{"id":23475,"date":"2026-07-21T07:15:46","date_gmt":"2026-07-21T07:15:46","guid":{"rendered":"https:\/\/jobuzo.com\/en\/indonesia-approves-new-international-financial-centre-and-it-might-be-in-bali\/"},"modified":"2026-07-21T07:15:46","modified_gmt":"2026-07-21T07:15:46","slug":"indonesia-approves-new-international-financial-centre-and-it-might-be-in-bali","status":"publish","type":"post","link":"https:\/\/jobuzo.com\/en\/indonesia-approves-new-international-financial-centre-and-it-might-be-in-bali\/","title":{"rendered":"Indonesia approves new international financial centre \u2014 and it might be in Bali"},"content":{"rendered":"<div>\n<div><\/div>\n<p>JAKARTA, July 21 &mdash; Indonesia&rsquo;s parliament passed a bill on Tuesday to establish an international financial centre, with the resort island of Bali previously floated as a possible location.<\/p>\n<p>Finance Minister Purbaya Yudhi Sadewa said the financial centre, known as PFII, is expected to draw foreign investment and help accelerate the country&rsquo;s growth.<\/p>\n<p>&ldquo;PFII attracts foreign capital flows and a sustainable portfolio investment as a long-term source of financing to expand the national economic pie so that Indonesia&rsquo;s economy can grow faster,&rdquo; Purbaya told lawmakers on Tuesday.<\/p>\n<p>&ldquo;If the national economy can expand and grow faster, this will yield significant long-term benefits for national development throughout Indonesia.&rdquo;<\/p>\n<p>The bill, which was passed unanimously, covers the institutional framework for the financial centre as well as tax incentives, according to lawmaker Mohamad Hekal.<\/p>\n<p>An arbitration body and a special court authorised to examine and decide cases within the centre would also be established, he added.<\/p>\n<div class=\"internal-linking-related-contents\"><a href=\"https:\/\/jobuzo.com\/en\/12-weeks-jail-for-school-it-support-technician-who-took-upskirt-videos-of-teachers\/\" class=\"template-1\"><span class=\"cta\">News :<\/span><span class=\"postTitle\">&lt;div&gt;12 weeks' jail for school IT support technician who took upskirt videos of teachers&lt;\/div&gt;<\/span><\/a><\/div><p>The text of the bill has not yet been made public.<\/p>\n<p>Bali was proposed as a possible site for the financial centre, according to a statement in May from the Coordinating Ministry of Economic Affairs.<\/p>\n<p>President Prabowo Subianto has set an economic growth target of eight per cent by 2029, powered by a boost in public spending.<\/p>\n<p>The economy grew 5.6 per cent year-on-year in the first quarter of 2026, according to the national statistics agency. &mdash; AFP<\/p>\n<\/div>\n<p><sub>Indonesia approves new international financial centre &mdash; and it might be in Bali<\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"<p>JAKARTA, July 21 &mdash; Indonesia&rsquo;s parliament passed a bill on Tuesday to establish an international financial centre, with the resort island of Bali previously floated as a possible location. Finance Minister Purbaya Yudhi Sadewa said the financial centre, known as PFII, is expected to draw foreign investment and help accelerate the country&rsquo;s growth. &ldquo;PFII attracts&#8230;<\/p>\n<p class=\"more-link-wrap\"><a href=\"https:\/\/jobuzo.com\/en\/indonesia-approves-new-international-financial-centre-and-it-might-be-in-bali\/\" class=\"more-link\">Read More<span class=\"screen-reader-text\"> &ldquo;Indonesia approves new international financial centre \u2014 and it might be in Bali&rdquo;<\/span> &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":23476,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-23475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts\/23475","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/comments?post=23475"}],"version-history":[{"count":0,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts\/23475\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/media\/23476"}],"wp:attachment":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/media?parent=23475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/categories?post=23475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/tags?post=23475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}