Invest Islands https://invest-islands.com property investment service Fri, 16 Aug 2019 05:45:30 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.10 https://invest-islands.com/wp-content/uploads/2018/11/cropped-globe-invest-new-gold-32x32.png Invest Islands https://invest-islands.com 32 32 Lombok the New Bali: How Indonesia will make it happen https://invest-islands.com/lombok-the-new-bali-indonesia/ https://invest-islands.com/lombok-the-new-bali-indonesia/#respond Thu, 15 Aug 2019 10:21:39 +0000 https://invest-islands.com/?p=11341 This is the third out of three blog posts explaining why and how Lombok is becoming the new Bali. Today we will talk about Lombok’s future. If you didn’t read the other blogs of this series, you can read all about Lombok’s natural wonders and cultural highlights. So as we said in the two previous […]

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This is the third out of three blog posts explaining why and how Lombok is becoming the new Bali. Today we will talk about Lombok’s future.

If you didn’t read the other blogs of this series, you can read all about Lombok’s natural wonders and cultural highlights.

So as we said in the two previous blogs of the series, Lombok has incredible nature and culture. Volcanoes, waterfalls, coral gardens, pristine beaches, plantations, festivals, temples and an atmosphere similar to Bali 20 years ago. Lombok has nothing to be jealous of. All these factors increased Lombok’s popularity amongst travellers. But it seems that everyone put efforts to give to Lombok the success it deserves. We saw why Lombok could become the new Bali, today we’ll see how it will happen.

lombok the new bali

Read more about Kuta Mandalika

10 priority tourism zones

President Joko Widodo’s government issued a list of 10 destinations to become “new Balis”. The goal is not to compete with Bali’s popularity but to boost tourism in other parts of Indonesia as well. This list includes big destinations like Wakatobi, Labuan Bajo and Mount Bromo. Three of these destinations are considered as “priorities” for development and are Lake Toba, Borobudur temple and Mandalika area in Lombok.

10 new Bali project | Invest Islands

 

This will lead with infrastructures development, easier transport and less strict investment regulations. The destination aims to become an eco-tourism example in Indonesia using environmentally friendly technologies. The Mandalika area will also be promoted both locally and internationally to support tourism development in the South region of Lombok.

Read more about the 10 new Bali project

New AirAsia hub in Lombok

In May 2019, AirAsia officiated its newest hub on Lombok. It is the fifth one after Jakarta, Medan, Surabaya and Bali. This will facilitate transport to the island, with direct international connections with Perth in Australia and Kuala Lumpur in Malaysia. Domestic destinations such as Jakarta, Bali, and Jogjakarta will also connect with Lombok.

“We are very pleased to inaugurate our newest hub here in Lombok, a destination with rich tourism charms, and one that holds a special place in many people’s hearts. Today’s announcement will not only enhance international and domestic connectivity, but also create local job opportunities, stimulate tourism growth, and contribute to Lombok’s vitally important visitor economy”, said AirAsia Indonesia’s CEO Dendy Kurniawan.

Read more about the AirAsia hub in Lombok

Moto Grand Prix in 2021

It has been officially confirmed by President Jokowi and Indonesia Tourism Development Corporation (ITDC) that Lombok will host the MotoGP in 2021. This is a world-class motor racing event and a huge amount of visitors are expected to attend. Last MotoGP held in Indonesia was over two decades ago in Java, but this time it will take place in the Mandalika tourism resort on the southern coast of Lombok.

MotoGP Lombok 2021 | Invest Islands map

 

The plans include a 4.32km, 19-corner racing circuit on roads that will later be used by the general public. Infrastructure will be built to welcome a large number of expected visitors, like a terminal for ferries and high-speed boats.

With over 100 million motorcycles and 85% of the population owning a motorbike, Indonesia has the biggest fanbase for MotoGP. This event is undoubtedly one of the biggest events in Lombok’s history.

Read more about the Circuit Mandalika for the MotoGP Lombok 2021 

The infatuation from cruises companies

Lombok is already a popular destination for cruises through the Indonesian archipelago, often combined with Komodo National Park and Raja Ampat.

Lombok is slowly attracting more and more of these liners, mostly from Australia. This year, Lombok is scheduled to welcome 26 cruise ships. Each floating hotel carries around 1,500 to 2,000 passengers, so the effects of this increase can be very big for Lombok’s economy. The administration is really putting effort to push this type of tourism by organising tours and softening the regulations for the passengers. The smallest sailing boats and yachts will also benefit from the new regulations, as it’s all part of the endeavour of making Lombok a new Bali.

 

Conclusion

All these factors will lead Lombok to step up on Indonesia’s main destinations scene. The country has big plans for the island, and Lombok really deserves it. From incredible nature both on land and underwater to rich culture and traditional events, Lombok is definitely an underrated gem.

Some may get concerns about Lombok becoming as touristy as Bali when clearly its laid-back atmosphere is one of its assets. Yet Lalu Muhammad Faozal, head of West Nusa Tenggara tourism agency declared that all developments will respect Lombok’s real essence, a family-friendly destination. Tourism in Lombok is definitely going to face a major growth over the next years, yet Lombok will still have authentic destinations for the adventure travellers.

Our series of three blogs about Lombok is now over, we tried to give you all the keys to understand Lombok’s current situation and future. You can read about how to get to Lombok here.
Now that you know everything about Lombok, it is up to you to either visit the island now or later, depending on what you are after.

 

 

 


Article source: https://bluewater-express.com/news/lombok-general/lombok-the-new-bali-future/

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The MotoGP Lombok 2021: The story behind the Mandalika circuit in Indonesia https://invest-islands.com/motogp-lombok-2021-mandalika-circuit-in-indonesia/ https://invest-islands.com/motogp-lombok-2021-mandalika-circuit-in-indonesia/#respond Sun, 11 Aug 2019 08:05:52 +0000 https://invest-islands.com/?p=11090 “What a unique project this will be, having an urban, world class circuit in a country where MotoGP has such a huge following. Indonesia is a key market for us with a considerable percentage of motorsport fans living here and the MotoGP atmosphere will be even stronger once the circuit is complete.” Carmelo Ezpeleta, Dorna […]

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“What a unique project this will be, having an urban, world class circuit in a country where MotoGP has such a huge following. Indonesia is a key market for us with a considerable percentage of motorsport fans living here and the MotoGP atmosphere will be even stronger once the circuit is complete.”

Carmelo Ezpeleta, Dorna MotoGP CEO 

MotoGP Lombok 2021
MotoGP Lombok 2021 | The mandalika circuit in Indonesia

 

Lombok is a tourist’s haven located in the West Nusa Island province of Indonesia. It is a focal point of many investors, not in any small part due to its unique flora and fauna. With destinations like Lombok enjoying an influx of investments and economic growth, so too is Indonesia as a whole. Investments coming from local government sources and foreign investments are changing the landscape of the once sleepy islands to what the government now refers to as the “10 New Bali’s”.

Lombok: A Hidden Gem

Lombok is emerging as one of the top investment destinations in Asia. Blessed with beautiful beaches, and clear blue waters perfect for surfing and diving, it is located near the famous islands of  Bali and Komodo.

