Indonesia-Market Factors to watch - July 15

Thu Jul 14, 2011 10:24pm EDT

 JAKARTA, July 15 (Reuters) -     Following is a list of
events in Indonesia as well as news stories and press reports
which may influence financial markets.	
     	
 WHAT IS HAPPENING IN INDONESIA (TIMES IN LOCAL/GMT)	
 (The inclusion of diary items does not necessarily mean that
Reuters will cover the event)	
 - President Susilo Bambang Yudhoyono to hold a political and
security cabinet meeting, 1500/0800	
         	
 PRESS DIGEST	
 - DRINKING WATER PROJECTS NEED PRIVATE INVESTORS-GOCT	
 The government has asked the private sector to join in
drinking water supply projects, which require 48 trillion rupiah
($5.6 billion) of investment in the next four years, because the
government can only provide 11 trillion rupiah, said Rachmat
Karnadi, the head of a water supply agency. (Bisnis Indonesia
p.8 & Kontan p.20)	
 - EPHINDO, DEEP INDUSTRIES WIN CBM BLOCK	
 Ephindo Energy Private Ltd. and a consortium of Deep
Industries Limited and Monnet Ispat & Energy Ltd. won bidding
for the Melak Mendung coal-bed methane (CBM) blocks with an
investment commitment of $20 million, said Evita Legowo, the
director general for oil and gas at energy and mineral resources
ministry. (Bisnis Indonesia p.9, Kontan p.13 & Investor Daily
p.9)	
 - PERMATA TENE TO BUILD SUGAR FACTORY WORTH 1.5 TRLN RPH	
 Sugar company Permata Tene, a joint venture between Makassar
Tene and Permata Dunia Sukses Utama, plans to spend between
1.2-1.5 trillion rupiah to build a sugar factory with annual
capacity of 115,200 tonnes, said CEO Vincent Wenas, adding that
the construction will start in May next year. (Bisnis Indonesia
p.i2)	
 	
 MARKET SNAPSHOT	
 * Asian stocks will likely struggle on Friday, as Federal
Reserve Chairman Ben Bernanke hosed down suggestions of more
near-term stimulus for the struggling U.S. economy.
 	
 * Indonesia's stocks rose 0.42 percent on Thursday,
with the country's largest lender Bank Mandiri the top
turnover seeing 2.63 percent increase, and Darma Henwa 
the top trading down 1.75 percent.	
 For prices see <0#.JKSE>, for news see .	
 * U.S. stocks fell on Thursday as Fed Chairman Ben Bernanke
backed off hints additional near-term stimulus could be on the
way, removing a possible catalyst from a market already facing
plenty of obstacles. 	
 *  Oil prices fell for the first time in three days on
Thursday after Federal Reserve Chairman Ben Bernanke said the
central bank was not ready yet to take more monetary easing
measures, dashing hopes that energy demand would get a boost
from fresh economic stimulus. 	
 * Palm oil futures hit a near three-week high on Thursday on
the back of firmer grains complex and crude oil, despite 	
growing stocks in No.2 producer Malaysia. 	
 	
  -------------------Market Snapshot 01:40 GMT-------------	
                 INSTRUMENT     LAST      PCT     NET
                                          CHG     CHG
 S&P 500                    1,308.87  -0.67%  -8.850
 USD/JPY                    79.08     -0.06%  -0.050
 10-YR US TSY YLD      2.970     --      0.016
 SPOT GOLD                  $1,585.0  -0.11%  -1.690
                                6                 
 US CRUDE           CLc1         $95.99    0.31%   0.300
 DOW JONES                  12437.12  -0.44%  -54.49
 ASIA ADRS                 137.51    -0.80%  -1.11
  ----------------------------------------------------------	
	
 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 
 Timah sees lower exports,higher revenue         	
 Indonesia cbank sees Q4 GDP growth at 6.7 pct   	
 Indonesia aims 7 trln rph in July 19 auction    	
 China firms eye investing $3 bln in E. Java     	
 Bank Danamon plans rights issue this year       	
 Indonesia sees 6 pct growth in soybean demand   	
 Cbank sees strong FX helping with capital flows 	
 ($1 = 8532.5 Rupiah)	
	
 (Reporting by Olivia Rondonuwu and Rin Hindryati)	
 
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