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 Economy to Remain Strong in 2010
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 Economy to Remain Strong in 2010

SME's and Tourism Business Continue to Drive Bali's Economy with Experts Calling for More Emphasis on Agricultural Sector.


Bali News: Bali, economy, tourism
Click Image to Enlarge

(1/11/2010)

Based on projections produced by the Denpasar office of Bank Indonesia (BI), The Jakarta Post reports that Bali's economy is expected to remain robust through 2010.

Jeffrey Karipuan, a Bali-based economist with Bank Indonesia said: "We are optimistic Bali's economy for 2010 will remain strong following solid performance during 2009. Since the third quarter last year, the growth reached 4.17 percent." He cited small-medium sized enterprises (SME) as having added that SMEs have provided positive multiplying effects on the island's economy. Adding, "the SMEs also dominate bank loans, with 80 percent of total loans disbursed to the sector. They have proven to be resilient in facing crises."

Bank loans in Bali increased 20 percent over 2009, as compared to a 6% growth rate in loans nationally.

The overall loan structure in Bali is dominated by consumption and capital expenditure. "Most of the loans are spent for consumption and capital expenditure. Only small parts are channeled for investment," Jeffrey said.

The buoyancy of the SME sector was also demonstrated by the relative absence of non-performing-loans (NPL) within that sector of the economy. NPL's in Bali stood at 2 percent, a figure below the 3 percent rate for loans given to bigger businesses.

According to Bank Indonesia, economic growth in Bali is fueled by hotels and restaurants, contributing 80% of all growth on the island.

The agricultural sector continues to lag, failing to realize its hidden potential. 60-70% of the agricultural products consumed in Bali come from Java, West Nusa Tenggara and overseas.

Economists are calling on Bali's government to lend greater support to the agricultural sector by providing incentives to farmers. Only 600,000 Balinese are estimated to still work the land in Bali with many shifting their source of employment to the hotel and tourism sectors.


© 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
Sandalwood and Jasmine under SailSensation
SailSensation Launches Thrice-Weekly Indian Themed Dinner Cruises
(3/2/2015)
Women Transforming the World from Bali
International Women’s Conference to Be Held in Nusa Dua April 5-6, 2015
(3/1/2015)
The Importance of Lighting Rods
West Bali Man Suffers Burn After Lightning Strike While Urinating Under a Coconut Tree.
(3/1/2015)
Pay More at the Door
Bali Plans to Charge Foreign Visitors More When Visiting Provincial Tourism Objects
(3/1/2015)
Less Time in Lines at Bali’s Airport
Bali Airport Adding 4 More VOA Desks to Speed Processing Time on Arrival
(3/1/2015)
Bali’s Fading Identity
Bali Investors Accused of Giving Short Shrift to Balinese Architectural Finishes, Cultural Values and Environmental Sustainability.
(3/1/2015)
Life’s a Breeze in Nusa Dua
Ritz-Carlton Bali Hosts Industry and Media to Beachside Cocktails
(3/2/2015)
Allowing Bali to Compete Internationally
Ngurah Rai International Moves Up Dramatically in Rankings of the World’s Airport to Number 60
(3/1/2015)
A Bachelor’s Party in Paradise
ABC Television Episode of ‘The Bachelor’ Features Romance at The Mulia Resort and Villas in Bali
(3/1/2015)
Leave Your Valuables at Home
Tourism Industry Asked to Warn Bali Visitors of US$250 Value Limit on Personal Items
(3/1/2015)
Teaching the Rules of the Road
Bali Opens a ‘Traffic Park’ to Teach the Public How to Drive Safely
(3/1/2015)
Women in Love
‘Women in Love’ Solo Exhibition by Teguh Ritma Iman at Ganesha Gallery in Bali March 10 – May 14, 2015
(3/1/2015)
All [News]!