PRESS DIGEST-Indonesian newspapers - July 16
Following are some leading stories in the main Indonesian newspapers on July 16.
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JAKARTA POST
- PERTAMINA RAISES NON-SUBSIDISED FUEL PRICES
Indonesia's state oil and gas company, PT Pertamina, has raised the pump price of its non-subsidised fuel to bring it in line with the higher international oil prices.
- BLACKOUT AVOIDABLE IF LOAD DROPS - STATE POWER FIRM
Indonesia's state-owned electricity company, PT Perusahaan Listrik Negara, said it can avoid imposing blackouts in the capital Jakarta and surrounding areas if major customers such as malls, office buildings, factories and luxury houses are willing to cut power consumption.
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INVESTOR DAILY
- ADARO'S H1 SALES UP 10.6 PCT TO $725 MLN
Sales of Indonesia's Adaro Energy Tbk (ADRO.JK) in the first half jumped 10.6 percent from a year a go to $725 million
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BISNIS INDONESIA
- TELKOM CANCELS BOND PLAN, GETS $1.25 BLN LOANS
Indonesia's largest telecommunication firm, PT Telekomunikasi Indonesia Tbk (TLKM.JK), said it has scrapped a plan to issue bonds and will line up $1.25 billion of syndicated loans with three local banks, PT Bank Central Asia, PT Bank Rakyat Indonesia and PT Bank Negara Indonesia.
- GOVERNMENT SEES 2009 TAX REVENUE UP 21 PERCENT
Indonesia is expecting a 21 percent rise in its tax revenue for 2009 to 702 trillion rupiah ($76.84 billion), the country's director general of tax Darmin Nasution said.
- GOZCO PLANTATIONS SEEKS UP TO 1 TRLN RPH FUNDING
Indonesian plantation company, PT Gozco Plantations (GZCO.JK) Tbk, is seeking between 800 billion and 1 trillion rupiah worth of financing to fund the expansion of its plantation area by 10,000 hectares (24,710 acres), its president director Tjandra Gozali said.
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