WNA Globe

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#Prabowo Subianto ร—

Indonesiaโ€™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. Parliamentโ€™s passage of the enabling legislation on Tuesday laid the legal foundation for the hub, marking a milestone in President Prabowo Subiantoโ€™s push to attract more foreign capital into Southeast Asiaโ€™s largest economy and lift growth towards 8 per cent by the end of his term in 2029. Yet observers caution that the centre,...