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Indonesia unveils $6-7B Kura Kura financial hub

5/7/2026

Summary

Story summary

Indonesia announced a financial centre in the Kura Kura SEZ on Serangan island near Denpasar.
Coordinating Economic Minister Airlangga Hartarto said the hub will boost competitiveness and draw investors.
President Prabowo Subianto cited safety as a key advantage, while officials expect about 104.4 trillion rupiah ($6–7 billion) in investment.
The government is drafting regulations and incentives and may create a financial authority, though experts note Bali lacks markets, seasoned regulators and infrastructure.

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Story summary

Indonesia announced a financial centre in the Kura Kura SEZ on Serangan island near Denpasar.
Coordinating Economic Minister Airlangga Hartarto said the hub will boost competitiveness and draw investors.
President Prabowo Subianto cited safety as a key advantage, while officials expect about 104.4 trillion rupiah ($6–7 billion) in investment.
The government is drafting regulations and incentives and may create a financial authority, though experts note Bali lacks markets, seasoned regulators and infrastructure.