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 · Write Home Soon and Send 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

Write Home Soon and Send Money!

Head of Seafarers Union Thinks 20,000 Balinese Working on Cruise Ships Should Be Compelled to Remit Foreign Exchange to the Island.


Bali News:
Click Image to Enlarge

(3/10/2007)

15,000-20,000 Balinese are estimated to currently be employed on board cruise ships around the world earning important foreign exchange for Indonesia.

According to the President of the Indonesian Seafarers Association (KPI), Hanafi Rustandi, the lack of government regulations requiring the cruise ship workers to either save a portion of their wages or repatriate a portion of their income back to Bali causes the loss in value of the desperately needed foreign exchange to the Island.

Quoted in the Indonesian-language daily Bali Post, Hanafi said Indonesia would benefit greatly from exchange earned by Balinese if the Government followed the example of the Philippines which requires the repatriation of a portion of income earned abroad. As a result, according to Hanafi, repatriated income from Philippine expatriate workers represents the greatest single source of foreign exchange for that nation.

Continuing in the same vein, Hanafi extrapolated that if an estimated 15,000 Balinese expatriate seafarers earning an average US$1,000 per month were required to deposit 80% of that amount in a Balinese financial institution this would generate US$12 million dollars in foreign exchange for Bali every month.

The head of KPI also opined that regulationd requiring the repatriation of at least a portion of Balinese seafarers' wages would not only represent a valuable source of foreign exchange but also encourage saving among Bali's overseas workers.


© 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
Meet You at the Finish Line!
Celebrate a 600 Km Run Around Bali and Solemenís Efforts to Save the Lives of 2 Balinese Children at Finnsí Beach Club on Friday, September 29, 2017.
(9/25/2017)
Balinese Friends in Need
Karangasem Regent Prepares a List of Items Needed by Balinese Fleeing the Homes Surrounding Mount Agung
(9/24/2017)
In Support of Smooth Sailing
Government Goes Online for Cruise Permits for Yachts and Cruise Ships
(9/24/2017)
A Preference for Cheap Hotels & Transport
Chinese Spending Habits During an Indonesian Holiday Examined at Jakarta Workshop
(9/24/2017)
Preparing Bali to Receive Large Cruise Vessels
Redevelopment of Benoa as a Passenger Cruise Port Begins
(9/24/2017)
God Speed KRI Bima Suci and her Crew
Indonesian Navyís New Tall Ship Ė KRI Bima Suci Under Sail and Bound for Surabaya
(9/24/2017)
Transforming Baliís Infrastructure
Bali Identifies 6 Major Infrastructure Projects to Facilitate Tourism Growth in the Province
(9/24/2017)
Baliís New ĎPort' of Call
Sababay Winery Launches Mascetti Ė a New Port-Style Fortified Wine
(9/24/2017)
The Answer is Blowing in the Wind
Experts Predict that if Mount Agung Erupts Before November, Volcanic Ash will Drift to the Skies to Baliís North
(9/24/2017)
Are You Odd or Even?
Bali Police Chief Considering Odd and Even Traffic Days During IMF and WB Conference in October 2018
(9/24/2017)
Spicing Up Air Travel
Ubud Celebrity Chef Chris Salans Prepares Signature Dishes for Garuda Indonesia Business Class Passengers
(9/24/2017)
Death be Not Proud
Catholics in Indonesia Oppose the Death Penalty and Calls for More Activism in Defense of Human Rights.
(9/24/2017)
All [News]!