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

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.

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 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

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

Zakki P.

Dadan Wijaksana, Jakarta – Mr.

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

Rendi A.

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.

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 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.

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

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.

Rendi A.

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

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

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

Rendi A.

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

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

Zakki P.

Bill Guerin – As incoming president Susilo Bambang Yudhyono prepares to step into the palace, a mercurial dispute between US-based Newmont – the world's biggest gold producer – and Indo

West Papua has never been known to the world politics, except for its rich natural resources.

Ridwan Max Sijabat, Jakarta – The likely president-elect Susilo Bambang Yudhoyono must uphold legal certainty and security, and phase out the high-cost economy to encourage investment a

The Jakarta Post, Jakarta – Jakarta stock prices are expected to further consolidate this week as the bullish sentiment stemming from last week's smooth presidential election has alread

Heather Draper, Denver – Freeport-McMoRan Copper & Gold Inc.

Sari P. Setiogi and Fabiola Desy Unidjaja, Jakarta – The United States Embassy has criticized the Indonesian police for detaining without charge several executives of P.T.

Jakarta – The ability of Mr Susilo Bambang Yudhoyono, who is poised to become the country's sixth president, will be sorely tested when he comes to grips with the country's fuel subsidy

Indonesia's outgoing President Megawati Sukarnoputri has addressed the nation's highest Assembly, the MPR, detailing her achievements over three years in office.

Michael J. Webdell, Jakarta – Nike, Samsung, Tommy Hilfiger, Guess, Sony: These are just a few brands popular to people across the world.

Dadan Wijaksana, Jakarta – Waves of optimisms greeted the trouble-free runoff vote on Monday, with experts hailing the smooth process as a powerful starting point towards the much-neede

Jakarta – Amid reports of a continuing slump in foreign direct investment (FDI), Indonesia is in for even gloomier prospects after the recent Australian Embassy bomb attack, according t

Tony Hotland, Jakarta – The government must establish a "country borrowing strategy" and improve the distribution mechanism of foreign loans to regional administrations to ensure the ef

Low competitiveness in the country's manufacturing products is a major obstacle in the efforts to push economic growth, according to a senior economist.

Jakarta – The rupiah, having weathered a huge shock last week following the latest bomb attack in the country, is likely to move within a narrow range this week with pressures slowly dw

Although the financial market in Jakarta did not panic after Thursday's bomb attack – ear the Australian embassy compound, it is no longer business as usual in so far as the market's pe

Bill Guerin, Jakarta – Six years after a banking bail-out that cost some US$60 billion (Rp555 trillion), Bank Permata, Indonesia's second-largest bank and the last of the nationalized b

Kiki Verico, Jakarta – On July 31, 2004 in Geneva, Director General Supachai Panitchpakdi successfully led the meeting of 147 WTO member governments to approve "the package of framework

Phar Kim Beng – With the price of oil hovering around US$40 per barrel, it is easy to assume that the oil-producing countries are laughing all the way to the bank.

Bill Guerin, Jakarta – "Of course the risks are high.