Indonesia's new capital Nusantara attracts increased investor interest

NUSANTARA/JAKARTA -- From Indonesia's largest privately owned bank to a Thai toilet maker, Indonesia's planned new capital Nusantara is attracting increasing investor interest as the country's incoming leader Prabowo Subianto attempts to quell concerns from some businesses about his support for the project.

Bank Central Asia was one of four local companies that broke ground on projects in Nusantara, also known as IKN, on Monday, with plans to invest more than 4 trillion rupiah ($250 million) combined. BCA kicked off the construction of a 75 billion rupiah branch office in a ceremony attended by President Joko "Jokowi" Widodo.