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GATEWAY TO INDONESIA  Information & Research Resources       Focus on Current Affairs   1 2 3 4 5   National and International Media Links INDONESIA MONITOR     Home  History Presidents Special Topics Country Profile Political Profile Economic Profile Cultural Profile  Maps  Books Site Map Contact Us   Please report broken links to webmaster ECONOMIC PROFILE Economy Investment Finance Industry Trade Oil & Energy Business  Economic Trends FINANCE Economy Business WORLD BANK - Indonesia Country Assistance Strategy FY 2004-2007 Data and Statistics Indonesia Country Update 2004 Indonesia Statistical Information Indonesia at a glance 09/20/04 Summary Education Profile Demographic Projections Health Nutrition & Population summary ICT at a glance 2003 Publications & Reports Projects & Programs Development Topics     Economic & Financial Highlights Nov-Dec 2007   Finance Reform Efforts Indonesia takes stock of Economic Reforms 2007 Economic & Financial Highlights March 2007 Trade & Investment Highlights February 2007 Bank Indonesia's Open Market Operations 08/2005  BBC: Indonesia vows to repay IMF debts 05/30/06 Bloomberg: Why Indonesia must abolish Rupiah 08/31/05  Forbes: Interest rates may rise 200-300 BPS 09/14/05 Forbes: Rupiah loses more ground 08/29/05 Financial Times: Pressure grows to aid currency 08/29/05 Asia Times: Rupiah slips on oil 08/27/05  IHT: Scrambling to rescue the Rupiah 08/29/05 Forbes: Rupiah falls to new low 08/25/05  Reuters: Indonesia facing market unease 08/25/05 The Standard : Jakarta to ease tax rule for foreign investors 08/17/05   Yahoo Finance: Rupiah sets fresh low 08/25/05 US Embassy: Indonesia -Economic & Financial Highlights April 2005  History of a bankruptcy orchestrated by Worldbank and IMF 07/10/05  Single Asian currency Key to stability 04/23/05  IHT: Merill Lynch set to expand in Indonesia 04/27/05 WorldBank: Development non-bank financial institutions in Indonesia 04/11/05  Bloomberg: Indonesia raises $1Billion in revived bond sales 04/14/05 Financial Times:  Moody's upgrades Jakarta's debt outlook 02/20/05  IHT: Rates pose obstacle for Jakarta stocks 02/23/05 Dow Jones: Moody's raises Indonesia rating outlook to positiver 02/18/05  Bloomberg: Debt Rating raised by Moody's 02/18/05 ChannelNews: Indonesian currency ratings raised as economic outlook improves 01/27/05   IHT: Indonesia funds shone in 2004 002/03/05  IHT: Indonesia plans broad rebuilding 01/17/05  Bloomberg: Indonesia says $150 Billion needed for infrastructure 01/17/05 Financial Times: Indonesias shuns freeze of repayment of debt 01/14/05  Reuters: Indonesia offers $75 Billion in infrastructure projects 01/17/05  Forbes: Indonesia wary of debt moratorium 01/14/05  NYT: Debt hiatus welcomed a bit warily 01/14/05 BBC: Will debt freeze work? 01/13/05  Deutsche Welle: Indonesia mulls debt moratorium 01/13/04 Channelnews:Indonesia aims to attract US$22B at infrastructure summit 01/12/05  BBC: Debt freeze for Tsunami nations 01/13/05 Washington Times: Donors divided on debt moratorium 01/11/05  Reuters: Paris Club agrees to debt freeze 01/12/05 CNN: Indonesia welcomes Paris debt deals 01/11/05  Asia Times: Indonesia's rising debt 01/11/05 Sunday Herald: Debt relief could increase long-term burden 01/09/05  CNN: Indonesia sees $3.2 billion debt freeze 01/10/05 CNN: G8 may freeze debt payments 01/04/05   Financial Times: Indonesia to incsrease claims for debt relief 01/09/05 Bloomberg: Indonesia credit rating raised by Standard & Poor 12/22/04  Financial Times: S&P upgrades Indonesia's sovereign ratings 12/22/04  Forbes: Indonesia promises to modify tax system 12/13/04  Belga: Bloomberg launches First Indonesian Overnight Index Swaps Platform 12/13/04 Bloomberg: Stocks may gain as Yudhoyono cuts taxes, grafts 12/06/04  Mergers & Acquisitions 11/22/04 Bloomberg: Indonesia to cut corporate tax starting next year 12/01/04  Forex: US$-The passing of the buck? 12/05/04 History of International Financial Institutions