PRESS DIGEST-Indonesian Newspapers - April 15

Following are some leading stories in the main Indonesian newspapers on April 15.

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KONTAN

- INDONESIA TO EXTEND FISCAL STIMULUS PACKAGE TO 2010

Indonesia plans to extendits fiscal stimulus package, such as tax cuts and social safety programmes, next year to help revive the economy, President Susilo Bambang Yudhoyono said.

- INDONESIA TO RAISE LOCAL CONTENT QUOTA TO 25 PCT

Indonesia plans to raise the local content requirement, particularly on food products, in modern retail shops to 25 percent from 10 percent currently in a bid to help small industries, said Fauzi Aziz, a top official in the industry ministry.

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JAKARTA POST

- GOLKAR MEETING NEXT WEEK SAID TO BE CRUCIAL

The Golkar party is expected to take a decision next week at a meeting of top officials on whether to maintain its pairing with President Susilo Bambang Yudhoyono instead of joining the opposition or putting up one of its three top officials -- Vice President Jusuf Kalla, Sri Sultan Hamengkubowono X and former chairman Akbar Tandjung -- for a presidential bid, Golkar official Syamsul Muarif said.

- CUSTOMS TO EASE EXPORTERS' BURDEN

The directorate general of customs and excise will extend to two years from one year the time companies that import raw materials and capital goods have to make them into processed goods and re-export them to help business cope with a global economic slowdown, spokesman Evy Suharyanto said.

- INDONESIA'S PRUDENTIAL NET PROFIT DROPS BY 80 PCT

Indonesia's insurance PT Prudential Life Assurance posted an 80 percent drop in its 2008 net profit to 120 billion rupiah ($11 million) from 642 billion rupiah in 2007 due to tax liabilities, finance director William Kuan said.