Indonesia proposes bill to establish international financial centre
Jakarta, June 24 -- The Indonesian Government has proposed a bill on the Indonesia International Financial Centre (IIFC) be included in the 2026 National Legislation Programme, aiming to strengthen the country's competitiveness as an international financial centre and attract investment. Speaking at a parliamentary working meeting in Jakarta, Indonesian Deputy Minister of Law Edward Omar Sharif Hiariej said that the proposed law would serve as the legal basis for establishing the IIFC, in line with mandates under the Financial Sector Development and Strengthening Law. The first objective is to improve Indonesia's competitiveness as an international financial centre; second, to encourage financial sector deepening and innovation; third, to a...
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