Jakarta, CNBC Indonesia \u2014 The Indonesian International Financial\nCentre (PFII) Law designates the Daya Anagata Nusantara Investment\nManagement Agency (BPI Danantara) as the initial capital contributor to\nthe establishment of the Indonesian International Financial Centre\n(PFII). This is stipulated in Article 24 of the Law on the Indonesian\nInternational Financial Centre.<\/p>\n
BPI Danantara will inject capital into the PFII Managing Institution\n(LP). This injection of funds, however, does not place the LP PFII under\nthe control of BPI Danantara.<\/p>\n
\u201cDanantara\u2019s special investment in the LP PFII is the fulfilment of a\nstatutory mandate specific to the LP PFII and does not result in any\nownership or control rights over the LP PFII,\u201d the statement said.<\/p>\n
This special investment by BPI Danantara must take into account the\noperational cost requirements of the LP PFII as set out in Article 26,\nparagraph 1. The PFII Board is then obliged to submit a work plan and\nbudget for the use of the initial capital to the President for approval\nwithin a maximum of 30 calendar days after receiving the initial\ncapital.<\/p>\n
The LP PFII is an independent, transparent and accountable\ninstitution in carrying out its duties and authorities.<\/p>\n
The LP PFII is tasked with managing the operational affairs of the\nPFII, as well as regulating and supervising other sector business\nactivities. Meanwhile, the LP PFII\u2019s authorities include, among others,\nproviding administrative, operational and business support services, and\ncreating, maintaining and administering special lists or registers.<\/p>\n
The LP PFII is also authorised to develop, operate and maintain\ninfrastructure, technology, facilities and services; to levy charges,\nfees and\/or contributions on Business Actors and other parties\nconducting activities in the PFII; and to carry out other functions\nnecessary for or related to the LP PFII\u2019s duties.<\/p>\n
In addition to Danantara, the PFII\u2019s initial capital may come from\nbusiness entities, state or regional assets provided through grants, and\nother lawful sources in accordance with prevailing laws and\nregulations.<\/p>\n
The PFII Board is obliged to submit a work plan and budget for the\nuse of the initial capital to the President for approval within a\nmaximum of 30 calendar days after receiving the initial capital.<\/p>\n
The work plan includes budgeting for pre-operational costs and the\nestablishment of the PFII, the LP PFII, the PFII Financial Services\nSupervisory Institution (LPJK PFII), and the PFII Court.<\/p>\n
Minister of Investment and Downstream Industries Rosan Roeslani\npreviously revealed that the initial capitalisation would be carried out\nin stages.<\/p>\n
\u201cYes, of course there will be stages. There are stages,\u201d he said when\nmet at the DPR RI building in Jakarta on Tuesday (21\/7\/2026).<\/p>\n
Rosan, who also serves as Chief Executive Officer of BPI Danantara,\nsaid that investment treaty instruments would also be involved.<\/p>\n
\u201cLater we will also enter into investment treaties and so on. So\nthere will definitely be stages,\u201d he said.<\/p>\n
An investment treaty is an international agreement between two or\nmore countries created to protect and promote business investments by a\ncountry\u2019s citizens or companies in another country.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/confirmed-danantara-to-provide-initial-capital-for-pfii-heres-the-scheme-1784868708", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }