Danantara CEO: Indonesia Financial Centre to Be Managed by Special Authority
CEO of the Investment Management Agency Daya Anagata Nusantara (Danantara) and Minister of Investment and Downstreaming Rosan Roeslani stated that the establishment of the Indonesia Financial Centre (IFC), currently under government review, will be managed by its own authority body.
Rosan said that the existence of such an authority is necessary to specifically manage the financial centre area.
“Yes, there will be its own authority body,” Rosan said after a meeting at the Coordinating Ministry for Economic Affairs in Jakarta on Tuesday.
He explained that the formation of the IFC is still in the early discussion stage and will be further addressed through cross-ministerial and agency coordination.
According to him, the government is preparing various supporting aspects, from regulations and legal frameworks to incentives to attract global financial industry players.
“We will soon be called by the President to discuss the establishment of the Indonesia Financial Centre, where we plan to look at potential locations in Bali,” he said.
He added that the government will also identify several needs that must be followed up by each relevant stakeholder.
“We will also compare it with financial centres in Dubai, Abu Dhabi, Singapore, and others,” he said.
He assessed that this step is important to ensure the competitiveness of Indonesia’s financial centre on a global level.
Rosan also mentioned that Danantara has the potential to play a role as one of the initiators in overseeing the development of the financial centre area.
Previously, the government has also been refining regulations for the establishment of a special economic zone (SEZ) in the financial sector in Bali as a foundation for developing an international financial centre.
This development is directed, among others, in the Kura-Kura Bali SEZ area, which is being prepared to support the global financial centre ecosystem.
By the first quarter of 2026, the SEZ area in Bali has recorded realised investments of Rp5.37 trillion with the absorption of thousands of workers, demonstrating the potential for developing high-value investment-based sectors.