Bali still attractive to foreign investors

DENPASAR (indo.com): Despite the decrease in number of tourists coming to Bali, investment in the island remains buoyant.

Head of Local Investment Coordinating Board (BKPMD), Ida Bagus Yudhara Pidada, reported that many investors are still optimistic because Bali is well known throughout the world. The Indonesian government is also working to ensure a rapid recovery in the tourism sector. He added that seven new investors had entered Bali a month after the blast in Kuta. They are all foreign investors, coming from America, Australia and a join venture of Malaysian and Japanese companies.

The 4 Australian investors have invested US$ 915,000, while 2 American investors have invested US$ 542,000 for textiles and furniture. The Malaysian and Japanese joint venture invested their capital in the music sector.

BKPMD announced that there were plenty of other new investments in process, further re-affirming the island's long-term potentials.