[Kabar-indonesia] 18 RI Biz/Econ Reports: Excise Tax; Bakrie to Acquire Lativi; Palm Oil [+JSX/Rp]

[JoyoNews at aol.com]

18 RI Biz/Econ Reports:

- Indonesia Jan-July excise tax
    receipts 20.17 trln rupiah
    52 pct of FY target
- Indonesia's Bakrie family 
    to acquire Lativi - report
- Indonesia Stocks End Up 
  Ahead Of Anticipated Rate Cut
- Indonesia Rupiah Ends Up 
    On Dlr's Slide Vs Major Rivals
- Indonesia's Noble Finance 
    assigned 'BBB-' national 
    long-term rating - Fitch
- Malaysia's AirAsia June 
    passenger numbers up 
    63.5 pct yr-on-yr
- Malaysia's AirAsia sets 
    2007 passenger target 
    of 15 mln - report
- JP: Research firm to sign deal
- India Press: SBI May Call Off 
    Bk Deals In Indonesia, Kenya
- S. Korea Hancobi to build factory 
    in Indonesia
- S. Koreas's Korindo to invest 
    US$222 mln in Indonesian 
    plantations
- JP: 500 companies showcase 
    products for export at PPI Expo
- Indonesia still importing 1.2 million 
    tons of soybean annually
- Indonesia still facing EU embargo 
    threat on fishery products
- Indonesian palm oil down on rupiah,
    slow
- Indonesia CPO producers expect 
    price rise to continue next yr on 
    growing demand
- Indonesia's natural rubber exports 
    rise in Jan-May
- Asian Rubber Futures Settle 
    Lower OnTocom Rubber's Fall

Indonesia Jan-July excise tax receipts 
20.17 trln rupiah; 52 pct of FY target

JAKARTA, August 7 (XFN-ASIA) - The Ministry of Finance collected 20.17
trln rupiah in excise taxes in the seven months to July, with about 97
pct of this coming from cigarette sales taxes, said Frans Rupang,
excise director at the ministry.

The excise tax so far collected represents 52 pct of the government's
full-year target.

Import duties collected over the same period totaled 6.68 trln rupiah, he 
said.

The government has raised the full-year excise revenue target to 38.5
trln rupiah from an initial forecast of 36.5 trln.

The excise tax was partly boosted by a 10 pct increase in the minimum
retail price for cigarettes, effective April 1. The minimum price is
the base price for excise tax calculation.

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Indonesia's Bakrie family to acquire Lativi - report

JAKARTA, August 7 (XFN-ASIA) - Bakrie family, the owner of TV station
ANTV, is to acquire a controlling stake in competitor PT Lativi media
Karya by repaying the latter's non-performing debt to PT Bank Mandiri,
Bisnis Indonesia reported, citing an unnamed source.

Bakrie has made an initial payment of 59 bln rupiah to Bank Mandiri,
the report said.

It said Bank Mandiri has requested Lativi to settle outstanding
non-performing loans worth 327.78 blnrupiah in the third quarter of
this year.

The report quoted Lativi president Harun Kusuwardhono as saying that
talks with Bakrie are ongoing and that both sides expected to close
the deal this month.

He, however, would not confirm if Bakrie has made an initial payment.

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Indonesia Stocks End Up Ahead Of Anticipated Rate Cut

JAKARTA, August 7 (Dow Jones)--Indonesia shares closed higher Monday
led by further gains in bank and telecommunication blue chips amid
expectations that Bank Indonesia will Tuesday cut its key interest
rate, dealers said.

"Our market bucked the bearish trend in Asia. This showed that
expectations for a lower interest rate were high," said a trader with
Paramitra Securities.

The central bank's board of governors will meet Tuesday to decide a
new interest rate policy. Analysts expect a 50-basis-point cut to
11.75%.

The Jakarta Stock Exchange Composite index ended up 14.137 points, or
1%, at 1403.490.

Gainers led decliners 60 to 48, with 79 stocks unchanged.

State-owned banks extended gains. Bank Mandiri, the nation's largest
lender by assets, rose 7.1% to IDR2,120; Bank Negara Indonesia, the
second largest bank, gained 2.6% to IDR1,170; and Bank Rakyat, the
fourth largest, ended up 1.2% at IDR4,375.

