Dili and a Portugal Telecom-led consortium signed a 15-year concession Friday for the Lisbon-headquartered company to establish and operate the new country's telecommunications systems.

Dadan Wijaksana, Jakarta – As the Indonesian Bank Restructuring Agency (IBRA) opened on Wednesday the bidding for its ambitious sale of some Rp 145 trillion (US$16 billion) worth of non

John McBeth, Jakarta – His office overlooking Jakarta's central business district, the shirt-sleeved boss of a Western mining company gestures to a graph on his computer screen.

Michael Shari, Surabaya – When Indonesia's President Suharto fell from power in 1998 and the business empires of his cronies melted down, young Hary Tanoesoedibjo saw a chance to snap u

John Garnaut – Forget luring Allan Jones to 2GB, or his role in rescuing Channel 10 – John Singleton looks set to realise his most lucrative media deal tomorrow.

Jakarta – While Indonesia's economy has been making significant improvement in a number of key areas, progress remains relatively fragile, the chief representative of the International

Geoffrey Barker – Sixty influential Chinese business association leaders arrived in Dili from Macau last week to talk to East Timorese leaders about investing in the impoverished new na

Dadan Wijaksana, Jakarta – The latest data showing a precipitous drop in foreign direct investment (FDI) should serve as a wake-up call for the government to quickly take action to impr

Robert Go, Jakarta – Architect Andi Perdana dug out his wallet without hesitation and snapped up new cell phones for himself and his wife in a shopping mall in Surabaya, East Java.

Clare Black, Oslo – East Timor, a brand new nation barely one month old, hopes that the rebirth of its legendary gourmet coffee will bring some much-needed income to its people who are

Jakarta – Indonesia told international creditors yesterday that its efforts to turn around the sickly economy were bearing fruit, and the creditors largely agreed.

Canberra – The federal government was examining introducing duty-free status for all goods of East Timor origin, Foreign Minister Alexander Downer said today.

[Australians keen to help in the reconstruction of East Timor are being asked to make a financial commitment.

Jakarta – President Megawati Soekarnoputri told a United Nations summit on food and agriculture that the burden of foreign debt on poor nations restricted access to food and undermined

Indonesian President Megawati Sukarnoputri has agreed to increase import tariffs on all food and agricultural commodities in the near-term, a report said.

Jill Jolliffe, Dili – A Portuguese company is poised to win a $US16 million contract to set up East Timor's new telecommunications network, further consolidating Portugal's commercial i

Yuli Tri Suwarni, Bandung – Thousands of poultry farmers declined to pay a special poultry tax to the West Java provincial administration because of their losses in the fierce competiti

Dean Yates, Dili – About the only thing pro-Jakarta militias didn't destroy in their rampage after East Timor voted in 1999 to break free was something they couldn't touch – the territo

Dadan Wijaksana, Jakarta – The economy grew by 2.47 percent in the first three months of 2002 compared to the same period last year, fueled mainly by strong consumer spending, the Centr

Robert Go, Jakarta – Increasing rice shortages could force many Indonesians into having to give up their favourite dish of nasi goreng by the end of the decade.

Rod McGuirk – East Timor has a good chance of becoming financially independent in a few years through Timor Sea energy royalties, the World Bank told donor nations yesterday.

Jakarta – The International Monetary Fund (IMF) gave a positive report on the Indonesian economy on Monday, saying that macro economic indicators in the first few months of the year wer

Devi Asmarani, Jakarta – Several regional TV stations that have sprouted across Indonesia during the past year are now on the verge of collapse due to low ratings, inability to attract

Dean Yates, Jakarta – In the past two months foreign investors have snapped up a bond by Indonesia's top mobile phone firm, a US investment fund paid good money for the country's bigges

Devi Asmarani, Jakarta – The Indonesian government has ordered several provinces to revoke "problematic" laws and regulations in a bid to reign in regions which are exercising too much

Jakarta – Indonesia is planning new incentives to raise foreign direct investment after a slump last year, an official said Thursday.

R.K.

Jakarta – Indonesia's currency and stock market were higher in early trading Monday after the Paris Club's agreement to reschedule 5.4 billion dollars in government debt.

Paris – Indonesia's foreign government creditors on Friday said they had agreed to re-schedule a portion of the country's external debt service obligations.

Robert Go, Jakarta – A lack of investment in Indonesia's power sector has forced the government to schedule regular blackouts in more than 30 regions across the country.

Jakarta – Indonesia's economic growth in the next few years will be too low to lift millions of its people out of poverty, the Asian Development Bank (ADB) said Tuesday.

Jennifer Chen, Singapore – Ratings agency Standard & Poor's said on Tuesday Indonesia's long-term sovereign ratings are still at risk of a downgrade to "selective default" despite r

Jakarta – Indonesia continues to fall further behind China and Thailand in the competition for Japanese investment, and it could be overtaken by Vietnam and India if it does not take im

Devi Asmarani, Jakarta – Indonesia's longest-running television station, the state-owned Televisi Republik Indonesia (TVRI), may go off air if it fails to pay the millions of dollars it

Berni K.

Jakarta – Indonesia's economy will grow by up to 3.8 percent this year and inflation will be fall to 9.5 percent under an optimistic scenario, Central Bureau of Statistics head Sudarti

Jakarta – The rupiah broke through on Tuesday the Rp 10,000 level against the U.S.

Robert Go, Jakarta – From his small electronics kiosk in Jakarta's Glodok market, Mr Gunawan sells imported 21-inch Sony televisions for 4.1 million rupiah (S$780) each, but a similar s

Jakarta – Indonesia's inflation rate in February rose 1.5 percent from January and 15.13 percent from a year earlier, it was announced Friday.

Jakarta – Indonesia announced a rise in January exports Friday in what one analyst called a good sign for the country's economy.

Robert Go, Jakarta – Indonesia's grand scheme to rev up its economy by revitalising four key industries has been branded unrealistic by businessmen and analysts.

Devi Asmarani, Jakarta – Islamic organisations are making their mark on Indonesia's economy with growing operations in the retail, manufacturing and banking sectors.

Devi Asmarani, Jakarta – More Indonesian banks are converting themselves into Syariah banks as people become "more Islamic" and their trust in the conventional banking system erodes.

Jakarta – The Indonesian government has decided to delay the privatisation of mining concerns PT Tambang Timah and PT Aneka Tambang due to weak commodity prices, State Enterprises Minis

Jakarta – The Indonesian government – which is starved of funds to help the country's poor – will increase pressure on former bank owners to repay billions of dollars in state loans, th

Jakarta – Indonesia announced Monday its economy grew by 3.32 percent last year, lower than the government's forecast of 3.5 percent but higher than many of its neighbours.

Jakarta – Indonesia's unhusked rice production is forecast to reach 48.65 million tonnes this year, 1.9 percent less than 2001, an Indonesian Central Bureau of Statistics (BPS) official

Robert Go, Jakarta – Some recent developments suggest that Indonesia's economy is moving on the right track, but observers also warned that there is no light at the end of the tunnel ye

Jakarta – The International Monetary Fund (IMF) called Wednesday for a "clear strategy" from the Indonesian government to recover loans worth billions of dollars which were extended to

Jakarta – The Indonesian government's foreign debt totalled 71.4 billion dollars at the end of last year, top economics minister Dorodjatun Kuntjoro-Jakti said Monday.