China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

Euromoney’s 2012 FX survey results

Euromoney’s 2012 FX survey results

Access the results now

December 1998

Indonesia's new elite



Showing the new face of Asia

Glenn Yusuf: chairman, IBRA
Gunarni Soerowo: chairman, Indonesian Bankers Association
Robby Djohan: chairman, Bank Mandiri
Rini Soewandi: chairman, Astra International

In Jakarta there's a new gang in town. After 30 years of economic management by US-educated technocrats known as the Berkeley mafia - after the part of the University of California where they studied - a younger generation of financial experts is taking over the reins of power in Indonesia.

Unlike their predecessors, whose skills were in macroeconomic management, these new leaders have a sharper edge, honed in the rough and tumble of the private sector. Many of them learnt their trade as executives at...


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