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 · An Economic Strategy for Bali for 2009
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
Jln. By Pass Ida Bagus Mantra,
Jln. Pucuk 1 No. 70X
Denpasar, Bali
Indonesia

24h:
+62 (0)812 3819724
Tel:
+62 (0)361 464 032, +62 (0)361 471 0242

Bali Discovery

SITE PATA ASITA
Bali News

An Economic Strategy for Bali for 2009

Bali's Leaders Gather to Plot Strategies to Confront World Economic Crisis.


Bali News:
Click Image to Enlarge

(12/26/2008)

A discussion of Bali's economy for 2009 was convened on Wednesday, December 24, 2008 by Bisnis Bali including leading academics, banking officials, government officials and local business leaders.

Among the highlights of those discussions:

● Bali's economy will slow in 2009, growing at a rate of 4.5% down from a current rate of growth of 6%.

● The ailing U.S. Economy will have direct negative impact on Bali's exports for furniture and handicrafts.

● Local income will decline as tourist arrivals to Bali are expected to shrink in 2009.

● Declining tourism numbers may be offset, in part, by lower fuel costs dipping from highs of US$140 per barrel to US$40.

● Those in attendance called for unified thinking and action on the part of the government, stakeholders and the people to minimize the negative impact of the current financial crisis.

● Business participants complained that government policies were out of step with the current situation. While interest rates are down worldwide, they remain high in Indonesia.

● Plans to increase regional minimum salary levels by 11% in 2009 may represent a non-viable burden for local entrepreneurs.

● Tourism workers should focus their attention on markets less affected by the current economic downturn, such as Japan, China, the Middle East and India.

● Businesses should avoid borrowing funds denominated in U.S. dollars because of the weak exchange rate of the Rupiah at present.

● Emphasis should be placed on using local agricultural products to reduce reliance on imports.

● Provincial economies should be stimulated by higher spending on local development projects.

● Zoning and development rules must be enforced to pave the way for future development.


© 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
Itís a Jungle Out There!
The Ritz-Carlton, Bali Says ĎThank Youí to Agents and the Press with a Night Adventure Safari Night
(4/22/2018)
Spanish Conquistador Lands at Nusa Dua
The Westin Resort Nusa Dua, Bali Welcomes Spaniar Oriol Montal As General Manager
(4/22/2018)
Stayiní Alive in Bali
SkŚl Retro Night to Celebrate the 1960s, 1970s and 1980s at AYODYA Resort Bali on Saturday, June 2, 2018
(4/22/2018)
Defaming the Most Sacred
Follow an Act of Sacrilege at a Balinese Temple, Calls Grow to Ban Tourists from Entering Sacred Areas of Balinese Holy Places
(4/22/2018)
RIP: I Gusti Ayu Raya Rasmi 1939 Ė 2018.
The Queen Bee of Balinese Dance has Died
(4/22/2018)
Here Comes the Sun
Baliís Green School Receives Donation of Solar Panels to Take Campus Off the Power Grid
(4/22/2018)
Horses for Underground Courses
Plans Being Drawn for Additional Underpass Near Gatot Kaca Monument at Baliís Airport
(4/22/2018)
You Take the Long Road and Iíll Take the Short Road
Buleleng Regency Ready to Provide Land for Construction of a 1.8-kilometer Shortcut Highway Between Bedugul and Singaraja
(4/22/2018)
Itís Not Easy Being Green
Complaining Health and Crops are Affected, Celukan Bawang Residents in Demand Halt to Building Second Coal-Burning Power Plant in North Bali.
(4/22/2018)
Mythical Bird Scheduled for August Landing in South Bali
Garuda Wisnu Kencana Monument Promised to be Complete by August 2018
(4/22/2018)
The Cruelest Bite of All
Motorcycle Taxi Driver Who Had Tongue Nearly Bitten Off in Rape Attack Sentenced to 5.5 Years Prison
(4/22/2018)
A Sporting Chance
Bali Hopes to Win Bid to Host 2024 National Sports Games (PON-XX1)
(4/23/2018)
All [News]!