Jakarta (ANTARA News) - The next ten years is the time for Indonesia to become an emerging economy as  President Susilo Bambang Yudhoyono told based on a much higher income per capita and economic value.

The government plans to resubmit draft bills for the establishment of a couple of financial safeguards to the House of Representatives before the end of October, as it seeks to set up a stronger legal framework to take any necessary moves amid prospects of recession in developed countries. 

Jakarta (ANTARA News) - Chief economic minister Hatta Rajasa said capital spending in 2012 would be more expansive in connection with the implementation of infrastructure projects for the implementation of the MP3EI program.

Jakarta (ANTARA News) - Bank Indonesia (BI) believes the downgrading of the US debt rating will not have a significant effect on Indonesia`s economy in the short run but it would be different in the medium and long terms. 

Profits at some of the largest companies in Indonesia rose in the second quarter, boosting the case that the economy grew during that period.

Asian stock markets opened higher Monday amid investor optimism that U.S. lawmakers will reach a last-minute deal to raise the government's debt limit and avoid a default.

Sydney. The first shipment of Australian cattle to Indonesia following the lifting of a cruelty-linked ban will arrive in the second week of August, major exporter Elders said on Friday.

The Indonesian unit of Australian steelmaker BlueScope Steel has completed the construction of its $135 million metallic coating and painted steel plant, more than doubling its existing production capacity. 

Once an oil exporter, Indonesia this year is expected to import about 500,000 barrels of crude per day as its production continues to decline below the target as set in the 2011 state budget at 970,000 barrel per day (bpd).