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.

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

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

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.

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

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

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 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.

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

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

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.

Jakarta – Indonesia's huge public debt is likely to derail its economic recovery, the IMF's Jakarta representative John Dodsworth said Tuesday, urging the new cabinet to make the debt b

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

Jakarta – Multilateral lenders including the International Monetary Fund (IMF), the World Bank (WB) and the Asian Development Bank (ADB) have vowed to support the new Cabinet, particula

Mia Trinephi, Hong Kong – While Indonesia's debt has reached unsustainable levels, the government's immediate options to restructure its debt remain limited, analysts say.

Kafil Yamin, Jakarta – Indonesia's still floundering economy has thrown many families across the country into throes of despair and wreaked havoc on relations between husbands and wives

Robert Go, Jakarta – One of the most amazing outcomes of the recent MPR session must be that the rupiah continued to strengthen even as legislators bashed President Abdurrahman Wahid's

Jay Solomon, Jakarta – The Indonesian state is facing $16 billion in potential losses due to the misuse of emergency loans extended to a number of prominent business groups during this

Washington – The United States has reaffirmed its position that rooting out graft is key to economic growth following Jakarta's move to charge former president Suharto with corruption.

Jakarta – The Central Bureau of Statistics (BPS) announced here on Friday a higher than expected growth rate in the country's gross domestic product (GDP) in the second quarter but busi

Joanna Jolly, Dili – Ethnic-Chinese businessmen trying to re-establish East Timor's economy have become a target for hostility and extortion by the local community.

Jakarta – Indonesia's National Logistics Agency (Bulog) has said that, as rice stocks were still plentiful, there was no need to sign any more contracts to import rice this year.

Jakarta – Indonesia plans to develop two million hectares of new paddy fields outside Java to secure rice supplies for the growing population.

Jakarta – The United States could seize Indonesian assets if Jakarta fails to settle a US$290-million claim by the US government's Overseas Private Investment Corp (OPIC), US Ambassador

Jakarta – Indonesia's parliament has approved income tax cuts that halve the burden on low income earners, as well as a radical new amendment that will provide regional administrations

Jakarta – Regional Autonomy Minister Ryaas Rasyid has warned that some local bureaucrats and politicians were using the Indonesian government's new decentralisation policy to blackmail

John McBeth, Jakarta – For members of a visiting group of US editors, a mid-afternoon conversation with President Abdurrahman Wahid in late June ended in near-complete bewilderment.

Jakarta – Indonesia's central bank said Thursday it can fully implement a new monetary policy only once economic stability in the country is restored.

John McBeth in South Kalimantan and North Sulawesi – They come equipped with scores of excavators and more than 500 trucks. Their backers have wealth and influence.

Penny Crisp and Jose Manuel Tesoro, Jakarta – It was tough enough to bring down Suharto and sustained enough to help fell his successor.

Shoeb Kagda – High-level government audit has implicated senior members of the former Suharto administration of siphoning off billions of dollars of state funds.

Jakarta – The Indonesian government Thursday unveiled a blueprint and timetable for a sell-off of state assets this year, including the communication giants, Telkom and Indosat.