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Riyadi Suparno, Jakarta – The Salim Group is lurking behind the scenes, ready to grab its former jewel in the crown, Bank Central Asia.

Jakarta – Amid mounting concern over the negative impact of its fuel price hike policy, the government said the poor should not be affected as it had allocated to them sufficient compen

Jakarta – The State Logistics Agency (Bulog) said on Tuesday that it would import some one million tons of rice this year, higher than an earlier target of 500,000 to 700,000 tons, to m

Jakarta – An Indonesian parliamentary commission wants the national logistics agency Bulog to resume its control over the price of rice, a legislator said Monday.

Jakarta – Foreign investment in Indonesia dropped by nearly 42 per cent last year due to political instability and increasing lawlessness that the government of President Megawati Sukar

Damar Harsanto, Jakarta – The government's fuel price rises have dealt a blow to public transportation drivers who are complaining that the hike has slashed profit margins.

Robert Go, Jakarta – Yesterday's 22-per-cent hike in fuel prices dealt a second blow within a month to Indonesia's already hard pressed businesses, particularly those operating in the e

Rendi A. Witular, Jakarta – The sharp increases in fuel prices on Thursday boosted the prices of several staples, causing an outcry among the people here.

Max Lane – The Indonesian economy is in a truly parlous state.

Jakarta – The total value of Indonesia's 2002 imports is expected to drop by 10 percent year-on-year, an official said Wednesday.

Devi Asmarani, Jakarta – The Indonesian government has failed to lift the country out of the economic crisis despite initial confidence in the new economic team of President Megawati Su

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Jakarta – Indonesia will not follow Argentina and halt its payment on the nation's public debt, top economic minister Dorodjatun Kuntjoro-Jakti said Monday.

Jakarta – Indonesia signed a new letter of intent with the International Monetary Fund (IMF) yesterday, paving the way for the disbursement of a long-delayed US$400 million (S$732 milli

Jakarta – Indonesia has proposed raising domestic phone charges by an average of 15 percent starting next year in a move which will help state phone monopoly PT Telekomunikasi Indonesia

Jakarta – Indonesia may generate just over half of its targeted 6.5 trillion rupiah (640 million US) in privatisation revenue for the full year, an official said Monday.

Indonesia will get a 400 million dollar loan from the Asian Development Bank (ADB) to help it reform and return its state-owned corporations to private hands, the Philippines-based lend

Indonesia's brief honeymoon with the international donor community appears to be over.

Jakarta – The Indonesian government expects the country's current account surplus to fall significantly this year mainly due to lower oil prices, and to narrow further in 2002 with expo

Jakarta – Indonesia recorded year-on-year growth of 3.47 percent in the third quarter and full-year growth is likely to at least match this, the Central Bureau of Statistics said Thursd

Devi Asmarani, Jakarta – Two new television stations have hit the Indonesian airwaves in the last fortnight, and another two will start broadcasting before the end of the year.

Jakarta – A coalition of Indonesian non-governmental organizations (NGOs) on Thursday called on the country's main donors meeting here to determine their new aid pledge, to allow the go

Joanne Collins and Soraya Permatasari, Jakarta – International donors threw crisis-hit Indonesia a generous lifeline of $3.73 billion in aid on Thursday after one senior official bemoan

Jakarta – Jakarta will maintain the status quo on a local government's unilateral takeover of a major cement firm's affiliate, Home Minister Hari Sabarno said Thursday.

The rupiah plunged to near 11,000 per US dollar late on Monday, the lowest level during President Megawati Soekarnoputri's three-month-old administration.

Ahmad Junaidi, Jakarta – City officials complained on Monday over the interference of city councillors in their drafting of next year's city budget and alleged that they might be tempte

Jakarta – The World Bank on Monday urged Indonesia to immediately defy provincial government attempts to take-over affiliates of state-owned cement producer Semen Gresik, warning the mo

Dean Yates, Jakarta – The World Bank said on Monday it expected Indonesia to "muddle through" its economic woes, adding the most urgent tasks were to ensure fiscal sustainability and im

Robert Go, Jakarta – Running low on rice and other staple goods, Indonesia is mulling over a barter programme with other Asean countries to trade for those commodities using locally pro

Jakarta – Indonesia's state-owned electricity company, PT Perusahaan Listrik Negara (PLN), is seeking foreign loans to avert a likely power shortage in the main islands of Java and Bali

Jakarta – Indonesia's cash-strapped state television station is to start carrying advertising for the first time since it was set up almost 40 years ago, a report said Wednesday.

Jakarta – The House of Representatives finally approved on Tuesday a long-awaited new oil and gas law, which will end the decades-old lucrative monopoly of state oil and gas firm Pertam

Robert Go, Jakarta – Potholed roads, crumbling hospitals, torn school books – that is the bleak picture in store for Indonesia if the government fails to sell immediately some of its as

Shoeb Kagda, Jakarta – As emerging market assets lose their shine in the current global environment, Indonesia faces an uphill task in implementing its privatisation programme, but not

Dadan Wijaksana, Jakarta – The House of Representatives budget committee approved on Monday a government proposal to increase fuel prices by an average 30 percent starting January next

Jakarta – Over 1.3 million visitors have cancelled trips to Indonesia because of heightened anti-American sentiment since the United States launched air strikes against Afghanistan – re

Jakarta – Indonesia stands to lose three million jobs if it decides to sever diplomatic ties with the United States, Minister of Manpower and Transmigration Jacob Nuwa Wea said.

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Jakarta – Indonesia has asked the Asian Development Bank (ADB) to ease conditions required for the release of an up to $600 million loan, an official said on Monday.

Robert Go, Jakarta – Trader Dani Hermawan wants to open shop in Jakarta but cannot find space in a decent location. "Kiosks in malls are tough to get into,' he said.

Robert Go, Batam – After migrating from Medan in July, it took Mr Gunawan Nasution more than two months before finding a job in Batam.

Jennifer Chen, Singapore – The Indonesian rupiah fell past 10,000 to the dollar for the first time since July 31 on Tuesday, trampled in a corporate rush to buy dollars.

Jakarta – Indonesia's plans to win back foreign investment for its troubled economy could falter as the United States and other governments fear for the safety of their diplomats and ci

Jakarta – President Megawati Soekarnoputri said on Thursday that the government was committed to continuing its deregulatory measures in the economic sector.

Jalil Hamid, Jakarta – Indonesia's struggling stocks are bracing for rougher times because of a growing anti-US mood in the country, the world's most populous Muslim nation.

Devi Asmarani, Jakarta – Indonesia's longest-running television station is struggling to stay on the air with depleting financial resources, and there are calls to commercialise the sta

Gde Anugrah Arka, Jakarta – Indonesia is set to introduce a new excise tax scheme which could significantly alter the make up of the lucrative cigarette industry and affect two of the b

Jakarta – The International Monetary Fund (IMF) yesterday described Parliament's approval of the sale of a 51 per cent government stake in Indonesia's largest private retail bank as an

Robert Go, Jakarta – The hard-fought battle over the proposed sale of Indonesia's largest retail bank appears indicative of the concessions the Megawati Sukarnoputri government will hav