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PRESS DIGEST-Indonesian Business News - June 18

Tue Jun 17, 2008 9:30pm EDT

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Following are the leading business stories in the main Indonesian newspapers on June 18.

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 EYES EASTERN INDONESIA

Indonesian agriculture firm PT Charoen Pokphand Indonesia Tbk (CPIN.JK) said it plans to invest 350 billion rupiah ($37.64 million) this year to expand its business in the eastern part of the country.

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BISNIS INDONESIA

- ASTRA AGRO PLANS TO BUILD NEW CPO PLANTS

Indonesia's largest listed plantation firm, PT Astra Agor Lestari Tbk (AALI.JK), plans to build two new CPO processing factories in Kalimantan this year.

- GOVT URGES C.BANK TO FORM SHARIA BANK REGULATIONS

Indonesia's central bank should formulate sharia bank regulations as soon as possible to stimulate the country's sharia banking sector after parliament passed the new sharia banking law, Religious Affairs Minister Maftuh Basyuni said.

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