{
    "success": true,
    "data": {
        "id": 2061915,
        "msgid": "indonesia-prepares-bali-for-second-stage-financial-centre-development-1793292636",
        "date": "2026-10-29 23:05:39",
        "title": "Indonesia prepares Bali for second-stage financial centre development",
        "author": "",
        "source": "ANTARA_EN",
        "tags": "",
        "topic": "Investment",
        "summary": "The government is preparing Bali to become the second stage of Indonesia\u2019s financial centre development, after Jakarta, with regulatory measures being finalised. The initiative is intended to attract financial activity and diversify Bali\u2019s tourism-dependent economy, complementing planned investment in healthcare, special economic zones and the digital economy.",
        "content": "<p>Coordinating Minister for Economic Affairs Airlangga Hartarto\nconveyed the plan during the International Forum for Government Credit\nPrograms in Badung District, Bali, on Thursday.<\/p>\n<p>Airlangga said the government has discussed Bali\u2019s potential with\nstate-owned enterprises (SOEs), adding that regulatory aspects for\ndeveloping the financial center have been addressed and are currently\nbeing finalized.<\/p>\n<p>\u201cYesterday with SOEs, we also looked into Bali\u2019s potential to become\na financial center, where the regulations have been drafted and are now\nin the finalization stage,\u201d Airlangga said.<\/p>\n<p>He explained that the financial center development is planned to take\nplace in stages: Jakarta is being prepared as the first stage, while\nBali is being considered for the next.<\/p>\n<p>Airlangga noted that a financial center is relevant amid global\neconomic uncertainty. Indonesia, he added, has an opportunity to attract\nfinancial sector activities, supported by a safe and comfortable\nenvironment.<\/p>\n<p>He explained that developing a financial center in Bali also aligns\nwith efforts to broaden the drivers of economic growth in the province,\nwhich has largely relied on tourism.<\/p>\n<p>In his speech, the minister mentioned that the government has\nprepared several economic development initiatives in Bali, including the\nSanur Health Special Economic Zone (SEZ) and the Kura-Kura Bali SEZ.<\/p>\n<p>The Sanur SEZ is aimed at developing international-standard health\nservices while attracting visitors seeking healthcare services.\nMeanwhile, the Kura-Kura Bali SEZ is being developed to support economic\nactivities and draw investment.<\/p>\n<p>Airlangga also pointed to the potential of the digital economy and\nregional talent development to expand Bali\u2019s economic activities.<\/p>\n<p>He emphasized that diversification is crucial so that Bali\u2019s economic\ngrowth does not rely solely on tourism, but can also thrive through the\nfinance, healthcare, education, and digital economy sectors.<\/p>\n<p>Meanwhile, Bali Governor Wayan Koster welcomed the government\u2019s plan,\nstating that Bali is a highly strategic region to realize the\nproject.<\/p>\n<p>Related news: Prabowo announces Indonesia Financial Center in Jakarta\nand Bali<\/p>\n<p>Related news: Danantara pledges support for international financial\nhub in Bali<\/p>\n<p>Related news: Indonesia financial hub to drive Bali\u2019s economic\ndiversification<\/p>\n<p>Translator: Rolandus Nampu, Raka Adji<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/indonesia-prepares-bali-for-second-stage-financial-centre-development-1793292636",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}