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PRESS DIGEST-Indonesian newspapers - Sept 10

Tue Sep 9, 2008 10:07pm EDT

Stocks

   

Following are some leading stories in the main Indonesian newspapers on Sept. 10.

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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INVESTOR DAILY

- INDONESIA'S BOSOWA EYES 1 TRLN RPH FROM IPO IN H1 2009

Indonesian cement maker PT Semen Bosowa Maros is aiming to raise 1 trillion rupiah ($107.6 million) by offering 30 percent of its share capital through an initial public offering.

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JAKARTA POST

- TEMPO MAGAZINE LOSES LEGAL BATTLE TO ASIAN AGRI

An Indonesian court found Tempo magazine guilty of defaming Asian Agri, a plantation company controlled by tycoon Sukanto Tanoto, and fined the magazine 50 million rupiah in damages and a full page of apology to Asian Agri and its subsidiaries.

- COURT TO GO AHEAD WITH TRIAL OF FORMER TOP SPY OFFICIAL

The South Jakarta District Court decided on Tuesday that it will go ahead with the trial of a former top intelligence agency official, who has been charged with the murder of a prominent human rights activist, Munir.

- PANIN CUTS LENDING TARGETS DUE TO RISING BORROWING COSTS

Indonesia's Panin Bank (PNBN.JK) revised down its lending growth target for this year on slower demand following the central bank move to increase the benchmark BI rate BIPG to tame rising inflation, the vice president director of the lender said.

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