Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>   Indonesia News  >>   Finance  >>   Central Indo bank limits credit cards
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 tempointeraktif.com.

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.


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below
Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code



 
Today's  Stories    26  October  2011 Subsribe Now !
• Global economics to impact Asean 5 Subcribe: Asean Affairs Global Magazine
• US assistance to Cambodia Asean Affairs Premium

• New environment minister on the warpath

Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Water quality destroys mussel farming
• Report that president paid off insurgents
• Singapore women execs in lower ranks
• Flooding fears in Bangkok

• Property losses in Thai flooding

pp

Asean Analysis              26  October  2011

Advertise Your Brand
• Asean Analysis-October 26 Sponsor Our Events

Asean Stock Watch      26  October  2011

 
• Asean Stock Watch-October 26 p

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

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

 

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com