Leony Aurora, Jakarta – Following months of steady growth, Indonesia's exports would hit a record US$65 billion worth this year, up 6.5 percent from last year, due to soaring oil prices

Santiago, Chile – On the sidelines of the Asian Pacific Economic Cooperation (APEC) Summit in Santiago, US President George W.

Endy M.

Endy M.

Leony Aurora, Jakarta – People in the market call her Bu Haji, because the salted fish seller has been on a pilgrimage to Mecca, Saudi Arabia or sometimes Bu Janda, the widow, as her hu

Urip Hudiono, Jakarta – While welcoming the government's most recent plan to improve the country's investment climate by reducing the time required for an investment permit to just 30 d

Indonesia's Coordinating Minister for the Economy Aburizal Bakrie has declared 1.19 trillion rupiah (S$219 million) in assets, making him perhaps the richest serving state official.

Urip Hudiono, Jakarta – In a bid to attract badly needed foreign investment, the government is aiming to drastically reduce the time needed for investors to obtain their necessary licen

Jakarta – After months of speculation, the new government confirmed on Thursday it would reduce the fuel subsidy for next year, making a hike in domestic fuel prices in the near future

Jakarta – Indonesia would have to cut energy subsidies at the beginning of next year despite probable protests unless oil prices retreat, Vice-President Jusuf Kalla said on yesterday.

Jakarta – Bank lending this year is expected to grow by more than 20 percent, partly driven a by steady but slow improvement in the domestic business climate, Bank Indonesia deputy gove

Dadan Wijaksana, Jakarta – Foreign direct investment (FDI) approvals have declined by 11 percent this year as of October, as compared with the same period in 2003, the latest data from

Jakarta – Two oil and gas firms plan to make new investments next year in what seems to be a positive development in the country's oil and gas sector, which has seen output declining du

Jephraim P Gundzik – Compared with other countries in Southeast Asia, economic performance has been disappointingly modest in Indonesia since the 1997 regional financial crisis.

Bill Guerin, Jakarta – While the Indonesian economy is expected to expand by 4.8% this year, the new government has targeted annual growth at an average 6.6% during the next five years.

Jakarta – In an attempt to boost investment, the government plans to revive business and investment activities in some conflict-torn areas in the country, such as Central Sulawesi's tow

Rendi A.

Leony Aurora , Jakarta – In a bid to keep standards for customs and practices in issuing and using letters of credit (L/Cs) up-to-date with current developments, the International Chamb

Jakarta – Indonesia should sort out its legal system and aim to reduce fuel subsidies to free up spending for other areas, but it has been doing well in fiscal policy and financial-sect

Leony Aurora, Jakarta – With the new government holding marathon meetings to resolve the problem of ballooning fuel subsidy spending, an economist has presented a scenario in which a 10

Urip Hudiono, Jakarta – The Jakarta Stock Exchange (JSX) rose to a record high on Tuesday as investors scrambled to buy telecommunications, banking and cigarette blue chips following st

Jakarta – Prices rose at a slower rate in October mainly because of an abundant supply of rice that helped ease inflationary pressures caused by the soaring oil price and weaker rupiah.

Antonia Staats – US-based gold mining enterprise Newmont, the world's biggest gold mining corporation, has been operating its Minahasa Raya mine in Northern Sulawesi, Indonesia, since 1

Jakarta – While details remain sketchy, the newly unveiled 100-day national economic program has apparently met the expectations many people have, by showing that the government literal

Tony Hotland, Jakarta – The country's commercial banks have booked strong third quarter profits, thanks mainly to low cost of funds that allowed them to enjoy fat net interest margins.

Tony Hotland and Zakki P.

Gary LaMoshi, Denpasar – Newly inaugurated Indonesian President Susilo Bambang Yudhoyono, also known as SBY, is borrowing a page from another president known by his three initials: Amer

Dadan Wijaksana, Jakarta – Mr.

The financial markets were not overly enthusiastic about the economic lineup in President Susilo Bambang Yudhoyono's United Indonesia Cabinet.

Zakki P.

Jakarta – Bargain hunting by mostly local investors meant shares on the Jakarta stock market rebounded on Friday after posting losses for consecutive days following investor reservation

On the sidelines of his visit here to attend the inauguration of President Susilo Bambang Yudhoyono and Vice President Jusuf Kalla, East Timorese Prime Minister Mari Alkatiri talked on

Jakarta – Indonesia's new chief economics minister, Aburizal Bakrie, said his office is pro-business and will seek to improve the government's partnership with the business sector.

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East Timor believes that the Starbucks seal of approval will give its key coffee industry a fillip.

Jakarta – Indonesia's foreign exchange reserves as of October 15, reached US$34.81 billion, rising by $91.90 million from the previous week, the central bank reported.

As Indonesia's new leadership team confronts the challenge of revitalising the country's moribund economy, concern is being expressed in some quarters about how the government plans to

Medan – An economic observer from Indonesia's North Sumatra University, Jhon Tafbu Ritonga M.Ec, said President Susilo Bambang Yudhoyono's (SBY) new government should keep its distance

Zakki P. Hakim, Jakarta – After a lengthy delay, the government inaugurated on Tuesday the National Consumer Protection Agency (BPKN), as mandated by Law No.

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Jakarta – The central bank expects the rupiah to strengthen against the US dollar leading up to the year-end on the back of a better economic outlook and high hopes for the new governme

Tony Hotland, Jakarta – Indonesia's global competitiveness has improved over the past year, and yet it is battered by an inefficient bureaucracy, inconsistent policies and corruption, a

Martin Jenkins, Jakarta – In Indonesia, much debate has recently centered on how the government should tackle the problem of rising fuel subsidies as the price of crude oil on the inter

Tiarma Siboro, Bogor – Representatives of the Consultative Group on Indonesia (CGI) met with president-elect Susilo Bambang Yudhoyono on Wednesday in an apparent show of support for the

Zakki P.

Taxation Director General Hadi Purnomo's estimate of Rp 676.5 trillion (US$74.34 billion) in potential tax revenue lost annually during the past three years seems to be too high – a sum

Satish Mishra, Jakarta – In a country in the midst of record open unemployment, partially brought about by sharp declines in development spending, it would be surprising if the economy

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Oyos Saroso H.N., Bandarlampung – The cement shortage in Lampung and Banten provinces, triggered by mechanical problems at the PT Semen Baturaja cement factory in South Sumatra, has pro

Dili – The International Monetary Fund says that East Timor faces "significant economic challenges" and cautions that the new nation's future oil and gas revenues will initially be "sub