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 Overly Dependent on Tourism Business
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 Overly Dependent on Tourism Business

Leading Economist Calls for Greater Diversification in Bali's Tourism-fixated Economy.


Bali News:
Click Image to Enlarge

(9/24/2007)

As reported in the authoritative Indonesia Digest, Bali economist, Prof. Nyoman Erawan has recently predicted that Bali's rate of economic growth may reach 6% in 2007.

According to Erawan, while the island's economy is gradually improving, such growth remains precarious when dependent solely on business trends in the tourism sector. In comments carried in the Bali Post, He warned that Bali must develop other sectors, such as agriculture, which can provide a significant contribution to public welfare.

The respected economist from Bali's Udayana University also predicted that Bali's economy will continue to grow a rate above 6% in 2008 and beyond, as long as the province's economic stability is guarded and other sectors beyond tourism are developed.

The Director of Bank Indonesia in Denpasar, Bali, Ketut Sanjaya, agrees with this assessment. Compared to neighboring provinces, Bali recently achieved a 5.27% economic growth rate while in adjoining West Nusatenggara the economy expanded by only 1.65%, East Nusatenggara by 4.96% and East Java by 5.5%.

Sanjaya is confident that Bali's economy will continue to improve this year, although still dominated by the trade, hotel and restaurants, transportation and communications sectors.

Bali's banking sector also improved standing at Rp. 24 trillion (approximately US$2.6 billion) in assets until June 2007, up from Rp. 15.63 trillion (approximately US$1.7 billion) at the same time last year. Growth remains dominated by consumption (at 42%) compared to investments which reached only 4%, according to the Bank Indonesia official.


© 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
Bike, Run and Swim in Bali
Herbalife Bali International Triathlon – a Race for the Soul on Sunday, October 25, 2015
(3/29/2015)
Meet in Bali
9th Edition of the Bali Meeting Guide to be Published in September 2015
(3/29/2015)
Fragrant Wine for the Fragrant Harbor
Hatten Wines’ Pino de Bali Fortified Wines Served at the Peninsula Hotel Hong Kong
(3/29/2015)
Admission Tickets on the Increase
Admission Charges to Increase at South Bali Public Tourist Attraction on January 1, 2016
(3/29/2015)
When People Leave their Manners at Home
Editorial: Confusion, Conflicting Rules and Bad Manners Surround Plans to Limit Beer Sales Commencing April 16, 2015
(3/29/2015)
Conrad Living Lobby Art Exhibition
The World of Indonesian Puppetry in an Exhibition by I Ketut Sudiana in the Lobby of The Conrad Bali Resort and Spa April 3- June 30, 2015
(3/29/2015)
Going with the Grain
Klungkung Regency in Bali to Develop Sea Salt Production as a Tourist Attraction
(3/29/2015)
Fruit from the Tree of Good and Evil
Falling Durian Kills Second Man in Bali in a Single Season
(3/29/2015)
Safety Ranking for Indonesian Airlines
Transportation Ministry to Give Safety Ranking to Indonesian Airlines and Enforce Minimum Air Fleet Size of 10 Planes
(3/29/2015)
We Only Have Eye for You!
Immigration Introducing New Electronic Tracking Systems to Keep Track of Foreign Visitors
(3/29/2015)
Indonesia’s Waterloo?
Tourist Minister Says Dirty Public Toilets Make Indonesian Non-Competitive in Attracting Visitors
(3/29/2015)
Missing at Sea
Domestic Tourist Drowns at Tanah Lot
(3/29/2015)
All [News]!