Indonesia Market factors to watch - Nov 2

JAKARTA, Nov 2 (Reuters) - Following is a list of events in
Indonesia as well as news stories and press reports which may
influence financial markets.

(Reuters welcomes your feedback, and for any queries please
contact Sara Webb in Jakarta editorial on +6221 384 6364 or via
email at sara.webb@thomsonreuters.com or on Reuters messaging
sara.webb.reuters.com@reuters.net)

WHAT IS HAPPENING IN INDONESIA, ALL TIMES LOCAL FOLLOWED BY
GMT

(The inclusion of diary items does not necessarily mean
that Reuters will cover the event)

- Indonesia's statistics bureau to announce CPI figures for
October and trade data for September, 1330 (0630).

- Indonesia's statistics bureau will also release the third
of its three annual forecasts for Indonesia's food crop output
for 2009, 1330 (0630).

PRESS DIGEST

- JBIC MAY CANCEL FUNDING FOR DONGGI-SENORO PROJECT

Japan Bank for International Corporation (JBIC) may cancel
its plan to fund the Donggi-Senoro liquefied natural gas (LNG)
project in Sulawesi if the LNG is only sold to domestic buyers,
said Darmoyo Darmoatmojo, President Director of Medco Energi
International (MEDC.JK), which is a member of the consortium to
develop the project. (Investor Daily)

- FOURTEEN BANKS TO LOWER THEIR LENDING RATES

Fourteen top Indonesian lenders have agreed to lower their
lending rates in the next three months, after cutting the
deposit rate to a maximum of 8 percent, said Darmin Nasution,
the senior deputy governor of Indonesia's central bank. (Koran
Tempo)

- SPENDING FOR INFRASTRUCTURE STIMULUS REMAINS SLOW

Only 35 percent of the government's stimulus programme for
infrastructure had been used by the end of the third quarter,
but the government is optimistic the rest can be spent in the
next two months, said Chief Economics Minister Hatta Radjasa.
(Jakarta Post)

- CENTRAL BANK PREDICTS INFLATION OF 3.8 PCT BY END OF YEAR

Bank Indonesia predicted inflation would be 3.8 percent by
the end of the year, because of lower commodity prices, a
senior economist at the Central Bank, Juda Agung, said.
(Kompas)

- PROTESTS LIKELY OVER POLICE DETENTION OF ANTI-GRAFT
CHIEFS

Protests are expected in Jakarta in response to the police
detention of two senior officials at the Corruption Eradication
Commission (KPK). (Jakarta Post, Kompas)

-KPK, POLICE SAGA MAY HURT INVESTMENT CLIMATE - BUSINESS

The fight between the Corruption Eradication Commission,
KPK, and the national police, and the arrest of two KPK leaders
must be resolved soon before it affects the investment climate,
an official at the Indonesian Chamber of Commerce and Industry
said. (Jakarta Post)

- NEW FORESTRY MINISTER CITES PRIORITIES

New Forestry Minister Zulkifli Hasan said he will give
priority to developing at least 500,000 hectares of production
forest to compensate for the decline in production of logs from
natural forest, as well as tackling illegal logging, forest
fires, and overlapping forestry regulations. (Jakarta Post)

- SERVICE FIRMS TO LOSE UP TO $750M IN REVENUE

A recent ministerial regulation on the role of mining
service companies in mining projects may reduce the industry's
revenue by up to $750 million a year, according to the industry
association, Indonesian Mining Services Association (ASPINDO).
(Jakarta Post)

- SHELL TO REVIEW SUBSIDISED FUEL DISTRIBUTION OFFER

PT Shell Indonesia, the local subsidiary of global energy
company Royal Dutch Shell, is reviewing a mandate offered by
government to distribute subsidised fuel outside its existing
distribution network in 2010. (Jakarta Post)

- KALBE FARMA ALLOCATES 1.2 TRLN RPH FOR ACQUISITIONS

Pharmaceutical firm PT Kalbe Farma Tbk (KLBF.JK) has set
aside 1.2 trillion rupiah to acquire at least three
pharmaceuticals firms in 2010, one of which may be a foreign
firm, director Vidjongtius said. (Kontan)

