A lack of budget for building Nusantara this year has cast further doubt over Asia's biggest development project.

In constructing a purpose-built capital, Indonesia will be taking a path that ... Hadimulijono said. Current plans are for about 8,000 civil servants to have moved to the city by then.

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

Jakarta, the capital of Indonesia, is gradually sinking into ... and it is now being actively considered by the current administration led by President Masoud Pezeshkian. The Islamic Republic ...

He considered that the budget emphasized that the development of Indonesia's future capital city was increasingly clear and answered the future of the IKN in the hands of Indonesian President Prabowo ...