Word: window
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Dates: during 2000-2009
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...Even more in demand is the Kelompok Jendela, or Window Group, from Yogyakarta. It has taken the auction world by storm, with works by Rudi Mantofani, Yunizar and Handiwirman Sahputra leading the way (Yunizar and Handiwirman's paintings have sold for over $50,000). According to Deddy Kusuma, owner of one of Indonesia's largest collections, some works by the group have appreciated by 10 times in the past year alone. Established painters are also benefiting from the surging interest. Nasirun, a well-known but reclusive 42-year-old painter in Bantul, Central Java, is currently selling paintings to overseas...
...There's something missing, though: shoppers. On a recent Monday afternoon, despite blazing temperatures outside, the only crowd to be found in the air-conditioned expanse of Golden Resources is a gaggle of shopgirls on their breaks. The few customers loitering around appear to be just window-shopping. Nearly half of the mall's original restaurants shut down in the first year after opening. The parking garage's 10,000 spaces host a handful of cars. Xiao Chen, a shoe salesman, states the obvious: business stinks. "Monthly sales here are not as much as a weekly sales in other stores...
...this strategy offers almost instant profits for investors, builders have little incentive to pick tenants carefully-and no incentive to ensure the facility is properly managed for the long haul. "If there's any empty stall when it comes close to time to open, all planning goes out the window," says David Hand, head of Jones Lang LaSalle's Beijing office, who estimates 95% of malls opened in China over the next five years will fail...
...Chen's term to be over - and not just because of its treasured Olympics. There is another prize as well. Both the KMT's presidential candidate, former Taipei mayor Ma Ying-jeou, and the DPP's nominee, former Premier Frank Hsieh, support improved ties with the mainland. "Some window of opportunity exists ahead of us," says Yang. Beijing just has to get over the finish lines without giving in to its Olympic jitters...
...Chen's term to be over - and not just because of its treasured Olymics. There is another prize as well. Both the KMT's presidential candidate, former Taipei mayor Ma Ying-jeou, and the DPP's nominee, former Premier Frank Hsieh, support improved ties with the mainland. "Some window of opportunity exists ahead of us," says Yang. Beijing just has to get over the finish lines without giving in to its Olympic jitters. With reporting by Natalie Tso/Taipei