The planned Indonesia International Financial Center (PFII) will attract massive foreign capital inflows, the government has claimed, but economists view that as a long-term aspiration rather than a realistic near-term goal, pointing to the challenges of taking on global hubs with long-term track records.

The push would put Indonesia in competition with established hubs such as Singapore and Hong Kong, as well as Dubai. Read more at straitstimes.com. Read more at straitstimes.com.

The push would put Indonesia in competition with established hubs such as Singapore and Hong Kong, as well as Dubai. Read more at straitstimes.com. Read more at straitstimes.com.