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 · Storm Clouds Ahead for Baliís Economy
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

Storm Clouds Ahead for Baliís Economy

Noted Bali Economist Gusti Viraguna Bagoes Oka Urges Caution in 2013


Bali News: Bali, Indonesia, Bank Indonesia, economic predictions, Gusti Viraguna Bagoes Oka, electrical rates, fuel cost, inflation, Baliís economy
Click Image to Enlarge

(1/4/2013)

Bisnis Bali reports that despite a general air of optimism in 2013 regarding Bali’s economy, some genuine areas of genuine concern persist.

I Gusti Viraguna Bagoes Oka, a local economic observer, said on Sunday, December 30, 2012, that political tensions, increases in the cost of electricity, the cost of fuel and the uncertain global economy were all vulnerabilities to Bali’s economy that need to be considered.

Viraguna said the national political stage of 2014 and the election of Bali’s governor in 2013 will put demands on the attention of the nation, causing larger economic issues to be sidelined. Adding to the mixture, rising electrical and fuel costs and their possible impact on the growth rate of Bali’s economy cannot be ignored when assesing Bali's future prospects.

He said that Indonesia’s economy is in a state of fundamental change. The Republic is not longer an oil exporter but a net importer of the fossil fuels needed to meet rising consumer demand.

Looking further afield, Viraguna said the economic crisis in Europe is unlikely to be resolved anytime soon, resulting in stunted economic growth rates for China and India. A similar, negative lead-on effect reducing economic growth will also be felt in Indonesia as a whole and Bali in particular.

“Basically, Bali’s economy will be uncertain next year (2013),” warned Viraguna. He also urged careful monitoring of tourist arrivals. At the same time, he lamented that Bali is becoming a location for transnational crime such as narcotics and terrorism.

Bank Indonesia is predicting that the island’s economy will grow 6.6-7.1% in 2013.


© 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
... And the Law Won
Amokrane Sabet (49) French Expat Wanted for Questioning Shot Dead in Altercation with Bali Police
(5/2/2016)
End of an Era in Bali-Australia Tourism
Garuda Orient Holiday Australia Closing
(5/2/2016)
Plays Latin, Our Satin Doll
Jazz Legend Nits Aartsen to Perform at Casa Luna Restaurant in Ubud, Bali Sunday, May 22, 2016
(5/2/2016)
Slapping a Roaming Wrist
Noa Pardue Gets Off with Rp. 250,000 Fine for Stealing a Pair of Underwear from an Ubud Shop
(5/2/2016)
Taking Out the Garbage
PT NOEI Fired From its Management Role at TPA Suwung Rubbish Dump
(5/2/2016)
A Northern Approach to Bali
Governor to Issue Recommendation for Dwijendra International Airport in North Bali
(5/2/2016)
Solemen Fun Day at Waterbom Park
Solemen Dispenses Smiles and Fun Memories to Some of Baliís Most Downtrodden
(5/2/2016)
Saving the World, One Island at a Time
Lembongan Island Says No to Plastic on Earth Day 2016
(5/2/2016)
An Epitaph Written at Stones
Australian Teen Dies in Bali While Illegally Operating a Motorcycle
(5/2/2016)
Carmen Miranda: Hey, Thatís my Hat!
Balinese Village Build 2.5-Meter High Tower of Fruit as Offering to Monkeys at Alas Kedaton
(5/2/2016)
Be an Idol!
Open Mike Amateur Night for Aspiring Singers with the Bali Community Choir at The Onion, Sanur, Bali on Tuesday, May 17, 2016
(5/2/2016)
Sink and Win!
Emirates Airlines Sponsors Hole in One Extravaganza at Bali National Golf Resort
(5/2/2016)
All [News]!