Bracing For a Downturn: Indonesia’s Tourism Sector
It is hard not to miss the impact caused by the novel coronavirus (COVID-19) that originated in Wuhan, China. Though Indonesia, as of Feb 19, has not announced its first official case within the country, the surging prices of masks speaks volumes of mounting fear.
Global Economic Impact of the Coronavirus: A Contained Scenario
Percentage Point deviation in year-on-year growth from Q1 2020 The Chinese economy now accounts for about 17% of global GDP and it’s the largest trading partner for most if its neighbors. While policy makers and CEOs say that it is too soon to assess the…
Bracing For a Downturn: Indonesia’s Tourism Sector Hard Hit by COVID-19
It is hard not to miss the impact caused by the novel coronavirus (recently dubbed COVID-19) that originated in Wuhan, China. Though Indonesia, as of Feb 17, has not announced its first official case within the country, the surging prices of masks speaks volumes of…
Top 10 Predicted China Outbound Tourism Destinations in 2019
The demand of China outbound tourism grows continuously, and it is expected that the number of outbound trips will reach 178.4 million with the total tourism expenditure of about CNY 1.2727 trillion by 2022.
Analysts ‘expect GDP to dip below 5%’ as viral outbreak derails global economy
The country’s tourist sector has taken a hit amid the novel coronavirus outbreak in China that has spread to other countries, as more trip and hotel booking cancellations have been reported following travel bans on tourists to and from China. The Indonesian economy is projected to slow further this…
Air Carriers Reflect on Flight Ban Amidst Coronavirus Crisis
Indonesian air carriers are reviewing the effects of the temporary travel ban to China imposed by the government, which was initially implemented to prevent the spread of novel coronavirus from China’s province of Wuhan. Indonesian air carriers are reviewing the effects of the temporary travel ban…
The Digital Economy of Indonesia; What Makes Indonesia a Superb Playground for Companies & Investors in Online Business Activities?
Internet has opened the doors to an enormous amount of information and data that are readily available by only a click or two (thereby completely changing the way people access and consume information). Moreover, Internet users do not need to be consumers of what is…
Indonesia’s productivity lower than ASEAN countries, Japanese company survey says
Indonesia’s productivity in the manufacturing industry is lower than that of its peers in Southeast Asia, a survey conducted by the Japan External Trade Organization (JETRO) has found. Indonesia’s productivity in the manufacturing industry is lower than that of its peers in Southeast Asia, a…
Australia’s Monash to Open Indonesia’s First Foreign University Campus
Monash University has won approval to set up the first foreign university campus in Indonesia, the Australian institution said on Monday, as Southeast Asia’s biggest economy moves to free up areas of restricted investment. Monash University has won approval to set up the first foreign…
Moving Beyond Bali
The 10 New Bali project complements President Joko Widodo’s vision and strategy for Indonesia, to see an increase in investments, infrastructure development, human capital, state budget and political stability. This can be done so by tapping into the Tourism Industry and with the right government…