#Leisure
US investors express interest in green tourism projects in Indonesia
Several investors from the United States, including well-known names such as Marriott Group, MasterCard, and other major US companies, have expressed their interest in developing green tourism projects in Indonesia.
Traveloka joins UNWTO as an affiliate member pledges commitment to sustainable tourism
Traveloka, the leading online travel platform, has officially joined the United Nations World Tourism Organization (UNWTO) as an affiliate member, making it the only Southeast Asian travel platform to be affiliated with UNWTO. The announcement was made during the UNWTO Conference in Phnom Penh, Cambodia.
President Joko Widodo working on golden visa policy to attract foreign investors
President Joko (Jokowi) Widodo, is currently finalizing the Golden Visa policy, which will allow foreign citizen to apply for residency and citizenship through investment.
Government to implements stricter visa requirements for foreign investors
The government is set to enhance the screening process over visa requirements for foreign investors. Director General of Immigration at the Law and Human Rights Ministry Silmy Karim announced on Thursday (25/5) that the ministry will be introducing stricter requirements for residence permits applicable to foreign nationals.
Bali to implement a quota system to tackle problematic foreign tourists
Bali Governor Wayan Koster is currently working on implementing a quota system aimed at restricting the influx of foreign tourists to Bali.
Indonesia-China high speed train project costs swell to IDR 131 trillion
Indonesia and China have reached an agreement on the cost overrun for the Jakarta-Bandung High Speed Train (KCJB) project of US$ 1.2 billion, or IDR 18.24 trillion, from the previous estimation of IDR 113 trillion to IDR 131 trillion.
Intiland plots IDR 1 trillion Capex for residential projects in Jakarta, Surabaya
Real estate company PT Intiland Development Tbk (DILD) allocates IDR 1 trillion Capital expenditure (Capex) for the development of residential projects in the country's two major cities of Jakarta and Surabaya.
INPP provides IDR 800 billion Capex for six projects in 2023
PT Indonesian Paradise Property Tbk (INPP) is preparing a capital expenditure (Capex) of IDR 800 billion (US$ 53.44 million) for 2023 to build six new projects in Jakarta and other cities. The company also eyes a 20%-30% growth in revenue this year.
2023 domestic airline forecast looks good
The global aviation industry has seen an increasing trend thanks to the presence of budget airlines and the increasing number of passengers in recent years. The industry, however, was hit hard by the COVID-19 pandemic when governments worldwide imposed lockdowns and limit people's movements. In 2022, the number of passengers in Indonesia has seen a rebound and the forecast for 2023 remains positive. The growth is also supported by the development of 4 airports to anticipate the growing number of passengers.
Halal product industry in Indonesia: A brief background and its challenges
As 86.7% of the country's population is registered Muslim, the halal market trends in Indonesia tends to increase significantly, especially these past 10 years. The country is now known as the world's largest domestic halal economy market. The most potential halal products are food, beverages, Muslim clothing, cosmetics, and halal tourism, according to a professor at the Bogor Agricultural University (IPB)'s School of Argoindustrial Technology Khaswar Syamsu.
Indonesian Paradise Property continues its 7 projects in 2023
PT Indonesian Paradise Property Tbk (INPP) sets its Capital expenditure (Capex) to IDR 1 trillion for the year 2023. Its Capex will be used to continue its 7 ongoing projects, despite a threat of global recession.
Riau Islands offers tourism potential to Turkish investors
Riau Islands administration is offering potential tourism investments to Turkish investors, especially in the eco-tourism sector. The province is known for its high tourism potential, strategic location and beautiful scenery.