in Indonesia (June 2000)   JP: B.I. sees Rupiah settling at about 9,000 11/26/04  Finance Asia: Fiscal policy strangling Indonesia 11/05/04  WorldBank: Monetary & Financial Statistics 1996-2004 JP: New govt told to pay all IMF debts 10/18/04 CSIS- Working paper: Fiscal stability and de-industrialization Asia Times: Noodle giant's recipe for recovery 10/14/04  Jakarta Post: Credit card users will grow 20% next year 10/18/04 New Statesman: America's foes prepare for a monetary jihad 10/04/04  Bloomberg: Indonesia's rating depends on Yudhoyono's abaility to boost growth 10/07/08 Bloomberg: Bank Indonesia increases Rupiah forecast 09/24/04  Business Week: A second shot at reform 09/27/04 Bank Indonesia faces policy dilemma 09/16/04  IHT: Indonesia needs to spur growth IMF says 09/23/04 Bank Indonesia wants to increase role of foreign banks 09/01/04  Standard Charter submits highest bid for Bank Permata 09/02/04 Funds flow into Indonesia seen starting soon 08/16/04  BBC: Indonesia urges debt flexibility 08/16/04  Indonesia unveils cautious 2005 budget 08/16/04 Megawati says IMF must rectify policy errors 08/16/04 Indonesia - IMF Country Report July 2004  S&P upbeat on Indonesia 07/25/04 Business Times: IMF must account for poor 1997 advice 06/24/04  Business Times: IMF must account for poor 1997 advice 06/24/04 JP: Rupiah's fall has not hurt economy 06/11/04  State Concerns: Tax on target 06/20/04 Central Bank moves to steady currency 06/08/04  Financial Times: Indonesia tightens controls as rupiah sinks 06/10/04 Bloomberg: Central Bank may fail to arrest Rupiah's slide 06/08/04 Bloomberg: Prudential wins bankruptcy appeal 06/08/04 Jakarta Post - IMF Reforms 06/09/04  Indonesia and the IMF 05/26/04 Pertamina blamed for rupiah 06/06/04 Economic concerns grow over rupiah 05/31/04 Asia Times: Indonesia faces up to post- IMF reality 08/15/03 IMF- Paris list of Indonesia debt treatments Life with the IMF-Indonesia's choice for the future 04/15/03 IMF-Indonesia financial position as of 04/30/04 Asia Times: Privatization blues 04/19/03 BW: Kuncoro Jakti-We are going to fight terror 08/25/03 Asia Times: Rupiah defies Indonesia's gravity 04/24/03  USINDO - The coming crunch in 2004 Singapore gains ground in Indonesia banking 06/17/03 Indonesia sell-off-Singapore scores again 05/08/03 Post Mortem on IMF program in Indonesia  IMF - Post CGI economic outlook USINDO - Finance Minister Confidence in sustainability of economic course CNN: Donors pledge $2.7B CNN: Indonesia reforms 2004 deadline  USINDO: Risk Management in Indonesian banking IMF to bid Indonesia farewell 12/2003  Indonesia's gold standard 09/07/02 BBC: IMF policies are "generic trash"  BBC: Indonesia receives $3B lifeline BRI - Another bank refloats 10/08/03 Bank Mandiri share sales goes ahead 07/04/03 WP: Finance Ministers considering crackdown  BBC: Indonesia agrees to IMF reforms BW: Indonesia's hasty survival strategy 10/16/2000  WB- Restructuring of Indonesian Banks IBRA - Indonesian Bank Restructure Agency  CNN: Bank Niaga sale failed  CNN: The BCA sale  CNN: Short list on Indonesia sale scrutinized  CNN: Masters of the Universe behind BCA sale  IMF on Indonesia (Jan 2002)  Daily News: How Jakarta hoodwinked Standard Chartered BCA - The jewel in Salim's crown BW: Crony Bank Anyone? 05/22/2000 BW: Astra , Ready- Set-Sell 04/10/2000  IMF says BCA sale important step   StanChart sees Indonesian buys after BCA Dow Jones: Indonesia divestment Reuters:  Farallon wins bidding for BCA Standard Chartered loses despite higher bid  Farallon to start BCA payment March 28 AFP: US investment firm wins bid for BCA   CNN: Laksamana Sukardi on BCA sale  BBC: Bank privatisation finalised Farallon's consortium buys BCA  CNN: Bank Head jailed for graft  CNN: Farallon wins biggest bank CNN: Task force leans on IMF terrorist intelligence BBC: Indonesia Bank Governor guilty   MSNBC: Central Bank Governor convicted BBC: Indonesia Bank chief in forgery row (12/01)  FEER: Standard Chartered's interest in BCA  FEER: Interview