Indonesian Political, Business & Finance News

Danantara ready to support Bali as global financial centre

| Source: ANTARA_ID Translated from Indonesian | Finance
Danantara ready to support Bali as global financial centre
Image: ANTARA_ID

Jakarta (ANTARA) - Danantara has stated its readiness to support Bali as the location of Indonesia’s International Financial Centre (PFII), so as to strengthen Indonesia’s competitiveness as a global financial hub.

“PFII is not merely about building a financial district, but also about building the world’s trust in Indonesia,” said Danantara’s COO and Head of the State-Owned Enterprises Regulatory Body (BP BUMN), Dony Oskaria, in Jakarta on Wednesday.

According to him, the government is currently using the Dubai International Financial Centre (DIFC) as a benchmark, as it has succeeded in making Dubai one of the world’s leading financial centres.

DIFC, he continued, offers various advantages, including corporate tax incentives of up to 0 per cent for 40 years, serving as a hub for more than 50,000 professionals, and being known as the “Wall Street of MEASA” or the Middle East, Africa and South Asia.

By adopting these best practices, the PFII in Bali is expected to attract global investment, deepen the domestic financial market, broaden access to financing, and strengthen Indonesia’s position within the international financial ecosystem.

As part of the preparations, on Tuesday (14 July 2026), Dony led a meeting with Danantara’s Chief Investment Officer (CIO), Pandu Sjahrir, along with the Managing Directors and the Board of Directors (BoD) to discuss the readiness of the PFII’s development.

The discussions focused on investment strategy, the development of a globally standard financial ecosystem, and optimising Danantara’s role in supporting the development of assets, infrastructure and supporting services for the PFII.

“With a competitive, globally standard ecosystem, we want to bring in more investment that delivers real impact on national economic growth,” he said.

Through this synergy, the government is optimistic that the PFII in Bali will become a magnet for international investment, strengthen Indonesia’s position as a regional financial centre, and drive sustainable national economic growth.

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