PRESS DIGEST-Indonesian newspapers - July 16

Tue Jul 15, 2008 9:50pm EDT
 
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Following are some leading stories in the main Indonesian newspapers on July 16.

Reuters has not verified these stories and does not vouch for their accuracy. Telephone: Editorial: +62-21-384-6364. Fax: +62-21-344-8404 or Help Desk: +803-061-2124 (toll free).

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JAKARTA POST

- PERTAMINA RAISES NON-SUBSIDISED FUEL PRICES

Indonesia's state oil and gas company, PT Pertamina, has raised the pump price of its non-subsidised fuel to bring it in line with the higher international oil prices.

- BLACKOUT AVOIDABLE IF LOAD DROPS - STATE POWER FIRM

Indonesia's state-owned electricity company, PT Perusahaan Listrik Negara, said it can avoid imposing blackouts in the capital Jakarta and surrounding areas if major customers such as malls, office buildings, factories and luxury houses are willing to cut power consumption.

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INVESTOR DAILY

- ADARO'S H1 SALES UP 10.6 PCT TO $725 MLN

Sales of Indonesia's Adaro Energy Tbk (ADRO.JK) in the first half jumped 10.6 percent from a year a go to $725 million

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BISNIS INDONESIA

- TELKOM CANCELS BOND PLAN, GETS $1.25 BLN LOANS

Indonesia's largest telecommunication firm, PT Telekomunikasi Indonesia Tbk (TLKM.JK), said it has scrapped a plan to issue bonds and will line up $1.25 billion of syndicated loans with three local banks, PT Bank Central Asia, PT Bank Rakyat Indonesia and PT Bank Negara Indonesia.  Continued...

 

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