Mon, 05 Sep 2011

Denpasar, Bali (ANTARA News) - Bali imported a variety of capital goods worth US$44.6 million in the first five months of 2011 to boost its economic growth.

The capital goods mostly consisted of manufactured products, Jeffrey Kairupan, official of Bank Indonesia (the central bank)`s office in Bali, said in a report on economic and financial studies on Friday.

He said local businessmen, most of them tourism operators, imported a variety of capital goods in the hope of encouraging the local economy and increasing the local people`s living standard.

The imported capital goods included wheat, ships, floating structures, mechanical appliances, electrical apparatuses, jewelry and iron and steel products.

He said the imported capital goods were bought from about 30 countries, including China, the United States, Singapore, Russia, Vietnam and Britain.

Most of the capital goods were imported from China with a total value of US$12.6 million, followed by the United States with US$7.4 million and Singapore with US$5.7 million, he said.

It seemed that all parties had not questioned the high value of imported capital goods because they believed the capital goods would have a positive impact on the regional economy and the local people`s welfare, he said