1. SBA News
Our last board meeting discussed the EIA progress and it seems like it's going to be something. The last picture was won by Bert-Åke and he was very happy over this lucky draw. We have a special board meeting on October 23, which will cover all day more or less, and will be a contribute to Harald Sandbergs, our Ambassador that now leaves for South Korea. If you would like attend, please mail me or Per Thuresson for details. Other events close to this is a event by the Danish Business Association at JW Marriot with Michael Zink (Citicorp) as a guest speaker on October 29 at 18.30. If you are interested, please contact Frank Pedersen at frank.pedersen@siemens.com I think that will be a good event.

Credit Lyonnais Private Banking Asia

INVITATION TO A BREAKFAST TALK INVESTMENT STRATEGIES FOR EXPATRIATES IN ASIA NOVEMBER 6TH, 2003 8h30 – 9h30 at the Hotel Mulia, JAKARTA As the global investment environment changes rapidly, investors find themselves exposed to new risks and challenges. Those changes could affect the strategies of European investors and expatriates in Asia. To better understand how you stand to gain from the changing financial landscape, I would like to invite you to an informative discussion over some croissants and coffee on November 6 (8h30 – 9h30) at : Hotel Mulia, Jl. Asia Afrika, Senayan - Jakarta 10270. Tel (6221) 574 7777. Topics to be covered will include the following : INVESTMENT STRATEGIES FOR EXPATRIATES IN ASIA-CASE STUDIES Managing a profitable investment portfolio - does stock-picking really matter ? Managing your exposure to European Taxation - now and in the future. Leveraging Life Assurance contracts for high net worth individuals. Building your Real Estate value - how your private banker can increase your return on investment. A Q&A session will enable attendants to get specific answers from Crédit Lyonnais private bankers. RSVP by faxing the attached form to Susan CHIA at +65 6333 8590. If you have any query, please contact me in Singapore. Yours sincerely, Geoffroy Dedieu DID +65 6832 0956, Fax +65 6333 8590, geoffroy.dedieu@creditlyonnais.fr.

Note: Everything in this news letter is written by Michael Olsson. The content are reflecting his view and do not represent the Swedish Business Association nor any other of it's members. This newsletter is intended to give some "Swedish" reflections on Indonesia and what is going on in the Swedish Business Community. Any comments or news are welcome to the E-mail address: michael_olsson@atlantis.co.id. Also book October 23, 18.00 at the same address for the coming board meeting, there we will have Harald Sandberg with us for the last time. For everyones information, there are still 2 paintings left to win......

1. SBA News
Now it's time for a new board meeting. We will meet up on Friday September 12 at 18.00 in my new office at PT BMOlsson Indonesia, Kompleks Ruko Cempaka Mas (Mega Grosir), Blok O/No.30, Jl. Letjen Suprapto, Jakarta 10640, Telp (021) 4260911. The agenda will among others also include the long series of EIA meetings. Due to the fact that money now will be released from the European Union a lot of new spirit and activity has been shown....

1. SBA News
EIA has had a board meeting where hot discussions in regards to articles and EU financed projects has been discussed. It seems that the "larger" members differs a bit from the "smaller" members. I guess we need to be a bot more pragmatic in our participation or the train will leave the station without us. There are also a EIA Business lunch on August 21, 12.30 at Intercontinental Midplaza Hotel. Call Nita Iskandar at 5208261 (IFCCI) for more information and registration.

2. Swedish Business in Indonesia News
The holidays are now over and Sweden is getting more active. A large interest for Indonesia as a country are raising. The tarnished reputation makes it hard to get investors and tourists in. Several smaller entrepreneurs are interested to establish them selves in Indonesia, with the target to be in place when it turns around. Also to note there are several investments from Sweden getting in here from the larg companies as well, even if it requires a lot of lobbying.

1. SBA News
It is holiday times and not much is happening in the Swedish Business Community. The EIA board meeting has been moved several times and the last bid was July 23.

2. Swedish Business in Indonesia News
The Sweden - Indonesia relations seems to be back on track. The hefty reaction on Hasan Tiro has calmed down and there are no reported problems for any Swedish interests. We all hope that this holds.