BUSINESS – Indonesian firm finds cracks in cement deal

Indonesian state-run cement producer Semen Indonesia (SMGR) may postpone plans to expand into Burma until next year due to difficulties in negotiating with its local partner, Jakarta Post reported on Monday, citing the firm’s finance director Ahyanizzam. He did not disclose the name of the local partner, but said that SMGR proposed to have at least a 20 percent stake in the joint venture as well as the rights to be the operator and the distributor of the products.