January 12, 2011 / 3:32 AM / in 8 years

UPDATE 1-Indonesia-Market Factors to watch - Jan 12

 (Adds press digest)	
 JAKARTA, Jan 12 (Reuters) - Following is a list of events 
in Indonesia as well as news stories and press reports which 
may influence financial markets. 	
 	
 WHAT IS HAPPENING IN INDONESIA (TIMES IN LOCAL/GMT)	
 (The inclusion of diary items does not necessarily mean 
that Reuters will cover the event)	
 - Indonesian meteorology, geophysics and climatology 
agency (BMKG) to hold a news conference on weather forecast, 
0800 (0100)	
 	
 PRESS DIGEST	
 - 18 FIRMS SEEK INVESTMENT OPPORTUNITIES IN AUTO INDUSTRY	
 At least 18 foreign and local companies, including some 
from Japan, Singapore and the U.S., have applied for permits 
worth $957.46 million in the automotive industry, said Teuku 
Otman Rasyid, deputy chairman of Indonesian Investment Board. 
(Jakarta Post)	
 - SMS FINANCE GETS 900 BLN LOAN FROM BNI, BANK MUTIARA	
 Used car purchasing company PT Sinar Mitra Sepadan Finance 
(SMS Finance) has been given credit of 900 billion rupiah 
($99.5 million)from PT Bank Negara Indonesia (BNI) 
and Bank Mutira that will be used for business expansion, said 
Rudyanto Somawihardja, SMS Finance's president director. 
(Bisnis Indonesia) 	
 - PETROGRES TO BUILD NEW $600 MLN FACTORY	
 Petrochemical company PT Petrokimia Gresik (Petrogres) 
will build a new factory this year with a total investment of 
around $600 million to increase production from the current 
2,500 tonnes of ammonia and 2,000 tonnes of urea per day. 
Construction is expected to completed in the next three years, 
said Hidayat Nyakman, the company's president director. 
(Bisnis Indonesia) 	
 - CHINESE INVESTORS TO RELOCATE FACTORIES INTO INDONESIA	
 The chairman of the Indonesian Textile Association (API), 
Ade Sudrajat Usman, said a number of Chinese investors plan to 
relocate factories to Indonesia. The Chinese investors have 
requested 200-hectares of land in Karawang to build an 
industrial estate  that will be implemented in 2011-2012. 
(Bisnis Indonesia)	
 - MOTORCYLE SALES IN 2010 UP 26 PCT TO 7.39 MLN UNITS	
 Indonesia's domestic motorcycle sales in 2010 rose 26 
percent to 7.39 million units from 5.8 million units in 2009, 
said Gunadi Sindhuwinata, the chairman of Indonesian 
Motorcycle Industries Association (AISI). (Bisnis Indonesia)	
 - WIKA BETON EXPECTED TO LAUNCH IPO IN SECOND SEMESTER	
 Construction company PT Wijaya Karya (Wika) 
expects its PT Wijaya Karya Beton unit to launch an initial 
public offering (IPO) in the second semester of 2011, said 
Bintang Perbowo, Wika's president director, adding the firm 
expects to raise between 200-300 billion Indonesian rupiah  
($33.17 million) to be used for expansion. (Bisnis Indonesia)	
 - MNC EXPECTS 2011 PROFIT AT 1.02 TRLN RPH	
 Integrated media company PT Media Nusantara Citra (MNC) 
 sees 2011 net profits reaching 1.02 trillion rupiah 
and revenues reaching 6.13 trillion rupiah ($677.8 million), 
said Harry Tanoesudibyo, the company's president director. 
(Bisnis Indonesia)	
 - BANK JABAR TO ISSUE BOND WORTH 2 TRLN RPH 	
 Provincial lender Bank Jabar dan Banten will 
issue bonds worth 2 trillion rupiah ($221.14 million) and is 
considering setting a coupon between 7.44-9.45 percent, said 
Agus Ruswendi, the bank's president director, adding that all 
proceeds will be used for working capital and credit 
expansion. The offering period is scheduled between January 
11-19, 2011. (Investor Daily)	
 - ASTRA AGRO'S CPO OUTPUT IN 2010 AT 1.1 MLN TONNES	
 Plantation company PT Astra Agro Lestari said 
its crude palm oil (CPO) production in 2010 reached 1.1 
million tonnes, up 2.8 percent from 1.08 million tonnes in 
2009. (Investor Daily)	
 - DAYAINDO TO SPEND 288 BLN RPN FOR 2011 CAPEX	
 Coal company PT Dayaindo Resources International 
will spend 288 billion Indonesian rupiah ($31.84 million) in 
2011 to increase sales contracts and production capacity, said 
Endang Wijaya, the company's corporate secretary. (Investor 
Daily)	
	
