Indonesia’s future capital city will likely emerge unscathed with its budget intact even as a host of agencies see deep ...

Around 3,000 to 5,000 people visit Ibu Kota Nusantara (IKN), Indonesia’s under-construction capital in ... That could change as more people flock to the new capital. Dewi worries that the influx of ...

The Danantara fund, which will be seeded with at least $61 billion, will be placed under the direct supervision of the ...

Construction of Indonesia’s new capital has been hit by a public financing roadblock, with no budget to develop the city this year so far forthcoming, according to local media reports. A plan to move ...

JAKARTA, Feb. 10 (Xinhua) -- A substantial amount of private investment will flow into the development of Indonesia's new capital, Nusantara, in East Kalimantan province, starting in February 2025 ...

Several global financial institutions—including the World Bank, the International Monetary Fund (IMF), and the Asian ...

Indonesia is setting up a state investment agency that will manage government holdings in some of the country's biggest firms ...

Indonesia is poised to shift at least $61 billion of state assets into a powerful new investment fund that reports directly ...

Initially, Presidential Instruction No. 1/2025 on efficiency in the state and regional budgets indicated potential cuts for the new capital development. The IKN Authority then held another limited ...