Jakarta – Indonesia's central bank has refused an order to freeze the bank accounts of a fugitive son of former president Suharto, saying it has no authority to do so, the state Antara

Jakarta – Per-capita income in Indonesia in the year 2000 stood at between 600 and 700 dollars, almost no improvement over 1999, according to a senior government economist.

Bandar Lampung – Indonesia's human development index has continued to decline over the past two years to reach 109 out of 180 countries.

Tim Dodd, Jakarta – It would seem that Indonesia 's economy is now far from the intensive-care ward where it spent the whole of 1998 on economic life support.

Warren Caragata, Jakarta – Syahril Sabirin is back at work after six months away, and there's something of a celebration on.

Jakarta – Indonesian shares, which dropped 1.7 percent in value in the last trading week of the year and around 35 percent for the year, will need a strong breakthrough and sound govern

Sadanand Dhume, Jakarta – Whoever thinks central banks are dull and stodgy probably hasn't been to Indonesia recently.

Jakarta – The International Monetary Fund (IMF) will disburse its next loan tranche to Indonesia only after the House of Representatives completes a crucial amendment of the central ban

Jakarta – The Financial Sector Policy Committee (FSPC) has issued a new ruling that will provide a legal basis for creditors to accelerate debt restructuring procedures for their debtor

Kornelius Purba, Tokyo – There is strong corporate culture in Indonesia of refusing to honor commitments.

Robert Go, Jakarta – In a development that might send Indonesia's economy into yet another tailspin, International Monetary Fund (IMF) officials warned yesterday of possible delays to t

Simon Montlake, Jakarta – Texmaco, the country's largest corporate debtor, liquidated or diverted ownership of some of its prize assets around the time it was taken over by the Indonesi

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Jakarta – Indonesian share prices, which dropped 1.54 percent over the week, were likely to remain static in the coming week amid ongoing political tension and a holiday-shortened tradi

Robert Go, Jakarta – Potential investors seeking bargains from the restructuring agency, Ibra, might have to keep their wallets buttoned up, if two of the country's biggest tycoon-debto

Jakarta – In the latest blow to Indonesia's shaky economic recovery, five central bank executives have resigned in a dispute over who should shoulder responsibility for a bungled bailou

Jakarta – The World Bank yesterday expressed opposition to a reported Indonesian plan to raise rice import tariffs, saying such a move would contradict the government's stated "pro-poor

Marianne Kearney, Jakarta – Foreign companies in Indonesia are concerned that neither local nor central governments can control the anger of aggrieved local people, making their investm

Robert Go, Jakarta – As the government steps up efforts to enforce tax regulations and collect taxes, some citizens grumble privately that more of their hard-earned rupiah might go to t

Robert Go, Jakarta – Indonesia is planning to crack down on major tax evaders in an attempt to raise state revenues and reduce corruption, a move that could pose serious problems for th

Jakarta – The government has given the former owners of ailing banks taken over by the Indonesian Bank Restructuring Agency (IBRA) until Wednesday to agree to surrender more assets to e

Jakarta – Regional governments in Indonesia have been barred by Jakarta from making deals with foreign countries.

Jakarta – Indonesia promised IMF officials it will direct windfall oil profits towards its staggering debt, accelerate asset sales and move on the privatisation leg of its bank recovery

Jakarta – Indonesia losses US$1.5 billion in revenues due to poaching of fish every year, according to Maritime and Fisheries Minister Sarwono Kusumaatmadja.

Jakarta – Mines and Energy Minister, Purnomo Yusgiantoro, yesterday said that despite the grant of regional autonomy, oil and gas industry operations will still be controlled by the cen

Jakarta – The Indonesian rupiah plunged to its lowest level of the year Tuesday, prompting the government to promise further central bank intervention this week to prop up the ailing cu

Jakarta – Moody's Investors Service said Friday it had upgraded the debt and deposit ratings of eight Indonesian banks, reflecting improvements in their financial fundamentals and in In

David Roche – Back in the heady days of the early 1990s, Southeast Asia was in the middle of an economic miracle.

Jakarta – Indonesia should again be able to achieve rice self-sufficiency, as it did in 1985, Agriculture and Forestry Minister Bungaran Saragih said here yesterday.

Jakarta – The largest crude oil producer in Indonesia says it has lost 30,000 barrels a day of output this year because of civil unrest.

More than 100 institutional investors have shown interest in buying some of the US$62 billion in assets managed by the Indonesian Bank Restructuring Agency (Ibra) at a roadshow in Hong

Tokyo – Activists on Monday urged international donors preparing to meet in Tokyo this week to cut Indonesia's vast debt and tackle wrenching poverty.

Budi Santosa/Hendra & GB, Jakarta – The government has admitted that cash transfers to be used as fuel subsidies have not been distributed uniformly.

Robert Go, Jakarta – The new revenue-sharing formula between Jakarta and regional governments presents a medium-term Pandora's box, but its immediate effect is the reduction of the cent

Jakarta – The government on Saturday raised fuel prices by an average of 12 percent to help offset soaring oil prices in international markets.

Marianne Kearney Jakarta – Malam Minggu or Saturday night is always busy in the glass and granite shopping centres that serve as Jakarta's social hubs.

Jakarta – The economic crisis is still gripping the country, with the number of poor families rising from 6.9 million last year to 7.7 families this year, according to the results of a

Preparing the draft 2001 state budget that will be unveiled to the House of Representatives next week should be one of the most daunting jobs for the one month-old Cabinet, notably its

Robert Go, Jakarta – Indonesia's tycoons are privately selling millions of dollars worth of assets to their foreign partners, but government officials who are just becoming aware of the

Jakarta – The Indonesian government is to open its railways sector to outside capital, allowing foreign investors to hold up to 95 percent stakes in new rail lines, a report said Thursd

Jakarta – The Indonesian government said Tuesday it plans to extend the repayment period for millions of dollars in emergency liquidity extended to banks in 1998 if the bank owners inje

Robert Go, Jakarta – Hunting for an apartment in Jakarta is a walk in the park, unless the objective is to land the priciest of the available bunch.

Jakarta – Coordinating Minister for Economic Affairs Rizal Ramli said Indonesia's five-year National Development Programs plan will adopt a more strategic and selective approach to refl

Jonathan Thatcher, Jakarta – It could be the pre-crisis boom days.

David Liebhold, Jakarta – Stephen Dowling is afraid to start his car these days.

Robert Go, Jakarta – Indonesia yesterday signed its latest set of reform pledges with the International Monetary Fund (IMF) to obtain US$400 million in fresh funds.

Simon Montlake, Jakarta – The Indonesian Bank Restructuring Agency plans to restructure 70% of its major debt cases by the end of this month, Irwan Siregar, a senior IBRA executive, sai

Jakarta – The Cabinet's new economic team is not seeking major changes in the International Monetary Fund-sponsored economic reform program, Bank Indonesia acting governor Anwar Nasutio

Jakarta – Indonesia will set up a new agency to oversee state companies in a bid to speed their privatization, chief economics minister Rizal Ramli said yesterday.

Tim Dodd, Dili – "When the UN pulls out, the whole system's going to crash," says Mr Kirk MacManus, the manager of Hello Mister, Dili's only Western-style supermarket, which is housed i