Denpasar (Antara Bali) - Some 80 percent of investment in Bali's provincial tourism industry are dominated by foreign investors, the spokesman of the Indonesian Chamber of Commerce and Industry (Kadin) office chapter has said.
"The domination of foreign investors is dangerous to Bali's provincial economic condition. Therefore, the role of local investors should be strengthened," the Badung district chief of the Indonesian Chamber of Commerce and Industry office chapter, Anak Agung Ngurah Alit, said here on Saturday.
According to Alit, foreign investment results in disadvantages to poor people, since much of the profits go only to foreign investors.
"We hope the government can issue a policy in an effort to protect local entrepreneurs, Alit disclosed.
In the meantime, the Bali provincial administration has planned to develop new tourism spots located in the northern region to attract elderly tourists.
"The Buleleng regency administration has expressed enthusiasm towards the plan. Moreover, an airport will also be built in the area," Bali Investment and Promotions Board Chairman Ida Bagus Made Parwata said here during a scientific seminar entitled "Caring For The Elderly" last Thursday. (IGT/T007)
