ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Bali's economic losses mount as volcano rumbles

Empty hotels, canceled flights, sour loans -- and worst may be to come

Passengers mill about the international terminal at Ngurah Rai International Airport, in Kuta, on the Indonesian island of Bali, after the gateway reopened on Nov 29.   © Reuters

JAKARTA -- The rumbling, ash-spewing volcano on the eastern edge of Bali is sending shock waves through the local economy. Major and minor conventions are being relocated or scrapped, hitting hotels with losses. Flights are being canceled. Loans are going sour. And the scope of the damage could still widen if Mount Agung refuses to settle down.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more