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PRESS DIGEST-Indonesian Newspapers - Feb 16

PRESS DIGEST-Indonesian Newspapers - Feb 16

Write: Vasant [2011-05-20]
JAKARTA POST

- GOVERNMENT TO INTENSIFY CONSUMPTION OF LOCAL PRODUCTS

The government is intensifying efforts to bolster the domestic market by finalising a regulation to mandate the consumption of local products, for example by civil servants, to help local industries weather the global slowdown, Industry Minister Fahmi Idris said.

- REVISED 2009 BUDGET ADDS ON STIMULUS

The revised 2009 budget, which is likely to be endorsed this week, will incorporate he economic stimulus programme and provide room for the government to make quick adjustments to respond to global financial volatility.

- OIL, GAS FIRMS TO INVEST $14 BLN IN 2009

Oil and gas firms have proposed to invest $14 billion this year, higher than previous calculation of $13.15 billion to help the country achieve its 2009 oil production target of 960,000 barrels of oil per day, an official at oil watchdog BPMIGAS said.

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KONTAN

- INDONESIA-PAKISTAN SET TO CONTINUE PTA TALKS

Indonesia and Pakistan are set to continue delayed talks on a Preferential Trade Agreement (PTA) on several commodities, such as oranges and palm oil, Trade Minister Mari Pangestu said.

- INDONESIA EYES MAIDEN PRODUCTION OF TANGGUH FIELD IN APRIL

Indonesia's oil watchdog, BPMIGAS, is targeting the first production of liquefied natural gas (LNG) from the Tangguh field in April, the watchdog's chairman Priyono said.

INVESTOR DAILY

- INDONESIA'S EXCELCOMINDO TO PAY DEBT THIS YEAR

Indonesia's No. 3 mobile phone operator, PT Excelcomindo Pratama Tbk (EXCL.JK), said it will repay debt to local and foreign banks this year using 1 trillion rupiah ($85.10 million) of funds derived from internal cash and a rights issue.