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NEW UPDATES Asean Affairs   8 January 2015  

Malaysian bank expansion halted in RI

No more Malaysian banks would be permitted to operate in Indonesia as long as Indonesian banks were unable to set up branches in that country, the Financial Services Authority (OJK) said on Tuesday.

The decision came following a deal the OJK signed with Bank Indonesia (BI) and the Malaysian central bank, Bank Negara Malaysia, which aims to support ASEAN banking integration (ABIF).

The OJK explained that the agreement came with reciprocal principles.

“Until three of our banks open in Malaysia, no more of their banks will be allowed to operate here in Indonesia. They already have three here,” the OJK’s banking supervision chief executive Nelson Tampubulon said as quoted by

The three Malaysian banks that currently have branches in Indonesia are CIMB Niaga, BII-Maybank and Maybank Syariah.

The goal of the ABIF is to open and extend market access for qualified ASEAN banks (QAB) in ASEAN countries.

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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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