PRESS DIGEST-Indonesian Business News - May 12
Following are the leading business stories in the main Indonesian newspapers on May 12.
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
- PRESIDENT TO ISSUE NEW ECONOMIC PACKAGE
President Susilo Bambang Yudhoyono's administration will issue a new package of economic measures later in May to help speed up private investment and spur economic growth ahead of a general election next year.
- FUEL PRICE HIKE PLANS CAUSE LONG QUEUES AT PETROL STATIONS
The government's announcement of impending fuel price increases has caused a spike in fuel consumption, with long queues at some petrol stations and rationing on purchases.
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BISNIS INDONESIA
- TIMAH ALLOCATES 4 TRLN RPH FOR ACQUISITION PLAN
Indonesian tin miner, PT Timah Tbk (TINS.JK), said it has allocated 4 trillion rupiah ($433.1 million) to acquire tin mines in Myanmar and Vietnam to boost its output this year.
- - - - ($1 = 9,235 rupiah)
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