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ANPAf..r..
Brief-BAT-Pall-Mall
BAT to merge with Pall Mall
JP/14/brief

BAT to merge
with Pall Mall

JAKARTA: Publicly listed cigarette and tobacco company PT BAT
Indonesia, a local unit of U.S.-based British American Tobacco
Inc., is planning to merge with smaller rival PT Rothmans of Pall
Mall Indonesia this year to improve its performance.

In its report to the Jakarta Stock Exchange on Thursday, the
company said it was currently conducting a feasibility study over
the merger plan with its possible execution slated for this year.
BAT did not elaborate further on the plan.

BAT produces and distributes in Indonesia a number of leading
international cigarettes, including Lucky Strike, Dunhill,
Kansas, Ardath, 555, Benson & Hedges and Commodore. -- JP

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ANPAf..r..
Brief-Duta-Pertiwi
Duta Pertiwi receives loans from BNI
JP/14/brief

Duta Pertiwi gets
loans from BNI

JAKARTA: Publicly listed property company PT Duta Pertiwi
announced on Thursday that it had just signed a working capital
loan agreement with state-owned Bank Negara Indonesia (BNI) worth
US$28.5 million and Rp 352.7 billion (US$39.7 million).

The company reported to the Jakarta Stock Exchange that the
dollar-denominated loans carried an interest rate of 9 percent,
while the rupiah loans at 13.5 percent, with a maturing period of
five years on Dec. 22, 2009.

The company, which is part of the Sinar Mas Group
conglomerate, will cover the collaterals for the loans with its
two buildings, the Plaza BII office tower II and III, located on
Jl. Thamrin, Central Jakarta. -- JP

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ANPAf..r..
Brief-Danamon-tsunami
Danamon sees minimal losses from tsunami
JP/14/BRIEF

Danamon sees little
losses from tsunami

JAKARTA: Bank Danamon Indonesia, the country's fifth-largest
bank, does not expect significant losses from the damage caused
by last month's tsunami that destroyed Aceh and North Sumatra, a
bank official said on Friday.

As of December 2004, the bank's seven branches in Aceh and
Nias Island had extended Rp 59 billion (US$6.34 million) of
loans, I Dewa Made Susila, the head of Bank Danamon's investor
relations division, told Dow Jones.

"This shouldn't any material impact on the financial results
of the bank," he said.

Bank Indonesia has estimated that around half of overall Rp 4
trillion bank loans in the north Sumatra region are expected to
be irrecoverable. -- Dow Jones

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ANPAf..r..
Brief-Indofood-bond
Indofood fails in second bond buyback bid
JP/14/BRIEF

Indofood fails in
bond buyback bid

SINGAPORE: Indonesia's largest instant noodle maker, Indofood
Sukses Makmur on Friday failed to get bondholders' approval for
the repurchase of US$280 million in international bonds due 2007,
opening the way for a court bid to get consent for repayment,
company director Djoko Wibowo said.

In a previous announcement, Indofood said it would proceed to
the U.K. courts to seek the go-ahead to redeem the bonds at par
if bondholders failed to give their approval.

Holders of 42.8 percent of the bonds gathered in Singapore on
Friday morning, meeting the minimum requirement of a 25 percent
quorum, but only 21.64 percent of those represented voted in
favor of the buyback, far less than the 75 percent approval
needed.

Indofood was seeking the nod from bondholders to repay the
debt at 101 percent of face value. --Dow Jones