Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.

Forex

The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Economy

6 Jun 2022

Bali, Indonesia plans to attract Digital Nomads with 5-year Visa

The Index Today

INDONESIA plans to issue a special 5-year visa for the digital nomads - remote workers and business-leisure travelers to attract visitors to back to Bali and other destinations in the country.

Tourism Minister Sandiaga Uno said in an interview with Bloomberg Television's Yvonne Man and Rishaad Salamat on Monday (Jun 6), that currently, around 95% of surveyed "digital nomads" have said Indonesia is their "top of mind" destination for remote work and they are ready to travel.”

The ministry of Indonesia has considered this special visa since early 2021, but the plan was delayed and hindered by rising cases of COVID-19, strict border controls and a lack of flights to Indonesia's tourist destinations.

Uno added that, "Now with the pandemic handled and all the ministries getting involved and cooperating from the health side to the immigrations office, we believe that this is an opportune time to relaunch this idea."

Indonesia is expecting to hit the target of 3.6 million travelers this year. And they are expecting that it will generate over a million jobs for Indonesians and help propel economic growth after the pandemic, Uno said in Bloomberg interview.

©Photo: thejakartapost

Clay pottery with table linens