Michael Richardson, Jakarta – Indonesia's badly battered economy appears to be stabilizing and could return to growth before the year is out, according to officials and analysts who hav

Jakarta – Standard and Poor's hurriedly restored Indonesia's long-term foreign currency sovereign rating Wednesday, just a day after a downgrade by the US agency sparked an angry centra

Jakarta – Indonesia's struggling privatization program suffered another setback Monday, when the government said it won't complete three key sales this fiscal year.

Jakarta – Indonesian's privatisation of state firms in the year to March 31 is likely to raise less that half the targetted one billion dollars, reports said here Friday.

Jakarta – Scattered protests by bank employees greeted the weekend closure of 38 private banks here on Monday as owners of the closed banks mulled whether to sue the government over the

Jakarta – The World Bank's exposure to Indonesia is approaching its limit of 13.5 bln usd for a single large borrower, reducing the scope for additional lending in the next few years, t

Christine T.

Andrew Marshall, Jakarta – Indonesia is in the grip of an economic paralysis that cannot be broken until its debt-ridden, capital-starved companies can escape the straitjacket of their

Jakarta – Indonesia's Parliament passed a law aimed at stamping out monopolies, cartels and other restrictive competitive practices.

McCarthy, Jakarta – Indonesian elections and the prospect of a new government this year probably won't derail the country's major economic reform program, the International Monetary Fun

Jakarta – In a highly critical self-assessment the World Bank has admitted it may have overlooked warning signs as the "Indonesian miracle" faded because of a desire not to upset Jakart

Greg Earl, Jakarta – Indonesia has pushed ahead with its new quest for international assistance, as Japan confirmed it would provide $US2.4 billion before Indonesia holds general electi

Have you ever heard of the rumor that the ethnic Chinese, who comprise less than 4% of the Indonesian population, but control 70% of that country's economy?

Jakarta – Indonesia's economy is likely to contract about 14.8 percent in 1998 from the previous full year and by a further 5.8 percent in 1999, according to a Reuters poll of analysts

Greg Earl, Jakarta – Indonesia is moving quickly towards a policy of redistributing wealth through new Government policies with several key economic officials signalling support for aff

Jakarta – The rupiah rose again to 8,450 against the US dollar on Friday and local stock prices inched down 0.4 percent on profit taking, currency dealers and stockbrokers said.

Jakarta – Indonesian inflation surged to almost 80 percent in October from a year ago, but dipped slightly from the previous month, official data showed Monday.

Jay Solomon, Jakarta – President B.J.

Shoeb Kagda, Jakarta – The ongoing controversy between one of Indonesia's largest foreign investors and the country's legislators is threatening to undermine the country's standing amon

Andrew Marshall, Jakarta – The rejuvenated Indonesian rupiah broke through the 7,000 level against the dollar on Wednesday for the first time in more than eight months, providing a ray

Kate Linebaugh, Jakarta – The International Monetary Fund on Monday signed a new letter of intent with the Indonesian government, clearing the way for further release of assistance fund

Henny Sender, Washington – There were low expectations on both sides when the Indonesian delegation at last week's International Monetary Fund-World Bank talks held a breakfast meeting

Muklis Ali, Jakarta – Indonesia said on Friday it had found evidence of corruption in deals between state oil firm Pertamina and 159 companies – most linked to the family and friends of

Jakarta – Indonesia's beleaguered rupiah broke through the key target of 10,000 to the dollar on Wednesday, reaching its strongest levels since former President Suharto resigned in May

Jakarta – Indonesia's first real attempt at a bankrupcty case in 95 years came unstuck on Tuesday and analysts warned it would make investors even less comfortable with the country's cl

Jakarta – Indonesia Tuesday announced a bank recapitalisation program to restore the ailing banking sector back to health.

Jose Manuel Tesoro, Batam – Before he ruled all of Indonesia's 13,000 islands, he was in charge of just one. B.J. Habibie came about Batam the same way he later got the country.

Jakarta – Indonesian anti-corruption NGOs and the World Bank will set up a joint team to probe leakages of project funds made available by the bank to Jakarta, the NGOs said here Tuesda

Jakarta – A government investigation shows that funds in charitable foundations linked to ousted Indonesian president Suharto were misused and diverted to private firms, a senior minist

Jakarta – Two weeks after its launch, an Indonesian agency tasked with helping the private sector to restructure its massive external debt has found no takers, an official said Wednesda

Jack Anderson and Jan Moller – Rooting out corruption and cronyism in Indonesia in the wake of President Suharto's 32-year rule will be difficult, if not impossible.

Jakarta – A new World Bank report says the Indonesian economy, at its most critical stage in more than three decades, will likely make a slight recovery of 2 percent to 4 percent growth

Sander Thoenes, Jakarta – Indonesia will need to use taxpayers' money to bail out some of its banks, further depleting a budget already saddled with an 8.5 per cent deficit, according t

Jakarta – Government officials and entrepreneurs involved in corruption, collusion and nepotism are parking their money overseas, a newspaper here has reported.

Jakarta – Indonesia's government has confiscated millions of dollars of reforestation funds from firms associated with former President Suharto, a senior minister said yesterday.

Grainne Mccarthy, Jakarta – Indonesia's fourth agreement with the International Monetary Fund was greeted with resounding silence in financial markets Thursday, with many analysts dismi

David Liebhold, Jakarta – If Suharto had hoped that by stepping down he could assuage the anger of the Indonesian people, he is likely to be disappointed.

Mike Head – Some of the biggest American, European and Japanese transnational corporations have demanded – in no uncertain terms – that the regime headed by President B. J.

Richard Borsuk, Jakarta – The investigation of businesses linked to former Indonesian President Suharto's family and friends has widened, opening on several new fronts.

Seth Mydans, Jakarta – Indonesia's political upheaval has worsened its severe economic problems, and a high-level team from the International Monetary Fund arrived here Tuesday to explo

Raphael Pura, Jakarta – As Indonesia teeters on the edge of economic disaster, most eyes are on President Suharto, its stubborn, aging leader.

Christine T.

Leah Harrison, Jakarta – Indonesia may be more deeply mired than any other country in Asia's debt and currency crisis, but it's not too early for vultures.

Amy Chew, Jakarta – Indonesia's flirtation with a currency board system to prop up its ailing rupiah failed to carry through to reforms agreed by the government and the International Mo

Christine T.

Andrew Higgins in Jakarta on the tycoon who plays golf with Suharto and keeps a firm grip on Indonesia's timber industry

Jenny Grant, Jakarta – President Suharto's youngest son is putting US$60,000 into a corn growing scheme in eastern Indonesia in the first family's latest project to alleviate the moneta

Michael Richardson, Singapore – By taking control of 14 troubled banks, the Indonesian government is walking a fine line between backing a reform of the banking system that won't underm

The global business empire of Indonesia's first family and friends represent an intricate web of connections and concessions. George J.

Louise Williams, Jakarta – Automatic-teller machines ran out of cash as thousands of Indonesians raced to withdraw their savings ahead of yesterday's announcement that seven ailing bank