Dealers also attributed buying in these state-owned banks to
expectations that the government will later this month issue a new law
on non-performing loans, which will allow the bank to dispose and
restructure their bad debt.

Bellwether Telekomunikasi Indonesia rose 1.9% to IDR8,050 and rival
Indosat gained 2.9% to IDR4,375 on expectations of solid 2006 earnings
as a lower interest rate would help support economic growth and
improve consumer purchasing power.

Also higher was coal miner Batubara Bukit Asam, which rose 4.3% to
IDR4,650 on expectations that it would benefit from the government's
plan to build as many as 24 coal power plants over the next three
years.

On the downside, food producer Indofood fell 2.9% to IDR1,020 on fears
it will delay its plan to sell a stake in its palm oil division
through an initial public offering later this year.

Overall, volume was 1.39 billion shares valued at IDR1.98 trillion,
compared with 1.23 billion shares valued at IDR1.47 trillion Friday.

Looking ahead, dealers expect shares to trade higher Tuesday on
further buying in bank and telecommunication blue chips.

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Indonesia Rupiah Ends Up On Dlr's Slide Vs Major Rivals

JAKARTA, August 7 (Dow Jones)--The Indonesian rupiah ended slightly
higher Monday thanks to the dollar's bearishness against other major
rivals, dealers said.

However, dollar demand from local importers trimmed the rupiah's gains.

'Local companies, mostly importers, lined up their dollar buying
orders around IDR9,045-IDR9,050,' a dealer with a foreign bank said.

The dollar closed at IDR9,070, versus its close Friday at IDR9,085.
The greenback fell to an intraday low of IDR9,045 earlier in the day
as the dollar weakened against the Japanese yen to below Y115.

Dealers said that most market participants chose to stay on the
sidelines, awaiting Bank Indonesia's move on interest rates Tuesday.

The central bank is widely expected to cut its one-month key rate by
50 basis points to 11.75% as inflationary pressure seem to ease.

'The next thing that the market wants to hear is a statement from Bank
Indonesia (about) if it sees its key rate falling to single digits at
the end of the year,' a dealer with a foreign bank said.

The dealer said that capital inflows to the local stock and bond
markets will resume if the rate is predicted to fallbelow 10% at year
end, and it will help the rupiah.

Dealers expect the dollar to trade between IDR9,000 and IDR9,100 Tuesday.

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Indonesia's Noble Finance assigned 'BBB-' national long-term rating - Fitch

JAKARTA (XFN-ASIA) - Fitch Ratings has assigned a national long-term
rating of 'BBB-' and its 'B' long-term local currency issuer default
rating (IDR) to Indonesia's Noble Finance B.V.

The outlook for the ratings is stable.

At the same time, the agency also assigned an expected rating of
'BBB-' to the proposed 240 mln usd secured notes due 2011 issued by
Noble. The final ratings are contingent upon receipt of documents
conforming to information already received.

On July 13, Fitch assigned a 'B' long-term foreign currency IDR to
Noble, along with an expected rating of 'B' and an expected Recovery
Rating of 'RR4' to the proposed notes.

Noble's rating reflects the high financial leverage of the guarantors,
some currency mismatch between their revenues and debt, a degree of
property concentration risk and some refinancing risk at the maturity
of the notes, the rating agency said.

PT Mulia Intipelangi, owner of Mall Taman Anggrek; PT Mulia
Intanlestari, owner of Hotel Mulia Senayan; and PT Sanggarcipta
Kreasitama, owner of the Wisma Mulia office building, will
collectively guarantee the interest and principal payment of the
notes.

The guarantors are affiliates of the Mulia group and the three
properties are managed by PT Mulia International, a property
management company within the group.

Fitch has said that Noble's debt servicing is dependent on cash flows
from only three properties, increasing the risk of default in the
event of curtailment of flows from any one of them.

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Malaysia's AirAsia June passenger numbers up 63.5 pct yr-on-yr

KUALA LUMPUR, August 7 (XFN-ASIA) - AirAsia Bhd said its passenger
numbers for the month of June rose 63.5 pct year-on-year to 930,921
from 569,417 a year earlier.

In a statement, it said its passenger numbers grew by 59.9 pct
year-on-year in the fourth quarter to June to 2.79 mln compared with
1.74 mln a year earlier.

