Harry Suhartono

Days after taking charge of Southeast Asia’s biggest economy, Indonesia’s president needs a plan to deal with rising borrowing costs for key state-owned enterprises carrying $186 billion of debt.

Pinnacle US Holdings successfully bid for gym chain Blink Fitness’ assets for $121 million following an auction on Monday, according to a court filing late Wednesday.

CarePoint Health, a long-troubled New Jersey hospital chain, has filed for bankruptcy on Sunday.

Indonesia is considering switching the chief executive officer at the Garuda Indonesia airline, part of the new government’s push to advance the carrier’s profitability and support its expansion, according to people familiar with the matter.

Sritex is challenging a bankruptcy order with 50,000 jobs on the line, Pan Brothers is in talks with creditors.

State-owned carrier PT Garuda Indonesia has removed Irfan Setiaputra as president director, he said in a text message to Bloomberg News.

JAKARTA (Bloomberg): Garuda Indonesia appointed Wamildan Tsani Panjaitan, a top manager at PT Lion Mentari Airlines, as its next chief executive

Dollar-denominated notes issued by the Adani Group fell as much as 10 cents on the dollar Thursday after US prosecutors charged Gautam Adani, the group founder with participating in an alleged bribe plot.

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