Finance Minister Purbaya opens opportunities for financial KEK to fund Danantara projects
Jakarta (ANTARA) - Finance Minister Purbaya Yudhi Sadewa has opened opportunities for a special economic zone (SEZ) in finance, the International Financial Centre (IFC) in Bali, to become a new source of funding for Danantara projects as well as for private projects.
“Money there (IFC) can be used to invest in the many Danantara projects with good returns. Or in projects outside the economic zone with good prospects,” Purbaya stated during a press conference of the Financial System Stability Committee (KSSK) in Jakarta on Thursday.
In addition, Purbaya conveyed that the IFC could also invest in government bonds (SUN). Therefore, he believes the IFC can become a source of development financing for both the government and the private sector.
“If (the funds) are just left there, doing nothing, they won’t get a ‘return’. At best, they should be placed in my area (SUN), in other financial sectors, but the most attractive is in the real sector,” he said.
To attract capital owners, Purbaya offered tax exemptions on assets of global investors entering the financial SEZ and will implement certain laws in the zone.
He believes the tax exemption policy will not bring losses to Indonesia. Purbaya emphasised that the IFC will only require approximately 100 hectares of land.
The core of establishing the IFC, Purbaya explained, is its ability to fund other projects outside the zone.
“And that will be designed in not too long a time. It will be implemented soon,” he said.
The government is refining regulations for establishing the financial sector SEZ in Bali as the foundation for developing an international financial centre.
This development is directed, among others, at the Bali Kura-Kura SEZ, which is being prepared to support the global financial centre ecosystem.
By the first quarter of 2026, the SEZ in Bali has recorded an investment realisation of Rp5.37 trillion with the absorption of thousands of workers, demonstrating the potential for developing investment-based sectors with added value.