Asia Roundup
SP Group Looks to Defer INR 143 Billion Bond Payment
Shapoorji Pallonji Group is seeking a two-month extension on INR 143 billion (USD 1.5 billion) of bonds maturing this month, as foreign exchange volatility and tighter hedging conditions disrupt its refinancing plans, The Economic Times reported. The original payment deadline is 30 April.
CapitaLand Investment Raises $320 Million for Second Regional Credit Fund
CapitaLand Investment (CLI) has achieved the final close of CapitaLand Asia Pacific Credit Program II, raising USD 320 million for its second regional credit fund, according to its LinkedIn post. CLI focuses senior secured, asset-backed real estate credit in the region.
ADB Sees Vietnam’s Economy Outpacing Indonesia and Malaysia
The Asian Development Bank (ADB) expects Vietnam to be the fastest-growing economy in ASEAN this year, IDN Financials reported.
In its Asian Development Outlook April 2026 report, ADB forecasts Vietnam’s economy to grow by 7.2% in 2026.
Indonesia is projected to rank second, with economic growth of 5.2%. Meanwhile, Malaysia is expected to rank third, with growth projected at 4.6%.
Indonesia Roundup
Indonesia Insists on Growth Target as World Bank Cuts Forecast
The Indonesian government has doubled down on its growth target for gross domestic product, insisting that it will achieve or even exceed the figure set in the state budget despite the World Bank’s move to downgrade its projection, The Jakarta Post reported.
Coordinating Minister for Economic Affairs Airlangga Hartarto told reporters that GDP growth this year would be “greater than or equal to” the 5.4% targeted in the budget.
Danantara Defends China Dominance in Waste-to-Energy Rollout
Sovereign wealth fund Danantara has defended the current Chinese dominance in Indonesia’s waste-to-energy rollout, Jakarta Globe reported.
When asked about China’s landslide win in the first tender and whether it will make sure the megaproject stays inclusive to other countries, Danantara Managing Director Rohan Hafas replied: "China, why not?”
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