Indonesia-Market Factors to watch - July 15

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)