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PRESS DIGEST-Indonesian Business News - Jan 4

04 Jan 2007 00:11:27 GMT
Source: Reuters

Following are the leading business stories in the main Indonesian newspapers on Jan. 4. 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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KOMPAS

- LAPINDO TO CLAIM MUDFLOW EXPENSES FROM GOVERNMENT

Lapindo Brantas, the operator of a troubled energy block in East Java, will insist on claiming the costs to overcome the mudflow that has left inundated villages and farms to the government, a financial statement of its controlling company showed.

- INDONESIA'S FOREIGN EXCHANGE RESERVES TO CLIMB - C.BANK

Bank Indonesia Governor Burhanuddin Abdullah estimated on Wednesday that the country's foreign exchange reserves will climb to $47 billion from around $42 billion currently.

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BISNIS INDONESIA

- GOVT TO BAN EXPORTS OF MINERAL ORES AND CONCENTRATES

The Indonesian government plans to ban the export of mineral ores and concentrates when it introduces a new mining law in March.

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INVESTOR DAILY

- CP PRIMA GETS $200 MILLION LOAN

Indonesian aquaculture company PT Central Proteinaprima Tbk (CP Prima) <CPRO.JK> has received $200 million in a five-year syndicated loan to refinance its debts, a company official said.

- AUSTRALIA'S COMMONWEALTH TO ASK BANK ANK TO GO PRIVATE

Australia's biggest mortgage lender, Commonwealth Bank of Australia <CBA.AX>, plans to make PT Bank Arta Niaga Kencana Tbk (ANK) <ANKB.JK> a private company once the takeover process of the Indonesian lender has been completed, ANK's president said.

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JAKARTA POST

- MORE STATE FIRMS STAKES TO BE SOLD - MINISTER

The government will promote the sale of at least 12 state-owned enterprises later this year, Minister Sugiharto said.

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($1=8,986 rupiah)

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Last updated:Thu Jan 4 00:13:22 2007