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Jakarta Post

President mulls creation of tourism holding

  • Mardika Parama


Jakarta   /   Tue, August 11 2020   /  01:00 am
Officers using an electric thermometer check passengers off at the domestic terminal as an effort to prevent the spread of the COVID 19 virus in the Domestic Terminal of I Gusti Ngurah Rai Airport Tuesday 10/03/2020.(JP/Zul Trio Anggono)

President Joko “Jokowi” Widodo announced on Thursday that he is considering forming a holding company for aviation and tourism state-owned enterprises (SOEs), as well as developing international hub airports, to help revive the industries, which have been battered by the COVID-19 health crisis. Jokowi said he aimed to integrate SOE management to improve consolidation and boost tourism, including airlines, airport management, tourism destination operators and hotels. “I think the current tourism downturn is the right moment to start a consolidation and transformation in the tourism and the aviation sectors, and we could establish an SOE holding firm [for] a unified vision,” he said during a limited Cabinet meeting in Jakarta. Jokowi’s proposal comes after the country saw its economy contract 5.32 percent, for the first time since 1999, with the t...