trihatma K. Haliman (center), president director of PT Cahaya Mitra Sejahtera (CMS) — a joint consortium of Agung Podomoro Group (AGP) and PT Raka Utama — chats with CMS director Kusna Sukmadja (left) and AGP director Ariesman Widjaja after a ceremony marking the topping-off of Permata Hijau Residences in South Jakarta on Saturday. Amid the global financial crisis, the central bank has suggested banks ease consumer loans on fears of bad debt — less mortgage loans could impact property sales.

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