Indonesia is in talks with China to restructure debt linked to its $7.3 billion high-speed rail project, Whoosh — the first bullet train in Southeast Asia. Built under China’s Belt and Road Initiative, the Jakarta–Bandung line was launched in 2023 but is now operating at a loss, with low passenger numbers and high costs. Indonesia’s sovereign wealth fund, Danantara, is leading debt talks as the government rules out using public funds. China calls the project a success, but Indonesia’s losses highlight wider struggles, as countries from Zambia to Sri Lanka seek to renegotiate Chinese loans amid mounting repayment pressures. Firstpost | World News | News Live | Vantage | Palki Sharma | News
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.
Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.
Subscribe to Firstpost channel and press the bell icon to get notified when we go live.
