📰 Weekly Roundup (14-20 July 2026): Event Update | Southeast Asia Radar #5 | 3 India Headlines #5
Weekly newsletter
Dear Valued Contacts,
Three weeks after Acrostics Asia released its first podcast, I’m heartened by the response as it’s accumulated thousands of touchpoints across all the platforms. It also ranks among the top Google Video and YouTube search results for Asia private capital. Catch the 15-minute episode with Jacqueline Chan on the website, YouTube, Spotify, Apple Podcasts or LinkedIn.
IWIRC x Acrostics Asia Event (29 July 2026)
We’ve received more than 200 RSVPs (in-person and virtual) for IWIRC x Acrostics Asia: Southeast Asia Restructuring Evolution next Wednesday, 29 July 2026. Thanks for signing up! For those who haven’t, there’s still time to register for the event, which also comes with one Public CPD point for Singapore lawyers.
🛜 Southeast Asia Radar #5 (16 July 2026)
Note: Click the link for the full Radar.
Indonesian sovereign fund Danantara said state-owned postal operator Pos Indonesia requires a comprehensive overhaul after a three-month due diligence review uncovered long-standing financial and governance problems, including suspected accounting irregularities.
Another Indonesian SOE on the radar is flag carrier Garuda Indonesia, which is grappling with a spike in fuel costs, weaker rupiah and high aircraft maintenance costs even after going through three restructurings. Garuda is walking on egg shells as it has to prevent its local in-court restructuring (PKPU) deal from unravelling while fending off a multi-jurisdiction legal war waged by one of its lessors, Greylag Goose Leasing.
Around the Region
Singapore: CapitaLand Investment reportedly disbanded its special opportunities team, while Temasek’s Seviora and Churchill Asset Management closed about USD 400 million in collateralised fund obligation.
Vietnam: Officials are seeking global capital to finance around USD 1.5 trillion of infrastructure investment over the next decade.
Malaysia: Major capital transactions as of the first half of 2026 have reportedly been led by data centre land acquisitions nationwide.
People to Watch
Dentons HPRP advised Indoedge Real Estate and Data Centre (DAMAC Digital Group) on the development of a large-scale data centre in Indonesia.
📑 3 India Headlines #5 (19 July 2026)
Note: Click the link for the full Headlines.
Udaan’s Lifeline: Indian e-commerce platform Udaan announced a USD 160 million financing transaction, settling the default that caused its Singapore holding company to be dragged into insolvency proceedings, Financial Express reported. I wrote that both Udaan and its creditors may have wanted to avoid a lose-lose situation where the lenders get nothing back while the negative headlines hurt the Indian company’s refinancing ability.
19x Leverage in GIFT City: HSBC’s GIFT City unit is offering a financing structure that allows non-resident Indians to borrow up to 19 times their own funds, The Economic Times reported. While the indicative equity returns of 12-14% may appear attractive, I wrote that potential customers should keep an eye on regulatory risk as the product could hinge on the Indian central bank’s swap window remaining open.
Mauritius Keeps Role: Indian issuers have started using offshore financial hub GIFT City to raise debt this year, but experts say many will still fall back on foreign jurisdictions like Mauritius, IFR reported.
Acrostics Asia is an independent credit intelligence provider that connects the dots across Asian sovereigns, private credit and restructurings.