by Teuvo Tuomi | Jul 16, 2024 | ASEAN, Business, Indonesia, Infrastructure, Investment, News, Southeast Asia
President Joko “Jokowi” Widodo has signed a presidential regulation that grants investors certain rights in the Nusantara Capital City (IKN) megaproject in East Kalimantan, the future capital, including land rights of up to 190 years. The regulation stipulates that...
by Teuvo Tuomi | Jul 10, 2024 | Indonesia, Business, Economy, Investment, News, Society, Visions
The US$32 billion Nusantara Capital City (IKN) project has met with another delay, as key infrastructure remains incomplete just weeks before its planned inauguration in mid-August in East Kalimantan. President Joko “Jokowi” Widodo says that the issuance of a...
by Teuvo Tuomi | Mar 1, 2024 | Indonesia, Economy, News, Travel
Indonesian President Joko Widodo (Jokowi) says he will start working from the new national capital Nusantara in East Kalimantan in July this year. Meanwhile, the Indonesian government is targeting to commence government activities in the new capital on 17 August 2024,...
by Teuvo Tuomi | Mar 23, 2023 | Indonesia, Economy, News, Southeast Asia, Technology
Indonesia has issued various incentives to attract investments into its new capital city, Nusantara. The incentives range from income tax holidays to import tax exemptions as well as the permission to hire foreign workers for up to 10 years. Nusantara is estimated to...
