FLASH. In less than a month, deliberations on the Bill on the Indonesia International Financial Centre (PFII) concluded with remarkable speed, culminating in its enactment into law. The legislation fulfills the mandate of Article 248A of Law No. 4 of 2026, amending Law No. 4 of 2023 on Financial Sector Development and Strengthening (P2SK). The more pressing question, however, is whether PFII will emerge as a transformative financial hub or ultimately become another ambitious project destined to languish unfinished.
