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PRESS DIGEST-Indonesian Business News - April 7

Sun Apr 6, 2008 10:06pm EDT

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Following are the leading business stories in the main Indonesian newspapers on April 7.

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

- SAIPEM SPENDS 2.5 TRLN RPH ON FABRICATION YARD PROJECT

Italian oil services firm Saipem (SPMI.MI) has started to build a huge production yard in Karimun, Riau Islands, with a total investment of 2.5 trillion rupiah ($272 million).

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INVESTOR DAILY

- LMIR TRUST ACQUIRES MEDAN'S SUN PLAZA FOR 980 MLN RPH

Lippo-Mapletree Indonesia Retail (LMIR) Trust Management Ltd, manager of LMIR Trust (LMRT.SI), said that the trust has acquired Sun Plaza in Medan, North Sumatra for 980 billion rupiah.

- GOVERNMENT TO WITHDRAW ADAM AIR'S LICENCE

The government will withdraw licences on all routes for Indonesia's Adam Air, with effect from Tuesday, because the budget airline has not operated for 21 days.

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BISNIS INDONESIA

- SAUDI TELECOM TO INVEST $1 BLN IN INDONESIAN UNIT

Saudi Telecom Co. 7010.SE, the largest Arab telecom firm, said it will invest $1 billion this year in PT Natrindo Telepon Seluler, its Indonesian unit.

- TANJUNG PRIOK PORT READY TO WEATHER STRIKE

Jakarta's Tanjung Priok port administrator said that it has made plans so that the port can continue to operate as normal if port workers go on strike on Tuesday.

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