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NEWS UPDATES Asean Affairs    18 October 2012 

Maybank plans to be leading banker between Asean and China


The three branches of Malayan Banking Bhd (Maybank) in the Greater China region will be turned into a leading cross-border solutions provider between Asean and China by 2015, said its president and chief executive officer Abdul Wahid Omar.

He said Maybank, Malaysia's largest financial services group, had put in place a strong cross-border wholesale banking business platform in the region which had contributed to a significant growth in profits for the bank over the years.

“If you look at our financial report in the first half of the year, as of June 30, our branches in the Greater China Region contributed US$37 million (113 million ringgit), which was 3 per cent of the bank’s total before-tax profit.

 “Obviously, we expect them to continue to contribute but at the same time, we also expect others to do well, especially with our expansion in the Philippines. It’s not our intention to make this region our largest profit contributor or surpass Singapore and Indonesia,” he said at a press conference held here yesterday in conjunction with the opening of Maybank’s Beijing branch.

Maybank’s foray into this region began with the opening of its Hong Kong branch in 1962. Thirty-one years later, the bank opened its representative office in Beijing and followed by a branch in Shanghai which was then granted a renminbi banking licence in 2003.

In May, China Banking Regulatory Commission granted Maybank a licence to operate a branch in the Chinese capital, mainly focusing on banking services denominated in US dollars. The Beijing branch has a paid up capital of 200 million yuan ($31.84 million).

Maybank deputy president and global wholesale banking head Abdul Farid Alias said the bank in Malaysia and its Shanghai branch started its cross-border renminbi trade settlement services in June last year.

Read the rest of the Story below...


First time outside China and first time in Bangkok: A Multi-Billion$ industry event
The 7th Railworld Summit 2012, Oct 24-26, 2012. The Dusit Thani hotel, Bangkok, Thailand

China’s leading event organizer CDMC (China Decision Makers Consultancy) and AABC (AseanAffairs Business Council) – the business platform of C.I.A. (China-India-Asean) and AseanAffairs- the only global media dedicated to SE Asia brings to Bangkok and Asean for the first time, the prestigious Rail World Summit 2012 to be held for the seventh time and first time outside China.

Southeast Asia is one of the most dynamic, fast-growing regions in the world today. It offers a market of 590 million people, rich natural resources, skilled labor, and an export industry concentrated in global high-growth sectors – all tied together in a free-trade area, ASEAN.

This year’s event will enter a new chapter in Bangkok, Thailand, 24th-26th October. The three-day summit will address the most critical industry issues in Southeast Asia and globally and will draw attendees from government, railway authorities, projects, equipment and technology companies, aiming to help to gauge the pulse of this dynamic industry and get caught up with the most cutting edge railway technologies.

The market for rail technology in Southeast Asia currently has a volume of approximately EUR 1.8 billion. The market will grow at a significantly higher level than other regions. We expect growth of 6% per year to around EUR 2.4 billion in 2016. Though the region makes up only a small share of market volume for railway technology in Asia compared to China, India and Japan, the region is very interesting for international players due to its relative openness and low local competition.

The summit has been extended to feature a post-congress full-day site tour on the third day, which is a tailor-made site visit with high-end reception designed to witness the remarkable advancement of industry facilities, and will leave with practical skills and new contacts.

The conference will draw over 270 participants, bringing together with government and association, railway authorities, metro/LRT operators, project owners, planning & design institutes, equipment & technology vendor and IT solution companies.

Some of the confirmed companies
from Europe, USA, China, India, Japan, Korea, Cambodia, Thailand, Indonesia, Malaysia......Beijing Subway Operation Co., Ltd,  Siemens, Chongqing Rail Transit Corporation, AEG Brazilian National Agency for Land Transport, Rutherford Global Power, China Railway Group Limited,  Balfour Beatty Rail,  Shanghai Shentong Metro Co., Ltd, Ministry of Railways P.R.C., ADB ,Knorr-Bremse SfS GmbH, Indian Railways, Beijing-Shanghai High-Speed Railway Co., Ltd, Bayer Materials, Korea Rail Networks Authority, GE Transportation,  BAE Systems, ABB Ashurst, EAO Zoller + Fröhlich GmbH, Kawasaki Heavy Industries Ltd.,Rockwell  Hitachi Cable, Nexans WaveTrain Systems, Itochu, Cisco   RZD ZOOMLION Komatsu, Halfen Rail Innovation Australia Pty Ltd, MAHLE Behr Industry Cooling Equipment (Tianjin) Co., Ltd.  Böhler Uddeholm, MITSUBISHI ELECTRIC CORPORATION, Rogers (Shanghai)

International Trading Co., Ltd. Freshfields Bruckhaus Deringer TOLL, Royal Cambodia railways, Nanjing Metro, Delhi Metro Rail Corporation,Konkan Railway Corporation Ltd. , Beijing Dinghan Tech Co., Ltd. , HOPPECKE Battery System GmbH, Crane Aerospace, CSM ERL Maintenance Support Sdn Bhd, Metrosolution Zublin, Mitsui & Co., Ltd., Fuji Electric, Voestalpine BWG GmbH & Co.KG, MRT Jakarta,  TUV Rhainland, Beijing General Municipal Engineering R & D Institute,  Guangshen Railway Co., Ltd   MOOG   Centro Sviluppo Materiali SpA Ashida ELECTRONICS (P) LTD. ,Technical Expert Network, UBM, Jindal Steel, Herbert Smith Bureau Veritas, China Railway 23rd Bureau Group Co.,Ltd. Bangkok Metro, Bangkok Metropolitan Authority, Land Public Transport Commission (SPAD, Malaysia).

Hurry! Seats are Limited! Receive discounts on Individual & multiple bookings before 5 Oct 2012.
Email to request for Delegate Registration Form, Agenda, Sponsor Prospectus.

Or Register at:

“We are certainly very excited to facilitate trade transactions in the form of renminbi. We have done a few transactions in Malaysia and Shanghai.
“Last year, trade between Malaysia and China was $90 billion (275 billion ringgit) and this year we are expecting some $100 billion (306 billion ringgit). Compared with the total trade, the amount settled in renminbi is still very small,” he said.

Abdul Farid said through Maybank all companies in China and Malaysia could settle their trade in renminbi instead of a third-party currency and corporate clients at its Shanghai branch could also open a ringgit account for better cross-border trade.

“Together with the People’s Bank of China and Bank Negara [Malaysian central bank], we are going around Malaysia to inform companies that it is allowed by the regulators to settle their trade transactions in renminbi and it is cheaper that way as well.

“We hope that these awareness initiatives will create a lot more demand and eventually the transaction volume (in renminbi) will go up,” he said.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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