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Bali Development Fund

Leading Law and Business Figures Thinks a 'Bali Development Fund' Needs a Home on the Jakarta Stock Exchange.

(5/19/2007) A local businessman and law expert in Bali is suggesting that the establishment of a Bali Development Fund financed through the national stock market would accelerate the development of the Island's economy.

According to well known entrepreneur Anak Agung Ngurah Manik Danendra, a Bali Development Fund would permit investment participation by the capital market and banks in providing much needed funds for small and medium sized enterprises.

Speaking at the launch of his book "Bali Plans for the Future," Manik told the Indonesian language Bisnis Indonesia that the proposed fund would widen access to credit facilities and training for small and medium-sized businesses.

Tourism

Noting that Bali's tourism prospect were rapidly improving, Manik called for more attention to now be paid to the development of Bali's South, including the construction of a new airport for the Island.