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.

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

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

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

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

Marian Wilkinson and Minh Bui – While the Indonesian economy continues to shudder and Western diplomats debate how to dismantle the country's unique style of crony capitalism, a select

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

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

Jakarta – Only 180 of 800 Indonesian companies have responded to official requests for detailed information on their debts, State Enterprises Minister Tanri Abeng was quoted by the Jaka

Tokyo – Japanese commercial banks are likely to write off for fiscal 1997 ending Tuesday around 200 billion yen in loans to private companies in Indonesia that have been hit hard by the

Peter Hartcher – Indonesia will cut itself off from the global economy if it fails to win back the financial support of the International Monetary Fund, according to an economic adviser

Geoffrey Barker – Indonesia is on the brink of hyperinflation and is committing major breaches of its economic reform agreement with the International Monetary Fund, a confidential Depa

Jenny Grant, Jakarta – Only hours after President Suharto swore in his new Cabinet, his golfing partner, who is now also his trade minister, showed where his loyalties lay, putting the

Jakarta – Indonesia's foreign exchange reserves dropped to 16.33 billion U.S. dollars at the end of February from 17.07 billion dollars Feb.

Mantik Kusjanto, Jakarta – President Suharto made a surprise move on Friday to restore fading confidence among Indonesians in their government by guaranteeing a pay-out on all legal dep

Barry Porter, Jakarta – Indonesia's President Suharto is showing signs he may yield to mounting international pressure and postpone his controversial plan to introduce a Hong Kong-style

Singapore - The assets of a handful of Indonesia's richest people could go a long way to bailing out the country if the $43 billion IMF rescue package falters, data published by Forbes

George J. Aditjondro – Since seizing power in the mid-1960s, Indonesian President Suharto has translated his absolute political power into a massive family fortune.

Louise Williams, Jakarta – An Indonesian court has blocked the liquidation of a bank owned by President Soeharto's half brother, Mr Probosutedjo, which was ordered closed two months ago

The new year, 1998, will begin with a shattered myth.

Michael Richardson, Singapore – Indonesia's total foreign debt may amount to $200 billion, nearly double the level recorded by the government in Jakarta, according to an estimate made p

Jenny Grant, Jakarta – Indonesian Vice-President General Try Sutrisno has "banned" women from going on lavish foreign shopping expeditions during the country's economic crisis.

Greg Earl, Jakarta – Indonesia's financial markets are showing the first signs of stability in three weeks, giving the Government a much-needed chance to regain its management credibili

Jay Solomon and Kate Linebaugh, Jakarta – Indonesian President Suharto Monday decided on a reshuffle at the country's central bank, reasserting control over economic policy following ne

Jakarta – Indonesia President Suharto, in a meeting with the nation's top business leaders Monday, said the central bank has spent 10% of its reserves, or $2 billion, intervening on beh

Greg Earl, Jakarta – Indonesia's President Soeharto has dismissed half the directors of the country's central bank and established a group of private sector advisers amid a growing stru

Jakarta – President Soeharto found it extremely difficult to understand why the rupiah had continued to fall against the U.S. dollar, a senior minister said yesterday.