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NEWS UPDATES Asean Affairs    October 18,  2017  

Indonesia offers 17 projects to support three tourist destinations

Indonesia’s Investment Coordinating Board (BKPM) has offered 17 tourism projects to investors to support the development of three main tourist destinations, namely Lake Toba in North Sumatra, Borobudur Temple in Central Java and Tanjung Kelayang in Bangka Belitung.

The projects are worth a total of US$2.9 billion, which includes the construction of hotels, golf courses and basic infrastructure, BKPM chairman Thomas Lembong said at the Regional Investment Forum in Padang, West Sumatra, on Monday.

He added that $2.3 billion was needed for five projects to support the Lake Toba destination, $562 million for 10 projects to support the Borobudur destination and the remaining funds to construct two hotels to support the Tanjung Kelayang destination.

Investors would only need to disburse their money because the land, supporting regulations and licenses have already been prepared, he said.

Indonesian tourism has an annual growth of 35 to 40 percent, compared to an average national investment growth of between 12 and 14 percent.

According BKPM data, 2013 investment in tourism contributed 1.45 percent to the total national investment, but in the first half of 2017, it reached 3.67 percent of total investment, or $929 million in value.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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