MotoGP Lombok 2021
Pengantap bay, Lombok Island | © Invest Islands

 

Find out more about the real estate in Lombok

 

With regular sunny days and temperatures not exceeding 33C and not dropping below 21C, tourists are flocking to Lombok as an alternative to Bali for its less crowded beaches, to dive in clear aquamarine oceans or surf its world-famous waves in this glorious untouched tropical paradise.

A Major Economic Hub

MotoGP Lombok
Map of lombok Island | Invest Islands

 

A US$3billion resort called the Mandalika Project is currently being developed in south Lombok in an area totalling approximately 1175 hectares and around 16km of pristine coastline. With the support of the government-backed Indonesian Tourism Development Corporation (ITDC), the project is one of the largest of its kind in Southeast Asia and is aimed at making Lombok a world-class tourism destination.

 

Why Kuta Mandalika?

 

President Joko “Jokowi” Widodo inaugurated the Mandalika Special Economic Zone (SEZ) in October 2017 with the specific aim of promoting tourism. Mandalika is 40 kilometres away from the provincial capital, Mataram, and is located near Kuta beach on its western side. The Special Economic Zone is expected to be different from the mainstream tourist destinations like Nusa Dua in Bali, which is famous for business meetings and exhibitions.

MotoGP Lombok 2021
Light cable train in Kuta Mandalika | © Invest Islands

 

The project aims at developing various facilities, roads and infrastructure including over 10,000 luxury hotel rooms and an international motor racing street circuit.

Host to A Mega Motorcycle Racing Event

Indonesia is set to host a world-class motorbike racing championship event once again – the MotoGP. It has been more than two decades since an event of this kind was held in Indonesia, however, the dream of the MotoGP is alive again after a deal was agreed with Dorna Sport’s MotoGP at the end of 2018. A track is now being developed on the island of Lombok in West Nusa Tenggara with construction beginning in October 2019 – a project managed by French construction company Vinci.

MotoGP: A Premier Motorsport Competition

 

Watch the full MotoGP Lombok 2021 Trailer

MotoGP Lombok
MotoGP Lombok – Mandalika circuit trailer | Invest Islands

 

MotoGP is a premier road racing championship tournament. It has its roots in Europe where it came into being after FIM (Federation Internationale de Motorcyclisme) imposed regulations for motorcycle racing for the first time in 1949.

The commercial rights now belong to Dorna Sports, with FIM acting as the governing body. There are four entities which make the Grand Prix commission comprising of International Road Racing Teams Association (IRTA) – who represent the teams; Motorcycle Sport Manufacturers Association (MSMA) – who represent the manufacturers; FIM and Dorna.

 

MotoGP Lombok 2021
MotoGP Lombok 2021 – Mandalika Circuit MASTERPLAN | © MotoGP.com

 

Racing events are categorized based on engine sizes and there are currently four racing classes in the championship which are Moto Grand Prix, Moto2 and Moto3 – utilizing four-stroke engines – and MotoE, which was introduced in 2019 and uses electric motors.

In the past, the classes facilitated motorcycles ranging from 50cc to 500cc. However, new regulations now permit the use of engines up to 1000cc.

The Grand Prix Championship is held annually with races being hosted in different, often exotic locations. Indonesia last hosted this mega event over two decades ago in 1996 and 1997.

1996-1997 Malboro Indonesian Grand Prix

MotoGP Lombok 2021
Sentul International Circuit located in Sentul City, Babakan Madang, Bogor, Indonesia.

 

The 1996 and 1997 Indonesian Motorcycle Grand Prix events were held at Sentul International Circuit located in Sentul City, Babakan Madang, Bogor, Indonesia. There were three racing classes of different engine capacities comprising of 125cc, 250cc and 500cc.

The circuit’s pit facilities are easily accessible from Jagorawi Toll Road. The current circuit is the shortened version of the original design, by approximately 40%. The circuit runs counter-clockwise and is mainly used for motorcycle racing.

 

MotoGP Lombok 2021
The history of the MotoGP in Indonesia | © Invest Islands

 

Sentul, which is capable of hosting up to 50,000 spectators, has a smooth track which allows for a high-speed adrenaline-filled race. It has a 900-meter straight path allowing speeds to reach up to 300 kilometres per hour.

1996 Indonesian Grand Prix winners:

500cc Winner: Micheal Doohan

250cc Winner: Tetsuya Harada

125cc Winner: Masaki Tokudome

In 1997, MotoGP legend Valentino Rossi was among the winners. Honda dominated too, with winners in both the 250cc and 500cc categories:

500cc Winner: Tadayuki Okada

250cc Winner: Max Biggi

125cc Winner: Valentino Rossi

Sentul International Circuit also hosts other events like Motorcross, Autocross and Go-Karting. It also houses 2000 hotel rooms, restaurants, a recreational centre, and an international golf course.

Unfortunately, this event did not happen again in the years since, and the true financial potential of Sentul International Circuit was never fully recognized.

Why MotoGP Championship Left Indonesia for Two Decades

According to Lola Moenek, General Manager of Sentul International, MotoGP championship left Indonesia due to the worsening of Rupiah exchange rate against the US dollar during the 1996-1997 period. The Rupiah continued to depreciate with the rate rocketing from IDR2,383 to US$1 in 1996 to IDR11, 591 to US$1 in 1998.

This financial hurdle overwhelmed Sentul’s managers, who decided they could not continue to host the race. However, the CEO of Dorna, Carmelo Ezpeleta, and the director of Sentul, Tinton Soeprapto had previously signed a contract making Indonesia a venue for the MotoGP championship for five years.

“At that time, the dollar exchange rate was getting higher. When we held MotoGP in 1996-1997, the exchange rate was around IDR. 2,700. The MotoGP contract at that time between Carmelo Ezpeleta and Tinton Soeprapto for five years was abandoned. Why? Because the dollar strengthened. We were not brave at the time.” Lola was reported saying at 2015 Indonesian Touring Car Awards in Jakarta.

Return of MotoGP After Two Decades

The government have high hopes for the much-delayed return of MotoGP to Indonesia after 24 years. It is considered a massive boost for the country’s international profile and highlights how the economy has strengthened.

The Indonesian Tourism Development Corporation (ITDC) signed an agreement with Dorna Sports, MotoGP organizers, for a slot in the 2021 MotoGP season. The deal outlines the hosting of the race and development of the circuit. The competition will be hosted within a designated special economic zone for tourism, Mandalika.

Besides the MotoGP, Mandalika is also speculated to host a round of the World Superbike Championship (WSBK) and a Motocross World Championship event.

Indonesia was recently hosting to major sporting events in the past two years – the Asian Games and Asian Para Games. It has also placed a formal bid to host the 2032 Summer Olympics. Cabinet Secretary Pramono Agung said: “What the government is doing with MotoGP and the Olympics is a vision toward becoming a great nation, a winning nation,” adding that the MotoGP would give exposure to the Mandalika resort in south Lombok.

