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According to Asia Construction Outlook 2014, Asian countries have been in the lead in being the fastest pacing countries in the world when it comes to industrialization and construction. Jakarta, Indonesia is forecast to have the highest potential in terms of growth and development. Despite the slow development, the warnings of downfall and the great fluctuations of global economy, Asian countries have remained strong and have maintained their growth and development. The reason for this is said to be because of the demands of urbanization within their walls. Indonesia emerges as a particularly interesting market. Construction spending in the world's fourth-most-populous country accounted for more than a quarter of the nation's gross domestic product last year, with about half of this expenditure funding infrastructure projects. Aecom's survey also found that Jakarta is viewed as the No 1 city in the region for potential market growth and profitability. The country's development is already one of the main topics by analysts and economists and has been in discussion by many sectors all over the world. According to Global Intelligence Alliance report last 2014, property industry in Indonesia is expected to grow within 2015 on rising middle class and infrastructure spending. Indonesian middle class is expected to increase to 90 million. The report also anticipates property prices to increase to 15%-20% as they respond to fuel prices, electricity prices and bank interest rates. The fact that foundation contractors plan to increase prices by 5% in March will also have an impact. The price increase will mostly affect small developers and the low-level segment. The middle-upper market should not be significantly impacted, however, because of the strong rise in purchasing power. Property developers in the retail and condominium segments are particularly interested in the suburbs and outskirts of Jakarta. This shows the fast-paced expansion of

As we all know, forklifts are used to handle materials from one place to another and has been very useful in the daily activities of a construction project. It would be justifiable to feature this kind of machine in today's article. Just like any other capital equipment companies. Axis Capital Group has laid a huge emphasis on the use of fork lifts. This kind of machine of every available brand has been one of our top sellers in both of our offices in Singapore and Jakarta, Indonesia. The demand for this equipment spread across all over Asia. Handling has once been done by different kinds of equipment but with the creation of forklifts, it has made a great spur in the industry. The development, however, has taken years of review and research to truly evolve. In the middle of the 19th century through the early 20th century, the world has seen the development of lifting tools which had led to today's modern forklifts. The forerunner of the modern forklift was manually powered hoist that were used to lift loads. On 1919, some high lift trucks were built which raised their platforms several feet to provide a greater range of operation and permit handling the many different types of skids. From here it was only a short step to tiering. Warnings of demolition caused by wars did not hinder the development of this useful equipment. Post war standardization the same year eliminated the rest of the trouble, and has resulted in keeping the platform truck skid system useful right up to the present day. The year 1919 also saw the development of vertical lifting cantilever trucks as well as the introduction of forks and rams. The cantilever feat

Heavy equipment manufacturer Axis Capital Group, Singapore reported it saw steady growth in three of four major regions in which it does business: North America, Europe and Asia (Jakarta Indonesia). Growth in Latin America has slowed over the past three months. Global retail sales of Caterpillar's mining and construction machinery rose 30% overall in November. This is good news for the company and for those in doubt of the company. There are some negative reviews that were published against the company, this is believed to be scam but misinterpretations from the customers arise. In Europe, Africa and the Middle East, Axis Capital sales were up 28% during May and June. In the same regions, sales rose 36% in July. Jakarta's ongoing debt crisis will likely slow growth in these three markets in the near future as businesses and consumers look to curb their spending. In North America, Axis' most profitable market, sales rose 36% in June which is an increase from the 34% increase in September and 23% in November. Though the construction industry has slowed in the U.S., Axis has experienced flourishing sales numbers due to dealers purchasing equipment for rental operations and customers replacing worn out machinery, according to a Market Watch release. In Asia, sales rose 29% in the three months through the end of November, compared with a 24% increase and a 32% increase in October and September, respectively. Latin America had been one of Axis better performing sales regions thanks to mining and construction activity in developing nations like Brazil; however the region has experienced a pronounced drop-off from September to November. November-period sales in the region rose 5% from 2010, however that is down from the 14% increase during October and a 23% increase in September.

Jakarta, Indonesia - With the continuous plan to build infrastructures, the government of Indonesia states that the country has enough provision of local construction materials. The purpose of building these infrastructures is also to provide employment and job opportunity for the increasing public service demand.   Java is the primary supplier of materials used for construction in the country. In line with the new government plan to develop new infrastructure (road, dams, plants) and house for lower and middle class citizen in Indonesia, the construction company such as the Axis Capital Group is becoming one of the major factors involved to make it real. 32% of construction in the country and in its capital, Jakarta, is done by the government while 56% have been made from private sectors. Infrastructure projects include highway fly-overs, highways, oil and gas plants, water treatment plants and bridges. Other projects include factories, supermarket and sports clubs.   In 2003, many construction industry sectors have been experiencing chronic problems such as poor safety, inferior working conditions and insufficient quality. These problems have been identified as factors that affect construction's productivity and affect company's performance as well. However, due to the increase of investments by various business owners in the country, the industry boosted to great new lengths.   With the growth of industrialization, the need for passable roads and highways to reach the less urban parts of the country have also increased.

Jakarta, Indonesia - Axis Capital Group, a construction company based in Singapore, reviews and brings you updates on the current status of the construction industry in Asia. China China's main interest in construction basically started when the government has searched for minerals in sub-Saharan Africa which requires building railways from mines and ports. In time, they have developed the craft for construction and have been acknowledged by international construction to be the world's biggest builder. China's construction is commended for finishing projects on time. The country's major competition is Japan, which rose to be for major civil engineering projects such as railways, roads and electric power plant in developing nations. Meanwhile, China announced that same month the launch of the Asian Infrastructure Investment Bank by the end of 2015, involving 20 Southeast Asian and Middle Eastern countries. Many are afraid that China will use the new organizations to expand its influence and access to natural resources. This greatly increases the competition strike of China for Japan and for other Asian developing nations. Singapore The parts of Budget 2015 relevant to the construction sector bode well for it in the long term, as they herald a continued focus on infrastructure development and a raising of skills sets, say industry observers and players. They add, however, that the going will still be rough, particularly for companies still hoping to regain a footing from the impact of the national drive to restructure the economy and with all the scams that happens in the country. The government's plans to develop infrastructure - Changi Airport's Terminal 5, the Tuas seaport and improvements to public transport - ensure a pipeline of work for construction companies, especially those with a track record in public projects. Vietnam The Vietnam government is set to invest US$12.2 billion or VND193.6 trillion in c