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View all search resultsforeign-investment
Markets 2 years ago
Indonesia launches new phase of industrial park in bid to lure investors away from China
The Batang integrated industrial park already hosts nearly 20 companies in 10 percent of its total area of 4,300 hectares, including South Korea's LG Energy Solution and glass maker KCC Glass.
Politics 2 years ago
PREMIUM
Jokowi looks to steady IKN Authority ship, claims big investment coming
During a groundbreaking ceremony in Nusantara, East Kalimantan, President Joko "Jokowi" Widodo claimed that the new capital city project will receive "a big investment" from the United Arab Emirates in the coming months, while urging potential investors to buy land in the future city.
Regulations 2 years ago
PREMIUM
Govt to realize Nusantara FDI after election dispute ruling
Following lackluster investment realization as businesses took a "wait and see" approach in the lead-up to the 2024 election, the government is planning to push foreign investors to make good on their IKN commitments once the election dispute is settled.
Economy 2 years ago
PREMIUM
IKN draws no foreign funds so far, but lots of interest: Jokowi
President Joko “Jokowi” Widodo has admitted that Indonesia’s new capital city megaproject has attracted no foreign investment so far, which experts say is because the project is commercially unattractive, irrespective of external macroeconomic conditions.
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