double-skinned crabsVietnamese crab exportergood crabexellent crab

Gov’t Tries to Dispel Concerns Over New Capital’s Small Population Size

Thomas Rizal
July 1, 2024 | 10:05 am
SHARE
President Joko "Jokowi" Widodo attends the topping-off ceremony for civil servant housing in Nusantara on March 1, 2024. (Photo Courtesy of Presidential Press Bureau)
President Joko "Jokowi" Widodo attends the topping-off ceremony for civil servant housing in Nusantara on March 1, 2024. (Photo Courtesy of Presidential Press Bureau)

Jakarta. The government recently tried to dispel investors’ concerns over the small population size in Indonesia’s future capital of Nusantara. 

The Indonesian Employers Association (Apindo) previously revealed that investors alike were worried that not many people would live in Nusantara. Because to these investors, the small population would mean a smaller demand for their products.

In response to Apindo’s claims, Chief Investment Minister Luhut Binsar Pandjaitan said it would take time before we get to see a well-populated Nusantara.  Civil servants and police officers are set to be among the first people who would live in the yet-to-be-built capital. Once their relocation takes place, Nusantara’s population is set to grow in size.

“So no problem. It is just a matter of time. It is impossible to finish building Nusantara in just one year. It can take two or three years or even five years. But the government’s program and funding are running well. So there are no problems with the population size,” Luhut said in Jakarta over the weekend. 

ADVERTISEMENT

Nusantara --which lies in East Kalimantan– is also close to some of the province’s major cities. Luhut added: “Nusantara is only 45 minutes away from Balikpapan and Samarinda. This will bring a positive impact to the population growth, so there is nothing to worry about.”

According to the Nusantara authority body, the first batch of civil servants will move to the new capital this September. The authority body claimed that the infrastructure development had reached 84 percent in completion as of June 20. The private sector-owned projects, including hotels and hospitals, are also on track to meet their respective deadlines. “We believe we can achieve all the targets,” Thomas Umbu Pati Tena Bolodadi, a senior official at the authority body, said not long ago.


 

Tags: Keywords:
Google Add Investor.id as a preferred source on Google +
SHARE

Related Articles


Business Oct 2, 2026 | 2:23 pm

Apindo Warns Labor Bill Could Stall Investment, Job Creation

Apindo warns Indonesia’s proposed labor bill could deter investment and business expansion, slowing formal job creation.
Business Sep 23, 2026 | 1:45 pm

Businesses Back Mandatory Halal Rules, Warn of Rising Compliance Costs

Businesses support Indonesia’s mandatory halal rules but urge simpler certification and lower compliance costs to protect MSMEs and consumer
Business Sep 15, 2026 | 5:04 pm

Suahasil Told to Avoid Business Cost Hikes, Tax Refund Delays

Businesses have laid out their wishlist for the newly appointed Finance Minister Suahasil Nazara.
News Aug 15, 2026 | 11:26 am

Vice President Gibran to Begin Working From Nusantara This Year

Vice President Gibran Rakabuming Raka is expected to begin working from Nusantara’s new vice presidential palace later this year.
Business Aug 15, 2026 | 9:16 am

Lion Air Group to Build 30-Hectare Aircraft Maintenance Hub at Future Capital Nusantara

Lion Air Group plans a 30-hectare aircraft maintenance facility at IKN airport as Indonesia prepares to develop it into a commercial hub.
Business Aug 13, 2026 | 7:13 pm

Businesses Seek Predictable Rupiah as Prabowo Sets 2027 Economic Targets

Indonesian businesses urge the government to keep the rupiah stable in 2027 to support investment, costs and business expansion.
Business Aug 5, 2026 | 4:31 pm

Indonesia’s Economy Grows 5.29%, But Businesses Still Feel the Squeeze

Indonesia’s economy grew 5.29% in Q2, but employers warn high costs and weak demand are keeping businesses on the defensive.
Business Jul 29, 2026 | 3:26 am

Business Group Calls for Deregulation to Stem Job Cuts

Apindo says deregulation and lower business costs are needed to address the root causes of layoffs and support economic recovery.
News Jul 6, 2026 | 1:35 pm

Indonesian Parliament Approves $334 Million for New Capital Nusantara in 2027

Indonesia approves Rp6 trillion ($334 million) for Nusantara in 2027, keeping construction on track despite a lower-than-requested budget.
Business Jun 19, 2026 | 4:07 pm

Data Leak Fears Plague Indonesian Firm Annual Reporting Rule

Limited liability companies must submit their annual reports to a ministry-run system, sparking fears over data leaks.

The Latest


Special Updates 44 minutes ago

Chandra Asri Group Receives Trade Finance Excellence Award, Reinforcing Its Role in Indonesia’s Industrial Development

Chandra Asri Group receives the Trade Finance Excellence Award at CIMB Niaga Business Summit 2026.
Special Updates 1 hours ago

AEON MALL Deltamas Brings 11 Sports and Creative Competitions to AEONLYMPIC 2026

AEON MALL Deltamas hosts AEONLYMPIC 2026, featuring 11 sports and creative competitions, with more than 3,100 participants.
Business 2 hours ago

Indonesian Stocks Extend Losses for Third Day, Fall 3.64% to 4,996

Indonesian stocks fell 3.64% on Monday, extending losses for a third straight session amid MSCI concerns and tighter trading limits.
News 3 hours ago

Prabowo Calls Meeting on Forest Fires as Haze Reaches Jakarta, Singapore

Prabowo summons senior officials to discuss forest fires as smoke reaches Jakarta and Malaysia pushes for regional action.
Lifestyle 5 hours ago

Jakarta Outranks Amsterdam in Global Public Transport Survey

Jakarta climbs two places to 15th in Time Out's 2026 public transport survey, with its governor citing better network integration.
COPYRIGHT © 2026 JAKARTA GLOBE. ALL RIGHTS RESERVED