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
Tax as a Target
Bali Governor Wants Price Controls on Bali Hotels
(2/25/2017)
Close Every Door to Me
Sriwijaya Flight from China to Bali Returns to Guangzhou to Close a Door
(2/25/2017)
Connecting Communities Through Film
BALINALE Bali International Film Festival September 24-30, 2017
(2/25/2017)
Royals to Annoy All in Bali?
Bali Police Promise Extraordinary Security During Visit of Saudi Arabian King March 4-9. 2017
(2/25/2017)
When Your Girdle is Killing You
South African Woman Caught at Bali Airport with 1.1 kilograms of Methamphetamines Stashed in her Corset
(2/25/2017)
Grenier Prefers Greener
Hollywood Actor Adrian Grenier Comes to Bali to Lobby for Clean, Plastic-Free Oceans
(2/25/2017)
Take it to the Bank
Government Asks World Bank and Udayana University to Mediate Benoa Bay Reclamation Controversy
(2/24/2017)
Massive Monarchial Movement
Eight Aircraft to Bring King of Saudi Arabia and Party of 1,500 to Bali for Holiday Visit March 4-9, 2017
(2/25/2017)
Rp. 16 Million = 5 Years of Jail Time
Police to Charge American Expat Paul Hoffman with Armed Robbery for Series of Convenience Store Robberies
(2/24/2017)
Prepared for Tourism Takeoff
Transportation Minister Outlines Massive National Airport Development Program
(2/24/2017)
A Night for the Birds
More than Rp. 20 million Raised at Bali Starling Night at Big Tree Farm by Begawan Foundation
(2/24/2017)
Giving Busses the Business in Bali
Plans Under Review to Limit Maximum Bus Length in Kuta, Bali to 5 Meters
(2/24/2017)
All [News]!