HKThe article discusses the shift in priorities among global investors, who are increasingly valuing legal certainty and regulatory stability over traditional tax incentives. It highlights that Indonesia's recent legislative approval for its first international finance center must focus on building trust through enforceable contracts and reliable governance rather than relying solely on tax cuts. Experts like Ramkishen Rajan and Aurelio Gurrea-Martinez emphasize that established financial centers such as Singapore and Hong Kong have thrived due to their stable institutional frameworks. The piece underscores the importance of consistent policies and effective dispute resolution mechanisms in attracting international investment.
Bias read (Center): The article presents balanced expert opinions from economists and law professors without overtly favoring any particular political ideology. While discussing the need for regulatory stability, it does not take a partisan stance on specific government policies or political factions. The framing is ap
