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PRESS DIGEST-Indonesian Business News - May 23

Thu May 22, 2008 9:19pm EDT

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Following are the leading business stories in the main Indonesian newspapers on May 23.

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

- GOVT TO LIMIT TRANSPORT FARES HIKE TO 15 PCT

Indonesia's Minister of Transportation said the government may cap the increase in fares for buses and minivans at 15 percent, following plans to cut subsidies and increase the price of fuel by an average of 28.7 percent.

- SOEKARNO-HATTA AIRPORT READY FOR AIRBUS A-380 IN DECEMBER

Jakarta's Soekarno-Hatta International Airport will be ready to receive the Airbus A-380 when the airport operator opens a third terminal in December, an official said.

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BISNIS INDONESIA

- BAKRIE & BROTHERS UNIT AIMS $5 BLN PROJECTS

PT Bakrie Indo Infrastructure, a unit of Indonesia's PT Bakrie & Brothers Tbk (BNBR.JK), said it is eyeing some $5 billion worth of infrastructure projects including power plants and tollroads.

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