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In addition to revenue collection efforts, the Ministry of Finance has submitted a draft decree to the Government proposing a reduction in land rent fees for 2024. This initiative aims to support recovery efforts following the recent impact of Typhoon Yagi. Two options are being considered for the reduction: either a 15% or 30% decrease in land lease costs.
The decision to invest in Nusantara reflects NU’s strategic positioning and its role in shaping the future of Indonesia. With the new capital expected to relieve Jakarta’s congestion and environmental strain, NU’s involvement underscores a significant contribution to the national project that aims to foster balanced regional development and enhance the country’s overall infrastructure.
The shipping industry plays a pivotal role in marine tourism, providing essential links between Indonesia's thousands of islands and facilitating access to some of the country’s most sought-after destinations. Improved shipping services are expected to enhance the overall tourist experience, making it easier and more appealing for visitors to explore Indonesia’s diverse maritime attractions, from pristine beaches to vibrant coral reefs.
China achieved record-breaking milestones in transportation infrastructure in 2023, with daily investments averaging 10.7 billion yuan.