UPDATE 1-Indonesia Market factors to watch - March 10

(adds press digest)

JAKARTA, March 10 (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 (TIMES IN LOCAL/GMT)

(The inclusion of diary items does not necessarily mean
that Reuters will cover the event)

- National Coordination Meeting on bird flu and influenza
pandemics by the National Committee for Avian Influenza and
Pandemic Influenza Preparedness, 0900 (0200)

- Indonesia Conference on Religion and Peace (ICRP) to host
Global Peace Leadership Conference, 0900-1700 (0200-1000)

PRESS DIGEST

- LAWMAKERS CONSIDER BOYCOTTING BUDGET HEARINGS

The chair of the parliamentary budget committee Hari Azhar
Azis said some committee members would refuse to meet Finance
Minister Sri Mulyani Indrawati, saying they had "lost faith" in
her after she was questioned by a parliamentary committee over
her role in the rescue of Bank Century. He also questioned the
need to raise electricity tariffs, as Indrawati had proposed.
(Jakarta Post)

- ACEH WAS TO BE BASE FOR SOUTHEAST ASIAN JIHADIST NETWORK

Aceh governor Irwandi Yusuf said a group of Islamist
militants uncovered by police in an Aceh forest were planning
to set up a Southeast Asian jihadist network. (Jakarta Post).

- NATURAL GAS TO FALL SHORT BY 23.3 PCT THIS YEAR

Evita Legowo, an official at the energy ministry, said high
demand for natural gas will create a deficit of 23.3 percent in
relation to supply in 2010. (Jakarta Post).

- PAMULANG GROUP SUPPLIED WEAPONS TO ACEH

National police spokesman Edward Aritonang said a group of
suspected terrorists from Pamulang, Banten, which was uncovered
by police on Tuesday, had been supplying weapons and supporting
funds for its network operations in Aceh. (Koran Tempo)

- BUKIT ASAM EYES FREEPORT STAKE

State coal producer PT Tambang Batubara Bukit Asam Tbk
(PTBA.JK: Cotización) is considering buying a 9.36 percent stake in PT
Freeport Indonesia, the Indonesian unit of U.S. mining giant
Freeport McMoRan Copper & Gold (FCX.N: Cotización), said President Director
of Bukit Asam Sukrisno. (Kontan)

- ASTRA AGRO REVITALIZE PALM TREES

PT Astra Agro Lestari Tbk (AALI.JK: Cotización), Indonesia's largest
listed plantation firm, will revitalise its palm oil plantation
in Riau province, said Investor Relations Tjahyo Dwi Aryanto.
Analyst Herman Koeswanto predicts that the plan will slow down
Astra Agro's crude palm oil product growth because mature
plants will be replaced with young plants. (Kontan)

- SEMEN GRESIK TO PAY 50 PCT DIVIDEND

Indonesia's largest cement producer, PT Semen Gresik Tbk
(SMGR.JK: Cotización) will pay dividends worth 50 percent of its profit, or
around 1.65 trillion rupiah ($179.5 million) from its net
profit of 3.3 trillion rupiah in 2009, said company secretary
Sunardi Prionomurti. (Kontan)

- BNI TO GO AHEAD WITH RIGHTS ISSUE

President Director of PT Bank Negara Indonesia (BBNI.JK: Cotización)
Gatot M. Suwondo said the state-owned lender will conduct a
rights issue to expand the bank. The Indonesian parliament,
coordinating economics minister and finance minister have all
consented to the plan, he said. (Kontan)

- PT TIMAH SEEKS TO REDUCE DIVIDEND PAYOUT

Tin producer PT Timah (TINS.JK: Cotización) has asked the Ministry of
State Enterprises to decrease the percentage of dividend payout
in 2009 to 30 percent from 50 percent, said President Director
Wahid Usman. (Kontan)

- BNI LIFE TO FINALISE ACQUISITION

PT BNI Life Insurance is aiming to finalise its acquisition
of insurance companies by the third quarter of this year, said
President Director Lilies Handayani. (Bisnis Indonesia)

