Abdul Khalik, Jakarta – Syafrudin, 35, stacked cages of chickens onto a waiting mini van outside his employer's house at Kemandoran in South Jakarta on Monday with help from two other w

Aditya Suharmoko, Jakarta – Confirming that the impact of the global economic slide has hit the country, exports in October dropped from a month earlier on weaker demand and lower price

Lilian Karunungan and Arijit Ghosh – Indonesia's rupiah strengthened the most since May 2006 on speculation the central bank sold foreign exchange to boost the local currency, which las

Aditya Suharmoko, Jakarta – While the government is keeping an eye on potential waves of layoffs and preparing "realistic" responses to help businesses cope with slower growth next year

Rendi A.

Aditya Suharmoko and Rendi A.

Lindsay Murdoch, Dili – A high-stakes battle taking place between East Timor and Woodside Petroleum over the Greater Sunrise oil and gas field is set to escalate after a US company's su

Jakarta – Indonesia's economy will still end up this year with a forecast growth in gross domestic product of nearly 6 percent mainly on the back of robust expansion in the first three

Oil-rich states and companies that reaped unprecedented gains when prices skyrocketed have a moral duty to ease the world's economic crisis, Indonesian President Susilo Bambang Yudhoyon

Aditya Suharmoko, Jakarta – The rupiah continued its fall against the US dollar Thursday as dollar demand rose at a time when many preferred the greenback to a lack of confidence in the

Aloysius Unditu and Leony Aurora – Indonesia seized control of PT Bank Century eight days after the lender delayed meeting a 5 billion rupiah ($413,000) obligation, as its capital has d

Lima – Indonesia, expecting a slowdown in economic growth to 6 percent in 2008 in the face of a global economic crisis, intends to turn to its large domestic market to maintain growth,

Jakarta – The threat of a wave of dismissals as a consequence of the global crisis is beginning to be concretely felt by the manufacturing sector.

Aditya Suharmoko, Jakarta – The rupiah's recent heavy falls against the US dollar do not pose a threat yet to the business community, with the fluctuations still within an acceptable ra

Sara Webb, Sekayu – When Indonesia shifted power from the capital, Jakarta, to the regions, investors had to start dealing with a confusing constellation of districts, some business-fri

Aditya Suharmoko, Jakarta – The rupiah bounced back from its weakest level in 10 years on Tuesday as demand for the corporate sector to pay off any year-end overseas obligations begins

Aditya Suharmoko, Jakarta – Indonesia's third quarter economy grew at the slowest speed in six quarters as slumping commodity prices cut export revenues and the global economic slowdown

Aditya Suharmoko, Jakarta – The banking sector remains solid despite a liquidity squeeze caused by the global financial crisis, the central bank says, dismissing rumors of a deposit run

Angus Grigg, Jakarta – Woodside Petroleum's $14 billion Greater Sunrise project may be delayed indefinitely as relations between East Timor and the energy major turn openly hostile over

Barry FitzGerald, Resources Editor – Woodside chief executive Don Voelte has raised the prospect of Woodside sidestepping the Federal Government's planned carbon emissions trading schem

Lilian Karunungan – Indonesia's rupiah fell, approaching a seven-year low, as slides in global stocks fanned concern investors' risk appetite is dwindling, curbing demand for emerging-m

Angela Macdonald-Smith – Australia risks losing the Sunrise liquefied natural gas project to East Timor, where the venture could avoid the effects of the government's proposed carbon tr

Jakarta – Global rating agency Standard & Poor's (S&P) has maintained its outlook on Indonesia' debt rating as stable, thanks partly to a declining level of debt and improvement

Aditya Suharmoko, Jakarta – Having expanded by a fairly healthy 6.4 percent in the third quarter, the economy is facing a slowdown in the last quarter as it begins to feel the impacts o

Aditya Suharmoko, Jakarta – Inflation eased in October, according to the Central Statistics Agency (BPS), providing leeway for the central bank to hold its interest rate steady after ra

