South China Morning Post
International ยท 3 hrs ago
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Can Indonesia turn holiday island Bali into a global financial hub?
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Indonesia has announced plans to develop a financial hub on Bali's Serangan island, modelled after Dubai, Hong Kong, and Singapore, though the project faces significant systemic and infrastructural challenges.
Can Indonesia turn holiday island Bali into a global financial hub?
Indonesia has unveiled a new vision to transform the holiday island of Bali into a global finance hub inspired by destinations such as Dubai, Hong Kong and Singapore, but the tourist hotspot faces a raft of systemic and infrastructural hurdles before it can attain the lofty goal.
Indonesian Chief Economic Minister Airlangga Hartarto earlier this week said the government was finalising regulations to establish a financial hub in the Kura Kura Special Economic Zone (SEZ) on Serangan island, 500...
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