How IKN Development is Transforming Balikpapan’s Real Estate Market
The relocation of Indonesia’s capital from Jakarta to Nusantara, also known as IKN (Ibu Kota Nusantara), has significant implications for the Balikpapan real estate market. Under the leadership of President Prabowo, the commitment to develop and complete the new capital city remains strong. “Pak Jokowi, I believe, has already taken on a historical role.
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Indonesia Aims to Quadruple Foreign Investment by 2025
Indonesia’s economy remains impacted by global dynamics, including the U.S. election results, the slowing of China’s economy, and geopolitical conflicts in certain countries and regions. David Sumual, Chief Economist at PT Bank Central Asia, stated that Indonesia cannot rely solely on domestic savings to achieve economic growth rates above 5%. “For Indonesia’s economy to grow
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Prabowo asks US Investors to Prioritize ESG in Indonesia
Indonesia’s Investment and Downstreaming Minister, Rosan P. Roeslani, who accompanied President Prabowo Subianto to a meeting with representatives of the US-Indonesia Society (USINDO) in Washington, D.C., on Monday (11/11/24,) said that the president urged business leaders from the United States to prioritize environmental, social, and governance (ESG) principles when investing in Indonesia, according to Antara
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Yogyakarta Rebrands as City of Festivals to Boost Tourism in 2024
Yogyakarta remains one of Indonesia’s most popular destinations for both local and international tourists. Known for its vibrant cultural heritage and historical charm, Yogyakarta provides a rich tapestry of experiences even without relying on natural attractions. The city’s latest initiative, launched by Acting Mayor Sugeng Purwanto, rebrands Yogyakarta as the “City of Festivals.” This
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