Indonesia is considering turning the popular tourist destination of Bali into a regional financial hub as part of an effort to revitalize its struggling economy. The plan includes attracting international banks, asset managers, and private equity firms to the island, according to sources familiar with the discussions. President Prabowo Subianto has expressed support for the initiative as a means to attract foreign investment and diversify Indonesia’s economy beyond its reliance on tourism and commodities.
Indonesia Plans to Establish Bali as a Regional Financial Hub
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