Indonesia sees new financial centre drawing up to US$27.8bil in investment
Indonesia plans to establish an international financial centre expected to attract up to US$27.8 billion in investment. The government is currently drafting legislation to provide tax and legal incentives to attract foreign banks and businesses.
Why it matters
The creation of a new financial hub could significantly alter the economic landscape of Southeast Asia and attract major global capital.
JAKARTA: Indonesia's planned international financial centre will attract up to about 500 trillion rupiah (US$27.79 billion) in investment, a senior finance ministry official said on Wednesday (July 8).
The report is a straightforward economic update based on government official statements.
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