PRESS DIGEST-Indonesian Newspapers - May 26
Following are some leading stories in the main Indonesian newspapers on May 26.
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JAKARTA POST - CEPU EARLY OUTPUT OF 20,000 BPD TO START IN 2010
Output from Indonesia's Cepu block, one of the country's biggest oil finds, will only start producing an early production level of a maximum 20,000 barrels oil per day from 2010 to the third quarter of 2011, an official at energy watchdog BPMIGAS said. Earlier, the government had expected the block to begin producing 20,000 bpd from January to December this year.
- TEMASEK SEEKS A REVIEW ON MONOPOLY CASE
Singapore state investor Temasek [TEM.UL] has registered a case review with the Supreme Court over a lower court ruling that said it had breached Indonesia's anti-monopoly law through its cross-ownership in the country's two largest mobile phone firms PT Telkomsel, a unit of PT Telekomunikasi Indonesia Tbk (TLKM.JK), and PT Indosat (ISAT.JK).
- INVESTORS SOUGHT TO MANAGE INDONESIA'S LONGEST BRIDGE
Indonesia's government will open a tender for local and foreign investors to manage the country's longest bridge connecting East Java's capital Surabaya with nearby Madura island, after an initial 18 months following the bridge opening.
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INVESTOR DAILY
- STATE HOME LENDER RAISES LOAN GROWTH TARGET TO 25 PCT
Indonesia's state-owned home lender, PT Bank Tabungan Negara (BTN), has increased its lending expansion target to 25 percent for this year from 15 percent previously amid improving market conditions, said president director Iqbal Latanro.
- PERTAMINA TO BUY 2 PCT OF MEDCO SHARES IN DONGGI-SENORO LNG
State oil firm Pertamina plans to acquire an additional 2 percent stake in the Donggi-Senoro liquefied natural gas (LNG) plant in Sulawesi from PT Medco Energi Internasional (MEDC.JK), raising its stake to 31 percent, president director Karen Agustiawan said.
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BISNIS INDONESIA
- BANK PANIN TO ISSUE 500 BLN RUPIAH SUBORDINATED DEBT
Indonesian lender, PT Bank Pan Indonesia Tbk (Bank Panin) (PNBN.JK), said it plans to issue 500 billion rupiah ($48.69 million) of subordinated debt this year.
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JAKARTA GLOBE
- DEFENSE BUDGET NEEDS TO BE INCREASED
President Susilo Bambang Yudhoyono said his government would increase the defence budget next year if he is elected to meet minimum operational requirements of the military after the global crisis ends.
- RIAU POLICE ARRESTS PANGOLIN SMUGGLERS
Police in Riau have arrested three men who were trying to smuggle more than 50 pangolins to Jambi province before shipping the indigenous animals overseas.
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