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 Overly Dependent on Tourism Business
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 Overly Dependent on Tourism Business

Leading Economist Calls for Greater Diversification in Bali's Tourism-fixated Economy.


Bali News:
Click Image to Enlarge

(9/24/2007)

As reported in the authoritative Indonesia Digest, Bali economist, Prof. Nyoman Erawan has recently predicted that Bali's rate of economic growth may reach 6% in 2007.

According to Erawan, while the island's economy is gradually improving, such growth remains precarious when dependent solely on business trends in the tourism sector. In comments carried in the Bali Post, He warned that Bali must develop other sectors, such as agriculture, which can provide a significant contribution to public welfare.

The respected economist from Bali's Udayana University also predicted that Bali's economy will continue to grow a rate above 6% in 2008 and beyond, as long as the province's economic stability is guarded and other sectors beyond tourism are developed.

The Director of Bank Indonesia in Denpasar, Bali, Ketut Sanjaya, agrees with this assessment. Compared to neighboring provinces, Bali recently achieved a 5.27% economic growth rate while in adjoining West Nusatenggara the economy expanded by only 1.65%, East Nusatenggara by 4.96% and East Java by 5.5%.

Sanjaya is confident that Bali's economy will continue to improve this year, although still dominated by the trade, hotel and restaurants, transportation and communications sectors.

Bali's banking sector also improved standing at Rp. 24 trillion (approximately US$2.6 billion) in assets until June 2007, up from Rp. 15.63 trillion (approximately US$1.7 billion) at the same time last year. Growth remains dominated by consumption (at 42%) compared to investments which reached only 4%, according to the Bank Indonesia official.


© 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
Happily Never After
Chinese Mainland Bride Drowns on South Bali Beach During Pre-Wedding Photo Session
(8/29/2015)
Vials of Salvation Now Available
Bali Health Department: Bali Has Enough VAR Vaccine for Three Months to Come
(8/29/2015)
Illegal Excavation on Ungasan Peninsula
Police Check Reveals PT Bali Raga Wisata Project Undertaking Illegal Excavation of Ungasan Cliff Face
(8/29/2015)
In the Event of a Tsunami
Tsunami Evacuation Plan Established for Nusa Lembongan
(8/29/2015)
Recognizing Tourism Achievement in Bali
38 Winners of Bali Tourism Awards 2015 Announced
(8/29/2015)
A Bitter Cup?
French Tourist Claimed the Was Poisoned Shortly Before Dying in Kuta Hotel Room
(8/29/2015)
The Golden Fleece
Investigation Underway in Bali of Alleged Extortion Involving Chief of the Kuta Police Precinct
(8/29/2015)
Best Things in Life are Sometimes Free
One Night Performance of Bharatanatyam Indian Classical Dance by Manjula Amaresh in Peliatan, Bali on Thursday, September 10, 2015
(8/29/2015)
Rooms? Do We Have Rooms!
Collier International Provides an Overview of New Hotel Openings in Bali
(8/28/2015)
Head of the Class
Bali Hai Cruises and West Australian Rotary Club Assists Grade School on Nusa Lembongan
(8/28/2015)
Fueling Expectations
Governor Pastika Open New Power Plant in Denpasar and Asks for Rp. 100 million Daily “Donation” from PT Indonesia Power
(8/28/2015)
Exercising the Vote, Not the Muscle
More than 12,000 Police to Ensure December Regional Elections in Bali Held without Incident
(8/28/2015)
All [News]!