Indonesia plans to cut rupiah bond auctions by a third and borrow from the World Bank and Australia to fund its 2009 budget gap as the global crisis damps investor appetite, said Finance Ministry Debt Management Department Director, Rahmat Waluyanto. The central government will also sell debt to oil-rich provinces such as Riau and East Kalimantan to fund building of roads, ports and power stations, he added. (Bloomberg)

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