Dorodjatun Kuncoro-Jakti WP: IMF mulls new protecton for debt-stricken nations  BBC: Indonesia gets $400M ADB loan Asia Times: New IMF pact signed  CNN: Indonesian recovery fund faces hurdles BBC: Indonesia wins $3Billion lifeline  BBC: $3Billion aid pledge  BBC: World Bank sets deadline  FEER: Cement - High noon in Padang  BBC: Indonesia on the IMF Website   AsiaWeek: Largest companies 2001 BBC: Worls Bank warns Jakarta on sell-off  BBC: Reform hit by cement row  BBC: IMF starts Indonesia loans   BBC: Megawati warns of debt crisis  FEER: Indonesia economic outlook  CNN: Megawati gets tough on debts woes MSNBC: New IMF deal signed  CNN: Indonesia and IMF sign new agreement  CNN: Indonesia signs deal with IMF  BBC: New deal with IMF  FEER: Interview Laksamana Sukardi  MSNBC: Indonesia signs agreement with IMF CNN: Indonesia seeks to mend ties with IMF   FEER: Rebound of morobund economy underway? BBC: IMF talks expected soon   BW: Changing Bank Agency boss BW: Post Suharto Era An Investor's nightmare 05/20/2000 BW: A talk with Rizal Ramli 09/11/2000 BW: Bank Indonesia - Where did the billions go? 02/28/2000 BW: Bank Indonesia Money Trail 02/28/2000 BW: Changing of the guard 02/28/2000   BBC: Megawati seeks to reassure markets  CNN: Megawati names bank reform chief CNN: Worldbank looks to restart loans   CNN: Improving ties with the IMF  CNN: Worldbank-Asia healthier to handle crisis  SMH: Australia to study debt in search of way-out FEER : Laksamana Sukardi - Steadying the course  BCA - Problems of financing Indonesia banks ASIAweek: Indonesia banking Businessweek: Megawati's short honeymoon IMF: Indonesia and the IMF IMF: Anatomy of a Banking Crisis 97-99 BBC: Inflation edges up   CNN: Rupiah breaks 10,000 CNN: IMF loan next month?  IBRA downsizing begins CNN: IMF deal seen within a week  BW: A chat with Finance Minister Rizal Ramli Asiaweek: Banking on foreign expertise Asiaweek: Banking on foreign expertise BBC: Indonesia sacks Bank reformer  Asiaweek: IBRA back to square one BBC: Indonesia's economic crisis  CNN: Closer to break IMF deadlock  Indonesia moves to appease IMF BUSINESS WEEK: Cut-off by IMF? Debt workout close to IMF target  New terms on regional budgets  Indonesia cuts growth rate  Rupiah set to resume fall FEER: A Victim of legal anarchy  ADB sees dip in Asia's growth IMF positive on Indonesia review  CNN: Cemex take-over bid blurred  Critical IMF talks  IMF will re-examine Indonesia Changes in Income Tax (03/01)  Indonesia confident on IMF review   Safeguarding Asian currencies FEER - Indonesia monetary meltdown The apathy of the financial sector  Ramli: Rupiah will gain if tension eases  LIPPOGATE: James Riady fined $ 8.59M  Barton Biggs upbeat on Asia Restoring monetary integrity Fiscal sustainability International investment discouraged  Changes to Income tax (03/2001)  Plummeting rupiah adds to woes  Money moving overseas BI will not allow Rp to break 10,000   FEER: Banking- On dangerous ground Indonesia dispute with IMF   World Bank warning of halt in lending World Bank: Economy threatened  World Bank warning   Reform or face economic peril   Another IMF crisis? Indonesia and the IMF (02/2001) IMF: Indonesia position in the fund Rupiah NDF market will affect spot Rupiah vulnerable to NDF Rizal: IMF pushing too hard for reform  NDF ancam rupiah IBRA - One lousy job Offshore banks to start NDF Manulife auction proceeds frozen   Manulife: A Deal is not a Deal New foreign exchange ruling  B.I. to use T-bill as benchmark IMF concerned about provincial borrowing  IMF & Fiscal decentralization effects  World Bank may trim loans E. Gerungan: Restrukturasi perbankan BI remains centre of battle  Central Bank of Indonesia  Chronology of Crisis (12/13/00) Wahid: Singapore can ease rupiah woes Wahid chides IMF and Singapore Issue of rupiah trading Business & Finance sites  Tax holiday end for foreign projects  Political bank battles  Syahril Sabirin: A comedy of errors Bank Governor resumes post Bank chief in forgery row Hasty survival