Jakarta, Aug. 14 -- President Prabowo Subianto announced plans to establish the Indonesia Financial Center (PFII) in Jakarta and Bali.

According to Prabowo, Jakarta will serve as the initial location for PFII, while the government is also preparing Bali as its next location. Similar financial centers could eventually be established in other areas considered attractive to investors and international funds.

"Today, I announce the planned location for the Indonesia Financial Center. We have determined the temporary location for PFII in Jakarta, and as soon as it is ready, we will also open PFII in Bali, and possibly in other areas," Prabowo said during his speech on the 2027 State Budget Draft and its Financial Note at the People's Consult...