Indonesia Weekly Roundup (Ending 27 September 2024)

By Eveline Danubrata

Note: I will be away and will not be producing the weekly newsletter when I'm on the road.

Quick Take

• Indonesian Restructuring Case Studies

- Bakrie Telecom

- Sri Rejeki Isman (Sritex)

- Indonesian Coal Miners

Key News

• Indonesia's Prabowo will stick to approved 2025 budget spending, aide says: Reuters
• Indonesian borrowers’ rupiah debt binge is set for a slowdown: Bloomberg
• Indonesia to launch central counterparty clearing house next week: Reuters
• APAC asset owners to raise Asia fixed income bets as US rates fall: AsianInvestor
• Global plan for early ditch of coal power hits Indonesia hurdle: Reuters
• RHB says Indonesia's tax changes could weaken Malaysia's palm oil edge: New Straits Times

Deals Tracker

• Indonesia aims for USD 1.5 billion restructuring at Krakatau Steel: Bloomberg
• Indonesian nickel refiner Harita seeks new buyers outside China: Nikkei
• Indonesia may review free float rule on Barito drop: Kontan
• SGMW Multifinance Indonesia gets additional IDR 300 billion green loan facility from HSBC: VOI
• Indonesia still negotiating for additional 10% stake in Freeport Indonesia: Jakarta Globe
• Muzinich & Co. and Orion3 launch infrastructure and real assets private debt strategy: Statement

Key Research & Analysis

• Asia Fixed Income Investment Outlook – Quarterly Update: Invesco Asia Pacific
• Rated Indonesian Homebuilders' Presales on Track to Meet 2024 Forecasts: Fitch Ratings
• Restructuring Across Borders: A&O Shearman
• Mandatory Legal Audit is Set to Shake Business Practice: Assegaf Hamzah & Partners
• Indonesia's Islamic Groups Must Reverse Out of Mining Industry: Nikkei

Events Alert

• 2 October: Third-Party Release in Restructuring in the US and Singapore
• 3 October: International Tax Conference 2024 - Managing Uncertainty in the Dynamic Global Tax Landscape
• 24 October: ALB Indonesia Law Awards 2024
• 13 November: IFR Asia SE Asia & India Roundtable
• 3-4 December: Indonesia Economic Summit

On the Move

• Indonesia Investment Authority (INA)'s Chief Legal Counsel, Arisia Pusponegoro, was named among ALB Asia Top 15 General Counsels 2024: Statement

Q&As

• Q&A with Tracy Tania : Earning the Trust of Stakeholders
• Q&A with Debby Sulaiman: Flying Indonesia's Flag Internationally
• Q&A with Richard Borsuk: Navigating Indonesia's Blurred Lines

Personal Growth Tips

• How to turn a group of strangers into a team: Amy Edmondson
• 8 brutal career traps and how to avoid them: Shulin Lee
• The introvert's guide to becoming a powerful leader: Dora Vanourek
• How to manage a remote team across different time zones: Eveline Danubrata

Recommended Read

• Educated by Tara Westover: A beautifully written memoir on how education has helped a woman who was born into a Mormon family to reclaim her voice and enlarge her world.
• The Chimp Paradox by Steve Peters: This book gives a scientific explanation of why we are sometimes hijacked by negative thoughts and emotions ("The Chimp") and offers the tools to manage it.

Puzzle of the Month

• October 2024: Indonesian Islands Edition
• September 2024: Indonesian Culinary Delights Edition
• August 2024: Indonesian Current Affairs Edition
• July 2024: Indonesian Restructuring Edition