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PRESS DIGEST-Indonesian Newspapers - Feb 2
02 Feb 2009 02:17:22 GMT
Source: Reuters
Following are some leading stories in the main Indonesian newspapers on Feb 2.

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

- HEAVY FLOODS AND LANDSLIDES RAVAGE CENTRAL JAVA

Heavy rains at the weekend have caused flooding and landslides in some regencies in Central Java, destroying 450 hectares (1,112 acres) of almost-harvested rice and leaving at least six people dead.

- CENTRAL BANK TO TIGHTEN RULES ON DERIVATIVE PRODUCTS

Indonesia's central bank will tighten rules on derivative and structured products to ban derivative transactions that are related to speculative deals.

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BISNIS INDONESIA

- JAKARTA'S GOVERNMENT IMPLEMENTS NEW FIRE SANCTIONS

Jakarta's government has implemented new sanctions for companies that do not have standard fire extinguisher facilities following increasing numbers of cases of fires in January 2009.

- BAKRIE TO INVEST MORE ON ITS SUBSIDIARIES

Indonesia's Bakrie and Brothers <BNBR.JK> plans to increase investment in almost all of its subsidiaries through share purchases starting in the middle of this year, director Dileep Srivastava said.

- ANTAM REVENUE DROPS 19 PCT

Indonesian state-owned miner, PT Aneka Tambang Tbk <ANTM.JK>, recorded a fall in its 2008 revenue to 9.51 trillion rupiah ($836.4 million), down 19 pct from a year earlier due to a drop in nickel sales volume.

- INDONESIA'S DANAREKSA TO ISSUE BONDS

Indonesia's PT Danareksa Investment Management aims to issue bonds in April this year worth around 200 billion rupiah to cover its working capital need.

- - - - ($1 =11,370 rupiah) ((Jakarta newsroom +6221 384-6364; Fax +6221 344-8404, jakarta.newsroom@reuters.com))


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Police walk past flooded garages next to the river in the town of Basauri January 27, 2009. Authorities in the northern Spanish city of Bilbao closed shops and businesses in the ...



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Last updated:Mon Feb 2 02:18:48 2009