Robert Go, Jakarta – A lack of investment in Indonesia's power sector has forced the government to schedule regular blackouts in more than 30 regions across the country.

Jakarta – Indonesia's economic growth in the next few years will be too low to lift millions of its people out of poverty, the Asian Development Bank (ADB) said Tuesday.

Jennifer Chen, Singapore – Ratings agency Standard & Poor's said on Tuesday Indonesia's long-term sovereign ratings are still at risk of a downgrade to "selective default" despite r

Jakarta – Indonesia continues to fall further behind China and Thailand in the competition for Japanese investment, and it could be overtaken by Vietnam and India if it does not take im

Devi Asmarani, Jakarta – Indonesia's longest-running television station, the state-owned Televisi Republik Indonesia (TVRI), may go off air if it fails to pay the millions of dollars it

Berni K.

Jakarta – Indonesia's economy will grow by up to 3.8 percent this year and inflation will be fall to 9.5 percent under an optimistic scenario, Central Bureau of Statistics head Sudarti

Jakarta – The rupiah broke through on Tuesday the Rp 10,000 level against the U.S.

Robert Go, Jakarta – From his small electronics kiosk in Jakarta's Glodok market, Mr Gunawan sells imported 21-inch Sony televisions for 4.1 million rupiah (S$780) each, but a similar s

Jakarta – Indonesia's inflation rate in February rose 1.5 percent from January and 15.13 percent from a year earlier, it was announced Friday.

Jakarta – Indonesia announced a rise in January exports Friday in what one analyst called a good sign for the country's economy.

Robert Go, Jakarta – Indonesia's grand scheme to rev up its economy by revitalising four key industries has been branded unrealistic by businessmen and analysts.

Devi Asmarani, Jakarta – Islamic organisations are making their mark on Indonesia's economy with growing operations in the retail, manufacturing and banking sectors.

Jakarta – The Indonesian government has decided to delay the privatisation of mining concerns PT Tambang Timah and PT Aneka Tambang due to weak commodity prices, State Enterprises Minis

Jakarta – The Indonesian government – which is starved of funds to help the country's poor – will increase pressure on former bank owners to repay billions of dollars in state loans, th

Devi Asmarani, Jakarta – More Indonesian banks are converting themselves into Syariah banks as people become "more Islamic" and their trust in the conventional banking system erodes.

Jakarta – Indonesia's unhusked rice production is forecast to reach 48.65 million tonnes this year, 1.9 percent less than 2001, an Indonesian Central Bureau of Statistics (BPS) official

Jakarta – Indonesia announced Monday its economy grew by 3.32 percent last year, lower than the government's forecast of 3.5 percent but higher than many of its neighbours.

Robert Go, Jakarta – Some recent developments suggest that Indonesia's economy is moving on the right track, but observers also warned that there is no light at the end of the tunnel ye

Jakarta – The International Monetary Fund (IMF) called Wednesday for a "clear strategy" from the Indonesian government to recover loans worth billions of dollars which were extended to

Jakarta – The Indonesian government's foreign debt totalled 71.4 billion dollars at the end of last year, top economics minister Dorodjatun Kuntjoro-Jakti said Monday.

Jakarta – Moody's Investors Service said Thursday that Indonesia's B3 country rating and stable outlook reflected the continued fragility of its access to foreign loans.

Berni K.

Dadan Wijaksana, Jakarta – Total exports fell by 9.8 percent to US$56.03 billion last year, the biggest percentage decline in 12 years, the Central Bureau of Statistics (BPS) said on Fr

Robert Go, Jakarta – President Megawati Sukarnoputri's economic team shows signs of wear and tear after six months in office, as Cabinet members slug it out over a controversial debt-ex

Jakarta – Indonesian exports fell 9.8 percent in 2001, the biggest percentage slump in 12 years, the Central Bureau of Statistics said Friday.

Jakarta – Inflation in Indonesia rose 1.99 percent in January and surged 14.42 percent year-on-year, the Central Bureau of Statistics said Friday.

Jakarta – Flooded areas in Jakarta, Tangerang and Bekasi have paralyzed economic and office activities since the last three days in the capital.

Damar Harsanto, Jakarta – State-run oil and gas company Pertamina revealed on Friday how it misled the public about the price of kerosene.

Ahmad Junaidi, Jakarta – Owing to the rising costs of fuel and spare parts, the city administration has said that it will soon increase city bus fares by between 10 and 20 percent.

Berni K.

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

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

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.

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.

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

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.

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

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

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

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

Berni K.

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