Construction of the Mandalika Circuit

ITDC has awarded the contract to develop and construct Mandalika’s street circuit complex to a French construction company called Vinci Construction Grand Projects. Vinci is also the leading investor of the project with an investment of US $900 million or equivalent of IDR15.3 trillion. In addition, Asia Infrastructure Investment Bank (AIIB) is also among the investors of the project with an investment of US $248 million.

MotoGP lombok 2021 | MotogGP Rendering
MotoGP lombok 2021 Mandalika Circuit | MotogGP Vinci & ITDC Rendering

 

MotoGP Lombok 2021
MotoGP Lombok 2021 rendering Mandalika Circuit | © ITDC

 

A US$1 billion deal was signed with Vinci on August 8 of 2018. The deal ensures the next 15 years of development.

Vinci is expected to build several supporting facilities ranging from hotels and shopping malls to a hospital and apartments to ensure Lombok is capable of handling a large influx of tourists. The street circuit venue will house 150,000 spectators for the MotoGP championship. The supporting facilities will be built on 131 hectares of land within the designated 1175-ha Mandalika resort.

According to ITDC construction and operation director Ngurah Wirawan, the construction of Mandalika’s racing circuit will begin in October of 2019. The first phase will see the development of the foundations, underground infrastructure, and the surrounding roads. After that, Vinci will focus on the installation of racing track and technology utilized in MotoGP races.

ITDC aims at finishing the first phase by mid-2020 and Vinci is expected to fully install the technology and racing track by the end of 2020.

Many of the ministries within Indonesia stand behind the MotoGP revival plan. Youth and Sports ministry secretary Gatot S. Dewa Broto showed his support in favour of the project, however, he hinted that his ministry was not associated with dealings regarding hosting and development of circuit with Dorna Sports. Indonesian Motor Association (IMI) also stands behind the decision to set the Mandalika circuit as the venue for the MotoGP championship.

The Mandalika street circuit is one-of-a-kind. It will be open for public use when there are no racing events taking place. Moreover, the MotoGP Lombok 2021 race set to be held in this venue will be the first street race in MotoGP history.

Features Of The Circuit:

MotoGP Lombok 2021
MotoGP Lombok 2021 | © Mandalika Circuit specifications | Invest Islands 

 

The track will be 4.32 kilometres long, with 18 turns and one main straight path. The circuit will include a paddock area with 40 garages, and provide the facility for 100,000+ spectators. VIP suites to be available for more than 7,500 people. According to ITDC president Abdulbar M.Monsoer, the Mandalika circuit is going to be unique in providing a breathtaking view of the Indian ocean, lagoons, solar-powered villages, golf course, and areas comprising of urban and commercial buildings. All this is expected to be completed by 2021.

Benefits of Hosting MotoGP Lombok 2021 Championship

Many government officials believe this mega event will bring much-awaited exposure to Lombok. According to Indonesia Minister of Tourism Arief Yahya, who is also a staunch supporter of hosting MotoGP in Indonesia, the event would attract at least 100,000 foreign tourists which as a result is expected to generate direct profits of IDR1 trillion.

The indirect benefits are expected to generate over IDR2 trillion with the five day MotoGP event being broadcast to two hundred countries over 60 television channels.

The MotoGP championship is a very popular sporting event among locals. It is hoped the event will inspire local racers, and many Indonesian racers are also expected to debut in the race.

 

MotoGP Lombok mandalika circuit
MotoGP Lombok 2021 | Mandalika Circuit Infographic Invest Islands

 

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Assessing Jokowi’s First Term – ‘Jokowinomics’: Has It Worked? – Analysis https://invest-islands.com/jokowis-jokowinomics-has-it-worked-analysis/ https://invest-islands.com/jokowis-jokowinomics-has-it-worked-analysis/#respond Fri, 09 Aug 2019 07:10:43 +0000 https://invest-islands.com/?p=11071 Joko Widodo, Indonesia’s seventh president, unveiled his first term in 2014 with an ambitious infrastructure development plan for both land and sea. Five years on, how should one assess the results of his administration’s economic policy?   In April 2019, Indonesian President Joko “Jokowi” Widodo cruised to a comfortable re-election victory against his challenger, Prabowo […]

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Joko Widodo, Indonesia’s seventh president, unveiled his first term in 2014 with an ambitious infrastructure development plan for both land and sea. Five years on, how should one assess the results of his administration’s economic policy?

 

In April 2019, Indonesian President Joko “Jokowi” Widodo cruised to a comfortable re-election victory against his challenger, Prabowo Subianto. Despite a contentious campaign featuring the use of divisive identity politics and attempts to paint Jokowi as an agent of foreign capital, the president’s broadly popular policies in his first term (2014-2019) helped to secure the win.

Jokowi’s first term was defined by a state-led development drive narrowly focused on building up the country’s lagging infrastructure, a policy often referred to as Jokowinomics. At the start of his term, he eliminated billions of dollars in public subsidies for the oil and gas industry and redirected those funds toward major infrastructure projects such as toll roads, housing developments and airports.

Jokowinomics

What are Jokowi’s priority for 2019?

Jokowinomics: Has It Worked?

Jokowinomics took the form of direct government outlays as well as capital injections into a number of state-owned companies focused on infrastructure such as airport operators Angkasa Pura I and II. The plan also called for significantly ramping up disbursements to the Dana Desa or Village Fund, a programme where local village heads receive grants to invest in priority projects.

Other incentives include the Kartu Indonesia Sehat or Indonesian Health Card scheme, a flagship of the nationwide health insurance plan that subsidises medical expenses for all employees.

Despite increased opportunities for graft and waste, these expansionary fiscal measures have had a stimulating effect on the economy, helping buoy the growth of fixed capital amid weakened exports and lower commodity prices. During Jokowi’s first five years in office, GDP growth had been stable at 5%, which is strong by global standards but considered disappointing for Indonesia in some quarters, especially as the government had initially promised 7%.

Yet when Jokowi took office, GDP growth had been declining for several years, and it was likely that his expansionary policies arrested that decline and stabilised it at 5%.

Infrastructural Achievements

The concrete impact of Jokowinomics has been striking. Jakarta inaugurated its first MRT earlier this year which was brought to completion after roughly three decades of delays. The over-capacity of Soekarno Hatta International Airport has also received much-needed upgrades, with the addition of a new terminal, an express train linking the airport to the city centre and a Skytrain connection between terminals.

Beyond Jakarta, the Trans Java Toll Road, long-stalled due to battles over land acquisition, is now complete. Huge tracts of new toll roads are operational or under construction in Sumatra, Kalimantan and elsewhere. The Trans-Kalimantan Highway Southern Route which was inaugurated in 2017, for example, extends connectivity to the Malaysian state of Sarawak.

In fact, from 2015 to 2018, Jokowi’s government completed 718 kilometres of new toll roads. By comparison, in ten years under his predecessor Susilo Bambang Yudhoyono, only 229 kilometres were constructed.

