|
Politics
|
Indonesia's New Capital Development: Key Messages
2024-08-12 19:55:08
Business

Indonesia's New Capital Development: Key Messages

Indonesia's new capital Nusantara (IKN) in East Kalimantan has received Rp56.2 trillion in investment. President Jokowi led the first cabinet meeting and announced plans for the Independence Day celebration requiring a jumbo budget.

Prabowo Subianto is an investor in IKN. The Garuda Palace design represents the unity of 1,300 ethnic groups and is a symbol of the nation's independence.

President Joko Widodo inaugurated Taman Kusuma Bangsa in IKN to honor the nation's heroes. Investment in IKN has reached Rp140 trillion, with a combination of government funding and private investment.

Hotel entrepreneurs face challenges in investing in IKN due to banking support. President Jokowi visited IKN and expressed satisfaction with the fresh air and the city's comfortable and technologically advanced future.

Hotel occupancy is at 100% ahead of the Independence Day celebration, with residents renting out their homes to accommodate the influx of guests. The government aims to raise Rp8 trillion from the auction of SBSN bonds.

Related news on that topic:

Accelerating IKN Development: Jokowi and Prabowo Commit to ... Development

President Joko Widodo reaffirmed the government's dedication to the development of the Nusantara Capital City (IKN) in East Kalimantan, with Prabowo Subianto, the elected president, agreeing to expedite infrastructure construction and allocate a special budget. The construction of roads to the groundbreaking buildings will commence in January 2025. Investment in IKN has reached 56.2 trillion, with 55 buildings already underway. Prabowo pledged his commitment to the project, stating that he believes the new capital will be fully operational within 3-5 years. He also expressed his intention to work from IKN once inaugurated as president. Jokowi emphasized the importance of completing basic infrastructure in the core area before expanding to other regions. The government aims to promote equal economic development through the relocation of the capital from Java to IKN. The project, which aims to alleviate the burden on Jakarta, has attracted investment from Japan and South Korea. Jokowi highlighted the low air quality index in IKN and instructed ministers to investigate the decline in the manufacturing Purchasing Managers Index (PMI).

Hutama Karya Completes the Remaining 9 Kilometers of the ... Toll Road

The development of the new capital city (IKN) is underway with an investment of Rp 56.2 trillion. Jokowi emphasized that the purpose of the capital relocation is for economic equity. Hutama Karya has completed the remaining 9 kilometers of the Pekanbaru - Bangkinang toll road. Public Works and Housing Minister Basuki Hadimuljono invited the ministers of the Forward Indonesia Cabinet, including Vice President Ma'ruf Amin, to inspect the embung (small reservoir) area in IKN. The Ministry of Administrative and Bureaucratic Reform has prepared a plan for the relocation of civil servants to IKN. Airlangga Hartarto replaced Setya Novanto as the General Chairman of Golkar. Jokowi revealed details about the Purchasing Managers Index (PMI), which experienced a weakening and entered the contraction level in July.

Read 1 more recent news on this topic

The press radar on this topic:

tempo
12. August 2024 um 08:09

Government Targets IDR 8 Trillion from SBSN Auction Tomorrow

Economy
Politics
Finance
The government is targeting IDR 8 trillion from the SBSN auction; Jokowi discusses PMI; Bank Mandiri Tbk as the green market leader and mentions the high cost of climate investment for a low-carbon economy; The Ministry of Cooperatives and SMEs sees signs of deindustrialization; The government is building 22 SEZs under the Coordinating Minister for Economic Affairs Airlangga Hartarto; State Secretary Pratikno acknowledges that the budget for the Independence Day celebrations is larger; The KPPU..
detik
12. August 2024 um 08:29

Jokowi's Story of Staying at the New Capital: The Air Outside Was Incredibly Fresh

Politics
Technology
President Jokowi visited the new capital and stated that the air there was very fresh. He also said that the new capital will become a comfortable city supported by the latest technology.
detik
12. August 2024 um 12:51

Hotels in IKN Full, Residents' Houses Also Rented Ahead of August 17

Politics
Ahead of the 79th Independence Day celebrations in the Nusantara Capital City (IKN), hotel occupancy rates in Samarinda and Balikpapan have reached 100% since 3 months ago. Even residents' houses are being rented to accommodate the excess guests. The hotel occupancy rate in these two regions has increased by 70% since the construction of IKN was accelerated. Hotel occupancy rates have reached 100% from August 14 to August 18. According to the Chairman of the Indonesian Hotel and Restaurant Ass..
tempo
12. August 2024 um 14:10

Indonesia, UNIDO Collaborate on Nusantara Capital Development

Politics
Environment
Indonesia's new capital Nusantara (IKN) in East Kalimantan has received Rp56.2 trillion in investment. President Jokowi led the first cabinet meeting at the State Palace on August 12 and announced plans for the 79th Independence Day celebration on August 17, requiring a jumbo budget. Prabowo Subianto is an investor in IKN. The Garuda Palace design represents the unity of 1,300 ethnic groups and is a symbol of the nation's independence.
detik
12. August 2024 um 14:49

Jokowi eröffnet den Kusuma Bangsa Park in der IKN: Eine Ehrung für Helden

Politik
Präsident Joko Widodo hat den Kusuma Bangsa Park in der Hauptstadt Nusantara als Ehrung für Helden und Patrioten der Nation, einschließlich Bung Karno und Bung Hatta, eingeweiht.
CW

Account

Waiting list for the personalized area


Welcome!

InfoBud.ai

infobud.ai is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

Spotlighting today's most mentioned stocks in the media. Uncover the stories making waves in the stock market:

A closer look at the individuals who are leading today's news narratives. Find out what makes them the center of attention.

Exploring the five locations receiving the most media attention in the last 24 hours. Discover what puts these places in the global spotlight

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!

News

All News
Politics
Technology
Economy
Business
Climate

About

About Us
Team + Mission

Legal

Cookie Settings
Disclaimer
Legal Notice
Data Privacy

Contact

Contact