PFII Enters 2–3 Year Transition Period, Initial Operations to Be Held in Jakarta

Investment and Downstreaming Minister/Head of BKPM and CEO of Danantara, Rosan Roeslani, has revealed that the Indonesia International Financial Centre (PFII) will enter a transition period of around two to three years after the PFII Law is officially enacted. During this transition period, the initial operations of the international financial centre will be run from Jakarta before being developed in the main area designated by the government, namely Bali. Rosan said the government is starting to follow up on the ratification of the PFII Law, which has been approved by the House of Representatives. The next stage is to prepare various institutional aspects, regulations, and supporting infrastructure so that the PFII can operate as an international-standard financial centre. “As was conveyed earlier, the law has been approved by the DPR. Indeed, the plan is that there will be a preparation period of about two to three years until this becomes an international-standard financial centre,” Rosan said at the Presidential Palace on Thursday (23/7/2026). According to Rosan, Jakarta will be the temporary operational location for the PFII during the preparation period. Once the supporting ecosystem, institutions, and infrastructure are deemed ready, the development of the international financial centre will be continued in Bali according to the government’s plan. In addition to preparing infrastructure, the government is also beginning to explore global investor interest in the establishment of the PFII. Rosan said the response received so far has been quite positive. He admitted to having held meetings with around 11 prospective international investors, including family office managers, who have shown interest in Indonesia’s plan to build a global-standard financial centre. “I also met with 11 investors, including from family offices and others. The response was very, very positive regarding the existence of this financial centre that will be in Indonesia,” he said. To support the initial operations of the PFII in Jakarta, the government has confirmed it will not construct a new building. Instead, an existing government-owned building will be utilised as a temporary office during the transition period. Meanwhile, the development of the main PFII area in Bali will later be managed by an area management body supported by various institutional apparatus so that the international financial centre can operate optimally. “It will be led by an area manager and supported by all the necessary apparatus so that this financial centre can function properly and correctly,” Rosan concluded.