- BAPEPAM WANTS TO REPRESENT INVESTORS

Indonesian market watchdog Bapepam wants the authority to
represent investors to help recover their funds in the event of
any market problems, and may put this in the revised draft of
the market law, the head of the investigation bureau, Sarjito,
said. (Kontan)

MARKET SNAPSHOTS

* Indonesia's index .JKSE gained 1 percent after a
four-day loss of 5 percent. Indocement (INTP.JK) surged 8.3
percent while Indofood (INDF.JK) jumped nearly 7 percent. [.SO]

* The Dow industrial suffered its worst slide since July on
Friday on concerns that the economic recovery won't be robust
enough to sustain the seven-month stock rally, while financials
sank on renewed worries about Citigroup's balance sheet. [.N]

* Oil prices fell more than 3 percent to $77 a barrel on
Friday, pressured by bearish economic data that dented
confidence about a potential recovery in energy demand. [O/R]

* For global market news, click on [MKTS/GLOB]

* Malaysian crude palm oil futures inched up 0.9 percent on
Friday, recovering some earlier losses, although slightly
weaker markets and prospects of high stocks curbed gains.
[POI/]

* In Indonesia, the state marketing centre based in Jakarta
sold 5,500 tonnes of palm oil at a top price of 6,547 rupiah
per kg on Friday, against 6,519 rupiah per kg on Thursday.
[OILS/TEND]

* To see the top news on Indonesia's economy click on
[ID:nIDECONOMY]. For a take a look on the central bank click on
[ID:nIDCENBANK] and for the bond market click on [ID:nIDBOND].
----------------------MARKET SNAPSHOT @ 2312 GMT ------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1036.19 -2.81% -29.920
USD/JPY JPY= 89.77 0.11% 0.100
10-YR US TSY YLD US10YT=RR 3.3884 -- 0.000
SPOT GOLD XAU= 1041.9 -0.24% -2.500
US CRUDE CLc1 76.72 -0.36% -0.280
DOW JONES .DJI 9712.73 -2.51% -249.85
ASIA ADRS .BKAS 118.89 -3.33% -4.10
-------------------------------------------------------------
FOR KEY GLOBAL ECONOMIC NEWS, SEE [TOP/MACRO]
FOR TOP NEWS ON ASIAN COMPANIES [TOP/EQA]
FOR ECONOMIC FX RELATED NEWS, HIT [FXNEWS]
FOR WHAT INVESTORS ARE SAYING ABOUT DEALS [DEALTALK/]
STOCKS - BUY OR SELL? [BUYSELL/] IN THE NEWS, REUTERS
INDONESIA (Click on [ID-RTRS]) Adaro Q3 net profit jumps on
coal demand [ID:nJAK204743] Astra Int'l, Unilever
Indonesia Q3 profit rises [ID:nJAK449995] President defends
embattled graft agency [ID:nJAK214945] Crude oil output
slips in October [ID:nJAK49085] Timor lures
tourists with independence sites [ID:nJAK467974] Two top
Indonesian banks post jump in net profit[ID:nJAK460392]
Indonesia mining exports for August, September [ID:nJAK456950]
Antam Q3 profit falls on nickel prices [ID:nJAK482142]
Australia gets a week to remove asylum seekers [ID:nJAK450853]
Coal-Prices edge up, China seeks supply [ID:nJAK114139]
Indonesia sees rebound in '10 worker remittances[ID:nJAK431978]
Indonesia's Telkom Q3 net profit up 24.19 pct [ID:nJAK440297]
ASIA MARKETS NEWS - For an outlook of Asian stock trading,
click on [STXNEWS/AS] - The South Korean won and Indonesian
rupiah bounced back sharply from multi-week lows as the dollar
retreated broadly after better-than-expected U.S. growth data
revived appetite for risky assets. [EMRG/FRX] - Most Southeast
Asian stock markets gained ground on Friday, with banks
reversing recent losses in Singapore and Malaysia while
Indocement and Indofood led gainers in a rebound in Jakarta.
[.SO]
($1 = 9,540 rupiah)
(Reporting by Jakarta Newsroom)