PRESS DIGEST-Indonesian Business News - June 16

Following are the leading business stories in the main Indonesian newspapers on June 16.

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JAKARTA POST

- PRESIDENT INAUGURATES PROJECTS IN BALI

President Susilo Bambang Yudhoyono officially launched seven public works projects in Bali worth 937 billion rupiah ($100.7 million), including irrigation and beach protection systems and a garbage sorting facility.

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INVESTOR DAILY

- EXCELCOMINDO APPOINTS UNDERWRITERS FOR SPO

PT Excelcomindo (EXCL.JK), Indonesia's third-largest mobile phone operator, said it had appointed PT Mandiri Sekuritas, JP Morgan and Merrill Lynch to help handle its secondary public offering in the second half of this year.

- INDONESIA AND MALAYSIA TO DEVELOP A TELEVISION CHANNEL

The Indonesian and Malaysian government will jointly develop a news television channel starting in August to increase news coverage of both countries, Indonesian Information Minister Mohammad Nuh said.

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