Indonesia
Garuda Indonesia hopes to resume trading in its shares after issuing around $80 million in Islamic bonds this week, the CEO of the country's flagship airline said on Tuesday, Nikkei Asia reported. The Indonesia Stock Exchange suspended trading in the state airline's stock in June last year, after the company defaulted on coupon payments for a $500 million Islamic bond, or sukuk. Garuda's troubles were long in the making, but worsened as the COVID-19 pandemic hammered the industry, bringing air travel and tourism to a virtual standstill.
Indonesian Flagship Airlines Garuda Set to Be Profitable Again Next Year, Says Government Prediction
The Zipmex cryptocurrency exchange on Wednesday blocked users from taking direct custody of their coins, citing volatile market conditions, Coin Desk reported. "Due to a combination of circumstances beyond our control, including volatile market conditions, and the resulting financial difficulties of our key business partners, to maintain the integrity of our platform, we would be pausing withdrawals until further notice," the exchange announced on Twitter.