Indonesia-Market factors to watch Sept 9

JAKARTA, Sept 9 (Reuters) - Following is a list of events
in Indonesia as well as news stories and press reports which
may influence financial markets.

(Reuters News welcomes your feedback and for any queries
please contact Sara Webb in Jakarta editorial on +6221 384 6364
or via email at sara.webb@thomsonreuters.com or on Reuters
messaging sara.webb.reuters.com@reuters.net)

WHAT IS HAPPENING IN INDONESIA, LOCAL TIMES FOLLOWED BY GMT

(The inclusion of diary items does not necessarily mean
that Reuters will cover the event)

- The World Bank releases the findings of its report on the
cost of doing business in 183 different economies, 1000 (0300).

- The central bank, Bank Indonesia, plans to hold its
weekly debt auction, results expected around 1530 (0830).

- The second-largest mobile phone operator, Indosat, to
hold a fast breaking, 1600 (0900).

PRESS DIGEST

- INDONESIA APPLIES TAX REVENUES TO DEVELOP SUGAR SECTOR

Indonesia's government will allocate some of its tax
revenues to finance three sugar factories in 2010. The funds
will be taken from either export or import duties applied to
agriculture commodities. (Kompas)

- INCO'S FURNACE EXPLODES, PRODUCTION CONTINUES

One out of four furnaces at PT International Nickel
Indonesia (INCO.JK) exploded on Monday, injuring a member of
staff. Company spokesman Tri Rachman Batara said the damage
would not affect targets. (Kompas, Kontan)

- RECONSTRUCTION OF JAVA'S QUAKE-HIT AREA TO START NEXT
YEAR

Indonesia will start reconstruction next year of public
facilities and houses which were damaged in a quake last week,
the national development minister Paskah Suzetta said. The
number of refugees has risen to over 210,290 people. (Koran
Tempo, Kompas)

- WIKA WINS NEW CONTRACTS WORTH 7.1 TRILLION RPH

Indonesian construction firm PT Wijaya Karya Tbk (WIKA.JK)
has won new contracts worth 7.1 trillion rupiah ($711.1
million), putting its total order book at 14.85 trillion
rupiah, said Finance Director Ganda Kusuma. (Investor Daily)

- BUSINESSES REJECT ELECTRICITY FEE INCREASE

Indonesian businesses have rejected the government's plan
to increase electricity fees by an average of 30 percent in
2010 as it will decrease competitiveness, said M.S. Hidayat,
the head of Indonesia's Chamber of Commerce. (Investor Daily)

- JAMSOSTEK TO INVEST IN BONDS THIS YEAR

Indonesia's largest pension fund, PT Jamsostek, plans to
invest up to 4 trillion rupiah in bonds issued by state and
private firms over the rest of the year in a bid to gain higher
returns, said investment director Elvyn G Masasya. (Jakarta
Post, Kontan)

- GOVERNMENT CONSIDERS HELP TO FIRMS IN TRADE DISPUTES

The trade ministry, together with private firms, is setting
up a team of legal advisors comprising local and foreign
lawyers to help local businesses fighting against dumping
accusations from competitors overseas, said M.S. Hidayat,
chairman of Indonesia's chamber or commerce. (Jakarta Post)

- EXTRA TROOPS SENT TO PAPUA TO SECURE FREEPORT

About 600 soldiers have been sent to Timika, Papua, to help
step up security around Freeport McMoran Copper & Gold Inc's
(FCX.N) mining site after a series of attacks, said Papua
police spokesman Agus Rianto. (Jakarta Globe)

- COAL EXPORTS TO INDIA SET TO RISE BY 23 PCT

Indonesia has said it will gradually increase its coal
exports to India by 23 percent to 16 million tonnes this year,
said Energy Minister Purnomo Yusgiantoro. (Jakarta Globe)

MARKET SNAPSHOTS

* Indonesia's index .JKSE rose 1.3 percent to its highest
level since Aug. 31, with gas distributor Perusahaan Gas Negara
(PGAS.JK) up 3.7 percent and state-owned miner Aneka Tambang
(ANTM.JK) up 9.8 percent.

* U.S. stocks advanced on Tuesday on an uptick in corporate
deal activity, while the weak dollar led to gains in
commodities, lifting shares of oil and mining companies.[.N]

* Oil prices rose 4.5 percent on Tuesday, their biggest
gain in nearly three weeks, as weakness in the U.S. dollar
fired up inflation fears and triggered a rush of buying across
commodities markets.[O/R]

* For global market news, click on [MKTS/GLOB]

* Malaysian crude palm oil futures rose 3.8 percent on
Tuesday, their biggest daily rise in percentage terms in five
weeks, ending a five-day losing streak as investors covered
their short positions, traders said. [POI/]

* In Indonesia, the state marketing centre based in Jakarta
sold 9,000 tonnes of palm oil at a top price of 6,983 rupiah
per kg, against 6,866 rupiah on Monday. [OILS/TEND]

* To see the top news on Indonesia's economy click on
[ID:nIDECONOMY]. For a take a look on the central bank click on
[ID:nIDCENBANK] and for bond market click on [ID:nIDBOND].
--------------------- MARKET SNAPSHOT @ 2318 GMT -------------

INSTRUMENT LAST PCT CHG NET CHG

S&P 500 .SPX 1,025.39 0.88% 8.990

USD/JPY JPY= 92.28 -0.06% -0.060

10-YR US TSY YLDUS10YT=RR 3.481 -- 0.000

SPOT GOLD XAU= $1,001. 0.60% 6.000

US CRUDE CLc1 $71.34 0.34% 0.240

DOW JONES .DJI 9497.34 0.59% 56.07

ASIA ADRS .BKAS 122.31 1.16% 1.40
--------------------------------------------------------------
IN THE NEWS REUTERS INDONESIA (Click on [ID-RTRS]) >Indonesia
approves tougher law against polluters [ID:nJAK510495]
>Indonesia parliament approves new electricity
law[ID:nJAK490501] >FACTBOX-Indonesia's electricity sector

[ID:nJAK480406] >Indonesia, S.Korea's POSCO discuss steel
project [ID:nJAK122870]
ASIA MARKETS NEWS - For an outlook of Asian stock trading,
click on [STXNEWS/AS] - The Philippine peso firmed on Tuesday
due to remittance inflows and firmer stocks, while the
Singapore dollar inched up towards nine-month high hit the
previous day amid fears of official intervention. [EMRG/FRX] -
Major Southeast Asian stock markets extended gains for a fourth
day on Tuesday as rising commodity prices drove up palm
planters and merger hopes sparked more buying of shares in Thai
energy group PTT. [.SO]
($1 = 9,985 rupiah)
(Reporting by Jakarta Newsroom)