Jakarta – Indonesia's state audit agency said yesterday that despite government efforts to tackle graft, millions of dollars had been wasted through corruption at major state companies

Nuruddin Lazuardi/FW & LM, Jakarta – The disgraced "Timber King" Bob Hasan has reportedly amassed US$263 million from an aerial mapping project conducted by his company, PT Mapindo

Jakarta – The World Bank country director for Indonesia, Mark Baird, has apparently taken sides with President Abdurrahman Wahid over growing criticism against the government's economic

Jakarta – Indonesia's inability to guarantee land security is blocking foreign investment in farm-based businesses in Asia's third-largest agricultural producer, analysts said.

Robert Go, Jakarta – The country's top economics minister has berated the Indonesian Bank Restructuring Agency (Ibra) for working at a snail's pace and said it was a long way from meeti

Leigh Murray and Grainne McCarthy, Jakarta – Criticism of the detention of Bank Indonesia Governor Sjahril Sabirin mounted Thursday amid suggestions of political interference, with anal

Robert Go, Jakarta – Local governments have been warned not to abuse new regional autonomy laws or they risk losing both domestic and foreign investment, high-level central government o

Jose Manuel Tesoro, Jakarta – Ever since the beginning of the Asian financial crisis, a country's currency and its publicly traded stocks have been used by journalists the same way we u

Jakarta – Indonesia's central bank on Friday temporarily eased lending limits for banks to encourage them to boost economic activity through increased loans.

Robert Go, Jakarta – Indonesia needs to have a coherent strategy on economic reforms and make serious efforts in eradicating corruption if it wants international donors to keep funds fl

By couple of weeks ago, Philip Eng, when replying to questions from reporters on whether he was concerned with the sharp fall in the price of Astra International's shares, noted that c

Jakarta – Indonesia's state electricity company PT Perusahaan Listrik Negara (PLN) said Monday it was seeking a 29.4 percent across the board increase in basic electricity tariffs this

Jakarta – Shoppers pack the supermarkets in the Indonesian capital these days, car and mobile phone sales are jumping, seven new airlines are ready to hit the skies and companies are re

Grace Nirang, Jakarta – Little fresh investment will flow into Indonesia's mining sector this year as companies hug the sidelines due to a host of problems plaguing the industry.

Grainne McCarthy, Jakarta – The President's masseur embezzles money from the country's key food agency; the President's talk of capital controls spooks the international community; the

Jakarta – A steady commitment by the Indonesian government to implement pleged economic reforms will strengthen the ailing rupiah, a top official with the International Monetary Fund sa

Martin Crutsinger, Washington – The International Monetary Fund on Friday gave approval for a $372 million loan to support economic reform efforts in Indonesia.

Jakarta – Minutes before relinquishing his post as Central Bureau of Statistics (BPS) chief, Sugito Suwito fired back at President Abdurrahman Wahid, saying he was being truthful in sca

Pip Hinman – The Seattle and Washington protests against the International Monetary Fund (IMF) and World Bank (WB) have forced their chiefs into damage control.

Max Lane – The role of the International Monetary Fund in determining economic policy in Indonesia came under the spotlight after the 1997 economic crisis.

Narendra Aggarwal - Indonesia's economy is expected to expand by about 3.5 per cent this year, driven by consumer demand, but it is too early to say if the same rate of growth will cont

Michael Shari, Jakarta – What happens when a government puts its biggest bank up for sale and no one's much interested? Cacuk Sudarijanto doesn't even want to think about it.

Leigh Murray, Jakarta – Indonesia signed Wednesday the International Monetary Fund letter of intent that outlines key economic reform programs for the government to revamp the economy.

Jakarta – The slide in Indonesia's currrency, the rupiah, has been caused by political and not economic problems, a senior presidential advisor on the economy said here Wednesday.

Jakarta – The International Monetary Fund (IMF) said Wednesday the Indonesian economy was now on the right track, and that it would not lower its 2000 economic growth rate forecast of t

Jonathan Thatcher, Jakarta – A cloud of gloom has descended over Indonesia.

Daniel Cooney, Jakarta – Indonesia's economy grew slower than expected in the first quarter, leading a senior government official to warn that political instability could set back the c

Grace Nirang, Sukra – Tarjan stands barechested in the middle of his small rice field. Dejected.

Jay Solomon, Jakarta – The rupiah's continuing plunge is exposing rifts inside President Abdurrahman Wahid's government and eroding confidence among many Indonesians in the country's ec

Jakarta – The rupiah continued falling on Friday, breaking through the 8,500 mark against the US dollar as investors remained concerned over the future of the country's economy and the

Jakarta – The Indonesian rupiah dropped sharply in panic selling Friday, breaching the psychological support level of 8,500 against the dollar before strengthening on state bank interve

Jakarta – Virtually no new money has entered the forestry and plantation sectors the past two years because potential investors have been frightened off, an executive said on Tuesday.

Jakarta – The Indonesian Chamber of Commerce and Industry (Kadin) urged politicians and the government on Tuesday to enhance political stability by not exaggerating political difference

Jakarta – The Ministry of Industry and Trade, and the Military have agreed to work together to create a conducive and safe environment for businesses operating in the country, according

Jakarta – Indonesia's economic growth this year should easily meet official forecasts of between three and four percent, the government said in the latest revised letter of intent to th

Warren Caragata, Jakarta – Can the country's grocers fight off foreign giants?

Jakarta – The rupiah is undervalued due to lingering volatility on the Indonesian political front, according to an executive of a foreign hedge fund.

In the first part of our special report on the Indonesian economy yesterday, we looked at the controversial issue of fuel and food subsidies and the millions of Indonesians who are stil

Two years after the regional financial upheaval, the Indonesian economy is slowly regaining its footing. But the recovery is tentative and many painful tasks lie ahead.

Jakarta – The Indonesian economy, battered by two years of financial and economic crisis, will post growth of four percent in 2000, up from 0.2 percent this year, the Asian Development

Jakarta – The International Monetary Fund (IMF) said on Wednesday that an independent body to oversee the Indonesian Bank Restructuring Agency (IBRA) must be established in a bid to ens

Jakarta – Political divisions are slowing economic reform in Indonesia, but this is unavoidable given the size of the nation's political transformation, State Enterprises Minister Laksa

Jakarta – At least 16 foreign mining companies have delayed their activities due to uncertainty in security or financial problems, a senior government official said on Monday.

Jakarta – Standard and Poor's said Tuesday it had downgraded Indonesia's long-term foreign currency issuer credit rating to "selective default" from CCC+ in the wake of last week's debt

Hongkong – President Abdurrahman Wahid said Indonesia, China and India should go forward together with the help of Japanese and Singaporean "capital, know-how and technology" to create

Derwin Pereira, Jakarta – The Indonesian government, brushing aside the threat of foreign investors pulling out from Batam, said yesterday it would go ahead with plans to impose a value

Political divisions within the Indonesian cabinet and a lack of political support for agencies charged with implementing financial reforms are hampering changes in the financial sector,

Paris – The Club of Paris, a group of leading creditor nations, agreed Thursday to reschedule 5.8 billion dollars of Indonesia's public debt.

Jakarta – Low-income rural people appear to be most vulnerable to growing wealth inequalities in Indonesia following the economic crisis, the World Bank said Thursday.

Simon Montlake, Jakarta – Indonesia should find it easier to restructure $2.1 billion in sovereign debt owed to donor countries at the Paris Club meeting on April 12 after catching up o