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Politics 2 years ago
PREMIUM
Jakarta to remain national capital until decree is issued, says presidential aide
A presidential special staffer confirmed that Jakarta remains the capital city of Indonesia until a presidential decree declares the capital relocation to Nusantara Capital City (IKN), following claims that Jakarta had lost its status.
Presidential Race 2 years ago
PREMIUM
2024 election may worsen IKN’s appeal for investors
Non-committal statements from a presidential candidate and legal uncertainties over the project may pose threats to the new capital's continuation after President Joko "Jokowi" Widodo's term ends, analysts have concurred.
Companies 2 years ago
PREMIUM
More local firms start developing malls, hospitals in Nusantara
The President and the IKN Authority head attended a ceremony on Wednesday to break ground on another batch of development projects in the new capital, including a multifunctional residential complex and two hospitals.
Regulations 2 years ago
PREMIUM
Firms want direct 95-year land rights in Nusantara as uncertainty persists
Businesses have requested the government grant direct approval of nearly a century in land rights for investments made in the country’s future capital city, Nusantara, which experts perceived as a sign of the private sector’s reluctance to invest in such a high-risk project.
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