Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · BTDC Investing in Lombok
Bali Hotels, Bali Villas and Bali News from
Bali Hotels
Bali Villas
Special Deals!
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
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

++62 361 286 283

++62 361 286 284

U.S.A. Fax:(toll free)

U.K. Fax:

Australian Fax:

++62 812 3819724

Bali Discovery

Bali News

BTDC Investing in Lombok

Indonesian Lawmakers Make Funds Available to Keep 1,175 Hectare Tourism Development in South Lombok on Track.

Bali News:
Click Image to Enlarge


The Indonesian House of Representatives (DPR) have approved a grant of Rp. 297 billion (US$25.2 million) for the PT Bali Tourism Development Corporation (BTDC) in connection with their ongoing joint venture in Lombok with the Timur Tengah Emaar Properties LLC.

As reported by, the value of the DPR's grant represents the variance between the fair market value and the book value of the 1,175 hectare parcel of land held by PT BDTC in the Regency of Lombok Tengah. The land represents the 15% participation of PT BTDC in its joint venture with Emaar Properties.

The land parcel was once owned by the Lombok Tourism Development Corporation (LTDC) and held under receivership by the PT Perusahaan Pegelola Aset (PPA). Indonesia's Minister of Finance, Sri Mulyani, stated that the fair market value of the land is Rp. 557.6 billion (US$47.25 million) while the asset value acceptable to the investor is the book value of Rp. 260 billion (US$22 million).

According to the Finance Minister speaking before Commission XI of the DPR: "The variance of Rp. 297.6 billion is being called a 'grant.' This is necessary because any amount in excess of Rp. 100 billion can only be expended with the approval of the DPR (House of Representatives)."

Sri Mulyani told the press that the provision of the grant as an incentive to cover the value variance forms a part of the government's policy to attract foreign investors to Nusa Tenggara Barat. "The grant is an incentive given by the government in the form of a discount on the value of the land," explained Sri Mulyani, adding that she hoped the Emaar Properties project would bring other investment linkages which would allow the Lombok project to go ahead.

PT BDTC is the government-owned company that operates the Nusa Dua Complex in South Bali.

© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to


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
Trip the Light Fantastic
Tango in Paradise – Masters of Dance to Perform in Bali Saturday, November 26, 2016
RIP: Sri Pitono: 1964-2016
Veteran Bali Travel Industry Member Sri Pitono Dies at Age 52
A Fatal Fall
English Hiker Falls to His Death on Mount Abang in Bali
Fatally Flawed Connection
Nine Dead and Many Injured as Pedestrian Bridge Collapses Connecting Nusa Lembongan and Nusa Ceningan
Bali’s Better on a Bicycle
Bali is the venue for a Cross Country Cycling event scheduled for Saturday, November 19, 2016
Forgive, But Never Forget
Governor Pastika Calls for Forgiveness at 14th Anniversary of 2002 Bali Bombing
When a Lake Becomes a Trash Bin
People of the Ancient Village of Terunyan at Lake Batur in Bali Discard Garbage in the Lake as Garbage No Longer Collected by Local Authorities
Bridges are Falling
Bridge Collapse in West Bali Isolates Communities and Businesses in Tabanan
Be of Good Cheer!
Rotary Club Bali Ubud Sunset Christmas Buffet Fundraiser on Sunday, December 4, 2016
Baksheesh Relief?
Special Team Formed to Battle Illegal Kickbacks Paid to Bali Police
Aborted Landing
Bali Airport Closes for 1.5 Hours to Make Emergency Runway Repairs
Charity as a Stretch
Westin Resort Nusa Dua, Bali hosts Family Yoga Session on the Beach for UNICEF on Sunday, November 27, 2016.
All [News]!