Susan Sim, Jakarta – The fabled Busang gold mine, once described as the richest find this century with a reputed 71 million ounces of gold, is a scam "without precedent in the history o

A patch of Indonesian jungle that Bre-X Minerals had hailed as the gold find of the century is actually a tampering job "without precedent" in the history of mining anywhere in the worl

Jakarta – Hit by poor sales, Indonesia's national distributor has offered to sell "Timor" cars to government officials in various provinces, it was reported yesterday.

London – The London newspaper, Sunday Business, yesterday (April 13th) broached the heretical possibility that US mining giant Freeport McMoran may be deliberately under-estimating the

Jakarta, Indonesia – Indonesia's government Thursday halted development of the Busang gold deposit, once touted as the world's richest, one day after Freeport-McMoRan Copper & Gold

Seth Mydans, Jakarta – He owns forests, paper and plywood mills, airlines and banks, and last month he brokered a deal that gave him a major share in what may be the world's largest gol

Toronto – Speculation that a gold field in Indonesia won't live up to expectations – coupled with the sudden and dramatic death of a mining company geologist – hurt the shares of Canadi

Jakarta, Indonesia – Shares fell sharply Tuesday on continued selling pressure in large-capitalization shares, led by Telekomunikasi Indonesia in moderate dealings.

Ong Hock Chuan, Jakarta – The Salim, Sinar Mas and Gajah Tunggal groups have retained the top three positions in the latest ranking of Indonesia's 100 largest conglomerates published by

Margot Cohen, Cirebon, West Java – Rohiman used to make a decent living selling eggs and cooking oil, but those entrepreneurial days are long gone.

Rahul Jacob – At a press conference late last month following his takeover as chairman of carmaker Astra International, one of Indonesia's bluest of blue-chips, Mohamad "Bob" Hasan seem

Ong Hock Chuan, Jakarta – One economic casualty of the spate of riots to strike Indonesia over the past few months may be the owners of supermarket chains, a sector that was expected to

Cesar Bacani and Keith Loveard/Jakarta – Just call him King.

Three years after discovering what is touted as the worlds richest gold lode in Indonesias Kalimantan province, Canadas Bre-X Minerals may have finally hit the jackpot.

Jakarta – One of the architects of the New Order economy, Prof Dr Soebroto, explicitly stated that the flourishing of various kinds of levies [read bribes - JB] which has been going on,

Marcy Gordon, Washington – In its first action in a decade under the Foreign Corrupt Practices Act, the Securities and Exchange Commission announced Thursday a settlement with a Texas-b

S N Vasuki – The fallout from the Busang gold controversy in Indonesia has been immediate.

Richard Borsuk, Jakarta, Indonesia – The chairman of Bre-X Minerals Ltd., facing shareholder ire over last week's pact fixing ownership of the Canadian firm's giant gold find in Borneo,

Jay Solomon, Jakarta – Tommy Suharto's car project may be hitting the skids, but ironically it's been a boon to Indonesia's auto industry.

Minister of Justice Oetojo Oesman and People's Republic of China's Deputy Minister of Justice Xiao Jianzhang met in Jakarta on Tuesday (25/2).

Louise Williams, Jakarta – The Indonesian Chamber of Commerce and Industry has proposed a new economic policy to support indigenous entrepreneurs.

Jakarta – Timor national car producer, PT Timor Putra Nasional,will no longer rely on special assistance from the government indeveloping its car industry, its president director, Hutom

Jakarta – In Indonesia, doing business is largely a matter of whom you know. And few executives know more people than Mohamad "Bob" Hasan.

Buy Astra? Or sell Astra? It depends on what Mohammad "Bob" Hasan will do when he takes over at Astra International, Indonesia's largest manufacturing force.

Richard Borsuk, Jakarta, Indonesia – Bankers and securities analysts piled into PT Astra International's news conference Wednesday for a glimpse of the Indonesian auto assembler's new c

John McBeth and Jay Solomon in Jakarta – It's hard to get any closer to the top.

