Malaysia’s Employees Provident Fund members running out of funds
Prime Minister Ibrahim had previously hinted that the government was looking for other alternatives to help those in need.
Finance
Household savings hit major highs across China
Household savings are the main domestic source of funds to finance capital investments, a major impetus for long-term economic growth.
China invests 21.5 trillion yuan in major projects
The release of these projects with huge investment indicates that local governments regard them as the "driver" and "stabiliser" of economic development.
Striking a balance between technology advancement and regulatory requirements
The new Law on the development and strengthening of the financial sector represents a major milestone for businesses in Indonesia.
Pakistan govt implements revenue measures to secure $1.2 billion IMF tranche early
The government has decided to take a proactive approach and implement tax and non-tax measures from February 15 instead of March 1.
Middle East visit fruitful, enhances understanding: Hong Kong chief exec John Lee
He stated both governments have agreed to enhance opportunities in finance via fundraising for some Islamic economies, issuing of bonds, among others.
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.
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.