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Search resuls for: "Nusantara National Capital Authority"


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Adek Berry | Afp | Getty ImagesIndonesia has ambitious plans to relocate its capital from Jakarta to Nusantara in East Kalimantan. Nusantara National Capital Authority, a government agency charged with planning and constructing the new capital, did not immediately respond to CNBC's request for comment. The new Presidential Palace under construction at the country's new capital Nusantara. Bloomberg | Bloomberg | Getty ImagesA lack of demand for service-led jobs is another challenge Archer predicted. Bloomberg | Bloomberg | Getty Images
Persons: Adek Berry, Joko Widodo's, Melinda Martinus, Martinus, Ju Ye Lee, Bagus Saragih, Agung Wicaksono, it's, Wicaksono, Bruno Lanvin, Joko Widodo, Diane Archer, Archer, Lanvin, Maybank's Lee Organizations: Nusantara, Afp, Getty, Indonesia, Cultural Affairs, Yusof, CNBC, Nusantara National Capital Authority, country's Ministry, Public, Agung Wicaksono Nusantara National Capital Authority, Maybank Investment Banking Group, Smart, IMD Business School, Bloomberg, Ciputra, Stockholm Environment Institute, Nusantara . Bloomberg Locations: Jakarta, Nusantara, East Kalimantan, Indonesian, Indonesia, Singapore, Agung Wicaksono, Asia, Pacific, Nusantara ., Stockholm, Diane Archer Stockholm, Kalimantan
A street vendor sells papers with the news of Indonesian New Capital Nusantara (IKN) on its headline, during a traffic in Jakarta, March 15, 2022. REUTERS/Willy Kurniawan/File PhotoJAKARTA, Oct 19 (Reuters) - Indonesia will offer generous incentives, including a 30-year tax break, for companies investing in a $32 billion project to build a new capital city in the country called Nusantara, an official said late on Tuesday. Bambang Susantono, head of the Nusantara National Capital Authority, made the comments at a gathering with hundreds of local and foreign investors in the current capital Jakarta. Susantono asked the gathering to consider investing in areas such as healthcare, education and entertainment in the new capital, promising that regulations on fiscal incentives would be released soon. A June survey of 170 experts by the Indonesian Centre for Strategic and International Studies found nearly 59% were unsure the Nusantara project would materialise, citing uncertainty over funding and management.
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