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PRESS DIGEST-Indonesian newspapers - July 3

Wed Jul 2, 2008 9:10pm EDT

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Following are some leading stories in the main Indonesian newspapers on July 3.

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

- MINISTRY OFFICIALS NAMED IN BRIBERY CASE

More members of parliament and a number of government officials may be involved in an alleged bribery case involving the procurement of patrol boats, a lawyer involved in the case said.

- BULOG SECURES FINANCING TO MEET 2008 RICE PROCUREMENT

Indonesia's state logistic agency, Bulog, signed a memorandum of understanding to secure 15 trillion rupiah ($1.63 billion) in funds to acquire land and for education programmes on rice production.

- GOVERNMENT, PARLIAMENT AGREE TO CUT DIVIDEND TAX

The government and house of representative have reached an agreement to cut tax on companies dividend payments, a senior parliamentarian said.

- SAUDI CONSORTIUM PLAN 600 BLN RPH RICE ESTATE INVESTMENT

A consortium of 15 investors from Saudi Arabia plan to take part in developing rice plantations in Papua by investing 600 billion rupiah, secretary general at the Agriculture Ministry, Hasanuddin Ibrahim, said.

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KOMPAS

- POLICE FIND 20 BOMBS, EXPLOSIVES

Indonesia's anti-terrorism police unit has found assembled bombs and other explosive materials as well as detaining a number of suspects during a raid on a house in Palembang in South Sumatra province.

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INVESTOR DAILY

- WIJAYA KARYA TO DELAY 200 BLN RUPIAH BOND ISSUE

Indonesian state-owned construction company, Wijaya Karya Tbk (WIKA.JK), has delayed plans to raise 200 billion rupiah in bonds due to unfavourable market conditions, company director Ganda Kusuma said.

- ENERGI MEGA PERSADA SEEKS $273 MLN LOANS

Indonesian energy company, PT Energi Mega Persada Tbk (ENRG.JK), is seeking to borrow $272.75 million from foreign lenders to repay debt maturing in August, vice president Herwin Hidayat said.

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