Airlangga says location of PFII in Bali still under evaluation

Coordinating Minister for Economic Affairs Airlangga Hartarto has said that the location of the International Financial Centre of Indonesia (PFII) in Bali is still under evaluation.

“Bali is still under evaluation,” said Airlangga when met at the Office of the Coordinating Ministry for Economic Affairs in Jakarta on Thursday.

When asked about the exact location of the PFII on the Island of the Gods, following rumours of its establishment in several areas such as North Bali, Kura-Kura, and Sanur, Airlangga did not provide further details other than to say it would be on “land owned by Danantara”.

“No, the location is at one of the sites owned by Danantara,” he said briefly.

In addition, Airlangga has not yet provided details on the Government Regulation concerning the PFII, which was previously targeted for completion by 16 August 2026 as a technical implementing regulation following the enactment of the PFII Law.

“We will see later. I have not looked at it further yet,” he said.

Previously, President Prabowo Subianto announced plans for the location of the Indonesia Financial Centre, or the International Financial Centre of Indonesia (PFII), to be developed in Jakarta and Bali.

The Head of State said Jakarta would be the initial location of the PFII. The government is also preparing Bali as the next development location, with the opportunity to open similar areas in other regions deemed attractive to investors and large funds from abroad.

According to him, the PFII will become the new face of Indonesia’s financial centre, oriented towards investment, financial technology, arbitration, and commercial dispute resolution with international standards.

Activities that can be developed at the PFII include various financial services sectors, such as banking, insurance, capital markets, derivatives, carbon exchanges, bullion, fintech, Islamic finance, family offices, treasury centres, and investment management.

The government is also preparing a number of facilities to increase the attractiveness of the PFII for international investors, including certainty of transfer and repatriation of capital and profits, tax facilities for activities that meet requirements, golden visas, as well as competitive licensing services and strict compliance standards.