Jakarta – Early this year, 31-year-old Bimo, who works in the private sector, and his wife decided to buy a house where they could raise their newborn daughter.

Louise Williams, Jakarta – Mobs of angry customers and employees gathered outside the branches of Indonesia's 16 liquidated banks yesterday, many refusing to believe they had lost most

Jim Della-Giacoma, Jakarta – Indonesian President Suharto's half-brother Probosutedjo said he had kept his PT Bank Jakarta open on Tuesday, defying a government order closing down the i

Raphael Pura, Semarang – PT Bank Harapan Sentosa depositors who came to its big branch here Monday looking for what remains of their money were met by armed police rather than smiling t

Indonesia announced a spate of measures to shore up its economy as conditions to receive more than $30 billion in aid from the International Monetary Fund, the World Bank and Asian Deve

Richard Borsuk, Jakarta – Indonesian bankers braced for a tense day of business Monday following Saturday's closure of 16 banks.

Louise Williams, Jakarta – The Soeharto Government has urged the public not to panic at the opening of business today after announcing the immediate liquidation of 16 non-performing Ind

Louise Williams, Jakarta – The massive bailout package for Indonesia goes some way to addressing economic distortions such as nepotism, favouritism and politically connected monopolies,

Louise Williams, Jakarta – For fifteen days Pak Waska has been ready: waiting under the vast, concrete highway overpass, his work bag packed, his shirt neat and clean, the thick fumes o

Louise Williams, Jakarta – Indonesia announced last night that it had reached agreement with the International Monetary Fund on a rescue package for its ailing economy.

Geoff Spencer, Jakarta – Indonesia shut down 16 insolvent banks and planned other austerity measures Saturday, a day after receiving word of $33 billion in foreign loans to revive an ec

S N Vasuki, Jakarta – Private power firms, which are investing billions of dollars in new projects in Indonesia, are desperately trying to stall a government move to renegotiate power t

When President Soeharto built himself a modern office block in the late 1960s, it was known for a time as the KISS building, an abbreviation of words borrowed from English – koordinasi,

Chris Lydgate in Singapore and Louise Williams in Jakarta – The Indonesian President's comments that the Singapore Government had agreed to offer a $US10 billion ($14.2 billion) aid pac

The national car

Tony Wright, Jakarta – The Prime Minister has told Indonesia's President Soeharto that Australia, in the spirit of "regional mateship", stands ready to dig deep as part of a major inter

Bernice Han, Singapore – Indonesia's National Logistics Agency (Bulog), the state-owned food price regulator, is seen targeted by the International Monetary Fund for reform, a senior ag

Louise Williams, Jakarta – The International Monetary Fund's rescue package for Indonesia is expected to be delayed until later this week after private talks reportedly stalled over pol

Michael Shari in Jakarta, with Joyce Barnathan in Hong Kong – The 60 Indonesian blue-chip company executives summoned to Bank Indonesia, the country's central bank, on Oct.

Lewa Pardomuan, Jakarta – Indonesia's state-owned aircraft manufacturer Industri Pesawat Terbang Nusantara (IPTN) said on Thursday it had found counter-trade deals beneficial and denied

John McBeth with Fanny Lioe in Jakarta – On October 10, two days after Indonesia announced it was going to seek the International Monetary Fund's help in salvaging its economy, Jakarta

Louise Williams, Jakarta – In a new effort to arrest the slide of the rupiah, Indonesia's Central Bank has announced that commercial banks may lend hundreds of millions of US dollars fr

President Suharto has earned plaudits for deregulating various aspects of Indonesia's economy. But he can't complete the job without challenging some powerful vested interests.

Quentin Peel and Sander Thoenes, Jakarta –

Jay Solomon &150; The playful smile on President Suharto's face as he gave the new "national motorcycle" a spin around his palace late last month could give the impression that all

David Jenkins &150; President Soeharto's decision to call in the IMF and the World Bank, his second attempt in as many weeks to staunch a hemorhaging rupiah, has sent what should be

Jakarta – Indonesia's currency crashed to a new low today when it hit 3,725 rupiahs against the U.S. dollar before recovering slightly.

Muklis Ali, Jakarta – Indonesia announced deep, wide-ranging spending cuts and delays in major projects on Tuesday to help cope with currency and share market upheavals.

Raju Gopalakrishnan, Jakarta – Big spending cuts unveiled in Indonesia on Tuesday will severely affect President Suharto's family, among the most sheltered members of the country's busi

Sarah Davison, Hong Kong – Concern is mounting that Indonesian corporations will soon hit a debt wall despite Thursday's rate cut, worsening the outlook for the nation once credited wit

K.T.

Tim Healy and Keith Loveard, Jakarta – These are perplexing times in Jakarta. First, the currency is safe; then it drops 20% against the U.S. dollar in just a few weeks.

Jakarta – Indonesia's currency has plummeted to three-thousand Rupiah to the dollar, during the past few weeks.

John McBeth, Jakarta – Tucking into a plate of fruit, a late-afternoon substitute for his missed lunch, Rizal Ramli laughs when asked if he's an economic nationalist.

Jenny Grant, Jakarta – In his state of the nation address last weekend, president suharto said the government must postpone some projects because of the devaluation of the national curr

Keith Loveard, Jakarta – Cafe Galeri in Jakarta's upmarket suburb of Menteng is a trendy testament to the success of Indonesia's economy.

Richard Borsuk, Mangakajang – Plywood baron Mohamad "Bob" Hasan, longtime confidant of President Suharto, has finally fulfilled his dream of building a huge, high-tech pulp mill in the

Hendardi, Jakarta - Discussions about corruption have re-surfaced recently.

Jakarta – About a third of the World Bank's loans to Indonesia have leaked and disappeared into the bureaucracy, an export on Indonesia's economy said yesterday.

Washington – World Bank loans to Indonesia are thoroughly supervised and audited to ensure that they are devoted to the poverty-alleviating purposes for which they are intended, the ins

The World Bank has a public face and a private face. The public face I call the Rhetorical Bank.

Andreas Harsono, Jakarta – Rumors have started to circulate in Jakarta that President Suharto is hinting that Harmoko – like many Indonesians, he uses just ne name – the chairman of the

Moscow – Russia intends to help Indonesia in developing that country's nuclear power industry, in particular in the construction of nuclear power plants, Russian Atomic Energy Minister

[This is an updated and revised version of sections of a paper presented at the Oslo University public seminar on East Timor, Monday, December 9, 1996]

'Extra-budgetary' financing has always placed a question mark over the meaning of the Indonesian state budget. A new law might change all that.

Louise Williams, Jakarta – One of Indonesia's most influential economists has criticised the slowdown in deregulation and warned the Soeharto Government that it must address "collusion"

A new trend of "South-South colonialism" has emerged, where Southern companies are making heavy investments in the forestry sector of more backward Thirld World countries.

Greg Earl, Jakarta – The World Bank has warned that Indonesia is failing to make use of a period of high foreign investment and economic growth to resolve economic challenges that threa

David E.

Greg Earl – If there was a silver lining to be found in the large Busang cloud that descended on Indonesia this week, Bob Hasan was probably always one of the most likely people to find