Francis will clock 32,814 kilometres by air during his Sept. 2-13 visit to Indonesia, Papua New Guinea, East Timor, and Singapore, far surpassing any of his previous 44 foreign trips.
Credit: euronews (in English) Duration: 01:11Published
For starters, it's a long, long way from being finished. Although Widodo began working from the city two weeks ago, many estimates say the new capital won't be fully operational until the 2040s. Most of the core infrastructure is unfinished while many key projects have not been started yet. Construction delays have been a constant problem. Located deep within the jungle on the island of Borneo, known as Kalimantan in Indonesia, it remains a mass of construction sites. The cost has been estimated at around $35 billion (€31.76 billion) but the government's plan is for private investment to fund around 80% of that total amount. The country's finance minister Sri Mulyani told DW's recent Business Beyond program on Indonesia's economy that the government had spent 72 trillion Indonesian rupiah ($4.5 billion, €4.08 billion) on Nusantara over the past three years. She added that the key to financing it is establishing meaningful incentives for private investors, including significant tax breaks. Recently, Widodo announced that investors would have land rights for up to 190 years in the capital.
#OIDW #DWVideos #Nusantara #IndonesiaCapital #NewCapital #ConstructionDelays #Kalimantan #BorneoProject #Widodo #PrivateInvestment #CapitalCity #InfrastructureChallenges #InvestmentIncentives #FinanceMinister #SriMulyani #NusantaraCost #IndonesiaEconomy
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Jaideep Mazumdar, secretary of state for external affairs, stated that during Modi's visit to Brunei, the prime minister will have bilateral talks with the.. DNA
Hindenburg Research's latest report alleges that SEBI Chairperson Madhabi Buch and her husband held stakes in offshore entities linked to the Adani money siphoning scandal. Based on whistleblower documents, the report claims the couple opened an account with IPE Plus Fund 1 in Singapore in 2015, declaring their net worth at $10 million. These allegations suggest a potential conflict of interest, as the entities reportedly use the same complex structure as those associated with Vinod Adani, raising questions about regulatory oversight.
#MadhuriBuch #GautamAdani #AdaniAmbani #HindenburgReport #SEBI #SEBIScandal #Hindenburgnews #Adani #Oneindia #Oneindianews
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Pope Francis arrives in Muslim-majority Indonesia to kick off a four-nation tour of the Asia-Pacific that will be the longest and farthest of the 87-year-old's papacy.
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