Indonesian Insights

Written by Denny Rahmansyah The Governor of Bali recently issued Letter No. 570/1665/BPM dated December 27, 2010 regarding a Moratorium on Principal Licenses (Capital Investment Registration/Capital Investment Principal License) for Tourism Accommodation Service Businesses (“Letter No. 570″). This letter, in effect, sets a moratorium on hotel development in three areas in the popular tourist area [...]