Jakarta to remain economic hub as Indonesia prepares to move capital city

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Indonesia’s parliament on Thursday designated special status for Jakarta, keeping the metropolis as the country’s economic epicentre, amid plans to move the capital city to Borneo island.Indonesia plans to move its capital city away from congested and sinking Jakarta, to Nusantara, a $32bn (R605.6bn) city under construction in the jungles of East Kalimantan on Borneo.The city is a flagship project of outgoing President Joko Widodo, who pledged to redistribute wealth and development currently concentrated in Java, across the archipelago.An “agglomeration” council will be created to…



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