An Indonesian presidential victory by Joko Widodo would spark a rally in the rupiah, according to Malayan Banking Bhd. and Morgan Stanley. There’s only one snag: the popular Jakarta governor hasn’t been selected to run yet.
Affin Holdings Bhd., Malaysia’s smallest banking group by market value, agreed to buy most of Hwang-DBS (Malaysia) Bhd.’s investment banking assets for 1.36 billion ringgit ($409 million) after the death of its founder.
CIMB Group Holdings Bhd., Malaysia’s second-largest bank by assets, is selling shares valued at as much as 2.9 billion ringgit ($892 million) to inject money into its units, cut debt and for working capital.