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WELLINGTON: New Zealand is clamping down on property investors in an attempt to rein in spiralling house prices.
From WONG TECK JIN Petaling Jaya.
NEW YORK: Anger is building in the senior ranks at Bank of America Corp after the company waived an unpopular new bonus policy for top traders and dealmakers while keeping the plan in place for other employees.
DISCERNING investors could eke more gains out of developing-nation bonds, but the bulk of the rally in the riskiest corners of the market may have passed.
JAKARTA (The Jakarta Post): Indonesia is seeking to boost its currently limited syariah finance sector with the launch of Bank Syariah Indonesia (BSI) this week, the country’s largest syariah bank.
KUCHING: The state government has approved RM141.7mil as additional initiatives for small and medium enterprises (SMEs) under the Sarawakku Sayang special aid package.
SINGAPORE: Singapore signaled that local banks and borrowers should move away from using the discredited London interbank offered rate to price financial products this year, even after global Libor authorities looked to delay its retirement.
Digital lending platforms in India have come under greater scrutiny recently for their methods, including the collection and alleged misuse of borrowers’ data, underlining the risks to driving financial inclusion with newer technologies.