Asia Roundup
Shenzhen Taps 12 Financial Institutions to Rescue Distressed Property Projects
Shenzhen has assembled 12 major financial institutions to form an advisory panel tasked with restructuring debt and injecting fresh capital into the city’s distressed real estate projects, Caixin reported.
The newly established panel pairs state lenders, asset managers and brokerages with local government departments. At its inaugural meeting on 8 April 2026, the group began reviewing an initial list of 82 priority projects.
Air India Asks Tata, Singapore Air for Funds After $2.4 Billion Loss
Air India racked up a wider-than-expected annual loss of more than INR 220 billion rupees (USD 2.4 billion), prompting the company to seek financial aid from its shareholders, Bloomberg reported, citing people familiar with the situation.
Air India’s controlling shareholder, Tata Group, as well as Singapore Airlines which owns 25.1% in the carrier, are in talks to inject some much-needed cash. The size of the infusion is still being discussed but may be less than what the carrier needs, meaning Air India would have to look for other financing options.
Vingroup Says Vienna Stock Exchange Accepted $350 Million Bonds for Listing
Vietnamese conglomerate Vingroup submitted an application for the listing of up to USD 350 million of bonds on the Vienna Stock Exchange through its international legal counsel, Latham & Watkins, according to its statement.
Vingroup said it received confirmation dated 9 April 2026 from the Vienna Stock Exchange, accepting the bonds for listing and trading.
Indonesia Roundup
Indonesia’s Rating Most at Risk in Southeast Asia Amid War, S&P Says
Sovereign ratings in Southeast Asia are expected to come under strain, with Indonesia’s particularly at risk in case of a prolonged Middle East conflict, Bloomberg reported, citing S&P Global Ratings.
“The credit quality of sovereigns with thinner rating cushions could slip in the scenario of a protracted energy market disruption. In Southeast Asia, we believe the sovereign ratings on Indonesia would be more vulnerable if the conflict drags on,” S&P said in a report.
Higher energy prices will increase Indonesia’s subsidy costs and weigh on its budget, while costlier oil imports will widen the current account deficit, S&P said. Faster inflation could also lead to higher market interest rates, which would push up the government’s borrowing costs.
Danantara to Step Up Middle East, Energy Security Investments
Indonesian sovereign wealth fund Danantara plans to double down on investments in the Middle East in spite of the war in Iran, and also plans to allocate more money this year to energy security, Bloomberg reported, citing Chief Investment Officer Pandu Sjahrir.
The year-old fund intends to deploy some $14 billion in 2026 across various asset classes, according to Pandu.
“Given what is going on today, there’s probably going to be a bias towards energy security,” he said, adding that more energy is also needed to support the growth in artificial intelligence and digital infrastructure. There will also “be a bias towards critical minerals.”
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