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 · The Booming Economy of Bali
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

The Booming Economy of Bali

Strong Tourism Industry Continues to Fuel Economic Growth Rates in Excess of 6% for Bali


Bali News: Bali, Indonesia, Kadin, Indonesian Chamber of Commerce, Dolly Sutajaya, Indonesian Employers Association, Apindo, economic growth, Jeffrey Kairupan, Panudiana Kuhn, Bank Indonesia, Consumer Spending
Click Image to Enlarge

(11/20/2011)

Bali’s strong tourism-based economy is expected drive economic growth for the island ending the year at 6.65%. But concerns persists that expectations of robust growth may be tempered by rising inflation and other deleterious factors.

Jeffry Kairupan, the head of Bank Indonesia in Bali, said interim figures for Q4 of 2012 remains strong, reliant primarily on the transportation and service sectors. Current indications are that Bali will end the year achieving growth  of between 6.16-6.65%.

According to Kairupan, Q3 2011 economic results for Bali improved slightly over Q2.

Q3 2011 also saw strong consumer demand, albeit slightly reduced from Q2. Consumers spent well in Q3, driven to do so by the high number of religious festivals and holidays. Celebrations tied to the end of the academic year were also seen to have stimulated people in Bali to go shopping.

Meanwhile, the vice-chairman of the Indonesian Chamber of Commerce (Kadin) in Bali, Dolly Sutajaya, sad that the macro-economic woes in Europe and Greece, although worrisome, have yet to had any effect in Bali.

The Chairman of the Indonesian Employers Association (Apindo) for Bali, Panudiana Kuhn, told the press that Bali’s economy continues to expand in concert with the development of the island’s infrastructure. Adding, “at this time, Bali’s economy is impeded by delayed infrastructure development, particularly as regards public facilities.”

Public facilities, such as roadways and airport are frustrating efforts to expand Bali’s economy, claimed Kuhn. He said roadways in Bali are too small and cause traffic jams. “The airport for Bali, found only in the south, is hampering the economic expansion of Bali’s north,” he explained.

Kuhn also complained that a complicated and confusing regulatory environment make it unclear who can authorize major infrastructure projects, citing problems encountered by toll ways and airport projects currently being pursued in Bali.


© 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
Bali’s Better on a Bike
Denpasar, Bali to Host International Cycling Road Race November 25-27, 2017
(9/23/2016)
Reading & Writing Celebrated for 13th Year at Bali Festival
Humanity in Unity at the 2016 Ubud Writers & Readers Festival October 26-30,2016
(9/23/2016)
Averting an Explosive Ending?
30 Tons of Explosive Ammonium Nitrate Seized from Boat Sailing from Malaysia to East Bali
(9/23/2016)
Denpasar in a Jam
WAZE Declares Denpasar, Bali Traffic Among the World’s Worst
(9/23/2016)
Did Franky Commit of Hanky-Panky?
Head of Narcotics Division at Bali Police Suspended and Under Arrest on Suspicion of Misuse of Funds and Extorting Drug Suspects
(9/23/2016)
A Family of Rhinos in Bali
Celebrating World Rhino Day with a Very Special Group of Children at Bali Safari & Marine Park
(9/23/2016)
Prepare for Congestion
Traffic Alert: Expect Traffic Jams on Wednesday, September 29, 2016, Due to Online Transport Operators Mass Protests
(9/23/2016)
It’s Beginning to Look Alot Like Christmas
Now’s the time to Book your Holiday Season Promotion with Bali Discovery!
(9/18/2016)
Gili Cat II Fast Ferry Disaster
Two Confirmed Dead and 33 Injured in Bali Fast Ferry Accident at Padang Bai
(9/18/2016)
The Importance of Bee-ing
Island-Wide Initiative Launched to Reverse the Declining Bee Populations in Bali and all of Indonesia
(9/18/2016)
Simple Truths, Plainly Spoken
Chairman of Bali-APINDO Suggest Bali’s Tourism Development is Badly Out of Synch
(9/18/2016)
By Design, Annually
Ayodya Resort Bali to Hold ‘Ayodya Batik Festival 2016’ October 7-9, 2016
(9/18/2016)
All [News]!