Indonesia's International Financial Centre Bill Enters 2026 Priority Legislation Programme

The 23rd Plenary Session of the Indonesian House of Representatives (DPR RI) for the V Session Period of the 2025-2026 Session Year has agreed to include the proposed Bill on the Indonesian International Financial Centre (RUU PFII) in the 2026 Priority National Legislation Programme (Prolegnas). “The approval of this plenary session will be followed up in accordance with the applicable mechanism,” said DPR Speaker Puan Maharani, who chaired the plenary session, on Thursday (2/7/2026). In his report, Deputy Chairman of the DPR Legislation Body (Baleg) Martin Manurung explained that the designation of the RUU PFII as a 2026 Priority Prolegnas Bill considers the mandate of Law Number 4 of 2026 concerning Amendments to Law Number 4 of 2023 on Financial Sector Development and Strengthening (P2SK). Under the latest P2SK Law, Martin stated that the RUU PFII must be completed within three months after the P2SK Law is enacted. “The intended PFII Law must be established no later than three months from the enactment of the Law on Financial Sector Development and Strengthening, which was promulgated on 17 June 2026,” Martin said. He stated that the urgency of forming the RUU PFII is solely for the welfare of all Indonesian people and the nation as mandated by the 1945 Constitution of the Republic of Indonesia. “Sustainable economic growth is required, along with the deepening and diversification of the national economy through effective contributions to the financial sector, so that to realise these conditions, an Indonesian International Financial Centre needs to be established,” Martin emphasised. He said the PFII will be granted special authority as a driver of Indonesia’s sustainable economy in the future, serving as a concentration of financial services, a centre for technology development, and financial services support as a trusted financial centre managed based on the principles of efficiency, transparency, and integrity. The establishment of the Indonesian International Financial Centre, he added, also aims to enhance Indonesia’s competitiveness as an international financial centre, encourage deepening and innovation in the financial sector, and attract investment and financial sector players, both national and international. Furthermore, it aims to facilitate financing for the real sector, national strategic projects, sustainable financing, climate financing, infrastructure financing, and other financing, as well as strengthen the financial sector’s contribution to the national economy. “The Indonesian International Financial Centre is included in the 2026 priority national legislation programme as a government initiative proposal,” he said.