| PRESS DIGEST-Indonesian Business News - March 13
Following are the leading business stories in the main Indonesian newspapers on March 13. Reuters has not verified these stories and does not vouch for their accuracy. Telephone: Editorial: +62-21-384-6364. Fax: +62-21-344-8404 or Help Desk: +803-061-2124 (toll free). - - - - JAKARTA POST - INDONESIA'S CPO EXPORTS TO RISE BY 27 PERCENT THIS YEAR Indonesia's crude palm oil exports are expected to increase by 27 percent this year despite measures by the government, including export duties, to restrict exports, the Indonesian Palm Oil Association said. - INDOFOOD TO KEP PRICES STEADY The world's largest instant noodle maker, PT Indofood Sukses Makmur Tbk INDF.JK, said it would not raise the prices of its flour-based products until the end of fasting month of Ramadan in late early October, despite rising global flour prices.
Spending cuts are expected as Corzine unveils NJ budget
His budget address to the state legislature is scheduled to begin at 11:30 a.m. The budget the Democratic governor will present would cut spending to every one of the 16 state departments -- something that has not happened in at least 35 years, acting Treasurer David Rousseau said. He said the $350 million would be cut from the state's "operating budget" of $4.3 billion, which includes state departments, the Legislature and the Judiciary. The current full state budget is $33.5 billion, and also includes billions for aid to towns, schools, colleges and property tax rebate checks. Rousseau said the budget definitely will be lower than that, but would not reveal the exact number. However, two administration officials said it will be about $33.2 billion. The officials spoke on the condition of anonymity because the full budget won't be presented until today.
Hurricane-plagued business expands with portable building
The Santa Rosa County Commission recently gave the go-ahead for the owners of Juana's Pagoda and Sailor's Grille to expand their operation, adding a portable building for a souvenir/art shop."It's more space to market the merchandise we're already marketing," said owner Ken Rudzki. "Right now, it's scattered hither and yon. The idea was to consolidate and expand."The new facility will add 300 square feet of retail space to the eatery/bar.The portable building is a way to combat hurricanes, he said."If we're in harm's way with Mother Nature, all of these goodies have to be evacuated with us," Rudzki said. "We spend days packing this stuff up. With this portable building, we'll pick it up, put it on a flatbed truck and take it with us."The complex, which started as a boat rental service 18 years ago, sustained damage from Hurricanes Opal, Ivan and Dennis.Rudzki said the new building will be camouflaged to fit in with the island look of what's already there."We wouldn't want anything that didn't seem like it was part of the establishment," he said.
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