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Friday, January 6, 2012
PAGE 8
Two farmers harvesting their rice field. Head of Bali Investment and Licensing Agency (BPM), IB M Parwata, said the tertiary sector, especially in the field of tourism remained excellent, even it reached 95 percent, while the agriculture reached less than 1 percent, even 0.09 percent.
Apes, wizards, robots make the cut in Oscar VFX race PAGE 12
Reviewing investment in Bali:
Tourism turns glorious, agriculture gloomier WEATHER FORECAST CITY
TEMPERATURE OC
DENPASAR
24 - 33
JAKARTA
23 - 33
BANDUNG
22 - 31
YOGYAKARTA
23 - 32
SURABAYA
26 - 34
DENPASAR - Investment growth in Bali during the period of 2012 is targeted to reach IDR 18.29 trillion, with growth in foreign investment and domestic investment reaching IDR 4.575 trillion. The figure rose from the target in 2010 which amounted to IDR 15.79 trillion, where the realization of foreign and domestic investment up to the third quarters reached IDR 9 trillion.
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comply with the rules. Similarly, we keep to encourage the investment in agriculture, yet most investors consistently prefer the tourism sector,” said Parwata in his office. Aside from encouraging the investment in the agricultural sector, Parwata would also encourage the domestic investment and minimize the foreign investment. It was intended to avoid the capital flight as a result of many foreign capital owners who invested in Bali. Continued on page 6
25 dead, 150 missing in Philippine landslide Agence France-Presse
SUNNY
Head of Bali Investment and Licensing Agency (BPM), IB M Parwata, said the tertiary sector, especially in the field of tourism remained excellent, even it reached 95 percent, while the agriculture reached less than 1 percent, even 0.09 percent. Nevertheless, the BPM continued to promote investment in the agriculture in Bali. “Investment in tourism has been quite a lot in Bali. However, we may not prohibit the investors in the tourism field as long as they
At least 25 people were killed in the southern Philippines on Thursday when a landslide buried gold prospectors who had refused to leave an area declared too dangerous for habitation. Up to 150 people were missing after the landslip hit a remote mountain community on Mindanao
island that was settled by migrants in search of instant riches despite being declared off-limits last year due to the danger of landslides. Rescuers using only hand-held tools pulled 25 bodies and 15 injured residents from the rubble after the dawn landslide in Napnapan, near the town of Pantukan, civil defence chief Benito Ramos told AFP. “A military unit is in the area
but they are basically digging with their hands,” he told AFP. Ramos’ agency, the National Disaster Risk Reduction and Management Council, raised the number of missing to 150 people from an initial estimate of 100, and said the health department was transporting 150 body bags to the site. The local government mean-
while said the rescue had been halted amid heavy rain from a storm off the coast and fears of more landslides. Local military official Colonel Lyndon Paniza, who is coordinating the rescue from Pantukan, about two hours away via rugged mountain roads, said rescuers fear there could be more fatalities. Continued on page 6