Sadachika Watanabe, Jakarta – East Timor is looking to upgrade its natural-resource and transportation infrastructure, creating new business opportunities for overseas construction companies and pl

Ayomi Amindoni, Jakarta – The Investment Coordinating Board (BKPM) reported the growth of Indonesia's labor-intensive sector investments declined by 11.74 percent throughout the first nine months o

Ayomi Amindoni, Jakarta – The Coordinating Investment Board (BKPM) said despite the gloomy domestic outlook, Indonesia's realized investments showed a significant increase up until September 2015 a

Jakarta – The sales of fast-moving consumer goods (FMCG) in Indonesia have grown at a snail's pace during the past several months as people have reduced their spending to cope with the impact of th

Jakarta – Two months from year-end, Indonesia's economy is forecast to remain stuck in the doldrums next year, with the gross domestic product (GDP), the rupiah and state revenues lower than hoped

Randy Fabi and Kanupriya Kapoor, Jakarta – Indonesian President Joko Widodo will court tech giants Apple and Google during his first trip to the United States this month, in the hope of attracting

Jakarta – Indonesia's trade surplus reached US$7.13 billion in the first nine months of 2015, which was the biggest trade surplus from January to September in the last four years, according to Cent

Jakarta – The Indonesian Palm Oil Producers Association (Gapki) says the government should provide support and pay close attention to the national palm oil industry to ensure that it continues to g

Ayomi Amindoni, Jakarta – Institute for Development of Economics and Finance (Indef) senior economist Didik J.

Business – Business owners are speaking out against the issuance of Ministerial Regulation No.

Jakarta – Central Statistics Agency (BPS) Suryamin said staple food contributed a lot to the deflation in September, which stood at 0.05 percent with a consumer price index (IHK) of 121.67.

Jakarta – The regional administrations will soon be authorized to establish tourist areas that will be allowed to sell liquor with up to five percent alcohol content, otherwise known as Group A liq

Grace D.

Jakarta – Publicly listed retail company PT Hero Supermarket (Hero) has closed the doors of dozens of its stores during the first half of this year to cut costs amid the domestic economic slowdown

Jakarta – The government will relax the sale of liquor and let regional administrations determine the places where people can buy alcoholic beverages with the condition the outlets are not close to

Jakarta – The government's new economic policy package will not resolve the real problems currently being faced by Indonesian companies because it is mainly designed to mend structural problems in

Jakarta – Indonesia had a US$433.8 million trade surplus in August, which was triggered by a $1.01 billion surplus in the non-oil and gas sector, the Central Statistics Agency (BPS) said in a relea

Jakarta – The declining rupiah exchange rate, which currently stands at Rp 14,300 per US dollar, must be used to create momentum to consolidate Indonesia's business potential, according to one expe

Jakarta – Business players and analysts have strongly criticized the central bank's recent policy that required all business transactions conducted in the Indonesian territory be carried out in rup

Tassia Sipahutar and Khoirul Amin, Jakarta – Economic analysts have been underwhelmed by the government's newly launched economic policy package, regarding it as lacking the fresh solutions needed

Up to 134 regulations in 17 ministries and state institutions are set to be deregulated.

Slamet Susanto, Yogyakarta – People's decreasing purchasing power as a result of the downturn in the economy and increases in the prices of staple foods has affected demand for livestock ahead of I

Grace D.

Kanupriya Kapoor & Gayatri Suroyo, Jakarta – Indonesia's 11th-hour decision to scrap plans for the nation's first high-speed railway has sown confusion among top investors from China and Japan,

Jakarta – Business licensing processes remain lengthy and complicated in Indonesia's major cities, despite the launch of a one-stop service program to process business permits more speedily.

Ina Parlina and Tassia Sipahutar, Jakarta – After meetings with businesspeople and key economic policy makers, President Joko "Jokowi" Widodo has promised to offer many new incentives and to furthe

Jakarta – East Timor will tap into its $16.6 billion oil fund to build the necessary infrastructure to attract non-energy investment, the prime minister said on Wednesday, as disputes over undevelo

The Finance Ministry has issued a new regulation that offers a tax holiday of up to 20 years for companies operating in one of nine specified pioneer sectors, in a bid to attract more investment an

Ina Parlina, Jakarta – As a sign that Indonesia is embracing expatriates to help lure foreign investment, the government has lifted several restrictions on foreigners working in the country.

Grace D.

Jakarta – A US Congress delegation met with President Joko "Jokowi" Widodo on Saturday at the State Palace in Jakarta, calling for stronger economic ties between Indonesia and the US.

Hotli Simanjuntak, Banda Aceh – The former chairman of the Aceh Monitoring Mission (AMM) team, Pieter Feith, has said that Aceh administrations have not yet been able to take full advantage of the

Anggi M.

Tassia Sipahutar, Jakarta – The increase in bad loans or non-performing loans (NPLs) is predicted to continue to be a major concern among banks in the second half of the year as the lenders gear up

Jakarta – Indonesians are becoming more consumptive and tend to not save money, says the Financial Services Authority (OJK).

Nadya Natahadibrata, Jakarta – The government's "very ambitious" targets for infrastructure investment will be challenged by an unstable regulatory climate for investment, lack of leadership and la

Jakarta – Indonesia's growth slid in the second quarter to levels unseen since 2009, government data showed Wednesday, highlighting the uphill battle for President Joko Widodo in expanding Southeas

Satria Sambijantoro, Jakarta – The long-awaited revision of the government's tax holiday policy is expected to attract more investors to enter Indonesia's strategic industries despite the controver

Grace D.

Jakarta – A host of benchmark publicly listed companies suffered double-digit plunges in first-half net profits, something unseen since 2008, as weak domestic consumption and low commodity prices l

Grace D.

Sam Reeves, Jakarta – Container ships dot the horizon off the coast of Jakarta, as cranes and laborers work on an ambitious, economy-boosting project to expand the port network in the world's large

Linda Yulisman and Grace D.

As of today, import duties on alcoholic drinks are set at 150 percent of their market price, higher than under previous arrangements.

Satria Sambijantoro, Jakarta – Consumer prices may not greatly increase in July despite the Ramadhan and Idul Fitri festivities, as consumers hold back spending amid domestic economic slowdown, pol

Eveline Danubrata and Cindy Silviana, Jakarta – Investors hoping for President Joko Widodo to speed up work on Indonesia's infrastructure projects have been disappointed, with a plan for a $2-billi

Grace D.

Satria Sambijantoro, Jakarta – Under fire for the sluggish realization of his campaign promises, President Joko "Jokowi" Widodo attempted to boost optimism among business players on Thursday, but o

Satria Sambijantoro, Jakarta – Indonesia has yet to fully benefit from the ample fiscal space provided by the reallocation of fuel subsidies, with reform initiatives yielding slower-than-expected e

Business – The government's tax revenues slumped to a four-year low in the January to June period of 2015, falling short of the first-half target of this year's annual tax-collection target due to