Headlines

The hidden amnesty in Indonesia’s cut-rate Patriot Bonds

Indonesia’s new sovereign investment vehicle, BPI Danantara, has officially launched the Patriot Bond, targeting an extraordinary 50 trillion rupiah (US$2.8 billion) in fundraising. The special debt instrument consists of two tranches worth 25 trillion rupiah each: Series A

Asia

China’s bear hug won’t save Myanmar’s Min Aung Hlaing

When Chinese President Xi Jinping welcomed Myanmar coup-maker Senior General Min Aung Hlaing to Beijing on June 15 with full state-visit honors — Huawei phone gift included — the choreography was meant to read as consolidation. Five days later, when UN Special Envoy Julie

Asia