The face of Malaysia’s banking sector is set to change next year, with a number of new overseas banks in line to receive licences to enter the market, a move that is expected to increase competition and stimulate domestic lenders to improve services.
Malaysia has not issued any new licences to foreign operators [...]
The South Korea Index Fund jumped by nearly 1% on Monday following surprisingly strong GDP growth in the third quarter.
South Korea’s economy grew 2.9% from the second quarter, the biggest jump since the first quarter of 2002. That represents a 0.6% increase from the same period a year ago, the first year-over-year growth in [...]
Leopard Capital, which last year launched Cambodia’s first multi-sector investment fund, announced the launch of a Leopard Sri Lanka Fund LP for early 2010.
“After several decades of civil war, peace has finally returned to the beautiful island of Sri Lanka, and a new investment cycle and growth upswing has begun. Leopard Sri Lanka Fund will [...]
HSBC, through its wholly-owned subsidiary HSBC Asia Pacific Holdings (UK) Limited, has completed its acquisition of 88.89 per cent of PT Bank Ekonomi Raharja Tbk for US$607.5 million in cash, paid in US dollars.
Bank Ekonomi is one of the largest providers of SME banking services to the fourth most populous nation globally and will almost [...]