In the energy sector, 7 mega-power projects of 1,000 MW or greater, with a total value of US$17 billion, have reached financial close and are under construction in Java and Sumatra. A new international airport valued at around $800 million and with a capacity of 15 million passengers has opened in Yogyakarta, and the country’s first high-speed rail link connecting Jakarta and Bandung is also under construction.

These and other big-ticket projects will ultimately lower transaction costs and boost Indonesia’s competitiveness while injecting billions of dollars into the economy.

Jokowinomics

Monetary Policy

Monetary policy has likewise been shrewdly managed in Jokowi’s first term. His appointment of technocratic experts with solid policy credentials to important posts proved key as volatility in global capital markets placed pressure on the rupiah. Two notable ones were former executive director of the World Bank and IMF Sri Mulyani as Minister of Finance and another former IMF executive director Perry Warjiyo as Governor of Bank Indonesia.

Indonesia runs one of the world’s larger current account deficits. This is not, as is often presumed, the result of a trade imbalance. It is instead a result of large inflows of Foreign Direct Investments (FDIs) and investment in Indonesian stocks and bonds.

As the Global Financial Crisis depressed bond yields in developed economies, investors began channelling money into emerging markets where yields were higher. Indonesia has thus been a recipient of large investment inflows that have underwritten much of Jokowi’s infrastructure spending.

Jokowinomics

Debt Trap?

The question many, including Jokowi’s challenger, Prabowo Subianto, have raised is whether these investment inflows and the debt they represent are sustainable in the long-run. After all, excessive debt cratered the Indonesian economy in the 1960s and 1990s.

But there are important differences in Indonesia’s recent debt strategy. The government is legally prohibited from borrowing more than 3% of GDP to finance a deficit in any given year. Total external debt in 2018 was a little over $350 billion, or roughly 35% of GDP.

This may seem large, but is actually a moderate external debt load for an emerging market and unlikely to pose a serious systemic threat in the short-term, particularly while Bank Indonesia has ample foreign reserves.

While this may insulate the government from insolvency, it also constrains its ability to finance infrastructure development on the scale Jokowi wants, which requires tens of billions of dollars. To get around this, Jokowi has used state-owned companies as the principal agents of infrastructure development. They can issue bonds and take on debt that does not count against the 3% cap, and this vastly expands the government’s financial options.

Jokowinomics

Debt Hysteria Overblown?

This, of course, raises questions about the soundness of the balance sheets, and certain state-owned enterprises (SOEs), such as the government-owned electricity utility PLN, have questionable financial models. Nonetheless, other SOEs in the toll road, airport, construction and banking sectors, among others, are raising capital far more sustainably and with sounder financial models.

For instance, the vast majority of recent SOE bonds issued both internationally and domestically have also been denominated in rupiah rather than foreign currency. This insulates them from slides in the currency and shifts the risk of depreciation onto the bondholder.

Similarly, much of the recent bank debt is being sourced from domestic banks and is denominated in rupiah. This suggests that the debt hysteria may have been overblown. Moreover, debt is being channelled into productive purposes such as building infrastructure that will boost output.

Monetary policy has prevented capital flight and kept investment inflows healthy despite volatility in global capital markets and a steady depreciation in the rupiah. Despite attempts to leverage identity politics and invoke divisive rhetoric, these broadly popular and relatively effective economic policies helped Jokowi win a second term in office.

It remains to be seen, if having strengthened his position, Jokowi will rectify the deficits on the political side of the equation. Some Indonesia watchers have identified these to include the growing marginalisation of the political opposition and the shrinking space for democratic choice. Economics aside, Jokowi’s real battles arguably lie mainly in politics rather than economic policies.

 

 


Article source: https://www.eurasiareview.com/09082019-assessing-jokowis-first-term-jokowinomics-has-it-worked-analysis/

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Why Indonesian beach paradise Mandalika in Lombok is dubbed the ‘new Bali’ https://invest-islands.com/indonesian-beach-paradise-mandalika-in-lombok/ https://invest-islands.com/indonesian-beach-paradise-mandalika-in-lombok/#respond Wed, 07 Aug 2019 05:01:14 +0000 https://invest-islands.com/?p=11065 Take a 30-minute drive southward from Lombok International Airport and you’d find yourself in a beach paradise called Mandalika. Cruise through the long stretch of beautiful white sandy beach along the south coast of Lombok Island and stumble upon the breathtaking view of an endless horizon.   Unlike the over-commercialised Bali, Mandalika is a 1,250-hectare […]

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Take a 30-minute drive southward from Lombok International Airport and you’d find yourself in a beach paradise called Mandalika. Cruise through the long stretch of beautiful white sandy beach along the south coast of Lombok Island and stumble upon the breathtaking view of an endless horizon.

Indonesian beach paradise Mandalika
Pengantap Bay | Invest Islands

 

Unlike the over-commercialised Bali, Mandalika is a 1,250-hectare sanctuary with luxurious resorts, golf courses, spas and an abundance of nature. Once a surfers’ best-kept secret, Mandalika — also dubbed the ‘new Bali’ — is an emerging destination thanks to the Indonesian government’s massive investments in tourism development. 

 

What is the 10 new Bali project? and how it will reshape the tourism in Southeast Asia

 

However, it is not just all about its geographical attractions — Mandalika is also known for its vibrant bars and nightclubs, exhilarating racing circuits and a myriad of water activities. There will also be a Moto GP scheduled in the island by 2021. 

 

What to do

Mandalika is home to some of Indonesia’s most beautiful white-sand beaches including Tanjung Aan, Serenting, Gerupuk and Seger Beach — each offering something different for visitors to enjoy and experience.

The main beach is Mandalika’s Kuta Beach that spans over 7km and it is where all the major activities take place — swimming, wake boarding and all sorts of fun water sports. If you’re one who prefers a peaceful and serene setting, head down to Serenting Beach.

Indonesian beach paradise Mandalika
Indonesian beach paradise Mandalika

 

Gerupuk Beach on the other hand is perfect for fishing, swimming and surfing — especially loved for its challenging waves. You can also hike the hills to check out Mandalika from a different vantage point. Head over to Merese Hill for a much more challenging yet rewarding trail especially during sunrise (the sunset crowd may be a little too much for most people). Start your expedition at about 4.00am and the morning light will leave you holding your breath as you gaze into the azure Indian Ocean.

But if you have time for only one beach, we’d recommend going to Seger Beach for the best of both worlds — marvel the gorgeous natural phenomenon and immerse in the one of a kind cultural experience. The vibrant Bau Nyale Festival is held annually on the last week of February, when people flock to catch the appearance of Nyale sea worms in the first light of day. It is said that a successful catch promises good fortune, but the festival is not just about scooping some sea worms out of the water. The weeklong festivity also includes surfing competitions, creative dialogues, a culinary expo and a photography contest.

While you’re at Seger Beach, look for Princess Mandalika — a local legend in Lombok that is perpetualised in a form of a statue along the beach.

 

All you need to know about the Mandalika Project

 

What to eat

When in Mandalika, it is mandatory to try the food of the Sasak tribe — the indigenous people that make up 85 percent of the total population in the island. Fiery sambal and skewered grilled beef cubes (satay rembiga) are as easily accessible as mie bakso and babi guling in Bali. But try something more local like bebalung (beef or mutton soup) as well as the sayur nangka (jackfruit curry similar to the ones found in Malay cooking).

