
Indonesia’s plan to build a new capital in East Kalimantan is facing renewed scrutiny after the Constitutional Court scrapped a regulation granting investors land rights of up to 190 years – a move welcomed by indigenous groups but seen by developers as a potential deterrent to investment.
The decision underscores the mounting challenges facing the 466 trillion rupiah (US$28 billion) Nusantara project, which has attracted lukewarm investor interest since former president Joko Widodo launched it…
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