Kakao becomes SM’s 2nd largest stakeholder
Kakao made the investment in part by acquiring SM's newly issued stocks through third-party paid-in capital increases.
Finance
John Lee seeks oil giant Aramco listing in Hong Kong
He stated that the city will provide a full range of financial and professional services to Saudi Aramco, including assistance in listing in Hong Kong.
Loan accounts reach 1.54 million at end-2022: Cambodian credit bureau
Out of this, 79.43 percent comprised of personal finance loan accounts, while a much smaller share was recorded for credit card and mortgage loans.
Major Indonesian banks hit loan brake after last year’s frenzy
Banks are expecting their loan portfolios to grow between 10 and 12 percent this year, matching the industry-wide forecast by the Financial Services Authority.
IMF weighs Ukraine aid package worth up to $20 billion
There is hope the plan will be agreed on by the end of March, with the first tranche coming as early as in April in the best-case scenario.
Weakening dollar seen to push investors to RI despite election uncertainty
Investors expected the US dollar to weaken sometime later this year, which would incentivise them to move to emerging economies’ capital markets.
Jokowi asks banks to support downstream financing
The government hopes this will boost the country’s export value, as well as supporting economic growth.
South Korea, UAE ink $6.1 billion in business deals
A total of 23 memorandums of understanding and a contract were signed between the two countries during a business forum held in Abu Dhabi.
South Korean, Emirati leaders agree to broaden ties with $30 billion investment
13 agreements that have been signed cover cooperation in space, hydrogen, and small-to-medium enterprises.
No interest rate cap on credit card loans: Bangladesh Bank
The Bangladesh Bank said it will also consider removing the lending rate cap in the presence of a 'suitable economic condition'.