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[SITUATION] · [ACTIVE]
13 clusters · 50 sources · 56 days · First seen · Last updated
Categories: BUSINESS · POLITICS
Indonesia PFII law enacted, launch preparations continue
Entities: Mohamad Hekal · Josua Pardede · Bank Permata · DPR RI · Pusat Finansial Internasional Indonesia (PFII)
Overview
Indonesia’s parliament passed the International Financial Center Indonesia (PFII) law on 21 July 2026, meeting the three‑month deadline set by the Financial Sector Development and Strengthening Act. The 73‑article act defines the centre’s purpose, governance, tax incentives, a dedicated arbitration institute, and a financial‑stability committee aligned with FATF standards.
The government is evaluating Jakarta and Bali as possible sites, with a transitional operation likely to start in Jakarta for two to three years before a permanent location is chosen. PFII chief executive Rosan Roeslani said the centre could become operational within the next two to three years, expecting family‑office participation from China and Hong Kong.
Vice‑chair of DPR Commission XI, Mohamad Hekal, highlighted that global geopolitical tensions are creating a window for Indonesia to capture capital flows from family‑wealth assets seeking new domiciles. The PFII will feature a competitive legal framework, dedicated dispute‑resolution mechanisms, ad‑hoc commercial judges, English‑language contracts, and strict AML/CFT compliance. Bank Permata’s chief economist Josua Pardede noted the hub could deepen the domestic financial market and provide long‑term financing for national development.
Officials stress the need for competitive fiscal incentives, robust regulatory oversight, and coordination with the Financial Action Task Force to attract investors while preserving fiscal balance.
Timeline
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about 13 hours ago
[BUSINESS] 2 sourcesIndonesia moves to launch International Financial Center to attract global capitalIndonesia's Commission XI vice‑chair Mohamad Hekal says the fast‑tracked International Financial Center (PFII) will tap global capital flows, offering a competitive legal framework to attract funds amid geopol
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13 days ago
[BUSINESS] 18 sourcesIndonesia's Financial Center Law Enacted to Attract Global CapitalIndonesia’s parliament passed the PFII law, creating a new international financial hub with sites under review in Jakarta and Bali and plans for transitional operations and investor incentives.
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15 days ago
[BUSINESS] 22 sourcesIndonesia Enacts International Financial Center LawIndonesia's parliament passed the PFII law, creating an international financial centre with tax holidays, Golden Visas and a special court to attract up to $28 bn in foreign investment, aiming for operation in
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26 days ago
[BUSINESS] 5 sourcesIndonesia's PFII financial center moves forward with Bali site and regulationsIndonesia pushes forward with PFII, a new international financial hub in Bali, set to get regulatory approval before Aug 16 2026 and aim to attract billions in foreign investment.
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28 days ago
[BUSINESS] 7 sourcesIndonesia Advances Plans for International Financial CenterIndonesia is drafting a law to create a specialised International Financial Center, backed by OJK, with plans for dedicated regulation and investor‑friendly incentives, while scouting locations outside the new
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about 1 month ago
[POLITICS] 2 sourcesIndonesian local leaders tackle civil servant reform and fiscal independenceIndonesian local officials highlighted civil‑service restructuring challenges and promoted creative financing to curb dependence on central budgets, citing tourism revenue gains in Lumajang and asset‑based fund
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about 1 month ago
[POLITICS] 5 sourcesIndonesia's House and Finance Minister Agree to Finalize International Financial Center Bill by July 20Indonesia's DPR Commission XI and Finance Minister Purbaya agreed to finish the International Financial Center bill within 20 days, aiming for a 21 July plenary vote, to meet new legal deadlines.
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about 1 month ago
[POLITICS] 4 sourcesIndonesia's Kapuas and Kediri Regencies Approve Draft Laws on 2025 Budget AccountabilityKapuas and Kediri regencies in Indonesia approved draft accountability laws for the 2025 regional budgets, with Kapuas addressing health staff shortages and Kediri noting a clean audit pending governor review.
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about 1 month ago
[POLITICS] 2 sourcesSouth Sulawesi legislators oversee 2026 regional budget, urging public involvementSouth Sulawesi legislators Andi Tenri Indah and Lukman B. Kady held public oversight sessions in Gowa, urging citizens to monitor the 2026 regional budget and voicing local needs for education, health and farm‑
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about 1 month ago
[POLITICS] 3 sourcesIndonesia's DPD and DPR Agree to Advance Island Regions BillIndonesia's DPD praised DPR's approval to advance the Island Regions Bill, aiming to address infrastructure, transport, and service gaps in archipelagic areas within up to three legislative sessions.
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about 1 month ago
[POLITICS] 2 sourcesIndonesian Local Leaders Push Youth Skill Development ProgramsBekasi’s mayor and Bandung’s DPRD secretary urged youth groups to boost skills, provide legal overseas work paths and adopt clear career roadmaps.
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about 1 month ago
[POLITICS] 3 sourcesIndonesia regional legislators address party legal issue and infrastructure developmentIndonesia’s West Sumatra Democratic Party awaits court verdict on a corruption suspect before taking disciplinary action, while West Java DPRD officials call for more balanced infrastructure development at the
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about 2 months ago
[POLITICS] 2 sourcesIndonesian Local Legislators Tackle Infrastructure, Education and Regulatory ReformIndonesian local legislators addressed flood, school fees and health service issues in Bekasi, while a Kapuas DPRD committee studied West Java reforms on hajj, waste and narcotics.
Sources
antaranews.com · bandung24jam.republika.co.id · beautynury.com · beritajatim.com · bisnis.liputan6.com · cari.republika.co.id · cekfakta.tempo.co · clovermedia.jp · cnbcindonesia.com · dertank.ch · duta.co · economy.okezone.com · ekbis.harianjogja.com · en.news.viva.co.id · event.tempo.co · fokus.news.viva.co.id · gerindra.id · goodstats.id · hnk-sibenik.hr · inews.id · infografis.sindonews.com · insight.kontan.co.id · itot.jp · jabarnews.com · japon.embajada.gov.co · katadata.co.id · keuangan.kontan.co.id · langgam.id · m.jpnn.com · makassar.terkini.id · matabangsa.com · matapantura.republika.co.id · mediaindonesia.com · nasional.news.viva.co.id · nasional.sindonews.com · news.liputan6.com · pendidikan.harianjogja.com · photo.sindonews.com · prokalteng.jawapos.com · radicalismstudies.org · ramenten.republika.co.id · riliskalimantan.com · rmol.id · ruzka.republika.co.id · sulselsatu.com · techno.bigmir.net · toray.co.jp · wixx.com