PRESS DIGEST-Indonesian Business News - Nov 29
Source: Reuters
Following are the leading business stories in the main Indonesian newspapers on Nov. 29. 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). - - - - BISNIS INDONESIA - FREEHOLD CANCELS PLAN TO BUY LAPINDO Freehold Group Limited, a firm incorporated in the British Virgin Islands, has cancelled a plan to buy Lapindo Brantas Inc., the operator of a gas block blamed for a drilling accident in East Java, PT Energi Mega Persada Tbk <ENRG.JK>, the current ultimate owner of Lapindo, said. - - - - BISNIS INDONESIA - BANK MANDIRI AND BNI NEED TO BE MERGED - C.BANKER Indonesia's largest and third largest lender, PT Bank Mandiri Tbk <BMRI.JK> and PT Bank Negara Indonesia Tbk <BBNI.JK>, need to be merged, a director of the Indonesian central bank, who has become a candidate for deputy governor of Bank Indonesia, said. - - - - JAKARTA POST - KALLA EXPECTS HOUSE SUPPORT FOR ADDITIONAL KEROSENE SUPPLY Vice President Jusuf Kalla said on Tuesday he was confident the House of Representatives would agree with the government's decision to increase the supply of kerosene, which would result in higher subsidy spending than envisaged under the 2006 budget. - KALLA SEEKS TO REASSURE VICTIMS OF MUDFLOW Jusuf Kalla said Lapindo Brantas and other companies believed to be responsible for the devastating mudflow in East Java would live up to their obligations and compensate the victims of the disaster. - INDONESIA, JAPAN AGREE ON ECONOMIC PARTNERSHIP President Susilo Bambang Yudhoyono and Japanese Prime Minister Shinzo Abe issued a joint statement Tuesday announcing that the two leaders have signed on key elements of the bilateral economic partnership agreement. - JAPANESE LOANS TO HELP KICKSTART MRT PROJECT The government has announced that it will receive a $16.14 million loan from the Japanese government to begin work on a mass rapid transit (MRT) system in Indonesia. - - - - ($1=9,140 rupiah)
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