Sun, 19 Oct 2008
Editorial: Tourism Minister's Wacik's Pollyannaish Reaction to the Current Economic Crisis is Ripe with Danger for Indonesia's Tourism Industry.

(10/18/2008) Stock markets around the globe have lost trillions in value. Credit lines have dried up threatening the very life's blood of daily commerce around the world. Greying populations watch fearfully as their pension plans evaporate and the asset value of their homes plummet. Unemployment climbs as factories, banks and manufacturing enterprises close in Asia, Europe and the U.S.A.. Leading economists are almost unanimous in their warnings that the current economic crisis has yet to play out and that the resulting recession's ill-effects are likely to be felt for for years to come.

Enter Indonesia's Minister of Culture and Tourism, Jero Wacik who stepped up to the microphone last week to assure the media that not only would Indonesia's tourism industry suffer no ill effects from the current economic upheaval, but would, in fact, incur a massive windfall in business as a stressed-out world beats a path to Indonesia's door seeking rejuvenation and relaxation.

Right.

Prepare to Suspend Belief

Quoted in various media across Indonesia, including the Jakarta Post, Minister Wacik declared "the current global financial crisis will benefit Indonesia's tourism industry." Explaining his view, Wacik continued: "The crisis is stressing so many people out. They need to relax to relieve the stress . . . that's why I am optimistic the number of foreign tourists visiting Indonesia will increase.”

What's Missing in This Picture?

To Minister Wacik's credit, he has promised more flights and more events in the final months of 2008 to keep tourism numbers flowing into Indonesia. And while such steps have their merit, we fear the Minister's fundamental failure to grasp the truly dire nature of present circumstance precludes him from fulfilling his proper role of urgently convening the leaders of Indonesia's tourism industry to analyze the developing situation and plot strategies to minimize the fallout of what remains, at least for now, a worsening economic scenario.

Recalling the words of the great economist, John Kenneth Galbraith, we humbly remind Minister Wacik of the following:

"All of the great leaders have had one characteristic in common: it was the willingness to confront unequivocally the major anxiety of their people in their time. This, and not much else, is the essence of leadership."

That the current economic crisis is real is beyond dispute.

Minister Wacik, it's time to seek the wise counsel of our industry leaders to formulate what can and must be done to protect the millions of Indonesians who work in the tourism industry.


Mon, 20 Oct 2008
From: JakChat
Comment by chewwyUK
you know if more people stuck their head in the sand like Minister Wacik then we may just get through this "econimic meltdown" with little damage. I am sick of reading papers and watching news full of doom and gloom and how crap everything is. Personally I will take the wacik approach. Every cloud has a silver lining and you just have to find it .. and make money from it!


Mon, 20 Oct 2008
From: JakChat
Comment by Piss Salon
Minister Zero, they call him. From SBY's Democratic Party.

This guy was one of my easist interviews.

He, or rather his secretary, called and asked me to fax him the questions. She called me back a wait an hour before the intended interview and asked if I could fax the answers as well. I kid you not.


Mon, 20 Oct 2008
From: JakChat
Comment by KuKuKaChu
Originally Posted By: Piss Salon
He, or rather his secretary, called and asked me to fax him the questions. She called me back a wait an hour before the intended interview and asked if I could fax the answers as well. I kid you not.

a worthy representative of indonesia's tertiary education system.


Mon, 20 Oct 2008
From: JakChat
Comment by chewwyUK
hehehehe -- really??? that is a fantastic. What did you say?


Mon, 20 Oct 2008
From: JakChat
Comment by Piss Salon
In his defence, it was a paid placement (read advertisement to boost his profile) but when he can't outline his own vision and mission ....


Mon, 20 Oct 2008
From: JakChat
Comment by Piss Salon
US financial crisis has impact on Bali`s economy


Denpasar (Antara News) - The US financial crisis which had developed into a global crisis has caused an unfavourable impact on Bali`s economy.

"The US financial crisis also posed an disincentive to Bali`s economy as a whole," Head of the Bank Indonesia branch office in Denpasar Viraguna Bagoes Oka said in a two-day training of 35 journalists in Candidasa area, Karangasem district, Bali, on Sunday.

According to him, the crisis really affected Bali as marked with a decline in tourist arrivals at that island resort.

The interest of the international community in overseas travel has become low. This condition will remain until the global economy returns to normal.

Furthermore, he said that a drop in tourist arrivals really affected the tourism sector which has been a primary source of income for the people of Bali.

Since the outbreak of the financial crisis, the Bali government should start anticipating by making various efforts and breakthroughs with a view to normalizing Bali`s economy.

Other impacts that should be taken into account include a drop in Bali`s exports to the US, Japan, Italy, Singapore and Germany.

60 Percent of Bali`s exports went to the US. If the economic condition in the US is unfavourable, it would also affect Bali`s economy, Viraguna said. (*)



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