Jakarta – At least 16 foreign mining companies have delayed their activities due to uncertainty in security or financial problems, a senior government official said on Monday.

Jakarta – Standard and Poor's said Tuesday it had downgraded Indonesia's long-term foreign currency issuer credit rating to "selective default" from CCC+ in the wake of last week's debt

Hongkong – President Abdurrahman Wahid said Indonesia, China and India should go forward together with the help of Japanese and Singaporean "capital, know-how and technology" to create

Derwin Pereira, Jakarta – The Indonesian government, brushing aside the threat of foreign investors pulling out from Batam, said yesterday it would go ahead with plans to impose a value

Political divisions within the Indonesian cabinet and a lack of political support for agencies charged with implementing financial reforms are hampering changes in the financial sector,

Paris – The Club of Paris, a group of leading creditor nations, agreed Thursday to reschedule 5.8 billion dollars of Indonesia's public debt.

Jakarta – Low-income rural people appear to be most vulnerable to growing wealth inequalities in Indonesia following the economic crisis, the World Bank said Thursday.

Simon Montlake, Jakarta – Indonesia should find it easier to restructure $2.1 billion in sovereign debt owed to donor countries at the Paris Club meeting on April 12 after catching up o

Jakarta – Indonesia's Finance Minister has accused the International Monetary Fund (IMF) and the World Bank of interfering in the country's programme of economic reforms.

Jakarta – The Indonesian government and parliament should meet to discuss the impact of fuel subsidies on the nation's budget, Mines and Energy Minister Susilo Bambang Yudhoyono said ye

Time is running out for President Abdurrahman Wahid to spur his squabbling cabinet into action and deliver promised economic reforms – or risk unravelling Indonesia's precarious recover

Jakarta – Indonesia faces a race against time to fulfil pledges made to the International Monetary Fund if it is to persuade creditors to reschedule its debt and the IMF to release its

Indonesia has consulted the International Monetary Fund on its delay in raising fuel prices, said Economics Minister Kwik Kian Gie.

Jakarta – The government collected Rp 95.57 trillion (US$12.74 billion) in income, sales, value-added and property taxes in the fiscal year which ended on Friday, about 3 percent above

Sidrap – Thousands of farmers in Sidrap regency, some 230 kilometers north of the South Sulawesi capital of Makassar, have threatened to stop growing rice if the price of unhusked rice

Shoeb Kagda – Concern over the International Monetary Fund (IMF) delaying its next loan payment of US$400 million to Indonesia sent the rupiah skidding yesterday to its lowest level in

Jakarta – The International Monetary Fund (IMF) has warned that instability could occur if the government presses ahead with its plan to increase prices in the energy sector, at a time

Singapore – The chief of the Indonesian Bank Restructuring Agency (IBRA) said Tuesday top Indonesian ministers have given "verbal" approval to issue bonds to bail out 48 companies indeb

Michael Richardson, Jakarta – After sidelining the military and consolidating democracy in Indonesia, a country long used to authoritarian rule, the government of President Abdurrahman

Jakarta – Indonesian share prices, which fell 1.6 percent this week, are expected to remain flat next week due to a lack of positive sentiment and the market's disappointment with the a

Andrew Marshall, Jakarta – Indonesia's plans to give regions more control over their finances are at the heart of the country's efforts to hold its disparate provinces together.

Tim Dodd, Jakarta – The chairman of Indonesia's National Business Development Council, Mr Sofyan Wanandi, has the task of harnessing business to invest in Indonesia, but concedes that c

Jakarta – Several foreign investors and buyers may pull out of contracts with Indonesian plywood producers over escalating conflicts between timber companies and local people in Kaliman

Marianne Kearney, Jakarta – Indonesia's economic growth will exceed previous conservative estimates of between 3 and 4 percent, but the International Monetary Fund's new representative

Simon Montlake, Jakarta – Indonesia must tread cautiously in cutting fuel subsidies and should seek to lessen the impact on kerosene prices as this directly hits poorer households, Inte

Jakarta – The National Business Development Council has urged the government to immediately deal with security disturbances against the business sector, saying that in 1999 alone, the b

Derwin Pereira, Jakarta – Indonesia's government is getting ready to crack the whip on recalcitrant debtors by giving the Attorney-General's Office powers to sue companies that fail to

Jakarta – Indonesia appeared to back down yesterday from a multi-million dollar fight with the United States after Washington threatened to seize Indonesian assets abroad.

