Jakarta – A senior economist has said Indonesia's increasing foreign debt in the last three years had trapped the country's economy in being dependent on the global market.

The on-oil economy of Timor-Leste (East Timor) contracted by 1.8% in 2017, mainly the country's economy, according to a World Bank report.

Marchio Irfan Gorbiano, Jakarta – The government is courting foreign investors in a bid to lure investment to fuel its infrastructure development program, given the state budget's limit

Jakarta – Indonesia's foreign debt reached US$375.5 billion in late January or a 10.3 percent growth compared to the same month last year, Bank Indonesia (BI) said on Thursday.

Jakarta – Foreign investors have been withdrawing capital from the Indonesian market since early this year in anticipation of an increase in the Federal Reserve fund rate, analysts have

Jakarta – The Indonesian economy faces tough global challenges with the rupiah exchange rate weakening, says an economic team from publicly listed private lender Bank Danamon.

Jakarta – Bank Indonesia has said Indonesian foreign debts in both the public and private sectors increased by 10.1 percent year on year (yoy) to US$352.2 billion in the fourth quarter

Jakarta – The Institute for Development of Economics and Finance (Indef) has estimated that e-commerce contributes just 0.75 percent of gross domestic product (GDP).

Adinda Normala, Jakarta – Japan Credit Rating Agency, or JCR, has upgraded Indonesia's sovereign debt to "BBB with a stable outlook," a notch above investment grade, from BBB-on Thursda

Anton Hermansyah, Jakarta – Bank Indonesia (BI) has said Indonesia needs to boost its exports as the country's foreign debt continues to increase as the government seeks to accelerate i

Jun Suzuki, Jakarta – Indonesia's gross domestic product grew 5.07% in 2017, falling short of the government's 5.2% target, as President Joko Widodo's industrial reforms failed to pick

Adinda Normala, Jakarta – Indonesia's annual inflation rate eased in January as a rise in raw food prices – the biggest inflation contributor – was offset by more subdued increases in t

Anton Hermansyah, Jakarta – President Joko "Jokowi" Widodo on Tuesday criticized regional governments that have not deregulated the lengthy process of issuing business permits, believed

Adinda Putri, Jakarta – The government pledged it will streamline licensing processes to speed up investment in more than 1,000 public and private sector projects, worth approximately $

Jakarta – Finance Minister Sri Mulyani Indrawati said the government might offer other incentives – such as a tax holiday and tax allowance – to investors because no one applied for it

Anton Hermansyah, Jakarta – President Joko "Jokowi" Widodo has questioned the reasons behind Indonesia's sluggish growth despite receiving praise from various international organization

Adinda Putri, Jakarta – Bank Indonesia – or BI, the country's central bank – said local economy remains in check despite rising global oil prices.

Jakarta – The Central Statistics Agency (BPS) on Tuesday recorded the country's inflation rate at 3.61 percent, lower than the 4.3 percent target set in the 2017 State Budget.

Richard C. Paddock, Jakarta, Indonesia – One resort, planned as the largest in Bali, will overlook a spectacular Hindu temple.

Anton Hermansyah, Denpasar – Indonesia is expected to record year-on-year (yoy) economic growth of 5.1 percent this year amid increasing exports and investment, Bank Indonesia (BI) has announced.

Jakarta – The Central Statistics Agency (BPS) has said that, despite the increase in income of both small farmers in villages and construction workers in urban areas, their real income has declined

Jakarta – President Joko "Jokowi" Widodo on Tuesday criticized businesspeople, saying they had spent too long in a wait-and-see position, because they were overly wary about the country's political

Jakarta – Several economists say people will still prefer keeping their money in banks next year.

