Indonesia on Wednesday announced better than expected figures for 2009 growth in gross domestic product, making it one of the fastest growing economies in the G20 group of nations. Indonesia posted 4.5 per cent annual GDP growth for 2009, down from 6.1 per cent in 2008. Fourth-quarter growth was 5.

Jakarta (ANTARA News) - The Turkish government through its trade representative office in Indonesia, TITA (Turkish Indonesian Trade Association), offered trade cooperation with Indonesia. Indonesia is a country with a strong influence in Southeast Asia while Turkey is a gateway to Europe, TITA...

The government has asked Indonesian businesses to use persuasive measures to curb the possible influx of cheap Chinese products into the country. Edy Putra Irawady, Deputy Coordinating Economic Minister on industry and trade, said in Jakarta on Wednesday that using persuasive measures might be more...

JAKARTA (Reuters) - Indonesia's forestry minister on Wednesday said he had revoked the land use permits for 23 mining and other firms operating in forested areas and may crack down further, indicating a tougher stance on environmental protection.

The development of at least 16 oil and gas blocks owned by state oil and gas firm Pertamina has been delayed due to the company’s failure to obtain recommendation from the environmental office, a senior official said.

Denpasar (ANTARA News) - More than 2.38 million foreign tourists visited Bali last year, up 14.48 percent from a year earlier, the local statistics office said. "In December 2009 alone, the number of foreign tourists visiting the resort island was 222,546, a 26.

Jakarta (ANTARA News) - Finance Minister Sri Mulyani Indrawati has predicted Indonesia`s exports and imports as the engine of its economic growth will recover earlier than expected. "From the external point of view it seems our exports and imports would recover earlier than expected," she said...

Jakarta (ANTARA News) - Japan appears to be interested in investing in the fishery sector in Morotai regency, North Maluku province, a spokesman said. "Its abundant fishery resources makes Morotai to have a high potential for Japanese investment," general chairman of the Indonesian Industrial...

The controversial transmigration program to relocate the poor from overpopulated regions to less-developed parts of the archipelago has been given an Rp 10.37 trillion ($1.11 billion) infusion, thanks to private businesses seeking a work force in remote areas.

The government said on Wednesday it was planning to triple its budget for capital expenditure on state-owned seaports and airports this year to prepare for an expected increase in the flow of goods resulting from free-trade deals with China and India. It said it would spend Rp 10.3 trillion ($1.

Billionaire investor and philanthropist George Soros praised Indonesia’s economy for successfully weathering the global financial crisis and said the country is now on the global investment radar screen.