Jakarta – Indonesia's Investment Minister Laksamana Sukardi has pleaded for time to reform the country's graft-ridden legal system and promised to honour contracts agreed with past regi

Tim Dodd, Jakarta – After a year's pause for breath Indonesians are about to face another economic squeeze with tax hikes and subsidy cuts set to raise prices on basic goods as part of

Jakarta – At least three of Indonesia's airports under the state-owned airport operator PT Angkasa Pura (AP) I, will be offered to private investors, a company official said.

Dow Jones, Jakarta – As Asia's only member of the Organisation of Petroleum Exporting Countries, Indonesia's coffers are filling with cash, according to analysts and Indonesian governme

Jakarta – A total of 72 national banks suffered combined losses of Rp38.7 trillion (US$5.5 billion) last year, while 92 others managed to register profit, a study said.

Jakarta – Indonesia's economy grew 0.2 percent last year following its collapse during the 1998 Asian financial meltdown, according to statistics released Wednesday.

Kate Linebaugh – Indonesia's bank rescue agency (Ibra) inched nearer to recouping the cost of propping up the nation's lenders this week when it replaced management at the country's big

Dan Murphy, Jakarta – Car maker Astra International has long been among Indonesia's best-regarded companies, one that the son of its founder calls a "cash machine." Its lock on the dome

Soraya Permatasari, Jakarta – The Indonesian Bank Restructuring Agency (IBRA) on Tuesday won its battle to oust the head of auto conglomerate Astra International, moving a step closer t

Washington – The International Monetary Fund (IMF) threw Indonesia a new financial lifeline on Friday, approving a new three-year loan worth $5 billion to help seal a tentative economic

Jakarta – Indonesia's main aid donors on Wednesday pledged up to 4.7 billion dollars in loans to support the country's 2000 budget but deferred a decision on rescheduling 2.2 billion do

Jakarta – The violence and political uncertainty enveloping Indonesia pose serious risks for the economy and investment, but those willing to take their chances could reap huge rewards.

Jakarta – The World Bank today gave its seal of approval to the new government of Indonesian President Abdurrahman Wahid for its handling of economic affairs during its first 100 days i

Jakarta – The Indonesian government faces an uphill task to stay on the road to recovery this year and will need loans of between 4.2 billion dollars and 4.7 billion dollars from its ma

Jakarta – President Abdurrahman Wahid has nominated reform of the legal and regulatory system as central to Indonesia's economic recovery and development.

Jakarta – Indonesia's new Government unveiled its first Budget yesterday with pledges to reform the bankrupt banking sector.

Tim Dodd, Jakarta – President Abdurrahman Wahid expects his first Budget, which tries to meet a multitude of conflicting economic challenges, to return Indonesia to pre-crisis growth le

Andrew Marshall, Jakarta – Indonesia's powerful bank restructuring agency went on the offensive on Tuesday in the battle over control of the country's largest automaker, Astra Internati

Reuters, Tokyo – Indonesia faces a bank-sector meltdown and a political break-up that could trigger a financial crisis, according to a senior official of the Japan Bank for Internationa

Jakarta – The government will intensify taxation efforts and reduce new foreign borrowing and investment spending to control the budget deficit for the 2000 fiscal year at a maximum of

Rin Hindryati – Indonesian ad agencies say their business is heating up, thanks to improving consumer demand and a strong holiday season.

Michael Shari, Jakarta – Indonesia is preparing to take stern measures to regulate its debt-plagued financial system.