Indonesia’s China-backed bullet train derailed by mounting debt
Jakarta is in restructuring talks with Beijing as flagship ‘Whoosh’ railway project racks up losses
Jakarta is in restructuring talks with Beijing as flagship ‘Whoosh’ railway project racks up losses

Washington believes Jakarta is reneging on terms of agreement signed in July

Beijing is stepping up efforts to expand the currency’s role in international trade and financing

Demand for Whoosh, Southeast Asia’s first high-speed train, has not met Jakarta’s expectations since it started operations in…

Regulators probe underwriters UOB, Mirae and Shinhan after January’s plunge in stock prices

Jakarta’s rejection of coercive clauses challenges effort by Donald Trump to counter Chinese influence in south-east Asia

Rating agency cites growing risks from President Prabowo Subianto’s economic and fiscal policies