Thu, 6 Nov 05:51:06 GMT17

 

PRESS DIGEST-Indonesian newspapers - Oct 13
13 Oct 2008 01:51:21 GMT
Source: Reuters
Following are some leading stories in the main Indonesian newspapers on Oct. 13.

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

- VICE PRESIDENT PUSHES DEVELOPING SHARIA FINANCE

Vice President Jusuf Kalla said the capitalist financial system was one of the causes of the current global financial crisis, adding that Indonesia should develop a sharia financial system.

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KOMPAS

- WORLD BANK TO PROVIDE $2 BLN STANDBY LOAN FOR INDONESIA

The World Bank has indicated it will provide Indonesia with a $2 billion standby loan if economic growth slumps to below 6 percent next year, National Development Minister Paskah Suzetta said.

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KORAN TEMPO

- GREENPEACE URGES MORATORIUM ON FOREST CONVERSION

The government should hold a moratorium on forest conversion to help reduce global warming, a Greenpeace campaigner said.

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INVESTOR DAILY

- GOVT TO REVISE 2009 BUDGET ASSUMPTION

The government will submit a revised macroeconomic assumption for the 2009 state budget due to the global financial crisis, lowering the economic growth target to 6.0-6.1 percent from 6.3 percent, a finance ministry official said.

- GOVT ABOLISHES IMPORT FEES FOR 11 GOODS

The government has abolished import fees for 11 industrial materials in order to boost competitiveness, Finance Minister Sri Mulyani Indrawati said.

- LOAN GROWTH TO REACH 25-27 PCT THIS YR-CENTRAL BANK

Bank Indonesia, the central bank, estimated that loan growth would reach 25-27 percent by the end of the year, Deputy Governor Muliaman Hadad said.

- INFRASTRUCTURE PROJECTS SAFE FROM CRISIS -MINISTER

The government has guaranteed that infrastructure projects will not be disrupted by the financial crisis as funding for these projects had already been approved, Public Works Minister Djoko Kirmanto said.

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Villagers carry a motorcycle at a flooded village in Palopo November 5, 2008. Nearly one thousand families have been affected by floods following heavy rains in Indonesia's Sulawesi island, an official ...



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