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Nine finance companies in Sri Lanka have raised 12.6 billion rupees to shore up capital and have also proposed consolidation plans, the central bank said.

By Park Jae-hyuk Yulchon, one of the largest law firms in Korea, has come under the spotlight after KB Kookmin Bank was embroiled in a 1.6 trillion won ($1.4 billion) lawsuit in Indonesia over its acquisition of Bukopin Bank, which had been completed last August in accordance with the Korean law firm's advice. The outcome of the latest litigation, which remains unclear at this moment, appears set to sway the reputation of Yulchon, which has aggressively helped Korean banks with cross-border acquisitions in the Southeast Asian country, including state-run Korea Development Bank's takeover of T...

IFC support to PT. KB Finansia multi finance to help Indonesian businesses, drive economic recovery [EN/ID] Format Jakarta, Indonesia, December 21, 2020—Micro, small and medium sized businesses (MSMEs), in Indonesia will benefit from a timely investment by IFC, a member of the World Bank Group, which aims to address liquidity issues in the nation's multi-finance sector given the COVID-19 pandemic. This will help preserve jobs, boost market resilience, and contribute to a sustainable and inclusive domestic economic recovery. IFC will provide a loan of up to $50 million to PT. KB Finansia Mul...