Jakarta. An unnamed investor from Australia is planning to invest Rp 10 billion ($763,000) to open a restaurant in Bali following a foreigner-friendly revision of Indonesia’s negative investment list, according to the Investment Coordinating Board, or BKPM.
The list — which is known by its Indonesian acronym DNI — now allows food and beverage-related businesses to be fully owned by foreigners.
Previously, foreigners were only allowed to own stakes of between 33 percent and 67 percent in such businesses, depending on their […]Read more
InterContinental Hotels Group (IHG) has expanded the South East Asian footprint of its boutique hotel brand, Hotel Indigo, with the opening of Hotel Indigo Singapore Katong.
Hotel Indigo is a globally branded boutique hotel brand and no two hotels under the brand around the world are alike. Each hotel is designed to reflect the local culture, character and history of its neighbourhood through its design, food & beverage, amenities and services.
Located in the eastern region of Singapore and a 15-minute drive […]Read more
Indonesia remains steadfast, determined to achieve a total of 12 million foreign tourist visitors for all of 2016. In 2015, the Republic of Indonesia fell short of its stated goal of 10 million tourists.
As reported by The Jakarta Globe, the government estimates that 12 million foreign tourists visiting Indonesia in a single year will yield US$12 billion in much-needed foreign exchange for the nation.
With national foreign tourist totals through the end of May 2016 reaching only 4.43 million, the Tourism […]Read more
Welcome to the popular Indonesian resort island you’ve probably never heard of.
It’s got beaches said to rival the Maldives, tropical rainforest and high-end resorts, yet Bintan Island remains relatively unknown among Australian tourists.
Just a 45-minute ferry ride from Singapore, it is an emerging destination, particularly among Asian visitors.
While the bulk of the island’s visitors are Singaporean, there’s also been big growth in Chinese (up by 40 per cent) and Indian tourists (up 10 per cent) in recent years.
And although Aussies, […]Read more
HO CHI MINH CITY, Vietnam – Hilton Worldwide announced on July 7 the signing of a management agreement with Saigon Cuu Long Corporation to manage Hilton Saigon. The new build hotel located in downtown Ho Chi Minh City will open in the fourth quarter of 2019. Hilton Worldwide currently operates Hilton Hanoi Opera and Hilton Garden Inn Hanoi in Vietnam and has three hotels in the pipeline including Hilton Da Nang.
“Today’s announcement underscores our commitment to grow our presence in […]Read more
Mandarin Oriental Hotel Group has announced an agreement to brand and manage a portfolio of luxury Residences at Mandarin Oriental adjacent to Mandarin Oriental, Bali.
The hotel and residences will form part of the Bukit Pandawa integrated resort development located on Bali’s southern Bukit peninsula. An initial 30 branded residences are scheduled to be completed at the same time as the hotel opens in mid-2018.
As with all Residences at Mandarin Oriental, owners of these private homes will be offered an exclusive extension to the luxury […]Read more