Jakarta – Jakarta stocks edged higher on Thursday, but the market was under pressure from rumours, later denied, that politically isolated President Abdurrahman Wahid would sack the arm

Jakarta – Indonesia needs around US$28.45 billion in new investment over the next 10 years to stave off a power crisis which has begun to hit some parts of the country.

Robert Go, Jakarta – Frustrated with the lack of recovery and stability at home, many Indonesian businessmen are scouting for opportunities and investing abroad just when the country ne

Robert Go, Batam – Foreign investors yesterday signalled to the Indonesian government that they wanted a more concrete reform process in place before they could become confident about i

Robert Go, Jakarta – Iced coconut juice seller Budiman, 43, set down his 30-kg gear wearily and fanned himself with a folded tabloid newspaper that occasionally also serves as his sun-s

Jakarta – The World Bank has expressed its full support of the government's fiscal adjustment package, which contains various measures to prevent the 2001 state budget deficit from grow

Pip Hinman – The International Monetary Fund is tightening the screws on President Abdurrahman Wahid to deliver on austerity measures in return for its US$5 billion bailout package.

Lindsay Murdoch, Jakarta – As Abdurrahman Wahid prepares to face a second parliamentary censure of his presidency on Monday, concern is growing in Jakarta that Indonesia's economic reco

Robert Go, Jakarta – An IMF review team slipped out of Jakarta late Tuesday night without resolving its stalled US$5-billion bailout programme here, signalling the agency's lack of conf

Jakarta – Up to US$300 million of mining investments in Indonesia are caught in legal limbo because of a new ban on mining in protected forests, said the Indonesian Mining Association (

Jakarta – Indonesia received a symbolic boost of confidence from donor countries yesterday, but was told in clear terms that further funds will be tied to definitive progress on several

Jakarta – Indonesia on Monday outlined five key steps to keep its budget deficit at the forecast 3.7 percent of gross domestic product in 2001 amid fears of an uncontrollable blowout.

Robert Go, Jakarta – Chief security minister Susilo Bambang Yudhoyono yesterday advised foreign businesses to start dealing directly with local administrations, in the clearest admissio

Robert Go, Jakarta – Indonesia and the International Monetary Fund broke an impasse over the country's swelling budget deficit problem yesterday, but the obvious solution proposed by th

Jakarta – East Timor's economy has rebounded strongly after violence destroyed the tiny half-island territory nearly two years ago, with 15 percent growth forecast for 2001 and 2002, th

Farida Husna, Jakarta – The International Monetary Fund told the Indonesian parliament Wednesday that a new letter of intent will only be signed after the current state budget is revise

Jakarta – The International Monetary Fund (IMF) has asked the government to shelve several large projects this year in a bid to rescue the troubled state budget, according to a source.

Jakarta – The World Bank canceled the second US$300 million tranche of its $600 million social safety net adjustment loan on request from the Indonesian government, a Cabinet minister r

Jakarta – Indonesian officials fear the government might not meet its 6.5 trillion rupiah privatisation target this year amid weak markets.

Jakarta – Black market activities over the past three years have contributed to the worsening of the economic crisis, former manpower minister Bomer Pasaribu said.

Jakarta – Indonesia is unlikely to reach its targeted 4.5 percent to 5 percent economic growth rate in 2001 on account of lower-than-expected economic activity and investment, deputy go

Jakarta – The International Monetary Fund's (IMF) director for the Asia-Pacific, Anoop Singh, is optimistic that the Fund's meeting with the Indonesian government to discuss the Letter

Robert Go, Jakarta – Indonesia's Parliament and government are close to splitting control of the Central Bank and unravelling the bank's politically independent status, a move that is s

Robert Go, Jakarta – The Indonesian government will step up tax-collection efforts, including the targeting of foreigners now living in the country, to boost revenues and control a moun

Jakarta – Indonesia's major creditors have agreed to roll over the country's debt repayment based on an agreement in the Paris Club of official creditors, a report said on Tuesday.