One thing’s for sure, there’s no shortage of food stalls and restaurants in the heart of Kuta Beach. Kemangi Restaurant offers a menu that combines Western and Asian flavours using locally-grown and imported ingredients. Try also Kemangi’s cocktails that are concocted using local herbs and tropical fruits.

 

If healthy and fresh is the name of the game, head over to Kenza for a change of scenery. The relaxing interiors is paired with soothing pastels and textures of wood and bamboo. Order anything from superfood smoothies to acai bowls that are perfect for your IG feed. Other cafes with a similar concept include Café Fin and Terra — both offering vegan and plant-based options as well.

For something more upscale, head over to Markisa Restaurant for perfectly charred octopus and tasty pasta dishes. It is Mandalika’s best rooftop restaurant. Otherwise, dine at Hungry Bird and sample its Lombok Curry (house-made yellow curry with tempeh or chicken, vegetables and coconut milk) as well as its Ayam Taliwang (marinated grilled chicken in a blend of traditional Lombok spices).

Where to stay

The are plenty of hotels and resorts to choose from in Mandalika. The Novotel Lombok is one of the more luxurious options, and is strategically located right where the busiest part of the city is. The resort is accented with traditional Sasak-style rooms and private pool villas. Enjoy the lush tropical gardens as you stroll down the beach-fronting resort overlooking the turquoise bay.

 

Indonesian beach paradise Mandalika
Kuta Mandalika – South Lombok Island | Invest Islands

 

Slight north from Kuta Beach is Origin Lombok, a gorgeous boutique-style resort that features an all-white architecture amidst the lush tropics. We’d say check in here on the last night of your stay to simply experience the art of doing nothing — soak in the sun, lie by the pool and sip a cocktail (or two) all day long.

If you’re travelling in a large group, book a luxury stay at Villa Sorgas that’s located between Tanjung Aan and Gerupuk Beach. The hillside villa has an infinity pool that doubles as the perfect spot to witness both sunset and sunrise — promising you an unforgettable stay that’s truly sublime.

Getting there

Take a direct flight to Lombok International Airport and it’s a mere 30-minute drive to Mandalika’s Kuta Beach. You can also take a ferry from Bali, from Padang Bai Harbour to Lembar Harbour in Lombok. From there, you can hop on a bus or taxi that will take you two to three hours to Mandalika.

 

 


Article source: https://www.lifestyleasia.com/hk/travel/destinations/mandalika-indonesia-guide/

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Indonesian government optimistic about investment growth in 2019-2024 period https://invest-islands.com/indonesian-government-investment-growth-in-2019-2024/ https://invest-islands.com/indonesian-government-investment-growth-in-2019-2024/#respond Mon, 05 Aug 2019 05:47:18 +0000 https://invest-islands.com/?p=11002 One of Jokowi’s priority programmes during his second term as president is to drive foreign investment and in turn, generate more employment opportunities for Indonesians. In a bid to achieve the target, the government is providing incentives and taking steps to remove regulations in the investment process for both foreign and domestic markets. The five […]

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One of Jokowi’s priority programmes during his second term as president is to drive foreign investment and in turn, generate more employment opportunities for Indonesians.

In a bid to achieve the target, the government is providing incentives and taking steps to remove regulations in the investment process for both foreign and domestic markets.

The five major foreign investors are Singapore, with investments worth US$3.4 billion; Japan (US$2.4 billion); China (US$2.3 billion); Hong Kong (US$1.3 billion); and Malaysia (US$1 billion).

 

Jokowi outlined his priority programs also encompassing infrastructure development at an event called “Indonesian Vision” held at the Sentul International Convention Center, Bogor, West Java, on July 14, 2019, following his victory in the 2019 presidential elections.

 

Read more on Jokowi’s vision for 2019

Over the past week, in a bid to pursue the investment target, the president had held meetings with potential investors, including the Abu Dhabi Crown Prince, Sheikh Mohamed Bin Zayed Al Nahyan, who had echoed his country’s commitment to boosting investment in Indonesia.

During a visit to Indonesia on July 24, 2019, three investment pacts worth $9 billion were inked in the presence of the Crown Prince and the Indonesian president at the Bogor Presidential Palace.

On the subsequent day, Jokowi held discussions, prioritizing efforts to intensify investment in Indonesia, with leaders from the Hyundai Motor Group.

“We spoke about the investment plan from Hyundai Motors in Indonesia,” Industry Minister Airlangga Hartarto remarked after accompanying President Jokowi to welcome Hyundai Motors delegates at the State Palace in Jakarta.

Hyundai Motors plans to produce vehicles in Indonesia and has outlined an export target of 40 percent abroad and in the domestic market. Discussion on the investment value is yet underway.

Furthermore, Jokowi had received Softbank CEO Masayoshi and Grab CEO Anthony Tan at the Merdeka Palace in Jakarta on July 29.

Following the meeting with Jokowi, Masayoshi remarked that Softbank will once again invest US$2 billion in Indonesia. The bank had earlier invested US$2 billion in Indonesia. The investment will be carried out through Grab and another company supplying environment-friendly electric cars.

The government has set a target of investment, or Gross Fixed Capital Formation (PMTB), to grow by 6.88 to 8.11 percent during the 2020-2024 period.

indonesian government

In a bid to achieve the target, the government has provided incentives in the form of deregulation of investment procedures for foreign and domestic private investment, Minister of National Development Planning/Head of the National Development Planning Agency (Bappenas) Bambang Brodjonegoro stated during the Indonesia Infrastructure Investment Forum (IIIF) 2019 held in London on July 2.

The government has synchronized regulation on licensing and made all-out efforts to increase its Easy-of-Doing Business (EoDB) ranking, from 73 in 2019 to 40 in 2024.

The government, including state firms, has also stepped up investment, especially for infrastructure development. The shares in infrastructure development reached 50 percent of the gross domestic product (GDP), while capital expenditure is expected to reach 2.3-2.8 percent in 2024.

Indonesia will require US$429.7 billion of investment in infrastructure, or 6.1 percent of its GDP, during the 2020-2024 period, a 20 percent rise as compared to US$359.2 billion of investment in the sector during the 2015-2019 term.

Of the total investment, the government and state-run firms will contribute 11.6-13.8 percent and 7.6-7.9 percent respectively, while the remaining will be sourced from public and private investment.

indonesian government
indonesian government national strategic projects

“The government has encouraged the role of the private sector in infrastructure development under the Public Private Partnership (PPP) scheme and Non-Government Budget Investment Financing (PINA),” he remarked.

The government will also need to explore the financial market, especially the non-banking sector; increase access to financial services or financial inclusion; and optimize funding alternative.

Moreover, to promote investment opportunities existing in Indonesia, the second Indonesia Investment Day (IID) was organized in Singapore on July 27, in which the attendees comprised some 500 Singapore businessmen.

