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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...

Foreign Tourist Visits to Indonesia Up Slightly in Eight Months

JAKARTA (TheInsiderStories) – Indonesia attracted 10.87 million foreign tourists in January-August period, still far behind the government’ target to bring 20 million foreign tourists...

Morning Briefing: Inflation and Tourism Data Out Today

JAKARTA (TheInsiderStories) - Good Morning! Today, Statistic Indonesia release the inflation and tourism data in September. In August, the inflation 0.12 percent while in July...

Indonesia Budges US$3B for Transportation Sector in 2020

JAKARTA (TheInsiderStories) - Indonesian government budgeted Rp43.11 trillion (US$3.07 billion) for Transportation Ministry in 2020 to develop priority and super-priority tourism destinations that are...

Foreign Tourist Visits to Indonesia Only Grow 2.63%

JAKARTA (TheInsiderStories) - Statistic Indonesia reported, number of foreign tourist visit the country until July only rose 2.63 percent to 9.31 million peoples of this...

Bayu Buana, Srilanka’s Apple Holidays Form JV to Tap Indonesian Market

JAKARTA (TheInsiderStories) - Indonesian travel services, PT Bayu Buana Tbk (IDX: BAYU) has formed a joint venture company (JVC) with inbound travel operators DMC Apple...

Morning Briefing: Indonesia Push the Gov’t Programs, Creates More Friendly Policies

JAKARTA (TheInsiderStories) – Good morning! President Joko Widodod keep pushing the government program to bring more foreign exchange revenues to Indonesia. Yesterday, he announced a planned...

Sustainable Tourism An Opportunity for Economic Growth in Asia

JAKARTA (TheInsiderStories) - Tourism is one of the fastest growing industries in the world, and Asia is one of the hottest destinations, the Asian...

President Widodo Inaugurates Halal Park in Jakarta

JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo inaugurated on Tuesday (04/16) Halal Park at the Bung Karno Sports Stadium in Senayan, Central Jakarta. A bigger...

Morning Briefing: Brexit Deal Unclear

JAKARTA (TheInsiderStories) – Good morning! United Kingdom’ (UK) House of Commons rejected Prime Minister Theresa May' program to exit European Union (EU) in a...

Indonesia Ready to Build MotoGP Sircuit in Mandalika, Invests US$1.5B

JAKARTA (TheInsiderStories) – Indonesian government states its readiness to hold the next 2021 MotoGP event in Mandalika, Lombok, West Nusa Tenggara. The planned is...

Indonesia’s Trans Corp Wins Loan from IFC US$275M

JAKARTA (TheInsiderStories) - Trans Corpora (Trans Corp), unit of conglomeration company CT Corpora (CT Corp) get loans US$275 million from International Finance Corporation (IFC), to support the...

Indonesia’s Tourism Revenues Estimated More than US$17B

JAKARTA (TheInsiderStories) - Minister of Tourism of Indonesia Arief Yahya estimated that State revenues from the tourism sector are estimated to reach US$17.6 billion,...

Indonesia’s AP II Prepares Capex US$758M in 2019

JAKARTA (TheInsiderStories) - Indonesia’s state-owned operator PT Angkasa Pura II (AP II) allocated Rp11 trillion (US$758.62 million) for next year’s capital expenditure (capex), said the senior...

Indonesian Gov’t to Establishs Tourism SEZ in Bangka Belitung Island

JAKARTA (TheInsiderStories) -- Indonesia government aimed to establish tourism Special Economic Zone (SEZ) in Tanjung Gunung and Sungailiat in Bangka regency, Bangka Belitung Islands...

Foreign Tourists Numbers Dropped 10.56% in October

JAKARTA (TheInsiderStories) - Statistic Indonesia reported the number of foreign tourists entering Indonesia decreased by 10.56 percent to 1.35 million compared to the previous month....

Indonesia’s President Inaugurates Two Airports in East Kalimantan

JAKARTA (TheInsiderStories) - Two airports in East Kalimantan has been inaugurated by Indonesia President Joko Widodo today (25/10). The two airports initiated by the regional government...

Indonesia Eyes US$20B Revenues from Tourism in 2019

JAKARTA (TheInsiderStories) - Indonesia’s measure to boost tourism, aims to raise US$20 billion of foreign exchange revenues in 2019, said Tourism Minister Arief Yahya, on Tuesday...

World Bank Provides Loan US$300M for Indonesia’s Tourism Projects

JAKARTA (TheInsiderStories) - World Bank will provide loans US$300 million for Indonesia Tourism Development Projects (ITDP) across the archipelago, said one government official in a...

Indonesia Launches the YachtERS Application to Speed Up the Yacht Licensing...

JAKARTA (TheInsiderStories) - Indonesia's Coordinating Ministry for Maritime Affairs (CMMA) in collaboration with the Ministry of Foreign Affairs and the Ministry of Finance inaugurated...

Indonesia Targets Income from the Tourism Sector US$28B in 2024

JAKARTA (TheInsiderStories) - Overcoming the problem of the current account deficit (CAD) in the trade balance, Coordinating Minister for Maritime Affairs (CMMA) Luhut Binsar...

Warjiyo Believes Government Policy Able to Lowered Indonesia’s CAD

JAKARTA (TheInsiderStoris) - Perry Warjiyo, the governor of Bank Indonesia (BI) believes the governments policy to optimize the use of blended biodiesel (B20) for vehicle, tourism...

Lombok Earthquake Kills 91 People, Injures 209 People

JAKARTA (TheInsiderStories)--A 7.0 magnitude earthquake in Lombok on Sunday Night (5/8) killed 91 people and injured 209 people, Indonesian disaster agency reported on Monday...

IFC Invests US$100M in Surya Semesta to Support Industrial Estate in...

JAKARTA (TheInsiderStories) – International Finance Corporation (IFC), a member of the World Bank Group, and PT Surya Semesta Internusa Tbk (IDX: SSIA) have signed a...

Qatar Invests US$500M in Indonesia’s Tourism Sector

JAKARTA (TheInsiderStories) - Qatar Investment Authority (QIA) signed a Memorandum of Understanding (MoU) with Indonesian government on the US$500 million's investment to increase the Development in...

Indonesian Govt. to Remove Yacht Tax to Boost Reserve Exchange

JAKARTA (TheInsiderStories)--Indonesian government plans to remove import tariff on the yacht in an attempt to boost revenue from the tourism sector that will increase...

Indonesian Govt. Offers 10 Airports to AP I and AP II

JAKARTA (TheInsiderStories) - Government of Indonesia offered ten airports to manage by two state-owned airport operator PT Angkasa Pura I (AP I) and PT...

Terrorist Attacks May Hurt Indonesia’s Tourism Goal

JAKARTA (TheInsiderStories) - A spat of terrorist attacks that rocked the nation since Sunday (13/5) may hurt the Indonesian government to record 17 million...

Changi Airport Service Charge May Redirect Tourists to Indonesia

JAKARTA (TheInsiderStories) - Indonesian government is eager to grab potential redirection of tourists from Singapore following the new regulation of Changi Airport Operator's regulation to...

Indonesian Foreign Tourist Arrivals Surge to 14M in 2017

JAKARTA (TheInsiderStories) - The number of foreign tourist arrivals in Indonesia during 2017 reached 14.04 million people, increased 21.88 per cent compared to 2016...