Bali’s ‘big leap’: from holiday paradise to international financial centre

Indonesia is pushing ahead to transform the holiday island of Bali into an international financial centre, with its parliament set to debate new laws this week while a key conference set out targets and cited models such as Hong Kong as an example. Minister of Investment and Downstream Industry Rosan Roeslani, who heads state-owned sovereign wealth fund Danantara Indonesia, said the financial centre was part of Jakarta’s efforts to establish itself as a trusted destination for investors seeki...

By Kolette Lim,Denise Tsang,Natalie Wong