Featuring Vice Foreign Minister A.M. Fachir as the key speaker, the gathering included a comprehensive panel discussion and a parallel session offering investment project packages in the industry 4.0, tourism (10 New Bali), and infrastructure, including housing, toll roads, water management, and a mass rapid transit system.

The number of investment projects and packages offered during the IID totaled 45, with a potential value of over US$3 billion.

Singapore has been the largest investor in Indonesia over the past five years, with its investment in Indonesia valued at US$43.2 billion during the period between 2013 and 2018.

The National Investment Coordinating Board (BKPM) has set the target of realized investment at Rp792.3 trillion for 2019.

The BKPM announced on July 30 that the realization of investment in the first semester of 2019 had reached Rp395.6 trillion, constituting 49.9 percent of the target.

The investment comprised domestic investment worth Rp182.8 trillion, and foreign investment valued at Rp212.8 trillion. The investment created a total of 490,715 jobs.

indonesian government
Indonesia’s national projects | Invest Islands

The top five sectors where one could see investments are transportation, warehousing, and telecommunication; electricity, gas, and water; construction; food industry; and housing, industrial zone as well as office space.

The five major foreign investors are Singapore, with investments worth US$3.4 billion; Japan (US$2.4 billion); China (US$2.3 billion); Hong Kong (US$1.3 billion); and Malaysia (US$1 billion).

BKPM Chief Thomas Lembong expressed optimism that the investment trend had improved following Indonesia’s smooth and peaceful elections in April this year.

Indonesia’s improved rating given by several rating institutions has contributed to the hike in investment realization, he pointed out.

Furthermore, reconciliation among rival politicians during the post-election period has also been viewed as a supporting factor in the recovery of the investment trend in this country, he remarked.

“Indeed, challenges and threats exist, such as the trade war and a global economic slowdown. However, in Indonesia, especially, I am optimistic that the current trend is positive, and the future prospect is also very positive,” he affirmed.

indonesian government

Meanwhile, to help achieve the target, the National Industry and Economic Committee (KEIN) has recommended the government to prioritize the development of four sectors that can become leading contributors to boost the investment climate within the next five years.

KEIN Deputy Chairman Arif Budimanta has noted that agriculture, maritime, tourism, and creative economy were the four sectors.

Budimanta explained that the development of investment in the four sectors will offer added value to the country’s natural resources and create job opportunities.

 

 


Article source: https://en.antaranews.com/news/130254/government-remains-upbeat-about-investment-growth-in-2019-2024-period

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Indonesian FDI in 2019 gain momentum after Joko Widodo re-election https://invest-islands.com/indonesian-fdi-in-2019-momentum-jokowi/ https://invest-islands.com/indonesian-fdi-in-2019-momentum-jokowi/#respond Fri, 02 Aug 2019 04:18:08 +0000 https://invest-islands.com/?p=10934 Foreign direct investment rebounded in the second quarter, reflecting renewed confidence among investors in the Indonesian economy following peaceful presidential and legislative elections. Foreign investment increased 9.6 percent year-on-year to Rp 104.9 trillion ($7.48 billion) between April and June, according to data the Investment Coordinating Board (BKPM) made available on Tuesday. Investment declined 8 percent […]

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Foreign direct investment rebounded in the second quarter, reflecting renewed confidence among investors in the Indonesian economy following peaceful presidential and legislative elections.

Foreign investment increased 9.6 percent year-on-year to Rp 104.9 trillion ($7.48 billion) between April and June, according to data the Investment Coordinating Board (BKPM) made available on Tuesday. Investment declined 8 percent in the first quarter.

Thomas Lembong, head of the BKPM, expressed optimism that the recovery trend would continue following the April 17 elections, despite a protest against the outcome resulting in violent clashes in Jakarta.

Indonesian FDI in 2019
Indonesian FDI in 2019 Q4

 

President Joko “Jokowi” Widodo has vowed to be more aggressive in his reforms in his second term, with a renewed focus on making the investment process as frictionless as possible.

 

Read more on Joko Widodo’s priorities for 2019

 

Indonesia has been relying on foreign investment and loans to plug its current-account deficit. Foreign investment in projects such as manufacturing plants or unicorn startups is seen as more preferable than in financial assets, as it is less likely to flee the country in an economic downturn.

Foreign direct investment in the first six months exceeded $15 billion. The top five countries of origin were Singapore ($3.4 billion), Japan ($2.4 billion), China ($2.3 billion), Hong Kong ($1.3 billion) and Malaysia ($1 billion).

Domestic investment also rose to Rp 95.6 trillion in the second quarter, or Rp 182.8 trillion for the first half.

Farah Ratnadewi Indriani, acting deputy of the BKPM’s investment implementation control division, said the board has met half of its investment target for this year.

“There are still challenges, like the trade war and a global economic slowdown. But for Indonesia, I am very optimistic that the current trend will continue; future prospects are very positive,” Farah said.

 

Indonesian FDI in 2019
Indonesian FDI in 2019 | GDP 2019

 


Article source: https://jakartaglobe.id/context/foreign-investment-picking-up-since-jokowis-reelection

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Indonesia | The Asian investment opportunity not to be missed https://invest-islands.com/indonesia-2045-project-asian-investment-opportunity/ https://invest-islands.com/indonesia-2045-project-asian-investment-opportunity/#respond Wed, 31 Jul 2019 06:14:24 +0000 https://invest-islands.com/?p=10911 The Indonesian economy is on a tear. Unburdened by debt and graced with growing spending power, the country’s large, young, increasingly-connected population is driving new trends, bolstering economic growth and creating unprecedented investments opportunities across the archipelago. With President Joko Widodo on a mission to make those opportunities more accessible, foreign investors have a golden […]

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The Indonesian economy is on a tear. Unburdened by debt and graced with growing spending power, the country’s large, young, increasingly-connected population is driving new trends, bolstering economic growth and creating unprecedented investments opportunities across the archipelago. With President Joko Widodo on a mission to make those opportunities more accessible, foreign investors have a golden opportunity to get in on Indonesia’s unstoppable rise.

President Joko Widodo – affectionately known as Jokowi – secured his re-election with 55.5% of the popular vote in 2019, giving him a chance to make good on his promise to pursue tougher reforms and liberate the country from the middle-income trap. Among standing challenges, he aims to tackle the country’s high current-account deficit, shutdown redundant government agencies and get rid of rules that hinder new investment. All of this bodes well for foreign investors.

There’s a lot for investors to be excited about. One of Asia’s fastest-growing economies, Indonesia has averaged around 5% annual GDP growth since the turn of the millennium. At the going rate, Indonesia’s economy – currently the 16th largest in the world – will be the 4th largest by 2050. By some estimates that could happen as soon as 2030, while government projections tip this to coincide with the country’s 100th year of independence in 2045.

Indonesia S&P rating 2019 new upgrade

A confluence of government initiatives around manufacturing and infrastructure investment, a pick-up in the digital and creative economies, and increasingly powerful consumers underlie this growth trend and projections for continued momentum. Therein lie several opportunities for investors at home and abroad to take part in the country’s incredible journey.

