Edisi 04 Januari 2012 | International Bali post

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Reduce import, use local products

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16 Pages Number 14 4th Year

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Price: Rp 3.000,-

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Wednesday, January 4, 2012

PAGE 8

“Iron Lady� enjoys strong bow in limited release PAGE 12

IBP/Yudi Karnaedi

Two workers ďŹ nishing their work at a project location in Bali island.The presence of foreign investors will bring in positive impact on the development and economic growth of Bali. However, government should accept the foreign investment selectively.

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DENPASAR - The presence of foreign investors will bring in positive impact on the development and economic growth of Bali. However, government should accept the foreign investment selectively.

WEATHER FORECAST CITY

TEMPERATURE OC

DENPASAR

24 - 33

JAKARTA

23 - 33

BANDUNG

22 - 31

YOGYAKARTA

23 - 32

SURABAYA

26 - 34

A lecturer of Faculty of Economics, Warmadewa University, I Wayan Arjana, said in Denpasar the presence of investors would result in multiyear effects such an increase in the employment oppor-

tunities, ability of public spending and demand in domestic market. However, it did not necessarily mean that every policy made by government sided with investors. “Bali absolutely needs an in-

vestment to improve the macro economy. However, government should sort out any investment permit issued whether it will not have a negative impact, such as on the environment,� he said. According to him, theoretically, the investment was very important as the main motor of development and long-term economic growth. Without investment, the long-term economic growth could not be

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SUNNY

achieved. “Capital owners who will invest in Bali should be directed to other sectors. So far, they are only focused on tourism sector, while agriculture and SME sectors are untouched. Surely they should be provided with incentives such as ease of licensing or other requirements so they will get interested,� he said.

AP Photo/Kathy Willens

A crime stoppers poster is posted outside a ďŹ re-damaged home near the Imam Al-Khoei Islamic Center in the Queens borough of New York, Monday, Jan. 2, 2012.

NEW YORK - New York police are investigating as bias crimes four Molotov cocktail attacks on Sunday night including one against a mosque with 75 people inside and another against a Hindu place of worship. No injuries were reported. New York Governor Andrew Cuomo on Monday assigned state law enforcement officials to assist the New York City investigation, saying the attacks “go

against everything we stand for as New Yorkers and Americans,â€? and the Council on American-Islamic Relations condemned the attacks. The arson attacks occurred over two hours on Sunday night in the borough Queens, police said. The ďŹ rst ďŹ rebomb hit a convenience store, causing damage behind the counter, and the second hit a private house. Continued on page 6


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