Investment Coordinating Board (BKPM) chief Thomas Lembong has called for foreign direct investment in new tourist destinations that are currently being developed by the government. He said that investment in the sector would be profitable. Thomas said that investors who … Continue reading →
The Investment Coordinating Board, or BPKM, is set to highlight Indonesian tourism at the 2017 Regional Investment Forum, or RIF, in Padang, West Sumatra, on Oct. 15-17. Themed “Showcasing Investment Opportunities in the Indonesian Tourism Industry,” the forum will feature … Continue reading →
President Joko “Jokowi” Widodo has said the government plans to build 10 international yachts and cruise ship ports within the next two years in a bid to bring in 20 million foreign tourists in 2019. Today, Indonesia, the world’s biggest archipelago with … Continue reading →
The Finance Ministry has said that the government is preparing a regulation on the gross-split scheme, which will encourage oil and gas companies involved in exploration and exploitation to invest in the sector through the provision of tax incentives, according to a kontan.com report … Continue reading →
The World Bank dropped its growth outlook for Indonesia’s GDP this year while maintaining its predictions for next year due to an unexpectedly dormant private consumption rate that accounts for over half of Indonesia’s GDP, according to the bank’s latest … Continue reading →