Bloomberg – East Timor's President Xanana Gusmao said his country shouldn't rush to settle a dispute with Australia over offshore oil and gas fields before the three-year-old nation can

Jakarta – The Indonesian government and the budget committee of the nation's Parliament Monday agreed on a set of new assumptions that will be used to base the current state budget.

East Timor will soon start opening up its untapped oil and gas reserves to investors, the Timorese government says.

Bill Guerin, Jakarta – Indonesia, the fourth-most populous country in the world, has been a net oil importer since 2004.

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Jakarta – The government campaign for the use of unleaded gasoline nationwide is facing a major obstacle as state oil and gas company Pertamina says the program targets are currently be

Bill Guerin, Jakarta – A former aide to Indonesia's pro-business President Susilo Bambang Yudhyono took over the reins of Indonesia's powerful Investment Coordination Board (BKPM) last

Jakarta – A persistently high unemployment rate and the problem of chronic graft in the bureaucracy leading to a high cost economy are overshadowing the current administration's success

Riyadi Suparno, Jakarta – After more than a week of assessment, the International Monetary Fund has praised Indonesia's overall economic performance and the policy directions pursued by

Jakarta – The government must continue strengthening Indonesia's economic fundamentals if it wants to sustain average economic growth of 5 percent per year, the International Monetary F

Bill Guerin, Jakarta – An incident of bullying, threats and violence on a basketball court at Jakarta's top school for expatriate children has brought Southeast Asia's biggest economy f

Rachmat Gobel, Jakarta – In recent years, there has been an exodus of international companies from Indonesia. Kyocera is just one of the most recent examples.

Urip Hudiono, Jakarta – Monthly inflation began to ease in April from its sharp rise in March, but still leaves year-on-year inflation unchanged above the 8 percent level, official figu

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Bill Guerinl, Jakarta – Indonesia is one of the most resource-rich countries in the world, with coal, gold, bauxite, nickel, copper, silver, tin and iron ores being its main mineral dep

Leony Aurora, Jakarta – The legal battle over a ruling by the Business Competition Supervisory Commission (KPPU) on the sale of two tankers by Pertamina looks set to return to square on

Jakarta – After eight years in the garment industry, Supena is savvy enough to know that one must keep abreast of the latest trends to stay in business.

Riyadi Suparno, Tanjung Benoa (Bali) – Australian and Indonesian businesspeople are of the view that investment opportunities in Indonesia are abundant – especially in the infrastructur

Vincent Lingga, Jakarta – Is the government so strapped for cash that it failed to pay Pertamina Rp 23 trillion (US$2.42 billion) in fuel subsidies for the first quarter?

Jakarta – When Amisah, 47, and her husband opened their business at Senen Market in Central Jakarta in 1976, their income steadily increased until it reached as high as Rp 75,000 (US$8.

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Jakarta – The Business Competition Supervisory Commission (KPPU) is looking into allegations that the city administration has violated regulations on hypermarket development in the capi

Vincent Lingga, Jakarta – Apparently buoyed by its success in ushering in the unpopular policy of increasing fuel prices, the government is preparing another politically sensitive measu

Leony Aurora, Jakarta – As part of its efforts to stem the steady decline in the country's oil output, the government is preparing incentive packages to lure investors to operate in mar

Jakarta – National flag carriers Garuda Indonesia has fired its entire 13-member board, in a government move to improve the management of the carrier and its financial performance, a mi

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Bill Guerin, Jakarta – As Indonesian President Susilo Bambang Yudhyono and several of his ministers were wooing investors in Singapore last week, the Indonesian affiliate of French oil

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Fabiola Desy Unidjaja, Jakarta – Indonesia imported about 300,000 barrels per day (bpd) of processed fuel last year to meet domestic demand for the oil-based commodity, according to the

Jakarta – For Moudy Lintuuran, expanding her rubber supply business was not easy.

Cutting beaurocratic red tape has been marked as a priority area by foreign investors interested in Indonesia.

Tom McCawley, Banda Aceh – In a crammed row of storefronts, only Joy Optikal, an eyeglasses shop, has reopened on a dusty street of the tsunami-battered city of Banda Aceh.

Urip Hudiono, Jakarta – Despite pre-election jitters and a final-quarter slowdown, the economy in 2004 still managed to grow by 5.13 percent, continuing a steady four-year improvement,

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Anton Muhajir, Denpasar – It was drizzling that Saturday, but Ketut Karja and his two friends were still working in their rice field in Legian, on the outskirts of north Kuta.

Jakarta – The House of Representatives (DPR) has rejected a government's plan to merge state-owned Bank Tabungan Negara (BTN) with a publicly-listed state bank.

Fabiola Desy Unidjaja, Jakarta – Indonesia's economy grew faster than projected last year, thanks to continued robust spending and signs of investment revival, Coordinating Minister for

Sydney – Woodside Petroleum Ltd said the 5 billion AUD Greater Sunrise gas project in the Timor Sea is stalled but remains viable.

The public furor over the 8.14 percent increase in tap water rates charged by PAM Jaya could scare off investors intending to submit bids for 91 infrastructure projects over the next fe

Fabiola Desy Unidjaja, Jakarta – While the legal battle involving Total E&P Indonesie – a local affiliate of French oil giant Total SA – and its contractors is only in its early sta

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Leony Aurora, Jakarta – The World Bank expects investment in Indonesia to grow by 15 percent this year, but warns that further measures to improve the investment climate must be taken t

Rendi A. Witular, Jakarta – The government will raise fuel prices by up to 30 percent in the first quarter of this year in a bid to lower the fuel subsidy.

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Melbourne – Tiny East Timor will open the door to a growing queue of foreign oil and gas explorers later this month when its parliament is due to pass the country's first petroleum laws

Natural gas reserves in Indonesia have risen by 7.45 trillion standard cubic feet (TCF), thanks to new reserves found in either new sites or existing fields, the Ministry of Energy and

Urip Hudiono, Jakarta – Global acknowledgement of the country's macroeconomic stability, as evident in the recent upgrading of Indonesia's debt rating, would boost positive sentiment in

Rendi A. Witular, Jakarta – Today marks the 100th day of the administration of President Susilo Bambang Yudhoyono.

Vincent Lingga, Jakarta – The President's lack of leadership to act firm and fast in resolving the government's four-year dispute with Cemex over the Mexican company's investment in the