Indonesia Market factors to watch - Nov 4

JAKARTA, Nov 4 (Reuters) - Following is a list of events in
Indonesia as well as news stories and press reports which may
influence financial markets.

(Reuters welcomes your feedback, and for any queries please
contact Sara Webb in Jakarta editorial on +6221 384 6364 or via
email at sara.webb@thomsonreuters.com or on Reuters messaging
sara.webb.reuters.com@reuters.net)

WHAT IS HAPPENING IN INDONESIA, ALL TIMES LOCAL FOLLOWED BY
GMT

(The inclusion of diary items does not necessarily mean
that Reuters will cover the event)

- Indonesia's central bank to hold its monthly policy
meeting at 0500 GMT.

- The central bank plans to hold its weekly debt auction,
results expected around 0830 GMT.

- The chamber of commerce (KADIN) to hold a business
meeting on investment with delegations from the U.K. at 0430
GMT.

PRESS DIGEST

- BUKIT ASAM FILES PROPOSAL TO BUY BHP'S MARUWAI COAL
PROJECT

Indonesia's state coal miner PT Bukit Asam Tbk (PTBA.JK)
has filed a proposal to buy BHP Billiton's (BHP.AX) Maruwai
coal project, president director Sukrisno said. Sukrisno,
however, did not elaborate. (Kontan)

- NET PROFIT OF BUKOPIN DROPS 10.6 PCT IN JAN-SEPT PERIOD

Indonesia's mid-sized lender, PT Bukopin Tbk. (BBKP.JK),
saw its net profit fall 10.6 percent in the first nine months
from a year ago to 277 billion rupiah ($28.94 million), finance
director Tri Joko said. (Kontan)
- HOLCIM INDONESIA GETS 1 TRLN RPH LOAN

Cement maker Holcim Indonesia (SMCB.JK), controlled by
(HOLN.VX), has obtained 1 trillion rupiah in syndicated loans
from five banks, which will be used to acquire Malaysian Holcim
Sdn Bhd and to refinance debts, said Finance Director Olaf
Nahe. (Investor Daily)

- SHARIA-COMPLIANT BANKS ASSETS MAY MISS TARGET

The assets of sharia-compliant banks in Indonesia may reach
around 60 trillion by the end of 2009, less than the target of
80 trillion rupiah, said Ramzi Zuhdi, the director for
sharia-compliant banking in the central bank.

-BIBIT AND CHANDRA RELEASED, POLICE GRILL ANGGODO

Police on Tuesday released Bibit Samad Riyanto and Chandra
Hamzah, two suspended anti-graft officials, to end a dramatic
day after the public release of tape transcripts implicating
officials from the police and attorney general's office in a
plot to discredit the anti-graft agency. (Kompas, Jakarta Post)

- GOVERNMENT TO OPEN TWO OIL REFINERIES

The government plans to build two refineries in Banten
province and in Balongan, in West Java, to increase daily oil
production, Oil and Gas director general Evita Legowo said on
Tuesday. (Kompas)

- PLN TO ISSUE 1.5 TRLN RUPIAH BOND

State electricity company PT Perusahaan Listrik Negara
(PLN) planned to a 1.5 trillion rupiah of bond issues to fund
the company's investment and operational costs, said Vice
President Director Rudiantara. (Kompas)

- GOVT REGULATIONS MUST FINISH IN 100 DAYS: MINISTER

Government is trying to tackle bottlenecking with a new
mechanism to cut the period of government regulations drafted
to a maximum of 100 days, chief economics minister Hatta Rajasa
said on Tuesday. (Kompas)

- PAPUA TO BUILD 2,000 MEGAWATT POWER PLANT

Papua's provincial administration is planning to build a
2,000 Megawatt hydro-power plant to meet electricity demand
and to support infrastructure needs in Papua, Papuan governor
Barnabas Suebu said on Tuesday. (Jakarta Post)

