Minister of Justice Oetojo Oesman and People's Republic of China's Deputy Minister of Justice Xiao Jianzhang met in Jakarta on Tuesday (25/2).

Louise Williams, Jakarta – The Indonesian Chamber of Commerce and Industry has proposed a new economic policy to support indigenous entrepreneurs.

Jakarta – In Indonesia, doing business is largely a matter of whom you know. And few executives know more people than Mohamad "Bob" Hasan.

Buy Astra? Or sell Astra? It depends on what Mohammad "Bob" Hasan will do when he takes over at Astra International, Indonesia's largest manufacturing force.

John McBeth and Jay Solomon in Jakarta – It's hard to get any closer to the top.

Richard Borsuk, Jakarta, Indonesia – Bankers and securities analysts piled into PT Astra International's news conference Wednesday for a glimpse of the Indonesian auto assembler's new c

Jakarta – Bre-X Minerals Ltd will not receive any payment for the 30 per cent stake in the Busang gold deposit that it gave to its Indonesian partners, said Mohamad "Bob" Hasan, an Indo

Jakarta – Indonesia has accepted a proposal by Canada's small Bre-X Minerals Ltd mining company to develop the huge Busang gold find, Mines and Energy Minister Ida Bagus Sudjana confirm

Jakarta – Business tycoon Muhammad "Bob" Hasan, a close associate of Indonesia's President Suharto, is tipped to take a key role in the country's largest carmaker PT Astra International

Richard Borsuk, Jakarta – The government gave its formal blessing to the recently settled ownership battle for the giant Busang gold find, and an official used the occasion to deliver a

Jakarta – Indonesia's state-owned oil and gas company plans to sell to Japanese investors a 13 percent stake in a giant gas project in the South China Sea, the government said Tuesday.

Anthony Depalma, Toronto – A century after the Klondike gold rush, a modern-day stampede marked by political intrigue and fast deals is about to result in an American mining company sta

Ong Hock Chuan, Jakarta – Monday's announcement that Freeport McMoRan Copper and Gold won the rush to mine what may be the world's largest gold reserves has sparked widespread concern a

Ong Hock Chuan and agencies, Jakarta – International bidding for the rights to operate one of the world's largest gold mines may have to start again if two of the main contenders do not

Jakarta – PT Indofood Sukses Makmur, the largest instant noodle maker in Indonesia, is buying control of six affiliated companies for 1.75 trillion rupiah (S$1.05 billion), or about 15

Canberra – The state-owned aircraft manufacturing company IPTN will join the Australian International Air Show and Aerospace Expo in Avalon Airport, Geelong, Victoria, on February 18 to

Richard Borsuk, Jakarta, Indonesia – A dramatic saga over who will develop the giant Busang gold deposit on the island of Borneo is set for a surprise ending.

Jakarta – The Indonesian government announced Friday deregulation measures that extend export facilities to six new sectors in a bid to bolster the country's non-oil-and gas export comp

Ben Dummett, Toronto – Bre-X Minerals Ltd.'s (BXMNF) stock is under selling pressure, indicating that investors are disappointed with the Calgary firm's reported deal for the developmen

It has all the hallmarks of a great saga: members of Indonesia's most powerful political family vying for control of a spectacular treasure, with most of the international intrigue goin

The Australian government has approved a massive oil project in the Timor Sea, involving the world's biggest offshore floating oil production facility.

S N Vasuki – Indonesian banks are suffering a long-expected shakeout as higher capital requirements and increased competition force gut-wrenching change in the industry.

Indonesian stocks rose to a record as investors continued to warm to Indonesia's improving economic picture and the outlook for faster profit growth in the coming year.

Canberra – The family of Indonesian President Suharto jumped to ninth on an annual ranking of Asia's richest people published yesterday – up from 93rd last year – with a combined wealth

Andreas Harsono, Jakarta – The talk about A takeover began to emerge among Jakarta journalists in September, after businessman Peter Gontha signed an agreement that let him take control

S N Vasuki – Indonesia's Lippo Group has positioned itself as a major player in the retail sector with last week's acquisition of a 50.1 per cent stake in PT Matahari Putra Prima which

S N Vasuki – Indonesia reported higher inflation and a sharply lower trade surplus yesterday in line with the expectations of most economists.

PT Dua Satu Tiga Puluh (DSTP) which will fund the engineering development and construction planning of the jet aircraft N-2130, produced by PT Industri Pesawat Terbang Nasional (IPTN) w

Jakarta – A private company set up last year by Indonesian President Suharto to finance the country's first passenger jet project plans to go public Feb.

Indonesia, with a population of 200 million in 1997, has been struggling to reduce income inequalities and social disparities among its diverse ethnic groups inhabiting the country's 13

Jay Solomon, Jakarta – Indonesia recorded another healthy trade surplus in November, though analysts expressed some concern about future trends in the country's exports.

Jakarta – Mining giant PT Freeport Indonesia was the top corporate tax payer in Indonesia in 1995 and Salim Group founder Liem Sioe Liong the top individual tax payer, a senior tax offi

Jakarta – Indonesian authorities are to start building a US$2.4 billion (S$3.4 billion) triple-deck road and railway project in July to overcome Jakarta's transport problems, a report s

Elko – Barrick Gold Corporation, the gold mine company from Canada, affirmed not to change the offer of 10 percent of shares in the Busang gold mine for the Indonesian government, altho

Jakarta – PT Freeport Indonesia is the biggest corporate taxpayer while conglomerate Soedono Salim pays the most taxes as an individual, an official says here.

When Bre-X Gold, a small Canadian exploration company discovered a huge gold deposit at Busang in East Kalimantan last year, big companies and powerful business players lined up to grab

As Jakarta opens the doors wider for foreign investment in mining, Canadian mining promoters are getting excited about the prospects for striking gold.

Michael Richardson, Jakarta – When Bre-X Minerals Ltd., a small Canadian mining company, found itself entangled in a jungle of conflicting ownership claims to one of the world's richest

Jay Solomon, Jakarta – With as many as four state-owned companies priming to hit the Jakarta Stock Exchange in 1997, it looks likely to be a banner year for the Indonesian privatization

Jakarta – Observers and farmers evaluated government's policy to increase the price of fertilizers at the same time with the price increase of unhulled rice (gabah) and rice as somethin

Michael Richardson, Jakarta – Strong economic growth forecast for Indonesia in 1997 along with a projected increase in exports and lower inflation are likely to push stocks significantl

Greg Earl, Jakarta – Indonesia is facing a major credibility challenge to its economic assistance package with President Soeharto's son yesterday launching a legal challenge to the clos

In our last issue we described how Indonesia, and especially Kalimantan's gold belt has become a honeypot for Canadian companies.