INDONESIA’S PLAN FOR A SINGAPORE RIVAL STARTS TO TAKE SHAPE

Indonesia wants to build a financial centre to rival Singapore, Hong Kong or Dubai, but analysts say the real work of persuading global investors has barely begun. Parliament’s passage of the enabling legislation on Tuesday laid the legal foundation for the hub, marking a milestone in President Prabowo Subianto’s push to attract more foreign capital into Southeast Asia’s largest…

News - South China Morning Post reports that indonesia wants to build a financial centre to rival Singapore, Hong Kong or Dubai, but analysts say the real work of persuading global investors has barely begun.

The report adds: Parliament’s passage of the enabling legislation on Tuesday laid the legal foundation for the hub, marking a milestone in President Prabowo Subianto’s push to attract more foreign capital into Southeast Asia’s largest…

Yet observers caution that the centre,...

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