PRESS DIGEST-Indonesian newspapers - Sept 26
Following are some leading stories in the main Indonesian newspapers on Sept. 26.
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JAKARTA POST
- WATCHDOG ON LOOKOUT FOR STOCK SHORT-SELLING
Indonesia's capital market watchdog, Bapepam, has formed a special team to monitor instances of short-selling given the volatile state of the market, its chairman Fuad Rahmany said.
- PGN SEEKS LOAN FOR $560 MILLION
Indonesia's state-owned gas distribution company, PT Perusahaan Gas Negara Tbk (PGN)(PGAS.JK), plans to borrow $560 million to pay for the construction of a liquefied natural gas plan in Cilegon, Banten Province.
- AUSTRALIANS DETAINED OVER ILLEGAL FLIGHT TO PAPUA
Five Australians who were detained in Merauke, Papua, after flying there without the necessary visas and permits, have been declared suspects for violating Indonesian aviation and immigration laws, according to a lawyer.
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BISNIS INDONESIA
- PERTAMINA DELAYS PLAN TO RAISE $1 BILLION
Indonesia's state-owned oil and gas company, PT Pertamina, said it has postponed plans to raise $1 billion to develop an oil and gas block in Java due to unfavourable market conditions.
- BUKIT ASAM IN TALKS OVER $2.4 BLN LOANS
Indonesia's state-owned coal miner, PT Tambang Batubara Bukit Asam (PTBA.JK), is in talks with China Development Bank over a $2.1-2.4 billion loan to help finance the construction of four 600-megawatt power plants, a senior Bukit Asam executive said.
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