Bali vice governor investigates shops in Benoa, probe into ultra-low cost Chinese tour package scheme

Bali’s vice governor is really putting his nose to the grindstone over this whole conspiracy that’s allegedly been uncovered, where tour agents are selling dirt cheap packages to Chinese tourists, effectively keeping locals from benefiting from the foreigners’ visits. Vice Governor Tjokorda Oka Artha Ardhana Sukawati, also known as Cok Ace, inspected a number of ...

Business

Bali needs to attract ‘classy’ tourists: governor

Bali needs to attract ‘classy’ tourists: governor

Bali governor Wayan Koster is dropping truth bombs left and right. Within his first 60 days in office, the governor has reinvigorated Balinese heritage by issuing resolutions...

Melinda Gates hangs with Go-Jek ladies on the sidelines of IMF-World Bank meetings in Bali

Melinda Gates hangs with Go-Jek ladies on the sidelines of IMF-World Bank meetings in Bali

Melinda Gates is one of the globe’s financial elite in town for the IMF-World Bank annual meetings taking place in Bali this week. But the American billionaire and...

IMF gathers in Bali: Key facts and figures from the Indonesia meeting

IMF gathers in Bali: Key facts and figures from the Indonesia meeting

The world’s financial elite are gathering in the Indonesian holiday island Bali for talks with trade spats and emerging markets crises topping the agenda. Here are some...

Disaster insurance to be addressed at IMF-World Bank meetings in Bali

Disaster insurance to be addressed at IMF-World Bank meetings in Bali

Amid recent devastating natural disasters experienced in the country in Lombok and Sulawesi, Indonesian Finance Minister Sri Mulyani Indrawati is keeping talk relevant at the...

Bali short on luxury cars, high in demand for IMF-World Bank annual meetings

Bali short on luxury cars, high in demand for IMF-World Bank annual meetings

With the world’s financial elite coming to town for the fast-approaching IMF-World Bank annual meetings, luxury cars are in high demand in Bali. There’s even a request for...

Chinese continue to dominate Bali’s foreign arrivals

Chinese continue to dominate Bali’s foreign arrivals

Bali has seen an increase in foreign tourist arrivals over the first three quarters of 2018, compared with the same period last year, with Chinese tourists coming in the lead....

Bali’s ITDC area ‘fully booked up’ for IMF-World Bank meeting

Bali’s ITDC area ‘fully booked up’ for IMF-World Bank meeting

The Indonesia Tourism Development Corporation, better known as the ITDC complex, in Nusa Dua is supposedly all booked up for the upcoming annual IMF-World Bank meeting to be held...

Batik declared the ‘official clothing’ of the IMF-World Bank meeting in Bali

Batik declared the ‘official clothing’ of the IMF-World Bank meeting in Bali

Playing the culture card strong, Indonesia has declared batik as the “official clothing” of the much-anticipated annual IMF-World Bank meeting to take place in Bali this...

Orangutan habitat Tanjung Puting National Park proposed as ‘New Bali’ destination

Orangutan habitat Tanjung Puting National Park proposed as ‘New Bali’ destination

Officials from Tanjung Puting, a national park in Kalimantan, Indonesian Borneo, are arguing that it ought to be considered as one of the country’s next “new Bali”...


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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.