PRESS DIGEST-Indonesian newspapers - July 17
Following are some leading stories in the main Indonesian newspapers on July 17.
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KOMPAS
- GOVERNMENT SEEKS EXTRA 2 TRLN RPH TO CUSHION OIL PRICES The government is seeking approval from parliament for an additional 2 trillion rupiah ($218.9 million) of funds to be used as reserves in dealing with higher crude oil price, Finance Minister Sri Mulyani Indrawati said.
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JAKARTA POST
- COOPERATION SOUGHT IN NUCLEAR PLANS
Indonesia might consider offering incentives for regions that allow part of their area to be used as a site for nuclear power plans, Evita Legowo, an adviser at the energy ministry, said.
- TWO MORE ON DEATH ROW TO BE EXECUTED
The government is set to execute a woman and her son convicted of killing five members of a military family in 1998.
- ABOUT 40 PERCENT OF DRUGS IN INDONESIA MAY BE FAKE
The International Pharmaceutical Manufacturers Group said around 40 percent of medicine in Indonesia may be counterfeit.
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BISNIS INDONESIA
- JAKARTA PORT PLANS TO EXPAND CAR SHIPPING TERMINAL
Jakarta's seaport operator, PT Pelabuhan Indonesia II, plans to expand its car shipping terminal to 25 hectares (61.78 acres) to boost the annual capacity to 680,000 cars from 200,000 cars.
- TELKOMSEL AND EXCELCOM APPEAL ANTITRUST RULING ON CARTEL
Indonesia's largest- and third-largest mobile phone operators, PT Telekomunikasi Selular and PT Excelcomindo Pratama Tbk (EXCL.JK), have appealed a ruling by the antitrust agency, KPPU, alleging they were involved in a cartel in the industry.
- KRATAKAU STEEL INCREASES IPO TARGET TO 5 TRLN RPH
Indonesia's state-owned steel-maker, PT Krakatau Steel, is aiming to raise 5 trillion rupiah from its planned initial public offering, up from its previous target of 4 trillion rupiah, its president director Fazwar Bujang said.
- JAYA KONSTRUKSI SEEKS 1 TRLN RPH FOR EXPANSION
Indonesian construction company, PT Jaya Konstruksi Tbk (JKON.JK), is seeking to raise 1 trillion rupiah to diversify its businesses and tap into the development of toll roads in Jakarta, vice president director Umar Ganda said.
- STATE PLANTATION FIRM PTPN VII SEEKS 1.5 TRLN RPH FROM IPO
Indonesia's state-owned plantation company, PTPN VII, is seeking to raise between 1.2-1.5 trillion rupiah from the initial public offering of its shares to expand its business.
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