Jakarta – The Directorate General of Taxation said on Monday it raised Rp 444.2 trillion ($49.74 billion) in tax revenues in the first nine months of this year, up 18 percent from the s

Jakarta – Regional administrations will have greater local tax potential following the implementation of a new law on regional tax and levies that would give them the authority to colle

Dion Bisara, Jakarta – An initiative by the central bank encouraging poor Indonesians to open bank accounts has attracted little interest from the tens of millions of low-income citizen

Irvan Tisnabudi, Jakarta – As the economy gains steam, banks are growing more aggressive in marketing credit cards to increasingly wealthy consumers, targeting 25 percent increases on t

Dion Bisara, Camelia Pasandaran & Reuters – Jakarta – The days when small shops give change in sweets instead of contemptible Rp 100 or Rp 200 coins will be a thing of the past – so

The rupiah hit its highest level since July 2007 on Monday as foreign investors continued to snap up Indonesia's financial assets, leading some exporters to express concerns about its s

Heru Andriyanto & Armando Siahaan – After surviving criticism from the public and lawmakers over his part in approving the Bank Century bailout, Vice President Boediono was accused

Andi Haswidi, Jakarta – Praises for achievements made by Indonesia's financial sector in 2009, which include surviving an unprecedented global liquidity crisis, seem to be overshadowed

Ika Krismantari, Jakarta – The regional stock market collapse, tumbling commodity prices and the fall in the value of the local currency have taken a toll on the country's 40 wealthiest

Aditya Suharmoko and Ika Krismantari, Jakarta – The rupiah suffered its biggest daily drop in nearly 10 months on Friday, falling by 1.3 percent to close at 9,375 against the US dollar,

Lilian Budianto, Jakarta – The Asian Development Bank's (ADB) move to revise its 1995 safeguard policy drew strong criticism from Indonesian civil society organizations Tuesday.

Jakarta – An anti-debt group is demanding the government stop adding debt to fund the state budget because they said most of the agreed loan commitments have not yet been disbursed.

John A. Prasetio, Jakarta – A decade ago, almost without warning, the Asian economic crisis arrived to challenge the "East Asia Miracle" thesis of the World Bank.

Binny Buchori, Jakarta – What do we remember about the economic crisis of 10 years ago?

James Castle, Jakarta – For anyone involved in business or policy in developing Asia, the boom and bust of the 1990s are the defining events of the last twenty years.

Vincent Lingga, Jakarta – In early July 1997, when the Thai baht crashed and lost more than 50 percent of its value against the dollar immediately after the Bank of Thailand floated the

Jakarta – Outstanding loans to small and medium enterprises amount to Rp 426 trillion (about US$47.33 billion), or more than 50 percent of the total loans extended by the banking indust

Jakarta – Dress smart if you want to convince the bank manager you deserve a loan. But for businesswomen, they should also bring their husbands along.

Urip Hudiono, Jakarta – Continuing high global oil prices have put Indonesia's fiscal stability teetering on a tightrope as the oil-producing country fails to benefit from the situation

M Fajar Marta, Jakarta – The domination of foreign interests in the domestic banking industry continues to grow.

Leony Aurora, Jakarta – Major players in the banking industry have welcomed Bank Indonesia's effort to speed up the sector's consolidation through a new policy on the injection of funds

Jakarta – The Indonesian government Tuesday issued Rp 2 trillion ($1=IDR8,457) of bonds with a weighted average yield of 11.57%, the finance ministry said.

Sandy Darmosumarto, Jakarta – The lack of financial institutions in the eastern part of Indonesia is the main reason for the state-owned pawnshop company Perum Pegadaian to further expa

Jakarta – US investment firm Farallon has won the bidding to buy Bank Central Asia (BCA), Indonesia's largest retail bank, the government said Thursday.

Jakarta – A political stalemate and lack of legal certainty are hampering efforts to reform and restructure Indonesia's banks, Moody's Investors Service warned Monday.

Dili – Indonesia's currency, the rupiah, especially of the Rp 5000 to Rp 50000 denomination, is still legally accepted as a means of exchange in Timor Lorosae, along with the US dollar.

Joe Leahy – Building a central bank from scratch in one of the world's poorest countries was never going to be easy.

David DeVoss – The East Timor branch of Portugal's Banco Nacional Ultramarino in Dili looks like a modern financial institution.

Bill Guerin, Jakarta – Russian writer Fyodor Dostoyevsky said "there is no subject so old that something new cannot be said about it".

Jakarta – Indonesia's central bank (BI) and the UN Transitional Administration in East Timor (UNTAET) on Friday agreed to repatriate the equivalent of around 20 million dollars of Indon

Mark Dodd, Dili – East Timor In an effort to mend an economy devastated by the violence that accompanied the Indonesian withdrawal in 1999, the United Nations transitional administratio

The withdrawal of Indonesian rupiahs from Timor Lorosae was a good step because it would prevent confusion in currency usage in the country.

Mark Dodd, Dili – United Nations economic planners have launched a campaign to ensure the US dollar is the sole legal tender in East Timor.

Joanna Jolly, Dili – The head of the UN Central Payments Office, which manages the territory's tiny and shattered economy, told reporters that the world body was taking legal steps and

The World Bank has cancelled a three-hundred million dollar loan to help Indonesia's poor.

Indonesia's Bank Restructuring Agency (Ibra) yesterday rejected a local newspaper report that key officials, including the agency's chief, planned to resign.

Robert Go, Jakarta – Governor Syahril Sabirin reclaimed the helm at Bank Indonesia yesterday after a six-month detention period, escalating the three-way power tussle between President

Jakarta – A fire badly damaged the Audit and Development Supervisory Agency (BPKP) building in Central Jakarta yesterday, destroying documents on the huge liquidity loans given by the c

Robert Go, Jakarta – The Indonesian Bank Restructuring Agency (Ibra) would be investigated for holding back nearly eight trillion rupiah (S$1.68 billion) worth of funds that should have

Jonathan Thatcher, Jakarta – A growing feud between Indonesian President Abdurrahman Wahid and his scandal-tainted central bank governor threatens more damage to the country's already p

Nearly seven months in office, Indonesian President Abdurrahman Wahid can claim great achievements.

Edhi Pranasidhi, Jakarta – The Indonesian government has extended a ban on 128 bankers and shareholders of closed banks from traveling abroad, according to a decree signed by Finance Mi

Dili – Portuguese national guardsmen serving with the UN police force in East Timor were called Friday to the BNU bank in Dili, to control a crowd dissatisfied with a revised exchange r

Dili – East Timor will adopt the US dollar as its official currency under United Nations rule, a senior member of the National Council for Timorese Resistance (CNRT) told Reuters on Mon

Michael Richardson, Singapore – Like many other institutions from the rule of former President Suharto of Indonesia, the headquarters of the central bank in Jakarta has an impressive fa

Tim Dodd, Jakarta – Indonesian President Abdurrahman Wahid yesterday sacked a key economic official over the snail-like pace of banking reform, which is becoming a drag on economic reco

Jakarta – Indonesia's central bank, Bank Indonesia, said early Saturday that it passed the year date change – Y2K – without any computer glitches.

Jakarta – Bank Indonesia's deputy governor Ahjar Iljas said on Friday that Texmaco was among 20 exporting companies which received a preshipment rediscount facility from the central ban

Mark Dodd, Dili – As East Timor struggles to rebuild, a United Nations decision to introduce the Portuguese escudo into the fragile economy has caused mass confusion among an impoverish

Darwin – East Timor resistance leaders plan to use the Portuguese escudo as their currency for at least the territory's transitional period under UN administration.