Indonesia Pushes PFII Finance Hub Within 3 Months to Capture Global Capital

3 articles · Updated · ANTARA English · Aug 3

Indonesia is moving to establish the PFII under the P2SK law within three months, with lawmakers calling the timing urgent as global funds seek new investment bases.
Mohamad Hekal said wars in the Middle East, the Russia-Ukraine conflict and broader economic shifts have opened a narrow window that could close if Indonesia delays.
The planned hub would offer internationally competitive rules, including specialized dispute resolution, commercial courts with ad hoc judges, arbitration, English-language contracts and AML-CFT compliance to improve legal certainty.
Economist Josua Pardede said PFII could deepen domestic financial markets and widen long-term funding for downstream industries, infrastructure and the energy transition, but only if regulation, governance and transparency stay consistent.
Earlier discussions centered on Bali or Jakarta as the site, with officials targeting Rp 300-500 trillion in foreign investment and a 2-3 year transition starting in Jakarta.