Indonesia passes bill to set up international financial center - Regulations - The Jakarta Post

Regulations

Finance Minister Purbaya Yudhi Sadewa said the financial center, known as PFII, is expected to draw foreign investment and help accelerate the country's growth.

Skyscrapers are seen from the observation deck of the National Monument (Monas), a 132-meter landmark commemorating Indonesia's independence, in Jakarta on June 7, 2026. ( AFP/Yasuyoshi Chiba)

The House of Representatives passed a bill on Tuesday to establish an international financial center, with the resort island of Bali previously floated as a possible location.Finance Minister Purbaya Yudhi Sadewa said the financial center, known as PFII, is expected to draw foreign investment and help accelerate the country's growth.

"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's economy can grow faster," Purbaya told lawmakers on Tuesday.