PRESS DIGEST-Indonesian Business News - March 24

Following are the leading business stories in the main Indonesian newspapers on March 24.

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

- INTERNATIONAL PAPER TO INVEST $4 BLN IN PULP FACTORY

U.S.-based paper and pulp company, International Paper (IP.N: Quote, Profile, Research, Stock Buzz), plans to invest $4 billion in a pulp factory and forest in Indonesia, a senior official at the forestry ministry said.

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INVESTOR DAILY

- INDONESIA NO LONGER NEEDS TO IMPORT RICE