Indonesia’s faltering, $35bn plan to build a brand new capital city on the island of Borneo started 2025 with a reduction in government funding and a snub from the country’s new sovereign wealth fund.

Real Estate Indonesia (REI), which houses property ... has yet to see foreign investment despite claims that the planned new capital city has attracted lots of interest, citing unfinished core ...

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.