PRESS DIGEST-Indonesian Newspapers - May 18
Following are some leading stories in the main Indonesian newspapers on May 18.
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JAKARTA POST
- STOCK EXCHANGE RAISE IPO REQUIREMENTS FOR MINING FIRMS
Indonesia Stock Exchange has submitted tougher requirements to market watchdog Bapepam for mining firms that aim to go public, including proof that they have and at least one mining site and permits to mine.
- EXXON AND KODECO TAX DEBTS STILL IN DISPUTE
The Indonesian unit of ExxonMobil (XOM.N) and Kodeco Energy are still in dispute with the Indonesian government over alleged tax debts of $62.88 million, energy watchdog BPMigas said.
- CUSTOMS AND EXCISE RAIDS ILLEGAL DUTY STAMP PRINTING FACTORY
The finance ministry's customs and excise office raided an illegal duty stamp printing factory in West Jakarta, which was estimated to have cost the state 560 billion rupiah ($53.92 million) in lost revenue.
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INVESTOR DAILY
- WIJAYA KARYA EYES 1 TRLN RPH NEW PROJECTS IN Q2
State-owned construction firm, PT Wijaya Karya Tbk (WIKA.JK), aims to win contracts for new projects worth 1 trillion rupiah in the second half of the year, corporate secretary Natal Argawan said.
- EXPORT OF INDONESIA'S TEXTILE PRODUCTS FALL 14 PCT IN Q1
Indonesia's textile association said actual exports of textile products in the first quarter fell 13.92 percent to $2.22 billion from a year ago, but saw a rebound in the second quarter on improving demand from Asia and the Middle East, chairman Benny Soetrisno said. - - - - ($1 = 10,385 rupiah)
