Tue Nov 13 HKT - Thu Nov 15 HKT (about 3 years ago)
In your timezone (EST): Tue Nov 13 12:00am - Thu Nov 15 12:00am
It’s a big year for politics and tourism in Indonesia. The widening current-account deficit has revived the narrative that the country lacks funding, not growth. With the 2019 presidential election fast approaching, this could be a key battleground in the second showdown between incumbent Joko Widodo and contender, retired general, Prabowo Subianto.
We believe tourism can play a major role in tackling Indonesia’s current-account deficit, thanks to its substantial growth potential. It should also create jobs and drive development in the outer islands. In policy terms, it represents low-hanging fruit, as the industry is set to benefit from the government’s massive infrastructure investment. This is building the connectivity essential for tourism to flourish.