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PRESS DIGEST-Indonesian Business News - April 22

Mon Apr 21, 2008 9:25pm EDT

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Following are the leading business stories in the main Indonesian newspapers on April 22.

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

- GOVT LIKELY TO GO AHEAD WITH JAVA-SUMATRA UNDERSEA CABLE

Indonesia is likely to go ahead with a $2 billion project to build an undersea power cable between Java and Sumatra, a senior mines and energy ministry official said.

- BANKS STILL AVOID TEXTILE, PROPERTY SECTORS - C.BANK

Indonesian banks are still reluctant to lend to the property and textile sectors, according to a survey by the central bank.

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INVESTOR DAILY

- BNI PLANS TO RAISE $300 MLN BY ISSUING SUKUK

Indonesia's fourth-largest lender, PT Bank Negara Indonesia Tbk (BBNI.JK), said it plans to raise $300 million by issuing sharia-compliant bonds to improve its dollar liquidity if it cannot raise enough money through loans from other banks.

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