Airlangga: Bali Suitable as Location for Indonesia International Financial Centre

The government is still reviewing the location that will become the home of the Indonesia International Financial Centre (PFII). Although no final decision has been made, Bali is one of the strong candidates being considered by the government. Coordinating Minister for Economic Affairs Airlangga Hartarto revealed that he and Minister of Investment and Downstreaming/Head of BKPM Rosan Roeslani have conducted a direct inspection of several potential locations in Bali. The locations inspected include special economic zones (KEK), land owned by State-Owned Enterprises (BUMN) in West Bali, and BUMN land located around the airport area. “Yesterday, Mr Rosan and I inspected several places in Bali. One of them is land owned by BUMN in Bali. This includes looking at several KEKs, as well as land in West Bali and land near the airport owned by BUMN. So, these are the alternatives for the establishment of the PFII,” Airlangga said when met at his office on Wednesday (22/7/2026). According to Airlangga, there are several reasons why Bali is considered attractive as a location for the PFII. Besides the availability of adequate land, the existence of a health KEK is also an added value that can support the operations of the international financial centre. “First, of course, is the land area. Second, Bali’s location is very suitable because there is already a health KEK. One of the requirements for a financial centre is that it must have special health facilities. This is so that investment managers, investors, and others will feel comfortable and safe,” Airlangga said. However, the government has not yet determined the final location for the PFII. Currently, the government’s focus is still on drafting derivative regulations after the House of Representatives passed the PFII Law in a Plenary Session on Tuesday (21/7/2026). “After the law is passed, then the government regulation will be prepared,” said Airlangga. The PFII is projected to become an international financial services centre expected to attract global investors, deepen the domestic financial market, and strengthen Indonesia’s position as a financial hub in the region. The government is targeting the completion of derivative regulations soon so that the area’s development process can be accelerated.