Bloomberg Indonesia’s budget deficit is set to widen this year as a weakening economy puts pressure on government revenue, Finance Minister Sri Mulyani Indrawati said. The manufacturing sector is struggling and commodity prices have dropped significantly, Indrawati told reporters Thursday in Jakarta. She said she’d issued a decree that would allow the government to widen the 2019 deficit and borrow ...

Bloomberg India’s top court ordered several telecom carriers, including Bharti Airtel Ltd, Vodafone Idea Ltd and many defunct ones, to pay the government as much as 920 billion rupees ($13 billion) in past dues, dealing a blow to the businesses already struggling to make profits and pare debt. The Supreme Court, in a ruling read out by a two-judge bench ...

Bloomberg Hong Kong’s small-cap listings are experiencing outsized gains on their debuts, and none more so than Singaporean companies. Four of them have gone public in Hong Kong in the second half of this year, opening 55% higher than their offer price on average and ending their first day up 58%, according to data compiled by Bloomberg. That compares with ...