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 · Dirty Money
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

Dirty Money

Is Bali’s Hotel & Villa Building Boom Tied to Money Laundering?


Bali News: Bali, Indonesia, Money Laundering, Hotel, villas, Buidling boom, Udayana University, IKG Bendesa
Click Image to Enlarge

(8/17/2012)

An economist from Bali’s Udayana University, Professor IKG Bendesa, is calling on the regional governments to be vigilant in guarding against illegal money laundering practices in the construction of new tourist accommodation in Bali.

Quoted in the National News Agency Antara, Bendesa, speaking at a seminar on the “Critical Analysis of Development to Achieve Public Welfare,” said: “In Bali there is an explosion of hotels offering room rates below Rp. 300,000 per night. In this condition, these properties should be suffering losses, but in reality they continue to survive. It is not inconceivable that these accommodation investments are the result of laundered money and corruption."

The assistant Rektor of Udayana University lamented that despite a moratorium on new hotels in Bali by the provincial government of Bali, the additional of more accommodation is happening at an uncontrolled pace amidst declining occupancy rates and tariffs reflecting unhealthy competition between hotels.

Bendesa added: The government has no blue print for hotel accommodation; not because of regional autonomy but because the of unhealthy governance. “

Villa mushroom everywhere, he explained, but these new projects fail to bring new sources of income and employment. The government, he accused, is unable to control outcomes in either the areas of  finance or employment.

“These are indications of an underground or shadow economy creating ill effects on the region’s economy. There is the possibility that those involved in money laundering are purposely investing their fund into hotels and property in Bali.” he said.


© 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
Ending Aids Together
Bali Holds Nighttime Rally to End AIDS
(5/20/2017)
Caught in the Act
Police Arrest Security Guard and Tour Guide in Airport Security Sting in Bali
(5/21/2017)
Illegal Workers in Bali
Bali Immigration Authorities Arrest Four Mainland Chinese Working Illegally in Downtown Denpasar
(5/20/2017)
A Compound Sentence
Australian Sara Connor Has Sentence for Murder of Balinese Cop Increased on Appeal
(5/20/2017)
Death at Nusa Lembongan
Chinese Tourist Dies After Snorkeling Outing at Nusa Lembongan
(5/20/2017)
Smooth as Silk at the Inna Grand Bali Beach
Thai Airways Inaugurates Remodeled Premises at Inna Grand Bali Beach Hotel
(5/21/2017)
Series of small Earthquakes in North Bali
Series of Mini-Earthquakes Cause Limited Damage at Tejakula, North Bali
(5/20/2017)
Fly and Re-tire
Lion Air Tire Failure on Landing at Jakarta’s Soekarno-Hatta Airport Prompts Call for Safety Review
(5/21/2017)
Luca is Now ‘Buka’ in Bali
Bvlgari Il Ristorante –Luca Fantin Opens at Bvulgari Resort Bali
(5/21/2017)
Limits to Growth
Tourism Association Says Urgent Need for More Carrying Capacity at Bali Airport
(5/20/2017)
The Flip Side of Being a Fisherman in Bali
Bali Fisherman Complain Growing Dolphin Populations are Seizing their Catches
(5/20/2017)
Sanur Awash with Large Snakes
3 Large Snakes Discovered in a Single Week in Sanur Area of Bali
(5/21/2017)
All [News]!