Tuesday, April 21, 2009

Global Economic Crisis Affecting Tanjung Balai Karimun?

Is the world financial crisis affecting Karimun Island? There is a definite decrease in tourism from neighbouring countries like Singapore and Malaysia. Anecdotal feedback from ferry operators, taxi drivers indicate a drop of around 30-40% in the last 4-5 months. Hotels have also been affected badly. There is no indication yet whether the FTZ investors like PT Saipem will be affected.

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