Jakarta – Indonesia's main aid donors on Wednesday pledged up to 4.7 billion dollars in loans to support the country's 2000 budget but deferred a decision on rescheduling 2.2 billion do

Jakarta – The violence and political uncertainty enveloping Indonesia pose serious risks for the economy and investment, but those willing to take their chances could reap huge rewards.

Jakarta – The World Bank today gave its seal of approval to the new government of Indonesian President Abdurrahman Wahid for its handling of economic affairs during its first 100 days i

Jakarta – The Indonesian government faces an uphill task to stay on the road to recovery this year and will need loans of between 4.2 billion dollars and 4.7 billion dollars from its ma

Jakarta – President Abdurrahman Wahid has nominated reform of the legal and regulatory system as central to Indonesia's economic recovery and development.

Tim Dodd, Jakarta – President Abdurrahman Wahid expects his first Budget, which tries to meet a multitude of conflicting economic challenges, to return Indonesia to pre-crisis growth le

Jakarta – Indonesia's new Government unveiled its first Budget yesterday with pledges to reform the bankrupt banking sector.

Andrew Marshall, Jakarta – Indonesia's powerful bank restructuring agency went on the offensive on Tuesday in the battle over control of the country's largest automaker, Astra Internati

Jakarta – The government will intensify taxation efforts and reduce new foreign borrowing and investment spending to control the budget deficit for the 2000 fiscal year at a maximum of

Reuters, Tokyo – Indonesia faces a bank-sector meltdown and a political break-up that could trigger a financial crisis, according to a senior official of the Japan Bank for Internationa

Rin Hindryati – Indonesian ad agencies say their business is heating up, thanks to improving consumer demand and a strong holiday season.

Michael Shari, Jakarta – Indonesia is preparing to take stern measures to regulate its debt-plagued financial system.

Agence France Presse, Jakarta – The central bank may have violated procedures relating to US$11 billion worth of emergency liquidity for debt-ridden banks during the Asian financial cri

Jakarta – The office of Indonesia's Minister for State Enterprises said fertiliser company PT Pupuk Kaltim, coal mining company PT Bukit Asam and plantation operators PTPN II and IV are

Jakarta – The country's property sector is predicted to show a healthy growth in 2001 if the economy continues to be on the right track to recovery.

Jakarta – Share prices on the Jakarta Stock Exchange (JSX) ended the year with a 70% gain, making the bourse one of the world's best performing markets.

Jakarta – Indonesia's trade surplus in November slid 7.8% to $2.35 billion from $2.55 billion in October, raising concerns that it may take some time to revive non-oil exports despite t

I Made Sentana, Jakarta – Indonesia's inflation rate of 2.01% in December was higher than analyst expectations of a 1.62% rate.

Jakarta – Indonesia's economy is predicted to grow by between three and four percent in 2000 in a new expansion phase following two years of political, economic and financial turmoil, a

Jakarta – The Indonesian government will impose import duties of 30 percent on rice and 25 percent on sugar from January 1, reports said Friday.

Jakarta – The offshore debt of the Indonesian government in the fiscal year ending next March is estimated to reach 71.9 billion dollars, a report said here Saturday.

Jakarta – Indonesia should post Gross Domestic Product growth of 1.8% in the year to March 2000, according to a draft of the government's latest letter of intent to the IMF, obtained Fr

Dan Murphy, Jakarta – Indonesia's economy is finally showing signs of life thanks to a peaceful presidential election, a new president who has proved acceptable to the majority of the I

Dan Murphy, Jakarta – Indonesia's new government is facing a dilemma as restive provinces such as Aceh, Irian Jaya and Riau clamour for a bigger share of the revenues from their natural

Jakarta – The government and the International Monetary Fund (IMF) are still at odds over the questions of when and how much to increase the price of fuel and electricity.

