Indonesia to set up 5 billion USD sovereign wealth fund World

Indonesia to set up 5 billion USD sovereign wealth fund

The Indonesian government is preparing 75 trillion Rp (5.1 billion USD) for the nation’s sovereign wealth fund (SWF) to attract investment and support the economy as global heavyweights from the United States to the United Arab Emirates have expressed interest to join.
Indonesia, UAE sign 16 cooperation deals World

Indonesia, UAE sign 16 cooperation deals

Indonesia and the United Arab Emirates (UAE) have signed 16 cooperation agreements, including five government-to-government deals and 11 businesses-to-business ones.
Corruption trial of former Malaysian PM resumes World

Corruption trial of former Malaysian PM resumes

Former Malaysian Prime Minister Najib Razak returned to court for the second day of his high-profile corruption trial in Kuala Lumpur on April 15, with the former PM accused of plundering large sums of money from sovereign wealth fund 1MDB.
Foreign investment in banking sector to surge Business

Foreign investment in banking sector to surge

The improved business performance of Vietnamese banks and a Government regulation to require local banks to meet stricter capital regulations as part of Basel II standards is spelling the start of a wave of foreign investment into the country’s finance and banking sector in 2019, experts said.
Global investors eye Vietnam’s real estate market World

Global investors eye Vietnam’s real estate market

Foreign investors cannot take their eyes off the Vietnamese real estate market, one of the most dynamic emerging markets globally, according to an article by regional managing director, Southeast Asia, CBRE Vikram Kohli on www.bussinesstimes.com.sg.
SCIC under divestment pressure in Q4 Business

SCIC under divestment pressure in Q4

The State Capital Investment Corporation (SCIC) is under pressure to complete its divestment scheme towards the end of this year with many large companies still in its portfolio.
Business

State to keep major stake in banks

The state will remain the dominant stakeholder in State-owned banks and allow State-owned enterprises (SOEs) to divest from non-core businesses below the book value, according to newly-issued Government Resolution No 15/NQ-CP.
Business

Oman Fund becomes strategic partner

Oman Investment Fund May 20 inked a deal with PetroVietnam Insurance to become its sole foreign strategic partner, through the acquisition of a 12.6-per-cent stake equivalent to 20.2 million shares from the insurer.