Airlangga Reveals Bali to Host Three International Financial Centres

Coordinating Minister for Economic Affairs Airlangga Hartarto has revealed that the planned locations for the International Financial Centre (IFC) or Indonesian International Financial Centre (PFII) project remain in Bali, with no current plans to open locations elsewhere. Airlangga stated that the PFII locations are still in Bali, with potential sites in the Kura Kura Special Economic Zone (KEK) and the Sanur KEK, which were previously reviewed by several officials from the Coordinating Ministry for Economic Affairs. “We will prepare the PFII locations in Bali. We have not yet determined any locations outside of Bali,” Airlangga told reporters at his office on Wednesday (24/6/2026). Airlangga added that his party plans to add one more location in Bali. However, it is not yet known which area will be transformed into a PFII site. “But in Bali, there could be three points,” said Airlangga. The current development regarding the PFII is still under discussion for a proposed Bill to regulate it. The Legislative Body of the Indonesian House of Representatives has already agreed to the existence of a Bill on the PFII. “We will establish the law first, after that, we will arrange the technicalities,” Airlangga explained. The PFII is designed with competitive regulations offering highly attractive tax incentives, with the potential for rates as low as 0%, similar to global financial centres like Dubai or Singapore. Airlangga estimates that the presence of the PFII could significantly increase the value of investment entering Indonesia. “Currently, with traditional investment, we see roughly Rp2,200 trillion per year. But compare that to Singapore, which can attract investment related to their financial centre that multiplies many times over. Similarly in Dubai, their annual investment can reach US$800 billion,” he stated. As of the first quarter of 2026, the Kura Kura Bali KEK recorded realised investment of Rp1.62 trillion with employment absorption reaching 2,146 people. Meanwhile, cumulatively up to the first quarter of 2026, the Sanur KEK recorded realised investment of Rp5.37 trillion, with employment absorption reaching 5,444 people and tourist visits totalling 279,804.