Close
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
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

An Economic Strategy for Bali for 2009

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


Bali News: An Economic Strategy for Bali for 2009
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
Dogged till the End
Bali Quarantine Officials Euthanize 31 Dogs Seized from Animal Smugglers
(4/19/2014)
Hastie Rise to the Top
Hard Rock Hotel Bali Andrew Hastie – Executive Assistant Manager Food & Beverage
(4/19/2014)
The Wines of Medoc in Bali in May
Château Montrose Wine Dinner at Mulia Soleil Restaurant on Tuesday, May 6, 2014
(4/19/2014)
Nigel at 70
Bali Adventure Tours’ Nigel Mason Celebrates his 70th Birthday in Considerable Style
(4/18/2014)
Where to Eat in Ubud?
Australian Financial Review: Five Restaurants of Note in Ubud, Bali
(4/18/2014)
We Get Our Kicks from Champagne
Bollinger Champagne Dinner at Sundara Restaurant on Monday, June 2, 2014
(4/18/2014)
Will You Gather at the River?
Last Reminder: Bali Remembers – Pan Am 812 Commemorations
(4/19/2014)
Nuts to You
U.S. Ambassador Pays Tribute toPoverty Eradication Role of Cashew Production Factory in East Java
(4/18/2014)
Willkommen in Indonesia!
Easier Access to Indonesia for German Visitors with Resumption of Lufthansa Service to Indonesia
(4/19/2014)
Lady Justice Paks a Gun
Bali’s Only Female Regional Police Chief Calls for More Women to Join the Police Force
(4/19/2014)
Ollie Ollie Umphrey
Ownership Battle Underway at LV8 Hotel in North Kuta, Bali
(4/19/2014)
Dreamliners to Paradise
Qatar to Start Non-Stop Daily Flights Doha to Bali on July 21, 2013
(4/19/2014)
All [News]!
 
Tourism and Transport Tourism Agents