BTDC Named Bali's Best State-Owned Enterprise

(12/30/2005)

A national business publication Majalah Investor (Investors Magazine) has named the Bali Tourism Development Corporation (BTDC) as Indonesia's best state-owned enterprise in the sub-category of non-financial instructions.

Commenting on the award in the Indonesian-language Bali Post, the President Director of the BTDC, Ir. Made Mandra, said, "We feel at once proud and challenged to continue to improve our performance in the years ahead."

Commenting on BTDC's performance in 2005, he explained how the corporation, which earns its revenues from a formula based on a share of revenues from hotel rooms sold by its hotel tenants and a fee based on the land utilized by each tenant, will net a profit approaching US$2 million in 2005. However, due to the sudden downturn in occupancies for hotels in the Nusa Dua Complex following the October 1, 2005 terror attack, he anticipates BTDC’s financial performance to dip 25% in 2006.

Boldly Moving Ahead

Not content to meekly accept Bali’s current situation, Mandra explained how BTDC is constantly seeking to renew its approach to the market. In addition to the ongoing development of a 176-unit Condominium-Hotel managed by Novotel, the BTDC is developing a project that, when realized, will be dedicated specially to the needs of senior travelers. The proposed "retiree resort" now in its planning stage would feature a number of special services and supports for older travelers including staffing by guest-contact staff with medical and nursing credentials.

BTDC has also recently invested Rp. 4.9 billion (approximately US$490,000) in an agrowisata project in Bali that is introducing organic farming techniques to Balinese farmers for the supply of produce to the tourism industry.