Government Prepares Bali as Global Financial Centre

JAKARTA – Dony Oskaria, Head of BP BUMN and Chief Operating Officer (COO) of Danantara, said the government is preparing Bali as the location of the Indonesian International Financial Centre (PFII), which is expected to strengthen Indonesia’s competitiveness as a global financial hub. He made the remarks during a meeting with Danantara’s Chief Investment Officer (CIO) Pandu Sjahrir and the Managing Directors and Board of Directors (BoD) to discuss the development of the PFII.

“In its development, the government has taken the Dubai International Financial Centre (DIFC) as a benchmark, as it is considered to have successfully transformed Dubai into one of the world’s leading financial centres,” Dony said in a written statement in Jakarta on Tuesday (14 July 2026).

Dony noted that the DIFC offers various advantages, including corporate tax incentives of up to zero per cent for 40 years, serving as a hub of activity for more than 50,000 professionals, and being known as the “Wall Street of MEASA” (Middle East, Africa, and South Asia).

By adopting these best practices, Dony hopes the PFII in Bali will be able to attract global investment, deepen the domestic financial market, broaden access to financing, and strengthen Indonesia’s position in the international financial ecosystem.

Dony said the meeting focused on investment strategy, building a globally standardised financial ecosystem, and optimising Danantara’s role in supporting the development of assets, infrastructure, and support services for the PFII. He said the PFII is not merely about building a financial district, but also about building the world’s confidence in Indonesia.

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

Through this synergy, Dony said 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.