Siti Rahil, Dili – Foreign investors are beginning to trickle into impoverished East Timor as it struggles to achieve stability and develop its fledgling economy six years after its vio

Mustaqim Adamrah, Jakarta – The central bank has given the corporate sector hope by slashing its benchmark interest rate for the third consecutive month in a bid to cushion the impact o

President Susilo Bambang Yudhoyono warned Wednesday that attempts by domestic industries to play the nationalist card to seek protectionist policies would lead to lack of competitivenes

Mustaqim Adamrah, Jakarta – Indonesia's exports of non oil and gas commodities will be affected as the global economic downturn slashes demand, although exports could still grow by up t

Mustaqim Adamrah, Jakarta – The global economic downturn continues to strike the country's exports hard as weakening demand and falling commodity prices pushed down November's exports b

Mustaqim Adamrah, Jakarta – Having earmarked Rp 50 trillion (US$4.9 billion) for a stimulus package to help the country survive the economic crisis, the government said Monday the money

Aditya Suharmoko, Jakarta – President Susilo Bambang Yudhoyono on Wednesday said the government would cushion the country against the impact of the global economic downturn by providing

Ika Krismantari, Jakarta – Foreign businesses were still keen to invest in Indonesian stocks last year, shrugging off worries about the future of the bourse.

Aditya Suharmoko, Jakarta – Approaching the year's end, the rupiah seems stable at around 11,000 per US dollar, after a wild volatility in the past months – but it may slightly deprecia

Ika Krismantari, Jakarta Post – In a clear sign of a slowdown, investment in the country's industrial sector is forecast to drop by 18 percent this year, from a year earlier, with a fur

Mustaqim Adamrah, Jakarta – The footwear industry may earn zero profits in the second quarter of next year as the global economic downturn has severely affected overseas consumer purcha

Jakarta – A one-month survey by the Indonesian Consumer Foundation (YLKI) shows that dirty tap water and a "mysterious" tariff increase are the top complaints about tap water by consume

Mustaqim Adamrah, Jakarta – The nation's most powerful business lobby group, the Indonesian Chamber of Commerce and Industry (Kadin), used its national meeting on Sunday to set out reco

Jakarta – Indonesia's economic growth is set to slow to 4.5-5.5 percent in 2009 because of weak commodity prices, while easing inflation should allow to lift domestic spending with more

Niniek Karmini, Jakarta – Indonesian lawmakers passed a new mining law Tuesday that will give the mineral-rich nation greater control over its resources, though analysts warn it could d

Mustaqim Adamrah, Jakarta – The government forecasts that manufacturing sector output will only grow by 3.6 percent to 4.6 percent next year, lower than this year's revised growth targe

Ika Krismantari, Jakarta – While it will certainly ensure more business, the soon-to-be passed mining bill is likely to discourage large multinational mining companies from investing in

Aditya Suharmoko, Jakarta – Growth in tax revenue has continued to decline towards the year's end, as the slowing down of the economy has reduced output, the tax office says.

Aditya Suharmoko, Jakarta – Bank lending will probably grow more slowly next year, while the proportion of bad loans may rise, as the global financial crisis hits Indonesia's real secto

Jakarta – Endowed with rich natural resources and a large population, Indonesia is becoming more attractive for investors as indicated by an increase in the number of realized direct in

Jakarta – Indonesia's annual economic growth in the fourth quarter is expected to slow from the third quarter, as a plunge in global demand for commodities starts to bite, a deputy cent

Jakarta – Recent strengthening in Indonesia's rupiah currency has been mainly due to external factors, central bank deputy governor Budi Mulya said on Tuesday.

Aditya Suharmoko, Jakarta – Indonesia has secured US$5 billion in standby loans from several parties to help plug the budget deficit and keep the economy growing amid the global financi

Aditya Suharmoko, Jakarta – Following the Bank Century trouble, the central bank is under pressure to improve its supervision amid the global financial downturn to prevent troubled bank

Matt Crook, Dili – A US$390 million power project tendered to Chinese investors was to be the defining action of the Parliamentary Majority Alliance (AMP) coalition government, with the

Lilian Karunungan – The Indonesian rupiah will tumble 10 percent to its lowest level since 1998 in three months as the global financial slump spurs investors to sell more of the nation'

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

Aditya Suharmoko and Rendi A.

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

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

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

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

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.

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,

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

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

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 – 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

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

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

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