Confirmed: Danantara to Provide Initial Capital for PFII, Here's the Scheme
Jakarta, CNBC Indonesia — The Indonesian International Financial Centre (PFII) Law designates the Daya Anagata Nusantara Investment Management Agency (BPI Danantara) as the initial capital contributor to the establishment of the Indonesian International Financial Centre (PFII). This is stipulated in Article 24 of the Law on the Indonesian International Financial Centre.
BPI Danantara will inject capital into the PFII Managing Institution (LP). This injection of funds, however, does not place the LP PFII under the control of BPI Danantara.
“Danantara’s special investment in the LP PFII is the fulfilment of a statutory mandate specific to the LP PFII and does not result in any ownership or control rights over the LP PFII,” the statement said.
This special investment by BPI Danantara must take into account the operational cost requirements of the LP PFII as set out in Article 26, paragraph 1. The PFII Board is then obliged to submit a work plan and budget for the use of the initial capital to the President for approval within a maximum of 30 calendar days after receiving the initial capital.
The LP PFII is an independent, transparent and accountable institution in carrying out its duties and authorities.
The LP PFII is tasked with managing the operational affairs of the PFII, as well as regulating and supervising other sector business activities. Meanwhile, the LP PFII’s authorities include, among others, providing administrative, operational and business support services, and creating, maintaining and administering special lists or registers.
The LP PFII is also authorised to develop, operate and maintain infrastructure, technology, facilities and services; to levy charges, fees and/or contributions on Business Actors and other parties conducting activities in the PFII; and to carry out other functions necessary for or related to the LP PFII’s duties.
In addition to Danantara, the PFII’s initial capital may come from business entities, state or regional assets provided through grants, and other lawful sources in accordance with prevailing laws and regulations.
The PFII Board is obliged to submit a work plan and budget for the use of the initial capital to the President for approval within a maximum of 30 calendar days after receiving the initial capital.
The work plan includes budgeting for pre-operational costs and the establishment of the PFII, the LP PFII, the PFII Financial Services Supervisory Institution (LPJK PFII), and the PFII Court.
Minister of Investment and Downstream Industries Rosan Roeslani previously revealed that the initial capitalisation would be carried out in stages.
“Yes, of course there will be stages. There are stages,” he said when met at the DPR RI building in Jakarta on Tuesday (21/7/2026).
Rosan, who also serves as Chief Executive Officer of BPI Danantara, said that investment treaty instruments would also be involved.
“Later we will also enter into investment treaties and so on. So there will definitely be stages,” he said.
An investment treaty is an international agreement between two or more countries created to protect and promote business investments by a country’s citizens or companies in another country.