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 – 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.

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

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

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

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

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

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

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.

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

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

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.

Sander Thoenes – The warning calls of growing unemployment echo through the alleys and back streets of Indonesia's inner cities.

Jakarta – World Bank country director for Indonesia Dennis de Tray urged the government and private sectors again yesterday to provide edible information to help store public confidence

Greg Earl, Jakarta – Indonesia is facing the first serious annual contraction in its economy since President Soeharto came to power amid fears that the country can no longer service its

Andreas Harsono, Jakarta – The main streets in Jakarta's business district were crowded on Friday.

Seth Mydans, Tangerang – When economists worry about Indonesia's slump – its sinking currency, its ailing banks and its nearly $40 billion bailout package – they worry about people like

Nothing, until recently, has stood in the way of the sons and daughters of President Suharto, as they built up huge business empires through his 30-year reign.

Jakarta – The World Bank country director for Indonesia, Dennis de Tray, suggested yesterday that the government send signals to the market that it would undertake reform measures to re

Louise Williams, Jakarta – In one of the sharpest criticisms to date of East Asian business practices, a World Bank executive has warned that monopolies linked to President Soeharto's i