Indonesian researchers urge incentives for new financial hub

Antara NewsState / PublicCenter4 hr. ago

Indonesian researchers are calling on the government to introduce competitive fiscal incentives to attract foreign investment to the newly established Indonesia International Financial Center (PFII). Syahrir Ika, chairman of the Indonesian Researchers Association (PPI), emphasized that Indonesia must match the incentives offered by regional competitors like Singapore, Malaysia, and the UAE to remain attractive to global investors. He stressed the need for a stable investment climate with legal certainty and cautioned against policies that could jeopardize fiscal sustainability. While supporting the PFII's establishment, Ika warned against creating unfair advantages within the financial zone that might distort the broader domestic business environment. The PFII was recently legalized by Indonesia's House of Representatives, aiming to enhance the country's position in international finance.

Bias read (Center): The article presents a balanced discussion of the need for fiscal incentives while highlighting potential risks such as fiscal sustainability and unfair competition. It does not overtly favor any particular political ideology or party, focusing instead on expert recommendations and policy concerns.