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PRESS DIGEST-Indonesian newspapers - July 24

Wed Jul 23, 2008 8:58pm EDT

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Following are some leading stories in the main Indonesian newspapers on July 24.

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

- CHAROEN POKPHAND INDONESIA H1 NET PROFIT DOUBLES

Indonesian animal feed and processed chicken manufacturer PT Charoen Pokphand Indonesia Tbk (CPIN.JK) said it recorded a first-half net profit of 209.6 billion rupiah ($22.94 million), more than double the same period last year, despite higher production costs.

- U.S. PRAISES INDONESIA-EAST TIMOR INVESTIGATION

U.S. Secretary of State Condoleezza Rice expressed her appreciation over the findings of a joint government investigation into human rights abuses in East Timor.

- KALLA QUIET ABOUT RENEWING ALLIANCE WITH YUDHOYONO IN 2009

Vice President Jusuf Kalla has opted to remain silent about the likelihood of pairing up with President Susilo Bambang Yudhoyono again in the 2009 election.

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BISNIS INDONESIA

- INDOSAT OFFERS TO BUY BACK $550 MILLION BONDS

Indonesia's second largest mobile phone operator, PT Indosat Tbk (ISAT.JK), is offering to buy back a total of $550 million worth of its bonds maturing in 2010 and 2012, its corporate secretary said.

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