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 · Baliís Economy Poised to Slow
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

Baliís Economy Poised to Slow

Coming Fuel and Electricity Hikes for Bali Predicted to Reduce Economic Growth Rates


Bali News: Baliís Economy Poised to Slow
Click Image to Enlarge

(3/2/2012)

Plans by the government to soon increase the price of fuel and the basic cost of electricity are predicted to threaten projected growth rates for Bali’s economy. The impact of the predicted increasse in the cost of fuel and electricity will result in a correction in the island’s economy.

The chief of the Denpasar branch of Bank Indonesia, Jeffrey Kairupan, was quoted in Bisnis Bali, saying: “Yes, the new policies (electricity and fuel costs) will precipitate a significant increase in prices if the decision to introduce these price hikes is delayed, This fact will have a significant effect generally on the Bali economy.”

According to Kairupan, Bank Indonesia has yet to calculate the exact amount they expect economic growth rates to be slowed by higher fuel and energy costs. He said the current condition is complicated further by tensions in the Straits of Hormus in the Middle East, a major pathway for the distribution of the world’s fuel supply. The Bank Indonesia official warned that if the situation in the Middle East remains unresolved, world fuel prices might increase even further.

Saying the challenges of the world economy are becoming increasingly complex, Kairupan added, “all this will have a significant effect of the development of Bali’s economy in the future.”

This year, Kariupan explained, Bali’s economy is targeted to grow between 6.2-6.6% with tourism remaining the prime driver of growth. He said tourism would remain the island’s economic backbone. “Hopefully, the European economy will not have a significant effect on the number of tourists visiting Bali.

Let’s hope the people under stress in Europe will seek Bali to refresh themselves,” said the Bank Indonesia chief.
 


© 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
Murder at Bali Emerald Villas in Sanur, Bali
Long-Time Bali Resident Bob Ellis Murdered in What Police Believe was Murder-for-Hire Scheme Orchestrated by His Wife, Noor Ellis
(10/24/2014)
Fighting Malaria in Bali
Denpasar Health Officials Undertake Educative Steps and Fogging to Prevent Upswing in Dengue Fever Cases
(10/24/2014)
November Fuel Price Hike Increasingly Certain
Kompas.com Reports Premium Fuel Prices to Increase 46% on November 1, 2104
(10/24/2014)
Harmony Inside
A Solo exhibition by I Made Wiradana, "Harmony Inside" November 20 - December 18, 2014 at Ganesha Gallery Ė Four Seasons Resort Jimbaran
(10/24/2014)
Living in an Age of Contagion
Bali Isolates Patient Suspected of Contracting MERS-CoV
(10/24/2014)
Denpasar to Dili Daily
Garuda Starts Daily Flights between Bali and Timor Leste
(10/24/2014)
Picking Fave Ė orites
Archipelago International Opens 5th Favehotel in Bali
(10/24/2014)
Bali and Beyond: Reading on Borneo
Bookshelf: 'Looking for Borneo' Ė Insights into the Endless Beauty of the Worldís Third Largest Island
(10/24/2014)
Adolescent Desires
Australian Philip Robert Grandfield Deported to Australia After Six Years in Prison on Pedophilia Conviction
(10/24/2014)
Change Has Gotta Come
Putting Baliís Illegal Moneychangers Out of Business
(10/24/2014)
Itís Beginning to Look a Lotte Like Christmas
BIWA Christmas Bazaar at Lottte Mart Saturday, November 16, 2014
(10/24/2014)
Heinz's 100 Varieties of Indonesian Cuisine
Bookshelf: A New Approach to Indonesian Cooking by Heinz von Holzen
(10/20/2014)
All [News]!