Ika Krismantari, Jakarta – The stock market main index extended gains Friday for the third day this week, hovering above 1,200 on the back of good sentiment from global markets and the

Jakarta – The Jakarta stock exchange's main index rose 5.4 percent on Thursday as the rupiah gained against the dollar, showing signs of life following a heavy battering for most of the

Aditya Suharmoko, Jakarta – The rupiah continued its slide Wednesday against the US dollar, with the market unresponsive to the government's newly launched set of fiscal policies, waiti

Veeramalla Anjaiah, Jakarta – With concern setting in about the declining rupiah and share prices, there is good news yet: Indonesia next year will be much more stable than regional pee

Rendi Akhmad Witular and Aditya Suharmoko, Jakarta – The central bank has been accused of misleading local and foreign banks by providing a guarantee letter for its Netherlands-based In

Aditya Suharmoko, Jakarta – The central bank – which has just been equipped with a legal basis to facilitate reactions, including injecting liquidity, in the event of a potential financ

Desy Nurhayati and Ika Krismantari, Jakarta – With a trio of state firms exploring the possibility of buying a stake in the Bakrie group's PT Bumi Resources, the government has rejected

Aditya Suharmoko, Jakarta – The government and lawmakers have set a "compromise" 6 percent target for next year's economic growth, as part of a revision to the 2009 budget assumptions.

Desy Nurhayati, Jakarta – The Bakrie family, headed by welfare minister Aburizal Bakrie, is unlikely to go bust any time soon, as the government ponders allowing state firms to buy stak

Aditya Suharmoko, Jakarta – Feeling the heat from the global financial woes, the government has revised down budget assumptions for next year – including economic growth, Finance Minist

Abdul Khalik, Jakarta – With the global financial crisis currently battering local markets and expected to hit middle and low-income families within the next three months, domestic poli

The impact of the global financial crisis will be felt the deepest next year, economists said at a discussion on Friday.

Aditya Suharmoko, Jakarta – When the US Congress approved a bailout plan last week, it was expected to ease the global financial crisis.

Aditya Suharmoko, Jakarta – Exports in August fell 0.43 percent to US$12.5 billion from the month before, as crude oil prices continued falling, dragging down other commodity prices.

Aditya Suharmoko, Jakarta – Indonesia may start feeling the pinch of the economic meltdown in the United States and in some European countries as early as next year, dragging down fairl

Aditya Suharmoko and Ika Krismantari, Jakarta – The Finance Ministry is recalculating the state budget deficit's tolerance level, as the shortage in global liquidity and higher costs of

Aditya Suharmoko, Jakarta – The Indonesian economy is estimated to grow by more than 6 percent during the year's third quarter on the back of robust private consumption, investment and

Sara Webb and Fitri Wulandari, Cilegon – Like its volcanic namesake nearby, state-owned Krakatau Steel looms large over this part of Indonesia.

Jakarta – State electricity company PT Perusahaan Listrik Negara (PLN) has projected its fuel consumption this year to reach 11.1 million to 11.4 million kiloliters.

Anthony Deutsch, Jakarta – East Timor is drawing up plans for a deep sea pipeline and petrochemicals plant to tap an estimated $90 billion in disputed underwater oil and gas, company an

Lucy Williamson – One day, perhaps, the place where Isabel sits will be a five-star hotel, its private villas looking on the beach, its grand entrance frowning down on the western corne

Aditya Suharmoko, Jakarta – The central bank and the Finance Ministry have refused to take blame for the compromised supervision of foreign banks operating in Indonesia, following hefty

A new report by the World Bank shows it's no easier to run a business in East Timor now than it was a year ago, despite the government's efforts.

Aditya Suharmoko and Desy Nurhayati, Jakarta – The Indonesian stock market rebounded Tuesday after tumbling for the sixth consecutive day, as investors regained confidence after the gov

Aditya Suharmoko, Jakarta – External factors are to blame for the recent drop in the stock market and rupiah, with the fundamentals of the economy remaining relatively sound, the centra