Stefani Ribka, Jakarta – The Indonesian Chamber of Commerce and Industry (Kadin) and the government on Thursday signed a memorandum of understanding (MoU) to facilitate businesspeople in becoming m

Faisal Edroos – East Timor, one of the world's poorest countries, could still be an economic success story despite reports its main oil and gas fields will run dry by 2022 and it will go bankrupt b

Karlis Salna and Haslinda Amin – Indonesian President Joko Widodo said government reforms to boost the economy are starting to pay off, enabling it to embark on the biggest infrastructure plan in t

Gayatri Suroyo & Bernadette Christina Munthe, Jakarta – In trying to solve a major economic headache, large fluctuations in food prices, Indonesia may have unintentionally exacerbated another:

Jakarta – The Institute for Development of Economics and Finance (Indef) has refuted a statement made by President Joko "Jokowi" Widodo about the increase in people's purchasing power, indicated by

Sheany, Jakarta – As part of the government's effort to increase foreign investments to the country, the Ministry of Foreign Affairs on Friday (24/11) held an event in Jakarta to highlight and prom

Caesar Akbar, Jakarta – Institute for Development of Economics and Finance (Indef) Senior Economist Faisal Basri said that Indonesia's economic growth in the medium and the long-run is tending to s

Jakarta – Research conducted by the Asia Competitiveness Institute (ACI) has shown that East Java was top in ease of doing business (EoDB) this year, followed by West Java, Central Java and Jakarta

Jakarta – Indonesian Chamber of Commerce and Industry (Kadin) deputy chairman for telematics, broadcast, research and technology Ilham Habibie has criticized the government for focusing too much on

Lester Wan – Concerns are mounting over a controversial new law to bring across-the-board halal certification to Indonesia, as an unprepared government department and industry figures wonder how th

Jakarta – A visiting International Monetary Fund (IMF) team has projected that the Indonesian economy will grow 5.1 percent this year, slightly lower than the Fund's official projection of 5.2 perc

Jon Afrizal, Jakarta – University of Indonesia economist Fasial Basri has warned of a possible "minor economic crisis" in December because of "reckless" government policies, particularly massive in

Prima Wirayani, Jakarta – Economic growth stood at 5.06 percent year-on-year (yoy) in the third quarter of this year, slightly more than the 5.01 percent recorded in the previous quarter, the Centr

Jakarta – The Indonesian government is now preparing "ease of doing business" task forces in both the central government and all regional administrations to help smooth the licensing process for th

Jakarta – The Financial System Stability Committee (KSSK) has recorded stable economic conditions up to the third quarter this year, but it has also recorded negative perception of the people's pur

Grace Amianti and Marchio Irfan Gorbiano, Jakarta – Indonesia has progressed significantly in deregulating its economy as its ranking in the Ease of Doing Business (EODB) index for 2018 has climbed

Rachmadea Aisyah, Jakarta – The Investment Coordinating Board (BKPM) announced on Monday that investments had reached Rp 513.2 trillion (US$37.79 billion) by the end of the third quarter, or 75.6 p

Anton Hermansyah, Jakarta – President Joko "Jokowi" Widodo has praised the strong performance of the capital market so far this year, and expects that similar developments will follow in the real e

Marchio Gorbiano, Jakarta – Indonesia recorded a US$1.76 billion trade surplus in September as exports reached $14.54 billion in September, a 15.6 percent increase from the same month last year, wh

Winny Tang, Jakarta – Ahead of the 2019 presidential election, Indonesia's economic growth will be better than this year as long as the commodity prices stays stable, the nation's biggest mutual fu

With its longstanding dispute with Australia over the Timor Sea resolved, neighbouring Timor-Leste looks set to expand its petroleum and mineral industries.

Jon Afrizal, Jakarta – While the government is trying to attract more investors to Indonesia, it has not been able to convince investors to make good on their pledges, an official at the Coordinati

Anton Hermansyah, Jakarta – On the back of the Indonesian government's issuance of its new controlled foreign company (CFC) regulation on July 26, many Indonesians are likely to sell their foreign

Caitlin McGee – Fifteen years since Timor-Leste gained its independence, there are growing fears it could face economic collapse.

Jakarta – Business people have enthusiastically welcomed the latest 16th economic package on the acceleration of business implementation, which aims to improve coordination between ministries and p

Jakarta – President Joko "Jokowi" Widodo has advised businesspeople to not talk about politics and to instead concentrate on improving the economy through investment.

Jakarta – Finance Minister Sri Mulyani Indrawati has said she will look into the rising losses of flag carrier Garuda Indonesia to find out whether anything was wrong with its investment strategy.