Thailand and Indonesia could face a liquidity squeeze and challenges in refinancing debt, but the liquidity issue is unlikely to morph into solvency risk, given their low levels of foreign debt, the World Bank warned on Thursday, as Asia’s economies face gathering headwinds, Nikkei Asian Review reports. Indonesia’s rupiah weakened past 15,000 per dollar for the first time in 20 years on Tuesday as sentiment toward emerging economy assets soured and oil prices jumped. Indonesia’s central bank expects the selling pressure on the rupiah to ease next year as the country steps up efforts to narrow a current-account deficit and stabilize the currency, Bloomberg reported Wednesday, quoting Governor Perry Warjiyo.