UPDATE 1-Indonesia-Market Factors to watch - May 4

(Adds press digest)

JAKARTA, May 4 (Reuters) - Following is a list of events in
Indonesia as well as news stories and press reports which may
influence financial markets.

PRESS DIGEST

- RACHMAT GOBEL BUYS 19.34 MLN SHARES IN CHURCHILL MINING

Indonesian entrepreneur Rachmat Gobel confirmed he has
bought 19.34 million shares or around 16.5 percent of UK-based
company Churchill Mining Plc worth 7.7 million pounds.
Churchill Mining owns a coal mine in East Kalimantan. (Bisnis
Indonesia p.1 & Investor Daily p.1)

- ASTRA SEDAYA GETS $340 MLN LOAN

Automotive financing company Astra Sedaya Finance, a unit of
Astra International , got a loan totaling $340 million
from a consortium of 13 foreign and domestic banks including
Bank Mandiri , aiming to boost auto financing, said CEO
Djony Bunarto Tjondro. (Bisnis Indonesia p.5 & Investor Daily
p.22)

- PAKUWON JATI TO SPEND 1 TRLN RPH FOR SHOPPING MALL

Property developer Pakuwon Jati will spend 1
trillion rupiah ($117 million) to develop a shopping mall in
Jakarta that will be built on a 110,000-square meters of land,
said Ivy Wong, the company's director for business development,
adding that it expects to open the mall in May 2012. (Bisnis
Indonesia p.7)

- INDONESIA'S Q1 COAL PRODUCTION DOWN TO 89 MLN TONNES

Coal production in the first quarter declined to 89 million
tonnes compared to 90 million tonnes a year ago due to higher
rainfall, said Bob Kamandanu, the chairman of the Indonesian
Coal Mining Association. (Bisnis Indonesia p.i2, Kontan p.13 &
Investor Daily p.9)

- JP MORGAN TO DISBURSE LOANS FOR ECONOMIC DEVELOPMENT

JP Morgan Chase is ready to disburse loans for
projects included in a government plan for accelerating
Indonesia's economic development in the next 15 years, said
coordinating minister for economic affairs, Hatta Rajasa. The
chairman of Indonesia's Investment Coordinating Board, Gita
Wirjawan, added that it required a total investment of 3,350
trillion rupiah to develop infrastructure and economic activity.
(Kontan p.2 & Investor Daily p.20)

- WIKA EYES STEAM POWER PLANT PROJECT WORTH $1 BLN

State construction firm Wijaya Karya (Wika) is
eyeing a 2x300 megawatt steam power plant worth $1 billion in
South Sumatra, said corporate secretary Natal Argawan, adding it
has invited Pamapersada Nusantara, a unit of United Tractors
, as a partner to work on the project. (Kontan p.5)

- CHINA TRIUMPH TO BUILD CEMENT FACTORY WORTH $350 MLN

Chinese cement maker China Triumph International Engineering
Co. Ltd (CTIEC) plans to build a cement factory with annual
capacity of 2 million tonnes in Grobogan, Central Java with
total investment of $350 million, said industry minister M.S.
Hidayat, adding the firm will invite local cement company Semen
Grobogan Semarang as a partner. (Kontan p.14)

- GOVT OFFERS TRANSPORT PROJECTS WORTH $35 BLN TO PRIVATE

The government is offering projects in the transport sector
worth $35 billion until 2025 in six economic regions to private
investors, said transportation minister Freddy Numberi.
(Investor Daily p.6)

- FOOD AND BEVERAGE SECTOR TO GROW BY 5 PCT IN Q2

The food and beverage sector is expected to grow by 5
percent year-on-year in the second quarter, up from 3 percent
growth in the first quarter, said industry minister MS Hidayat,
adding the increase in agricultural commodity prices and
imported products had contributed to the slow growth early this
year. (Investor Daily p.7)

MARKET SNAPSHOT

* Asian shares fell and the U.S. dollar rose on Wednesday,
with falling commodity prices spooking investors and causing a
broader pullback in risk taking.

* Indonesia's market fell 0.92 percent on Tuesday
with Bumi Resources leading market turnover, up 0.72
percent, and Energi Mega Persada seeing the top
volume, down 0.6 percent.

For prices see <0#.JKSE>, for news see .

* U.S. stocks fell on Tuesday as investors questioned the
sustainability of the rally in light of fresh worries about
earnings growth in the coming quarters.

* Oil prices dropped more than 2 percent on Tuesday as an
interest rate increase by India added to concerns about demand
and gains in the dollar helped spark a technical sell-off.

* Malaysian palm oil futures ended almost flat on Tuesday
after a long weekend holiday as gains from a rebound in exports
last month were erased by prospects of higher output.

----------------------MARKET SNAPSHOT @ 0024 GMT ------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 1356.62 -0.34% -4.600
USD/JPY 81 0.06% 0.050
10-YR US TSY YLD 3.2529 -- 0.002
SPOT GOLD 1535.19 -0.34% -5.190
US CRUDE CLc1 110.88 -0.15% -0.170
DOW JONES 12807.51 0.00% 0.15
ASIA ADRS 141.44 -1.04% -1.49
-------------------------------------------------------------

LATEST STORIES ON:

* Indonesia stocks........

* Southeast Asian stocks..

* Asian stocks preview....

* Asian currencies........

* U.S. stocks.............

* Oil prices..............

* Global markets..........

* Malaysian crude palm oil

* Indonesian palm oil.....

* Global economy..........

* Key Asian companies.....

* Key currencies..........

* Major deals of interest.

* Stocks to buy or sell...

IN THE NEWS, REUTERS INDONESIA (Click on
Salim Ivomas aims for $700 mln in June IPO [ID:nL3E7G31R8]
Indonesia to offer swap for short-term debt May 4[ID:nJKB004504]
Indonesia raises 7.5 trln rph from debt auction [ID:nJKB004503]
Indonesia says no sukuk auction on May 10 [ID:nJKB004502]
Indonesia to set-up green palm body in May - govt[ID:nL3E7G20ZZ]
($1 = 8,542.5 Rupiah)

(Reporting by Rin Hindryati and Telly Nathalia; Editing by Neil
Chatterjee)