AirAsia said the fastest growing market was Indonesia with a 164.5 pct
year-on-year increase in the month of June followed by Thailand with
90 pct and then Malaysia with 41.1 pct.

For the fourth quarter, it said passenger numbers for Indonesia grew
by 186.2 pct, with Thailand up 88.3 pct and Malaysia up 34.9 pct.

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Malaysia's AirAsia sets 2007 passenger target of 15 mln - report

KUALA LUMPUR, August 7 (XFN-ASIA) - AirAsia Bhd has set a 2007
passenger target of 15 mln, well above the nine mln projected for
2006, due to stepped-up promotions for Visit Malaysia Year, the Edge
daily reported, quoting chief executive officer Tony Fernandes.

Fernandes said greater demand for low-fare air transport is projected
as tourist arrivals are seen rising to 20 mln next year from 17 mln
seen in 2006.

Of the targeted 15 mln passengers, AirAsia expects three mln to come
from Indonesia, he said. Malaysia is expecting two mln passengers from
Indonesia in 2006.

'We are very bullish with Indonesia, theres lots to see, theres lots
to do,' he said, adding AirAsia is seeking daily flights to Pekan Baru
and is applying to fly to Jogjakarta.

AirAsia is also seeking to serve Palembang, Indonesia.

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The Jakarta Post
August 7, 2006

Research firm to sign deal

JAKARTA: London-based research firm Oxford Business Group and the
Indonesian Investment Coordinating Board (BKPM) are set to sign a deal
to create the first edition of the Emerging Markets Series in
Indonesia.

The group said a memorandum of understanding would be signed on
Monday. The deal would cover a partnership with the board to arrange a
250-page report on Indonesian investment opportunities.

OBG is a publishing, research, and consultancy firm that specializes
in economic country intelligence in emerging markets around the world.

Emerging Indonesia 2007 will provide comprehensive overviews and
analysis of Indonesia's political and macroeconomic environment, and
review events and trends in all the major economic sectors.

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India Press:SBI May Call Off Bk Deals In Indonesia, Kenya

NEW DELHI, August 6 (Dow Jones)--State Bank of India (500112.BY),
India's largest commercial bank by assets, may call off the
acquisition of two banks in Indonesia and Kenya, the Economic Times
reported, citing an unnamed bank official.

Government-run State Bank had signed agreements last year to buy 76%
of PT Bank IndoMonex Bank in Indonesia and 60% equity in Giro
Commercial Bank of Kenya.

The total cost of acquisition for both the banks was about $10
billion, though no money was paid by State Bank.

State Bank may call off the deals after due diligence indicated they
will bring no value to the bank, the paper said, citing the official.

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S. Korea Hancobi to build factory in Indonesia

JAKARTA, August 7 (Asia Pulse/Antara) - South Korean plastic container
producer Hanacobi is planning to establish stores in Jakarta and build
a factory in nearby area as part of its expansion program.

Hanacobi President Kim Joon Il said he wanted his firm's product
Lock&Lock to grow faster in Indonesia than the current 30 per cent
annual growth.

"Indonesia is a market with a lot of potential for us as it has a huge
population," Kim said.

He said that in China sales of the company's products which include
highly durable fruit, vegetables, meat and cake containers grew faster
by 50 per cent a year.

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S. Koreas's Korindo to invest US$222 mln in Indonesian plantations

JAKARTA, August 7 (Asia Pulse/Antara) - South Korea's Korindo Group
will make new investment of Rp2 trillion (US$222 million) to build
500,000 hectares of plantation forests in Indonesia.

Forestry Minister M.S. Kaban, who just returned from South Korea, said
an implementation team will be set up next month to study potential
areas where the plantation forest will be built.

Kaban said Korean investors are expected to take part in the
government's program to speed up development of 8 million hectares of
plantation forests in the country

Director General for Forestry Production Hadi. S. Pasaribu said he is
optimistic Korindo will carry out its project as it is difficult for
Korean timber processing companies to find land for such investment in
Korea..

He said Indonesia is still a favorite place for business expansion by
foreign forestry companies

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The Jakarta Post
August 7, 2006

500 companies showcase products for export at PPI Expo

The Jakarta Post, Jakarta

As part of government efforts to promote Indonesian products among
both domestic and overseas buyers, the Industry Ministry will hold a
major industrial exhibition in Jakarta this week.

