Troubled Indonesian state-owned builder PT Wijaya Karya failed to repay the outstanding principals of two rupiah-denominated notes, a fresh signal that the country’s construction sector is still reeling from the financial consequences of a decade-long infrastructure push.
Indonesian Builder Misses Payment on $61 Million Note, Sukuk
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China is expected to avoid direct involvement in India-Pakistan tensions following the Pahalgam attack, despite its alliance with Pakistan, according to Lt Gen (retd) Rana Pratap Kalita. While acknowledging strategic…
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