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PRESS DIGEST-Indonesian Business News - Dec 5

05 Dec 2006 00:09:43 GMT
Source: Reuters

Following are the leading business stories in the main Indonesian newspapers on Dec. 5. 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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JAKARTA POST

- LAPINDO MEETS VICTIMS' DEMANDS

Lapindo Brantas Inc. has agreed to buy the land, buildings and rice fields affected by a mudflow disaster for the price demanded by their owners.

- CENTRAL BANK SEES POSSIBLE INFLATIONARY THREATS IN 2007

The central bank believes inflation may be well below 6 percent this year but warns it could also move up to 7 percent again next year on possible inflationary pressure ahead, governor Burhanuddin Abdullah told reporters on Monday.

- ENERGI RESTORES GAS SUPPLY AFTER EXPLOSION FORCED SHUTDOWN

Indonesian energy company PT Energi Mega Persada Tbk <ENRG.JK> said on Monday it had restored gas supply from Kangean PSC gas field last Friday after an explosion ripped apart the gas pipeline nine days earlier.

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INVESTOR DAILY

- JAKARTA ISSUES PERMITS TO IMPORT 200,000 TONNES WHITE SUGAR

The Indonesian trade ministry said it has issued permits to import 200,000 tonnes of white sugar in a bid to cover shortages as erratic weather is likely to cut output.

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BISNIS INDONESIA

- ORASCOM PLANS TO BUILD CEMENT PLANT IN INDONESIA

Egyptian cement company Orascom Construction Industries <OCIC.CA> plans to build a cement plant in Indonesia with a capacity of one million tonnes per year at an investment of $370 million, the chairman of Indonesia's investment coordinating board said.

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($1=9,165 rupiah)

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Last updated:Tue Dec 5 00:12:01 2006