Read more on Indonesia’s 2045 project 

A Burgeoning Digital Economy Full of Potential

With an internet user base of nearly 150 million in 2018 – the largest in Southeast Asia – Indonesia’s Digital Economy is currently valued at $27 billion and forecast to reach $100 billion by 2025. Indonesia also leads the region in e-Commerce, which stood at $12 billion in 2018 and accounted for more than half of all consumer spending.

Amid the drive for fast, convenient, easy-to-use digital solutions, Indonesia has emerged as a hotbed for innovation and a primary destination for investment. In the three-year period through 2018, Indonesia’s internet economy attracted over $6 billion worth of funding. If Indonesia embraces digitization – through start-ups and elsewhere – it can realize an estimated $150 billion in GDP growth by 2025

Indonesia’s digital economy has already given rise to four unicorns – private start-ups valued at over $1 billion: Go-Jek, Traveloka, Tokopedia and BukaLapak. The Indonesian E-Commerce Association expects Go-Jek and Traveloka will soon become decacorns or private start-ups valued at $10 billion. These companies promise to bring greater economic growth and international attention to Indonesia in today’s increasingly digitized global economy. And the government wants more. Amid its drive to highlight the country’s digital start-ups, it’s targeting 20 new unicorns by 2025.

Infrastructure Programs for a Sustainable Future

Infrastructure was at the heart of Jokowi’s presidency in the first term and remains central to forward-looking plans following his re-election. As several government officials have said, greater connectivity is crucial in order for Indonesia to have higher economic growth.

Widodo's second presidential term
Indonesia’s 2045 project

 

During his first term, Jokowi’s $350 billion infrastructure drive facilitated the construction of 947 kilometers of toll roads, 3,432 kilometers of highway, 39 kilometers of bridges, 10 new airports, 19 ports and 17 dams. He also put plans in place to ensure that Jakarta has 223 kilometers of MRT tracks and 116 kilometers of light rapid transit tracks.

Looking ahead, Jokowi put plans in place to spend an unprecedented $412 billion on building projects from 2020 to 2024. Sixty percent of that will go to transportation-related infrastructure, with the rest divided between energy, irrigation, information and communications technology, and sanitation. Among his most recent plans, Jokowi announced plans to invest $70 billion in the construction of 5,400 kilometers worth of toll roads across the country – triple the distance of what currently exists.

In addition to generating business for Indonesian companies through various building projects, better infrastructure would also complement the government’s efforts to attract more tourists – helping to narrow the current-account deficit – and facilitate the flow out domestic tourism. Airline passengers in Indonesia have increased by over 60% in the past five years driven largely by domestic travel as increasing prosperity drives increased travel demand.

Initiatives Designed to Foster Sustainable Growth

Sustainable economic development is central to the Vision Indonesia 2045 – the government’s long-term plan to tackle structural reforms, unravel excessive bureaucracy, boost the country’s competitiveness and enhance the social and financial wellbeing of its citizens.

Indonesia's infrastructure project

Meanwhile, as new and emerging technologies revolutionize the way that companies design and manufactured goods, the government rolled out the Making Indonesia 4.0 roadmap in 2018 to take full advantage of these innovations. This is part of its plan to turn the country into a manufacturing powerhouse in the region. At the going rate, the government expects the automotive, chemicals and electronics industries to push manufacturing’s contribution to the economy from 20% to 25% by 2025.

Coupled with an increased focus on the development of human capital and political reform – all central to Vision Indonesia 2045 – the question is not if Indonesia will realize its economic potential but when. For investors, the question has changed from ‘Why Indonesia?’ to ‘Why not Indonesia?’

 

 


Article source: https://sponsored.bloomberg.com/news/sponsors/bkpm/bkpm-oss/?adv=18494&prx_t=kfoEAjNQ3AVUANA&utm_source=keywee&utm_campaign=bkpm_oss_article-3&kwp_0=1314246&fbclid=IwAR1pdQUvdxpG2wM4iCkhfDMnZarBHdabjtNwboor8aFX8wZc83K-cu4HKeM

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Indonesia and UAE to collaborate in tourism sector development https://invest-islands.com/indonesia-and-uae-collaborate-in-tourism-sector-development/ https://invest-islands.com/indonesia-and-uae-collaborate-in-tourism-sector-development/#respond Fri, 26 Jul 2019 04:10:44 +0000 https://invest-islands.com/?p=10873 Indonesia and the United Arab Emirates (UAE) reached a common consensus on cooperation to develop the tourism sector that will proffer benefits to both governments, Tourism Minister Arief Yahya stated. “This is good news. It is strategic cooperation to develop Indonesian tourism. The cooperation was initiated by the UAE, which is a testament to the […]

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Indonesia and the United Arab Emirates (UAE) reached a common consensus on cooperation to develop the tourism sector that will proffer benefits to both governments, Tourism Minister Arief Yahya stated.

“This is good news. It is strategic cooperation to develop Indonesian tourism. The cooperation was initiated by the UAE, which is a testament to the fact that Indonesian tourism is a promising sector,” Yahya noted in a statement here on Thursday.

The memorandum of understanding (MoU) on the cooperation was inked by Indonesian Tourism Minister Arief Yahya and UAE Economic Minister Sultan Al Mansoori and witnessed by President Jokowi and Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al Nahyan at the Bogor Palace during the latter’s visit to the country on Wednesday.

Yahya affirmed that the agreement is expected to boost tourism development in Indonesia, specifically in marketing, development of destinations, human resources, research, and cooperation with the private sector.

Related news: Indonesia, UAE agree to intensify cooperation in 12 sectors

Tourism has become Indonesia’s leading sector with the swiftest growth in investment.

Indonesia has developed 10 priority tourism destinations, with growth potential, specifically Lake Toba, Tanjung Kelayang, Tanjung Lesung, Seribu Island and the Old City, Borobudur, Bromo-Tengger-Semeru, Mandalika, Labuan Bajo, Wakatobi, and Morotai.

Indonesia and UAE

Read more on the 10 new Bali Project

 

In addition, it had readied five destinations — Tanjung Gunung Bangka, Sungai Liat Bangka, Sukabumi, Pangandaran, and Likupang in North Minahasa — to be developed further.

“In 2019, we have targeted to realize investment to the tune of Rp500 trillion. Thus, it will have a better impact on Indonesia’s economy,” the minister stated.

Find out more on what is the Mandalika project and why it matters

He reiterated that Sheikh Mohammed’s visit to Indonesia is also expected to boost the number of Middle-East tourists visiting Indonesia.

President Jokowi and Prince Mohamed, who was on a day-long state visit to Indonesia, engaged in a one-on-one discussion.

Nine MoUs and three MoUs between businessperson were inked during the visit.

