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Malaysia mulls tougher enforcement of foreign insurer ownership cap

  Bloomberg Malaysia is weighing tougher enforcement of a cap on foreign ownership of insurers as it seeks to boost local participation in the industry, people with knowledge of the matter said. The central bank is considering more strictly applying an existing policy that foreign companies owning 100 percent of local insurance firms must pare their stakes to no more ...

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Modi’s record infra spend boosts loan volume

  Bloomberg Prime Minister Narendra Modi’s ambitious plans to spend a record $60 billion on India’s infrastructure this fiscal year may provide a much-needed boost to the rupee loan market after project-finance volumes slumped last year. Bank loan commitments for project financing may potentially double to 2 trillion rupees ($31 billion) this financial year, according to Muhund Kannappan, a credit ...

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Broadcom wins Japan banks’ backing for Toshiba chip bid

  Bloomberg Broadcom Ltd. has lined up financing from three Japan banks and private-equity firm Silver Lake as it bids for Toshiba Corp.’s semiconductor business, according to people familiar with the matter. The lending units of Mizuho Financial Group Inc., Sumitomo Mitsui Financial Group Inc. and Mitsubishi UFJ Financial Group Inc. plan to provide about $15 billion in loans, while ...

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