Published: 26 Oct 2021

I Wayan Koster
Source: newspaperjuri.com.

Beginning this greeting, let us deliver sesanti angayu bagya, puja pangastuti to Ida Hyang Widhi Wasa, God Almighty, because, on His asung kerta wara nugraha, we can gather in the Fifth International Conference On Family Business and Entrepreneurship at The Grand Inna Kuta, Bali, an annual event held by the Faculty of Business, President University, in collaboration with Dhyana Pura University, Bali, and the Indonesia Strategic Management Society. I would also like to thank you for the invitation to open an international conference in Bali and for being allowed to deliver the opening speech at this very important event.

The theme of this conference is very interesting and relevant to the current situation, namely On the Path on Recovery: Leadership, Resilience, and Creativity. Facing the impact of the Covid-19 pandemic, we are required to continue to find ways to restore various sectors, including the economy. For this reason, solid and innovative leadership is needed in building economic resilience and creativity from all components. So, today's international conference is very appropriate to discuss various relevant topics by presenting guest speakers from various countries, both academics, and practitioners.

Dear conference participants,

The Covid-19 pandemic has changed all aspects of life, such as the economy, health, social society, politics, and culture. Moreover, until now, no one can confirm when the Covid-19 pandemic will end. This condition requires the support and commitment of strong, sincere, righteous, and nobility of heart from all parties, following their respective swadharma. We must remain enthusiastic and optimistic, looking for a way out that opens new hope. This situation requires synergies and collaboration of all government managers with other government units of education, especially universities.

This conference can be one of the efforts to find solutions in dealing with the impact of the Covid-19 Pandemic, especially in the economic sector. From the conference, it is hoped that there will be recommendations for the concept of economic recovery after the Covid-19 pandemic.

From a scientific point of view, the Covid-19 pandemic is a natural treatment for various sectors, including the economy. So, this is the right momentum for academics to study and analyze to find a strong concept of economic development.

Ladies and Gentlemen,

Compared to other provinces in Indonesia, the Covid-19 pandemic caused the deepest economic contraction to Bali's economy. This is because the Balinese economy is highly dependent on one sector, namely tourism. This sector is very vulnerable to changes in external factors, such as security disturbances (Bali bombings 1 and 2), natural disasters (the eruption of Mount Agung), and non-natural disasters (SARS virus, bird flu), and the Covid-19 pandemic that hit almost all countries. in this world. This incident resulted in the Balinese economy slumping.

Starting from these dynamics, it is time for Bali to reorganize its economy, balancing the structure and fundamentals of the Balinese economy, namely returning to the originality and excellence of local resources, including nature, manners, and Balinese culture, especially in the agricultural, marine and fisheries, and industrial sectors. Balinese culture-based folk crafts. Tourism is positioned as an additional source (bonus/benefit) in the Balinese economy, which must be managed in favor of local Balinese resources.

In addition, Bali's economic development should accommodate the development of science and technology, including digital technology, which can be utilized to develop the creative and digital economy. The development of science and technology can also improve the economy to be of higher quality, added value, competitive and sustainable.


Ladies and Gentlemen,

In strengthening the Balinese economy, I have compiled the concept of developing the EKONOMI KERTHI BALI. This is a comprehensive concept of economic development to strengthen the structure and fundamentals of the Balinese economy based on local resources, quality, added value, resilience, competitiveness, environmental friendliness, and sustainability. I put this concept into a book that was launched last Wednesday (20/10).

EKONOMI KERTHI BALI is the implementation of the vision to build Bali Nangun Sat Kerthi Loka Bali through the Planned Universal Development Pattern towards a New Era of Bali, which means: "Maintaining the Sanctity and Harmony of Bali's Nature and Its Contents, to Realize a Prosperous and Happy Balinese Krama Life, Sakala-Niskala Towards a Balinese Krama Life and Gumi-Bali following Bung Karno's Trisakti Principles: Political Sovereignty, Economically Independent, and Personality in Culture through Patterned, Comprehensive, Planned, Targeted, and Integrated Development within the Frame of the Negara Kesatuan Republik Indonesia Based on Pancasila Values June 1, 1945".

The vision is to realize the balance/harmony of Balinese Nature, Balinese Krama, and Balinese Culture following the values ??of Sad Kerthi's local wisdom, namely the six primary sources of welfare/happiness of human life:

1) Purification of the Soul (Atma Kerthi),

2) Purification of the Sea (Segara Kerthi),

3) Purification of Water Sources (Danu Kerthi),

4) Purification of Plants (Wana Kerthi),

5) Human Purification (Jana Kerthi), and

6) Purification of the Universe (Jagat Kerthi).


Dear participants,

EKONOMI KERTHI BALI has 6 (six) Leading Sectors as pillars of Bali's economy, namely:

1. Agricultural sector in a broad sense, including livestock and plantations,

2. Marine/Fisheries Sector,

3. Industrial Sector,

4. Small and Medium Industry, MSMEs and Cooperatives,

5. Creative and Digital Economy Sector,

6. Tourism Sector.


These six leading sectors will create a quality, value-added, resilient, competitive, environmentally friendly, and sustainable Bali economy.

The determination of the six leading sectors is based on the originality and superiority of Bali's local resources, which include Nature, Krama, and Balinese Culture as potential resources in the agricultural, marine/fishery, and people's craft industries; not based on the amount (nominal) of the contribution to the Gross Regional Domestic Product (GRDP) of Bali. With the pattern of development through the EKONOMI KERTHI BALI, there will be a direct relationship between leading sectors, growing new economic centers, increasing economic capacity, balancing the structure and fundamentals of the Balinese economy, so that it will provide benefits for increasing the welfare and happiness of Balinese Krama on sakala-Niskala. This book is a reference for all stakeholders in Bali's economic development. This book can also be adopted by other regions both at domestic and abroad.

That is my opening remarks. Hopefully, through this international conference, we can share knowledge, expertise, experience, and research results in strengthening the economy.

Welcome to the international conference.

That is all, and thank you.

Om shanti, shanti, shanti, om.

Wassalammualaikum warahmatullahi wabarakatuh. Rahayu.