Anton Hermansyah, Tanjung Pandan, Bangka Belitung – Tax revenue increased by 18.13 percent year-on-year (yoy) in the first quarter to Rp 222.27 trillion (US$16.73 billion), thanks to the after-effe

Anton Hermansyah, Grace D.

Erwida Maulia and Wataru Suzuki, Jakarta – Indonesia's tax amnesty, which came to an end Friday, has exposed the massive scale of uncollected tax from its citizens, who declared at least 4,866 tril

Jakarta – Southeast Asia's biggest economy this month is winding up one of world's most successful tax amnesties, with at least 745,000 taxpayers declaring more than $330 billion of assets so far.

Grace D.

Abdil Mughis Mudhoffir, Rafiqa Qurrata A'yun – In Indonesia, certain crimes need to be reported to the police for investigations to begin.

Winny Tang, Jakarta – As inequality widens, the government is pushing for tax reforms to reduce the gap through coordination with other countries.

The lead-up to the first round of the Jakarta election saw mass rallies organised by hardline Islamist groups and an atmosphere highly charged with racial and religious sentiment.

Catriona Croft-Cusworth – President Jokowi is finally making an official visit to Australia this weekend.

Phelim Kine – Indonesia's President Joko "Jokowi" Widodo has an unlikely scapegoat for the country's rise in religious intolerance and sectarianism: democracy.

Jakarta – Finance Minister Sri Mulyani Indrawati has said the government's foreign debt has increased over recent years, primarily due to continuous deficits in state budgets.

Jakarta – The tax amnesty's progress has been slow in the third round, or final round, as the redemption payment that has been collected since it started in early January only reached Rp 710 billio

Jakarta – The first and second round of the tax amnesty, which ended Dec.

Prima Wirayani and Fedina S.

Grace D. Amianti, Jakarta – The government collected only 86.9 percent of the revenue targeted in the 2016 state budget as a result of a weak economy.

Prima Wirayani, Jakarta – Bank Indonesia (BI) still remains hopeful that a redenomination bill will be deliberated by the House of Representatives this year, even if the chance of that happening se

Bambang Muryanto, Yogyakarta – While it is everyone's right to apply for the government's tax amnesty, the participation of state officials in a program specifically designed to convince top busine

Prima Wirayani, Jakarta – The first stage of the tax amnesty program may have ended in success, but the government's bigger purpose of widening the country's tax base still seems far from reach.

Viriya P.

Prima Wirayani and Moses Ompusunggu, Jakarta – The government concluded the first phase of its roller coaster tax amnesty ride with flying colors despite gloomy repatriation realization.

Grace D. Amianti, Jakarta – Despite strenuous efforts in the first half of the year, major banks have yet to recover from ongoing slow growth amid falling profits and rising bad loans.

Anggi M.

Satria Sambijantoro, Jakarta – President Joko "Jokowi" Widodo is considering a plan to broaden the authority of the Deposit Insurance Corporation (LPS) and provide its executives with legal indemni

Timor Leste's (East Timor's) Oil Fund ended 2013 with assets of US$14.9 billion, the Timor Leste Central Bank said in Dili Tuesday.

Novianti Setuningsih – A former owner of Bank Century, Robert Tantular, has suggested the bank was allowed to collapse so that the government could initiate a bailout.

Jakarta – Indonesia's year-on-year foreign debt growth dropped to 7.3 percent in July 2013 from 8 percent recorded in June 2013, Bank Indonesia says.

Rendi A.

East Timor's Oil Fund totalled US$13.6 billion at the end of June, which was a rise of US$796 million against the first quarter of the year, according to figures published by the East T

The Timor-Leste (East Timor) Central Bank Friday announced a project to develop a strategic plan to expand the country's financial services with a view to reaching more of its citizens.

Satria Sambijantoro, Jakarta – Indonesia's equity market is the most vulnerable to capital outflows in Southeast Asia, a US-based investment bank says, ringing alarms for policy-makers

Nicky Hager – Owners of corporations registered in tax havens include some linked to regime of the late dictator, Suharto.

Jakarta – Bickering between Bank Indonesia and some oil and gas companies has returned to the public domain when the bank's governor revealed that some firms refuse to deposit their dol

Jakarta – The government officially started its campaign to strike off three zeros from the rupiah on Wednesday, with top officials expressing their optimism that the "redenomination" w

Jakarta – The issuance of new lending regulations by the central bank last week will result in fiercer competition to extend loans to local small and medium enterprises (SMEs), bankers

Tito Summa Siahaan & Francezka Nangoy – Profit for many Indonesian companies rose in the third quarter, with banks and consumer-related manufacturers leading the way, amid an increa

Hans David Tampubolon, Jakarta – The Finance Ministry has issued a regulation that raises the non-taxable income threshold of individual taxpayers to Rp 24.3 million (US$2,524) per year

In the last quarter the Petroleum Fund of Timor-Leste increased by nearly US$400 million to US$11.05441 billion dollars, indicates a report released on the official website of the Banco

Jakarta – The third quarter financial reports of Indonesia's biggest banks show that the banking industry in the country remains one of the world's most profitable, as banks retained th

Brazil will represent Timor Leste's (East Timor) interests at the International Monetary fund (IMF) starting on 1 November, the Timorese government said in a statement issued Tuesday in

The rupiah weakened for a sixth month, its longest losing streak since 1998, on concern Europe's debt crisis will damp growth and exports.

Esther Samboh, Jakarta – Bank Indonesia's move to limit bank ownership is not likely deter foreign investors, although the move will expose it to lobbying and political pressure to gran

Esther Samboh, Jakarta – The chiefs of local commercial banks are the highest paid among their peers in four Southeast Asian nations surveyed, according to the central bank.

Indonesia's central bank Wednesday announced new regulations limiting bank ownership to 40 percent.

Esther Samboh, Jakarta – There is mounting concern that the Financial Services Authority (OJK) will be unable to provide better and more reliable supervision as most of the 21 candidate

Shirley Wibisono – When Indonesia's longest suspension bridge suddenly collapsed last month, killing more than 20 people, allegations immediately surfaced that corruption was behind the

Esther Samboh, Jakarta – The governor of Bank Indonesia (BI) is slamming inefficiency in the country's banking industry that he says pushes up lending rates and blocks the nation from e

Dion Bisara – Indonesia is one step closer to slashing a number of zeros from the rupiah after the government on Tuesday said it would submit a currency redenomination bill to the House

Dion Bisara – After a long delay, the House of Representatives passed a bill on Thursday that will create a new superbody to supervise the country's financial sector, including banking

Jakarta – The House of Representatives on Thursday finally endorsed the Law on Financial Service Authority (OJK), which rules on the establishment of a new authority tasked with regulat

Dili – The new monetary authority of East Timor will be called the East Timor Central Bank and will be inaugurated on 13 September, according to information published on the Central Ban