PRESS DIGEST-Indonesian Business News - June 9

Following are the leading business stories in the main Indonesian newspapers on June 9.

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JAKARTA POST

- INDONESIA, INDIA TO FINALISE ECONOMIC AGREEMENT IN AUGUST

Representatives from Indonesia and India will meet in August to finalise negotiations on an economic partnership between the two nations aimed at lifting bilateral trade to $10 billion by the end of 2009, Indonesia's ambassador to India Andi M. Ghalib said.

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BISNIS INDONESIA

- GOVERNMENT PICKS CIMB-GK AS ADVISER FOR KRAKATAU IPO

Indonesia's government has appointed Malaysia's CIMB-GK as financial adviser for the planned sale of a stake of up to 40 percent in Krakatau Steel, the steel firm's president director, Fazwar Bujang, said.

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KOMPAS

- MAY MOTORBIKE SALES REACH 542,261 UNITS

Indonesian motorbike sales in May reached 542,261 units, little changed from 542,750 units a month earlier, the chairman of Indonesia's Motorcycle Industry Association said.

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INVESTOR DAILY