16 Pages Number 95 5th Year
I N T E R N A T I O N A L
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Wednesday, May 8, 2013
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NKorea issues warning ahead of US-SKorea summit
Jailed protesters cast shadow on anti-Putin rally
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Not Published We, The International Bali Post would like to aplogize in advance because we will not be pulished on Thursday, May 9, 2013.
In first quarter
Bali’s economic growth not satisfactory Bali Post
DENPASAR - Economic movement of Bali in the first quarter of 2013 was not satisfying. The Central Statistics Agency (BPS) Bali recorded the economic growth of Bali in that period reached minus 0.33 percent compared to the last fourth quarter.
“Negative growth in the first quarter is caused by the contraction of the agricultural and trade sector as well as in the hotel and restaurant sector at -2.97 percent and -0.27 percent,” said Gde Suarsa, the Head of BPS Bali in Denpasar, Monday (May 6). According to him, the contraction in the agricultural sector was caused by the decreased in added value of food crop subsector at -6.20 percent and fisheries at -2.85 percent. Meanwhile, the declining growth in the hotel
and restaurant sector occurred as a result of decline in the value added of hotel subsector at -1.85 percent and restaurant at -0.56 percent. “Other than contraction in both sectors, the other sectors continued to grow despite slowing down,” he said. Nevertheless, the decline in the economic growth, according to Gde Suarsa, was a natural thing happened at the beginning of the year because the fourth quarter was the end of the fiscal year in the development of the previous
year, so that the impact in the following quarter was still a tender process indicated by the implementation of a few physical projects. “It also makes the government’s budget spending too little at the beginning of the quarter. Such a trend commonly occurred at the beginning of the year,” he said. He said that based on the absolute value of the Bali’s gross regional domestic product (GRDP) over the prices tended to increase. Continued C Conti Con ontinued ed d on p pa page g 6 ge
Fishermen unloading tuna from their boat. Tuna is one of major export commodities from Bali. Economic movement of Bali in the first quarter of 2013 was not satisfying. The Central Statistics Agency (BPS) Bali recorded the economic growth of Bali in that period reached minus 0.33 percent compared to the last fourth quarter.
IBP/File Photo