Business finance news - currency market news - online UK currency markets - financial news

(AFX UK Focus) 2009-11-24 02:14 Indonesia Market factors to watch - Nov 24

Article layout: raw
JAKARTA, Nov 24 (Reuters) - Following is a list of events in Indonesia as well as news stories and press reports which may influence financial markets. (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, ALL TIMES LOCAL FOLLOWED BY GMT (The inclusion of diary items does not necessarily mean that Reuters will cover the event) Central bank and finance ministry to hold a news conference on Bank Century bail-out, 1430 (0730). Bakrie Telecom to launch a new product, Hard Rock Cafe Jakarta, 1130-1400 (0430-0700). PRESS DIGEST PRESIDENT MUST NOT IGNORE INDEPENDENT TEAM'S RECOMMENDATION Anti-graft watchdog Indonesia Corruption Watch said the president must not ignore the recommendations of the independent team to verify the legal processes and facts in the case of the two KPK officials Bibit Samad Rianto and Chandra Hamzah. (Kompas) BROKERAGE FIRMS NO LONGER HAVE TO MERGE - WATCHDOG Indonesia's stock market watchdog Bapepam has stopped urging brokerage firms to merge as market conditions have improved, said Bapepam chief Fuad Rahmany. (Kontan) JICA MAY FUND $2 BLN INDRAMAYU POWER PLANT Japan International Cooperation Agency (JICA) is interested in funding the development of a 2,000 megawatts steam-fired power plant in Indramayu which requires an investment of about $2 billion, said Bambang Praptono, director for planning and technology in state electricity firm PT PLN. (Bisnis Indonesia) PLN TO TENDER THREE NEW PROJECTS State electricity producer PT Perusahaan Listrik Negara said it would soon open the bidding for three new electricity industry projects to be financed by export credits. (Jakarta Post) STEEL INDUSTRY SALES LOSSES MAY REACH $256 MLN The steel pipe industry may suffer losses of up to $256 million by the end of this year as its total sales may plunge by 40 percent from last year, the Indonesia Iron and Steel Industry Association said. (Jakarta Post) DOMESTIC INVESTMENT DOUBLES AS CONFIDENCE CLIMBS The value of domestic investment doubled this year to 32.47 trillion rupiah ($3.44 billion) from 15.88 trillion in the same period in 2008, said Gita Wirjawan, the head of Investment Coordinating Board. (Jakarta Post) MARKET SNAPSHOTS INDONESIA EDGED DOWN 0.24 PERCENT, WITH ASTRA International down 0.3 percent and coal miner Bumi Resources down 2.7 percent after announcing another bond issue plan to finance acquisitions. U.S. STOCKS SNAPPED A THREE-DAY LOSING STREAK ON MONDAY AS stronger-than-expected home sales data fueled optimism while a weaker dollar boosted commodity-linked stocks. OIL PRICES ROSE SLIGHTLY ON MONDAY AS STRONG U.S. HOUSING data pressured the dollar and lifted expectations an economic rebound will bolster fuel demand. FOR GLOBAL MARKET NEWS, CLICK ON MALAYSIAN CRUDE PALM OIL FUTURES JUMPED AS MUCH AS 3.1 percent to a new 14-week high on Monday thanks to revived interest in commodity markets and fears that more rainy weather will curb output. IN INDONESIA, THE STATE MARKETING CENTRE, BASED IN JAKARTA, sold 12,500 tonnes of crude palm oil at the highest price of 7,260 rupiah per kg on Monday, against 7,018 rupiah per kg on Friday. TO SEE THE TOP NEWS ON INDONESIA'S ECONOMY CLICK ON . FOR A TAKE A LOOK ON THE CENTRAL BANK CLICK ON AND FOR THE BOND MARKET CLICK ON. ---------------------MARKET SNAPSHOT @ 2319 GMT ------------- INSTRUMENT LAST PCT CHG NET CHG `S&P 500 1106.24 -1.36 14.860` `USD/JPY 89.01 0.04 0.040` `10-YR US TSY YLD 3.3527 -- 0.000` `SPOT GOLD 1164.15 -0.15 -1.700` `US CRUDE 77.45 -0.14 -0.110` `DOW JONES 10450.95 1.29 132.79` `ASIA ADRS 123.12 0.57 0.70` ------------------------------------------------------------- FOR KEY GLOBAL ECONOMIC NEWS, SEE FOR TOP NEWS ON ASIAN COMPANIES FOR ECONOMIC FX RELATED NEWS, HIT FOR WHAT INVESTORS ARE SAYING ABOUT DEALS STOCKS - BUY OR SELL? IN THE NEWS, REUTERS INDONESIA (Click on) Indonesia,Newmont agree further 14 pct stake sale Indonesian bank bailout criticised by audit agency President urges police to drop graft case Indonesia Merukh files lawsuit over Newmont share Indonesia rejects "world's third-largest emitter" Indonesia central bank mulls capital controls Pertamina says Mitsui may agree lower JV stake Indonesia's Bulog may get sugar import monopoly Indonesia mining rule threatens investment drive Indonesia rupiah govt bond ownership as of Nov 20 Indonesia worried about asset bubbles -watchdog Bumi to raise $300 mln from convertible bonds Hot Stocks-Bumi shares down on bond concern ASIA MARKETS NEWS For an outlook of Asian stock trading, click on The Philippine peso and South Korean won led Asian currencies higher on Monday as the dollar drifted lower globally, while the Indonesian rupiah cut early losses, taking its cue from bullish sentiment offshore. Singapore's stock market climbed to its highest in 15 months on Monday, pushed up by financials such as DBS and United Overseas Bank, while selling in big-cap banks and energy shares dragged Thailand down to two-week lows. (Reporting by Tyagita Silka, Sonya Angraini, Olivia Rondonuwu) ((sara.webb@thomsonreuters.com; +6221 384 6364; Reuters messaging sara.webb.reuters.com@reuters.net; bureau email jakarta.newsroom@thomsonreuters.com)) Keywords: INDONESIA FACTORS/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Re-organisations, re-structurings, name changes, AGM, EGM Political news Stocks

Article layout: raw