- ANGKASA PURA PROFITS HIT 518.2 BLN RPH

State airport operator PT Angkasa Pura I recorded profit of
518.2 billion rupiah ($56.39 million) and revenue of 1.86
trillion rupiah, said spokesman Ahmad Munir. (Bisnis Indonesia)

- STATE RAIL FIRM EYES CONTRACT WITH WILMAR GROUP

State rail firm PT Kereta Api is aiming to sign a long-term
contract with Wilmar Group to transport its crude palm oil
products in Sumatra and Java, said PT KA's commercial director
Sulistyo Wimbo Hardjito. (Bisnis Indonesia)

- INDONESIA'S TELKOM NEEDS UP TO 7 TRLN RPH LOANS

PT Telekomunikasi Indonesia (Telkom) (TLKM.JK: Cotización) needs up to
7 trillion rupiah ($761.7 million) in loans for supporting its
capital expanditure and debt payment, said president director
Rinaldi Firmansyah, adding about 4 trillion rupiah will be
accepted from four banks and 2 trillion rupiah from bonds.
(Investor Daily)

- BHAKTI INVESTAMA PLANS TO SELL 10 PCT SHARES

Investment banking firm PT Bhakti Investama (BHIT.JK: Cotización) plans
to sell 10 percent of its shares to support its acquisition
planned in mining sector, said director Hary Djaja. (Investor
Daily)

- INDONESIA'S TAX REVENUE UP 11.1 PCT UNTIL FEB 2010

Government received 75 trillion rupiah ($8.16 billion)
income from tax within two months, January and February 2010,
up 11.1 percent from the same periode in 2009, said Mochmad
Tjiptardjo, the director general of taxation. (Investor Daily)

LATEST STORIES ON:

* Indonesian stocks .......... [.JKSE]

* Southeast Asian stocks ..... [.SO]

* Asian stocks preview ....... [STXNEWS/AS]

* Asian currencies ........... [ASIA-EMRG/FRX]

* U.S. stocks . [.N]

* Oil prices .. [O/R]

* Global markets ............. [MKTS/GLOB]

* Malaysian crude palm oil ... [POI/]

* Indonesian palm oil ........ [OILS/TEND]

* Indonesian economy ......... [ID:nIDECONOMY]

* Indonesian central bank .... [ID:nIDCENBANK]

* Indonesian bond market ..... [ID:nIDBOND]

* Global economy ............. [TOP/MACRO]

* Key Asian companies ........ [TOP/EQA]

* Key currencies ............. [FXNEWS]

* Major deals of interest .... [DEALTALK/]

* Stocks to buy or sell ...... [BUYSELL/]
----------------MARKET SNAPSHOT @ 2319 GMT ----------------

INSTRUMENT LAST PCT CHG NET CHG S&P
500 .SPX 1140.45 0.17 1.950 USD/JPY

JPY= 89.98 0.04 0.040 10-YR US TSY
YLD US10YT=RR 3.7005 -- 0.000 SPOT GOLD
XAU= 1121.55 0.04 0.400 US CRUDE
CLc1 81.29 -0.25 -0.200 DOW JONES
.DJI 10564.38 0.11 11.86 ASIA ADRS
130.47 -0.07 -0.09
----------------------------------------------------------- IN
THE NEWS, REUTERS INDONESIA (Click on [ID-RTRS]) Indonesia's
fin min vows to continue reform [ID:nJAK447688] Fin min
sees investment grade within a yr [ID:nJAK439486]
Indonesia believes has killed top wanted
militant[ID:nJAK536864] Indonesia sukuk auction

[ID:nJAK30900 ] Astra International extends gains

[ID:nJAK505542] Japan to lend Indonesia power projects
$943 mln [ID:nJAK516654] Chugging through Java on the only
steam train [ID:nSGE62806J] Indonesia signs LNG supply deal
wt Chubu Electric[ID:nJAK376104]
($1 = 9,190 rupiah) (Reporting by Sunanda Creagh, Priscilla
Liu and Telly Nathalia; Editing by Ed Davies)