Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Bali's Rag Trade in Tatters
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

Bali's Rag Trade in Tatters

Bali's Local Textile Association Report 15,000 Layoffs and Widespread Bankruptcies Following the 2005 Bali Bombing.


Bali News:
Click Image to Enlarge

(7/29/2006)

The downturn in the Balinese economy following the second Bali bombing on October 1, 2005, has had a disastrous effect on the Island's garment industry which, according to a report in the Indonesian-language Tempo Interaktif is near collapse. According to the report, of 120 businesses in the garment trade prior to the bombing 70 are bankrupt due to declining orders from both international and domestic customers.

"Our situation is critical," said the Chairman of the Indonesian Textile Association (API), Mahendra, who estimates that through July 2006 some 15,000 textile workers have lost their jobs. Moreover, according to the API Chairman, there have been no steps by the government to alleviate the situation.

Mahendra laments that the textile sector is burdened by high interest rates and the lack of any tax relief, despite the current depressed economy. This is in sharp contrast to the period following the 2000 bombing of the World Trade Center (WTC) when local government deregulated the textile sector and reduced interest rates in order help Bali garment operators survive and avoid mass layoffs.

Mahendra called on the government of Bali to take a more proactive role by lobbying Bank Indonesia and the general banking community to help to help correct the current situation.


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.

       

 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Cherish the Children
4th Asian Forum on the Rights of Child Hosted at Bali Safari and Marine Park
(11/28/2016)
A Holiday that Sparkles Like a Jewel
Celebrate The Holiday Season At The John Hardy Ubud Workshop & Showroom
(11/27/2016)
That’s the Lot
Tanah Lot On Target to Receive Record Number of Visitors for 2016
(11/27/2016)
Missing Punters
Water Sports Operator at Tanjung Benoa at a Loss to Explain Sudden Downturn in Business
(11/27/2016)
Keeping AIDS at Bay with ARV in Bali
Bali Supply of ARV to Manage HIV Cases in Bali is Sufficient
(11/27/2016)
License and Registration, Please
Gianyar, Bali Police Ticket 1,500 Motorists in First Nine Days of ‘Operasi Zebra Agung’
(11/27/2016)
One out of a Dozen
Only One Minister Out of 12 Invited Show Up for One Day Study Tour of Nusa Penida
(11/27/2016)
The Capital of Merriment at Year’s End
Denpasar Festival December 28-31, 2017
(11/27/2016)
Bless Our Beasts, Great and Small
‘Tumpek Kandang' – A Day Dedicated to Animals Celebrated at Bali Safari & Marine Park
(11/27/2016)
Eliminating Japanese Encephalitis in Bali
Bali Selected for Japanese Encephalitis Vaccine Pilot Project in 2017
(11/27/2016)
Narrow Squeak with the Law
Australian Teenager Flies Home to Australia After Spending Two Days with Bali Police After Suspicious Substance Found in His Possession
(11/27/2016)
Tourism Needs a Firm Foundation
North Bali Tourism Needs Infrastructure Support
(11/27/2016)
All [News]!