Khoirul Amin, Jakarta – A number of sectors within tourism and the creative economy are to open up to foreign investors, signaling the government's renewed commitment to welcoming overseas investme

Raras Cahyafitri, Jakarta – With global oil prices continuing their plunge – falling below US$30 on Wednesday – small and locally owned oil and gas companies are at great risk of closure or "bleedi

Anton Hermansyah & Arief Gunawan S, Jakarta – After maintaining its rate for 11 consecutive months, Bank Indonesia (BI) has slashed the benchmark interest rate by 25 basis points to 7.25 percen

Ayomi Amindoni, Jakarta – The World Bank has warned that a continuing economic slowdown in emerging markets will cause substantial spillovers into developing economies and eventually hold back the

Anton Hermansyah, Jakarta – Amid sluggish economic growth in China, a key trading partner of Indonesia, economists have again warned of the importance of finding new markets to offset the risk of t

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Khoirul Amin, Jakarta – The government is hoping to see more investors become involved in developing industrial zones following the issuance of a new regulation.

Esther Samboh, Jakarta – The country has become too dependent on its rich natural resources.

Tassia Sipahutar, Jakarta – The economy went through another year of trials and tribulations in 2015, marking a continuation of the slowdown that has plagued the country for the past fe

Jakarta – State lender Bank Rakyat Indonesia plans to re-open its branch office at Timor Leste at the first half of next year, the lender's chief said on Sunday.

Ayomi Amindoni, Jakarta – The government predicts that the impact of its deregulation policies will be seen in the first semester of 2016, as most economic policy packages begin to effe

Anton Hermansyah – The Asian Development Bank (ADB) and the World Bank are both predicting that the Indonesia's 2015 inflation rate would be no less than 6 percent.

Jakarta – The House of Representatives decided to include a controversial bill on a tax amnesty in its 2015 National Legislation Program (Prolegnas) during a plenary session on Tuesday.

Anton Hermansyah, Jakarta – An economist has warned that improper tax policies, such as applying a higher tax amid a weak economy, may slow the Indonesian economy.

Business – The Central Statistics Agency (BPS) announced a US$346.6 million trade deficit in November, breaking the streak of a 10-consecutive-month trade surplus, caused by an increase

Prima Wirayani, Jakarta – The government says it has completed 82 percent of the deregulation as outlined in its first six economic policy packages issued between September and November

Ayomi Amindoni, Jakarta – Indonesia potentially added an additional 4 to 6 million business enterprises over the last decade, from 2006 to 2016, bringing the total number of enterprises

Prima Wirayani, Jakarta – The government's recently issued economic stimulus package allowing street vendors to use state land will not be seen as an incentive since such regulation is

Raras Cahyafitri, Jakarta – As world prices continue to plunge, oil-and-gas companies operating in Indonesia are expected to further lower spending next year amid a slowdown in explorat

Anton Hermansyah, Jakarta – The Asian Development Bank (ADB) has recently updated its outlook on Indonesia, forecasting moderate gross domestic product (GDP) growth of 4.8 percent in 20

Jakarta – The Investment Coordinating Board (BKPM) has proposed income tax cuts to support the labor-intensive footwear and textile industry.

Ryan Dagur, Jakarta – Indonesian rights activists said the brutal response of police toward protesting Papuan students has incited hatred and could further strengthen the resolve among

Jakarta – As part of efforts to boost the business of local manufacturers, the government has pledged to use more locally sourced materials for various infrastructure projects next year

Jakarta – The Public Works and Public Housing Ministry expects its early bidding policy will expedite budget disbursement to at least 90 percent by the end of next year.

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PT Modern Internasional Tbk has reported decreased profits in some of its 7-Eleven outlets across Jakarta, after the alcohol ban regulation was implemented, forcing them to find a new w

Anton Hermansyah – After enjoying windfall profits during the 2014 elections – the nation's biggest political festival – ad agencies have continued to enjoy a bountiful income from poli

Sri Wahyuni, Yogyakarta – Although many have recognized improvements made by the Indonesian government to create a better investment climate, foreign investors remain cautious about inv

Tassia Sipahutar, Jakarta – The current account deficit (CAD) narrowed in the third quarter from the previous quarter, paving the way for a lower full-year figure, the latest balance of payment (Bo

Khoirul Amin, Jakarta – The country's textile industry is hoping government efforts to curb illegal imports and reduce electricity costs will help improve the industry's growth in the fourth quarte

Ayomi Amindoni – Indonesia's economy is expected to grow by less than 5 percent this year, far from the 5.7 percent target stated in the 2015 state budget.

Prima Wirayani, Jakarta – The incentives to be given to some special economic zones (KEK) should be backed up by infrastructure upgrades; otherwise the policy would not work and miss the stated goa

Tassia Sipahutar, Jakarta – The government is expecting a bigger budget deficit than previously forecast this year as tax revenues have fallen well below target.

Ayomi Amindoni, Jakarta – Amid the persistent land and forest fires, the forestry and logging sectors experienced contraction in the third quarter.

Ayomi Amindoni, Jakarta – A survey from global market researcher Nielsen shows that the Indonesian consumer confidence index has continued to decline, going down four points, to 116, in the third q

Ayomi Amindoni, Jakarta – The Central Statistics Agency (BPS) announced on Monday that Indonesia had recorded 0.08 percent deflation during the month of October due to a surplus of food supplies.

Jakarta – A recent report by the World Bank revealed that doing business in Indonesia has become easier, especially after the government implemented an online system in several licensing sectors.

Jakarta – President Joko "Jokowi" Widodo witnessed investment agreements worth a total of US$20 billion between Indonesian and US companies during his trip to the US on Monday.

Sadachika Watanabe, Jakarta – East Timor is looking to upgrade its natural-resource and transportation infrastructure, creating new business opportunities for overseas construction companies and pl

Ayomi Amindoni, Jakarta – The Investment Coordinating Board (BKPM) reported the growth of Indonesia's labor-intensive sector investments declined by 11.74 percent throughout the first nine months o

Ayomi Amindoni, Jakarta – The Coordinating Investment Board (BKPM) said despite the gloomy domestic outlook, Indonesia's realized investments showed a significant increase up until September 2015 a

Jakarta – The sales of fast-moving consumer goods (FMCG) in Indonesia have grown at a snail's pace during the past several months as people have reduced their spending to cope with the impact of th

Jakarta – Two months from year-end, Indonesia's economy is forecast to remain stuck in the doldrums next year, with the gross domestic product (GDP), the rupiah and state revenues lower than hoped

Randy Fabi and Kanupriya Kapoor, Jakarta – Indonesian President Joko Widodo will court tech giants Apple and Google during his first trip to the United States this month, in the hope of attracting

Jakarta – Indonesia's trade surplus reached US$7.13 billion in the first nine months of 2015, which was the biggest trade surplus from January to September in the last four years, according to Cent

Jakarta – The Indonesian Palm Oil Producers Association (Gapki) says the government should provide support and pay close attention to the national palm oil industry to ensure that it continues to g

Ayomi Amindoni, Jakarta – Institute for Development of Economics and Finance (Indef) senior economist Didik J.

Business – Business owners are speaking out against the issuance of Ministerial Regulation No.

Jakarta – Central Statistics Agency (BPS) Suryamin said staple food contributed a lot to the deflation in September, which stood at 0.05 percent with a consumer price index (IHK) of 121.67.

Jakarta – The regional administrations will soon be authorized to establish tourist areas that will be allowed to sell liquor with up to five percent alcohol content, otherwise known as Group A liq