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PRESS DIGEST-Indonesian Business News - June 20

Thu Jun 19, 2008 10:01pm EDT

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Following are the leading business stories in the main Indonesian newspapers on June 20.

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

- PRESIDENT URGES SERVICE IMPROVEMENTS IN INDUSTRIAL ZONES

Indonesian President Susilo Bambang Yudhoyono urged stakeholders of industrial zones to improve their services in a bid to improve the country's industrial sector.

- BARITO TO SELL $200 MILLION BONDS TO FINANCE ACQUISITION

Indonesian timber firm PT Barito Pacific (BRPT.JK) has received shareholder approval to sell $200 million worth of bonds, with most of the proceeds to be used to acquire a majority stake in PT Tri Polyta Indonesia, a major polypropylene producer.

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BISNIS INDONESIA

- INDONESIAN STATE FIRMS TO GO ON ROADSHOW FOR IPO

Five state-owned enterprises are set to go on a roadshow to Singapore and Hong Kong in July to measure investors' interest as the firms prepare to launch intial public offerings this year, the state-owned enterprises minister said.

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