DENPASAR ~

Bank Indonesia (BI) of Bali Office optimistic about the positive growth of economy in Bali that is expected in the range of 6 to 6.5 percent in 2015.

“Optimism is driven by high growth in trade, hotels and restaurants (PHR),” said Chief of BI Bali Office Dewi Setyowati in Denpasar, on Thursday.

BI recorded economic growth in Bali during 2014 reached up to 6.4 percent.

PHR sector growth is driven by the high estimates of activity in meeting, incentive, conference and exhibition (MICE) in 2015 and to acquire entry visas for tourists from five countries, namely China, Australia, Russia, Japan, and South Korea.

“Growth is also driven by low travel costs to Bali despite there was travel advise from Australia and the United States at the beginning of the year, “he said.

Estimation of the strengthening consumption is in line with the results of a survey that shows improvement of BI revenue expectations in line with price stability in a number of needs.

Consumption is also reinforced by the increasing budget revenue and expenditure the provincial and regency / city in 2015.

While the export improvement supported by the improving US economy which is the main country for apparel and furniture.

Bali’s positive economic growth will also be boosted by increasing construction investment of which related to the planned construction of the toll road to Singaraja and Gilimanuk and investment for the improvement of irrigation.

“The investment climate will be more conducive through one stop service, which was inaugurated on 26 January,” she said.