Nusantara
Indonesia starts building its new capital
Indonesia has eventually broken ground on its new capital Nusantara to be constructed in East Kalimantan on Borneo Island with plans to complete the...
Russia’s Putin offers investment in new Indonesian capital
Russian President Vladimir Putin offered his Indonesian counterpart Joko Widodo investment in the country’s planned new capital, Bloomberg News cited a statement by the...
Indonesia to start construction of new capital in August
Indonesia’s government will start construction of the first government buildings at its new capital Nusantara in August, the country’s minister of public works and...
Indonesia proposes crowdfunding to co-finance new capital
The Indonesian government is not ruling out the use of crowdfunding to raise funds for the development of the planned new capital Nusantara in...
Asian Development Bank to assist Indonesia in setting up its new capital
The Asian Development Bank (ADB) will support Indonesia in setting up its planned $32-billion capital city on Borneo island by "mobilising" financing and assessing...
Japan’s SoftBank decides against investment in Indonesia’s new mega-capital
Japanese investment management giant SoftBank Group will not invest in Indonesia’s project to relocate its capital city from Jakarta to Borneo island, the company’s...
Indonesia’s new capital got a name: Nusantara
Indonesia’s parliament on January 18 finally passed a bill to relocate the nation’s capital from Jakarta to an area in East Kalimantan province on...
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Thailand, Singapore most vulnerable to potential US recession
Southeast Asia could be seriously affected in case the US falls into recession, but some countries would be more badly hit than others, economists...