Indonesian researchers are advocating for government action to bolster the country’s planned new financial hub. The Indonesian Researchers Association (PPI) believes competitive fiscal incentives are crucial to attracting both domestic and foreign investment. These incentives, they argue, will be key to establishing the hub as a significant regional financial center. Researchers emphasize the need to counter competition from established hubs in Singapore and Hong Kong. Specifically, they suggest tax breaks and streamlined regulations to encourage financial institutions to relocate. The PPI believes a successful financial hub will stimulate economic growth and create job opportunities within Indonesia. Ultimately, they aim to position Indonesia as a leading force in the Southeast Asian financial landscape.

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