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Bali considered for Indonesian International Financial Center, regulations expected by August 16
Bali newsBali4 min read
Coordinating Minister for Economic Affairs Airlangga Hartarto stated that Bali is being considered as the location for the Indonesian International Financial Center PFII. The decision is based on the need for competitive regulations and a lifestyle attractive to global investors, similar to Dubai. While Bali already has the Sanur Health Special Economic Zone KEK to support investor health service needs, the PFII will be established in a separate special economic zone. The government aims for the PFII to attract global investment, drawing parallels to Singapore's financial center which manages approximately 5 trillion US dollars in investment funds. Airlangga highlighted that Indonesia has the opportunity to offer an alternative international financial center with a legal framework comparable to Singapore and Dubai. Discussions for the Draft Law on PFII are ongoing in the House of Representatives, and the government is preparing a Government Regulation as an implementing measure. Airlangga hopes all supporting regulations for the PFII will be finalized before August 16, 2026.
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