 

 


Article source: https://en.antaranews.com/news/129682/indonesia-uae-concur-on-cooperation-for-tourism-sector-development

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Survey says Indonesia’s best resorts in Sumba and Bali https://invest-islands.com/survey-indonesias-best-resorts-in-sumba-and-bali/ https://invest-islands.com/survey-indonesias-best-resorts-in-sumba-and-bali/#respond Wed, 24 Jul 2019 06:39:25 +0000 https://invest-islands.com/?p=10787 Travel magazines around the world have been asking readers to cast their votes for the world’s best hotels, resorts, destinations and activities and the results are in for 2019. World Travel Market (WTM) London is a leading global event for the travel industry, and has good reasons to sing the praises of travel awards. They cite […]

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Travel magazines around the world have been asking readers to cast their votes for the world’s best hotels, resorts, destinations and activities and the results are in for 2019.

World Travel Market (WTM) London is a leading global event for the travel industry, and has good reasons to sing the praises of travel awards. They cite a better reputation, greater exposure, more recognition, industry approval, a competitive edge, benchmarking, motivation, reward, return on investment and bragging rights as valid reasons why recognized awards work in the travel industry.

 

Read more on Forbes list on the best hotels and resort on Lombok Island

 

Two of the travel industry’s leading and most respected publications are Conde Nast Traveller and Travel + Leisure, and when their results are released, travellers and industry insiders tend to take notice.

Based in New York, Travel + Leisure (T+L) have just released the results of their readers’ survey for Indonesia’s Best Resorts in 2019according to a recent report in Detik and once again, Bali, takes top honours, grabbing four out of the top five.

 

indonesia's best resorts in sumba

 

T+L say properties are rated according to facilities, location, service, food, and overall value. And “four of the five top properties that readers selected for this year’s list of best resorts in Indonesia can be found here (in Bali), the island’s famous temples, beaches, and extensive tourist amenities all within reach.”

The Four Seasons Resort at Sayan, Ubud was awarded last year’s #1 Hotel in the World by T+L but this year could only manage a third place in Indonesia’s best. This would suggest this year’s top places were awarded to some truly spectacular properties. And they were!

 

Who are the Billionaires and Millionaires behind the best resort in Indonesia

 

Number two in Indonesia’s Best Resorts for 2019 went to the Nihi Sumba, on the island of Sumba about 450-kilometres and an hour’s flying time east of Bali. Nihi Sumba won T+L’s World’s Best Hotel in 2016 and 2017.

This year’s Best Resort however, was awarded to The Mulia in Nusa Dua on Bali’s southern coast.

Three of Indonesia’s leading resorts ranked in the world’s top 100 Best Resorts for 2019.

T+L’s five best resorts in Indonesia are:

  1. The Mulia, Bali – which ranks at #7 in the world
  2. Nihi Sumba, Sumba – which ranks at #39 in the world
  3. Four Seasons Resort Bali, Sayan, Bali – which ranks at #64 in the world
  4. The Ritz-Carlton, Bali
  5. Four Seasons Resort Bali at Jimbaran Bay, Bali

 

 

Sources: Detik, Travel + Leisure, World Travel Market, Four Seasons Hotels and Resorts, Nihi Sumba

Article source: https://www.gapurabali.com/news/2019/07/24/survey-says-indonesias-best-resorts-bali-and-sumba/1563933633

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China & Indonesia Relation: From friendship to alliance https://invest-islands.com/china-indonesia-relation-from-friendship-to-alliance/ https://invest-islands.com/china-indonesia-relation-from-friendship-to-alliance/#respond Fri, 19 Jul 2019 06:54:40 +0000 https://invest-islands.com/?p=10767 The relationship between China and Indonesia is becoming increasingly important in international politics. Many analysts are focusing on this relationship as a privileged relationship and it is likely to become a strategic alliance, especially with the Belt and Road Initiative, and the Indonesian role as a key member of the maritime route of the initiative. […]

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The relationship between China and Indonesia is becoming increasingly important in international politics. Many analysts are focusing on this relationship as a privileged relationship and it is likely to become a strategic alliance, especially with the Belt and Road Initiative, and the Indonesian role as a key member of the maritime route of the initiative. While others consider that Indonesia allows China to dominate it politically and economically because of exchanges at all levels, which is developing rapidly.

What are the investment projects between China & Indonesia

Indonesia is raising the level of relations with China because this policy is in favor of the local economy and stability in Indonesia, while China is dealing with Indonesia with respect and without interference in the internal Indonesian national affairs. In a meeting with his Indonesian counterpart, Ratno Marsudi, on the sidelines of the G-20 foreign ministers’ meeting in Germany, Chinese Foreign Minister Wang Yi said China would work to strengthen bilateral relations with Indonesia and that Indonesia was an important country on the historic maritime silk route. The Indonesian foreign minister said her country is ready to strengthen cooperation with China, more openness to more projects and investment in all fields and Indonesia will work to improve China’s relationship with the ASEAN Group.

China & Indonesia relation

 

The Chinese presence in Indonesia has a long history. Trade relations were the basis of China’s openness to most of the countries of the world and from those countries Indonesia. With the accession of Mr. Abdurrahman Wahid to the presidency of the Republic, the margin of freedoms has greatly expanded to the Chinese community in Indonesia, so they can celebrate the Chinese holidays and they were allowed to work in the local Indonesian markets.The title “Father of Chinese Indonesians” was given to him, because he granted them full rights in Indonesian territory. In 2003, President Megawati Sukarno decided to consider the Chinese New Year as a national holiday in Indonesia. In 2004, the first Chinese minister in the Indonesian government, Mari Pangestu, was appointed.

It is the common interest of China and Indonesia to promote such relations, regardless of differences such as demarcation of the maritime border between the two countries and trade imbalances for China. China is interested in Indonesia for several reasons: having a strong ally in the region, Indonesia’s strategic geographic location beinga natural deterrent and a major contributor to the Silk Road launched by China, natural resources in Indonesia, which are an important factor in China’s industrial and technological progress, and the largest Indonesian market on which China depends on the disposal of its products.

China & Indonesia relation

The Chinese president’s announcement of the Belt and Road initiative from Indonesia is a great indication of the depth of the strategic relationship between the two countries and the importance of Indonesia as a key partner of China politically and economically. Chinese Foreign Minister Wang Yi said the relationship between China and Indonesia is a strategy because the two countries have important characteristics and the prospects for development are wide. In addition to politics, diplomacy and security, cooperation between China and Indonesia is expanding at sea, land and air levels. For example, it is expected that the two sides will agree on cooperation in space aviation, the construction of an industrial complex on the ground and the completion of further maritime cooperation.

China is working to consolidate military ties with Indonesia, especially after a dispute between the two countries in the South China Sea region. The good relations between China and Indonesia are of concern to the United States and the West because the Indonesian region is a strategic sea corridor and a geographical area rich in natural resources. Currently, China and Indonesia are working on law enforcement, combating terrorism, controlling drug trafficking, cyber security, defense and joint cooperation in maintaining regional security. The global maritime hub initiated by Indonesia and China’s Maritime Road is being harmonized.

All the political and economic indicators indicate that the relationship between China and Indonesia is developing rapidly and could turn into an alliance, so that Indonesia will be an important partner of China in an internationally sensitive geographical area, all international forces aspire to be there.

 

 


Article source: https://moderndiplomacy.eu/2019/07/17/sino-indonesian-relations-from-friendship-to-alliance/

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