Jakarta – The International Monetary Fund (IMF) has warned that instability could occur if the government presses ahead with its plan to increase prices in the energy sector, at a time

Singapore – The chief of the Indonesian Bank Restructuring Agency (IBRA) said Tuesday top Indonesian ministers have given "verbal" approval to issue bonds to bail out 48 companies indeb

Michael Richardson, Jakarta – After sidelining the military and consolidating democracy in Indonesia, a country long used to authoritarian rule, the government of President Abdurrahman

Jakarta – Indonesian share prices, which fell 1.6 percent this week, are expected to remain flat next week due to a lack of positive sentiment and the market's disappointment with the a

Andrew Marshall, Jakarta – Indonesia's plans to give regions more control over their finances are at the heart of the country's efforts to hold its disparate provinces together.

Tim Dodd, Jakarta – The chairman of Indonesia's National Business Development Council, Mr Sofyan Wanandi, has the task of harnessing business to invest in Indonesia, but concedes that c

Jakarta – Several foreign investors and buyers may pull out of contracts with Indonesian plywood producers over escalating conflicts between timber companies and local people in Kaliman

Marianne Kearney, Jakarta – Indonesia's economic growth will exceed previous conservative estimates of between 3 and 4 percent, but the International Monetary Fund's new representative

Jakarta – The National Business Development Council has urged the government to immediately deal with security disturbances against the business sector, saying that in 1999 alone, the b

Simon Montlake, Jakarta – Indonesia must tread cautiously in cutting fuel subsidies and should seek to lessen the impact on kerosene prices as this directly hits poorer households, Inte

Derwin Pereira, Jakarta – Indonesia's government is getting ready to crack the whip on recalcitrant debtors by giving the Attorney-General's Office powers to sue companies that fail to

Jakarta – Indonesia appeared to back down yesterday from a multi-million dollar fight with the United States after Washington threatened to seize Indonesian assets abroad.

Jakarta – Indonesia's Investment Minister Laksamana Sukardi has pleaded for time to reform the country's graft-ridden legal system and promised to honour contracts agreed with past regi

Tim Dodd, Jakarta – After a year's pause for breath Indonesians are about to face another economic squeeze with tax hikes and subsidy cuts set to raise prices on basic goods as part of

Jakarta – At least three of Indonesia's airports under the state-owned airport operator PT Angkasa Pura (AP) I, will be offered to private investors, a company official said.

Dow Jones, Jakarta – As Asia's only member of the Organisation of Petroleum Exporting Countries, Indonesia's coffers are filling with cash, according to analysts and Indonesian governme

Jakarta – A total of 72 national banks suffered combined losses of Rp38.7 trillion (US$5.5 billion) last year, while 92 others managed to register profit, a study said.

Jakarta – Indonesia's economy grew 0.2 percent last year following its collapse during the 1998 Asian financial meltdown, according to statistics released Wednesday.

Kate Linebaugh – Indonesia's bank rescue agency (Ibra) inched nearer to recouping the cost of propping up the nation's lenders this week when it replaced management at the country's big

Dan Murphy, Jakarta – Car maker Astra International has long been among Indonesia's best-regarded companies, one that the son of its founder calls a "cash machine." Its lock on the dome

Soraya Permatasari, Jakarta – The Indonesian Bank Restructuring Agency (IBRA) on Tuesday won its battle to oust the head of auto conglomerate Astra International, moving a step closer t

Washington – The International Monetary Fund (IMF) threw Indonesia a new financial lifeline on Friday, approving a new three-year loan worth $5 billion to help seal a tentative economic

Jakarta – Indonesia's main aid donors on Wednesday pledged up to 4.7 billion dollars in loans to support the country's 2000 budget but deferred a decision on rescheduling 2.2 billion do

Jakarta – The violence and political uncertainty enveloping Indonesia pose serious risks for the economy and investment, but those willing to take their chances could reap huge rewards.

