PRESS DIGEST-Indonesian Business News - Feb 12

Following are the leading business stories in the main Indonesian newspapers on Feb. 12.

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JAKARTA POST

- GOVT MAY MAKE DANAREKSA PARENT COMPANY FOR STATE BANKS

Indonesia's state enterprises minister, Sofyan Djalil, said that state-owned investment management firm PT Danareksa may be used as a holding company for the government's bank stakes.

- SAMUDERA TO PAY $97.6 MLN FOR 2 SHIPS

Indonesian shipping company PT Samudera Indonesia (SMDR.JK) Tbk said it has reached an agreement to buy two bulk carriers with a total value of $97.6 million from South Korea's STX Shipbuilding Co Ltd (067250.KS).

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BISNIS INDONESIA

Indonesia's state enterprises minister, Sofyan Djalil, said the government plans to set up a private equity fund to finance a number of projects by the state firms, and has appointed PT Bahana TCW Investment Management and PT Danareksa Investment Management as the fund managers.

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INVESTOR DAILY

- INDONESIA'S JANUARY MOTORCYCLE SALES UP 36.4 PCT

Motorcycle sales in Southeast Asia's largest economy jumped 36.4 percent in January from a year ago to 346,669 units, industry data showed, helped by lower interest rates.

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