Tourism is a double-edged sword. When times are good and visitor numbers are high, stakeholders are more than happy to reap the rewards.
There’s an old Chinese curse. Actually, there are lots of Chinese curses, but the one that springs to mind and seems most appropriate for 2020 goes something like this … “may you live in interesting times!”
It might sound naïve and idealistic and the sort of thing you’d expect to hear from sandal wearing hippies lost in space, but it’s a fundamental moral code and a spiritual pillar of the philosophy of Hindu Dharma in Bali and it’s rooted in the idea of Tri Hita Karana.
Indonesia’s property market is expected to enjoy a good year in 2020, primarily because “the government loosened the loan-to-value ratio on residential properties by 5% and issued an exemption on luxury tax increment for residential properties valued under IDR 30 billion – around USD 2.2 million – at the end of 2019,” says the Jakarta Globe.