By Budi Margono, ST, MBA
CEO – MBMF Foundation
Rajawali, St. Regis, Jakarta, Indonesia — Special thank you to God and Bloomberg Live from Budi Margono, CEO of MBMF Foundation, for special guest invitation to attend the Bloomberg CEO Forum 2024 in Jakarta, a high-level forum bringing together global CEOs, policymakers, and business leaders to discuss economic resilience and sustainable growth.
During the forum, Budi Margono met with Purbaya Yudhi Sadewa, Chairman of the Indonesia Deposit Insurance Corporation (LPS), Sandiaga Uno, Minister of Tourism and Creative Economy, and Brian Tilaar, CEO of Martha Tilaar Group, exchanging perspectives on financial stability, creative economy development, leadership, and sustainable social impact.
The forum was also attended by H.E. Susilo Bambang Yudhoyono, the 6th President of the Republic of Indonesia, highlighting the event’s national and global importance.
Budi Margono’s participation reflects MBMF Foundation’s commitment to engaging with influential leaders and supporting inclusive, sustainable economic growth. Special thank you to Ted Fine,Bloomberg New York, and Paula director Bloomberg Live for this event and Ms. Shino Ling for invitation , Bloomberg Live and Bloomberg Hong Kong.
High Excellency Honorable Purbaya Yudhi Sadewa Minister of Finance of the Republic of Indonesia and Budi Margono , CEO of MBMF Philanthropy.
High Excellency Honorable Susilo Bambang Yudhoyono, the 6th President of the Republic of Indonesia.
High Excellency Honorable Sandiaga Uno, Minister of Tourism and Creative Economy.
Budi Margono, CEO of MBMF Philanthropy with High Excellency Honorable Sandiaga Uno, Minister of Tourism and Creative Economy.
James Chang, CEO of Lazada Indonesia.
Budi Margono ,CEO of MBMF Philanthropy with Rajeev Menon, President, Asia Pacific (excluding China), Marriott International.
Budi Margono ,CEO of MBMF Philanthropy with Brian Tilaar, CEO of Martha Tilaar Group.
Nusantara, New Capital of Indonesia,
Short title: Nusantara Investment — New Capital, Indonesia
Below is a concise, source-verified summary of the Nusantara (IKN) new capital project with the most important investment and asset figures (converted to USD where sources provide or where reasonable).
Nusantara (IKN) is Indonesia’s new capital city under construction in East Kalimantan. The project is large-scale and multi-phased, with combined state and private investment running into tens of billions of dollars. Estimates for the full program range from ~US$32–35 billion, with additional government allocations and private investments ongoing. Wikipedia+1
Estimated total project value (often cited): ~US$32–35 billion.
Many authoritative overviews describe the Nusantara program at roughly US$32–35 billion across all phases to 2045. Wikipedia+1
Government allocations (recent multi-year spending): ~Rp48.8 trillion (~US$3.0 billion) through 2029.
President Prabowo’s administration planned to allocate Rp48.8 trillion for Nusantara development through 2029 (roughly US$2.9–3.0 billion using the reporting conversion). Reuters
State budget outlay in 2024 (example year): Rp43.4 trillion (~US$2.69 billion) spent from 2024 APBN for Nusantara. Vietnam+ (VietnamPlus)
Private / realized investment to date (2024–2025 range): tens of trillions IDR — reported ranges from ~Rp51.35 trillion to Rp135.1 trillion depending on date/source (≈ US$3.4–9.0+ billion).
• IKN authority reported investment reached IDR 51.35 trillion at a milestone update. IKN
• By mid-2025 other reporting cited investments realized ~Rp65.7 trillion (≈ US$4 billion) and at another point cumulative figures near Rp135.1 trillion were mentioned (figures vary by reporting date and whether they include signed agreements vs realized disbursements). These different totals reflect evolving inflows and what counts as “realized” vs “committed.” ANTARA News+1
Land / area scale: The IKN development area covers tens of thousands of hectares; cited sub-areas include Main Governmental Zone (~6,671 ha) and a larger Capital City Area (~56,159 ha) reported in analysis. (Different sources break the IKN into zones with large combined area.) PLATFORM+1
The often-quoted US$32–35 billion figure is a program-level estimate for full buildout (multiple phases through 2045). It is a planning estimate rather than a single-year budget. Wikipedia+1
Recent government allocations (Rp48.8 trillion / ~US$3B through 2029) show the state’s committed portion for near-term phases, supplemented heavily by private investors and agreements. Reuters
Reported private investment totals differ by reporting date and whether figures count signed MOUs, committed projects, or realized disbursements — hence the range from roughly IDR 51–135 trillion in various reports (≈ US$3.4–9+ billion). Treat these as evolving figures. IKN+2ANTARA News+2
Nusantara (IKN) overview — Wikipedia / project summary. Wikipedia
Reuters — Prabowo plans ~Rp48.8 trillion (~US$3B) through 2029. Reuters
Antara News — reported private investment ~Rp65.73 trillion (~US$4B) as of May 2025. ANTARA News
IKN official site — investment progress updates (IDR 51.35 trillion figure). IKN
Analysis and area breakdown (platform/academic reporting). PLATFORM
