Close
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 · Storm Clouds Ahead for Baliís Economy
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

Storm Clouds Ahead for Baliís Economy

Noted Bali Economist Gusti Viraguna Bagoes Oka Urges Caution in 2013


Bali News: Storm Clouds Ahead for Baliís Economy
Click Image to Enlarge

(1/4/2013)

Bisnis Bali reports that despite a general air of optimism in 2013 regarding Bali’s economy, some genuine areas of genuine concern persist.

I Gusti Viraguna Bagoes Oka, a local economic observer, said on Sunday, December 30, 2012, that political tensions, increases in the cost of electricity, the cost of fuel and the uncertain global economy were all vulnerabilities to Bali’s economy that need to be considered.

Viraguna said the national political stage of 2014 and the election of Bali’s governor in 2013 will put demands on the attention of the nation, causing larger economic issues to be sidelined. Adding to the mixture, rising electrical and fuel costs and their possible impact on the growth rate of Bali’s economy cannot be ignored when assesing Bali's future prospects.

He said that Indonesia’s economy is in a state of fundamental change. The Republic is not longer an oil exporter but a net importer of the fossil fuels needed to meet rising consumer demand.

Looking further afield, Viraguna said the economic crisis in Europe is unlikely to be resolved anytime soon, resulting in stunted economic growth rates for China and India. A similar, negative lead-on effect reducing economic growth will also be felt in Indonesia as a whole and Bali in particular.

“Basically, Bali’s economy will be uncertain next year (2013),” warned Viraguna. He also urged careful monitoring of tourist arrivals. At the same time, he lamented that Bali is becoming a location for transnational crime such as narcotics and terrorism.

Bank Indonesia is predicting that the island’s economy will grow 6.6-7.1% in 2013.


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.


 
UBUD WRITERS & READERS FESTIVAL
 
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
A Kiwi Courting Criminal Charges
Kiwi Tourist Richard James Wackrow Arrested at Bali Airport for Stealing Personal Items of American Tourist.
(9/28/2014)
Carte ŗ Jouer
Two Frenchmen Arrested in Kuta for Stealing a Credit Card
(9/29/2014)
A President in a Class All His Own
President ĖElect Joko Widodo Flies Economy from Bali to Jakarta
(9/28/2014)
We Get Mail!
Balidiscovery.com Readers take Issue with Tommy Soetomo Ė the Boastful CEO of Baliís Airport Authoritty
(9/28/2014)
Canggu Drowning Victim
South African Tourist Drown at Canggu
(9/28/2014)
Meetings, Bloody Meetings!
Incoming President Joko Widodo Transition Team Identify that US$1.5 Billion Spent Each Year on Government Meetings
(9/28/2014)
Running for Hearth and Home
Eight Bali & Lombok Results Stage Charity Run to Build Low-Cost Housing in Bali
(9/28/2014)
Two Decades for Depraved Decadence
Prosecutors Demand 18 Years Prison for Man Who Murdered Englishwoman in Ubud, Bali
(9/27/2014)
Until Kingdom Come
Bali to be Home to Lavish Museum Commemorating the Majapahit Era
(9/28/2014)
Power to Accommodation Owners
Hotel Link Solution-Indonesia Team Attends Vietnam Conference to Help Indonesia Hotels Obtain Larger Share On-Line Booking Business.
(9/27/2014)
When a Leg Fails to Cooperate, Shoot it
Police Shoot Two Men Linked to a Rape and the Robbery of Many Villas in North Kuta
(9/27/2014)
This is Your Wake Up Call
Many Bali Residents Roused from their Sleep by a 4.6 Earthquake on September 23, 2014
(9/27/2014)
All [News]!
 
Tourism and Transport Tourism Agents