Indonesia Market factors to watch - Nov 6

JAKARTA, Nov 6 (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 [phone] or via email at [e-mail] or on Reuters messaging [e-mail]) 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) - Foreign ministry to hold a media briefing, 1000 (0300) PRESS DIGEST - POWER RESTRICTIONS FOR BUSINESS TO BE REMOVED The government plans to revoke a regulation obligating manufacturers to shift two working days a month to the weekend and non-manufacturers to cut power consumption by 20 percent, as three steam-generated power plants will start operating in 2010, said Jack Purwono, a director general at the energy and mining ministry. (Jakarta Post) - ELNUSA EYES 18 PCT REVENUE GROWTH IN 2010 Indonesian energy exploration firm PT Elnusa Tbk expects to increase its revenue in 2010 to 2.6 trillion rupiah ($273.7 million), up from an estimated 2.2 trillion rupiah this year. (Jakarta Post) - INDONESIA SETS ASIDE 1 TRLN RPH FOR REVAMPING SUGAR PLANTS The government has prepared 1 trillion rupiah to revitalise 33 sugar plants in 2010, part of the new administration's 100-day policy programme, Industry Minister MS Hidayat said. (Kontan) - PRESIDENT YUDHOYONO CALLS ON PARTIES INVOLVED IN WIRETAP SCANDAL TO BE REMOVED Indonesian President Susilo Bambang Yudhoyono has asked the chief of the national police and the attorney general to remove officials in recordings on wiretaps that appear to be implicated in a plot against the anti-corruption agency to help the investigation. (Kontan) - BENAKAT PETROLEUM APPOINTS BAHANA TO HELP UNDERWRITE IPO Indonesian oil drilling firm PT Benakat Petroleum Energy has appointed PT Bahana Securities to help underwrite its initial public offering (IPO), in which it plans to sell a stake of about 38.2 percent and to raise 800 billion rupiah, president director Arifin Wiguna said. (Kontan) MARKET SNAPSHOTS * Indonesia's index slightly edged down 0.2 percent on Thursday, with top coal producer Adaro Energy down 1.3 percent, state miner Aneka Tambang falling 2.1 percent and PT ATPK Resources over 6 percent lower. * U.S. stocks jumped on Thursday, pushing the S&P 500 up for a fourth day, as economic data boosted confidence in the recovery and strong results from Cisco Systems suggested a rebound in technology spending. * Oil fell nearly 1 percent to below $80 a barrel on Thursday, as doubts about a recovery in oil demand outweighed positive economic signals. * For global market news, click on * Malaysian crude palm oil futures edged down on Thursday as investors locked in some profit after a 3.8 percent rally a day before, taking their cues from a retreat in crude oil, traders said. * In Indonesia, the state marketing centre, based in Jakarta, sold 8,500 tonnes of palm oil at a top price of 6,523 rupiah per kg on Thursday, against 6,560 rupiah per kg on Wednesday. * 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 @ 2315 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 1066.63 1.92% 20.130 USD/JPY 90.75 0.08% 0.070 10-YR US TSY YLD 3.5274 -- 0.000 SPOT GOLD 1089.9 0.03% 0.350 US CRUDE 79.79 0.21% 0.170 DOW JONES 10005.96 2.08% 203.82 ASIA ADRS 122.66 1.35% 1.63 ------------------------------------------------------------- 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) JBIC to sign $1.6 bln loan for power projects Indonesian President's plans for first 100 days Indonesia President vows legal reform amid scandal Indonesia's police scandal is a chance for reform Indonesia c.bank receives no bids in reverse repo Indonesia law enforcers to resign over scandal ASIA MARKETS NEWS - For an outlook of Asian stock trading, click on - Asian currencies stuck in tight ranges on Thursday as investors awaited policy signals from major central banks, while Indonesia's central bank was spotted selling dollars to support the rupiah for the second day. - Southeast Asian stock markets were mostly lower on Thursday after a cautious economic outlook from the U.S. Federal Reserve, with Singapore heavyweights CapitaLand and SingTel coming under selling pressure, but Manila ended firm. ($1 = 9,500 Rupiah) (Reporting by Jakarta Newsroom) (([e-mail]; [phone]; Reuters messaging [e-mail]; bureau email [e-mail])) Keywords: INDONESIA FACTORS/ (If you have a query or comment on this story, send an email to [e-mail]) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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