MARKET SNAPSHOTS

* Indonesia's index .JKSE shed 1.6 percent, with
decliners including Bumi Resources (BUMI.JK), which was down
5.2 percent, wiping out all of Monday's 2.1 percent gain.
Second-largest lender Bank Rakyat (BBRI.JK) lost 3.5 percent
and top automotive distributor Astra International (ASII.JK)
fell 2.6 percent. [.SO]

* The S&P 500 and Nasdaq rose slightly on Tuesday as news
of a major railroad acquisition helped sentiment, but the Dow
edged lower on caution before a Federal Reserve statement on
interest rates and the economy. [.N]

* Oil rose nearly 2 percent to above $79 a barrel on
Tuesday after data showed U.S. factory orders in September
expanded at a quicker pace than expected, signaling potential
for more fuel demand in the world's biggest energy
consumer.[O/R]

* For global market news, click on [MKTS/GLOB]

* Malaysian crude palm oil futures edged down on Tuesday as
speculation of a big jump in production in October fueled fears
of a further rise in inventories, which would be bearish for
prices, traders said. [POI/]

* In Indonesia, the state marketing centre, based in
Jakarta, sold 5,000 tonnes of palm oil at a top price of 6,433
rupiah per kg, against 6,547 rupiah on Friday. [OILS/TEND]

* To see the top news on Indonesia's economy click on
[ID:nIDECONOMY]. For a take a look on the central bank click on
[ID:nIDCENBANK] and for the bond market click on [ID:nIDBOND].
----------------------MARKET SNAPSHOT @ 2313 GMT ------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1045.41 0.24% 2.530
USD/JPY JPY= 90.27 -0.03% -0.030
10-YR US TSY YLD US10YT=RR 3.4689 -- 0.000
SPOT GOLD XAU= 1083.5 -0.09% -1.000
US CRUDE CLc1 79.52 -0.10% -0.080
DOW JONES .DJI 9771.91 -0.18% -17.53
ASIA ADRS .BKAS 120.04 -0.06% -0.07
-------------------------------------------------------------
FOR KEY GLOBAL ECONOMIC NEWS, SEE [TOP/MACRO]
FOR TOP NEWS ON ASIAN COMPANIES [TOP/EQA]
FOR ECONOMIC FX RELATED NEWS, HIT [FXNEWS]
FOR WHAT INVESTORS ARE SAYING ABOUT DEALS [DEALTALK/]
STOCKS - BUY OR SELL? [BUYSELL/] IN THE NEWS, REUTERS
INDONESIA (Click on [ID-RTRS]) Indonesia tapes show need for
reform-activists [ID:nJAK507185] Krakatau Steel aims for IPO
in mid-2010 [ID:nJAK494225] Indonesia's Pertamina
plans to list units by 2013 [ID:nJAK420831] Indonesia aims to
raise 1.5 trln rph from sukuk [ID:nJAK450662] Indonesia raises
3.55 trln rph in debt sale [ID:nJAK406658] C.bank: end-Oct
forex reserves above $64 bln [ID:nJAK192439] Indonesia
delays trade rules in export payments [ID:nJAK469417] Five
political risks to watch for Indonesia [ID:nSP28026]
Indonesia's Oct consumer confidence cools
[ID:nJAK475790] Bank Indonesia to put emphasis in inflation
[ID:nSP194656] ASIA MARKETS NEWS - For an outlook of Asian
stock trading, click on [STXNEWS/AS] - Asian currencies firmed
on Tuesday as investors took comfort from further evidence of
an economic recovery around the world, with the Singapore
dollar rising against both U.S. dollar and Malaysian ringgit.
[EMRG/FRX] - Most Southeast Asian stock markets extended recent
losses on Tuesday in a market cautious ahead of a U.S. Federal
Reserve meeting, and lower oil prices forced down big-cap
energy and resource shares across the region. [.SO]
($1 = 9,570 rupiah)
(Reporting by Jakarta Newsroom)