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Limitless pay delay holds back project

Posted on 28 May 2009

From Sukuk.net: Completion of one of Indonesia’s flagship developments will be delayed by up to four months due to a hold up in financing from Limitless Holding, the chairman of its partner on the project, PT Bakrieland Development, said in comments published on Wednesday.

Hiramsyah Thaib said the Rasuna Epicentrum development in Jakarta, which Limitless last year agreed to buy a 30 percent stake in, will be completed by August or September rather than this month, the English-language Jakarta Globe reported…….Full Article: Source

 
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