Key facts
- Indonesia is developing a new capital city named Nusantara.
- The goal of Nusantara is to rival Singapore as a financial hub.
- Indonesia's strategy emphasizes building legal trust to attract investment.
- Tax cuts are not the primary focus for developing the financial hub.
Indonesia is actively developing its new capital city, Nusantara, with the ambition of creating a financial hub that can rival Singapore. The country's approach to achieving this goal centers on establishing a strong foundation of legal trust to attract foreign investment, rather than prioritizing tax incentives. This strategic focus on legal certainty is seen as crucial for building confidence among potential investors and fostering the growth of Nusantara as a significant financial center.