strategy A talk with Rizal Ramli    IMF loses patience  Fiscal decentralization regulations   Bank Bali defendant cleared New Central Bank Chief Asia's liquidity drought  New Bank Indonesia Governor  Another casualty of crony capitalism The IMF in Asia CGI approves $4.8 billion for 2001  CGI approves $4.8 Billion aid package Up in Arms Briefing World Bank 10/2000  BW - Hasty Survival Strategy Budget FY 2001 Financing Further slip on investment map Budget FY 2001 Revenues Budget FY 2001 Expenditures Budget FY 2001 Foreign borrowing Budget FY 2001 Assumptions  Budget FY 2001 summary Budget FY 2001 unveiled  Debtors to benefit 2001 Draft budget  $340M Debt restructured  Debt restructure deal with London Club  FinEc Highlights 09/2000 IMF cites significant economic progress   British Bank becoming more Asian Talk with Rizal Ramli   Legal uncertainty hampers Batam   IFC to guarantee international bonds  IFC denies commitment to bonds  Economic & Financial Data 08/00  Saving the rupiah  Asian currency crisis  Corporate restructuring going backward  Challenge of lasting recovery  Challenges after the crisis  1997-98 Financial Crisis  1997-99 Asia Global Financial Crisis  Bank Indonesia and the crisis  Notes on post-crisis development US dealings in Indonesia  Chronology of the 1997 financial crisis     State Budget 2000 Statement The economic crisis Economic & Financial Issues Stern NYU Banking & Financial Institutions Even well-run banks swamped Banking & Financial Institutions Development Statistics  Asian Regional Cooperation New Links Can Indonesia follow through? Billions from next door Why Jakarta looks so good Taking Donorgate in stride Making sense of a crisis Take the hard way Mahathir-Soros debate Krugman sees the light 1997 The Great Asian stock crash 1998 Asia's Meltdown Rupiah Rasputin   IMF bailout Up in smoke Can the IMF save Asia? Asian bankers join hands The dark side of prosperity How currencies tumbled so quickly Showdown on a risky bet Consultative Group Indonesia Readings & References CGI Meeting Feb 2000 Indo Exchange Fin Mnister on Economic Policies Jakarta Stock Exchange JSX Riady's WH connection backfired JSX Man in the Hot Seat World Bank on Corruption Surabaya Stock Exchange 1998 Banking Revolution Central Bureau for Statistics Indonesia Downgraded to B - Mar98 Investment Statistics Monetary & Banking Issues EKUIN Web Development Priorities & programs Crisis Chronology US worries about Indonesia The Fall of Peregrine Bepeka Audit Modernization Project  Peregrine-Fall of an Asian giant Pressure on other Asian economies Analysis of safety of Asian Banks Analysis: Financial crisis Analysis of Looming Deflation Understanding the IMF Meltdown in Asia 1 IMF loans under threat Meltdown in Asia 2 Challenging WB Corruption Report Meltdown in Asia 3 A sputtering market Meltdown in Asia 4 Bargain Hunter's Boom Currency Chaos Hasil Sidang CGI IX Controversial currency plan killed Background of crisis Currency collapse Crippled banks imperil restructuring Currency Boards IMF blunder deepened crisis Currency Board Website Wall Street buys up wealth Dollarizing Indonesia People suffer from IMF medicine Stern: Benefits of Currency Boards Worldbank and corruption Rupiah Rasputin Worldbank admits it goofed Dreams tumble with Rupiah Business & Industry IMF agreement April 98 Statistical Community Links 16 Insolvent Banks closed Macro-economic statistics World Bank: Key events of Crisis Statistical Summaries Why currency board Indonesia and the IMF The IMF and Indonesia IMF-Letter of Intent IMF and Suharto Inc. IMF-Targets Why an IMF bailout for Suharto? IMF and Suharto Crisis: A prospective observation No thanks, IMF Capitalism-Suharto's Stealthy foe IMF loan Special Report on Asia crisis A banking Rescue or Bungle? Rescuing Asia Banks in the balance Bank Dagang Nasional Finance Ministry Analysis: WB vs IMF and Crisis Bank Restructuring Agency Economic financial issues Monetary policy & banking system WorldBank in Indonesia Debt refinancing IMF effectivene