Indonesia consortium invests RM6.1bil in country's new capital Nusantara


JAKARTA (Reuters): A consortium of Indonesian companies, including energy firm Adaro and conglomerate Astra International, have invested about 20 trillion rupiah (US$1.30 billion - RM6.1 billion) in the country's new capital city, according to the local authority.

Indonesia has been courting private investors in the US$32 billion city, known as Nusantara, to move the capital away from congested Jakarta to Borneo island.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Aseanplus News

Malaysian model Lisa Ch'ng & TVB actor Mat Yeung share plans to start a family
Troops sent in to restore order after prison riot
Suicide bombing at police station kills 17
28 still missing after ferry fire
Suu Kyi meets Red Cross official
PM calls for tougher crackdown on criminal groups
Forty degrees and still rising
Millions banish booze for Buddhist Lent
Japan’s ageing workforce becomes neighbour’s youth opportunity
Loke announces resignation as Negri DAP chief, says right time for new leadership

Others Also Read