Jakarta – The World Bank today gave its seal of approval to the new government of Indonesian President Abdurrahman Wahid for its handling of economic affairs during its first 100 days i

Jakarta – The Indonesian government faces an uphill task to stay on the road to recovery this year and will need loans of between 4.2 billion dollars and 4.7 billion dollars from its ma

Jakarta – President Abdurrahman Wahid has nominated reform of the legal and regulatory system as central to Indonesia's economic recovery and development.

Tim Dodd, Jakarta – President Abdurrahman Wahid expects his first Budget, which tries to meet a multitude of conflicting economic challenges, to return Indonesia to pre-crisis growth le

Jakarta – Indonesia's new Government unveiled its first Budget yesterday with pledges to reform the bankrupt banking sector.

Andrew Marshall, Jakarta – Indonesia's powerful bank restructuring agency went on the offensive on Tuesday in the battle over control of the country's largest automaker, Astra Internati

Reuters, Tokyo – Indonesia faces a bank-sector meltdown and a political break-up that could trigger a financial crisis, according to a senior official of the Japan Bank for Internationa

Jakarta – The government will intensify taxation efforts and reduce new foreign borrowing and investment spending to control the budget deficit for the 2000 fiscal year at a maximum of

Rin Hindryati – Indonesian ad agencies say their business is heating up, thanks to improving consumer demand and a strong holiday season.

Michael Shari, Jakarta – Indonesia is preparing to take stern measures to regulate its debt-plagued financial system.

Agence France Presse, Jakarta – The central bank may have violated procedures relating to US$11 billion worth of emergency liquidity for debt-ridden banks during the Asian financial cri

Jakarta – The office of Indonesia's Minister for State Enterprises said fertiliser company PT Pupuk Kaltim, coal mining company PT Bukit Asam and plantation operators PTPN II and IV are

Jakarta – The country's property sector is predicted to show a healthy growth in 2001 if the economy continues to be on the right track to recovery.

Jakarta – Share prices on the Jakarta Stock Exchange (JSX) ended the year with a 70% gain, making the bourse one of the world's best performing markets.

Jakarta – Indonesia's trade surplus in November slid 7.8% to $2.35 billion from $2.55 billion in October, raising concerns that it may take some time to revive non-oil exports despite t

I Made Sentana, Jakarta – Indonesia's inflation rate of 2.01% in December was higher than analyst expectations of a 1.62% rate.

Jakarta – Indonesia's economy is predicted to grow by between three and four percent in 2000 in a new expansion phase following two years of political, economic and financial turmoil, a

Jakarta – The Indonesian government will impose import duties of 30 percent on rice and 25 percent on sugar from January 1, reports said Friday.

Jakarta – The offshore debt of the Indonesian government in the fiscal year ending next March is estimated to reach 71.9 billion dollars, a report said here Saturday.

Jakarta – Indonesia should post Gross Domestic Product growth of 1.8% in the year to March 2000, according to a draft of the government's latest letter of intent to the IMF, obtained Fr

Dan Murphy, Jakarta – Indonesia's economy is finally showing signs of life thanks to a peaceful presidential election, a new president who has proved acceptable to the majority of the I

Dan Murphy, Jakarta – Indonesia's new government is facing a dilemma as restive provinces such as Aceh, Irian Jaya and Riau clamour for a bigger share of the revenues from their natural

Jakarta – The government and the International Monetary Fund (IMF) are still at odds over the questions of when and how much to increase the price of fuel and electricity.

Indonesia's rice market is nervously waiting for the government's final decision on an import tariff while players' reluctance to sell their stocks has triggered price hikes, traders sa

Jakarta – Indonesia will slow down foreign borrowings and focus more on the domestic bond market to fund government projects, Finance Minister Bambang Sudibyo said Wednesday.

Edhi Pranasidhi, Jakarta – Indonesia's senior economic minister Kwik Kian Gie said the government plans to sell majority stakes in state-owned PT Telekomunikasi Indonesia (TLK) and PT I