PRESS DIGEST-Indonesian Newspapers - May 29
Following are some leading stories in the main Indonesian newspapers on May 29.
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JAKARTA POST
- CENTRAL BANK SAYS BANK LENDING SET TO INCREASE
Bank lending is expected to pick up, following cuts in the central bank's key interest rate and amid signs of an improving economy, senior deputy governor Miranda Goeltom said.
- INDIKA ENERGY TO SET ASIDE $300 MLN FOR MORE ACQUISITIONS
Indonesian coal miner PT Indika Energy Tbk (INDY.JK) is ready to spend up to $300 million on acquisitions once it has completed its purchase of engineering firm PT Petrosea Tbk (PTRO.JK), finance director Azis Arman said.
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INVESTOR DAILY
- COAL MINER BUKIT ASAM TO PAY 853.8 BLN RPH DIVIDEND
Indonesian state-owned coal miner PT Tambang Batubara Bukit Asam Tbk (PTBA.JK) plans to pay out 853.8 billion rupiah ($83 million) in dividends, equivalent to half of its 2008 net profit, president director Soekrisno said.
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KORAN TEMPO
- GOVERNMENT PLANS TO INCREASE ELECTRICITY SUBSIDY
The government has proposed a 43.25 trillion rupiah electricity subsidy for the 2010 state budget, an increase from the 42.46 trillion rupiah subsidy in 2009, because of expectations of higher electricity consumption, said Purwono, director general for electricity and energy.
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JAKARTA GLOBE
- INDONESIAN NAVY WAS SET TO FIRE ON MALAYSIAN WARSHIP
Indonesia's Navy was ready to start firing on a Malaysian warship which was 12 nautical miles inside Indonesian territorial waters and which had initially ignored demands from Indonesia to retreat, said Toni Syaiful, spokesman for the Navy's Eastern Fleet Command.
- SOUTH KOREA'S STX GROUP MAY JOIN BANTEN REFINERY PROJECT
South Korea's STX Corp (011810.KS) and Indonesia's state energy firm PT Pertamina have discussed the possibility of STX joining a $7.8 billion refinery project in Banten. The refinery is due to be built by a consortium consisting of Pertamina, Malaysia's Petrofield Refining Company, and National Iranian Oil Refining and Distribution Co.
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KONTAN
INDONESIA'S ENERGI EARMARKS $300 MLN FOR CAPEX IN 2009
- Energy explorer PT Energi Mega Persada (ENRG.JK) has earmarked $300 million for capital expenditure this year to boost its output, president director Imam P Agustino said.
JASA MARGA NEEDS 24 TRLN RPH TO BUILD 7 NEW TOLL ROADS
- Toll road operator PT Jasa Marga Tbk (JSMR.JK) is preparing to raise 24 trillion rupiah ($2.33 billion) to build seven new toll roads, and 70 percent of the funding will come from bank loans and bonds, president director Frans Sunito said.
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