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Fabiola Desy Unidjaja and Rendi A.

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Sumitomo Corporation Chairman Kenji Miyahara, who is also vice chairman of the powerful Nippon Keidanren (Japanese Economic Federation) talked to The Jakarta Post's Kornelius Purba on S

Bill Guerin – Indonesia's economy, the biggest in Southeast Asia, may not be badly hit by the devastating tsunami disaster.

Jakarta – Many people in the automotive industry are really happy these days with the handsome bonuses they have received after achieving or even surpassing sales targets and other perf

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Jakarta – Indonesia's economy has been given a real boost by recent promises of financial reform.

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Dadan Wijaksana, Jakarta – The Constitutional Court will soon rule on the validity of the current oil and gas law, but industry executives are gravely concerned that an annulment could

James Rose – Indonesian and international groups have called for a halt to BP's Tangguh liquefied natural gas project in Indonesia in a letter to BP chief executive Lord Browne, citing

Evi Mariani, Jakarta – Billions of rupiah in change from traffic fines remain idle at a state bank, as most people have been reluctant to go to court over traffic tickets and preferred

Jakarta – The International Monetary Fund (IMF) is upbeat on this country's economy, saying it could expand even more than predicted, due mostly to a favorable market response to the pe

Timothy Mapes, Jakarta – BP PLC's plans to invest about $5 billion in a natural-gas project in Indonesia's remote eastern region are coming under fire from human-rights groups, which ch

John Aglionby, Jakarta – Three hundred non-governmental organisations and individuals yesterday wrote to Lord Browne, the chief executive of energy group BP, to express their "mounting

Bill Guerin, Jakarta – Indonesia's prolonged transition to democracy may have distracted it from issues tied to its Association of South East Asia Nations (ASEAN) membership and lessene

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The Jakarta Post, Jakarta – Bank Indonesia is asking the government to carefully consider the timing of its plan to raise domestic fuel prices next year, so as to keep its effect on the

Jakarta – A number of Japanese investors complained to the Minister of Industry Andung A.

State-owned Bank Mandiri, the nation's largest bank in terms of assets, estimates that lending may grow by at least 20 percent next year on the back of rising business confidence and im

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We are quite apprehensive about the real objective behind the government's plan to grant a tax amnesty.

Urip Hudiono, Jakarta – Despite improving interest rates and a peaceful election year, legal uncertainties remain the main obstacle for Indonesian firms in obtaining business finance, a

Jakarta – Exports in October jumped by 46 percent from the same period last year, defying earlier concerns that the country was losing its share in the export market due to tougher comp

Dadan Wijaksana, Jakarta – The public will pay up to 40 percent more for fuel by early next year, as the government insists on raising the price of the commodity in order to lower subsi

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Delight and relief after the successful elections lifted the Consumer Confidence Index (CCI) by 6.2 percent to a 37-month high of 105.8 in October, Danareksa Research Institute (DRI) an

Urip Hudiono, Jakarta – The government is considering revising upward next year's state budget deficit to 1 percent of gross domestic product (GDP) from a previous projection of 0.8 per

Leony Aurora , Jakarta – The year 2004 has been a good one for Imelda Ladianto.

Urip Hudiono, Jakarta – A hike in domestic fuel prices next year – if carefully planned and carried out – will have only a limited effect on the inflation rate, Bank Indonesia has said.

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 – 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

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 – 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

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.

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

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.

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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