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.

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 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.

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.

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 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

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 (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

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