PRESS DIGEST-Indonesian Business News - Nov 26

Following are the leading business stories in the main Indonesian newspapers on Nov. 26.

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JAKARTA POST

- PERTAMINA, WAHANA TO BUILD $20 MLN REFINERY IN EAST JAVA

Indonesia's state energy firm, PT Pertamina, will team up with a local company, Wahana Universal, to build an oil refinery in East Java at a cost of $20 million, parts of an efforts to increase oil production, a director said.

BISNIS INDONESIA

- TAX RATIO IS EXPECTED TO REACH 16 PCT TO GDP BY 2009

The finance ministry said ratio of tax to gross domestic product in Indonesia is expected to increase to 16 percent by 2009 from 13.5 percent currently, as the ministry steps up efforts to tackle widespread tax evasion.