Several lawmakers are considering the formation of a special committee to investigate the recent bankruptcy ruling against Sritex, Indonesia’s largest textile company, which could potentially lead to tens of thousands of job losses, JakartaGlobe.id reported. Members of the House of Representatives' Commission VII on industry and the creative economy revealed the plan during a visit to Sritex’s factory in Sukoharjo Regency, Central Java, on Thursday.

Investors who won a $16 billion judgment against Argentina over its nationalization of energy firm YPF SA more than a decade ago are open to receiving payment in bonds instead of cash, Bloomberg News reported. Burford Capital, a litigation funder that’s the biggest stakeholder in the case, would accept sovereign bonds or other marketable securities, considering the Argentine central bank’s depleted foreign reserves, the people noted, asking not to be identified because the discussions are private.

China unveiled a 10 trillion yuan ($1.40 trillion) debt package on Friday to ease local government financing strains and stabilise flagging economic growth, as it faces fresh pressure from the re-election of Donald Trump as U.S. president, Reuters reported. The measures confirm last week's Reuters report, and mark a departure from the all-out stimulus strategies to revive growth China has deployed in the past. They aim to repair municipal balance sheets as a longer-term objective, rather than directly inject money into the economy.

Chinese builder Hopson Development Holdings Ltd. is in talks for a new private loan to refinance an expired bridge facility that backed the purchase of some property in Hong Kong, Bloomberg News reported. Discussions for the new loan with Seatown Holdings Pte Ltd., a subsidiary of Singaporean sovereign fund Temasek Holdings Pte, are ongoing, the people said. Earlier this year, Hopson, whose projects include high-end residential and commercial properties in Beijing and Guangzhou, received a four month bridge loan of around $100 million to $115 million from Seatown.

Japan’s finance minister has issued a fresh warning to the currency market in the wake of Donald Trump’s election victory, which sent the dollar sharply higher against the yen, the Wall Street Journal reported. “We are watching developments in the currency market, including speculative moves, with an extremely high sense of urgency,” Katsunobu Kato said at a news conference on Friday.

Turkey’s central bank raised its inflation forecasts for this year and through 2026, bringing them closer to market expectations after price gains exceeded estimates for two consecutive months, Bloomberg News reported. The latest outlook shows officials see inflation finishing this year at 44% and then reaching 21% by the end of 2025, up from their previous estimates of 38% and 14%, respectively. The revision, “though not ideal, is not a serious deviation” and the bank expects price growth at 38% in March, Governor Fatih Karahan said Friday in the capital Ankara.

An Indian state agency has banned Reliance Power from clean energy tenders for three years after finding it had used a fraudulent bank guarantee in a bidding process, with the developer now alleging that it is in fact the victim of a “conspiracy,” RechargeNews.com reported. The Solar Energy Corporation of India (SECI) said on Wednesday it is banning Reliance Power and its units from tenders for three years after finding it had relied on a “fake” endorsement of a bank guarantee. Reliance Power is a subsidiary of Indian conglomerate Reliance Group.

Jet Airways, once India‘s second-biggest carrier, is to be liquidated, the country’s Supreme Court ruled Thursday, ending a tumultuous five-year insolvency resolution saga for the bankrupt airline, Bloomberg News reported. The Jalan-Kalrock Consortium, the winning bidder, failed to implement its revival plan and “contravened the terms of the resolution plan,” a three-judge bench of the court said, while overturning a tribunal order for transferring ownership to the group.

Six years after India’s shadow-banking sector blew up, pockets of stress are building again, prompting firms to start pulling back amid scrutiny from the regulator, Bloomberg News reported. Bajaj Finance Ltd., the country’s largest shadow lender, joined rivals including Shriram Finance Ltd., Mahindra & Mahindra Financial Services Ltd., and IIFL Finance Ltd. that posted higher delinquencies on unsecured loans in their second quarter earnings reports. Most firms also set aside more capital for provisions and had lower profits than expected.