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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...

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...