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.
Finance
IMF weighs Ukraine aid package worth up to $20 billion
There is hope the plan will be agreed on by the end of March, with the first tranche coming as early as in April in the best-case scenario.
Weakening dollar seen to push investors to RI despite election uncertainty
Investors expected the US dollar to weaken sometime later this year, which would incentivise them to move to emerging economies’ capital markets.
Jokowi asks banks to support downstream financing
The government hopes this will boost the country’s export value, as well as supporting economic growth.
South Korea, UAE ink $6.1 billion in business deals
A total of 23 memorandums of understanding and a contract were signed between the two countries during a business forum held in Abu Dhabi.
South Korean, Emirati leaders agree to broaden ties with $30 billion investment
13 agreements that have been signed cover cooperation in space, hydrogen, and small-to-medium enterprises.
No interest rate cap on credit card loans: Bangladesh Bank
The Bangladesh Bank said it will also consider removing the lending rate cap in the presence of a 'suitable economic condition'.
Can Cambodia’s energy regime remain attractive for investments?
The CEO of Ly Ly Food Industry Co Ltd contended that Hun Sen’s proposition would inspire great confidence among investors and other electricity consumers.
Tokyo stocks get off to bleak start in 2023
The yen’s strengthening against the dollar further dampened sentiment, brokers said.
Malaysia on strong footing to attract quality investments: Zafrul
The International Trade and Industry Minister said he is optimistic that the local currency will continue to strengthen, given Malaysia’s growth forecast.