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 · New Investments in Bali Drop
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

New Investments in Bali Drop

Ambitious Invetsments Targets Unlikely to Be Achieved in 2009. Calls for Stronger Sanction in New Zoning Law to Protect Bali's Environment.


Bali News:
Click Image to Enlarge

(4/20/2009)

During the first quarter of 2009, the investment picture in Bali became stagnant with no new applications for domestic projects and only Rp. 53 billion (US$4.7 million) in foreign investment applications.

According to Kompas, the Chairman of the Bali Investment Board (BPM), Nyoman Suwirya Patra, is pessimistic that Bali will be able to meet its investment average of Rp. 850 billion (US$75.9 million). In 2008, Bali recorded investment applications worth Rp. 1.1 trillion (US$97.2 million) against a targeted Rp. 11.1 trillion (US$991 million).

Nyoman Suwirya blamed the lack of investment activity in Bali on the worldwide financial situation, explaining that his office would now focus on events and improving its website. He also told the press that the licenses approved in the first quarter of 2009 were spread over 15 projects in textiles, construction, hotels and restaurants. 57% of these new investments are in the Badung regency, followed by Buleleng, Gianyar and Denpasar.

New Zoning Regulations

Suwirya is not confident that the new zoning regulations for Bali (RTWT) will be realized, as planned, by June 2009.

The Chairman of the Bali House of Representatives (DPRD), Ida Bagus Wisnawa, said, "we are still carefully studying (RTRW), following input provided by the public." In response to those who feel the new RTRW lacks proper sanctions against violators, he said they would bring the new rules into conformance with the existing policies.

Governor Pastika has rejected claims that the RTRW now being socialized to the public lack clarity on sanctions. Said Pastika: "We are bringing sanctions into conformance with the current rules."

Separately, the chief of the Regional Center for the Environment in Bali, Ir. R. Sudirman, told the press he hoped the new zoning regulations would not only consider economic factors but also address preserving the environment. He stressed the need for a balance between the economy and nature conservancy.

Sudirman called for the prevention of an interpretive application of the rules by bureaucrats, insisting the new RTRW must contain sanctions for regional and provincial leaders who commit errors in the licensing and recommendation process.

An expert in geomorphology from Udayana University, R. Suyarto, said he hoped that the public in Bali be given an opportunity to contribute their opinions in creating local regulations. He explained that Bali, as a small island, has a delicate eco-system and any change in land use must be carefully considered and made clear. "Thus far, there's a perception that science has not been employed in considering the feasibility of a given investment. There is a tendency that economic considerations are given precedence over preserving Bali's environment."


© 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
An Exercise in Good Taste
Flavour of Bali Book Launched at Cocktail Held at Trans Resort Bali
(5/30/2016)
Major Anti-Narcotics Arrest
Bali Authorities Arrest Two Chinese Suspected on Participating in the Smuggling of 70 kilograms of Methamphetamines via Jakarta
(5/30/2016)
The Cost of Quantity Before Quality
Bank Indonesia Report Says substantial Chinese Travel Market Brings Minimum Benefits to National Economy
(5/30/2016)
Stop Human Trafficking
Group of Women from West Sumba with Fake IDs Netted by Bali Airport Security
(5/30/2016)
He Thought he Could Fly
Rowdy Australian Man May Face 2 Year in Bali Prison for Behaving Badly on AirAsia Flight from Sydney
(5/30/2016)
Bali Temples as Repositories of History
Expert Urges Care and Caution in the Care and Restoration of Bali’s Hindu Temples
(5/30/2016)
Anything But Therapeutic
13-Year-Old Australian Boy Claims Sexual Molestation at Kuta, Bali Spa
(5/30/2016)
The Road to Bali
BALINALE – Bali International Film Festival Hosting Career Day for Aspiring Film Makers in Bali June 1-2, 2016
(5/30/2016)
A Dose of Leniency for Two Airlines
Transportation Ministry Dilutes Punishments Given to Lion Air and AirAsia for Poor Airport Ground Handling
(5/30/2016)
Hand Off Our Kids!
President Joko Widodo Decrees New Punishments Including Castration and Electronic Monitoring for those Convicted of Sexual Misconduct with Children
(5/30/2016)
April Arrivals to Bali Up 21.3%
Bali by the Numbers: Foreign Tourist Arrivals January-April 2016 Up 16.77%. Will Bali End 2016 with 4.6 Million Visitors?
(5/30/2016)
A Dozen Years in a Bali Jail
Bulgarian Sentenced to 12 Years in Prison for ATM Fraud Scheme in Bali
(5/30/2016)
All [News]!