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PRESS DIGEST-Indonesian Business News - April 17

Wed Apr 16, 2008 10:03pm EDT

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Following are the leading business stories in the main Indonesian newspapers on April 17.

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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JAKARTA POST

- PLN TO SECURE 5.71 TRLN RPH LOAN FOR POWER PLANTS

Indonesian state power company PT Perusahaan Listrik Negara (PLN) is set to obtain 5.71 trillion rupiah ($621.6 million) loans from local banks to finance the construction of five power plants, an energy ministry official said.

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BISNIS INDONESIA

- GOVT TO MAINTAIN SHARE MAJORITY IN KRAKATAU STEEL

Indonesian State Enterprises Minister Sofyan Djalil said the government will maintain a share majority in steel-maker PT Krakatau Steel if it sells the company's shares through a strategic sale or an initial public offering.

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INVESTOR DAILY

- OUTSTANDING LOANS FROM TOP 10 BANKS DOWN TO 599 TRLN RPH

Outstanding loans of Indonesian banks fell to 599 trillion rupiah as of February from 608.42 trillion rupiah in December 2007, central bank data showed.

- HANSON WINS 28 TRLN RPH COAL TENDER

Indonesian energy firm PT Hanson Energy, a unit of PT Hanson International Tbk (MYRX.JK), won a tender worth of 28 trillion rupiah to supply coal for state power company PT PLN, the company's investor relations officer said.

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