Indonesia’s parliament has approved a bill to relocate the nation’s capital from Jakarta to a jungled area of Kalimantan on Borneo island, the planning minister said on Tuesday. The new state capital law, which provides a legal framework for President Joko Widodo’s ambitious $32 billion mega project, stipulates how development of the capital will be funded and governed. The new center will be called “Nusantara”, a Javanese name for the Indonesian archipelago chosen by the president, Monoarfa announced on Monday. Plans to relocate the government from Jakarta, a bustling megacity of 10 million people that suffers from chronic congestion, floods...