The eight-day Indonesian Products Exhibition (PPI Expo), which opens
Monday at the Jakarta Fairground, will be participated in by more than
500 companies from various sectors.

Organizing committee chairperson Rifana Erni said Friday in Jakarta
that the exhibition, one of the largest industrial exhibitions to be
held this year, would showcase a wide range of the country's
export-oriented products.

"The expo will present the latest Indonesian products from different
kinds of industries to both foreign and local buyers," she said.

PPI Expo, first held in 2003, is organized every three years as part
of the Industry Ministry's program to promote Indonesian products.

"The exhibition is also important for local buyers to witness for
themselves the latest progress in our industries and to realize that
many of our products are better than imported ones," she said.

The exhibition will be open from 10 a.m. to 8 p.m. and there will be
no entrance fee.

According to Rifana, 515 participants representing government offices,
state enterprises and private companies have confirmed their
participation at the exhibition, which will have 773 booths.

Besides displaying products for export markets such as textiles,
garments, computers, processed foods and beverages, motorcycles and
cars, the expo will also showcase the country's important commodities
such crude palm oil, coffee and pulp.

"A number of government offices will also take part in the expo to
display publications on industrial and investment policies as well as
potential investment destinations in the country," she added.

In tandem with the exhibition, the State Ministry for Research and
Technology will hold an Exhibition on Research, Innovation and
Technology.

"The ministry will display the latest technology in alternative
energy, biofuel and ethanol," Rifana said.

She said that more than 100 businesspeople from 13 countries including
France, China, India and South Korea would attend the exhibition which
will also be held in the 11,526 square-meter fairground.

She said, however, that the committee had not set a sales target.

"We are prioritizing quality over quantity. The more visitors who
come, the more people will understand about the capability of local
industries," she said.

Transactions at the fourth exhibition in 2003 reached more than Rp 50
billion (US$5.5 million)

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Indonesia still importing 1.2 million tons of soybean annually

JAMBI, August 7 (Asia Pulse/Antara) - Indonesia still needs to import
1.2 tons of soybeans annually to meet domestic demand standing at some
2 million tons, an official said.

Mukhlizar Mulkan, the Agriculture Ministry's director for bean and
tuber affairs, said here on Saturday Indonesia's soybean production
only reached 0.8 million tons per year while annual domestic demand
totalled 2 million tons costing Rp3 trillion (US$330 million).

The only way to reduce Indonesia's dependence on soyabean imports was
to intensify its food self-sufficiency program especially in soybeans,
he said, adding that the country mostly imports soybeans from the
United States.

He said the central government in 1995 chose Jambi as the location of
a national soybean intensification project which reached a production
high of 14,966 tons.

Thus, Jambi would be the location for the so-called "Sumatra soybeans
belt" funded through the state budget, Mukhlizar added.

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Indonesia still facing EU embargo threat on fishery products

JAKARTA, August 7 (Asia Pulse/Antara) - Indonesian fishery companies
are worried that the European Union will impose an embargo on the
country's fishery products due to their poor quality.

The Association Of Fishery Companies (Gappindo) said the EU Commission
for General Health and Consumer Protection will send a delegation to
the country next month before it makes a final decision.

The commission will evaluate its earlier decision to enforce an
embargo on Indonesian fishery products, the association chairman
Johannes Kitono said.

Earlier, Maritime and Fisheries Minister Freddy Numberi was quoted as
saying the EU had decided not to impose the embargo.

Kitono, however, expressed concern that if the government failed to
show a significant step toward improving the quality of its fishery
products, the EU would maintain the embargo.

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Indonesian palm oil down on rupiah, slow

JAKARTA, August 7 (Reuters) - Indonesia's palm oil prices softened on
Monday after days of rallying as the rupiah gained ground against the
dollar, but trading was quiet on a lack of fresh supply and demand
news, traders said.

Crude palm oil prices at the state marketing centre's auction, which
sells palm oil from state plantations, were quoted at 4,331 rupiah
($0.478) per kg, down from 4,375 rupiah on Friday.

"Malaysia gained today, but the strengthening rupiah against the
dollar has lowered prices," an official at the centre said.

The rupiah <IDR=> was quoted at 9,065 per dollar late on Monday, up
from 9,090 on Friday.

There was no auction in North Sumatra's Medan, the key port for palm
oil exports on Monday, suggesting low trading interest.

