JAKARTA - The government will use the Danareksa Building in Jakarta as the initial location of the Indonesia International Financial Center before the main area is developed in Bali.
Head of the Investment Management Agency, Rosan Roeslani, said the building was chosen because it was new and was under the management of a company related to Danantara.
"We will use one of our buildings. It so happens that the Danareksa Building is a new building and the plan is to use it when preparing the financial center in Jakarta first," said Rosan at the Presidential Palace Complex, Jakarta, Thursday, July 23.
Jakarta will be the location of the transition for two to three years. The government needs time to build an international financial center in Bali.
Danantara will act as the developer of the area. However, Rosan has not detailed the amount of initial capital that will be prepared or the budget needs to build the financial center.
According to Rosan, the management of the financial center will be led by the regional chairman and a governor appointed by President Prabowo Subianto.
They will prepare the devices, systems, and institutions so that the financial center can function.
"Danantara as a developer of the area. The financial center will later be led by the head of the area and the governor," he said.
Rosan said the law on the financial center had been approved by the DPR. The President then asked that its implementation be prepared immediately.
The government plans to develop the financial center in Jakarta and Bali. However, Rosan has not explained the form of the division of functions of the two locations after the financial center in Bali is completed.
He also has not said when the temporary office at the Danareksa Building will be used.
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