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The central bank has issued digital currency to seven banks, including Kookmin and Shinhan, as part of a pilot program. Meanwhile, Xiaomi plans to raise up to $5.27 billion through a share placement for business expansion and tech investment. In Japan, private equity firms are targeting the fragmented HR tech market, driven by low interest rates and a focus on governance, despite challenges from competition and global firms.
Indonesia's new sovereign wealth fund, Danantara, has unveiled its advisory team, which includes notable figures such as former Presidents Joko Widodo and Susilo Bambang Yudhoyono, economist Jeffrey Sachs, hedge fund manager Ray Dalio, and former Thai Prime Minister Thaksin Shinawatra. Launched to support a US$900 billion asset management strategy, Danantara aims to drive 8% economic growth by 2029 through the consolidation of state-owned enterprise shares and reinvestment in key sectors like natural resources, AI, energy, and food security. CEO Rosan Roeslani expresses confidence that the high-profile advisory board will enhance market sentiment and job creation.
Jeffrey Sachse
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
private equity firms target japan's fragmented hr tech market for growth
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10:30 26.03.2025
Indonesia's Danantara unveils high-profile advisory team for asset management strategy
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10:40 24.03.2025
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