Are we ready for a sovereign wealth fund?
The concept of sovereign wealth funds is not new: some countries have more money than they need, and they use this to generate more money.
Finance
Big firms hold back on investment plans for 2023: survey
Reportedly, local businesses are struggling to absorb the impact from a series of rate hikes.
Mine-free Kingdom 2025 goal gets big funding boost
The sub-decree establishing the fund said it would be used to manage the costs of clearing mines and unexploded ordnance.
‘Digital rupiah’ won’t cut out banks, fintech, BI claims
The bank announced it would not offer interest rates on the so-called “digital rupiah” to avoid creating “head-to-head” competition with financial products created by…
Indonesia’s EV producers upbeat over planned subsidies
Amid the high prices of gasoline and diesel fuel, the government has been pushing for the faster adoption of EVs nationwide.
Thailand can expect THB300 billion in Saudi investment next year
It was reported that the Saudi delegation showed interest in digital innovations, medical tourism, electric vehicles, among others.
Indonesian minister amends statement on rich having their own insurance program
Health Minister Sadikin clarified that the facility would maintain universal coverage of only basic health needs.
Japanese-funded $35m R&D centre opens in Da Nang
The Centre focuses on projects involving drones, robots, water purification technology, and medical equipment and related software.
China’s policies to stabilise real estate financing
Policies include the central bank's move to cut the reserve requirement ratio for financial institutions by 0.25 percentage points.
Trader duped by seniors in ‘Marcos gold’ investment
The victim, an admitted supporter of the Marcos family, said he fell for the dubious deal because those behind it were in their 80s.