Indonesia Market factors to watch - Nov 12

JAKARTA, Nov 12 (Reuters) - Following is a list of events
in Indonesia as well as news stories and press reports which
may influence financial markets.

(Reuters welcomes your feedback, and for any queries please
contact Sara Webb in Jakarta editorial on +6221 384 6364 or via
email at sara.webb@thomsonreuters.com or on Reuters messaging
sara.webb.reuters.com@reuters.net)

WHAT IS HAPPENING IN INDONESIA, ALL TIMES LOCAL FOLLOWED BY
GMT

(The inclusion of diary items does not necessarily mean
that Reuters will cover the event)

- Second Annual Indonesia Telecoms International Summit,
Hotel Mulia Senayan, 0900 (0200)

- Jambi Expo & Business Meeting 2009, Ballroom Timor Hall,
Borobudur Hotel

PRESS DIGEST

- BUMI AIMS TO CONTROL 100 PCT OF HERALD BY END 2009

Coal miner PT Bumi Resources (BUMI.JK) aims to increase its
ownership of Australian-listed miner Herald Resources (HER.AX)
to 100 percent from 98.39 percent currently within six weeks,
said investor relations manager Dileep Srivastava. (Investor
Daily)

- GLOBAL MEDIACOM SELLS ENTIRE 19 PERCENT STAKE IN MOBILE-8

PT Global Mediacom Tbk (BMTR.JK), one of Indonesia's
biggest television-to-print media groups, has sold its entire
19 percent stake in mobile phone operator PT Mobile-8 Telecom
Tbk (FREN.JK) for about 211.5 billion rupiah ($22.5 million),
director Handhi S. Kentjono said. (Kontan, Bisnis Indonesia,
Investor Daily)

- JAPANESE CONSORTIUM TO BUY 55 PCT OF LATINUSA FOR $60 MLN

A consortium of Japanese companies, including Nippon Steel
Corp. (5401.T), Nippon Steel Trading (9810.T), Mitsui & Co.
(8031.T) and Metal One, plans to buy 55 percent of tin plate
producer PT Pelat Timah Nusantara (Latinusa), a unit of state
steel maker PT Krakatau Steel, for $60 million, Latinusa's
corporate secretary Haryono said. (Kontan, Jakarta Post)

MARKET SNAPSHOTS

* Indonesia's index rose 0.92 percent on Wednesday. Coal
miner Bumi Resources (BUMI.JK) jumped 13 percent while coal
miner Indo Tambangraya Megah (ITMG.JK) soared 7 percent after
its upbeat nine-month net profit. [.SO]

* The Dow and the Standard & Poor's 500 index closed at
13-month highs on Wednesday as an upbeat forecast from a top
homebuilder and data from China pointed to a strengthening
global economy. [.N]

* Oil prices rose slightly on Wednesday as the market
weighed a rebound in the dollar against data showing strong
demand growth from No. 2 consumer China. [O/R]

* For global market news, click on [MKTS/GLOB]

* Malaysian crude palm oil futures dropped 0.4 percent on
Wednesday, extending recent losses, on high stock levels.
[POI/] * In Indonesia, the state marketing centre, based in
Jakarta, sold 12,000 tonnes of palm oil at a top price of 6,573
rupiah per kg on Wednesday, against 6,549 rupiah per kg on
Tuesday. [OILS/TEND]

* To see the top news on Indonesia's economy click on
[ID:nIDECONOMY]. For a take a look on the central bank click on
[ID:nIDCENBANK] and for the bond market click on [ID:nIDBOND].
---------------------MARKET SNAPSHOT @ 2328 GMT -------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1098.51 0.5% 5.500
USD/JPY JPY= 89.92 0.09% 0.080
10-YR US TSY YLD US10YT=RR 3.4781 -- 0.000
SPOT GOLD XAU= 1115.8 -0.15% -1.650
US RUDE CLc1 79.24 -0.05% -0.040
DOW JONES .DJI 10291.26 0.43% 44.29
ASIA ADRS .BKAS 125.89 0.95% 1.19
-------------------------------------------------------------
FOR KEY GLOBAL ECONOMIC NEWS, SEE [TOP/MACRO]
FOR TOP NEWS ON ASIAN COMPANIES [TOP/EQA]
FOR ECONOMIC FX RELATED NEWS, HIT [FXNEWS]
FOR WHAT INVESTORS ARE SAYING ABOUT DEALS [DEALTALK/]
STOCKS - BUY OR SELL? [BUYSELL/] IN THE NEWS, REUTERS
INDONESIA (Click on [ID-RTRS]) Indonesia Antam drops plan to
buy Newmont unit [ID:nJAK486310] Indonesia won't offer higher
sukuk yields-min [ID:nJKB003260] Indonesia estimates Oct tin
exports up 59 pct [ID:nJAK515139] Indonesia holds max rph,
dlr deposit rate [ID:nJAK427162] Details of SBI, sharia
debt auction on Wednesday[ID:nJAK474080] Indonesia to ship
18,000 T cocoa beans to U.S. [ID:nJKF002251] Indonesia
infrastructure plays offer upside [ID:nJAK396961] Indonesia
Nov oil product imports down slightly [ID:nSP254240] ASIA
MARKETS NEWS - For an outlook of Asian stock trading, click on
[STXNEWS/AS] - The Korean won gained more than half a percent
on Wednesday but others in Asia were sluggish after a mixed
batch of Chinese economic data boosted the Japanese yen against
high-yielders and weighed on the U.S. dollar .DXY. [EMRG/FRX]
- Most Southeast Asian stock markets rose on Wednesday, with
Singapore hitting a 14-month high and beaten-down blue chips
recouping recent losses -- from Indonesia's Bumi Resources to
Thailand's Banpu. [.SO]
($1=9,385 Rupiah)
(Reporting by Jakarta Newsroom)