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 · Balinese Economy to Grow in 2011
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

Balinese Economy to Grow in 2011

Bank Indonesia Predicts 6% Growth in Bali's Economy in 2011.


Bali News: Bali, Indonesia, Bank Indonesia, Economic Growth, Jeffrey Kairupan
Click Image to Enlarge

(12/27/2010)

Bank Indonesia says the Bali economy is projected to grow by 5.66% in 2011, despite predictions of sluggishness from some economic observers.

As reported by Bali Post, the chief of the Bali branch of Bank Indonesia, Jeffrey Kairupan, believes Bali is to some degree immune to the economic difficulties experienced in other parts of the globe and estimates growth may soar as high as 6.5% for the island in 2011. "The tourism sector will remain the barometer and main engine of the province. But in the coming year the improvement of the island's infrastructure must become the focus of policymakers," said Kairupan.

Kairupan said the traffic congestion affecting south Bali must be satisfactorily resolved in order to avoid economic growth being stymied. At the same time, the Bank Indonesia director said their was substantial enthusiasm and interest in infrastructure projects for Bali, saying, "I have received information that a number of investors, such as the Chinese, have declared an interest in investing in this sector."

Another Bali-based banking observer, Made Kembar Sri Budhi, is also convinced that Bali's economy will grow by more than 6% in 2011. He sees growth, however, fed more by consumptive spending rather than by new investment.

Further hope for growth in Bali's economy is fed by improvement in a number of foreign economies world-wide which will boost both tourism visits and export sales.

The economists pointed to the continuing failure of economic growth in Bali to lift the agricultural sector. Despite much lip service in official circles regarding the fundamental importance of agriculture, the development of Bali's agriculture sector has not kept pace with the island's rapid tourism 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
Support Bali’s Culture
Bale Banjar Culture Club Featuring Bali-Based Author Diana Darling on Sunday, June 10, 2018
(5/21/2018)
And Never the Twain Shall Meet
‘Debussy, Between East and West ‘ Concert Was Not at Advertised, But a Memorable Musical Evening by Any Measure
(5/20/2018)
Welcoming the World Cup with Song
Bali Community Choir to Appear at World Cup Celebration at Warung Mina in Kerobokan on Saturday, June 2, 2018
(5/20/2018)
Dining and Drinking Unequalled on Bali’s Kuta Beach
Unbeatable Quality and Value for Money at ‘Seafood Martini Friday’ Every Week at Sheraton Bali Kuta Resort Poolside
(5/20/2018)
The Bad News is the Good News
Bali by the Numbers: Q1 2018 Arrival Figures Show Bali Tourist Arrivals Back on Track After Temporary Setback Caused by Mount Agung
(5/20/2018)
Sad Adieu to Bamboo
Fire Destroys Major Bamboo Furniture Factory in Kusamba, Bali
(5/20/2018)
In the Event of a Water Landing
Four Young Misbehaving Passengers on Semarang to Bali NAM Air Flight Returned to Base
(5/20/2018)
Beyond Bali to Timor Leste
Timor Leste Wants Bali to Become Gateway for Tourism and Training Center for 1st New Sovereign State of 21st Century
(5/20/2018)
The Indian Market is Calling
“Pacto Goes to India 2018” – Travel Trade Show to the World’s 2nd Largest Nation
(5/20/2018)
Ocha for Ni and Tea for Two
Sakura Tea Ceremony and Sumo Wrestling Event at Hotel Nikko Bali Benoa Beach on June 10, 2018
(5/20/2018)
In Dire Straits
No Casualties Reported as Bali-East Java Car and Passenger Ferry Burns
(5/20/2018)
Get Under It!
New Underpass at Entrance to Bali’s Airport to Open in August 2018
(5/20/2018)
All [News]!