Raj Rajendran, Singapore – Indonesia will seal its next letter of intent with the International Monetary Fund (IMF) in time to meet its budgetary obligations, Indonesia's chief economic

Jakarta – The Indonesian banking sector recorded a combined operating loss of 52.094 trillion rupiah (7.1 billion dollars) in the 10 months to October compared to a loss of 177.02 trill

Jakarta – Israel has quietly invested 200 million dollars in Indonesia, the world's largest Muslim-populated nation, via foreign companies, Indonesian President Abdurrahman Wahid has sa

Ted Bardacke, Jakarta – Indonesian president Abdurrahman Wahid yesterday formed an economic advisory council chaired by Emil Salim, a cabinet minister under former President Suharto.

Jakarta – Around 75 percent of Indonesia's forthcoming state budget would be earmarked to repay domestic and foreign debts, an economic observer said.

Shoeb Kagda, Jakarta – International investor confidence is slowly returning to Indonesia, with upscale commercial properties and companies in export-oriented businesses fast-becoming p

Despite current depressed prices and rental values, Chan Fookkheong sees opportunities for capital gains for cash-rich investors

Jakarta – Indonesia's consumer price index (CPI) rose 0.06% in October from September, and was up 1.58% from a year earlier, the Central Bureau of Statistics said Monday.

David Liebhold – The Asian financial crisis of 1997 helped bring down Suharto, so President Abdurrahman Wahid had better pay attention to economics if he wants to hold onto power – and

Noel Fung, Jakarta – Uncertainty over the economic policies of the new cabinet and the fact that many of its ministers lack a track record is set to damp investor interest in Jakarta st

Jay Solomon – Indonesia's prospects of a rapid economic recovery have been dashed by the confluence of political uncertainty, financial scandal and the bloodletting in East Timor.

Lewa Pardomuan, Jakarta – Violence between Indonesian troops and separatists is hurting the local economy and scaring off investors in the northern Sumatran province of Aceh.

Washington – Events in East Timor and the Bank Bali scandal threaten to derail Indonesia's fragile economic recovery but it has not yet been knocked completely off track, the World Bank

Andrew Marshall, Jakarta – Indonesia's decision to allow an independent auditor to probe a damaging banking scandal has backfired spectacularly – instead of placating foreign donors and

Grainne McCarthy, Jakarta – The drastic deterioration in relations between Indonesia and Australia over East Timor threatens to damage trade and investment between the two countries, bu

Washington – The International Monetary Fund has suspended discussions with Indonesia on its economic program, a fund spokesman said Friday.

Jakarta – Consumer prices in Indonesia fell 0.93 percent in August from July, the sixth consective monthly fall this year, Central Bureau of Statistics chief Sugito Suwito said Friday.

New York – The International Monetary Fund Friday issued a blunt warning to the Indonesian government to quickly get to the bottom of a scandal involving PT Bank Bali and a senior offic

Hong Kong – The Review has obtained a confidential report prepared for the central bank by consulting firm McKinsey & Co.

Richard Borsuk, Jakarta – A top aide to Megawati Sukarnoputri, saying it is currently impossible to use a fixed rupiah exchange rate, reaffirmed that an Indonesian government led by her

Jay Solomon, Jakarta – Investors are registering a major vote of confidence in Indonesia's freest election in nearly a half century.

Jakarta – Indonesia yesterday reported a collapse in foreign investment approvals, a heavy economic blow blamed on fears of growing violence in the run-up to elections.

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

Christine T.

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

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.

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

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

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 – 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