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NEWS UPDATES Asean Affairs     September  16,  2016  

Maybank finds it hard to trim lending rates as risk still high

Maybank Indonesia is finding it hard to reduce the lending rate below single digit as the country’s corporate-risk profile is still high at above 10 percent, meaning that the lending rate must be set higher than the figure.

Based on the latest prime-lending rates as of July, the Malaysia-based lender charged a 10.75 percent rate for corporate loans, 11.75 percent for retail loans, and 18.3 percent for micro credit.

"But for top-tier companies, we have already been giving them an interest rate of 9 percent," Maybank Indonesia president director Taswin Zakaria said at Maybank's Invest ASEAN 2016 event in Jakarta on Wednesday.

Weak commodity prices, he continued, hampered the risk profile for corporations operating in mining and plantations. He was worried that no significant improvement would be seen in the sector next year.

Maybank also projects that the small and medium-sized enterprises (SMEs) sector will remain risky. As of July, the firm recorded an average interest rate for SMEs of 14.02 percent, higher than the government’s expectation of 9 percent rates for the sector.

"As corporate risk is still high, the lending rate will consequently be higher for micro lending too," Taswin 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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