Asian Restructurings

📚 Acrostics Anatomy: Indonesia’s Albatross

Indonesia’s flag carrier Garuda Indonesia has weighed down successive administrations.

Apr 16 • Eveline Danubrata

💼 Brief Take: Asian Airlines’ Survival of the Most Liquid

Survival depends on which airlines can stretch their liquidity the longest.

Apr 10 • Eveline Danubrata

💼 Brief Take: Garuda Indonesia’s Saudi Venture

The Indonesian president ordered Garuda to explore a joint venture with Saudi Arabia’s flag carrier for Muslim pilgrimages.

Apr 8 • Eveline Danubrata

📒 Quick Take: Garuda Indonesia’s Quicksand

The capital injection from sovereign fund Danantara risks drying up faster than expected.

Mar 26 • Eveline Danubrata

📸 Snapshot: Garuda Indonesia 2025 Results

Danantara’s capital injection improved Garuda’s balance sheet, but has not turned around the flag airline’s operations.

Mar 19 • Eveline Danubrata

💼 Brief Take: Serba Dinamik’s Wanted Boss

An arrest warrant was issued for the Malaysian energy services company’s CEO Mohd Abdul Karim Abdullah.

Mar 14 • Eveline Danubrata

💼 Brief Take: China’s Debt Fabric

The LGFV and property sectors are woven with local banks and household wealth, stifling China’s economic recovery.

Mar 8 • Eveline Danubrata

📒 Quick Take: A Tale of Two South Asian Airlines

The flag carriers of Pakistan and Sri Lanka are flying along different trajectories.

Feb 21 • Eveline Danubrata

📒 Quick Take: Vietnam’s Green Shoots

Vietnam is attracting some of the stickier investments that Indonesia has been trying to win over.

Feb 12 • Eveline Danubrata

📸 Snapshot: Novaland’s 2025 Results

Accounting Reversal | Cashflow Pressure | Domestic Loans

Feb 3 • Eveline Danubrata

💼 Brief Takes: Hong Kong’s Office Upturn | Indonesia’s Textile SOE | Singapore’s Rental Car Wreck

Concise insights on multiple news items

Jan 16 • Eveline Danubrata

📚 Acrostics Anatomy: Indonesian SOE State of Play

An analysis connecting the dots across Indonesian sovereign fund Danantara and the state-owned enterprises under its watch.

Jan 14 • Eveline Danubrata

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