 	
            	
  MARKET SNAPSHOT	
 * Asian stocks may manage a positive start on Wednesday as 
global markets halted recent losing streaks and posted modest 
gains on the back of solid earnings reports and positive 
broker comments, while investors await the outcome of debt 
issuance in the euro zone. 	
 * Indonesia's stock index fell 0.67 percent on 
Tuesday with Enseval Putra leading losses, down 
19.35 percent, and Pelangi Indah leading gains, up 
20.13 percent. Astra International led market 
turnover, falling 0.32 percent, and Bakrie Brothers 
saw at the top volume, keep steady from the opening of the 
market.	
 For prices see <0#.JKSE>, for news see . 	
 * Energy shares helped the Dow and S&P 500 end a three-day 
losing streak on Tuesday, even as investors worried rising 
fuel costs will undercut economic growth. 
 * U.S. oil prices steadied  above $91 on Wednesday 
following a sharp rally the previous  session, supported by 
the shutdown of two North Sea oil fields  and the continued 
outage of a key Alaskan pipeline. 	
 * Malaysian crude palm oil eased on Tuesday, ahead of a 
key U.S. Department of Agriculture report that will likely 
trim the agency's forecast for South American soy output due 
to a lingering dry spell. 
 	
 	
	
----------------------MARKET SNAPSHOT @ 0038 GMT ------------	
                 INSTRUMENT   LAST       PCT CHG   NET CHG	
S&P 500                   1274.48      0.37%     4.730	
USD/JPY                   83.29         0.1%     0.080	
10-YR US TSY YLD     3.3396          --     0.000	
SPOT GOLD                 1382.57      0.15%     2.120	
US CRUDE            CLc1       91.23        0.13%     0.120	
DOW JONES                 11671.88     0.30%     34.43	
ASIA ADRS                142.62       0.78%      1.11	
-------------------------------------------------------------   
                                                      	
	
	
                                                     	
 LATEST STORIES ON:	
  	
 * Indonesia stocks........ 
 * Southeast Asian stocks.. 
 * Asian stocks preview.... 
 * Asian currencies........ 
 * U.S. stocks............. 
 * Oil prices.............. 
 * Global markets.......... 
 * Malaysian crude palm oil 
 * Indonesian palm oil..... 
 * Global economy.......... 
 * Key Asian companies..... 
 * Key currencies.......... 
 * Major deals of interest. 
 * Stocks to buy or sell... 
 	
 	
IN THE NEWS, REUTERS INDONESIA (Click on 
	
Volcano prompts evacuation plan but coffee ok   [ID:nL3E7CB0OQ]	
Fin ministry buys back 170bln rph bonds due 2011[ID:nJKB004207]	
Garuda to sell 36.5 pct stake in IPO - sources  [ID:nL3E7CB0Q8]	
Indonesia coal price reference for January      [ID:nL3E7CB0N3]	
Indonesia sees 2011 palm oil output at 22 mln T [ID:nL3E7CB0F2]	

($1 = 9,044 Indonesian Rupiah)	
	
 (Reporting by Telly Nathalia)	
 
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