Posted inAT Finance, Indonesia

Indonesia picks Borneo island for new capital

Indonesia will move its capital to the eastern edge of jungle-clad Borneo island, President Joko Widodo said Monday, as the country shifts its political heart away from congested and sinking megalopolis  proposed location — near the regional cities of Balikpapan and Samarinda — is an area at “minimal” risk of natural disasters, where the government […]

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