G-20 attracts new EV investment to Indonesia
The fund, which is expected to grow up to US$2 billion, will focus on electric vehicle value chain investment primarily in Indonesia from downstream to upstream.
Finance
AI gaining more ground in China
Data showed that the value of China's core AI industries exceeds 400 billion yuan, and the number of related enterprises stands at more than 3,000.
US, Japan mobilise $20 billion to move Indonesia away from coal
To access the grants and concessional loans, Indonesia has committed to capping emissions at 290 million tonnes by 2030.
Led by EVs, solar, wind, China’s new energy stocks are investment options
As an early mover in electric vehicles, China now has the largest market accounting for around 57.4 per cent of global EV production in 2021.
Japan firms form new company for domestic production of next-gen semiconductors
The total investment to set up the new company is likely to be more than ¥7 billion (USD 49 million).
Indonesia mutual funds reeling as rate hikes, regulatory changes bite
Analysts say the drop was a result of interest rate hikes and policy changes regarding taxation and insurance brokers.
More policy support set for real economy
Experts said stepped-up monetary support to boost investment is expected to buffer the downside risks of real estate weakness, among others.
Investors take a shine to Chinese bonds
There is still much room for foreign investors to increase their position in renminbi bonds as economic growth steadily recovers, sources state.
Banking giants to inject 95 trillion won to ease liquidity strain
10 trillion won is set aside to manage liquidity at these South Korean groups’ affiliates, including brokerages, insurance, and card companies.
Corporate bank loans surge amid liquidity concerns
Despite being battered by rising borrowing costs intended to corral inflation, companies are expected to seek out more bank loans.