Indonesian tourism is gaining the international recognition again. This time, for The Best Awards 2018 from Travel and Leisure. It is precisely for the category of The Best Island in The World. Travelandleisure.com called Java Island as the best in the world in its website.

This award is very special for The Indonesia tourism, because the award was announced by travelandleisure.com just before the Asian Games 2018. Furthermore, Indonesia is also preparing to hold the IMF-World Bank Annual Meeting.

Travelandleisure.com is a site that becomes the reference for global traveler. This site contains the references to destinations in every country, including how to transport to the location. It got the references from the readers and the travelers. In its article, travelandleisure.com mentioned if its World’s Best Awards survey conducts every year.

“T + L has asked the readers about their travel experience around the world. The readers are invited to share their opinions about top cities, islands, cruises, airplanes, and more. The readers also rate the island based on its activities, natural attractions, beaches, food, hospitality, and overall values,” written by travelandleisure.com on its website.

The readers of travelandleisure.com is choosing Java Island as the best this year. That is not enough, because the second and third positions are also at Indonesia, which are Bali Island on the second position, and Lombok Island on third one. After Indonesia, there are Maldives, Waiheke New Zealand, and Palawan Philippines.

The domination of Indonesia is very surprising, because it can defeat Palawan island which had became the champion in 2013 and 2017. The three islands in Indonesia have also defeated the beauty of the Maldives. “In fact, Indonesia has an island that can bring the happiness and useful for science, and Indonesia dominates the top three places the places to make people enjoy to visit,” written on the article.

This achievement is further complemented by the elected of five hotels in Indonesia on the list of Top 100 Hotels In The World by travelandleisure.com. In fact, three of the hotels are included in the Top 10, which are Four Seasons Resort Sayan Bali on first position, The Mulia Bali position on sixth, and Nihi Sumba NTT is ranked on ninth. While Amandari Bali is ranked on 12th, and Alila Manggis Bali on 93rd.

This world-class award was well received by Tourism Minister Arief Yahya. He explained that this award will increase the Indonesia Government’s confidence that will hold the Asian Games and the IMF-World Bank Annual Meeting.

“This award has a tremendous value. This proves that the Indonesia’s potential tourism spots have been (abroad) recognized. Previously, the award was dominated by Bali and Lombok. This award is also good for the (Indonesia) country that is preparing to host the Asian Games and IMF-World Bank Annual Meetings, “he explained.

It is not less important that the award of Travel and Leisure will strengthen 3C (Confidence, Credibility, and Calibration). “Award will raise the level of our confidence level. The reward is basically a legitimacy or recognition. When we get an award, then our self confidence will rise, “he explained.

The award will be the best and effective marketing, including increased the credibility. “If it is communicated well, the award can be the most effective way of branding of (our) image. We do not need to hardly convey the benefits (that) we have. Someone else who will state it, “he explained.

Indonesian Minister of Tourism said that the award is also a benchmark of what Indonesian Government has done. “An award is also useful to make explanation that what we are doing is right. Plus, to convey our position compared with others.

To make explanation means making the measurements whether what we are doing is on the right track or not. And this measurement is important, because if we can not do the measurement, then we can not manage the industry of tourism,” he said.

According to him, the award from travelandleisure.com is also as a proof that Indonesia is very beautiful country. Indonesia can compete at the global level. This award can also increase self confidence. “And in the end, it will have an impact on the increasing the working spirit, even to the entire nation of Indonesia,” he said.

Source: Travelandleisure, Antara

Disclaimer: This article is a summary of news articles obtained from a number of mass media. We are not responsible for the accuracy of data or sources of information presented by the mass media that became the reference.

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Singapore is still on the top of the list as the biggest investor in Indonesia during the first three months in Indonesia. "Singapore is still on the top of the amount of investment with 2.65 billion US dollars in the first quarter of 2018," said Deputy of Controlling The Implementation Investment on Investment Coordinating Board (BKPM) Azhar Lubis.

On the second position is Japan with the total investment of 1.36 billion US dollars, and followed by South Korea with 940 million US dollars. On the fourth position, China with the investment of 676.2 million US dollars, and on fifth position is Hong Kong with 516.1 million US dollars.

Azhar explained that although the position of China went down one rank, but according the amount of investment amount, it has continued to increase compared to the same period on the previous year. "China’s investment on the first quarter of 2018 (nearly) 700 million US dollars. On the same period in 2017, China was on the third ranked with (investment) about 600 million US dollars. The Grade of rating went down, but from the nominal and percentage China has risen," he explained.

On the same time, Chairman of BKPM Thomas Trikasih Lembong said that the increasing of China’s investment trendis not only happening in Indonesia but also around the world. China is the main of trading partner of 121 countries in the world. Furthermore, this country is also a major source of international tourists of many countries around the world, especially after becoming the strongest economy in Asia Pacific.

"So It is common that logically China must be one of the biggest investors in almost all countries in Asia Pacific, even in the world," he said. BKPM noted that the realization of the amout of investment during the first quarter of 2018 is Rp185, 3 trillion. It is increased of 11.8 percent over the same period in 2017 that the amount wasRp165, 8 trillion.

