PFII Bill Still Under Deliberation, Only 20 of 97 Substance DIMs Discussed

Jakarta, CNBC Indonesia - Deputy Minister of Law Edward Omar Sharif Hiariej, known as Eddy Hiariej, has revealed that the Bill on the International Financial Centre (RUU PFII) is still under discussion with Commission XI of the House of Representatives (DPR). He stated that the total inventory of problems (DIM) serving as the substance amounts to 400 points. “The total DIM is around 400, but the permanent DIM is many, 157. Then there are about 57 editorial changes,” he said when met at the DPR building, Monday (13/7/2026). He explained that the focus of the government and DPR’s current discussion is on the DIM containing new substance, which totals 97 points. “What we are discussing now are 97 DIM, which are new substances. But we have only reached 20 DIM so far,” he disclosed. Previously, Coordinating Minister for Economic Affairs Airlangga Hartarto confirmed that Bali will be the location for the development of the PFII. He even stressed that the Government Regulation (PP) for its development has been prepared and could be completed before 16 August 2026, even though the PFII Law is still being discussed between the government and the DPR with a target completion date of 21 July 2026. “Yes, soon after that. Hopefully, everything will be ready before 16 August,” Airlangga said at his office, Jakarta, Friday (10/7/2026). According to Airlangga, Bali was chosen as the location for the PFII because its supporting infrastructure is already complete, ranging from an international-standard hospital in the Sanur Special Economic Zone (KEK) to its world-renowned tourism. He said the PFII will be placed in a special KEK in Bali, far from traffic congestion. “So we are offering something like in Dubai, where certain areas are not too busy, and likewise in other places. So Bali is one of the places that also requires first-class health conditions, and we already have the Sanur KEK,” Airlangga explained. Therefore, he said the government only needs to strengthen law enforcement and provide investor-friendly incentives so that the PFII can compete with other global financial centres such as Dubai and Singapore. “So compare Dubai’s USD 800 billion, Singapore’s SGD 5 trillion, and in this region, it has no competitors. So hopefully, by pushing this, there will be an alternative financial centre with the same legal framework as Dubai and Singapore,” he explained.