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PRESS DIGEST-Indonesian newspapers - Aug 6

Tue Aug 5, 2008 10:14pm EDT

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Following are some leading stories in the main Indonesian newspapers on Aug 6.

Reuters has not verified these stories and does not vouch for their accuracy. Telephone: Editorial: +62-21-384-6364. Fax: +62-21-344-8404 or Help Desk: +803-061-2124 (toll free).

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KOMPAS

- GOVT TO MAKE BIOFUEL USE MANDATORY

Indonesia's government plans to issue a regulation which will make biofuel usage compulsory for manufacturing, transportation, and electricity sectors in a bid to boost the biofuel industry, director general of oil and gas Evita Legowo said.

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JAKARTA POST

- GOVT IMPOSES TRAVEL BANS ON DEBTORS

The government put a travel ban on fourteen senior executives and commissioners of mining companies which have not completed the payment of coal royalty debts, a senior official at the justice and human rights ministry said.

- FOREST FIRES RAGE IN RIAU AND CENTRAL JAVA

Fires have broken out in nine out of 11 regencies in Riau province and in approximately 200 hectares of forest in Central Java, the country's Meteorology and Geophysics Agency and state forest company said.

- PARLIAMENT PERMITS GRAFT BUSTERS TO ATTEND BUDGET MEETINGS

The House of Representatives said it has agreed to allow staff from the anti-graft agency (KPK) to attend parliamentary sessions deliberating the state budget bill, following a request from KPK which wants to prevent corruption in budget allocations.

- INDONESIA, NEW ZEALAND HOLD DISASTER MANAGEMENT WORKSHOP

Indonesian Foreign Minister Hassan Wirajuda and visiting New Zealand Minister of Public Defence Rick Barker opened a joint workshop on disaster management to increase cooperation on mitigating the effects of natural disasters.

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INVESTOR DAILY

- GOVT WILL NOT HIKE VALUE ADDED TAX

Indonesia will not increase the value added tax for goods even though it will revise several other taxes in the deliberation of the tax bill, director general of tax Darmin Nasution said.

- BTN TO GO PUBLIC IN NOVEMBER

State-owned lender PT Bank Tabungan Negara (BTN) will hold its planned 1.9 trillion rupiah ($210 million) initial public offering in November, the firm's director Saut Pardede said.

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BISNIS INDONESIA

- ASTRA SETS ASIDE $390 MLN TO BUY UNITED TRACTORS SHARES

PT Astra International Tbk (ASII.JK), Indonesia's largest automotive distributor, said it has set aside around $390 million which can be used to buy shares in PT United Tractors Tbk (UNTR.JK), its heavy equipment manufacturing unit, if the unit's public share offering is not taken up.

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