If Jonathan Swift had written a satire on corruption in Indonesia, he couldn't have imagined a more farcical plot than that involving Gayus Tambunan. In just eight months, the detained civil servant, a mid-level tax official, managed to bribe his way out of prison 68 times, fly to at least three...

TEMPO Interactive, Jakarta:Bank Indonesia Governor Darmin Nasution said the decision made by Moody's to increase Indonesia’s debt rank was an acknowledgment from the international community that Indonesia’s fundamentals were improving.

TEMPO Interactive, Jakarta:The Home Affairs Ministry has found that 329 regional regulations were problematic throughout 2010. The ministry later asked the regional governments to revise or annul the relevant regulations.

Sasol Ltd., the largest producer of motor fuels from coal, abandoned a plan to build a $10 billion coal-to-fuels plant in Indonesia to focus on opportunities in the gas-to-fuels industry.The South African company wants to accelerate talks with the Indonesian government about other gas-to-liquids...

The property sector in Greater Jakarta is expected to show positive growth this year, although lower than it managed last year, on the back of positive macroeconomic conditions and the global economic recovery.

Domestic and foreign investment in Indonesia is forecast to increase to Rp 230 trillion ($25.5 billion) this year, higher than the Rp 200 trillion of realzed investment last year, an Investment Coordinating Board (BKPM) executive said.