DeFi Daily News
Monday, December 15, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Markets Stock Market

Reuters Reports Indonesia Celebrates Independence Day with Limited Event in Troubled New Capital

Reuters by Reuters
August 17, 2024
in Stock Market
0 0
0
Reuters Reports Indonesia Celebrates Independence Day with Limited Event in Troubled New Capital
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article

By Willy Kurniawan

NUSANTARA, Indonesia (Reuters) – Indonesia celebrated its independence anniversary at the site of its planned new capital, Nusantara, for the first time on Saturday, in a scaled-back ceremony as the still-under-construction city is beset by problems and faces delays.

A legacy project of outgoing President Joko Widodo, Nusantara has suffered construction delays and funding shortages due to the COVID-19 pandemic, a lack of foreign investment, and more recently, resignations of project leaders.

In Saturday’s celebration of the country’s independence from Japanese rule that ended in 1945, the number of attendees was cut to 1,300 guests, down from 8,000 initially, as lodgings and food supply were limited, Jokowi, as the president is popularly known, said earlier this week.

Hundreds of attendees from local communities and construction workers joined the ceremony under red umbrellas, with several under-construction buildings behind them.

Mulyana, a 38-year-old construction worker at the new capital, said he spent the last nine months to build a ministry office building which was partially used on Saturday for the celebration amid limited infrastructure to move the materials.

“For five months we work in 24-hour shifts, due to limited access we need two to three hours (daily) to move the concrete using heavy equipment,” Mulyana, who like many Indonesians has a single name, told Reuters on Friday, adding that when he came a year ago, water and electricity supply were limited at the site.

Nusantara is being built in a forested pocket on the eastern side of Borneo island, about 1,200 km (745 miles) from the current capital, Jakarta, on Java island.

Jokowi has sought to shore up confidence in the $32 billion mega-project in recent months, breaking ground for hotels and office buildings and holding the first cabinet meeting in the eagle-shaped new state palace.

But he has also said plans to relocate thousands of civil servants to Nusantara could be postponed, subject to the readiness of the capital city, after previously ordering them to pack up and move in September.

Incoming president Prabowo Subianto, who also attended Saturday’s ceremony, has promised to continue Nusantara.

A parallel celebration was also held in Jakarta, where most of the music and dances were performed.

For more trending news articles like this, check out DeFi Daily News.

**In Conclusion…**

As Indonesia commemorates its independence annually and ventures into new territory with the construction of the planned capital Nusantara, challenges and setbacks are an inevitable part of the journey. The celebration amidst ongoing construction serves as a symbol of resilience and determination in the face of obstacles.

With the promise of incoming leadership, the continuation of the Nusantara project signals hope for progress and growth. As Indonesians look towards the future, the new capital represents more than just a physical location; it embodies the spirit of unity and vision for a brighter tomorrow.

Despite the delays and uncertainties, the commitment to realizing Nusantara remains steadfast. The journey towards a new capital is not just about bricks and mortar but about forging a path towards a better, more prosperous future for all Indonesians. As the construction continues and the vision takes shape, the spirit of independence and progress will guide the way forward.



Source link

Tags: CapitalCelebratesDayEventIndependenceindonesiaLimitedreportsReutersTroubled
ShareTweetShare
Previous Post

Top Analyst Predicts 50,000% Rally for XRP – Signs Point to Yes

Next Post

Hurricane Ernesto weakens but remains a threat as it nears Bermuda

Next Post
Hurricane Ernesto weakens but remains a threat as it nears Bermuda

Hurricane Ernesto weakens but remains a threat as it nears Bermuda

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
New Law Requires Large Retailers in New York State to Install Panic Buttons

New Law Requires Large Retailers in New York State to Install Panic Buttons

September 5, 2024
Lionel Messi and the Clear Feeling of an Approaching Closure

Lionel Messi and the Clear Feeling of an Approaching Closure

July 15, 2024
rewrite this title Asics' 'Life Changing' Running Shoe With the 'Perfect Blend' of Cushion and Energy Return Is Now Nearly 40% Off

rewrite this title Asics' 'Life Changing' Running Shoe With the 'Perfect Blend' of Cushion and Energy Return Is Now Nearly 40% Off

January 21, 2025
AI to Boost ‘So Much’ of Human Investing, Bridgewater’s Jensen Says

AI to Boost ‘So Much’ of Human Investing, Bridgewater’s Jensen Says

July 8, 2024
How long will the investment banking boost last?

How long will the investment banking boost last?

July 16, 2024
rewrite this title Bitcoin Miner Phoenix Group Posts 4 Million Loss and 54% Revenue Decline in Q1 2025

rewrite this title Bitcoin Miner Phoenix Group Posts $154 Million Loss and 54% Revenue Decline in Q1 2025

May 8, 2025
rewrite this title UK Sets October 2027 Deadline to Regulate Crypto

rewrite this title UK Sets October 2027 Deadline to Regulate Crypto

December 15, 2025
rewrite this title and make it good for SEOUndercovered Stocks: Capital Southwest, The Trade Desk, Energy Transfer And More

rewrite this title and make it good for SEOUndercovered Stocks: Capital Southwest, The Trade Desk, Energy Transfer And More

December 15, 2025
rewrite this title Are We in an AI Bubble? Here’s What 13 Economists Told Us – NerdWallet

rewrite this title Are We in an AI Bubble? Here’s What 13 Economists Told Us – NerdWallet

December 15, 2025
rewrite this title Collapse in the NFT Market: Value of Digital Collectibles Melted by 66% | Metaverse Planet

rewrite this title Collapse in the NFT Market: Value of Digital Collectibles Melted by 66% | Metaverse Planet

December 15, 2025
rewrite this title Bitesize Prediction: Dagenham & Redbridge vs Slough – 16/12/25 – Soccer News

rewrite this title Bitesize Prediction: Dagenham & Redbridge vs Slough – 16/12/25 – Soccer News

December 15, 2025
rewrite this title UK Treasury Plans to Bring Crypto Firms Under Full FCA Oversight – Decrypt

rewrite this title UK Treasury Plans to Bring Crypto Firms Under Full FCA Oversight – Decrypt

December 15, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.