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Politics 7 months ago
PREMIUM
Govt shrugs off Nusantara ‘ghost town’ concerns
The construction of legislative and judicial office buildings has officially begun in Nusantara, as President Prabowo Subianto’s administration again stressed its commitment to the country’s future capital city after international media raised fresh doubts over the project’s long-term prospects.
Economy 1 year ago
PREMIUM
Govt faces hurdles in bridging infrastructure funding gap
The government is banking on corporate participation to bridge Indonesia’s infrastructure funding gap, but experts warn that strained finances of state-owned construction firms and the current reluctance of private investors to commit to large-scale projects may hinder progress.
Companies 1 year ago
PREMIUM
Daewoo reportedly plans to invest $1b in RI’s oil and gas, construction sectors
The South Korean company previously signed a memorandum of understanding for a project in the planned new capital city of Nusantara and secured a contract for piping at the BP-operated Tangguh LNG facility in West Papua.
Companies 1 year ago
PREMIUM
Adhi Karya seeks Rp 2t back pay from govt for Jabodebek LRT
Adhi Karya has asked the government to resolve almost $130 million in outstanding payments for the Greater Jakarta LRT project so it can meet its its obligations to vendors, an issue that has only been compounded by last month's sweeping budget cuts.
