{
    "success": true,
    "data": {
        "id": 1818804,
        "msgid": "deputy-law-minister-reveals-objectives-behind-indonesias-international-financial-centre-1782204998",
        "date": "2026-06-23 14:59:12",
        "title": "Deputy Law Minister Reveals Objectives Behind Indonesia's International Financial Centre",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Finance",
        "summary": "Deputy Minister of Law and Human Rights, Edward Omar Sharif Hiariej, has outlined five key objectives for establishing Indonesia's International Financial Centre (PFII), including boosting national competitiveness and attracting investment. The government has proposed the PFII bill for inclusion in the 2026 National Legislation Programme, with a legal deadline to enact the law by mid-June 2026. The House Legislation Body approved the proposal for further deliberation, emphasising the need for meaningful public participation.",
        "content": "<p>Deputy Minister of Law Edward Omar Sharif Hiariej has revealed the\nobjectives behind the formation of the International Financial Centre\nIndonesia (PFII) during a working meeting with the House of\nRepresentatives\u2019 Legislation Body in Jakarta on Tuesday. In the meeting\ndiscussing the Draft Law on PFII, Eddy, as he is familiarly known,\nstated the first objective is to enhance Indonesia\u2019s competitiveness as\nan international financial centre. \u201cSecond, to encourage deepening and\ninnovation in the financial sector; third, to attract investment and\nfinancial sector players, both national and international,\u201d Eddy said.\nThe fourth objective is to facilitate financing for the real sector,\nnational strategic projects, sustainable financing, climate financing,\ninfrastructure financing, and other financing. The fifth objective, he\ncontinued, is to strengthen the financial sector\u2019s contribution to the\nnational economy. \u201cThese are the main points forming the background for\nestablishing the Law on the International Financial Centre Indonesia as\nsoon as possible,\u201d he said. At the meeting, the government proposed the\nPFII Bill be included in the 2026 National Legislation Programme. Eddy\nexplained that Law Number 4 of 2026 concerning the Development and\nStrengthening of the Financial Sector stipulates that the operation of\nthe PFII shall be regulated by law. \u201cThe law must be established no\nlater than three months from the enactment of Law Number 4 of 2026,\nwhich is from 17 June 2026,\u201d he stated. To ensure public welfare, he\ncontinued, sustainable economic growth and the deepening and\ndiversification of the national economy through effective contributions\nto the financial sector are necessary. He said that to realise this\ncondition, a PFII must be established and granted special authority as a\ndriver of Indonesia\u2019s sustainable economy in the future. \u201cThe PFII is a\nconcentration of financial services and a centre for the development of\ntechnology and supporting services for finance, and is a trusted\nfinancial centre managed based on the principles of efficiency,\ntransparency, and integrity,\u201d he said. Based on the meeting\u2019s outcome,\nthe Legislation Body approved the PFII Bill proposed by the government\nto be discussed in accordance with statutory regulations. \u201cI urge the\ngovernment to implement meaningful public participation,\u201d said House\nLegislation Body Chair Bob Hasan.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/deputy-law-minister-reveals-objectives-behind-indonesias-international-financial-centre-1782204998",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}