Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · In Search of Foreign Exchange
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

In Search of Foreign Exchange

Indonesia to Allow 100% Foreign Investment in Tourism Sector


Bali News: Indonesia, Foreign Investment, Tourism Sector, Ministry of Tourism and the Creative Economy, Firmansyah Rahim
Click Image to Enlarge

(5/4/2014)

The State News Agency Antara reports that the Indonesian Ministry of Tourism and the Creative Economy is authorizing 100% foreign ownership of businesses in the tourism sector providing these businesses are operated as cooperative ventures with a local partner.

Firmansyah Rahim, director general of Tourism Destination Development at the Ministry said: "The foreign investment in the tourism sector is allowed to reach 100 percent with a condition that it has a joint venture with the locals, since we want to share-knowledge and skills through that partnership."

The Ministry defended the liberalization of the investment process saying investors were needed to develop the Country’s potential for tourism.

In the eyes of the Government, the net result of more investment will be more jobs and improved standards of living for Indonesian nationals. As a bonus, the government sees an expanded tourism economy as stimulating travel and environmental consciousness among the general public.


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.

       

 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Lips are Sealed
Bali Police Raid Bibir Cafť and Take Customers into Custody Under the Suspicion of Illicit Drug Use
(7/16/2017)
Luggage. What Luggage?
Malaysian Malindo Flight Bound for Brisbane Leave Passengers Luggage Behind in Bali
(7/16/2017)
An Emphasis on Street and Neighborhood Policing
Bali Police Training Special Street Crime Units to Ensure Safety of Tourist Visitors
(7/16/2017)
We Are Many; We Are One!
12th Sanur Village Festival August 9-13, 2017 Seeking to Unite the Indonesian Nation.
(7/16/2017)
A Stake in Kidney Transplants
Baliís Sanglah General Hospital Preparing to Perform its 5th Kidney Transplant in August 2017.
(7/16/2017)
They Have to Be Carefully Taught
Young Girl from Bangli, Bali Special Needs Schools Qualifies to Compete in National Painting Competition
(7/17/2017)
Baliís Travel Event of the Year
Skal Travel Industry Ball at Ayodya Resort Bali Saturday, August 5, 2017
(7/16/2017)
Carolís Calling
Carol Waller Appointed General Manager at Holiday Inn Resort Benoa
(7/16/2017)
Certified Conservationists
Ayodya Resort Bali Certified by TUV Rheinland Indonesia
(7/16/2017)
In the Summertime
Bali Airport Redecorates to Welcome the Summer Tourist Rush
(7/16/2017)
Relief for the Reef
Pressure Grows for Compensation and Criminal Charges Against Captain of Caledonia Sky that Damaged Reef at Raja Ampat
(7/16/2017)
More Ships Ahoy
Indonesia Determined to Increase Share of Cruise and Yacht Market
(7/16/2017)
All [News]!