Asian Sovereigns

💼 Brief Take: Danantara’s International Bond Splash

Danantara was able to pull off its bond sale despite the market turbulence because it’s seen as a sovereign-linked credit.

Jun 12 • Eveline Danubrata

📒 Quick Take: Danantara’s Bond Roadshow

The challenge for the sovereign fund is building a refinancing machinery that can keep up with the scale and speed of the Indonesian president’s…

Jun 9 • Eveline Danubrata

📒 Quick Take: Indonesian State Capitalism

President Prabowo Subianto ordered state-owned banks to give out cheap housing loans.

May 2 • Eveline Danubrata

📒 Quick Take: Indonesia’s Kerfuffle

Indonesia’s Finance Minister Purbaya Yudhi Sadewa floated taxing ships passing through the bustling Malacca Strait.

Apr 24 • Eveline Danubrata

📚 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: 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: Indonesia’s Rating Leak

Indonesia’s institutional credibility is eroding on the international stage.

Mar 5 • Eveline Danubrata

📒 Quick Take: Jakarta’s Third Rail

The cost of servicing Indonesia’s growing debt is a key factor to watch for investors.

Mar 1 • Eveline Danubrata

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