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 ...

JAKARTA--Jakarta is congested, polluted, prone to earthquakes and rapidly sinking into the Java Sea. Now the government is leaving, and moving the country’s capital to the island of Borneo.

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 ...

JAKARTA (Reuters) - 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 ...