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

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

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.

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

Gary LaMoshi, Denpasar – If you worried about the economic impact of the bombing of the JW Marriott in Jakarta on August 5, you're behind the times.

Jakarta – The International Monetary Fund Friday praised Indonesia's 2004 budget proposal, which aims to reduce the budget deficit to 1.2% of the gross domestic product from 1.8% this y

Jakarta – After completing its 10th review of Indonesia's economic reform program, the International Monetary Fund (IMF) praised the stable performance of the country's financial market

Jakarta – Investment activity in the country remains in the doldrums with the Investment Coordinating Board (BKPM) revealing a bleak picture of investment during the first seven months

Jakarta – Indonesia can still achieve its growth target for this year despite last week's deadly bombing at the JW Marriott Hotel in Jakarta, a senior International Monetary Fund (IMF)

Bryan Lee – The bomb blast in Jakarta earlier this week may have left several dead and many injured, but investor sentiment in Indonesia seems to have been largely unscathed.

Bill Guerin, Jakarta – Indonesia is bracing itself for more hardship following Tuesday's Jakarta hotel bomb attack.

Ari A. Perdana, Jakarta – The wounds have yet to heal.

There seems to be little doubt that the Marriott hotel was targeted because it is US-owned and frequented by foreigners.

Jakarta – The economic policies taken by the administration of President Megawati Soekarnoputri have failed to push for the higher economic growth needed to create more jobs, economists

Jakarta – Indonesia is on track to achieve its full year budget target, the International Monetary Fund's country representative David Nellor, said Friday.

Robert Go, Jakarta – Indonesia's new copyright laws promise a tough bite.

Reports from Indonesia say the government is set to drastically scale down its five year link with the International Monetary Fund.

Jakarta – The International Monetary Fund (IMF) on Tuesday welcomed Indonesia's decision to end its five billion dollar IMF assistance program and to enter into post-program monitoring

Tony Sitathan, Jakarta – Just as they have in the developed world, big-box hypermarkets, which are taking over the top end of the retail trade, are causing severe dislocations in the re

Jakarta – The rupiah rebounded slightly on Friday amid market talks that Bank Indonesia had sent inspectors to foreign banks that were aggressively selling the local unit.

Bill Guerin, Jakarta – The forced sale of one of the world's biggest coal mines appears set once again to damage Indonesia's reputation severely as a destination for mining investment a

Robert Go, Jakarta – Indonesia will not seek more loans from the International Monetary Fund (IMF), in a decision that should signal clearly that the country is finally out of its crisi