Indonesia - A Day late and Dollar short
[QUOTE=OffshoreSwell;2849392]An investor with $5 M US with no real investment strategy other than a desire to live in Indonesia forever. What could possibly go wrong?
OS thinks probably smarter to find one of the thousands of Janda's that just want a husband that treats them nicely, doesn't drink and beat them, gives them a small allowance each month and provides a home and a motorcycle. You wouldn't even need to live with her. Just give her a signed portrait of yourself to put on the wall for the neighbours to see and bingo!. That can probably be all achieved for USD $50 K. Then you get a KITAS convertible to KITAP after 2 years and permanence after a few more years even if your janda has woken up to your philandering ways and punted you. Minus the motorcycle of course.[/QUOTE]It appears to me Indonesia is always a day late and Dollar short. Meaning, Thailand and Malaysia introduced new Visa progams some time ago. Thailand's program was a success and they are now planning to raise the bar to obtain the long term Visa. Malaysia's program is the Malaysia My Second Home (MM2H). The MM2H was big hit with Expats. However, last year the Government revised the requirements. One of the new requirements is USD 10,000 in monthly income. Not surprisingly, the MM2H Applications have falled to an all time low. The rumour is the MM2H will be revised again based on complaints and criticism from Malaysian Real Estate Associations (one of the requirements is to invest in property worth MYR 1 Million).
OS, you bring up a good point about Janda's. I assume you have to "Register" the marriage and obtain a formal certificate to apply for the KITAS?
~BKKguru
First in line to get the Indonesian Golden Visa
Who would have guessed?
Sam Altman (Co-Founder & CEO, ChatGPT) is the first to get the Indonesian Golden Visa!
I had no idea Sam was into Indo girls. Don't be surprised if you see Sam in Classic or Emporium! LOL!!
On a serious note, it appears the Indonesian Government gifted the Golden Visa to Sam to create a marketing buzz. Details pasted below.
Jakarta (Bloomberg):
OpenAI Chief Executive Officer Sam Altman (pic) is the first person to get an Indonesian golden visa as South-east Asia's largest economy seeks to draw foreign investors.
The country's immigration authority issued a 10-year visa for Altman as he "has an international reputation and may bring benefits to Indonesia," said Immigration Director General Silmy Karim in a statement.
The co-founder of the ChatGPT creator would enjoy priority security screening at airports, longer stay periods and easier entry and exit processes, among other perks.
Introduced last week to boost economic development, the new visa allows foreigners who make substantial investments in the country to remain for between five and 10 years.
For example, an individual who invests US $350,000 into shares of local public companies, savings accounts or government bonds is eligible for a five-year stay.
It was not immediately known whether Altman, who visited Jakarta in June to speak on artificial intelligence, applied for the visa or has plans to invest in Indonesia.
Since their debut last year, OpenAI's tools have spurred a rush of investment into AI-supporting infrastructure by showcasing the potential of human-like intelligence using vast data centers.
Food Around Classic Hotel Area?
How's the food around the Classic Hotel area especially in regards to local cuisine?
Sawar Besar Transit Station Near Classic Hotel
There is a transit station called Sawar Besar near Classic Hotel. Does any know if the train from this station can get me to the Kota Tua and Chinatown areas a bit north as well as the National Monument to the south? I figure these are the prime areas I'll have time to check out during the full day I'm in the city.
For my partial day near the airport, I thought that I would check out Pik2 - probably need to get a Grab.
MRT Is Nowhere Near Classic Hotel Right?
[QUOTE=HungMan1808;2924225] Which is my only experience with trains in Jakarta apart from the MRT up and down Surdiman / Fatmawati. Local trains might be an adventure. Or not.[/QUOTE]Thanks so much for your input. I guess the MRT line is nowhere near Classic Hotel right? So if I'm staying at Classic Hotel, there's probably no reason for me to even use the MRT given that the Sawar Besar station train goes right up to Kota Tua and to Monas depending on direction unless there are other interesting attractions that are worthwhile for me to get to with the MRT and if I have enough time there. Shame since I see the MRT is actually quite nice there.