Indonesia is fast becoming a preferential place for glossy Asian fashion and lifestyle brands seeking to showcase their merchandise.
Bentleys and McLarens could become a more common sight alongside three-wheeled pedicabs and Japanese cars on Jakarta's roads, with European auto giants making a push into the Indonesian market.
Moves by Indonesia's President Susilo Bambang Yudhoyono to put his finance minister in charge of the central bank is leading to concerns that he may be seeking someone more malleable to run the state coffers in the run up to next year's elections.
Indonesia said Tuesday that growth in Southeast Asia's biggest economy slowed in 2012 from the previous year owing to global headwinds, but was supported by strong domestic consumption and investment.
Temasek Holdings is poised to spend US$300 million on a key stake in a major hypermart operator in Indonesia. The move will give the Singapore investment firm a stake in the country's fast-growing consumer segment.
Indonesian inflation hit a four-year high on a monthly basis in January as food prices soared following severe flooding across the country, an official said on Friday.
Indonesia may hold the key to a US$1 trillion injection into the global economy. That's how much the World Trade Organization believes is riding on talks later this year in Bali, when trade ministers hope to cut through some of the red tape that slows global commerce.
Indonesia's remarkable economic growth has failed to translate into the eradication of poverty and the closing of the gap between the haves and the have nots, President Susilo Bambang Yudhoyono said yesterday.
The Indonesian Trade Ministry will pass a new rule on restaurant franchising that aims to encourage more local businesses to become involved in the fast-growing restaurant business through third-party ownership.
Months behind schedule, the construction crew racing to finish a highway encircling Indonesia's traffic-choked capital is being blocked by a determined group of locals and the ramshackle cemetery that is home to their ancestors.