PRESS DIGEST-Indonesian Business News - June 27

Following are the leading business stories in the main Indonesian newspapers on June 27.

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JAKARTA POST

- ANTAM TO PAY 2 TRLN RPH IN DIVIDEND, RESHUFFLE DIRECTORS

State-owned miner PT Aneka Tambang Tbk (ANTM.JK) said it will pay out 2.05 trillion rupiah ($223 million) in dividends to shareholders and has reshuffled its board of directors.

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BISNIS INDONESIA

- FOREIGN OWNERSHIP OF BANKS WILL NOT BE LIMITED - C.BANK

Foreign ownership of local banks will not be limited as the current regulation states that foreign investors can own up to 99 percent of such lenders, central bank governor Boediono said.

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INVESTOR DAILY

- STATE FIRM REORGANISATION TO BE COMPLETED BY OCTOBER

The State Enterprises Minister said a plan to combine state firms into bigger groups would be completed by October, including the grouping of 13 firms into one big plantation firm, and the grouping of three mining firms PT Aneka Tambang Tbk, PT Timah Tbk (TINS.JK) and PT Tambang Batubara Bukit Asam Tbk (PTBA.JK) under one holding company.

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