Jakarta – Publicly listed retail company PT Hero Supermarket (Hero) has closed the doors of dozens of its stores during the first half of this year to cut costs amid the domestic economic slowdown

Grace D.

Jakarta – The government will relax the sale of liquor and let regional administrations determine the places where people can buy alcoholic beverages with the condition the outlets are not close to

Jakarta – The government's new economic policy package will not resolve the real problems currently being faced by Indonesian companies because it is mainly designed to mend structural problems in

Jakarta – The declining rupiah exchange rate, which currently stands at Rp 14,300 per US dollar, must be used to create momentum to consolidate Indonesia's business potential, according to one expe

Jakarta – Indonesia had a US$433.8 million trade surplus in August, which was triggered by a $1.01 billion surplus in the non-oil and gas sector, the Central Statistics Agency (BPS) said in a relea

Jakarta – Business players and analysts have strongly criticized the central bank's recent policy that required all business transactions conducted in the Indonesian territory be carried out in rup

Tassia Sipahutar and Khoirul Amin, Jakarta – Economic analysts have been underwhelmed by the government's newly launched economic policy package, regarding it as lacking the fresh solutions needed

Up to 134 regulations in 17 ministries and state institutions are set to be deregulated.

Slamet Susanto, Yogyakarta – People's decreasing purchasing power as a result of the downturn in the economy and increases in the prices of staple foods has affected demand for livestock ahead of I

Grace D.

Kanupriya Kapoor & Gayatri Suroyo, Jakarta – Indonesia's 11th-hour decision to scrap plans for the nation's first high-speed railway has sown confusion among top investors from China and Japan,

Jakarta – Business licensing processes remain lengthy and complicated in Indonesia's major cities, despite the launch of a one-stop service program to process business permits more speedily.

Ina Parlina and Tassia Sipahutar, Jakarta – After meetings with businesspeople and key economic policy makers, President Joko "Jokowi" Widodo has promised to offer many new incentives and to furthe

Jakarta – East Timor will tap into its $16.6 billion oil fund to build the necessary infrastructure to attract non-energy investment, the prime minister said on Wednesday, as disputes over undevelo

The Finance Ministry has issued a new regulation that offers a tax holiday of up to 20 years for companies operating in one of nine specified pioneer sectors, in a bid to attract more investment an

Ina Parlina, Jakarta – As a sign that Indonesia is embracing expatriates to help lure foreign investment, the government has lifted several restrictions on foreigners working in the country.

Grace D.

Jakarta – A US Congress delegation met with President Joko "Jokowi" Widodo on Saturday at the State Palace in Jakarta, calling for stronger economic ties between Indonesia and the US.

Hotli Simanjuntak, Banda Aceh – The former chairman of the Aceh Monitoring Mission (AMM) team, Pieter Feith, has said that Aceh administrations have not yet been able to take full advantage of the

Anggi M.

Tassia Sipahutar, Jakarta – The increase in bad loans or non-performing loans (NPLs) is predicted to continue to be a major concern among banks in the second half of the year as the lenders gear up

Jakarta – Indonesians are becoming more consumptive and tend to not save money, says the Financial Services Authority (OJK).

Nadya Natahadibrata, Jakarta – The government's "very ambitious" targets for infrastructure investment will be challenged by an unstable regulatory climate for investment, lack of leadership and la

Jakarta – Indonesia's growth slid in the second quarter to levels unseen since 2009, government data showed Wednesday, highlighting the uphill battle for President Joko Widodo in expanding Southeas

Satria Sambijantoro, Jakarta – The long-awaited revision of the government's tax holiday policy is expected to attract more investors to enter Indonesia's strategic industries despite the controver

Grace D.

Jakarta – A host of benchmark publicly listed companies suffered double-digit plunges in first-half net profits, something unseen since 2008, as weak domestic consumption and low commodity prices l

Grace D.

Sam Reeves, Jakarta – Container ships dot the horizon off the coast of Jakarta, as cranes and laborers work on an ambitious, economy-boosting project to expand the port network in the world's large

As of today, import duties on alcoholic drinks are set at 150 percent of their market price, higher than under previous arrangements.

Linda Yulisman and Grace D.

Satria Sambijantoro, Jakarta – Consumer prices may not greatly increase in July despite the Ramadhan and Idul Fitri festivities, as consumers hold back spending amid domestic economic slowdown, pol

Eveline Danubrata and Cindy Silviana, Jakarta – Investors hoping for President Joko Widodo to speed up work on Indonesia's infrastructure projects have been disappointed, with a plan for a $2-billi

Grace D.

Satria Sambijantoro, Jakarta – Under fire for the sluggish realization of his campaign promises, President Joko "Jokowi" Widodo attempted to boost optimism among business players on Thursday, but o

Satria Sambijantoro, Jakarta – Indonesia has yet to fully benefit from the ample fiscal space provided by the reallocation of fuel subsidies, with reform initiatives yielding slower-than-expected e

Business – The government's tax revenues slumped to a four-year low in the January to June period of 2015, falling short of the first-half target of this year's annual tax-collection target due to

Esther Samboh, Jakarta – It is a regular day in Tanah Abang market, the largest wholesale clothing market in Southeast Asia, thousands of customers squeeze into packed 4-square-meter shops sprawled

Kanupriya Kapoor & Randy Fabri, Jakarta – Exasperated by the performance of his economics team, Indonesia's president has personally taken on the job of promoting Southeast Asia's largest econo

Tassia Sipahutar, Jakarta – Bank Indonesia (BI) has eased loan requirements for the purchase of property, cars and motorcycles in a move designed to spur the country's weak economy, which has been

Satria Sambijantoro, Jakarta – The government's plan to implement a tax amnesty for financial criminals might bring more harm than good to the Indonesian economy, analysts are warning.

Randy Fabi, Palembang – Fed up with capitalists plundering Indonesia's riches, members of the country's second-largest Islamic group have drawn up plans to launch a "people's power" movement.

Tom Benner, Dili, East Timor – Following his first 100 days in office, the new prime minister of East Timor marvelled at how the peaceful transition of power from his predecessor stood in stark con

Tassia Sipahutar, Jakarta – The International Monetary Fund (IMF) has slashed its estimate on Indonesia's economic growth to 4.7 percent for 2015, a growth revision similar to that made by the Worl

Grace D. Amianti, Jakarta – Exports continue to drop in May with little sign of improvement in the future as the Central Statistics Agency (BPS) predicts less trade surplus later this year.

Satria Sambijantoro, Jakarta – Finance Minister Bambang Brodjonegoro has tinkered with fiscal policy as he relaxed the requirements for corporate tax allowances and eased luxury taxes on certain it

Satria Sambijantoro, Jakarta – Economists from Goldman Sachs to JPMorgan Chase have revised down their growth outlooks for Indonesia as foreign investors' confidence in President Joko "Jokowi" Wido

Satria Sambijantoro, Jakarta – The sell-off in the Indonesian financial market deepened on Monday as foreign investors began to move their funds to developed countries amid signs the Federal Reserv

Randy Fabi, Palembang, Indonesia – Indonesia's second-largest Muslim group plans to file a lawsuit challenging a decision by President Joko Widodo to scrap $20 billion worth of government fuel subs