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Videsh Sanchar Nigam Ltd (VSNL), India's monopoly player in the international telephony market, celebrated the country's Independence Day in New York when its shares were listed on the New York Stock Exchange on August 15. This is the first time that an Indian state-run company has listed its shares on a US market. VSNL did so by converting 95% of its global depositary receipts into American depositary receipts. GDR holders account for 30% of VSNL shares while the government holds 52%. The rest is widely held in the domestic market. Bank of New York is the depositary bank.

Ventures trading Asian bonds online believe that their systems, BondsInAsia and Asiabondportal, will bring liquidity and transparency to the region – and therefore increase levels of issuance. Institutional investors will need some convincing. By Fiona Haddock

After porkbellies, bandwidth

After porkbellies, bandwidth

Projections for the number of online brokers in Asia – particularly Hong Kong – are mind-boggling. Can there possibly be a future for so many?

It is an unthinkable task. But a full recovery for Indonesia will not be complete without the restructuring of a staggering US$100 billion of private sector debt. It will take years and may never be completed, but there have been steps forward. By Maggie Ford

Macroeconomic outlook

Macroeconomic outlook

It is an unthinkable task. But a full recovery for Indonesia will not be complete without the restructuring of a staggering US$100 billion of private sector debt. It will take years and may never be completed, but there have been steps forward. By Maggie Ford

Bambang Sudibyo was Indonesia's finance minister for the first 10 months of the Wahid government until the president replaced him with Prijadi Praptosuhardjo – perhaps the most controversial decision of the whole reshuffle. Asiamoney met him just two days before Wahid's announcement. By Chris Wright and Maggie Ford.

The financial crisis, and the IMF reforms that followed it, have opened South Korea's financial sector up to foreign entrants. Approaches vary, but they all run up against the same barriers when it comes to pitching for mandates. By Pauline Loong.

Bambang Sudibyo was Indonesia's finance minister for the first 10 months of the Wahid government until the president replaced him with Prijadi Praptosuhardjo – perhaps the most controversial decision of the whole reshuffle. Asiamoney met him just two days before Wahid's announcement. By Chris Wright and Maggie Ford.