PRESS DIGEST-Indonesian Business News - April 18

Thu Apr 17, 2008 9:39pm EDT
 
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Following are the leading business stories in the main Indonesian newspapers on April 18.

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JAKARTA POST

- INDONESIA AMONG THE MOST OPTIMITSIC MARKETS - SURVEY

A survey by Dutch financial group ING (ING.AS) placed Indonesia as the third most optimistic market in Asia, which will help limit the impact of the global credit crunch and subprime problems in the United States.

- GOVT BUDGET REMAINS SAFE UNTIL OIL PRICE REACHES $125/BBL

The government budget will be able to withstand the pressure from rising global oil prices until the benchmark Indonesian Crude Price reaches $125 a barrel, an energy ministry official said.

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BISNIS INDONESIA

- LPS TO INVEST 60 PCT OF FUNDS IN GOVT BONDS

Indonesia's state-owned deposit insurance agency (LPS) plans to invest up to 60 percent of its insurance premium income in government bonds, a senior agency official said.

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