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.

       

 
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
When Meeting Planners Meet
‘Thank You’ Party held for Members of the Bali MICE Initiative
(2/7/2016)
A Record Year
Bali by the Numbers: Bali Tops 4 Million Visitors in 2015
(2/7/2016)
Enter the Year of the Monkey
Bali Expecting a Surge in Chinese Visitors for Lunar New Year
(2/7/2016)
When Helping Others is Highly Fashionable
Bali Smile Foundation Fashion Show Sales and Fund Raiser in Ubud, Friday, February 26, 2016
(2/8/2016)
The Evil of Advertising
Denpasar Government Begins to Dismantle Roadside Advertising for Cigarettes
(2/7/2016)
Reclaiming Sanity
Tourism Experts Warn Reclamation of Benoa Bay will Only Worsen Critical Over-Supply of Hotel Rooms in Bali
(2/7/2016)
Interview: Rainy Hendriany – Foreign Ownership Update
Foreign Property Ownership in Indonesia – One Step Forward and Two Steps Back?
(2/8/2016)
Half a World is Now Just One Flight Away
United Airlines to Introduce 15-Hour Non-Stop San Francisco to Singapore in June 2016
(2/7/2016)
London Calling
Garuda Indonesia to Fly to London from Jakarta Starting March 31, 2016
(2/7/2016)
Drawing Lines in the Sand
Villagers Issue Deadline Ultimatum of March 20, 2016 to Hotel InterContinental Canggu
(2/7/2016)
Pass the Popcorn!
10th BALINALE Bali Film Festival September 24-30, 2016
(2/7/2016)
Tiger Shows it Stripes
TigerAir Reveals the Look of Planes to be Operated on Oz to Bali flights.
(2/7/2016)
All [News]!