Indonesia's fast-laners doing just fine

In the first half of 2000, BMW sales in Indonesia were up 733% from a year earlier; not bad considering the rupiah lost a quarter of its value.

For the Indonesian elite, life must be getting better. It would appear BMW is fast replacing IMF as the best-known TLA Three-Letter Abbreviation, if latest sales figures are anything to go by. In the first half of the year, sales of new BMWs soared a massive 733% to more than 1,000 units, while for Asia as a whole the rise was a more modest 17% to 27,476. The German automaker expects its Indonesian new car sales to reach around 2,500 this year û a major recovery towards the 4,000 achieved in pre-crisis 1997.

Not bad considering the Indonesian economy is expected to deliver just 4% growth this...

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