Jakarta (ANTARA) - Finance Minister Purbaya Yudhi Sadewa stated that\ninvestment funds managed through the Indonesia International Financial\nCentre (PFII) could become a source of financing for numerous domestic\nprojects, including Danantara projects.<\/p>\n
Funds entering the PFII will be managed by market players and\ninvested in various projects deemed to be business-profitable, rather\nthan being subject to government assignments.<\/p>\n
\u201cThese funds enter the financial centre (PFII). They must be\ncirculated. The financial centre will determine where to invest. We hope\nthey can enter attractive domestic projects,\u201d said Purbaya when met at\nthe Parliament Complex, Jakarta, on Thursday.<\/p>\n
The Minister emphasised that PFII investments will be entirely\nmarket-based.<\/p>\n
\u201cThis is a market-based project; it is up to them, not forced.\nTherefore, attractive projects will be offered to them (PFII investors).\nFor instance, if some Danantara projects are attractive, but other\nnon-Danantara projects are also attractive,\u201d he explained.<\/p>\n
In addition to financing investment projects, Purbaya said that funds\nmanaged through the PFII could also serve as a source of budget\nfinancing through the purchase of Government Securities (SBN).<\/p>\n
\u201cIt can also be used to pay government debt. If we issue bonds (SBN),\nthey can purchase them. Thus, my funding sources will become more\ncomplete. This will include the US, Japan, Australia, and China. This\nway, we will be stronger in terms of financing,\u201d the Minister added.<\/p>\n
Nevertheless, regulations regarding the PFII are still in the early\nstages of discussion. As is known, the Government, together with the\nHouse of Representatives (DPR RI), is currently discussing the Bill on\nthe PFII.<\/p>\n
This regulation will serve as the legal foundation for establishing\nan international-standard financial centre, which is expected to attract\ninvestment, strengthen the national financial sector, and enhance\nIndonesia\u2019s global competitiveness.<\/p>\n
In a Working Meeting with Commission XI of the DPR RI, Purbaya stated\nthat the drafting of the PFII Bill is part of the government\u2019s efforts\nto realise a national economy that is stronger, more inclusive,\nsustainable, and globally competitive.<\/p>\n
\u201cThis Bill is being drafted as part of the government\u2019s efforts to\nrealise a national economy that is stronger, more inclusive,\nsustainable, and globally competitive, as reflected in the Astaciti\nprogramme,\u201d he said.<\/p>\n
According to him, Indonesia possesses significant capital to become a\nmajor player in the global financial ecosystem, ranging from the size of\nthe national economy and the vast domestic market to its strategic\ngeographical position, natural resource wealth, and long-term economic\ngrowth prospects.<\/p>\n
However, to date, Indonesia does not yet possess an international\nfinancial zone specifically designed with governance standards, legal\ncertainty, institutional frameworks, and competitiveness equal to\nvarious global financial centres.<\/p>\n
Therefore, the government proposes the establishment of the PFII as a\nspecialised zone to accommodate the needs of the global financial\nservices industry while acting as a catalyst for the deepening of the\nnational financial sector.<\/p>\n
\u201cThe establishment of the PFII is intended to increase Indonesia\u2019s\ncompetitiveness as an international financial centre, act as a catalyst\nfor deepening the national financial sector, develop financial sector\ninnovation, increase investment, facilitate real sector financing,\nnational strategic projects, sustainable financing, and strengthen the\nfinancial sector\u2019s contribution to Indonesia\u2019s overall economic growth,\u201d\nsaid Purbaya.<\/p>\n
He added that the drafting of the PFII Bill is also a mandate of\nArticle 248A of Law Number 4 of 2026 regarding the Amendment to Law\nNumber 4 of 2023 on the Development and Strengthening of the Financial\nSector (PPSK); thus, the establishment of the PFII has a strong legal\nfoundation as part of the national financial sector transformation\nagenda.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/purbaya-pfii-managed-funds-could-finance-danantara-projects-1782996885", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }