PRESS DIGEST-Indonesian Newspapers - Nov 28

Following are some leading stories in the main Indonesian newspapers on Nov 28.

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JAKARTA POST

- CHAROEN CUTS INVESTMENT NEXT YEAR

Indonesia's largest processed chicken manufacturer, PT Charoen Pokphand Indonesia Tbk. (CPIN.JK), plans to cut their capital expenditure next year by two-thirds to 100 billion rupiah ($8.35 million) due to bleak prospects, newly appointed chief executive Thomas Effendy said.

- INDONESIA EXTENDS VISIT INDONESIA YEAR PROGRAM

Indonesia plans to extend its Visit Indonesia programme next year and is aiming for 7 million foreign visitors despite the global financial crisis, Culture and Tourism Minister Jero Wacik said.

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INVESTOR DAILY

- BAKRIE TELECOM TO INVEST $180 MILLION NEXT YEAR

Indonesian mobile phone operator PT Bakrie Telecom Tbk (BTEL.JK) plans to spend $180 million in 2009 as part of its three-year capital expenditure of $600 million, Executive Vice President Ridzki Kramadibrata said.

- INDONESIA NEEDS $97.2 BILLION TO IMPROVE POWER CAPACITY

Indonesia needs at least $97.2 billion to improve the capacity of its power generators within the next 10 years amid growing electricity demand, Energy Minister Purnomo Yusgiantoro said.

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BISNIS INDONESIA