Asia Roundup
SP Group Seeks More Time to Repay Bonds Nearing Maturity
Shapoorji Pallonji (SP) Group has scaled down the size of its fundraising and sought another two-month extension on INR 143 billion (USD 1.5 billion) of maturing bonds, The Economic Times reported.
The Indian conglomerate had earlier secured a two-month extension on repaying the bonds issued by its Goswami Infratech unit, from 30 April to 30 June. It is now planning to seek another two-month extension, as it works to complete the fundraising deal, according to the news agency.
Vietnam’s Vingroup Forges Ahead with ‘World’s Largest Stadium’ Despite Demand Doubts
Vietnam’s Vingroup is accelerating construction in Hanoi of what it says will be the world's largest stadium, betting that future demand will emerge to make the 135,000-seat venue financially viable over the long term, Reuters reported.
Vingroup declined to give financial targets, but said it expected the facility to be commercially sustainable long term.
The company faces broader pressures from its financial liabilities, which stood at $36.7 billion last year, accounting for more than 4% of Vietnam’s total private debt in 2025, according to Reuters. The figure excludes additional debt in private affiliated companies.
Mekong Strategic Capital Report Calls for Faster Debt Resolution Framework in Cambodia
Cambodia could unlock billions of dollars in new lending capacity and accelerate economic growth by reforming the way distressed debt is resolved, Cambodia Investment Review reported, citing a report from Mekong Strategic Capital.
The report estimates that approximately $12.7 billion worth of loans are either more than 30 days overdue or have undergone restructuring, representing around 20% of total loans in Cambodia’s financial system and roughly one-quarter of national GDP.
Indonesia Roundup
Danantara COO Says Investments Won’t Put SOE Assets at Risk
Indonesian sovereign fund Danantara’s Chief Operating Officer Dony Oskaria said that its investments would not put the assets of state-owned enterprises (SOEs) at risk, state news agency Antara reported.
Since its establishment, Danantara was designed with a risk protection mechanism through a separation of its asset and investment management arms, according to Dony.
Danantara Asset Management (DAM) functions as the consolidator of SOEs, while Danantara Investment Management (DIM) is the fund’s investment arm, Dony reportedly said. DIM reinvests the dividends upstreamed by healthy SOEs, not their principal assets, he added.
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Bank Indonesia, Hong Kong Monetary Authority and People’s Bank of China Sign MOU to Promote Bilateral Transactions between Indonesia and Hong Kong
Bank Indonesia (BI), the Hong Kong Monetary Authority (HKMA) and the People's Bank of China signed a Memorandum of Understanding to establish a cooperation framework aimed at promoting bilateral transactions in Indonesian Rupiah (IDR) and offshore Chinese Renminbi (CNH) between Indonesia and Hong Kong.
Under the MOU, a bilateral currency transaction framework will be implemented to facilitate the direct exchange and settlement of IDR and CNH in cross-border trade and investment activities amongst corporates and institutions in Indonesia and Hong Kong, according to a press release dated 11 June 2026.
This initiative is designed to enhance the efficiency of cross-border transactions, while promoting greater use of regional currencies.
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