Indonesia Weekly Roundup (Ending 30 August 2024)

By Eveline Danubrata

Quick Take

• Indonesia's Textile Tangle

- Why the Indonesian government's restrictions on Chinese textile imports are not addressing the crux of the problem.

- Pan Brothers is back in restructuring just two years after its debt deal.

• Lobster Rolls & Visi Media

- Why has a picture of a lobster roll angered Indonesians so much?

- Visi Media is a test case on whether Indonesian debtors will be allowed to stick to their old playbook.

Key News

• Indonesian court issues second ruling in favour of Visi Media's international lenders: Statement
• MUFG sustainability-linked loans to Royal Golden Eagle under scrutiny: Eco-Business
• Indonesia’s High Court blocks risky zinc mining project: Yale Environment 360
• Muhammadiyah set to manage former Adaro or Arutmin coal mines: Jakarta Globe
• Singapore family office turns wary about private credit: AsianInvestor

Indonesian Politics

• Indonesia’s U-turn on election law after protests is only a partial victory: Nava Nuraniyah
• Politics is again becoming a family business in Southeast Asia: Karishma Vaswani
• Mr. Mulyono's very bad week: Erin Cook

Deals Tracker

• Indonesia sells longest-ever 40-year bond as easing pivot nears: Bloomberg
• SeaTown closes second private credit fund at over USD 1.3 billion: Statement
• Indonesia Infrastructure Finance to buy up to USD 50 million of bonds due 2026: Statement
• Indonesian billionaire transfers stake in coal firm Bayan Resources to daughter: Bloomberg
• Salim-backed PIK 2 doubles down?on Indonesian tourism estate project: Forbes
• ABNR advises Geo Energy Resources on USD 151 million coal road and port deal: Statement

Key Research

• Asia credit investors broadening their scope of investment: HSBC Corporate and Institutional Banking
• Looking back at Jokowi's decade of resource nationalism: Lowy Institute
• Singapore: International debt restructuring hub or more to do?: Ascendant Legal
• Local content requirements for electricity infrastructure projects get a makeover: HHP Law Firm
• New regulation on safeguard import duty seeks to protect the domestic textile industry: Assegaf Hamzah & Partners

Events Alert

• 3 September: ICC Institute of World Business Law Advanced Training on Oral Advocacy
• 4 September: 6th ICC Indonesia Arbitration Day
• 4 September: Bloomberg CEO Forum
• 5-6 September: International Critical Minerals and Metals Summit - Indonesia
• 5-6 September: Chartered Institute of Arbitrators East Asia Branch Young Members Group 5th Annual Conference

On the Move

• IABF Law Firm welcomes Meidyna Budiarti as a new Partner: Statement

Q&As

• Q&A with Debby Sulaiman : Flying Indonesia's Flag Internationally
• Q&A with Richard Borsuk : Navigating Indonesia's Blurred Lines

Personal Growth Tips

• Build your team on trust, not micromanagement: Amy Gibson
• 7 common mindset traps leading to burnout: Dora Vanourek
• 4 tips to climb the ladder without losing your well-being: Tom Wanek
• How to ensure content quality under tight deadlines: Eveline Danubrata

Recommended Read

• 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

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