Forbes has reported that economists estimate Taylor Swift's tour will contribute between SGD 300-400 million (RM1.054-1.405 billion) to Singapore's economy in Q1.

This is a source of envy for many countries in Southeast Asia post-pandemic, prompting Indonesia to aspire to emulate Singapore's success with other international artists.

Recently, Indonesian Coordinating Minister for Investment, Luhut Binsar Pandjaitan, expressed confidence in their country's ability to host exclusive concerts comparable to Taylor Swift's Singapore event.

"We'll match Singapore's efforts for other artists. We must be prepared to compete. If Singapore can profit, why can't we?"

According to reports from Tempo and Jakarta Global, discussions have already taken place, and within the next six months, an entertainment company will secure contracts with international artists to organize concerts in Indonesia.

Acknowledging the significant boost in tourism income generated by Taylor Swift's exclusive Southeast Asian shows covering two weekends and six performances, the minister emphasized the economic impact.

"For two weeks, Singapore is unavailable due to Taylor Swift's concerts, resulting in nine days of fully booked hotels."

Undoubtedly, such events bring substantial revenue, and as neighboring countries plan for future concerts, it's imperative to consider the government's stance on this matter.