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The Nexus
BUSINESSJul 26 · 00:00 UTCSCMP CHINAKolette Lim

Indonesia’s plan for a Singapore rival starts to take shape

Indonesia aims to build a financial centre to rival Singapore, Hong Kong, or Dubai. Parliament passed enabling legislation for the hub, a milestone in President Prabowo Subianto’s efforts to attract foreign capital and boost growth to 8% by 2029. Analysts caution that persuading global investors remains a significant challenge.

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IndonesiaplaceSingaporeplaceHong KongplaceDubaiplacePrabowo SubiantopersonIndonesian ParliamentorganizationFinancial Centretopic
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