Monday, 24 November, 2008 | 17:03 WIB TEMPO Interactive, Denpasar:The impact from the global financial crisis is starting to be felt by the tourism business in Bali. Hotel room cancellations for December have reached 20 percent, according to reports. Indonesian - Balinese Hotel and Restaurant Association secretary, Perry Markus, said the industry was worried about the situation which changes from day to day.

The Jakarta Post, Jakarta The tax office reported on Monday it was optimistic that this year's tax revenue would exceed the targeted amount, despite impacts of the global financial downturn. Finance Ministry taxation director general Darmin Nasution told journalists that this year his office had aimed to collect Rp 535 trillion (around US$45 billion) from taxes -- a 25.5 percent increase form Rp 426.23 trillion in 2007.

Monday, 24 November, 2008 | 13:51 WIB TEMPO Interactive, Mataram: The installation of a sea wave powered electricity generating plant in the waters of Tanjung Menangis, Pringgabaya sub-district, Lombok Timur Regency, in West Nusa Tenggara (NTB), will not be carried out this November. The reason for this is that the Kobold technology developer from Italy has asked for additional funds from the United Nations Industrial Development Organization (UNIDO), which is funding the project.

Despite endorsement by a tame certifier, Southeast Asia’s miracle oil faces trouble Just outside Danau Sentarum National Park, a large and diverse wetland area in West Kalimantan on the Indonesian side of Borneo, lumberjacks working for an Indonesia plantation company are busy felling trees and clearing the tropical forest. On the other side of the world, in London, a child is unwrapping and preparing to eat a chocolate bar.

Lima, Peru. Indonesia may revise its economic growth forecasts, as declining foreign investment and weakening demand for exports slows the country’s expansion, President Susilo Bambang Yudhoyono said over the weekend. Southeast Asia’s largest economy may grow 6 percent this year amid the worsening global financial crisis, Yudhoyono told business leaders in Lima, where he is attending the annual meeting of the Asia-Pacific Economic Cooperation forum.

Jakarta (ANTARA News) - The government said it is optimistic the number of foreign tourists visiting Indonesia next year will reach 10 million with foreign exchange earnings estimated at US$10 billion. "We hope the condition will be getting more stable so that the tourism sector will contribute more to the country's foreign exchange earnings," Secretary General of the Culture and Tourism Ministry Wardiyatmo said here at the weekend.