OJK Confident International Financial Hub Will Attract Quality Investment
The Financial Services Authority (OJK) has responded to the government’s plan to establish an International Financial Centre for Indonesia (PFII). Chair of the OJK Board of Commissioners, Friderica Widyasari Dewi, stated that the OJK supports the formation of the PFII as it is believed to attract quality investment to Indonesia. “Of course, the OJK welcomes the government’s plan to establish the International Financial Centre for Indonesia, or PFII. We see this as an effort to develop and strengthen the national financial sector,” Friderica said during a virtual press conference for the June 2026 Monthly Board of Commissioners Meeting on Tuesday (7/7/2026).
Beyond developing and strengthening the national financial sector, Friderica, familiarly known as Kiki, said the establishment of the PFII would also clarify Indonesia’s position within the international financial ecosystem. The target is to attract investment while deepening financial markets. “We believe that quality fresh funds entering the PFII can benefit the national economy. However, this must be done while maintaining the stability of the national financial system,” she explained.
The government, together with the House of Representatives (DPR), has begun discussing the Draft Law on the International Financial Centre of Indonesia (RUU PFII). The bill is a strategic step by the government to build an internationally standardised financial centre capable of attracting investment, strengthening the national financial sector, and enhancing Indonesia’s global competitiveness. This was conveyed by Minister of Finance Purbaya Yudhi Sadewa during a working meeting with Commission XI of the DPR in Jakarta on Thursday (2/7/2026).
“This Draft Law is prepared as part of the government’s efforts to realise a stronger, more inclusive, sustainable, and globally competitive national economy, as reflected in the Asta Cita programme,” Purbaya stated, quoting a press release. Purbaya explained that Indonesia possesses strong capital to take a greater role in the global financial ecosystem through its large national economy, vast domestic market, strategic geographical position, wealth of natural resources, and good long-term economic growth prospects.
However, to date, Indonesia has not had a specially designed international financial area with governance standards, legal certainty, institutions, and competitiveness on par with other international financial centres in the world. On this basis, the government is proposing the establishment of the PFII as a special zone to accommodate the needs of the global financial services industry while acting as a catalyst for deepening the national financial sector.
“The establishment of the PFII is intended to enhance Indonesia’s competitiveness as an international financial centre, serve as a catalyst for deepening the national financial sector, develop financial sector innovation, increase investment, facilitate financing for the real sector and national strategic projects, promote sustainable financing, and strengthen the financial sector’s contribution to Indonesia’s overall economic growth,” he explained. He added that the drafting of the PFII Bill is also mandated by Article 248A of Law Number 4 of 2026 concerning Amendments to Law Number 4 of 2023 on Financial Sector Development and Strengthening (PPSK). Thus, the formation of the PFII has a strong legal foundation as part of the national financial sector transformation agenda.
Under the bill, the PFII is designed as an area within the Unitary State of the Republic of Indonesia granted special status to support financial sector business activities, supporting financial services activities, and other economic activities that support the development of an international financial centre ecosystem. To create a competitive ecosystem, the PFII Bill also regulates various business facilitation measures, including immigration, employment, residency, licensing, and taxation facilities. These facilities are designed in a measured way to attract long-term investment while encouraging high-value-added economic activities in Indonesia.
Furthermore, the government proposes the establishment of a special PFII court to provide legal certainty for international business actors. The court will have the authority to examine, adjudicate, and decide disputes related to business activities within the PFII as well as international commercial disputes connected to the area. “One of the most critical elements for the success of an international financial centre is the availability of legal certainty and a dispute resolution mechanism that is fast, professional, and trusted by international business actors,” Purbaya explained.
He assessed that the formation of the PFII would not only benefit business actors within the area but would also have a broad impact on the national economy through increased investment, job creation, knowledge transfer, human resource development, and enhanced Indonesian competitiveness. Therefore, the government hopes that the discussion of the PFII Bill with the DPR can proceed constructively to produce a strong legal foundation for building an Indonesian international financial centre that is globally competitive, based on good governance, and possesses legal certainty.