THE FINANCIAL HUB RACE
Can Bali swop beach capital for global capital without the skyscrapers?
The island’s global appeal could lure financial institutions, but its congested landscape poses challenges
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South-east Asia is building a new generation of financial centres to draw global capital. This three-part series begins with Indonesia’s ambitions for Bali.
[BALI] For Jakarta-based investment banker Roland Sihombing, the prospect of watching a spectacular sunset over Bali’s Kuta Beach shortly after market close is an easy sell.
The 35-year old executive has been eagerly following updates since learning that his employer, a state-owned investment bank, could be among the early batch of companies to support the government’s proposed international financial centre (IFC) in Bali.
