PRESS DIGEST-Indonesian newspapers - Aug 14
Following are some leading stories in the main Indonesian newspapers on Aug 14.
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JAKARTA POST
- ORICA SET TO DOMINATE LOCAL EXPLOSIVES MARKET
Australia's Orica Ltd (ORI.AX) is seeing a 10 percent annual rise in demand for ammonium nitrate, a key ingredient for explosives, as mining companies aggressively expand their activities, its chief executive officer Graeme Liebelt said.
- 2008 BUDGET DEFICIT SET TO FALL ON LOWER OIL PRICES
Indonesia's 2008 budget deficit is expected to drop to 1.8 percent of the gross domestic product, possibly allowing the government to reduce borrowing to plug the hole, senior finance ministry official Anggito Abimanyu said.
- ANTAM, KRAKATAU TO BUILD PLANT
State-owned miner PT Aneka Tambang Tbk (ANTM.JK) and steel-maker PT Krakatau Steel will build a $60 million iron ore and steel plant in South Kalimantan, the governor of the province said.
- HUNDREDS RALLY AGAINST CHURCH CONSTRUCTION NEAR JAKARTA
Hundreds of people protested against the construction of a church in Pamulang, a small town on the outskirts of Jakarta, claiming that there were already too many churches in the area.
- OFFICIALS ON ALERT FOR FOREST FIRES IN EAST JAVA, SUMATRA
Local authorities were on high alert for more forest fires in East Java's national park, while police in South Sumatra are investigating a forest fire on a local industrial timber estate.
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KOMPAS
- 'MODERATE RISK' INDONESIA TO SEE HIV BOOM - REPORT
A report by the Commission on AIDS in Asia warned that a reluctance to use condoms could turn Indonesia from a moderate-risk country to one with the highest HIV/AIDS rate in the region within years.
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BISNIS INDONESIA
- INDO TAMBANGRAYA EYES COAL MINE ACQUISITION
Indonesian coal miner, PT Indo Tambangraya Megah Tbk (ITMG.JK), wants to acquire a greenfield coal mine with coal reserves of between 45-47 million tonnes, which could cost the company between $4.5-7.5 billion, its finance director said.
- PTPN IV NEEDS 12.8 TRLN RPH TO DEVELOP BUSINESS
Indonesian state-owned plantation firm, PT Perkebunan Nusanara IV, needs 12.8 trillion rupiah ($1.40 billion) over the next five years to expand its plantation area, including a possible acquisition, its president director said.
- INCO SETS ASIDE $1.2 BLN FOR EXPANSION
Indonesian miner PT International Nickel Indonesia Tbk (INCO.JK) said it plans to invest up to $1.2 billion, building a nickel-processing plant with an annual capacity of 30,000 tonnes in Southeast Sulawesi.
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INVESTOR DAILY
- IFC CONSIDERS LENDING $150 MLN TO HOLCIM INDONESIA
International Finance Corporation, a unit of the World Bank, said it is considering lending $150 million to PT Holcim Indonesia Tbk (SMCB.JK) for the construction of a new cement plant, which requires $515 million of investment.
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