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Asia Top News and Analysis Indonesia

  • SINGAPORE, Oct 12- U.S. crude rose towards $93 a barrel on Friday, supported by escalating tensions between Turkey and Syria and supply disruptions at North Sea oil fields. climbed 25 cents to $92.32 a barrel in early Asia trading, after gaining nearly a dollar the previous session.

  • *Bakries propose $1.3 billion deal to buy back assets* Propose unwinding of Bumi Plc* Bumi shares soar over 40 pct after split proposed* Rothschild sees "challenges" even after Bakrie exit By Janeman Latul and Clara Ferreira-Marques.

  • Oct 11- Walt Disney Co, the world's biggest publisher of children's books, said on Thursday it changed its purchasing policies to reduce paper use and avoid paper harvested from endangered forests.

  • *Propose unwinding of Bumi Plc. SINGAPORE/ LONDON, Oct 11- Indonesia's powerful Bakrie family has proposed splitting from financier Nat Rothschild and Bumi Plc, the London- listed miner they co-founded two years ago, after news of an inquiry into possible wrongdoing strained their already tense relations.

  • LONDON, Oct 11- West African crude oil differentials held steady on Thursday, supported by several outstanding Asian tenders, which traders said could absorb up to four cargoes from the region. *Around 15 cargoes of Nigerian crude oil remained unsold for lifting in November, including Qua Iboe, Bonny Light, Bonga, and Forcados.

  • *Propose unwinding of Bumi Plc. SINGAPORE/ LONDON, Oct 11- Indonesia's powerful Bakrie family has proposed splitting from financier Nat Rothschild and Bumi Plc, the London- listed miner they co-founded two years ago, after news of an inquiry into possible wrongdoing strained their already tense relations.

  • *Europe still biggest drag on world growth. LONDON, Oct 11- Next year offers only a slight improvement for a global economy hit by recession in Europe and slowing or moribund growth in Asia and the United States, according to Reuters polls of hundreds economists worldwide.

  • Oct 11- Cotton prices extended losses in early trade on Thursday after the U.S. government raised its inventory forecast for the season to end-July 2013 to a new record of close to 80 million 480- lb bales, reinforcing concerns about falling demand from China, the world's largest textile market.

  • LONDON, Oct 11- Financier Nat Rothschild, one of the founders of coal miner Bumi Plc, said on Thursday he saw challenges for the company even after the exit of Indonesia's powerful Bakrie family, with ownership remaining concentrated.

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  • SINGAPORE/ MANILA, Oct 11- DBS Group, Southeast Asia's largest lender, is selling more than half of its $1.3 billion stake in Bank of Philippine Islands. to Ayala Corp, a source familiar with the deal told Reuters on Thursday.

  • *Propose unwinding of Bumi Plc. SINGAPORE/ LONDON, Oct 11- Indonesia's powerful Bakrie family has proposed splitting from financier Nat Rothschild and Bumi Plc, the London- listed miner they co-founded two years ago, after news of an inquiry into possible wrongdoing strained their already tense relations.

  • BANGKOK, Oct 11- Stocks in Malaysia, the Philippines and Vietnam slipped in light trade on Thursday, led by blue-chip stocks such as Axiata Group Bhd. Singapore recouped earlier losses, helped by late buying in beaten-down large caps, with the benchmark Straits Times Index.

  • By Rieka Rahadiana and Adriana Nina Kusuma. JAKARTA, Oct 11- Indonesia's central bank held its benchmark rate steady at a record low for an eighth consecutive month and said the economy was still growing well, though it conceded domestic demand was slowing.

  • SINGAPORE/ LONDON, Oct 11- Indonesia's powerful Bakrie family has proposed a parting of ways with financier Nat Rothschild and Bumi Plc, the London- listed coal conglomerate they co-founded two years ago, after frayed tempers over allegations of financial irregularity.

  • JAKARTA, Oct 11- Full text of Bank Indonesia's policy statement, translated by Reuters. Bank Indonesia will continue to strengthen coordination with government in managing domestic demand and improving balance of payments in line with the effort to maintain macroeconomic stability and sustain national economic growth.

  • *Vietnam's new crop offered at $30 below London. SINGAPORE, Oct 11- Trading houses offered beans from Vietnam's new crop at discounts to London futures this week, but Indonesian robustas returned to premiums despite a lack of interest from roasters, dealers said on Thursday.

  • JAKARTA, Oct 11- Bumi Resources sees a proposal to part ways with London- listed coal conglomerate Bumi Plc as a positive development for both sides, a company director said on Thursday. "The development appears positive and a likely all round win-win," said Bumi Resources director and corporate secretary Dileep Srivastava.

  • SINGAPORE/ LONDON, Oct 11- Indonesia's powerful Bakrie family has proposed a parting of ways with London- listed coal conglomerate Bumi Plc, the group they co-founded with financier Nat Rothschild, offering to take back the Indonesian assets they brought less than two years ago.

  • JAKARTA, Sept 13- Indonesia's central bank held its benchmark rate on Thursday at a record low 5.75 percent for an eighth consecutive month, as forecast, as the country maintained strong growth despite a global economic slowdown.