Indonesia Market factors to watch - Nov 11
JAKARTA, Nov 11 (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)
- Deputy ministers for trade, transportation, public works, agriculture are due to be sworn in by the president, starting 0900 (0200).
- Second Annual Indonesia Telecoms International Summit, Hotel Mulia Senayan, 0900 (0200).
- Press conference by Transparency International Indonesia on transparency and accountability of political funds, Hotel Atlet Century, 1200 (0500)
- The central bank to hold its regular SBI auctions at 1400 (0500).
- Jambi Expo & Business Meeting 2009, Ballroom Timor Hall, Borobudur Hotel
PRESS DIGEST
- GOVT MAY PUSH STATE FIRMS TO BUY LOCAL GOODS
The government is considering issuing a regulation requiring state-owned companies to allocate 30-50 percent of their spending for the purchase of local goods to help boost the economy, said Industry Minister M.S. Hidayat. (Jakarta Globe)
- INDO TAMBANGRAYA DOUBLES NET PROFIT
Indonesian coal miner PT Indo Tambangraya Megah's (ITMG.JK: Quote, Profile, Research) nine-month net profit rose 104 percent to $265.8 million from a year ago, while revenue climbed 16.4 percent to $1.04 billion in the same period, corporate secretary Roslini Onwardi said. (Kontan)
- LONDON SUMATRA'S 9-MTH PROFIT DOWN 31.8 PCT
Indonesian plantation firm PT Perusahaan Perkebunan London Sumatra Tbk (LSIP.JK: Quote, Profile, Research) reported a 31.8 percent drop in nine-month net profit to 489.32 billion rupiah ($52 million) due to easing commodity prices. (Kontan)
MARKET SNAPSHOTS
* Indonesia's index fell 1.02 percent on Tuesday with coal miner Bumi Resources (BUMI.JK: Quote, Profile, Research) down 6.5 percent after it announced plans to increase its debt by raising $300 million from the sale of seven-year notes. [.SO]
* U.S stocks closed mostly lower on Tuesday as differing views on whether the market can build on recent gains stalled the S&P 500's six-day winning streak. [.N]
* Oil prices fell on Tuesday as the dollar firmed and energy companies began restoring offshore operations disrupted by Tropical Storm Ida. [O/R]
* For global market news, click on [MKTS/GLOB]
* Malaysian crude palm oil futures fell on Tuesday on fears that palm stocks in the world's number 2 producer may rise to a previous record above 2 million tonnes after climbing faster than expected in October, traders said. [POI/]
* In Indonesia, the state marketing centre, based in Jakarta, sold 11,000 tonnes of palm oil at a top price of 6,549 rupiah per kg on Tuesday, against 6,515 rupiah per kg on Monday. [OILS/TEND]
* To see the top news on Indonesia's economy click on [ID:nIDECONOMY]. For a take a look on the central bank click on [ID:nIDCENBANK] and for the bond market click on [ID:nIDBOND]. ----------------------MARKET SNAPSHOT @ 2324 GMT -------------
INSTRUMENT LAST PCT CHG NET CHG S&P 500 .SPX 1093.01 -0.01% -0.070 USD/JPY JPY= 89.74 -0.08% -0.070 10-YR US TSY YLD US10YT=RR 3.4781 -- 0.000 SPOT GOLD XAU= 1106.15 0.08% 0.850 US CRUDE CLc1 78.93 -0.15% -0.120 DOW JONES .DJI 10246.97 0.20% 20.03 ASIA ADRS 124.70 -0.72% -0.91 -------------------------------------------------------------- FOR KEY GLOBAL ECONOMIC NEWS, SEE [TOP/MACRO] FOR TOP NEWS ON ASIAN COMPANIES [TOP/EQA] FOR ECONOMIC FX RELATED NEWS, HIT [FXNEWS] FOR WHAT INVESTORS ARE SAYING ABOUT DEALS [DEALTALK/] STOCKS - BUY OR SELL? [BUYSELL/] IN THE NEWS, REUTERS INDONESIA (Click on [ID-RTRS]) Toba Pulp to invest $150 mln in capacity [ID:nJAK354244] Indonesia says delay in LNG talks with KOGAS [ID:nJAK462844] TABLE-Details of Indonesia's Q3 GDP growth [ID:nJAK409470] Indonesia raises 1.077 trln rph from sukuk sale [ID:nJAK487988] Indonesia GDP picks up, limited impact on rates [ID:nJAK418729] Hot Stocks-Bumi shares fall in bond news [ID:nJAK479706] INSTANT VIEW 4-Indonesia's GDP up 4.21 pct yr/yr[ID:nJAK324785] Bumi to raise $300 mln from secured notes [ID:nJAK474428] ASIA MARKETS NEWS - For an outlook of Asian stock trading, click on [STXNEWS/AS] - The Philippine peso and Thai baht hit multi-week highs against a broadly weaker dollar on Tuesday, but their gains were capped by suspected official intervention. [EMRG/FRX] - Singapore's shares climbed to their highest in three weeks and Malaysian stocks hit 17-month highs on Tuesday as palm oil firms such as Wilmar and Sime Darby extended gains amid optimism about the outlook for palm prices. [.SO] ($1=9400 Rupiah) (Reporting by Jakarta Newsroom)
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