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PRESS DIGEST-Indonesian Business News - June 2

Sun Jun 1, 2008 10:09pm EDT

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Following are the leading business stories in the main Indonesian newspapers on June 2.

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BISNIS INDONESIA

- RUSSIA'S URALTRAC TO INVEST $500 MILLION IN INDONESIA

Russian tractor plant firm ChTZ Uraltrac said it will invest $500 million to build a manufacturing plant in Indonesia's East Kalimantan province.

- BRITISH EMBASSY HOPES RIO TINTO INVESTMENT TO GO THROUGH

The British embassy hopes the investment plans of coal miner Rio Tinto (RIO.L)(RIO.AX) in Indonesia's Central and Southeast Sulawesi province in the second half of this year will proceed as planned.

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INVESTOR DAILY

- UNITED TRACTORS TO ACQUIRE COAL MINER WORTH $200 MLN

Indonesian heavy equipment maker and coal mine contractor PT United Tractors Tbk (UNTR.JK) said it is preparing $200 million to acquire a coal mining firm in Kalimantan this year.

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