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.

       

 
Plaga Wine
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
Out for a Night, Out for a Week
Australian Tourist Target of Violent Attack at Sky Garden in Kuta, Bali
(4/25/2016)
Foreign ‘Ownership’ of Land in Indonesia
New Government Decree Issued on Foreign Land Ownership in Indonesia
(4/25/2016)
Purple Drains, Purple Drains
PDAM Answers Fears that Tukad Badung Pollution is Contaminating Denpasar’s Water Supply
(4/25/2016)
Waiting for the Next Big One
Experts Say Bali at High Risk of Earthquake and Tsunami
(4/25/2016)
Take Our Advice: Bali’s the Best!
TripAdvisor Heaps Honors on Bali as Best Island in Asia and 5th Best Island in the World
(4/25/2016)
World’s Police Officers to Meet in Bali
Annual General Meeting of INTERPOL to be Held in Bali in November 2016
(4/25/2016)
Bali Airport Ranked Among the Very Best
Bali’s Ngurah Rai Airport Named 3rd Best Among Airports Serving 15-25 Million Passengers Per Year
(4/25/2016)
Fire in Seminyak
Two Rooms Damaged by Fire in Under-Construction Portion of Alila Seminyak Hotel
(4/25/2016)
Caught by the Seat of his Pants
Young American Tourist Caught Shoplifting from Ubud, Bali Store
(4/24/2016)
Nurturing Mother Nature
Honoring the Earth and Educating a Coming Generation at Bali Safari and Marine Park on Earth Day 2016
(4/24/2016)
A Bad Neighbor
Unrest at Bali’s Main Prison Reignites Calls for Relocation of Kerobokan Penitentiary
(4/24/2016)
Bottled Up Anxiety
21 Bali Police Officers Identified as Narcotics Users in Operasi Bersinar Agung 2016
(4/24/2016)
All [News]!