"It's quiet today, most traders are still waiting and watching the
(Malaysian) prices movement, they will probably return to the market
on Tuesday," a Medan-based trader said.

Malaysia's crude palm oil futures rose by midday on Monday fuelled by
strong demand and higher soybean prices, with the benchmark
third-month October <KPOV6> contract on the Bursa Malaysia Derivatives
up 15 ringgit at 1,626 ringgit ($445) a tonne.

In Jakarta, cooking oil was down at 4,940 rupiah per kg from 4,975
rupiah on Friday.

Low demand also slowed trading in the export market, with no deals
reported for immediate shipments.

Offers for August and September shipments were unchanged at $450 and
$447.5 a tonne respectively, free on board Belawan, while buyers bid
at $442.5.

"Players are still waiting for further news on China's plan to expand
its biofuel industry," another trader in Medan said.

China, one of the world's major palm oil buyers, plans to develop its
biofuel industry in response to soaring crude oil prices.

A recent project by China's Dalian Institute of Physical Chemistry and
offshore oil and gas producer CNOOC Group expects to process an
estimated two million tonnes of palm oil a year.

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Indonesia CPO producers expect price rise to continue next yr on growing 
demand

JAKARTA, August 7 (XFN-ASIA) - The rise in crude palm oil (CPO) prices
is expected to continue until next year on growing demand, said
Indonesian Palm Oil Producers Association (Gapki) chief Derom Bangun.

"There are several factors that will keep prices high, including
biodiesel development in some countries," Bangun told XFN-Asia.

The steady rise in CPO prices is also attributable to CPO demand from
the US which is picking up, and to demand for substitute soya
oil-based partially hydrogenated oils following implementation of
compulsory trans fatty acid (TFA) labeling early this year.

CPO prices averaged 436 usd per ton in the first three months of this
year and at 438 usd in the first half to June. Last Friday the CPO
price was quoted at 502.50 usd per ton.

"Of course at some point the price will drop as part of normal
fluctuation, but the trend (we see) is that the price will be higher
next year," he said, without giving any precise price forecast.

Tjahyono Dwi Arianto, corporate secretary of CPO producer PT Astra
Agro Lestari, agrees with this view but said that unlike the price of
crude oil or other commodities, CPO prices are not so volatile.

"It is going up slowly but the rise is sustainable," he said.

As for biodiesel development, he said a number of companies have begun
to produce biodiesel on a small scale in Malaysia and Indonesia, while
bigger projects are still being planned.

He said other countries like Germany and the Philippines have also
launched their own projects to develop biodiesel using canola oil in
Germany and coconuts in the Philippines as raw material.

"They do not use CPO at this stage but as a result of using canola and
coconut oil, CPO demand will increase as a substitute for cooking
oil," he said, adding that CPO prices in the Philippines are even
lower than coconut prices.

Indonesia and Malaysia are the world's largest CPO producers, with
each accounting for 43 pct of world CPO production which is expected
to reach 36.5 mln tons this year from 33.6 mln in 2005.

Citing an industry report, Astra Agro has said world CPO production is
projected to grow by a modest 3 pct to 37.6 mln tons next year.

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Indonesia's natural rubber exports rise in Jan-May

JAKARTA, August 7 (Asia Pulse/Antara) - Indonesia exported 894,195
tons of natural rubber in the first five months of this year, up 9.03
per cent from 820,195 tons in the same period last year, an industry
spokesman said.

"World demand for natural rubber has risen significantly over the past
few years," Suharto Monggokusumo, executive director of the Indonesian
Rubber Producers Association (GAPKINDO), said here on Friday.

He said the world rubber market had increased its demand for ribbed
smoked sheets (RSS) rubber, technically specified rubber (TSR) and
latex.

Demand was high because the world economic growth has begun to improve.

The United States economy for example has been improving since 2004.

He said that in 2005, US demand for rubber reached 669,000 tons, an
increase of 6.5 per cent over the previous year when the figure was
628,000 tons.

Japan's demand for rubber in the same year was recorded at 261,000
tons, up from 225,000 tons in 2004.

In the meantime, rubber tyre maker PT Gajah Tunggal Tbk (GT)
(JSX:GJTL) said recently that its net profit in the first semester of
2006 declined by 38.2 per cent to Rp 126 billion as a result of an
increase in the prices of raw materials.

