Indonesia spends 3.8 trillion IDR to revive tourism industry
The Indonesian government will allocate 3.8 trillion IDR (257 million USD) from its budget to revive the tourism sector through granting several incentives to tourism operators in the country.
Popular tourist destination Raja Ampat in West Papua. (Source: ANTARA News)
Jakarta (VNA) – The Indonesiangovernment will allocate 3.8 trillion IDR (257 million USD) from its budget torevive the tourism sector through granting several incentives to tourismoperators in the country.
The incentives include subsidy and income tax cut,deputy chief of the presidential office Febry Calvin Tetelepta said at awebinar on tourism during the COVID-19 pandemic on August 13.
The tourism industry, including hotels,restaurants, travel companies, and creative economic businesses engaged inadvertisement and film production, can benefit from the incentives, he added.
According to the World Tourism Organisation,tourism has been the most-affected sector during the coronavirus crisis.
The Indonesia’s Ministry of Tourism and CreativeEconomy expects that the number of foreign tourists to Indonesia will plunge to5 million this year compared to 16 million last year.
Meanwhile, the number of domestic visitors ispredicted to fall to 120 million in 2020 from 303 million last year.
The country's foreign exchange earnings from thetourism sector are projected to fall to 15 billion USD from the target of 21billion USD for this year./.
A Reuters poll announced on August 14 showed that Indonesia’s exports and imports may have plummeted in July, following an improvement a month prior, with global trade still reeling under the fallout from the coronavirus crisis.
Indonesia’s foreign debts in the second quarter of 2020 were recorded at 408.6 billion USD, consisting of debts of the public and private sectors, according to the Bank of Indonesia (BI).
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Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
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Popular tourist destination Raja Ampat in West Papua. (Source: ANTARA News) 
