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.

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 ...

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 ...

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 ...

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 ...