In the case of IKN, it seems to be the latter. The law concerning it was drawn up in a rush and kept secret. There is insufficient funding, a myriad of problems, and investors hesitate to invest.

TEMPO.CO, Jakarta - The Ministry of Investment and Downstream Industry/The Indonesia Investment Coordinating Board (BKPM) ensures that investment projects and existing investments in the Nusantara ...

he Nusantara Capital City (IKN) Authority has revealed that fewer than half of the 500 letters of intent (LOIs) it has received, are genuine investment proposals for the megaproject spearheaded by ...

Nusantara Capital City (IKN) Authority head Basuki Hadimuljono said on Wednesday that the request for the top-up had been endorsed by President Prabowo Subianto and that he had also formally ...

KUALA LUMPUR: A total of 25 companies from Malaysia have sent letters of intent to invest in Indonesia’s Nusantara Capital City (IKN) so far, says Investment, Trade and Industry Minister Tengku ...

TEMPO.CO, Jakarta - This year's budget for the Nusantara Capital City (IKN) Authority was cut by Rp1.15 trillion following a budget restructuring. The initial Budget Implementation List (DIPA) for the ...