Does Bali's Sunset Road Signal the Setting Sun on Efforts to Preserve "Bali Style" in Local Architectural Values? (8/4/2007) The Indonesian language daily newspaper NusaBali has questioned in the rapid development of businesses along Kuta's Sunset Road and the lack of Balinese architectural elements in the buildings populating this major thoroughfare. A formal decree from the Regent of Badung in 2004 (No.

Dubai Business Group Pledges to Build Resorts and a Giant Mosque to Lure Middle East Passengers to Lombok. (8/4/2007) Taj Hamaad, an Advisor to the Dubai-based Group Emaar International Properties, have confirmed that they will invest US$800 million in a new tourism resort development in Lombok, an island just east of Bali.

Despite a Strong First Semester for National Tourism Arrivals, Will Indonesia Achieve 6 Million Visitors in 2007? (8/4/2007) The national Bureau of Statistics (BPS) reports that 2.14 million foreign visitors came to Indonesia in the first semester of 2007, an improvement of 12.22% over the same period in 2006 (1.91 million). Will National Tourism Target be Achieved?

The government will combine a number of incentives to be extended to the business sector into a single regulation so as to reduce bureaucracy and prevent overlapping, a senior official says. M.

Country Report No. 07/272: Indonesia: 2007 Article IV Consultation - Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Indonesia Full text at http://www.imf.org/external/pubs/cat/longres.cfm?sk=21250.0 Executive Summary Background • Macroeconomic policies have been geared successfully towards promoting stability while supporting growth.

JAKARTA - After nearly a decade of economic restructuring and financial de-leveraging, Indonesia has finally returned to a position of fiscal strength from the 1997-98 Asian financial crisis. Much of the credit for the turnaround lies with Coordinating Minister for the Economy Boediono, who has held senior economic posts in two post-1997 administrations.