PRABOWO’S AMBITIONS Jokowi has handed him a budget that’s in decent shape. The deficit for 2025 is projected to be 2.5 per cent of gross domestic product, safely within the 3 per cent legal limit, the government announced on Friday (Aug 16). The outgoing leader is considered to have run a sound fiscal policy during his … Read more
JAKARTA: President Joko Widodo looks set to delay plans to work from Indonesia’s new capital Nusantara amid a scramble to get its supply of drinking water and electricity up and running. Mr Widodo, popularly known as Jokowi, had earlier expressed confidence he would be able to work from his new office in East Kalimantan by … Read more
Ambitious plans are in place to relocate an entire sinking city 1,200 miles away to a large island inhabited by indigenous communities. More than 1.9 million residents of Jakarta, Indonesia’s capital, may need to relocate as part of an ambitious £24 billion ($30 billion) plan. The first residents are expected to move to the new … Read more
Mr Lee described Singapore’s relationship with Indonesia, its biggest neighbour, as “a very important” one. “I hope from Indonesia’s point of view, they find it a valuable relationship to them too.” He noted that both countries have been able “to do a lot together and to keep the relationship in good shape” over the last … Read more
“It’s fair to say that China has the strongest squad of engineers and constructors, who have benefited from the country’s building boom since the mid-2000s,” said Xu Tianchen, a senior China-based economist with the Economist Intelligence Unit. “China is also experienced in providing full life cycle solutions, from financing to construction and maintenance, which make … Read more
