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 Overcomes World Financial Crisis
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 Overcomes World Financial Crisis

Bali's Rising Tourism Numbers Help Island Weather Financial Crisis, While Feeding both Growth and Inflation.


Bali News: Bali, Global Financial Crisis, Inflation, Growth, Made Mangku Pastika
Click Image to Enlarge

(4/17/2010)

Antara, the national news agency, quoted Bali's governor Made Mangku Pastika as complaining that tourism, the backbone of the island's economy, is highly sensitive to rumors and innuendo, particularly in the areas of health and terrorism.

Said Pastika: "Every effort has been made by the provincial government to restore the local economy. What's needed now is to get the real economy rolling through investment and trade."

The governor was speaking during the opening of a National Coordination Meeting on Ways to Control Provincial Inflation held in Kuta.

While enumerating economic measures implemented by his administration, Pastika spoke of the support extended to small and medium-sized enterprises, the creation of new employment opportunities and steps to improve the climate for investment. "We have also guaranteed the availability of facilities for production and marketing of local products, established an international standard of security and safety, and moved to increase the per capita income of the general public," added the governor.

To Bali's credit, Pastika pointed out that Bali had managed to largely escape the effects of the worldwide economic crisis that began in mid-2008. "Bali managed to face down the global financial crisis. One indication of this was a rate of economic growth for the island that was higher than the national inflation rate, " he said, while adding that since March 2009, the rate of inflation in Bali has surpassed the national rates of inflation.

For March 2010 (year-on-year) Bali's inflation rate reached 3.64% which is higher than the corresponding nation-wide inflation rate of 3.43% for the same period.

Continuing his analysis, Pastika said, "the inflation rate keeps apace with the rate of economic growth for Bali. In 2009 the rate of growth in Bali was 5.33%, higher than the national average growth rate of 4.5%."

Bali's somewhat higher rates of inflation, according to the governor, are not divorced from the island's success in the tourism sector. High visitor levels result in higher demand for food commodities.

To meet the high level of demands, Bali is dependent on supply lines from outside that form an essential business connection with the outside world.


© 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
Mt. Agung Update
Mt. Agung Volcano Update Issued Saturday, September 23, 2017
(9/23/2017)
All Eyes Point to Mt. Agung
Mt Agung Volcanic Status Now at the Highest Alert Level
(9/22/2017)
Bad Government Served as a Signature Dish
Regent of Karangasem Blamed for Causing Public Panic by Issuing Incorrect Information on Volcanic Mount Agung
(9/22/2017)
A Yen for Murder
Police Arrest 25-Year-Old Freelance Balinese Driver in Brutal Killing of Elderly Japanese Couple
(9/19/2017)
Warning Levels Increased for Mount Agung
Breaking News: Mount Agung Status Upgraded to ‘Siaga – Level 3’ - Second Highest Level of Alert.
(9/18/2017)
Caught in the Act
Two Bulgarians Arrested in Lovina, North Bali, Robbing an ATM Machine
(9/18/2017)
St. Regis Bali Resort Turns Nine
St. Regis Bali Resort Offers Nine Courses By Nine Chefs At The Cloud Nine to Celebrates Turning Nine on October 27, 2017
(9/18/2017)
London to Jakarta in a Single Leap
Garuda Offers Thrice Weekly Non-stop London to Jakarta Flights Starting October 31, 2017
(9/18/2017)
An End to Bali Connection to Townsville, Australia
Jetstar to Halt Townsville to Bali Flights on March 21, 2018
(9/18/2017)
Honors for Bali’s Governor
Governor Receives Award from Retired Police Officers Association for Service to the Nation
(9/18/2017)
Keep it Green, Keep it Local
Bali Restaurateur Chris Salans Works with Bali Farmers to Maximize the Use of Local Produce and Food Ingredients
(9/18/2017)
Sanur First! Traveloka Maybe Never!
Indonesian Online Travel Company Traveloka Roundly Condemned for Desecrating Panorama on Sanur Beach in Bali
(9/18/2017)
All [News]!