Indonesia’s parliament approves $1 billion budget top-up for new capital
JAKARTA, 9 June 2023 – Indonesia’s parliamentary budget committee has approved additional 15 trillion rupiah ($1.01 billion) to speed up construction of the flagship new capital Nusantara, a senior lawmaker said on Friday. Said Abdullah, the committee’s chair, said the additional 15 trillion will go…
Indonesia passes jobs decree into law, easing investment uncertainty
JAKARTA, March 21 – Indonesia’s parliament on Tuesday passed into law an emergency decree on jobs and investment, eliminating legal uncertainty hanging over measures President Joko Widodo has pushed to spur investment in Southeast Asia’s largest economy. The new law replaces the 2020 Jobs Creation…