PRESS DIGEST-Indonesian Newspapers - June 12
Following are some leading stories in the main Indonesian newspapers on June 12.
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JAKARTA POST
- COURT RULES SOME ELECTION RESULTS WRONG
Indonesia's Constitutional Court has ruled that the General Election Commission (KPU) had made a mistake in its distribution of legislative seats, meaning that as many as 26 lawmakers could lose their seats.
- PERTAMINA AIMS TO CEASE IMPORTS BY 2017
State oil and gas firm Pertamina has set a target of seeking to stop importing subidised fuels by 2017, processing director Rukmi Hadihartini said.
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JAKARTA GLOBE
- CAR MANUFACTURERS REVISE UP SALES FORECAST
Officials from the Association of Indonesian Automotive Manufacturers said sales could still hit 450,000 units by the end of this year, up from their previous forecast of 375,000.
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BISNIS INDONESIA
- JAMSOSTEK TO DISBURSE LOAN OF 4 TRLN RPH
Indonesian state pension fund, PT Jamsostek, plans to disburse 4 trillion rupiah ($396.8 million) to finance housing loans for its member in the second half of this year, chief director Hotbonar Sinaga said.
- GOVERNMENT SHOULD ALLOCATE 20 TRLN RPH FOR MANUFACTURING
The government should allocate 20 trillion rupiah ($1.98 billion) of direct incentives for manufacturing starting in 2010 in order to boost economic growth and absorb more workers, said Fauzi Aziz, a top official in the industry ministry.
- ADHI KARYA EYES 8.85 TRLN RPH OF NEW PROJECTS IN '09
Indonesia's state-owned construction company, PT Adhi Karya Tbk (ADHI.JK), is targeting new projects with a total value of 8.85 trillion rupiah ($877.9 million) this year, said corporate secretary Kurnadi Gularso.
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KOMPAS
- NORTHSTAR-SARATOGA PREFERRED BIDDER FOR STAKE IN ELNUSA
Unlisted contracting firm PT Tridaya Esta has announced a consortium of private equity firms Northstar and Saratoga Capital as the preferred bidder for its 37.15 percent stake in energy explorer PT Elnusa Tbk (ELSA.JK).
- SUBSIDISED FUEL PRICES TO BE KEPT IN 2010
Indonesia's government and the parliament have agreed not to hike prices of subsidised fuel next year in a bid to sustain consumers' purchasing power and meet an economic expansion forecast of 5-6 percent.
- INDONESIAN BATIK NOMINATED IN UNESCO'S CULTURAL HERITAGE
Indonesian batik has been nominated to be listed in UNESCO's representative list of intangible cultural heritage, Tourism Minister Jero Wacik said.
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