Following are the leading business stories in the main Indonesian newspapers on June 26.
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).
Indonesian chemical company PT Duta Pertiwi Nusantara Tbk (DPNS.JK) said it plans to borrow $80-100 million from foreign banks to finance its expansion in the coal sector, and has appointed Merrill Lynch MER.N to handle the deal.
Indonesia’s energy ministry plans to sign a revision to a ministerial decree on coal bed methane mining, allowing new investors to bid for mining rights, which are currently exclusive only to contract land owners, a director at the ministry said.