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 · Bali's Rag Trade in Tatters
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

Bali's Rag Trade in Tatters

Bali's Local Textile Association Report 15,000 Layoffs and Widespread Bankruptcies Following the 2005 Bali Bombing.


Bali News:
Click Image to Enlarge

(7/29/2006)

The downturn in the Balinese economy following the second Bali bombing on October 1, 2005, has had a disastrous effect on the Island's garment industry which, according to a report in the Indonesian-language Tempo Interaktif is near collapse. According to the report, of 120 businesses in the garment trade prior to the bombing 70 are bankrupt due to declining orders from both international and domestic customers.

"Our situation is critical," said the Chairman of the Indonesian Textile Association (API), Mahendra, who estimates that through July 2006 some 15,000 textile workers have lost their jobs. Moreover, according to the API Chairman, there have been no steps by the government to alleviate the situation.

Mahendra laments that the textile sector is burdened by high interest rates and the lack of any tax relief, despite the current depressed economy. This is in sharp contrast to the period following the 2000 bombing of the World Trade Center (WTC) when local government deregulated the textile sector and reduced interest rates in order help Bali garment operators survive and avoid mass layoffs.

Mahendra called on the government of Bali to take a more proactive role by lobbying Bank Indonesia and the general banking community to help to help correct the current situation.


© 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
Fly me to the Ginger Moon
Bali Culinary Professionals Monthly Luncheon at Ginger Moon Saturday, February 28, 2015
(1/31/2015)
An Epidemic of Death
Governor Calls for Detailed Study of Suicide in Bali
(1/31/2015)
A Toothless Tiger
Minister of Transportation Order to Ban Overloaded Trucks from Entering Bali Remains Unenforced in the Face of Defiant Truck Drivers
(2/1/2015)
Tourism Minister Visits Bali
Indonesian Tourism Minister Thinks Bali Needs a 100,000-person Capacity Exhibition Hall
(2/1/2015)
Take Me for What I Am
Indonesian Visitors without Valid KTP Refused Entry to Bali at Gilimanuk Port
(2/1/2015)
When Policemen Take License
NZ Media Couple Report Inappropriate Request from Bali Traffic Cop
(2/1/2015)
International Crime Busters
Australian Federal Police Will Continue to Provide Information to Assist Indonesian Police in the Arrest of Australian Lawbreakers
(2/1/2015)
Left Holding the Bag
Baggage Storage Facilities at Bali Ngurah Rai International Airport
(2/1/2015)
Altitude Sickness
Indonesian Airlines Required to Check Cockpit Crew's Health on Each Flight Before Takeoff
(2/1/2015)
Service Charge Included
Garuda to Resume Inclusion of Passenger Service Charge in Ticket Price Effective February 1, 2015
(2/1/2015)
Bali Crack Down on Illegal Workers in 2015
Immigration, Police and Manpower Officials to Closely Supervise Foreign Workers in 2015
(2/1/2015)
Five Stars in the Indonesian Skies
Garuda Indonesia Earns Five Star Rating from Skytrax
(2/1/2015)
All [News]!