PRESS DIGEST-Indonesian Business News - April 10

Following are the leading business stories in the main Indonesian newspapers on April 10.

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JAKARTA POST

- INDONESIA'S FINANCE MINISTER SEEKING LOANS

Indonesian Finance Minister Sri Mulyani Indrawati is set to lobby donor countries and agencies for low-interest loans to help plug the state budget deficit, a senior official at the ministry said.

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BISNIS INDONESIA

- ADAM AIR OWNER SEEKS TO SET UP NEW AIRLINE

The Suherman family who own 50 percent of troubled budget airline Adam Air's shares has sought a licence to set up a new airline named King & Queen Airlines, said an official at the transport ministry.

- ADARO APPOINTS DANATAMA AS LOCAL UNDERWRITER

Indonesia's second-largest coal producer, PT Adaro Indonesia, appointed PT Danatama Makmur as the local underwriter for its initial public offering.

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INVESTOR DAILY

- PRESIDENT TO HELP SPEED UP LOMBOK RESORT DEVELOPMENT

President Susilo Bambang Yudhoyono plans to help speed up the development of a resort complex in West Nusa Tenggara's Lombok island by Emaar Properties EMAR.DU at a cost of $600 million, West Nusa Tenggara Governor Lalu Serinata said.

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