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PRESS DIGEST-Indonesian Business News - March 19

Tue Mar 18, 2008 9:06pm EDT

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Following are the leading business stories in the main Indonesian newspapers on March 19.

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

- MERCEDES-BENZ TO USE INDONESIA AS BUS PRODUCTION BASE

German car-maker Daimler AG (DAIGn.DE) said it was considering ramping up production of Mercedes-Benz buses in Indonesia over the next two years to serve markets in Southeast Asia and Middle East.

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BISNIS INDONESIA

- TIMAH TO FINALISE LOAN DEALS WORTH 4 TRLN RPH

Indonesia's state-owned tin miner, PT Timah Tbk (TINS.JK), said it was finalising four loan deals worth a total of 4 trillion rupiah ($435 million) from local banks, which will be used to acquire coal mines and as working capital.

- BLOSSOM TO INVEST 40 TRLN RPH IN BIOETHANOL

Indonesian plantation firm PT Blossom Green Agro said it plans to invest 40 trillion rupiah ($4.35 billion) over the next two to five years in order to have annual production of bioethanol of 3 million tonnes by 2013.

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INVESTOR DAILY

- CENTRAL BANK OPTIMISTIC OF 24.6 PCT LOAN GROWTH

Indonesia's central bank said it remains optimistic that bank lending will increase 24.6 percent this year.

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KOMPAS

- PRESIDENT TO NAME NEW CENTRAL BANK CANDIDATES

President Susilo Bambang Yudhoyono will put forward new candidates for the job of central bank governor to parliament after the house of representatives last week rejected his two candidates.

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