Widodo recently offered incentives for the new capital, including land rights lasting up to 190 years and generous tax incentives. With a population of about 275 million, Indonesia is South-East ...

Jakarta: The construction of Nusantara, Indonesia’s planned new capital city in East Kalimantan, has drawn flak from analysts who fear the megaproject is veering toward elite private ...

Indonesia is preparing about 8 trillion rupiah ($487.21 million) of capital injection for the new state firm Agrinas Palma Nusantara, senior finance ministry official Rionald Silaban said on Tuesday.

Under current rules, Jakarta will remain Indonesia’s capital until the president issues a decree officially naming Nusantara as the new capital, which is expected sometime this year. The ...