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Bali, Inc.?

Tourism Ministry Promotes Bali’s ITDC as a Regional Center for Trade and Finance


Bali News: Bali, Financial Center, Trade Center, Arief Yahya, ITDC, Indonesian Tourism Development Corporation
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(6/18/2017)

Indonesia’s Minister of Tourism, Arief Yahya, believes that Bali’s strong international branding can be used to turn the Island into a trade and finance center

RadarBali.com says the Tourism Minister thinks the Indonesian Tourism Development Center (ITDC) at Nusa Dua has the highest potential to realize his plan to duplicate Singapore’s success for attracting financial and trade investment. Yahya claims that if the ITDC becomes a center for investment in Bali, those wishing to make such investments will no longer need to travel to Singapore. The Minister said companies involved in banking, insurance, multi-finance and the money market sectors could be gathered together at Nusa Dua.

The Minister’s comments did not touch on the need for regulatory and tax reform that many would argue would be the precursors of any plans to turn Bali into a finance and trade center.


 


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