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.

Indonesia unveils Danantara, a sovereign wealth fund with US$900 billion AUM, set to restructure SOEs and drive economic ...

Indonesia’s New Capital May Be Spared From Prabowo’s Budget Cuts Government set to spare $30-billion project from spending cuts New capital was championed by president’s predecessor ...

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.

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: 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 prefers to partner with other countries, not China, in building its new capital city. That's a wake-up call for Beijing. There are a variety of rationales put forward for the decision to ...

New sovereign wealth fund Danantara Indonesia will focus on large-scale projects generating good returns as it prioritises sectors championed by the government to increase economic growth and create ...