Indonesia’s parliament approves $1 billion budget top-up for new capital
JAKARTA, 9 June 2023 – Indonesia’s parliamentary budget committee has approved additional 15 trillion rupiah ($1.01 billion) to speed up construction of the flagship new capital Nusantara, a senior lawmaker said on Friday. Said Abdullah, the committee’s chair, said the additional 15 trillion will go…
SoftBank Offers to Invest Up to $40bn in Indonesia’s New Capital
Source: BangkokPost, January 19 2019 JAKARTA: Japan’s SoftBank Group has offered to invest between US$30 billion and $40 billion in the development of the new Indonesian capital on Borneo Island, a close aide of President Joko “Jokowi” Widodo said Friday. In a meeting last week…