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NEWS UPDATES Asean Affairs     5 November  2011

Central Indo bank limits credit cards

Bank Indonesia says it will impose a credit card ownership restriction to customers whose income is below Rp 3 million (US$334) per month.

“Customers with an income less than Rp 3 million can only own two credit cards,” BI accounting and payment systems chief Ronald Waas said Friday, as quoted by

He said that giving low-income customers the freedom to own multiple credit cards was the same as “giving them a facility to plunge themselves into misery”.

High-earning customers, meanwhile, would have their credit card issuance handled by its publisher. “Because it is the publishers who know the customer’s risks,” he said.

He added that BI has also regulated the minimum age limit for credit card owners. “[Especially] for customers aged 21 or those who are married,” he said.

Ronald said that the policy will come under the Bank Indonesia revision on regulations for payment systems using cards (APMK). The policy has been approved by the Governors’ Council Assembly and is expected to be officially issued in late November.

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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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