BBC Television Interviews
Eveline appeared on BBC Asia Business Report to speak about developments in Asia’s credit markets.
Indonesia’s Launch of Danantara (25 February 2025)
China Evergrande (27 September 2023)
China Property Stress and Country Garden (15 September 2023)
Indonesia’s Launch of Danantara
25 February 2025
Acrostics Asia’s Founder, Eveline Danubrata, was interviewed by BBC Chief Presenter Steve Lai about the launch of Indonesian sovereign fund Danantara.
These were some of the points that Eveline highlighted:
Danantara – which was pitched as Indonesia’s version of Singapore state investor Temasek – aimed to consolidate state-owned assets and leverage them to fund President Prabowo Subianto’s projects.
The scale of Prabowo’s ambitions and the speed at which he was trying to achieve them were hallmarks of his presidency, but he would likely have to balance his vision with the commercial reality.
On paper, it made sense to consolidate the fragmented state assets and attract investments to grow the domestic economy. However, investors wouldn’t want Danantara to become a cash cow for political purposes.
China Evergrande
27 September 2023
Eveline made another appearance on the BBC Asia Business Report to speak about China Evergrande, one of the biggest developers at the epicenter of China’s deepening property turmoil.
These were some of the points that Eveline highlighted:
The negative news on Evergrande would likely damage confidence even more and put a question mark over the company’s ability to generate fresh cash.
If there was no cash coming in, everyone would essentially be fighting for a piece of a shrinking pie. The issue would be how to slice and dice it.
Broadly speaking, there was a huge imbalance in China’s property sector, with massive oversupply and insufficient demand. This imbalance must be rectified for the Chinese economy to recover.
To restore confidence, stakeholders must be assured that there was enough cash to go around. Otherwise, there would likely be a scramble for the developer’s remaining assets.
China Property Stress and Country Garden
15 September 2023
Eveline was interviewed by BBC Presenter Arunoday Mukharji about China’s property troubles and the liquidity crunch of major developer Country Garden.
These were some of the points that Eveline highlighted:
The key ingredients for China’s recovery were to restore homebuyers’ confidence and improve the developers’ access to capital.
The latest data showed that banks were still cautious about lending to the property sector. These banks preferred lending to state-owned developers that were seen as the safer companies.
Country Garden’s creditors targeted its overseas assets to pursue recovery, but most of the project value was based on expected sales, which ultimately hinged on whether the developer could complete construction.