Jakarta – The amount of bank credits extended in 2004 will not exceed credits disbursements by banks in Indonesia in 2003, analysts have predicted.

John McBeth, Jakarta – PT Freeport Indonesia has cut its 2004 sales forecasts by nearly one-third after a second landslide in three months forced it to reconfigure the slopes of its gia

Leony Aurora, Jakarta – The country's commercial banks are expected to see slower growth in time deposits and savings this year due to continuing declines in interest rates and other fa

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Bill Guerin.

Bill Guerin, Jakarta – Jakarta plans to sell small stakes in three state-owned mining companies this year as part of efforts to meet its privatization target of Rp5 trillion (US$590 mil

Jakarta – Indonesian Finance Minister Boediono said Indonesia's economic growth would persist if the next election was run well and the political situation remained stable.

Dadan Wijaksana, Jakarta – Inflation rose by 0.94 percent in December from the previous month, bringing the total inflation in 2003 to 5.06 percent, the lowest year-on-year rate in four

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Surabaya – PT Telkom Managing Director Kristiono said here Friday the structure of telephone rates in Indonesia, especially those for fixed phones, were not attractive to investors.

Dadan Wijaksana, Jakarta – It has been six years since the banking sector started its restructuring efforts.

Fitri Wulandari, Jakarta – The government expects investment in oil and gas, as well as power sectors, to improve next year on the back of attractive oil and gas resources and the liber

Dadan Wijaksana, Jakarta – The Indonesian Bank Restructuring Agency (IBRA) has so far handed over Rp 26.1 trillion (about US$3.1 billion) to the state coffers from its assets sale progr

Jakarta – Indonesia's economic growth rate in 2004 will increase to between 4.2 and 4.4 per cent despite the possibility of heightened tensions at home during the general and presidenti

Fitri Wulandari, Jakarta – The country's economic growth is projected to remain at a moderate level of around 4 percent next year as uncertainty during the seven-month voting and campai

Jakarta – The International Monetary Fund has concluded its high-profile role in designing the country's economic reform program over six years with the announcement late last week of i

Shawn Donnan and Taufan Hidayat – From the perspective of Hansen Kurniawan's cookie shop in Jakarta's Pasar Minggu market, the International Monetary Fund's performance in Indonesia is

Robert Go, Nusa Dua – Something unexpected happened while Mr Iin Arifin Tahyan was speaking about the need for Indonesia to get more energy-sector investments during a high-profile conf

Bill Guerin, Jakarta – While the news this week that the European Union, the US and Canada are to end the current textile quota system to meet a World Trade Organization ruling is a sev

Bill Guerin, Jakarta – Indonesia's director general of taxation, Hadi Purnomo, under strong pressure to increase income tax receipts, has responded by using gijzeling – the Dutch term f

Jakarta – Approved foreign investment in Indonesia rose sharply in the first ten months of this year to US$9.31 billion from $6.81 billion a year earlier, the National Investment Coordi

Bill Guerin, Jakarta – Indonesia's House of Representatives, now debating privatizing the country's water supply, should probably take a close look at the one place in the nation where

Bill Guerin, Jakarta – Having consistently failed to reach its privatization targets, and battered once again by a bank lending scandal, the Indonesian government is seeking to sell off

Jakarta – Indonesia's economy might enter a crucial period from April to September next year but its overall situation would not be significantly different from that of this year, an ec

Bill Guerin, Jakarta – The Indonesian Bank Restructuring Agency (IBRA) is trying to sell the government's entire 52 percent stake in what was described last year as the "best Indonesian

Jakarta – Indonesia needs to increase economic growth by at least 7 percent in order to alleviate the state of poverty under which 38 million people live, the economic minister said on

Dadan Wijaksana, Jakarta – The World Bank praised the government's economic reform package laid out in a special White Paper as a program of impressive targets that promises to improve

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Bill Guerin, Jakarta – Indonesia's macro indicators are probably better today than they have been at least since the Asian financial crisis of 1997-98 wrecked the economy.

Muninggar Sri Saraswati, Jakarta – The World Bank may not disburse the third and last tranche of the Water Resources Sector Adjustment Loan (Watsal), worth US$150 million, to Indonesia

Jakarta – The consumer confidence index – which measures the people's perspective on the economic situation – declined in August, Bank Indonesia said over the weekend in its latest repo

Dadan Wijaksana, Jakarta – While many people are worried about the economic outlook for next year because of the legislative elections and the ending of the International Monetary Fund

Jakarta – The International Monetary Fund (IMF) has completed its 10th review of Indonesia's performance under a 5.2 billion-dollar extended fund facility arrangement and approved the r

Bill Guerin, Jakarta – This week yet another glitzy road show will set out to sing the praises of yet another Indonesian bank that has clawed its way back to financial health.

Jakarta – Standard Poor's Ratings Services Wednesday raised its long-term foreign and local currency ratings on Indonesia by one notch to reflect the country's good fiscal performance a

Officials Monday vowed to fight investor perceptions that Indonesia is a haven for corruption and terrorism as a high-level business summit got under way in Bali almost a year after dea

Jakarta – Moody's Investors Service, an international rating agency, has upgraded Indonesia's sovereign rating by one notch, in light of the country's stronger external financial footin

Fitri Wulandari, Jakarta – The government has finally decided not to increase electricity rates for the October-December period this year, amid strong public opposition ahead of next ye

Singapore – East Timor, the world's youngest nation, is struggling to find ways to achieve economic survival and needs external investment, President Xanana Gusmao said Tuesday.

Jakarta – Indonesian business confidence rose in the June and July period for the first time since September last year, in the belief that the economy will fare better during the period

Malang – During its presence in Indonesia, the International Monetary Fund (IMF) formed a "mafia" intent on choking and ruining the nation economcially, a cabinet member said.

Bill Guerin, Jakarta – Defeated by an array of provincial legislatures, local interest groups and plant management, Indonesia's government appears to have thrown in the towel after a fi

Andi M. Sadat, Jakarta – Although the national economy has not fully recovered, some businesses are thriving. The country's major banks are one example.

Rendi A. Witular, Jakarta – Minister of Finance Boediono warned bankers on Friday to remain prudent as the economy would continue to face uncertainties next year.

Dadan Wijaksana, Jakarta-The Jakarta Composite Index surged on Thursday to its highest level in more than three years as foreign funds continued flowing into the bourse.

Bill Guerin, Jakarta – Russian writer Fyodor Dostoyevsky said "there is no subject so old that something new cannot be said about it".

Jakarta – Inflation, as measured by the consumer price index (CPI), rose in August by 0.84 percent, bringing the rate for the first eight months of the year to 2.11 percent, the Central

Indra Harsaputra, Surabaya – As many as 150 out of 250 timber and sawmill companies in East Java have closed down due to the increasing number of levies being imposed by some government

Bill Guerin, Jakarta – Yet another prehensile remnant of the Suharto regime's mismanagement of Indonesia's economy – Bulog, the national foodstuffs monopoly – is about to transformed in