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Indonesia Prepares US$667M to Build Five Super Priority Destinations

JAKARTA (TheInsiderStories) - Indonesian government allocates Rp9.4 trillion (US$666.67 million) for five super priority destinations, which is expected to bring foreign exchange to the country, said the...

Thohir Separates Garuda Indonesia’s Unit Under Tourism Holding

JAKARTA (TheInsiderStories) - State own enterprises (SOEs) minister, Erick Thohir, separated subsidiaries of flight carriers, PT Garuda Indonesia Tbk (IDX: GIAA), as consequence of...

Holding Tourism: Garuda Indonesia to Merges with Seven SOEs

JAKARTA (TheInsiderStories) - The Indonesian government plans to merge PT Garuda Indonesia Tbk (IDX: GIAA) with other tourism state-owned enterprises (SOEs) to set up a holding...

Indonesia Prepares Grant US$224M for Tourism Sectors

JAKARTA (TheInsiderStories) - Indonesian government is preparing a grant for the tourism sector amounting to Rp3.3 trillion (US$224.49 million) to protect the tourism industry, which has...

Indonesia’s Foreign Tourists Number Still Weak, Dropped 89.22% in August

JAKARTA (TheInsiderStories) - The number of foreign tourist visits to Indonesia has decreased significantly by 89.22 percent in August 2020, the statistic bureau reported today. Total...

Morning Briefing: Indonesia Closes for Tourists Until End of 2020

JAKARTA (TheInsiderStories) - Good Morning! Indonesia will remain closed for foreign tourists throughout 2020 after the positive cases number growing faster around the globe. One of...

Indonesian Govt Plans Give Stimulus for the Airliners

JAKARTA  (TheInsiderStories) - The Indonesian government plans to provide a stimulus for air transportation during the pandemic, said the official last week. The country...

Indonesia Set Up Travel Arrangement with China and UAE

JAKARTA (TheInsiderStories) - After explore the travel bubble with Singapore, now Indonesia aimed to set up a travel link with China and Uni Arab Emirates (UAE)...

Number of Foreign Tourists Visiting Indonesia Dropped 89% in June

JAKARTA (TheInsiderStories) - The number of foreign tourists visiting Indonesia in June 2020 decreased by 88.82 percent compared to 160.280 peoples compared to previous...

Morning Briefing: US Economy Drops to Lowest Level in History

JAKARTA (TheInsiderStories) - Good Morning! United States (US) economy contraction 32.9 percent to 9.5 percent in the second quarter of 2020 compared to previous quarter,...

Traveloka Raises Funding US$250M from Qatar Investment Authority

JAKARTA (TheInsiderStories) - Travel booking service platform, Traveloka, has reportedly received an investment fund of US $ 250 million or equivalent to Rp3.62 trillion...

Traveloka Raih Pendanaan AS$250 Juta dari Qatar Investment Authority

JAKARTA (TheInsiderStories) - Layanan pemesanan perjalanan, Traveloka, dikabarkan telah menerima dana investasi senilai AS$250 juta atau setara Rp3,62 triliun dari Qatar Investment Authority (QIA),...

ITDC Collaborates with PTPP, State Banks to Accelerate Mandalika Circuit Project

JAKARTA (TheInsiderStories) - Indonesia Tourism Development Corporation (ITDC), developer of the Nusa Dua tourism area in Bali and the Mandalika Special Economic Zone in...

Number of Foreign Tourists to Indonesia Drops 86.90% in May

JAKARTA (TheInsiderStories) - Number of arrivals dropped sharply by 86.90 percent to 163,650 peoples in May compared to 2019, said Statistic Indonesia on Wednesday...

Indonesia will Open for China, South Korea, Japan, Australia Tourists

JAKARTA (TheInsiderStories) - Indonesia considered to open the country for travelers from China, South Korea, Japan and Australia to recover the economy, said government official on...

Foreign Tourist Visits to Indonesia Plunged by 87.44% in April

JAKARTA (TheInsiderStories) - The number of foreign tourist arrivals to Indonesia dropped by 87.44 percent in April 2020 compared to the number of visits in April...

Foreign Tourists Arrival Drops Sharply by 64% in March

JAKARTA (TheInsiderStories) -  The number of foreign tourist arrivals decreased by 64.11 percent in March of this year compared to the same period in 2019,...

Indonesia Cuts Tourist Arrivals Target More Than Half

JAKARTA (TheInsiderStories) - Minister of tourism and creative economy, Wishnutama Kusubandio revised down the foreign tourists arrival in Indonesia from 16 million to five million visitors...

Indonesia’s Tourism Sectors Losses US$1.5B Due to COVID-19

JAKARTA (TheInsiderStories) - Indonesia' tourism sector has suffered losses of at least US$1.5 billion since January amid growing fears of the pandemic, said the association....

Morning Briefing: Trump Sees COVID-19 Outbreak Will End in August

JAKARTA (TheInsiderStories) - Good Morning! Strong selling into the close left Wall Street with another day of historic losses since crash in 1929. United States (US)...

Indonesia Eyes Forex Revenues from Tourism US$928M

JAKARTA (TheInsiderStories) - Tourism and creative economy ministry targets to attract foreign exchange (forex) revenues Rp13 trillion (US$928.57 million) from foreign tourists in 2020, said...

Indonesia Gives Stimulus to the Tourism, Aviation Sector

JAKARTA (TheInsiderStories) - Indonesian government has established an incentive scheme for the tourism and aviation sector to overcome the impact of the coronavirus, said...

Indonesia Drives Spending to Curb the Domestic Economy

JAKARTA (TheInsiderStories) - Indonesian President asked his staff to accelerates the disbursement of government spending to boost the domestic economy at the limited meeting...

Economic Growth to Slow Across Asia Pacific

JAKARTA (TheInsiderStories) - The coronavirus outbreak adds to other pressures on growth in Asia Pacific, with the impact felt primarily through trade and tourism, and...

Indonesia Considers to Give Stimulus for Tourism Sectors

JAKARTA (TheInsiderStories) - Indonesian government considered to give an incentives to the tourism sector to curb coronavirus effect, said the head of state at the...

Coronavirus Economic Shockwave Hits the APAC Aviation Industry

JAKARTA (TheInsiderStories) - The Asia Pacific commercial aviation industry is being hit by a massive economic shockwave from the escalating novel coronavirus crisis sweeping across the...

30 Investors Interested in Kualanamu Airport Project

JAKARTA (TheInsiderStories) - 30 global and domestic investors have expressed their interest to Kualanamu International Airport project in Medan, North Sumatra, said CEO PT...

Fitch: Coronavirus’ Severity Will Frame Effect on Corps, Sovereigns

JAKARTA (TheInsiderStories) - The scale of the current Wuhan coronavirus outbreak would have to increase substantially to have a significant impact on credit ratings, says Fitch...

Morning Briefing: Leaders Gathered in Davos, Trump become the Major Attention

JAKARTA (TheInsiderStories) - Good Morning! United States (US) President Donald Trump is due to deliver a speech at the World Economic Forum in Davos, Switzerland, on...

Morning Briefing: Indonesia’s Inflation, Tourism Data Out Today

JAKARTA (TheInsiderStories) - Good Morning! Statistic Indonesia will release the inflation data during October this noon. Last month, the agency reported the annual consumer price index...