“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

Tuesday, December 01, 2009

Indonesia warns state firms on Dubai fallout

www.chinaview.cn 2009-12-01 12:01:52

JAKARTA, Dec.1 (Xinhua) -- Indonesian State Enterprises Ministry has warned state firms engaging in business in Dubai to watch out for developments in the Dubai World's debt crisis and its impacts, before investing further, a paper said here Tuesday.

Global markets are tumbling after Dubai World, the conglomerate that has long been the chief engine behind Dubai's explosive growth, last Wednesday announced it needed at least a six-month reprieve from paying its debts.

Secretary to the State Minister for the ministry Said Didu quoted by the Jakarta Post as saying that several Indonesia's state construction firms, such as Adhi Karya, and Wijaya Karya have been working on infrastructure projects there.

"State construction companies should stop or postpone their plans to expand their businesses in Middle-East countries," Didu said in a hearing with lawmakers.

State firms, including construction firms PT Adhi Karya and PT Wijaya Karya, may have to temporarily put a brake on their expansion in the Middle East as it is feared the fallout of the Dubai World default could trigger a knock-on effect.

Adhi Karya, for instance, has just completed the construction of a 35-floor apartment at Al-Burj in Dubai, the world's highest tower complex.

It is eying several other projects in the region, including an 106 million U.S. dollars project in Oman, in cooperation with a local company, Adhi Oman.

Meanwhile, Wijaya Karya has two new projects that should be started by the end of the year. One of them is the construction of two power plants each having the capacity of 2 x 500 megawatts in Saudi Arabia.

Meanwhile, the development of a resort project in Lombok, West Nusa Tenggara of Indonesia, to be largely financed by Dubai-based real estate developer Emaar Properties seems to have hit a snag with the Indonesian government now questioning the firms's commitment to the project.

Emaar, a subsidiary of Dubai World, signed a joint venture agreement with the Bali Tourism Development Corporation in 2008, under which it is committed to investing 600 million U.S. dollars to build a resort.

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