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
Liberté, Égalité, Fraternité
Fête Nationale – Celebrating France’s National Day at The Trans Resort Bali on Friday, July 15, 2016
(6/26/2016)
Attempted Identity Theft
Two Bulgarian Tourists Arrested on Suspicion of ATM Crime in Bali
(6/26/2016)
Heart Attack Claims Man in Local Boat Race
Balinese Participants in a Bedugul Canoe Race Dies of Heart Attack.
(6/26/2016)
U-Haul Hull
Operators of Sunken KMP Rafelia II Given Deadline of September 4, 2016, to Remove Sunken Ferry Boat in Java-Bali Straits
(6/26/2016)
Connected in Kuta
Kuta, Bali Launches 115 Free Wireless WiFi Points
(6/26/2016)
A Kemenuh Conondrum
Kemenuh Butterfly Park in Gianyar, Bali: Illegally Constructed, Illegally Operated and Failing to Pay Taxes
(6/26/2016)
Short Take Off and Approach
Indonesian Transportation Minister Not in Favor of Reclaiming Land to Extend Length of Bali’s Airport
(6/26/2016)
Hot and Bothered in Bali
Bali Airport Installs Thermal Scanner to Detect International Passengers Infected by the Zika Virus
(6/26/2016)
Haunting Surfeit of Human Remains
Backlog of Unburied Corpses at Sanglah General Hospital Morgue Poses a Logistics and Spiritual Risk.
(6/26/2016)
General Hospital
Bali’s Main Hospital Explains its Color-Coded Response to Medical Emergencies
(6/26/2016)
Bastards & Baksheesh
Public Outcry as Official at Gilimanuk Border Checkpoint Caught on Film Taking a Bribe
(6/26/2016)
Illegal Parking
Outgoing Denpasar Prosecutor Names Head of Denpasar Parking Authority as Suspect in Rp. 15.5 billion Corruption Case
(6/26/2016)
All [News]!