Seminyak Weekly No 281 Oct 2021

WeeklyMagazineForSeminyak&Surroundings

SearchcalledoffforAmericanmanmissingsinceraftingaccidentinUbud Aftersevendaysofcomingaway empty-handed,authoritiessay theyhavestoppedthesearchfor anAmericanmanwhowent missingafteraraftingaccidentin Ubudlastweek.

Aspreviouslyreported,64-yearoldAmericanRobinaughClifford Neilwentwhitewaterraftingwith nineotherforeignersonOct.3 onAyungRiverinKedewatan Village.Thepartywasdivided intotwogroups.

Oneoftheraftstumbledwhen facedwithasuddenstrong current.Theotheralsoflipped overafteritwaspulledby passengersofthefirstraft.

Theraftingguideswhowere presentimmediatelyevacuated

bothrafts,buttheysadlylost sightofNeil.

GedeDarmada,theheadofthe BalichapteroftheNational SearchandRescueAgency, confirmed todaythatafterseven daysofsearchingforNeil, authoritieshavecalledoffthe efforts.

“Thesearchforthemissing victimwasconcludedonSunday becausetherewerenosignsof thevictim,”hesaidina statementsenttoCoconuts, addingthatthevictim’sfamily hasbeeninformed.

Theofficialsaidthattheymay resumeNeil’ssearchandrescue operationshouldtheyreceive tipsregardinghiswhereabouts.

Theotherrafters,whoare touristsfromAustralia,India,and Germany,arereportedlysafe andsoundandonlysuffered minorscrapes.Twolocal

lifeguardsalsosurvivedthe incident.

GlobalRecessionThreatensBali’sEconomyinstitution

basis.DiahUtarisaidthat Bank Indonesia continuescollaboratingwith regionalgovernmentsnationwidetocontrol theinflationrate.

DiahreportedthatinSeptember2022, foreigntouristsarrivinginBalitotaled1.1 milliontravelers,while2.7milliondomestic travelerscametotheIslandinthesame month.

TheDeputyChiefof BankIndonesia inBali, GustiAgungDiahUtari,hasexpressedher concernsthatthecurrentglobaleconomy placestheeconomicrecoveryofBaliat considerablerisk.Withtourismdominating Bali’seconomy,DiahUtariwarnsthata globalrecessioncouldreducethenumberof touriststravelingtoBali.

TherecoveryoftheIndonesianandBali economiesislinkedtointernational economiccircumstances.Hopesfor economicrecoveryarechallengedbya globalgeneraleconomicslowdown,rising inflation,andgrowinguncertaintyinfinancial markets.DiahUtari,speakinginUbud,Bali, onSaturday,01October2022,added:“This (all)hasthepotentialtoaffectthepotential fordomesticandforeigntouristarrivals.”

Asreportedby Beritabali.com, theinflation rateforBaliinAugust2022was6.38%–the sixth-highestinflationrateonanational

“Weareworkingtogethernationallyto reduceinflationratesforfood.(For example),incooperationwithregional governments,77,000chiliseedshavebeen distributedtoalldistricts/cities.Wesupport cooperationbetweenallregions,depending ontheirrespectivereportedplusandminus inflationrates,”saidDiah.

Continuing,shenotedthatBali’seconomyis boomingagainaftersufferingthesetback of COVID-19 overthepasttwoyears.This revivalisdemonstratedinthe3.04% economicgrowthrateyear-on-yearforthe secondquarterof2002.

Thesecondquarterofeconomicgrowthin 2022improvedfromthefirstquarterwhen thegrowthratewasonly1.46%year-onyear.Theimprovinggrowthfigures, accordingtoDiah,weretheresultofgrowing touristarrivalsmadepossiblebyeasing travelrestrictionsforbothforeignand domesticvisitors.Thenationalsofsome86 countriesarenowallowedaccessto Indonesia,withincreasinglymoredirect internationalflightsnowlandingonthe Island.

“Withtherecoveryandrevivalofthe Balineseeconomy,thefinancialsector systemhasbeguntorevive,credithas beguntorecover,althoughthelevelof financingriskisquitehighasreflectedin currenthigh-interestrates,”Diahadded.

Separately,IndonesianFinanceMinisterSri Mulyanihasforecastthattheglobal economywillplungeintoarecessionin 2023.Mulyanisaidworldbanksareraising benchmarkinterestratestoreduce inflationarypressure.

Speakingatarecentpressconference, Mulyanisaidrisinginterestratesvirtually guaranteeaglobalrecessionwillcommence in2023.TheIndonesianFinanceMinister notedthatthe BankofEngland raised interestratesby200basispointsin2022.

Similarly,the U.S.CentralBank hashiked interestratesby300basispointsto3.25% thusfarin2022.InflationintheU.S.A.is averaging8.3%

(Balidiscovery.com)

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