Jakarta – Indonesia's finance minister on Monday warned the 2001 budget deficit could be wider than expected, hit by a weak rupiah, high interest rates and low oil prices.

Linda Silaen, Jakarta – The International Monetary Fund has warned the Indonesian government of the possibility of a higher-than-expected deficit in the state budget this year due to a

Jakarta – Indonesia's central bank said on Friday it expects to keep raising interest rates to help ease inflationary pressures stemming from the battered rupiah, but hoped the rise wou

Jakarta – All economic reform targets stated in the latest Letter of Intent (LoI), which has been agreed by the International Monetary Fund (IMF), have basically been completed, accordi

Jakarta – The rupiah dropped on Monday by 2 percent to its lowest level since October 1998 amid worsening ethnic violence in Central Kalimantan and problems with the International Monet

Hamish McDonald – The World Bank warned yesterday that if a political or economic crisis broke out in Indonesia it would cease all new lending until stability is restored.

Jakarta – Indonesia's Supreme Audit Board said yesterday that government departments, including the presidential office, had misused 8.05 trillion rupiah (S$1.5 billion) last year.

Washington – The International Monetary Fund sought Friday to reassure financial markets that it wasn't turning away from engagement with Indonesia, following speculation in Indonesia t

Jakarta – The Supreme Audit Agency disclosed on Thursday that it found 1,760 instances of financial irregularities involving a total sum of more than Rp 11.8 trillion (US$1.2 billion) i

Indonesia's stock market watchdog has issued a ruling allowing mainly listed firms to make substantial transactions without shareholder approval as part of efforts to revive the indebte

Jakarta – The Supreme Audit Agency (BPK) has found irregularities involving over Rp 260 billion (about US$27.36 million) in insurance firm PT Tugu Pratama Indonesia, which is owned by s

Indonesia's top economics minister left yesterday for crucial talks with the International Monetary Fund, after an advisory panel warned that the country's fragile economy would not rec

Jakarta – Indonesia said yesterday that a number of mining companies have suspended exploration due to uncertainty over new regional autonomy laws and warned that this could hit the eco

Jakarta – Indonesia's economy grew 4.77 percent last year but is likely to slow to around four percent this year, the government said Tuesday.

Derwin Pereira, Karta – Prominent international economic advisers yesterday called on Indonesia not to sever ties with the International Monetary Fund (IMF), even if pressure for reform

Warren Caragata – Before Indonesia can truly get back to the job of successfully running and economy, the nation needs a functioning financial system. It is only a dream.

Jakarta – Indonesia's chief economics minister Rizal Ramli lashed out at the International Monetary Fund (IMF) Thursday over its dissatisfaction with Jakarta's restrictions on borrowing

Jakarta – Finance Minister Prijadi Praptosuhardjo insisted on Monday that fuel prices must be increased by 20 percent in April to meet urgent budget needs, indirectly disputing a remark

Stephen Fidler, Washington – The International Monetary Fund has warned Indonesia its proposed central bank reforms could jeopardise release of new IMF loans.

Joe Leahy, Hong Kong – The Jakarta stock market has a reputation for defying gravity and the first few weeks of this year have been no exception.

Robert Go, Jakarta – Fed up with Indonesia's political paralysis and craving more stability, foreign investors are not only staying away from the country, but have also started taking t

Shoeb Kagda, Jakarta – Indonesian bumiputra business conglomerate Bakrie and Brothers and state-owned airline Garuda have reached landmark debt restructuring deals – but analysts say ma

Shefali Rekhi – The man behind the reforms and privatisation efforts of Indonesia's state-owned enterprises has criticised his government for the slow progress in its privatisation proc

Derwin Pereira, Jakarta – Banking magnate James Riady's conviction for illegal funding of US politicians will ruffle feathers in the US Congress and government but is unlikely to scare

Jakarta – Mining and Mineral Resources Minister Purnomo Yusgiantoro said yesterday that a presidential decree will soon be issued to delay handover of mining autonomy to the provincial