Novia D.

Jakarta – The House of Representatives on Thursday approved a revised 2008 state budget projecting lower growth and a bigger fiscal deficit amid a weakening global economy.

Aditya Suharmoko, Jakarta – The government remains upbeat the economy will grow 6.4 percent this year on the back of strong domestic consumption, despite a high inflation rate caused by

Novia D.Rulistia, Jakarta – After three years of deliberation, lawmakers endorsed Tuesday a revised shipping bill that will end decades of state monopoly on port ownership.

Aditya Suharmoko, Jakarta – Despite the government's recent measures to ease panic in domestic debt market, concerns over the sustainability of the state budget, coupled with accelerati

Aditya Suharmoko and Abdul Khalik, Jakarta – Following a swift decision by the government Friday to buy back the first lot of Rp 2 trillion (US$217 million) worth of bonds, government b

Abdul Khalik, Jakarta – President Susilo Bambang Yudhoyono told top bankers gathered at the palace Friday to further expand real sector credits, particularly for infrastructure and agri

Jakarta – The Ministry of Finance's Directorate General of Taxation announced Friday a 42.7 percent jump in tax revenue during the first quarter of 2008 on the back of strong corporate

Aditya Suharmoko, Jakarta – The Asian Development Bank has warned Indonesia a large part of its population is still vulnerable to shocks from staple foods inflation, as nearly half its

Aditya Suharmoko, Jakarta – The World Bank has revised down its forecast on Indonesia's economic growth for this year from 6.4 percent to 6.0 percent after adapting to heightened financ

Aditya Suharmoko, Jakarta – Soaring prices for food, energy and clothes caused inflation to rise at its fastest pace in 18 months in March, making it more difficult for the central bank

Jakarta – Responding to the Constitutional Court amendment of Article 22 of the Investment Law, the House of Representatives and the Investment Coordinating Board (BKPM) said Monday the

Jakarta – An expected fresh cash injection from windfall profits from oil exports will allow the government to afford a soaring allocation for fuel subsidies from the state budget, a mi

Novia D. Rulistia, Jakarta – Though rice prices are soaring in the global market, the country's rice production surplus must not be used for exports, analysts say.

Abdul Khalik, Jakarta – The President should issue a new decree slashing corporate tax if the House of Representatives refuses to pass the income tax bill, the chairman of the Indonesia

Aditya Suharmoko, Jakarta – While the global economic slowdown is not expected to greatly affect Asian economies, Indonesia's biggest challenge lays in subduing its inflation rate to pr

Aditya Suharmoko, Jakarta – The World Bank has criticized the government's continuing refusal to cut the onerous fuel subsidy despite evidence the allocation has only benefited wealthy

Tom McCawley, Jakarta – Indonesia, one of Asia's largest fuel exporters, now faces dire power shortages, threatening to hold back an economic recovery which at 6.3 % reached its fastest

Novia D.

Nana Rukmana, Cirebon – Skyrocketing cooking oil prices have threatened the traditional food industry in Indramayu regency, West Java, putting many cracker producers at risk of going ou

Jakarta – Current global economic conditions have raised concerns whether the market will be receptive to the government's 2008 privatization plan.

Ika Krismantari, Jakarta – New investment in the mining sector is likely to grow at a slow pace this year as investors wait for the enactment of a new mining bill being deliberated at t

Novia D.

Novia D.

Debnath Guharoy, Consultant – The runaway development of shopping malls in Jakarta is living proof of reckless greed, a monumental disaster in the offing.

Jakarta – Despite slower growth in some business sub-sectors, Indonesia is not suffering from "de-industrialization", with manufacturing continuing to play a significant and stable role

Aditya Suharmoko, Jakarta – The country's economy grew the fastest in the past 10 years in 2007 due in particular to robust investment and exports, the Central Statistics Agency (BPS) r

Jakarta – The government's economic growth target for 2007 of 6.3 percent has been reached.

Aditya Suharmoko, Jakarta – The government confirmed Friday a plan to revise the economic growth target down from the 6.8 percent stated in the 2008 state budget amid soaring global pri

Novia D.

Jakarta – The government plans to privatize 44 state companies this year, including 10 companies initially planned to be privatized last year, says a minister.

Jakarta – In a review of the government's performance in 2007, the Indonesian Chamber of Commerce and Industry (Kadin) says that it is disappointed with the government's economic plans

Andi Haswidi, Jakarta – The trade deficit with China in the non-oil and gas sector skyrocketed by more than 3500 percent from US$35 million in 2006 to $1.28 billion last year, the Centr

Jakarta – Against the backdrop of a possible US recession, which has sent stock markets across the globe tumbling, the government is preparing measures to safeguard the country's econom

Ika Krismantari, Jakarta – The House of Representatives is weighing over the possible closure of upstream oil and gas regulator BPMigas and downstream regulator BPH Migas due to decayin

Debnath Guharoy, Consultant – If the overall economy is growing at over 6 percent and if foreign investments are on the rise again why isn't the marketplace buoyant?

Fadli, Batam – The Riau Islands chapter of the Indonesian Employers Association has told the government it needs to crack down on corruption in special economic zones.

Sara Webb, Merak – Indonesia's rust-bucket ferries are a symbol of the decrepit infrastructure which has plagued Southeast Asia's biggest economy and prevented it from matching China's

Andi Haswidi, Jakarta – Having trade deficits with certain partners is natural, but not when the number of partners keeps growing and the total deficits jumping exponentially.

Jakarta – Indonesia's domestic vehicle sales are expected to fall 30 percent in 2009 from a record high in 2008, due to tight domestic liquidity and slower economic growth, PT Toyota As

Jakarta – The growth of sharia-based finance in 2007 was just 30.1 percent, less than the 34.2 percent advance seen the previous year, due to a rise of non-performing transactions, acco

Desy Nurhayati, Jakarta – Corrupt behavior in politics and complicated bureaucracy are believed to be the factors keeping benevolent democracy and a sound economy out of Indonesia's rea

Jakarta – Despite the surge in oil prices and lower government spending, the Indonesian economy has managed to make a soft landing this year, with an improvement in most of the country'

Urip Hudiono, Jakarta – All's well on the banking front this year, with lending back on track and registering ever stronger growth on the back of Indonesia's fast growing economy.

Hendarsyah Tarmizi, Jakarta – Despite much criticism over its inability to cope with growing unemployment and poverty, the government has in general managed to get the economic wheels b

Jakarta – A group of economists has criticized the government for failing to implement an effective and pro-poor economic policy despite improving the country's macro economic situation

Jakarta – The country's economy will remain resilient next year, although it may grow slightly slower than the government's estimate amid tough challenges on both the external and inter

Ridwan Max Sijabat, Jakarta – The Indonesian Employers' Association (Apindo) has warned the government of an increase in the unemployment rate and poorer labor conditions in 2008 if no

Jakarta – One-hundred-and-sixty local-government water firms (PDAM) in Indonesia, or about 75 percent of the 223 audited by the Development Finance Controller (BPKP), performed poorly t

Urip Hudiono, Jakarta – Investments and exports are expected to contribute more to Indonesia's economic growth next year, giving an additional boost to the slow but sure revival in cons