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Maroc Maroc - WN.COM - Asia - 22/Nov 09:06

China-backed Whoosh rail locks Indonesia in a financial bind

Indonesia’s Jakarta–Bandung high-speed rail, known as Whoosh, was launched as a statement of national ambition—proof that Southeast Asia’s largest economy could adopt cutting-edge transport infrastructure. Yet as operations continue, the project now faces a deeper test: a complex financial burden that has placed Indonesia in a delicate policy dilemma, one that demands both prudence and political clarity. Unlike many of Indonesia’s past megaprojects, Whoosh is financed through a joint venture between Indonesian state-owned enterprises and Chinese partners, backed predominantly by loans from the China Development Bank as part of the Belt and Road Initiative. Costs have soared far beyond...

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Yaoundé: Indonesia Intensifies Interactive Promotion Via Exhibition

cameroonconcordnews.com - 21/Nov 09:41

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New Manulife report finds Asians want to live better, not just longer, as they prepare for a 40-year retirement

mindanaotimes.com.ph - 25/Nov 11:11

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