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
Jln. By Pass Ida Bagus Mantra,
Jln. Pucuk 1 No. 70X
Denpasar, Bali
Indonesia

24h:
+62 (0)812 3819724
Tel:
+62 (0)361 464 032, +62 (0)361 471 0242

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.

       

 
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
Working to Preserve and Promote Bali Arts
Bale Banjar Culture Club to Feature Peter J. Wilson and Made Sidia Ė World Renowned Producers of Balinese Stage Performances
(4/15/2018)
Does Bali Already Have a Second International Airport?
Editorial: A Practical Perspective on a Second Airport for Bali
(4/15/2018)
Shopping on Touchdown in Bali
New Duty Free Shopping Area for International Passengers Arriving in Bali
(4/15/2018)
Seeking Wider Horizons of Understanding
TEDxUbud Event Set to Stimulate Innovation and Creativity on Saturday, May 5, 2018
(4/15/2018)
Keeping the News Cycle Positive
Udayana Military Commander Calls on Media to íSelf-Censorí and Avoid Controversial Reporting in Run-Up to IMF-World Bank Meeting
(4/15/2018)
Fugitives No More
Fugitive German and Indonesian Wife Captured by State Prosecutors to Start Serving Prison Sentences Handed Down in Bali Property Scam
(4/15/2018)
Enhancing the Quality of Bali Visitors
Tourism Ministry Outlines How Bali Can Attract Higher Quality Tourist Visitors
(4/15/2018)
Roll Out the Barrels
Australian Government Assisting Bali in Conquering Mounting Trash Problem
(4/15/2018)
The Rainbow Connection
Green Peaceís Rainbow Warrior Uses Bali Visit to Fight Coal-powered Electricity, Plastic Pollution and Lend Support to ForBALIís Fight Against Reclamation of Benoa Bay
(4/15/2018)
Friday the 13th in Bali
Tourist Bus Kills One Man and Damages 6 Cars and 2 Motorcycles in Spectacular Chain-Collision Near Baliís GWK Monument
(4/15/2018)
3-Month Sticker Visas for Vehicles Visiting Bali
Bali Government Seeking to set 3-month Limit on the Amount of Time Cars Registered Outside Bali can Spend in the Province
(4/15/2018)
Shown the Door
North Bali Immigration Deports Dutch Husband and Wife for Illegally Operating Two Rental Villas
(4/15/2018)
All [News]!