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PRESS DIGEST-Indonesian Business News - Nov 21

21 Nov 2006 01:13:17 GMT
Source: Reuters

Following are the leading business stories in the main Indonesian newspapers on Nov. 21. 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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BISNIS INDONESIA

- MOBILE-8 PLANS TO EXPAND COVERAGE TO ENTIRE NATION

Indonesian mobile phone operator, PT Mobile-8 Telecom, is planning to expand its service coverage to the entire country from Java, Bali and Madura currently, a senior company executive said.

- MATAHARI GETS 500 BLN RPH LOANS FROM BNI

Indonesian retailer, PT Matahari Putra Prima Tbk <MPPA.JK>, received 500 billion rupiah ($54.64 million) loans from the country's third-largest lender, PT Bank Negara Indonesia Tbk <BBNI.JK>, to finance its capital expenditure.

- INDONESIA TO SWAP BONDS MATURING 2007-2009 ON TUESDAY

Indonesia plans to swap rupiah-denominated bonds maturing 2007-2009 with 8-year debt on Tuesday, the finance ministry said in a statement.

- BUSH TO OFFER BIOFUEL TECHNOLOGY TO INDONESIA

U.S. President George W. Bush has offered biofuel technology to Indonesia to support the country's efforts to develop the use of alternative energy.

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INVESTOR DAILY

- PGN PLANS TO INVEST $400 MLN IN NATURAL GAS PROJECT

Indonesia's state-owned gas distribution company, PT Perusahaan Gas Negara (PGN) <PGAS.JK>, is planning to invest $400 million to develop a compressed natural gas project, its chairman said.

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JAKARTA POST

- BILL SET TO SNUFF OUT TOBACCO PROFITS

Indonesia's house of representatives is drafting a new bill that, if passed, would impose tighter controls on tobacco, including bans on advertising and sponsorship by tobacco companies.

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($1=9,150 rupiah)

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Last updated:Tue Nov 21 01:14:31 2006