Jokowi to soon announce candidates for Bank Indonesia governorship
Lawmakers had expected Jokowi to submit the candidates’ names by the third week of this month.
Finance
Bank of Japan to start new test on digital currency in April
For now, general consumers will not participate in the new experiment but BOJ employees may join to use a CBDC on a trial basis.
Banks under fire for ‘insufficient’ contribution to Korean society
According to the Korea Federation of Banks, its new project will bring a support effect of around US$7.8 billion to society over the next three years.
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.
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.