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COPYRIGHT 2002 Asia Pulse Pty Ltd
An executive briefing on banking for Dec 31, 2002, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
INDONESIA'S IBRA TO SELL US$107 MLN IN APP CREDITS
JAKARTA - The Indonesian Bank Restructuring Agency (IBRA) said it plans to sell credit assets of Asia Pulp and Paper (APP) valued at Rp960 billion (US$107 million) in the second quarter of 2003.
An IBRA executive Raymond van Beekum said the government will need cash from the asset sales.
INDIAN GOVT MOPS UP US$26.6 MLN IN LOANS
DELHI - Indian Government is slated to borrow Rs 50 billion in the next fortnight after mopping up Rs 1,270 billion (US$26.6 million) till last week accounting for 89 per cent of the Rs 1,428.67 billion estimated during this fiscal.
"Given the Rs 10 billion auction of treasury bills, federal government has now completed Rs 1,270.34 billion of the gross borrowing of this fiscal as against the budget of Rs 1,42,8.67 billion," PNB Gilts said in a report.
KOREAN HOUSEHOLDS, FIRMS NOT TO SUFFER FUND SHORTAGES NEXT YR
SEOUL - Households and businesses are unlikely to suffer a "crisis of fund shortages" in repaying their debts next year unless there are major negative economic variants, a Bank of Korea...
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