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PRESS DIGEST-Indonesian Newspapers - July 17

Fri Jul 17, 2009 12:49am EDT

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Following are some leading stories in the main Indonesian newspapers on July 17.

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

- SALES IN KRAKATAU STEEL DROP ON SLOWER DEMAND

Indonesia's biggest steel maker, PT Krakatau Steel, posted a 55 percent decline in sales for the first half as demand slumped in the global economic downturn, said marketing director Irvan Kamal Hakim.

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INVESTOR DAILY

- PERTAMINA TO ISSUE $300 MLN BOND

State-owned oil firm PT Pertamina plans to issue $300 million of global bonds in the third quarter, with proceeds to be used to finance capital expenditure, said the deputy president director Omar S Anwar.

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BISNIS INDONESIA

- BRI LIKELY TO ISSUE SUBORDINATED BOND, RAISE 2 TRLN RPH

Indonesia's second-largest lender by assets, PT Bank Rakyat Indonesia Tbk (BBRI.JK), is considering issuing a subordinated bond to raise 2 trillion rupiah ($198 million) this year, said director Abdul Salam.

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KONTAN

- INDONESIA'S BAKRIELAND EYES SUKUK ISSUANCE IN Q4

Indonesia's property firm PT Bakrieland Development Tbk (ELTY.JK) plans to issue sukuk worth 500 billion rupiah ($50 million) in the fourth quarter of this year to help finance a toll road project, said president director Hiramsyah Thaib.

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