Finance Minister Purbaya Yudhi Sadewa has stated that the location\nfor the Indonesia International Financial Centre (PFII) has not yet been\ndetermined. However, he confirmed that the location will not be within a\nSpecial Economic Zone (KEK) because the government wants to avoid\noverlapping statuses. \u201cKEK is not included, they say. But it depends on\nwhich proposal is the best. If there is a KEK, it can be dissolved, so\nit is not an obstacle. Basically, we will see what is best. What is\nclear is that the infrastructure must be easy to build or already\npartially in place, and the location must be attractive for wealthy\nforeign investors to come,\u201d Purbaya said during the July 2026 APBN KiTa\npress conference in Jakarta on Tuesday.<\/p>\n
Purbaya explained that according to the PFII Law, the authority to\ndetermine the location lies with the Minister of Finance, but the\ndecision will be made after a team assesses the various proposals\nreceived. \u201cThere are several proposed names, such as North Bali,\nKura-Kura, and Sanur. But the clear proposals are not yet available. We\nwill see which one is the most reasonable, the quickest to implement,\nand the cheapest for the state. The one that can attract the most\nforeign investors or wealthy individuals to place their money there,\nthat is what we will choose,\u201d he said.<\/p>\n
Meanwhile, Deputy Chairman of Commission XI of the Indonesian House\nof Representatives, Mohamad Hekal, stated that the determination of the\nPFII location will be made through a Government Regulation based on a\nproposal from the Minister of Finance to the President. \u201cThe PFII area\nwill be proposed by the Minister of Finance to the President, and then\nit will be established in the form of a Government Regulation,\u201d Hekal\nsaid when met by journalists at the Parliament Complex in Jakarta.<\/p>\n
Hekal explained that parties wishing to propose an area as a PFII\nlocation must submit a proposal to the Minister of Finance. The proposal\nwill then be reviewed based on several requirements, including regional\nfeasibility, feasibility study results, capital adequacy, and human\nresource readiness. If all requirements are deemed to have been met, the\nMinister of Finance will propose the location to the President to be\nestablished through a Government Regulation. He added that the\ngovernment is currently reviewing several candidate areas for the PFII\nlocation. Bali is one of the regions being considered, with two to three\nareas on the island currently under evaluation, although the possibility\nof other proposed areas remains open. Bali is considered attractive to\nglobal investors as it is already one of the main destinations for\nforeign nationals visiting Indonesia. \u201cThe hope is that they are here,\ntheir money follows, and the investment opportunity is right in front of\nthem (through the existence of PFII). So it is not too difficult for\nthem to come and go,\u201d Hekal said.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/purbaya-pfii-location-not-yet-determined-will-not-be-inside-a-special-economic-zone-1784645768", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }