PRESS DIGEST-Indonesian Newspapers - May 22

Following are some leading stories in the main Indonesian newspapers on May 22.

Reuters has not verified these stories and does not vouch for their accuracy. Telephone: Editorial: +62-21-384-6364. Fax: +62-21-344-8404 or Help Desk: +803-061-2124 (toll free).

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JAKARTA POST

- HERCULES PLANE "OLD AND OBSOLETE" -EXPERT

The crash this week of a C-130 Hercules military plane may have been because its components were old and obsolete due to a limited budget for military aircraft maintenance, said Bantarto Bandoro, a defence expert from the University of Indonesia.

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INVESTOR DAILY

- TIN MINER TIMAH TO PAY 671 BLN RPH DIVIDEND NEXT MONTH

Indonesia's state tin miner, PT Timah Tbk (TINS.JK), plans to pay a dividend of 671 billion rupiah, or 50 percent of its 2008 net profit, next month, president director Wachid Usman said.

- UNITED TRACTORS WINS $375 MLN CONTRACTS FOR EQUIPMENT

Indonesia's PT United Tractors (UNTR.JK) has won heavy equipment contracts worth $375 million from mining contractors, 30 percent of its target this year, investor relations Ari Setiyawan said.

- INDONESIA TO RAISE OUTPUT IN THREE BLOCKS TO MEET BUDGET REQUIREMENT-MINISTE

Indonesia plans to boost oil production in three blocks, including the Cepu Block in central Java, Tangguh in Papua and Kangean Block in East Java to meet its 960,000 barrels per day (bpd) budget requirement, Energy Minister Purnomo Yusgiantoro said after current output was 956,000 bpd as of April.

- ELECTRONIC EQUIPMENT SALES UP 9 PCT IN APRIL-ASSOCIATION

Indonesia's domestic electronic equipment sales rose 9 percent to 1.6 trillion rupiah in April from a year ago, Agus Soejanto, the secretary general of the electronic marketing association, said.