Cheap auto parts go on sale soon JAKARTA (JP): The City Land Transportation Agency in cooperation with several car agents and part manufacturers will hold a six-month sale on auto parts for owners of public buses. The agency's chairman, Aip Sjarifudin, promised yesterday that spare parts would be sold for 30 percent less than market prices. The market operation will involve car agents Indomobil, Astra and Kramayudha, carmaker Mercedes, tire producer Intirub and batterymaker Yuasa.

Govt, IPB students discuss agribusiness development JAKARTA (JP): Coordinating Minister for People's Welfare and Poverty Eradication Haryono Suyono has held the first of a planned series of dialogs with students on how to overcome the economic crisis. A delegation of 17 students from the Bogor Institute of Agriculture (IPB), accompanied by their rector Soleh Solahuddin, presented to Haryono here yesterday their concept of a people- based agribusiness development program.

Moody's gives upbeat take on issuance record in '97 LONDON (Dow Jones): In a report published yesterday, Moody's Investors Service highlights the resilience and strength of Asian structured finance markets in the face of recent months' market turmoil and a generally cautious approach to the whole idea of securitization.

Asian turmoil hitting project finance debt LONDON (Reuters): Standard & Poor's reports this week Asia's financial problems may have a greater impact on project and infrastructure debt than other sectors given that these financings have fueled much of the region's earlier, phenomenal growth, and now will play a major role in any recovery.

Authorities vow to phase out red-light district JAKARTA (JP): The municipality will phase out the city's only officially recognized red-light district in Kramat Tunggak, North Jakarta, Deputy Governor for Welfare Affairs Djailani said yesterday. Prostitution will be eliminated gradually to prevent confusion for those living in the district or surrounding areas, he said without disclosing the steps to be taken. "I can't tell you now because we're still discussing it.

Intel improves services JAKARTA (JP): Intel Indonesia Corporation introduced yesterday its worldwide certification program designed to provide highly trained technical experts to help companies choose and implement Intel-based technology solutions. Intel's country manager Werner Sutanto said Intel's Certification Program would make the process of designing, servicing and supporting solutions easier and more reliable for both certified individuals and their customers.

Daimler-Benz hopes for Asia STUTTGART (DPA): Daimler-Benz expects to raise its Asia- generated revenues from their current level of eight per cent of the total to over 20 per cent within 10 years, company officials said yesterday. "Today it is about eight per cent of our revenues which are generated in Asia," Daimler-Benz board member Dieter Zetsche told reporters at the group's annual balance sheet press conference in Stuttgart.

Four more Sri Lankans arrested by police JAKARTA (JP): The Jakarta Police Foreigners Supervision Unit (POA) has arrested another four Sri Lankans for allegedly working without permits and having no passports, a police officer said yesterday. The four were arrested on Friday at a rented house in Kemayoran, Central Jakarta, the POA officer, who requested anonymity, said.