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 · Balinese Economy to Grow in 2011
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

Balinese Economy to Grow in 2011

Bank Indonesia Predicts 6% Growth in Bali's Economy in 2011.


Bali News: Bali, Indonesia, Bank Indonesia, Economic Growth, Jeffrey Kairupan
Click Image to Enlarge

(12/27/2010)

Bank Indonesia says the Bali economy is projected to grow by 5.66% in 2011, despite predictions of sluggishness from some economic observers.

As reported by Bali Post, the chief of the Bali branch of Bank Indonesia, Jeffrey Kairupan, believes Bali is to some degree immune to the economic difficulties experienced in other parts of the globe and estimates growth may soar as high as 6.5% for the island in 2011. "The tourism sector will remain the barometer and main engine of the province. But in the coming year the improvement of the island's infrastructure must become the focus of policymakers," said Kairupan.

Kairupan said the traffic congestion affecting south Bali must be satisfactorily resolved in order to avoid economic growth being stymied. At the same time, the Bank Indonesia director said their was substantial enthusiasm and interest in infrastructure projects for Bali, saying, "I have received information that a number of investors, such as the Chinese, have declared an interest in investing in this sector."

Another Bali-based banking observer, Made Kembar Sri Budhi, is also convinced that Bali's economy will grow by more than 6% in 2011. He sees growth, however, fed more by consumptive spending rather than by new investment.

Further hope for growth in Bali's economy is fed by improvement in a number of foreign economies world-wide which will boost both tourism visits and export sales.

The economists pointed to the continuing failure of economic growth in Bali to lift the agricultural sector. Despite much lip service in official circles regarding the fundamental importance of agriculture, the development of Bali's agriculture sector has not kept pace with the island's rapid tourism development.


© 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
Showdown Ahead?
Groundswell of Opposition to Benoa Bay Reclamation Grows with Long March Through Downtown Denpasar on Sunday, May 22, 2016
(5/23/2016)
Something Fishy Going On
Two Celebrity Chefs Join Forces for a Lunchtime Seafood Fest in Ubud on Friday, May 27, 2016
(5/23/2016)
A Royal Obligation to Serve
Denpasar King Seized by Prosecutors to Begin Serving a 2.5 Year Prison Sentence for Fraud
(5/23/2016)
Pre-Dawn Fatal Crash
Melbourne Man Dies in Collision with Rubbish Truck
(5/23/2016)
And if Dreams Come True . . .
Join an Enchanted Day to Teach Children How to Make Fairy Houses on Sunday, May 29, 2016 at Trans Resort Bali
(5/23/2016)
Just a Month Away
Bali and Beyond Travel Fair in Final Count Down to Opening on June 22, 2016
(5/23/2016)
Stop Only Outside of the Box
Denpasar, Bali Police Introducing Yellow Box Junctions to Reduce Traffic Gridlock
(5/23/2016)
Ate Like Primate
Bali Zoo Offers Breakfast with the Orangutan
(5/23/2016)
The Indonesian Tourism Bucket List
TripAdvisor 2016 List of Most Popular Tourism Landmarks Dominated by Bali
(5/23/2016)
Avoiding Mayhem and Disaster
Bali Officials Study Disaster Mitigation In Darwin, Australia
(5/23/2016)
In Xanadu
Australian Property Developer Sent to Jail in Bali for Property Fraud
(5/23/2016)
Retaliation or Cost Saving
Lion Air Suspends 227 Flights Over One Month Period
(5/23/2016)
All [News]!