Balinese villages urged to stick to local fruits for ceremonies

Imported fruits are apparently being used more and more commonly in Balinese ceremonies in this age of globalization. Ceremonies are a major aspect of Balinese Hindu culture and offerings often take the form of fruit. To give local fruit a fighting chance against the imported stuff, Desa Adat, traditional villages in Bali in charge of

Business

Bank Indonesia cracks down on unauthorized money changers, many of which are in Bali

Bank Indonesia, the country’s central bank says it is cracking down on unauthorized money changers across the country, many of which have been operating in Bali. Money changers...

Bank Indonesia cracks down on unauthorized money changers, many of which are in Bali

Bali hotel occupancy up in 2016, Chinese expected to overtake Aussies as Bali’s biggest tourist market

Bali’s hotel occupancy saw an impressive 4 percent increase in 2016 after a challenging 2015, but apparently we shouldn’t get too excited. A joint report by hospitality...

Bali hotel occupancy up in 2016, Chinese expected to overtake Aussies as Bali’s biggest tourist market

Weather drives Bali durian prices up but demand holds steady

Durian lovers are going to have to pony up more cash this year if they want to buy their beloved ‘king of fruits’ in Bali. Local market prices have reportedly soared in Bali...

Weather drives Bali durian prices up but demand holds steady

Trump is coming: Bali’s Pan Pacific Nirwana closing so Trump can move in

Say goodbye to Pan Pacific and hello to Trump’s ultra luxury, 6-star project. While there’s been chatter aplenty with little to no developments for the past couple of years...

Trump is coming: Bali’s Pan Pacific Nirwana closing so Trump can move in

Changing sea temperatures suspected cause of fish shortages in Bali Strait

Changes in sea temperatures are thought to be the main cause behind fish scarcity in Jembrana, west Bali, experienced in the past eight

Changing sea temperatures suspected cause of fish shortages in Bali Strait

Indonesian Consumers Foundation handling ATM fraud cases in Bali, instance reported of Rp 76 million stolen from one customer

In recent years, Bali’s been no stranger to ATM fraud. In fact, it’s even been identified as one of the worst places in the world for ATM

Indonesian Consumers Foundation handling ATM fraud cases in Bali, instance reported of Rp 76 million stolen from one customer

Central bank launches website mapping licensed moneychangers in Bali

Needing to change some currency but nervous to fall prey to Bali’s notorious moneychanging

Central bank launches website mapping licensed moneychangers in Bali

Bali governor enthusiastic as ever about electric scooters, welcomes test drivers from Jakarta

Bali Governor Made Pastika is gung ho about electric scooters.  In an event welcoming electric scooter test riders on a five-day journey from Jakarta to Denpasar, Pastika...

Bali governor enthusiastic as ever about electric scooters, welcomes test drivers from Jakarta

Bali has an estimated Rp 2 trillion of bank notes in crappy condition: BI

Ever get handed back rupiah notes, usually the smaller denominations, that look like they’ve been flushed down the toilet and come back up again? We’re talking torn, wrinkled,...

Bali has an estimated Rp 2 trillion of bank notes in crappy condition: BI

Coconuts Bali Business

The business section of Coconuts Bali covers the latest on the island’s economy, banking, trade, entrepreneurial spirits, and other fun money-related stuff. We say fun because business stories here sure can be entertaining. This is Bail, where cashiers hand customers back candies instead of change—though that was supposed to be disallowed, true story. A current business phenomenon in Indonesia, and in Bali especially, is a credit craze. Motorbikes, cars, iPhones, and property that normally wouldn’t be accessible to the everyday Joe are suddenly super affordable with small down payments and years-long payment plans. At the end of the day, most of our stories come back to Bali’s biggest money maker, the exploding tourism industry. Is it a bubble, soon to pop? That’s to be seen. And let’s also discuss some of Bali’s tried and true but at times struggling industries: agriculture and fishing. We’ve also got plenty of stories in the business section to cover these challenging markets.