Articles tagged “indonesia”

$4 Billion Loss From Coronavirus Is Indonesia Tourism’s Worst-Case Scenario

$4 Billion Loss From Coronavirus Is Indonesia Tourism’s Worst-Case Scenario

Gayatri Suroyo, Reuters

It's still unknown how long flights in the Asia-Pacific region will be disrupted by coronavirus, but the longer it goes on, the more tourism industries like Indonesia's will suffer.

3 weeks ago

Blame in Indonesia’s Final Report on Lion Air Crash Doesn’t Exclude Boeing

Blame in Indonesia’s Final Report on Lion Air Crash Doesn’t Exclude Boeing

Margie Mason and Niniek Karmini, Associated Press

While Indonesian aviation authorities have concluded that multiple factors led to the crash of Lion Air flight 610 one year ago, Boeing's automated MCAS system is heavily implicated in the report.

4 months ago

Ridehailing Gojek CEO Resigns to Join Indonesian Cabinet

Ridehailing Gojek CEO Resigns to Join Indonesian Cabinet

Tim Culpan, Bloomberg

In Southeast Asia, Indonesia President Joko Widodo is seen as a “tech star.” The country has birthed several decacorns, including Gojek and Traveloka. The appointment of Gojek’s CEO Nadiem Makarim to the Indonesian cabinet further shows Jokowi's zeal for tech transformation that has created more jobs rather than killed them.

4 months ago

Indonesia’s Komodo Island Will Stay Open But New Fee Could Be as High as $1,000

Indonesia’s Komodo Island Will Stay Open But New Fee Could Be as High as $1,000

Raini Hamdi, Skift

So the good news is Komodo Island won’t be closed. The bad news is a “membership” fee, which could be as high as $1,000, will be introduced. Indonesian authorities never cease to goof up on one of its most important tourism attractions.

5 months ago

Indonesia’s Komodo Island Beset by Confusion, Not Overtourism

Indonesia’s Komodo Island Beset by Confusion, Not Overtourism

Shabrina Koeswologito, Skift

A final, clear decision on whether Komodo Island or Komodo National Park will be closed must be made, and ample time given to businesses should it be a go. What a mess.

6 months ago

Amazon May Invest in Indonesia Superapp Gojek

Amazon May Invest in Indonesia Superapp Gojek

Yoolim Lee and Crystal Tse, Bloomberg

Amazon is upping its presence in Southeast Asia, and currently has no toehold in Indonesia. This potential investment in Gojek could be an entry point there, as well as bolster its food delivery efforts in the region.

6 months ago

Indonesia President Wants to Create ’10 New Balis’ to Grow Tourism

Indonesia President Wants to Create ’10 New Balis’ to Grow Tourism

Niniek Karmini and Karin Laub, Associated Press

Bali is on many a traveler's bucket list, but centering a nation's entire tourism economy around a single destination is rarely a sustainable strategy. That's why Indonesia President Joko Widodo's new tourism plan sounds like a prudent one.

6 months ago

Former CEO of Indonesian Airline Garuda Detained in Corruption Probe

Former CEO of Indonesian Airline Garuda Detained in Corruption Probe

Harry Suhartono and Tassia Sipahutar, Bloomberg

This will leave Satar in a sorry state if proven true, as he did a lot for Garuda when he was CEO and president director from 2005 to 2014.

7 months ago

Lion Air Indonesia Looks Beyond Crash With Possible $1 Billion IPO

Lion Air Indonesia Looks Beyond Crash With Possible $1 Billion IPO

Fathiya Dahrul, Elffie Chew, Joyce Koh and Crystal Tse, Bloomberg

Lion Air is revisiting its IPO plans, even as its crash last October is being kept in the news by the latest Boeing 737 Max crisis. May not be the best timing.

11 months ago

Will Indonesia’s Olympics Bid Ever Have a Tourism Upside?

Will Indonesia’s Olympics Bid Ever Have a Tourism Upside?

Raini Hamdi, Skift

Without doubt, Indonesia is one economy in Southeast Asia that has made much progress. But its 2032 bid for the Olympics still comes as a surprise. While the event may force the country to build much-needed infrastructure, it may also break its bank. With poverty still widespread, that would be a shame and could backfire.

1 year ago

Complaints About High Airfares Led Indonesia to Lower Jet Fuel Prices

Complaints About High Airfares Led Indonesia to Lower Jet Fuel Prices

Eko Listiyorini, Bloomberg

Indonesia President Joko Widodo threatened the state energy company that he would let private companies enter the market if it didn't lower fuel prices to an acceptable level. That threat seemed to have helped.

1 year ago

Indonesia Competes With Asian Neighbors in Airport Expansion Drive

Indonesia Competes With Asian Neighbors in Airport Expansion Drive

Fathiya Dahrul , Bloomberg

For a change, welcomed news for Indonesia, which was hit last year by a series of disasters. The country is slated for a rapid airport expansion. It needs it, as domestic market is huge while the government wants more foreign arrivals in its bid to reduce dependence on oil and gas.

1 year ago