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CNN Live Sunday
Bali's Economy Suffers After Terrorist Attack
Aired November 24, 2002 - 18:27 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
ANDERSON COOPER, CNN ANCHOR: Investigators in Bali today say a search of the home of the man accused of masterminding the terrorist attacks last month has turned up videotapes of Osama bin Laden and Islamic propaganda. The attack left 180 dead, but the tragedy doesn't stop at the loss of life. The aftershocks, it seems, have proven powerful to the resort island. Atika Shubert has more.
(BEGIN VIDEOTAPE)
ATIKA SHUBERT, CNN CORRESPONDENT (voice-over): Bali is trying hard to get back on its feet, promoting its still beautiful beaches, lush rice fields and exotic culture, pinning its hopes on a new slogan. An upbeat message designed to make visitors forget about the recent terrorist bombing.
But there's no denying the reality of empty hotels and restaurants. Manager Jim Wayan has lived in Bali since the '70s and says he's expecting the worst.
JIM WAYAN, SEAVIEW HOTEL MANAGER: The problem that is not helping Bali, is the fact that all governments in the world are telling their people not to go to Bali. I just feel so sorry for everyone involved in Bali. I feel sorry for myself, because myself, just like my other staff, no guests, no salary. It's a catch-22.
SHUBERT: Most affected are people like this taxi driver, circling aimlessly for fares.
UNIDENTIFIED MALE: No tourists, nothing, (UNINTELLIGIBLE) for me. For me, for family, for people in Bali.
SHUBERT: The same for beach vendors, individuals with no safety net who rely on the tourist trade to get by.
(on camera): Vendors still ply these beaches, but there are fewer and fewer customers to sell to, showing, perhaps, that Bali may suffer the most in the wake of the attacks, but the economic impact reaches far beyond these shores.
(voice-over): Terrorist threats continue. In Jakarta, international, schools are closed due to a specific and credible threat. Another reason international investment is staying away.
There are warning signs. The government's growth projections have dropped from 5 percent to hovering at just 3 percent. The local currency, the rupiah, has weakened significantly. Past 9,000 rupiah to the dollar, down from 8,700 just a few months ago.
The full economic impact of the Bali bombing has yet to be felt, but Indonesia is preparing for worst to come.
Atika Shubert, CNN, Bali.
(END VIDEOTAPE)
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Aired November 24, 2002 - 18:27 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
ANDERSON COOPER, CNN ANCHOR: Investigators in Bali today say a search of the home of the man accused of masterminding the terrorist attacks last month has turned up videotapes of Osama bin Laden and Islamic propaganda. The attack left 180 dead, but the tragedy doesn't stop at the loss of life. The aftershocks, it seems, have proven powerful to the resort island. Atika Shubert has more.
(BEGIN VIDEOTAPE)
ATIKA SHUBERT, CNN CORRESPONDENT (voice-over): Bali is trying hard to get back on its feet, promoting its still beautiful beaches, lush rice fields and exotic culture, pinning its hopes on a new slogan. An upbeat message designed to make visitors forget about the recent terrorist bombing.
But there's no denying the reality of empty hotels and restaurants. Manager Jim Wayan has lived in Bali since the '70s and says he's expecting the worst.
JIM WAYAN, SEAVIEW HOTEL MANAGER: The problem that is not helping Bali, is the fact that all governments in the world are telling their people not to go to Bali. I just feel so sorry for everyone involved in Bali. I feel sorry for myself, because myself, just like my other staff, no guests, no salary. It's a catch-22.
SHUBERT: Most affected are people like this taxi driver, circling aimlessly for fares.
UNIDENTIFIED MALE: No tourists, nothing, (UNINTELLIGIBLE) for me. For me, for family, for people in Bali.
SHUBERT: The same for beach vendors, individuals with no safety net who rely on the tourist trade to get by.
(on camera): Vendors still ply these beaches, but there are fewer and fewer customers to sell to, showing, perhaps, that Bali may suffer the most in the wake of the attacks, but the economic impact reaches far beyond these shores.
(voice-over): Terrorist threats continue. In Jakarta, international, schools are closed due to a specific and credible threat. Another reason international investment is staying away.
There are warning signs. The government's growth projections have dropped from 5 percent to hovering at just 3 percent. The local currency, the rupiah, has weakened significantly. Past 9,000 rupiah to the dollar, down from 8,700 just a few months ago.
The full economic impact of the Bali bombing has yet to be felt, but Indonesia is preparing for worst to come.
Atika Shubert, CNN, Bali.
(END VIDEOTAPE)
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
