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.

Jakarta – The rupiah breached on Monday the 8,000 level against the US dollar as international pressure increased over Indonesia's handling of the East Timor issue.

Jakarta – The World Bank said on Wednesday international donors to Indonesia would be closely watching the situation in disputed East Timor and could change their stance if a UN-supervi

Gde Anugrah Arka, Jakarta – Indonesia said on Saturday it had closed 38 banks as part of a cleanup of the debt-laden industry considered crucial to efforts to rescue its ravaged economy

Jakarta – The country's debt service ratio (DSR) is predicted to reach an alarming level of 49.3% in the current fiscal year ending in March next year.

Greg Earl, Jakarta – The Indonesian Government is facing a damage bill of at least $30 billion to recapitalise more than 60 banks after the dual impact of bad lending practices and the

Tom McCawley, Jakarta – In the end, Indonesia's banking reform was more like amputation than elective surgery.

Jakarta – Bank Indonesia, the central bank, yesterday denied rumors that it would convert bank deposits into government bonds and freeze U.S. dollar accounts.

Russell Skelton, Tokyo – The bitter trade dispute between Japan and Indonesia over President Soeharto's controversial national car project has taken an unexpected turn.Japanese car make

Pui-Wing Tam – That is the message from fund managers as they survey the prospects of the Indonesian market in 1997.