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NEWS UPDATES Asean Affairs    15 October 2012 

Malaysia’s Maybank eyes expansion into Thailand
Malayan Banking Bhd (Maybank), Malaysia's largest financial services group, remains interested in building its presence in Thailand although its immediate focus is to expand in the markets where it has a strong presence, said a top official.

Maybank group chief financial officer Mohamed Rafique Merican, however, said any acquisition of Thai banks would be based on terms and an environment that it was comfortable with and would not be purely for the sake of having a representation.

“We have a regional (footprint) now but Thailand continues to be a market where we do not have commercial banking exposure.

“Maybank is always looking for a right fit in Thailand. It is something that we will definitely consider and look at,” said Rafique.

He said there was going to be growth in some of the markets that Maybank were already represented in.

“The growth in Indonesia, for example is going to be faster than Malaysia,” said Rafique.

Rafique's comments follow Maybank's recent private placement exercise which raised a record 3.66 billion ringgit (US$1.2 billion).

The exercise had fueled speculation that Maybank would bid for Thailand's Bank of Ayudhya following reports that the bank, CIMB Group and Oversea-Chinese Banking Corp were interested in General Electric's 25.3 per cent stake in the fifth-largest banking group in Thailand.

Maybank has since said that the funds raised are not meant for that purpose.

Currently, Maybank has a presence in Thailand via Maybank Kim Eng Securities (Thailand).

In Indonesia, it has a 97.52 per cent stake in Bank Internasional Indonesia (BII).

It also has commercial banking operations in Singapore, Philippines, Hong Kong and Cambodia, according to its website.

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:

Maybank has said that it intends to have a complete banking presence in Asean by 2015, in line with its target to become a regional financial player.

Meanwhile, following Maybank's large placement exercise, banking analysts said that local banks were well-capitalised at current levels and were unlikely to engage in capital raising activities in the near term unless they were looking at significant outlay in that time frame.

The core equity capital ratio, which measures the amount of capital a bank has, is generally above 7 per cent for all banks in Malaysia.

This was healthy enough to meet Basel III requirements which would kick off next year, they said.

Rafique said Basel III set the minimum (requirement). “If we see growth potential, we want to be able to respond to it.”

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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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