PRESS DIGEST-Indonesian Business News - May 15
Following are the leading business stories in the main Indonesian newspapers on May 15.
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JAKARTA POST
- INDOCEMENT TO REDUCE EXPORTS ON INCREASING DOMESTIC DEMAND
Indonesia's second-largest cement maker, PT Indocement Tunggal Prakarsa Tbk (INTP.JK), said it will scale down cement exports further and redirect supply to the domestic market.
- PERTAMINA INCREASES NON-SUBSIDISED FUEL PRICE
Indonesia's state oil and gas company, PT Pertamina, said it will raise the price for industrial fuels by up to 4.3 percent starting Thursday in response to increasing international oil prices.
- BAKRIE SUMATERA TO EXPAND OIL PALM PLANTATIONS
Indonesian plantation company, PT Bakrie Sumatera Planations (UNSP.JK), plans to add 50,000 hectares (123,600 acres) of oil palm plantations by 2010 with an investment of $260 million, president director Ambono Janurianto said.
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BISNIS INDONESIA
- NATIONAL SINGLE WINDOW TO BE IMPLEMENTED ON DECEMBER
The National Single Window, a system aimed at integrating services for importers, will come into effect in December at four sea ports including Jakarta's Tanjung Priok and Medan's Belawan, also at Jakarta's Soekarno-Hatta International Airport, said the head of the system's technical team.
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