Jakarta – Bre-X Minerals Ltd will not receive any payment for the 30 per cent stake in the Busang gold deposit that it gave to its Indonesian partners, said Mohamad "Bob" Hasan, an Indo

Jakarta – Business tycoon Muhammad "Bob" Hasan, a close associate of Indonesia's President Suharto, is tipped to take a key role in the country's largest carmaker PT Astra International

Jakarta – Indonesia has accepted a proposal by Canada's small Bre-X Minerals Ltd mining company to develop the huge Busang gold find, Mines and Energy Minister Ida Bagus Sudjana confirm

Richard Borsuk, Jakarta – The government gave its formal blessing to the recently settled ownership battle for the giant Busang gold find, and an official used the occasion to deliver a

Ong Hock Chuan, Jakarta – Monday's announcement that Freeport McMoRan Copper and Gold won the rush to mine what may be the world's largest gold reserves has sparked widespread concern a

Anthony Depalma, Toronto – A century after the Klondike gold rush, a modern-day stampede marked by political intrigue and fast deals is about to result in an American mining company sta

Jakarta – Indonesia's state-owned oil and gas company plans to sell to Japanese investors a 13 percent stake in a giant gas project in the South China Sea, the government said Tuesday.

Canberra – The state-owned aircraft manufacturing company IPTN will join the Australian International Air Show and Aerospace Expo in Avalon Airport, Geelong, Victoria, on February 18 to

Jakarta – PT Indofood Sukses Makmur, the largest instant noodle maker in Indonesia, is buying control of six affiliated companies for 1.75 trillion rupiah (S$1.05 billion), or about 15

Ong Hock Chuan and agencies, Jakarta – International bidding for the rights to operate one of the world's largest gold mines may have to start again if two of the main contenders do not

Richard Borsuk, Jakarta, Indonesia – A dramatic saga over who will develop the giant Busang gold deposit on the island of Borneo is set for a surprise ending.

Jakarta – The Indonesian government announced Friday deregulation measures that extend export facilities to six new sectors in a bid to bolster the country's non-oil-and gas export comp

Ben Dummett, Toronto – Bre-X Minerals Ltd.'s (BXMNF) stock is under selling pressure, indicating that investors are disappointed with the Calgary firm's reported deal for the developmen

It has all the hallmarks of a great saga: members of Indonesia's most powerful political family vying for control of a spectacular treasure, with most of the international intrigue goin

The Australian government has approved a massive oil project in the Timor Sea, involving the world's biggest offshore floating oil production facility.

S N Vasuki – Indonesian banks are suffering a long-expected shakeout as higher capital requirements and increased competition force gut-wrenching change in the industry.

Indonesian stocks rose to a record as investors continued to warm to Indonesia's improving economic picture and the outlook for faster profit growth in the coming year.

Canberra – The family of Indonesian President Suharto jumped to ninth on an annual ranking of Asia's richest people published yesterday – up from 93rd last year – with a combined wealth

Andreas Harsono, Jakarta – The talk about A takeover began to emerge among Jakarta journalists in September, after businessman Peter Gontha signed an agreement that let him take control

Jakarta – A private company set up last year by Indonesian President Suharto to finance the country's first passenger jet project plans to go public Feb.

Indonesia, with a population of 200 million in 1997, has been struggling to reduce income inequalities and social disparities among its diverse ethnic groups inhabiting the country's 13

PT Dua Satu Tiga Puluh (DSTP) which will fund the engineering development and construction planning of the jet aircraft N-2130, produced by PT Industri Pesawat Terbang Nasional (IPTN) w

S N Vasuki – Indonesia reported higher inflation and a sharply lower trade surplus yesterday in line with the expectations of most economists.

S N Vasuki – Indonesia's Lippo Group has positioned itself as a major player in the retail sector with last week's acquisition of a 50.1 per cent stake in PT Matahari Putra Prima which