(Reuters welcomes your feedback, and for any queries please contact Sara Webb in Jakarta editorial on +6221 384 6364 or via email at sara.webb@thomsonreuters.com or on Reuters messaging sara.webb.reuters.com@reuters.net)
WHAT IS HAPPENING IN INDONESIA (TIMES IN LOCAL/GMT)
(The inclusion of diary items does not necessarily mean that Reuters will cover the event)
- Central bank reviews its key policy rate at 1200 (0500).
- IT solutions distributor, Avnet Tecnology Solutions, to announce a strategic investment in one of Indonesia's major IT companies, 1030 (0330)
- PT Toyota-Astra Motor launches new Vios model, 0945 (0245)
- PT Merck Tbk announces 2009 earnings, Merck Factory 2nd floor, 1130 (0430)
- News conference by People for the Ethical Treatment of Animals (PETA) Asia to hold a news conference on its recent undercover investigation of exotic-skins trade in Indonesia, 1330 (0630)
- Briefing by environment groups including WALHI, Sawit Watch, Greenpeace, Institut Hijau Indonesia, KPS-Medan, Forest Watch Indonesia, and Telapak on palm oil industries in Indonesia, 1000 (0300)
PRESS DIGEST
- GOVERNMENT TO SELL STAKE IN BNI
The state-owned enterprises ministry will sell its 4.14 percent stakes in Indonesia's fourth-largest lender, PT Bank Negara Indonesia, directly to the market this year and will not sell to any specific financial institutes, said SOE minister Mustafa Abubakar. (Bisnis Indonesia)
- BAKRIE SUMATERA TO LIFT SPENDING TO $150 MLN
A unit of Bakrie Group focusing on the plantation sector, PT Bakrie Sumatera Plantation, said that it plans to increase capital expenditure up to $150 million from $100 million, with about $120 million to be spent to develop its oleochemical project, said Ambono Janurianto, Bakrie plantation's president director. (Investor Daily)
- TRADA MARITIME ACQUIRE SHIPPING COMPANY
Indonesian shipping company, PT Trada Maritime, has acquired a majority stake in PT Agate Bumi Tanker for $15 million to strengthen its oil and gas shipping business, said Adrian Sjamsul, Trada's finance director. (Investor Daily)
- RUKUN RAHARJA TO ISSUE $100 MLN CONVERTIBLE BONDS
A small Indonesia's marine port services provider, PT Rukun Raharja, plans to issue $150 million in convertible bonds in order to acquire three energy companies, said Kusumasmoro, Rukun's corporate secretary. (Investor Daily)
- BAKRIE & BROTHERS EYES $500 MLN INFRASTRUCTURE DEAL
Bakrie Group's investment unit, PT Bakrie & Brothers, is discussing possible investment in infrastructure projects, including power plants, toll roads and gas pipe projects, with external investors from South Korea, Japan, China and the middle east, worth $500 million through its subsidiary, PT Bakrie Indo Infrastructure, said Bobby Gafur Umar, Bakrie's chief executive officer (Kontan).
- INDONESIA TO ADDRESS ISSUE OF MYANMAR AT ASEAN SUMMIT
Indonesia will address the issue of Mynamar at the ASEAN summit this week and voice the urgency to ensure that the upcoming elections in Myanmar will be inclusive, foreign ministry spokesman Teuku Faizasyah said. (Jakarta Post)
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---------------------MARKET SNAPSHOT @ 2259 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG S&P 500 1187.44 0.79 9.340 USD/JPY 94.35 0.01 0.010
10-YR US TSY YLD 3.9877 -
0.000 SPOT GOLD 1131.85 0.19 2.150 US CRUDE 86.75 0.15 0.130 DOW JONES 10973.55 0.43 46.48 ASIA ADRS 136.39 0.84 1.13
IN THE NEWS, REUTERS INDONESIA (Click on)
Central bank expected to keep rates steady Bumi's to sell coal at $104/T to Japanese buyer Bhakti Investama buys Papua oil block C.bank says FX reserves at $71.4 bln Indonesia's Bumi hit by charges, outlook cloudy Hot Stocks-Banks rally on rate expectations Sumatra March coffee export drop 35pct y/y Indonesia's Medco to operate Libya's oil block Medco days to operate Libya oil block Hot Stocks-Bumi Resources falls after Q4 loss
(Reporting by Priscilla Liu, Janeman Latul and Telly Nathalia; Editing by Ed Davies)
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