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Capital move to Borneo hailed

INDONESIA’S proposed new capital city, near the cities of Balikpapan and Samarinda in Borneo, is expected to bring a tremendous impact on Sabah and Sarawak, with its spillover to be enjoyed by Labuan.

India’s IndusInd Bank says worst is over

MUMBAI: IndusInd Bank Ltd, which saw a fifth of its market value wiped out over the past week on concern about its creditors, says the crisis of confidence engulfing India’s financial system is fading away.