Indonesia joins BRICS-backed New Development Bank
The decision came after Indonesia President Prabowo held a meeting with NDB president Dilma Vana Rousseff at the State Palace in Jakarta on Tuesday.
Finance
Malaysian banks foiled nearly US$180 million in fraudulent transactions
Association of Banks in Malaysia said the transactions, worth over RM780mil, were intercepted between 2023 and 2024.
Indonesian sovereign wealth fund unveils leadership lineup including Sachs, Thai ex-PM Thaksin
Analysts caution that the fund’s success will hinge more on its execution than on the prominence of its board members.
Indonesia retains credit rating amid promising growth, but revenue concerns persist
Credit rating agencies warn that a downgrade could be on the horizon if the government struggles to sustain economic growth or allows the fiscal deficit to widen by prioritising…
South Korea’s total debt hits record high, among world’s highest
The figure amounts to 2.5 times the country’s gross domestic product.
Major Thai banks gear up for New Year with billions in cash reserves
5 top banks have set aside over 154 billion baht in reserves for festive spending, while the central bank will also earmark 80 billion baht to meet higher demand for cash.
Crypto tax postponed again: Why Korea remains a rare case
The original plan proposed a 22 percent tax on annual crypto income exceeding 2.5 million won ($1,750) starting in January 2022 but has been delayed three times due to political…
Indonesia President Prabowo plans new state investment firm
The structure of the agency is being discussed with other authorities, but the goal is for it to operate like Singapore's Temasek as a state-owned investment firm, said Hadad, who…
Singapore investors more conservative than peers in Asia and Middle East
Investors in Singapore are still lukewarm towards crypto and digital assets, citing a lack of knowledge, perceived volatility and low trust in crypto exchanges as key reasons for…
Banknotes marking Thai Majesty’s 72nd birthday now on sale
The central bank has printed only 10 million commemorative notes, that can be bought for 100 baht at all banks.