PRESS DIGEST-Indonesian Newspapers - May 6
Following are some leading stories in the main Indonesian newspapers on May 6.
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JAKARTA POST
- HOUSE SEEKS NEW ANTI-GRAFT CHIEF
The House of Representatives wants to replace Antasari Azhar, the chairman of Corruption Eradication Commission (KPK), immediately after he was detained as a suspect in a murder, as the absence of a chairman could hamper the KPK.
- KALLA SAYS OTHER GOLKAR MEMBERS CAN RUN IN JULY 8 ELECTION
Chairman of the Golkar party Jusuf Kalla said he would allow other members of the party to challenge him in the upcoming presidential election under the banner of rival parties, which could pave the way for President Susilo Bambang Yudhoyono to pick a running mate from Golkar.
- ONE HUNDRED HOSPITALS READY TO TREAT H1N1 FLU
Around 100 hospitals are now ready to handle any possible outbreak of the H1N1 flu in Indonesia, although so far no cases have been detected, said Wilfried M Purba, senior official at the Health Ministry.
- INDONESIA STOCK EXCHANGE TO ISSUE RULES ON DIVIDENDS
Indonesia Stock Exchange (IDX) plans to issue a regulation making it mandatory for profitable listed companies to pay dividends to their shareholders, said Eddy Sugito, IDX director for listing.
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JAKARTA GLOBE
- INDONESIA EYES MORE INVESTMENT ON OIL AND GAS
Indonesia expects to attract $16.6 billion of investment in the oil and gas sector this year, an increase of nearly 29 percent from $12.9 billion in 2008, as it seeks to boost production, said President Susilo Bambang Yudhoyono.
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INVESTOR DAILY
- CHEVRON UNIT EARMARKS $700 MLN FOR CAPEX
Oil and gas firm PT Chevron Pasific Indonesia (CPI), a subsidiary of oil contractor Chevron (CVX.N), has earmarked $700 million for capital expenditure this year for its oil and gas operations in Sumatra, said vice president director Yanto Sianipar.
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BISNIS INDONESIA
- BANK EKSPOR SEEKS $1 BILLION LOAN
Indonesian state-owned lender, PT Bank Ekspor Indonesia, wants to borrow $1 billion from Japan Bank for International Cooperation, the World Bank, and the Asian Development Bank, president director Arifin Indra said, in order to strengthen its capital as it will be transformed into an export-financing agency. - - - -
KONTAN
- MEDCO SEEKS $300 MLN LOAN FROM FOREIGN BANKS
Indonesian energy firm PT Medco Energi Internasional Tbk (MEDC.JK) plans to borrow $300 million from foreign banks and will pledge its oil and gas reserves in Area 47 block, Libya, as collateral, chief commissioner Hilmi Panigoro said.
- INDONESIAN TEXTILE INDUSTRY SEES 6 PCT EXPORT GROWTH
Indonesia's textile association expects exports to rise 6 percent to about $11.5 billion this year after the global economic crisis hit Chinese textile industries and prompted countries to shift orders to Indonesia, vice chairman Ade Sudradjat said.
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