Indonesia bets on Bali’s ‘aura’ to build new international financial centre to rival Singapore and Hong Kong

Luhut, chairman of Indonesia’s National Economic Council, told This Week in Asia, the South China Morning Post’s regional affairs platform, on the sidelines of the Nusa Dua Forum that interest had grown among investors seeking alternatives amid geopolitical tensions, including the conflict in the Middle East.

“They said ‘We’d like to move our assets, we’d love very much to stay away from here and live in Bali, because it’s so peaceful in Bali’,” he was quoted as saying.

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