The realization of domestic investment (PMDN) isRp76, 4 trillion, has risen 11 percent from the same period of the previous year that amount of Rp68, 8 trillion. There is also the realization of foreign investment (PMA) of Rp108, 9 trillion, up to 12.4 percent from the achievement in the same period of the previous year that amount ofRp97 trillion. The Total Jobs that have created during January-March 2018 were 201,239.

Source: Antara

Disclaimer: This article is a summary of news articles obtained from a number of mass media. We are not responsible for the accuracy of data or sources of information presented by the mass media that became the reference.

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The Investment Coordinating Board (BKPM) estimates that Presidential Regulation No. 20 of 2018 on the Usage of Foreign Workers is expected to push the investment until 20 percent. Head of BKPM Thomas Trikasih Lembong said, the permit to usage of foreign workers is one of the main complaints of investors who invest in Indonesia.

"In this foreign workers permit they (investors) have to meet and go around the agencies. If this rule is really on the path of reform that covers ‘Online Single Submission`, I think the increase can be 10-20 percent," he said.

The former Minister of Trade ensures that the increase of investment will encourage the usage of foreign workers. The reason is that the international investors have been putting billions dollars in other countries with full of risk.

"I’m sure they (the investors) wants to bring their people because it would be too risky if something happen. If I were an investor I would want to put my own people or the best people in the world without seeing their citizenship in the investment," he said.

Nevertheless the number of foreign workers in Indonesia only reach one per thousand compared than the number of Indonesian workers currently working abroad. In fact, roughly, from 1,000 workers in Indonesia, only one of them is a foreign worker.

"So it is unreasonable that 999 Indonesians ‘fear’ to be surrounded by a single stranger. This fact has even been recognized by senior figures on the opposition coalition," he said. Although the government supports the simplification of procedures for the usage of foreign workers, the government on the other hand continues to improve the skills and knowledge of local workers.

It is hoped that these efforts can encourage local workforce to develop with better jobs and earn higher income. "Therefore, the government prepares vocational training programs and polytechnics to improve the skills of our workforce in order to develop," he concluded.

Source: Bisnis Indonesia

Disclaimer: This article is a summary of news articles obtained from a number of mass media. We are not responsible for the accuracy of data or sources of information presented by the mass media that became the reference.

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It is not wrong to think of Jakarta as a fintech center that will drive the Indonesian business in the future. The fintech investors all over the world tend to be more confident in investing their money for developing countries, especially countries in Asia such as Indonesia, Thailand, Malaysia, etc. Compare to theseSouth East Asia countries, even Asia, Jakarta (as the capital of Indonesia) is the most potential choice of investment for various reasons. The other developing countries in Asia that just aware of the importance of technology of non-cash transactions, are on the next list.

Jakarta has become the city with the most rapid development of infrastructure compared to other cities in Indonesia, even in Southeast Asia. The proof is the appear of towering office buildings and luxury malls that became the favourite place of Jakarta people to have relax.

That proof can be a benchmark for the progress the economic aspect of a city in the world. Even the capital that is also the center of business has also started to improve in terms of transportation, payment, etc., such as online transportation services, and also the application of digital payments (e-money). It’s really help the citizens.

The appear of fintech start up service currently in Jakarta is very useful for the community, especially those who have never connect with bank. It can be the answer why the development of startup or fintech business in Jakarta increasingly becomes the best choice by the investors both domestic and foreign. During 2017 fintech activities is mostly dominated by payment and lending such as e-money at toll gates, Transjakarta tickets, and also shopping mall in Jakarta.

And if there is cooperation between bank with fintech technology (startup fintech), then there will be increased fintech activities in all big cities across Indonesia in 2018, as has been stated by Digital Artha Media (DAM). While the Indonesian Chamber of Commerce (KADIN) predicts, investment in the sector of fintech will exceed Rp 105.6 trillion in 2018.

So it is common if the developing of fintech technology in a country firstly will start by penetrating on segment or market at Jakarta, as the bigggest city, then continue to other big cities, such as Surabaya, Medan, Bandung, Semarang , Makasar, and others.

And when fintech technology has developed especially in big cities of Indonesia, automaticly its technology would have been able to catch up with some major cities in the world, just like Singapore. Nowdays Singapore is becoming one of the successful cities to adopt fintech technology. More over the Singapore state plans to make their country as the fintech center of the world.

So the only homework for start-up fintech entrepreneurs is, spreading their digital services all over Indonesia, so that the majority of Indonesia people (about 270 million of population) can understand and familiar with the service. And then, our country can take over the position as the fintech center of the world.

Disclaimer: This article is a summary of news articles obtained from a number of mass media. We are not responsible for the accuracy of data or sources of information presented by the mass media that became the reference.

INESIA is an Indonesian Legal Process Outsourcing provider. INESIA has assisted Clients in establishing Foreign Direct Company and Representative Office more than 250 entities with 100% success rate. We also assisted local and multinational companies in handling their corporate legal matters, including providing legal retainer services for day to day business operations.

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