"The decline is caused by increases in the prices of rubber and crude
oil," PT Gajah Tunggal Tbk financial director Catherina Wijaya told an
Indonesian Investors' Forum in Jakarta.

She said that while the company's net profit was down, its overall
tyre sales in the first semester of 2006 increased by 15.6 per cent
from Rp 2.29 trillion in the same period of last year to Rp2,65
trillion in the same period this year.

"Noticing the sluggish automotive business in Indonesia following the
world oil price hike, we have turned to the overseas market,"
Catherina said.

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Asian Rubber Futures Settle Lower On Tocom Rubber's Fall

SINGAPORE, August 7 (Dow Jones)--Asian rubber futures settled lower
Monday, led by an unexpectedly sharp drop in Tokyo Commodity Exchange
rubber futures.

Tocom rubber futures fell sharply at the open and remained there for
most of the day, despite a recovery in energy futures and steady gains
in gold futures, traders said.

Traders were at a loss to explain the extent of Monday's fall,
speculating that a sharp drop in Thai raw material prices may have
prompted some profit-taking by trading houses, which then triggered
sizable cut-loss selling by day traders.

"It would have to be cut-loss selling. A lot of speculators got caught
on the upward rebound and they bought long, and now it's come down
again," a Singapore-based trader said.

The benchmark January RSS3 contract finished Y8.1 lower at Y263.6 a kilogram.

The price of unsmoked sheet rubber at the Thai Central Rubber Market
fell to THB76.80/kg from THB80.06/kg Friday, mostly because of an
increase in supply.

Traders said sentiment is bearish for the short term. The benchmark is
expected to test key support at Y260/kg, which should reveal whether
or not the market is oversold at the moment, the Singapore trader
said.

Total trading volume rose to 178,365 tons from 142,885 tons Friday.

Rubber futures on the Osaka Mercantile Exchange fell, tracking Tocom.
The benchmark January RSS3 contract finished at Y264/kg, down Y7.5.

RSS3 trading volume was at 6,685 tons, up from 4,105 tons Friday.

On the Shanghai Futures Exchange, rubber futures settled slightly
lower as cash values fell on a rise in supply during the tapping
season, a Shanghai-based trader said.

"The market is waiting to see if technical support at CNY22,000 works,
with most market participants waiting on the sidelines."

The benchmark SCR5/RSS3 October 2006 contract shed CNY40 to settle at
CNY22,805/ton.

Total trading volume declined to 837,510 tons from 1,091,020 tons Friday.

RSS3 futures on the Agricultural Futures Exchange of Thailand settled
lower, tracking losses in the spot price of USS3, brokers said.

The fall on Tocom coupled with a stronger baht also weighed on AFET prices.

The most active February 2007 contract dropped THB3.5 to end at THB84.3/kg.

Overall trading volume rose to 2,765 tons from 1,975 tons Friday.

On the Singapore Commodity Exchange, rubber futures were weighed down
by Tocom's losses, but buying by consumers and dealers limited losses
in TSR20 contracts, a Singapore-based trader said.

The September RSS3 contract was down 6 U.S. cents at 226 cents/kg; the
September TSR20 contract fell 4.75 cents to 216.5 cents/kg.

RSS3 trading volume almost halved to 2,400 tons from 4,800 tons
Friday, while TSR20 volume increased to 5,020 tons from 3,580 tons.

Tocom rubber's sharp fall exerted downward pressure on Asian physical
rubber prices, although sellers resisted marking down prices as
steeply, traders said.

Most said the market was quiet, with buyers waiting on the sidelines.

"With the lower futures market, I think the market looks bearish and
buyers will want to wait and see," a Malaysia-based dealer said.

However, a Singapore-based trader said Chinese buyers were in the
market, though their bids were much lower than offer prices.

Thai RSS3 was offered at 225-228 U.S cents/kg for September shipment,
falling from 237 cents Friday, while Thai STR20 also dropped sharply
to 225-228 cents/kg from 236 cents, FOB Bangkok.

Offers for Indonesia SIR20 for September shipment were at 218.3-221.6
cents/kg, down from 221.6-224.9 cents, FOB Palembang.

September shipments of Malaysia SMR20 eased to 225-227 cents/kg from
229 cents, FOB Port Klang/Penang.

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Joyo Indonesia News Service
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