An estimated 70,000 tourists will cancel trips to Bali over looming volcanic eruption threat: PHRI

Somewhere between 60,000 to 70,000 tourists are likely canceling their trips to Bali, afraid of a possible eruption from Mount Agung. Bali Governor Made Mangku Pastika calmly said last week that foreign arrivals had not been strongly impacted by the threat of a volcanic eruption, but estimates about trip cancellations, projected by tourism authorities indicate ...

Business

Bali toll road no longer takes cash, chaos ensues with apocalyptic-long lines (PHOTOS)

Bali toll road no longer takes cash, chaos ensues with apocalyptic-long lines (PHOTOS)

The Bali Mandara Toll Road stopped accepting cash payments on Oct. 1 and looking at the photos of the lines to get onto the road in the first few days, you would think it’s...

Bali governor tells tourists it’s still safe to travel to island

Bali governor tells tourists it’s still safe to travel to island

Governor Made Mangku Pastika has been hard at work, trying to quell fears of tourists with plans to holiday in Bali amid a possible eruption from Mount Agung. The governor stated...

Thousands of cows set sail: Surge in Bali cattle exports ahead of Idul Adha sacrifice holiday

Thousands of cows set sail: Surge in Bali cattle exports ahead of Idul Adha sacrifice holiday

Bali’s seen a surge in demand for cattle from other parts of the country ahead of the approaching Idul Adha holiday, where Muslims around Indonesia will sacrifice large...

Royal Enfield opens dealership on Sunset Road, making its bikes available for those looking to explore Bali by classic motorcycle

Royal Enfield opens dealership on Sunset Road, making its bikes available for those looking to explore Bali by classic motorcycle

Indian motorcycle brand, Royal Enfield opened up a dealership in Bali last weekend, its second business in Indonesia. “In 2016, we opened a (gear shop) in South Jakarta. This...

Ride-sharing apps now have nearly free market in Indonesia after Supreme Court lifts regulatory constraints, Bali gov’t considers move ‘fair’

Ride-sharing apps now have nearly free market in Indonesia after Supreme Court lifts regulatory constraints, Bali gov’t considers move ‘fair’

Ride sharing services like Uber and Grab can now innovate in something close to a free market in Indonesia after the nation’s Supreme Court lifted the government’s regulations...

Bali-based jewelry designer John Hardy plants brand’s millionth bamboo seedling in Indonesia as part of CSR initiative

Bali-based jewelry designer John Hardy plants brand’s millionth bamboo seedling in Indonesia as part of CSR initiative

A successful Bali-based jewelry brand has just planted its millionth bamboo seedling in Indonesia as a part of an environmentally-minded corporate social responsibility program....

Telegram founder enjoys time in Bali, part of trip to Indonesia after the whole app getting partially blocked then unblocked thing

Telegram founder enjoys time in Bali, part of trip to Indonesia after the whole app getting partially blocked then unblocked thing

The founder of messaging app, Telegram, came to Indonesia on business earlier in August after his app got partially blocked by the country last month. But the business call...

Construction to start on cruise ship terminal at Bali’s Benoa, completion hoped for 2018 IMF-World Bank meeting

Construction to start on cruise ship terminal at Bali’s Benoa, completion hoped for 2018 IMF-World Bank meeting

Making way for literal boatloads of more tourists in Bali, the building of a cruise ship terminal at the island’s Benoa Port will begin in September, Indonesian officials...

Poor infrastructure and Indonesia’s ‘alternative Bali’ destinations are causing tourists to reduce their length of stay, frets Bali tourism official

Poor infrastructure and Indonesia’s ‘alternative Bali’ destinations are causing tourists to reduce their length of stay, frets Bali tourism official

The latest from the Bali Province Central Statistics Agency (BPS), measured in June 2017, shows the average length of stay for Bali tourists has decreased compared to the previous...


 

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.