Below is a list with tagged columns and company profiles.

Today's Headlines Tourism

  • Indonesia and the New Normal; What Are the Changes in Society and in Business Sectors?

    Indonesia and the New Normal; What Are the Changes in Society and in Business Sectors?

    Something interesting that we had pointed out in last month’s edition of our report is that the Indonesian government has started to loosen the self-imposed social and business restrictions despite the fact that new novel coronavirus (COVID-19) cases are still growing exponentially across the country (with Jakarta, West Java, East Java, Central Java, and South Sulawesi being the epicenters).

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  • Indonesia Investments' Research Report Released: February 2019 Edition

    Indonesia Investments' Research Report Released: February 2019 Edition

    On Tuesday (05/03) Indonesia Investments released the February 2019 edition of its monthly research report. The report aims to inform the reader of the key political, economic and social developments that occurred in Indonesia in the month of February 2019 and also touches upon key international developments that impacted on the Indonesian economy.

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  • Indonesia Studying to Scrap Luxury Goods Tax on Foreign Cruise Ships & Yachts

    Indonesia Studying to Scrap Luxury Goods Tax on Foreign Cruise Ships & Yachts

    Indonesia's Finance Minister Sri Mulyani Indrawati said her ministry is currently studying the proposal to scrap the luxury goods tax (PPnBM) for the arrival of foreign cruise ships or luxury yachts into Indonesian waters. Based on Finance Ministry Regulation No. 35/PMK.010/2017, the tariff on cruise ships or luxury yachts can be as high as 75 percent as they are categorized as luxury goods.

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  • Local Festivals Form Great Strategy to Boost Local Economies

    Local Festivals Form Great Strategy to Boost Local Economies

    Events that are organized in the regions of Indonesia should be able to boost the local economies as a big number of domestic and foreign people come to visit the events. These visitors need a place to stay, eat & drink, and are usually interested in buying some local souvenirs. Hence, their money is injected in the local economy.

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  • Impact of Asian Games & IMF-World Bank Meeting on the Indonesian Economy

    Impact of Asian Games & IMF-World Bank Meeting on the Indonesian Economy

    Two international events are estimated to have a significant impact on the Indonesian economy in 2018. Firstly, the 2018 Asian Games, to be held from 18 August to 2 September 2018 in - and around - the Indonesian cities of Jakarta and Palembang. Secondly, the 2018 annual meetings of the International Monetary Fund (IMF) and World Bank Group, to be held in Nusa Dua, Bali, on 12-14 October 2018. Both events will trigger foreign exchange earnings and give rise to a boost in economic activity.

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  • Tourism in Indonesia: Rising Foreign Visitor Arrivals in February 2018

    Tourism in Indonesia: Rising Foreign Visitor Arrivals in February 2018

    Foreign visitor arrivals in Indonesia showed good growth in February 2018. Based on the latest data of Statistics Indonesia (BPS), a total of 1.2 million foreigners entered Indonesia for a short visit in the second month of 2018. This constitutes a 9.1 percent increase compared to the preceding month and a 17.4 percent increase compared to February one year ago.

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  • Foreign Visitor Arrivals in Indonesia Still Curtailed in January 2018

    Last week Indonesia's Statistics Agency (BPS) announced that a total of 1,039,639 foreigners entered Indonesia in January 2018, down 6.19 percent year-on-year (y/y) from foreign visitor arrivals in the same month one year earlier. Indonesian Tourism Minister Arief Yahya said the main reason for this weak performance is the aftermath of the Mount Agung eruption, a volcano that is located on Bali (the most popular tourist destination in Indonesia).

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Latest Columns Tourism

  • Tourism in Indonesia: Terrorism, Infrastructure and Asean Common Visa

    Tourism in Indonesia: Terrorism, Infrastructure and Asean Common Visa

    Tourism in Indonesia has posted impressive growth rates in recent years. This development is due to the fact that Indonesia has plenty of beautiful sites and cultural traditions to offer to foreign (and domestic) tourists, improved airline accessibility to Indonesia, and enhanced focus on promotional campaigns in foreign countries. Lastly, and not unimportantly, there have been no violent terrorist attacks in recent years. In the 2000s, a vicious terrorist attack always resulted in a temporary drop in foreign tourist arrivals.

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  • Effect of Banking Collapse; Southeast Asia Grows as Retirement Destination

    Effect of Banking Collapse; Southeast Asia Grows as Retirement Destination

    The western banking collapse of 2008 did more than cost investors large sums of money, it exposed markets to a renewed sense of vulnerability in that is typically thought of as the world’s most stable financial institutions. But one of the unintended (or unforeseen) results of these events has been the upsurge in alternative retirement destinations for those that are ending their working careers. Perhaps most surprising is the upsurge in the number of retirees moving to the Asia-Pacific region.

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  • Rising Tourism and Business; Foreign Investors Keen on Hotels in Indonesia

    With having more than 10,000 islands, Indonesia offers an unique natural scenery. The country contains all sorts of attractive options for tourism, including seas, beaches, mountains and much more. Not surprisingly, tourist arrivals in Indonesia continue to grow. Based on data from Statistics Indonesia (BPS), released in early November 2013, the number of foreign tourist arrivals between January and September 2013 reached 6.41 million, an increase of 8.8 percent from the same period last year.

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  • Tourism in Indonesia: One of Indonesia's Untapped Potentials? (Part I)

    Tourism in Indonesia Untapped Potential - Richard van der Schaar

    Whenever the topic of tourism in Indonesia is touched upon, most people will instantly think of Bali. This small but famous island harbors all sorts of entertainment that will appeal to various segments of international tourism: beautiful landscapes, Balinese Hinduism, lively nightclubs, beaches and more. But apart from Bali - and despite the fact that Indonesia has much to offer on other islands - the country has disappointed in attracting a large amount of foreign tourists so far.

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