Foreign interest in property in Bali is booming right now. The demand for villas, apartments, commercial buildings and land on the island by international investors, expats and developers is seeing prices skyrocket. Research conducted by Indonesian-based property company Rumah123 shows that there is an unprecedented increase in demand for property from foreign nationals, especially in …
Economy
As a judicial review gets underway in Indonesia to establish whether the government can or should increase the entertainment tax to 40%, key business figures are making their objections known. Hotman Paris, who is a big public figure in Indonesia, is making his objections to the government’s plans to increase the entertainment tax. Hotman Paris …
At the start of the year, the central government announced that new legislation would be introduced that would see Indonesia’s entertainment taxes increase to 40-75%. Tourism leaders and entrepreneurs in Bali have been vocal about their concerns about the price hike and are calling for it to be scrapped. The Coordinating Minister for Maritime Affairs …
Indonesia is set to make a whopping increase to the country’s entertainment tax. The national entertainment tax will now range from 40-75%, and entertainment businesses in Bali and the tourism sector are unhappy about it. There are genuine fears that this steep hike in Indonesia’s entertainment tax will negatively impact businesses nationwide. The goods and …
Bali is a multi-faceted travel destination. Whether tourists want to party, deep dive into culture, retreat into a community retreat, or rest, the island offers it all. For tourists looking for VIP treatment and spending time at one of the island’s top spas and retreat spaces, the cost of experiences is about to get more …
As travelers around the world are welcoming the news that the World Health Organization has formally revoked the Public Health Emergency Of International Concern for Covid-19, one Bali-based economist is calling for the moment to be used as a turning point. While the world has, generally speaking, adjusted to living with the virus for well …
Officials from Bali’s Tourism Office have announced a new We Love Bali campaign that they hope will bring in a significant amount of donations from visitors to the island. The infrastructure for the We Love Bali campaign was quietly launched in 2022. Only now, however, is the Tourism Office promoting the campaign more publicly. Another …
Indonesia’s Minster for Tourism and Creative Economies has announced that he wants to integrate the development of West Bali and East Java as a part of the National Tourism Strategic Areas. Minister Uno shared his vision with communities and the press during a weekend visit to Pescuen Village in East Java. Minister Uno told small …
As it has been confirmed that China will reopen its borders from 8th January 2023, Bali tourism businesses are preparing to welcome a sharp increase in arrivals. The Bali Tourism Board have spoken to reporters about their predictions for the start of the year. In light of other countries implementing mandatory PCR testing for travelers …
The tourism sector in Bali is just finding its feet again after a devastating two years from the Covid-19 pandemic. With the impacts of a global recession looming, tourism businesses in Bali have been discussing how to protect themselves against further economic disasters. Though Bali’s on track to smash tourism targets for 2022, what lies …
According to the Provincial Head of the Bank of Indonesia, the majority of a tourist’s budget gets spent on food and beverages during a visit to Bali. Speaking at an event held in Sawangan in Nusa Dua, Head of Bank Indonesia’s Bali Province Representative Trisno Nugroho, revealed that 65% of tourist spending is dedicated to …
During the height of the pandemic in Bali, homeowners were struggling to rent out their usually fully booked rental properties. With borders closed and industries on lockdown, many rental property owners drastically dropped their prices hoping that some income would be better than none. Still, as borders reopened in February this year, landlords left rental …