Bank Jakarta partners with Pelita Jaya for IBL 2026 sponsorship
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Bank Jakarta has officially partnered with the basketball club Pelita Jaya for sponsorship in the 2026 Indonesian Basketball League (IBL) season. The collaboration targets young generations and urban communities to strengthen branding and financial literacy. The launch event took place on February 12, 2026, in South Jakarta.
ThisDayLive publishes an article explaining the new guidelines for BDCs.
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Hong Kong’s West Kowloon Cultural District Authority has signed a HK$3 billion, 10-year loan facility agreement to address financing challenges until its residential property development generates income. The deal, with Industrial and Commercial Bank of China (Asia), or ICBC, is accompanied by a US$1 billion bond issuance in tranches. Board chairman Bernard Chan said it bridges a funding gap and signals the bank’s confidence in their future profitability.
Former employees of Educor, including City Varsity, remain in limbo after the company ignored a CCMA ruling to compensate 13 staff members for constructive dismissal with over R1.3 million by the end of January 2026. The decision followed years of salary delays and poor working conditions at the Cape Town campus. Legal representatives plan to enforce the award through court execution.
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The management of the University of Abuja has dismissed allegations that NELFUND loans intended for students were diverted by the institution.
The Nigerian stock market continued its upward trend, with the market capitalization reaching N113 trillion. This extension of positive momentum reflects ongoing investor confidence in the equities sector.
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Commercial International Bank-Egypt (CIB) reported consolidated net income of EGP 20.1bn in the fourth quarter of 2025, up 57% year on year. Full-year 2025 consolidated net income reached EGP 82.2bn, marking a 49% increase compared with 2024.
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