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NEWS UPDATES Asean Affairs     October 6,  2016  

Tourism should be Indonesia's core business

Tourism Minister Arief Yahya is pushing tourism to become the core of the nation’s economy after projecting the sector to be the biggest contributor to foreign reserves.

“I have conveyed my prediction to the President [Joko 'Jokowi' Widodo]. Tourism will become the core business of our economy,” the minister said in Mataram, West Nusa Tenggara, Monday night.

Arief said during a meeting of tourist guides from all over the country in Mataram that tourism was the easiest and least costly sector to contribute to gross domestic product (GDP), foreign reserves and creating job openings.
Currently, he said, tourism made up 10 percent of total GDP and was the fourth biggest contributor to foreign reserves.

“Tourism is the fourth [biggest] contributor to foreign reserves. Although the value is 9.3 percent, compared to other industries, tourism has seen the highest growth in foreign reserve contribution, whereas others like oil and gas, coal, and palm oil registered negative growth,” he said.

Arief said the investment needed to achieve the foreign reserves targeted was only 2 percent. “Creating Rp 100 million [US$7,600] in foreign reserves, for example, the investment needed would only be Rp 2 million,” he went on.

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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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