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 · Bali Overcomes World Financial Crisis
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 Overcomes World Financial Crisis

Bali's Rising Tourism Numbers Help Island Weather Financial Crisis, While Feeding both Growth and Inflation.


Bali News: Bali Overcomes World Financial Crisis
Click Image to Enlarge

(4/17/2010)

Antara, the national news agency, quoted Bali's governor Made Mangku Pastika as complaining that tourism, the backbone of the island's economy, is highly sensitive to rumors and innuendo, particularly in the areas of health and terrorism.

Said Pastika: "Every effort has been made by the provincial government to restore the local economy. What's needed now is to get the real economy rolling through investment and trade."

The governor was speaking during the opening of a National Coordination Meeting on Ways to Control Provincial Inflation held in Kuta.

While enumerating economic measures implemented by his administration, Pastika spoke of the support extended to small and medium-sized enterprises, the creation of new employment opportunities and steps to improve the climate for investment. "We have also guaranteed the availability of facilities for production and marketing of local products, established an international standard of security and safety, and moved to increase the per capita income of the general public," added the governor.

To Bali's credit, Pastika pointed out that Bali had managed to largely escape the effects of the worldwide economic crisis that began in mid-2008. "Bali managed to face down the global financial crisis. One indication of this was a rate of economic growth for the island that was higher than the national inflation rate, " he said, while adding that since March 2009, the rate of inflation in Bali has surpassed the national rates of inflation.

For March 2010 (year-on-year) Bali's inflation rate reached 3.64% which is higher than the corresponding nation-wide inflation rate of 3.43% for the same period.

Continuing his analysis, Pastika said, "the inflation rate keeps apace with the rate of economic growth for Bali. In 2009 the rate of growth in Bali was 5.33%, higher than the national average growth rate of 4.5%."

Bali's somewhat higher rates of inflation, according to the governor, are not divorced from the island's success in the tourism sector. High visitor levels result in higher demand for food commodities.

To meet the high level of demands, Bali is dependent on supply lines from outside that form an essential business connection with the outside world.


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.


 
UBUD WRITERS & READERS FESTIVAL
 
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
Bolllywood is Calling!
Indian Consul General to Bali Invites Indian Film Industry to Shoot Film Projects in Bali
(8/27/2014)
Tourists Who Shop ‘Till They Drop
Indonesia Needs More Great Sales and Events to Expand Tourist Travel
(8/27/2014)
Major Bali Condotel Deal Signed for Jimbaran
121-Room and 121-Suite Springhill Condotel at Green Jimbaran to be Managed by Australian Mantra Hotels Group
(8/27/2014)
GWK Reopens
Demonstrators Reopen Access Road to Garuda Wisnu Kencana Park in Bali
(8/26/2014)
Join a Table of Chefs
Bali Culinary Professionals Monthly Gathering August 30, 2014 at Basilico Prama Sanur Beach Restaurant.
(8/25/2014)
Roadblock Ahead
Angry Local Residents Close Access Road to Garuda Wisnu Kencana Park in Bali
(8/24/2014)
Chefs Who Play Golf
Bali Culinary Golf Tournament January 18-20, 2014
(8/24/2014)
Coming Bubble for Condotels in Bali?
Bali to Soon Have 13,000 Condotel Units
(8/24/2014)
Better Safe than Sorry
Bali Hotels Warned to Obtain Security Management Certification
(8/25/2014)
Winning Combination
Joko Widodo & Jusuf Kalla Declared Winners of Presidential-Vice Presidential Race by Indonesian Constitutional Court
(8/24/2014)
Presidential Summit
President SBY and President-elect to Hold First Confab in Bali August 27-28, 2014
(8/24/2014)
Lost and Presumed Dead
2 Presumed Lost as Search Abandoned for Survivors of Komodo Cruise Boat Sinking Near Sangeang Island
(8/25/2014)
All [News]!
 
Tourism and Transport Tourism Agents