• Most Popular
  • Most Shared

PRESS DIGEST-Indonesian Business News - May 22

Wed May 21, 2008 9:52pm EDT

Stocks

   

Following are the leading business 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).

- - - -

JAKARTA POST

- BIG OIL FIRMS SHORT ON OUTPUT TARGETS

Most oil contractors in Indonesia failed to reach their daily production targets in the first four months of 2008, Indonesia's directorate-general of oil and gas said on Wednesday.

- - - -

BISNIS INDONESIA

- BANK MEGA MULLS $200 MLN BOND ISSUE

Indonesian lender PT Bank Mega Tbk (MEGA.JK) is considering raising $200 million from the sale of dollar-denominated bonds to fund expansion and for working capital.

- PARLIAMENTARIANS URGE IPO, NOT STRATEGIC SALE OF STEELMAKER

Several members of parliament urged the government to cancel the sale of a strategic stake in steelmaker PT Krakatau Steel and opt for an initial public offering instead.

- - - -



More from Reuters

Photo

Democrats reach deal on health bill

WASHINGTON (Reuters) - Senate Democratic healthcare negotiators said they agreed on Tuesday to replace a government-run insurance option with a scaled-back non-profit plan and would seek cost estimates on the deal.

» More Top News
A pedestrian walks in lower Manhattan in New York, April 16, 2007. REUTERS/Eric Thayer
Analysis:

The boomer meltdown

The number of U.S. workers in their prime savings years peaks in 2010, affecting a key ratio that has impacted equities for 40 years. If history repeats itself, stocks are set for a funk.  Full Article 

Economy
Felix Salmon

The banking revolution?

A couple of firms you've probably never heard of has a few ideas that could revolutionize the broken consumer banking system, says Felix Salmon.  Full Article 

Felix Salmon