The folly of making Bali into a financial hub

JAKARTA – Indonesia’s Bill on the Indonesia International Financial Center — first proposed in May 2024 to modernize the domestic financial sector and make Indonesia an Asia-Pacific capital hub — has become a top legislative priority. The government and House of Representatives have agreed to fast-track the bill, known as PFII, giving lawmakers just 20 […]

The post The folly of making Bali into a financial hub appeared first on Asia Times.