This worldwide crisis is going to last to the late 3rd or 4th quarter of 2009 and possibly go in to the 1 or 2nd quarter of 2010. As for people traveling overseas on holiday and spending real money (in large quantities) Indonesia better be ready to see alot less expats and alot more Asians........

Originally Posted By: biznews"Because the global financial crisis is predicted to continue until 2009, the UN-WTO predicted the global tourism growth rate reach only 0 to 2 percent," an expert staff member of the Cultural and Tourism Ministry, Thamrin B Bachri, said by phone on Monday.

see also http://www.aagos.ristek.go.id/but forget about registering to attend. it's already closed.

Jakarta, (ANTARA News) - Indonesia and other countries in Asia and Africa are determined to strengthen their commitment to using Open Source (OS) software instead of licensed software which was mostly being monopolized by big companies, a research and technology official said.

Jakarta (ANTARA News) - Vice President Jusuf Kalla said now was the right time for the government as well as private enterprises to invest in the infrastructure sector as the prices of commodities were down.

Singapore. Palm oil futures dropped for a fifth day straight on Monday on concerns that a global recession will cut demand and add to an oversupply that’s driven Malaysian stockpiles to a record.Inventories gained to 2.09 million tons in October, the Malaysian Palm Oil Board said last week.

Jakarta (ANTARA News) - The United Nations World Tourism Organizations (UN-WTO) has predicted that global tourism growth will decline."Because the global financial crisis is predicted to continue until 2009, the UN-WTO predicted the global tourism growth rate reach only 0 to 2 percent,"...

Aditya Suharmoko, The Jakarta Post, Jakarta Indonesia’s third quarter economy grew at the slowest speed in six quarters as slumping commodity prices cut export revenues and the global economic slowdown reduced demand for Indonesian products.