JAKARTA - Chairman of the Association of Strategic Socio-Economic Cadres (AKSES) Suroto assessed that the passing of the Indonesia International Financial Center Law (UU PFII) is a crucial milestone in the national economic transformation, as it opens up space for Indonesia to improve its competitiveness as a global investment destination.
According to Suroto, the presence of UU PFII does not merely regulate the establishment of financial zones or provide facilities for wealth management (family offices). Instead, it builds a new foundation so that Indonesia can attract high-quality international capital inflows.
"The approach in UU PFII must be understood as a long-term economic transformation strategy. It is not just about building a zone or presenting family offices, but how Indonesia has a financial center that is able to compete globally and become a gateway for international investment," Suroto said in Jakarta, Tuesday (21/7/2026).
He explained that Indonesia has great economic potential, but still faces challenges in attracting cross-border investments. This requires legal certainty, credible governance, and competitive regulations equivalent to world financial centers.
Therefore, the existence of UU PFII is considered an important instrument to increase investor confidence while strengthening Indonesia's position on the international financial map.
Suroto said the international financial center regulated in the law has the potential to become a one-stop investment hub that makes it easier for investors to obtain various investment, financing, and business development services in one integrated ecosystem.
According to him, this model has been applied in a number of world financial centers such as Dubai and Hong Kong, which have successfully developed into nodes of global capital movement while driving domestic economic growth.
"Indonesia needs an integrated investment service center so that business processes become more efficient, transparent, and competitive. That way, global capital will have a stronger reason to enter Indonesia," he said.
Furthermore, Suroto assessed that increased international investment will expand the diversification of development financing sources, so that the country does not only rely on conventional financing or domestic investment.
The entry of global capital, he continued, also has the potential to accelerate the development of various strategic sectors. This includes technology-based industries, modern financial services, the digital economy, and processing industries that provide added value to national commodities.
"The most important thing is not only the value of the incoming investment, but the quality of the investment. Indonesia needs investments that bring technology, innovation, productivity improvement, and create new value chains for national industries," he said.
He added that quality investment will open up opportunities for the entry of global technology companies that can accelerate knowledge transfer and innovation, as well as strengthen the competitiveness of Indonesian industries in the international market.
In addition to encouraging investment, Suroto assessed that the implementation of UU PFII must also be directed at strengthening human resource development to be able to meet the needs of global-standard industries.
According to him, building an international financial center is not enough just to present physical infrastructure and investment incentives, but also requires a supportive ecosystem. This starts from talent development, increasing workforce competence, to collaboration with educational institutions and the business world.
"Economic transformation requires strengthening human capital. The presence of an international financial center must be a catalyst for improving the quality of the Indonesian workforce to be able to compete at the global level," he said.
Suroto also emphasized the importance of implementing UU PFII supported by good governance, legal certainty, and consistent regulations so as to provide a sense of security for business actors and investors.
He said regulatory credibility is a major factor in building international market trust because investors not only consider economic potential, but also policy stability and institutional quality.
"Investor trust is built through legal certainty, transparent governance, and credible regulations. Therefore, the implementation of this law must be consistent so that its economic benefits are truly felt in the long term," Suroto said.
He hopes the passing of UU PFII will become a momentum for Indonesia to accelerate transformation towards a more productive, innovative, and highly competitive economy, while strengthening Indonesia's position as one of the centers of economic growth in the Asian region.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
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