The global economic situation is a big headache right now…to say the least. For millions of families in Indonesia, the weakening of the Indonesian Rupiah against the US dollar has taken the cost-of-living crisis to the next level. The situation is also known to impact tourist spending, for better and for worse. It has been …
Economy
Does anyone remember a time when it was not possible to pay by card for anything in Bali? It was cash or traveler’s cheques only. Oh, how times have changed. Here at The Bali Sun, we are still convinced that cash is king in Bali, but as time moves on, more and more of the …
Rising fuel prices have been the biggest topic of conversation in Bali’s tourism sector over the last few weeks. It’s been a tough moment for many tourism businesses, what with the weakening of the rupiah against the US dollar and the end of fuel subsidies. The concern for tourists is that the cost of visiting …
The weakening of the Indonesian Rupiah against the US dollar over the last few weeks has brought both benefits and challenges for both Bali tourists and the travel sector. Local industry leaders have been coming together to develop solutions that benefit everyone in a rapidly evolving economic landscape. Speaking to reporters, Putu Winastra, Chairman of …
The conflict in the Middle East is affecting people around the world in both small and big ways. As we live in a global economy dependent on fuel, the conflict is impacting everything from food costs to travel costs and even travel experiences, no matter where we are in the world. There has been an …
Leaders in Bali have announced ambitious plans to establish the province as a world-leading financial center. The world’s biggest economic hubs include New York, London, Singapore, and Hong Kong, but the team behind the new Kura Kura Special Economic Zone in Bali is seeking to take the province to new heights on the global stage. …
Bali is working to pioneer sustainable tourism as standard. The island’s traditional philosophy of Tri Hita Karana, the harmony between people, planet, and the spiritual realms, still governs many aspects of day-to-day life. As tourism continues to grow, leaders are seeking new ways to manage the sector that benefit local businesses, communities, and the land. …
Whether we like it or not, money has a huge influence on our travel decisions. Here at The Bali Sun, we try to live our best lives irrespective of the number on the screen when we check our account, but we’re also super realistic. The Indonesian Rupiah has weakened, which is concerning in many ways; …
Bank Indonesia has just launched an innovative new digital payment system for tourists travelling to top destinations like Bali. The new ‘Indonesia Tourist Travel Pack’ will help tourists enjoy a smoother transition to a cashless economy. The new Indonesia Tourist Travel Pack is being rolled out from Bali’s I Gusti Ngurah Rai International Airport. Through …
There are many exciting things about traveling to Indonesia for the first time. For those who visit the island from very different cultures and climates, the touchdown in Indonesia is a sensory overload. One of the top things that first-time tourists to Bali often note is that their holiday budget makes them feel like millionaires. …
If you haven’t heard of Padel, where have you been? Have you not heard of the fastest-growing sport in the world?! Padel has taken the world and Bali by storm, and now leaders want to make sure that these new businesses on the block are making a fair contribution to the island. The Head of …
The Bali Governor has provided an update on how tourism tax revenue from the province is generated and how it will be utilized. In addition to the Bali Tourism Tax Levy introduced back in February 2024, there are a series of tourism and restaurant taxes that are generated across businesses on the island. Speaking to …