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).
Update COVID-19 in Indonesia: 228,993 confirmed infections, 9,100 deaths (16 September 2020)
18 September 2020 (closed)
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Today's Headlines Tourism
In many supermarkets, shops, and places of worship across Indonesia you can now find antibacterial hand wash bottles near the cashier or entrance that can be used for free by the people.
Health tourism (or medical tourism), which refers to those people who travel abroad in search of medical treatment, has been growing rapidly in recent years. Today, over 50 nations have determined health tourism as a source of growth for their foreign exchange earnings.
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.
Starting from 2019 local authorities on Bali plan to impose a USD $10 levy on every foreign tourist who enters the popular tourist island. Meanwhile, the levy on the entry of a domestic tourist would be IDR 10,000 (approx. USD $0.70).
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.
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.
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.
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.
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).
Latest Columns Tourism
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.
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.
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.
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.
Associated businesses Tourism
- Bayu Buana
- Blue Bird Group
- Bukit Uluwatu Villa
- Citilink Indonesia
- Destinasi Tirta Nusantara
- Express Transindo Utama
- Garuda Indonesia
- Grahamas Citrawisata
- Hotel Mandarine Regency
- Hotel Sahid Jaya International