Know about market updates
Bali Tourism – RI to Keep Stimulating Tourism Sector The State News Agency Antara reports that the Indonesian Government will continue to operate several stimulus programs to alleviate the damage caused by the COVID-19 pandemic. The stimulus program funded and managed from Jakarta includes grant allocations, interest subsidies, restructuration of debt, and soft credit facilities for privately…
Bali Visa – Indonesian Plans To Provide 5 Year Visa Once international travel restarts, Indonesia plans to provide incentives to international visitors wishing to stay long term by offering them a five-year visa. Indonesian Tourism Minister Sandiaga Salahudin Uno made the announcement on Monday (8/2). “The concept is a long term stay, second home visa…
Bali Hotels for Sale – Make an Offer! As reported by TribuneBali.com, Bali’s tourism economy – particularly the hotel and villa sector – is taking an increasingly severe beating resulting from the continuing global pandemic and government policies restricting public movements and gatherings in Java and Bali. Bali enters the month of February 2021, with hotel occupancies…
Bali Travel Ban Extended Travel Ban Until 08 Feb 2021 The Indonesian government has formally announced the extension until 08 February 2021 of its “closed border policy” prohibiting foreign nationals’ entry. The extension was announced by the Coordinating Minister for the Economy, Airlangga Hartato, during a press briefing on Thursday, 21 January 2021. Quoted by Kompas.com, Hartati said, “The…
Bali Tourism Early 2021 Return of Intl Tourists? Despite social media news to the contrary, Bali’s Deputy-Governor Tjokorda Oka Artha Ardana Sukawati (Cok Ace) emphasizes that Bali will remain closed to foreign tourists until at least the end of 2020. His assurances discount any suggestions that the island will once again welcome foreigners on 01…
Bali Bus System – Electric System Launched in Bali The Provincial Government of Bali has launched a new electric bus service in Bali in a ceremony held at the Governor’s Residence in Denpasar on Friday, 06 November 2020. As reported by Tribun-Bali.com, the head of the Provincial Transportation Authority, I Gde Samsi Gunarta, said the trial operation of electric…
North Bali Airport – Local Resistance Grows Radar Bali reports that residents of Sumberklampok Village, Gerokgak, in and Buleleng Regency, North Bali, are becoming increasingly vocal in their opposition to the construction of Bali’s second international airport in their community. Along the main east-west roadway across Bali’s northern shoreline, the people of Sumberbalok supposedly installed banners…
North Bali Airport in a Holding Pattern NusaBali reports how plans to build a second airport in Northeast Bali at Kubutambahan now appear highly doubtful after discovering that a large portion of the acreage needed for the air gateway is already under a long-term lease. This unexpected development has effectively sidelined any effort to acquire the…
The future of Bali – What lies ahead for Bali island… How long will Bali need to again welcome around 17 million annual visitors – a number comprised of about 6.3 million foreign visitors and some 10.7 domestic travelers? And, perhaps more to the point, when will Bali once again enjoy the more than US$10.7…
Bali Property Market – the rapidly fading shine! In an article on gapurabali.com and via his real estate blog, Dominique Gallmann, co-founder and CEO of Exotique Properties, has shared insightful comments on the state of Bali’s real estate market. Now that COVID-19 and its devastating effect on Bali’s and the global economy have become a fixture of daily life for the…
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