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
Cherish the Children
4th Asian Forum on the Rights of Child Hosted at Bali Safari and Marine Park
(11/28/2016)
A Holiday that Sparkles Like a Jewel
Celebrate The Holiday Season At The John Hardy Ubud Workshop & Showroom
(11/27/2016)
That’s the Lot
Tanah Lot On Target to Receive Record Number of Visitors for 2016
(11/27/2016)
Missing Punters
Water Sports Operator at Tanjung Benoa at a Loss to Explain Sudden Downturn in Business
(11/27/2016)
Keeping AIDS at Bay with ARV in Bali
Bali Supply of ARV to Manage HIV Cases in Bali is Sufficient
(11/27/2016)
License and Registration, Please
Gianyar, Bali Police Ticket 1,500 Motorists in First Nine Days of ‘Operasi Zebra Agung’
(11/27/2016)
One out of a Dozen
Only One Minister Out of 12 Invited Show Up for One Day Study Tour of Nusa Penida
(11/27/2016)
The Capital of Merriment at Year’s End
Denpasar Festival December 28-31, 2017
(11/27/2016)
Bless Our Beasts, Great and Small
‘Tumpek Kandang' – A Day Dedicated to Animals Celebrated at Bali Safari & Marine Park
(11/27/2016)
Eliminating Japanese Encephalitis in Bali
Bali Selected for Japanese Encephalitis Vaccine Pilot Project in 2017
(11/27/2016)
Narrow Squeak with the Law
Australian Teenager Flies Home to Australia After Spending Two Days with Bali Police After Suspicious Substance Found in His Possession
(11/27/2016)
Tourism Needs a Firm Foundation
North Bali Tourism Needs Infrastructure Support
(11/27/2016)
All [News]!