PRESS DIGEST-Indonesian Business News - April 7

Following are the leading business stories in the main Indonesian newspapers on April 7.

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JAKARTA POST

- SAIPEM SPENDS 2.5 TRLN RPH ON FABRICATION YARD PROJECT

Italian oil services firm Saipem (SPMI.MI) has started to build a huge production yard in Karimun, Riau Islands, with a total investment of 2.5 trillion rupiah ($272 million).

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INVESTOR DAILY

- LMIR TRUST ACQUIRES MEDAN'S SUN PLAZA FOR 980 MLN RPH

Lippo-Mapletree Indonesia Retail (LMIR) Trust Management Ltd, manager of LMIR Trust (LMRT.SI), said that the trust has acquired Sun Plaza in Medan, North Sumatra for 980 billion rupiah.

- GOVERNMENT TO WITHDRAW ADAM AIR'S LICENCE

The government will withdraw licences on all routes for Indonesia's Adam Air, with effect from Tuesday, because the budget airline has not operated for 21 days.

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BISNIS INDONESIA

- SAUDI TELECOM TO INVEST $1 BLN IN INDONESIAN UNIT

Saudi Telecom Co. 7010.SE, the largest Arab telecom firm, said it will invest $1 billion this year in PT Natrindo Telepon Seluler, its Indonesian unit.