JAKARTA, Aug 23 (Reuters) - Following are some company-related and market news which could have an impact on the local market.
------------ MARKET SNAPSHOT @ 0150 GMT -----------
INSTRUMENT LAST % CHG NET CHG
S&P 500 1656.96 0.86 14.16
USD/JPY 98.93 0.22 0.22 10-YR US TSY YLD 96.50 0.02 -0.13
SPOT GOLD 1374.61 -0.05 -0.63
US CRUDE 105.05 0.02 0.02
DOW JONES 14963.74 0.44 66.19
ASIA ADRS 138.78 1.24 1.7
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GLOBAL MARKETS-Upbeat data spreads cheer to Asian shares
SE Asia Stocks-Philippine in worst loss since June; others off lows
MARKET NEWS
> Tokyo's Nikkei share average rises 2.02 pct
> Wall St climbs after extended Nasdaq outage
> TREASURIES-Yields at 2-yr highs on taper fears
> Dollar stays firm vs yen
> Gold eases on U.S. data, stimulus concerns
> Oil edges up on strong China, Euro zone data
STOCKS TO WATCH
- Property developer PT Agung Podomoro Land plans to focus investment outside Java in places such as Balikpapan, Medan, Batam and Bali, in the second half of this year, said corporate marketing director Widjaja Antono. The firm plans to spend up to 7 trillion Indonesian rupiah on investment. (Investor Daily, Bisnis Indonesia, Kontan)
- Eurorich Group Ltd, a unit of PT Sugih Energy, has signed a joint operating agreement with PT Pertamina Hulu Energi to work on downstream oil and gas projects in South Sumatra and Jambi, Sugih Energy's CEO Andhika Anindyaguna said in a statement. (Investor Daily)
- Construction firm PT Waskita Karya recorded new contracts worth 7 trillion Indonesian rupiah until August which represents 39 percent of its 2013 full-year target of 17.9 trillion Indonesian rupiah, said CEO M.Choliq. (Investor Daily)
- Asia Pulp & Paper, a unit of Sinarmas Group, plans to develop a pulp mill in South Sumatra that will have a capacity of 2 million tonnes per year, said corporate and communication director Suhendra Wiriadinata, adding that the firm expects to complete construction within the next three years. (Kontan)
- The furniture and handicraft industry association (Asmindo) revised down its 2013 exports target to remain unchanged at $2.6 billion from earlier $2.9 billion or up 11 percent from last year as demand from the U.S. and European countries still slowed down, said the chairman Ambar Tjahyono. (Bisnis Indonesia)
INDONESIA IN THE NEWS
> Fitch sends rating warning shot to India and Indonesia
> Indonesia c.bank raises $240 mln from forex swaps auction
> Pertamina to buy part of Exxon stake in huge Iraqi oilfield-sources
> In Indonesia, buzzers not heard but tweet for money
ASIA-PACIFIC STOCK MARKETS S.Korea China Hong Kong Taiwan India Australia/NZ
OTHER MARKETS Currency Eurostocks JP bonds ADR Report LME metals
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DIARIES & DATA: U.S. earnings diary European diary Asia Macro
TOP NEWS Front Page Asian companies U.S. company News European companies Forex news Global Economy Tech, Media and Telecoms Financials General/political A multimedia version of Reuters Top News is available at: http://topnews.session.rservices.com (Compiled by Rin Hindryati)