UPDATE 1-Indonesia Market factors to watch - Feb 3

JAKARTA, Feb 3 (Reuters) - Following is a list of events in
Indonesia as well as news stories and press reports which may
influence financial markets.

(Reuters 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 (TIMES IN LOCAL/GMT)

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

- Parliament hearing with state tin miner PT Timah Tbk
(TINS.JK) and state coal miner PT Tambang Batubara Bukit Asam
(PTBA.JK), 1000 (0300)

- Honda media gathering, 1045-1300 (0345-0600)

- Press conference by Attorney General on the President's
100-day performance, 1100 (0400)

PRESS DIGEST

- HONDA RECALLS CITY CARS

Sole distributor of Honda vehicles in Indonesia PT Honda
Prospect Motor announced a recall of 3,240 units of its city
model due to potentially faulty power window switches, said
Jonfis Fandi, marketing and after sales diretor. (Jakarta Post)

- NEWMONT NUSA TENGGARA PAYS 3.9 TRLN RPH TAX IN 2009

PT Newmont Nusa Tenggara (NNT), a unit of Newmont Mining
Corp (NEM.N), paid 3.9 trillion rupiah in tax and royalties in
2009, lower than 4.215 trillion rupiah in 2008, due to lower
grade ore production, said Kasan Mulyono, public relations
manager. (Jakarta Post)

- BAKRIE TELECOM MAY INCREASE SIZE OF BOND ISSUE

Cellular firm PT Bakrie Telecom Tbk (BTEL.JK) may increase
the size of its planned bond issue to $300 million from an
initial target of $200 million if there is strong investor
demand, said deputy president director Danny Buldansjah.
(Bisnis Indonesia)

- FOREIGN INVESTORS EYE STAKE IN BROKERAGE TRIMEGAH

Three foreign investors have expressed an interest in
acquiring a stake in brokerage firm PT Trimegah Securities Tbk
(TRIM.JK), said company director Karman Pamurahardjo, but he
declined to give details. (Kontan)

- PT TIMAH ALLOCATES 800 BLN RPH FOR CAPEX IN 2010

Tin producer PT Timah (TINS.JK) has allocated 800 billion
rupiah ($85.5 million) for capital expenditure in 2010, said
corporate secretary Abrun Abubakar. (Kontan)

- KRESNA GRAHA TO UNDERWRITE 5 BOND ISSUANCES

Indonesia's brokerage firm Kresna Graha Sekurindo (KREN.JK)
has agreed to underwrite five bond issues this year, including
debt to be issued by BCA Finance and Federal International
Finance, said president director Michael Steven. (Kontan).

- CIC READY TO INVEST $2.5 BLN IN INDONESIA

China Investment Corporation (CIC), China's sovereign
wealth fund, is ready to invest $2.5 billion in Indonesia's
infrastructure and resources sectors, said Gita Wirjawan, the
head of the state investment agency (BKPM). (Investor Daily)

LATEST STORIES ON:

* Indonesian stocks .......... [.JKSE]

* Southeast Asian stocks ..... [.SO]

* Asian stocks preview ....... [STXNEWS/AS]

* Asian currencies ........... [ASIA-EMRG/FRX]

* U.S. stocks . [.N]

* Oil prices .. [O/R]

* Global markets ............. [MKTS/GLOB]

* Malaysian crude palm oil ... [POI/]

* Indonesian palm oil ........ [OILS/TEND]

* Indonesian economy ......... [ID:nIDECONOMY]

* Indonesian central bank .... [ID:nIDCENBANK]

* Indonesian bond market ..... [ID:nIDBOND]

* Global economy ............. [TOP/MACRO]

* Key Asian companies ........ [TOP/EQA]

* Key currencies ............. [FXNEWS]

* Major deals of interest .... [DEALTALK/]

* Stocks to buy or sell ...... [BUYSELL/]
----------------MARKET SNAPSHOT @ 2308 GMT ----------------

INSTRUMENT LAST PCT CHG NET CHG S&P
500 .SPX 1103.32 1.3 14.130 USD/JPY

JPY= 90.38 0.02 0.020 10-YR US TSY
YLD US10YT=RR 3.6386 -- 0.000 SPOT GOLD
XAU= 1115.15 0.11 1.200 US CRUDE
CLc1 76.98 -0.32 -0.250 DOW JONES
.DJI 10296.85 1.09 111.32 ASIA ADRS
.BKAS 126.41 1.11 1.39
----------------------------------------------------------- IN
THE NEWS, REUTERS INDONESIA (Click on [ID-RTRS]) Indonesia eyes
Pakistan deal on palm oil [ID:nJAK71962 ] Inflation outlook
tests c.bank credibility [ID:nSGE61103T] Newmont's Indonesian
operation back to normal[ID:nJAK477874] Bakrie Sumatra 4.9 trln
rights issue approved[ID:nJAK478367] Jakarta plans protest park
to ease traffic [ID:nJAK220010] Tourist arrivals up in 2009,
spending down [ID:nJAK467276]
($1 = 9,355 rupiah)
(Reporting by Telly Nathalia, Gde Anugrah Arka; Editing by
Sara Webb)