Indonesia Chinese investment / IFC-Thailand sustainable finance / Pakistan tycoon assets

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Indonesian Anti-Graft Agency Warns of Risk of Chinese Investment.   “Indonesia’s anti-corruption agency has warned of the risks of doing business with Chinese firms, while also raising concerns over Beijing’s efforts to exert economic influence in the Southeast Asian nation.”

Karlis Sana/Bloomberg: https://www.bloomberg.com/news/articles/2019-12-03/indonesian-anti-graft-agency-warns-of-risk-of-chinese-investment  

 

IFC and Bank of Thailand Join Hands to Accelerate Sustainable Finance in Thailand.  IFC, a member of the World Bank Group, signed a Memorandum of Understanding (MoU) with the Bank of Thailand (BOT) to join forces to accelerate sustainable financing in Thailand. This partnership aims to enable more sustainable business practices by the financial industry and tackle key challenges to address environmental, social, and governance (ESG) risks.

International Finance Cooperation: https://ifcextapps.ifc.org/IFCExt/Pressroom/IFCPressRoom.nsf/0/02F537E3DF422040852584BF00219B80

 

Pakistan tycoon hands over $248m to settle UK corruption probe.   “Malik Riaz Hussain, a Pakistani real estate tycoon, has agreed to hand over 190 million pounds (approximately $248m) held in the United Kingdom to settle a corruption investigation…[Britain's National Crime Agency] said the assets would be passed to the government of Pakistan,”

Aljazeera: https://www.aljazeera.com/news/2019/12/pakistan-tycoon-hands-244m-settle-uk-corruption-probe-191204065641192.html

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