The AIIB’s Big Bet on a ‘New Bali’

Suspense, fueled by deafening engine roars, filled the air at the motorcycle Grand Prix as riders whizzed through a sprawling beachside racetrack—a landmark that has sprung up in Mandalika, a coastal enclave on Indonesia’s Lombok island. As part of a campaign to create “new Balis” across the Southeast Asian nation, once sleepy fishing villages like … Read more