Indonesia's rice market is nervously waiting for the government's final decision on an import tariff while players' reluctance to sell their stocks has triggered price hikes, traders sa

Jakarta – Indonesia will slow down foreign borrowings and focus more on the domestic bond market to fund government projects, Finance Minister Bambang Sudibyo said Wednesday.

Edhi Pranasidhi, Jakarta – Indonesia's senior economic minister Kwik Kian Gie said the government plans to sell majority stakes in state-owned PT Telekomunikasi Indonesia (TLK) and PT I

Raj Rajendran, Singapore – Indonesia will seal its next letter of intent with the International Monetary Fund (IMF) in time to meet its budgetary obligations, Indonesia's chief economic

Jakarta – The Indonesian banking sector recorded a combined operating loss of 52.094 trillion rupiah (7.1 billion dollars) in the 10 months to October compared to a loss of 177.02 trill

Jakarta – Israel has quietly invested 200 million dollars in Indonesia, the world's largest Muslim-populated nation, via foreign companies, Indonesian President Abdurrahman Wahid has sa

Ted Bardacke, Jakarta – Indonesian president Abdurrahman Wahid yesterday formed an economic advisory council chaired by Emil Salim, a cabinet minister under former President Suharto.

Jakarta – Around 75 percent of Indonesia's forthcoming state budget would be earmarked to repay domestic and foreign debts, an economic observer said.

Shoeb Kagda, Jakarta – International investor confidence is slowly returning to Indonesia, with upscale commercial properties and companies in export-oriented businesses fast-becoming p

Despite current depressed prices and rental values, Chan Fookkheong sees opportunities for capital gains for cash-rich investors

Jakarta – Indonesia's consumer price index (CPI) rose 0.06% in October from September, and was up 1.58% from a year earlier, the Central Bureau of Statistics said Monday.

David Liebhold – The Asian financial crisis of 1997 helped bring down Suharto, so President Abdurrahman Wahid had better pay attention to economics if he wants to hold onto power – and

Noel Fung, Jakarta – Uncertainty over the economic policies of the new cabinet and the fact that many of its ministers lack a track record is set to damp investor interest in Jakarta st

Jay Solomon – Indonesia's prospects of a rapid economic recovery have been dashed by the confluence of political uncertainty, financial scandal and the bloodletting in East Timor.

Lewa Pardomuan, Jakarta – Violence between Indonesian troops and separatists is hurting the local economy and scaring off investors in the northern Sumatran province of Aceh.

Washington – Events in East Timor and the Bank Bali scandal threaten to derail Indonesia's fragile economic recovery but it has not yet been knocked completely off track, the World Bank

Andrew Marshall, Jakarta – Indonesia's decision to allow an independent auditor to probe a damaging banking scandal has backfired spectacularly – instead of placating foreign donors and

Grainne McCarthy, Jakarta – The drastic deterioration in relations between Indonesia and Australia over East Timor threatens to damage trade and investment between the two countries, bu

Washington – The International Monetary Fund has suspended discussions with Indonesia on its economic program, a fund spokesman said Friday.

Jakarta – Consumer prices in Indonesia fell 0.93 percent in August from July, the sixth consective monthly fall this year, Central Bureau of Statistics chief Sugito Suwito said Friday.

New York – The International Monetary Fund Friday issued a blunt warning to the Indonesian government to quickly get to the bottom of a scandal involving PT Bank Bali and a senior offic

Hong Kong – The Review has obtained a confidential report prepared for the central bank by consulting firm McKinsey & Co.

Richard Borsuk, Jakarta – A top aide to Megawati Sukarnoputri, saying it is currently impossible to use a fixed rupiah exchange rate, reaffirmed that an Indonesian government led by her

Jay Solomon, Jakarta – Investors are registering a major vote of confidence in Indonesia's freest election in nearly a half century.

Jakarta – Indonesia yesterday reported a collapse in foreign investment approvals, a heavy economic blow blamed on fears of growing violence in the run-up to elections.