1:17 pm October 2, 2014 | No Comment
The Indonesian government’s policy to limit credit card ownership, slated to take into effect on Jan. 1, could lead to a reduction in the number of credit cards in circulation by 450,000 this year.
11:10 am October 2, 2014 | No Comment
Myanmar’s regulators, in granting bank licenses to nine foreign lenders on Wednesday, sought companies that could lure investment to a nation emerging from five decades of economic isolation.
8:06 pm October 1, 2014 | No Comment
Prime Minister Narendra Modi’s plan to develop India includes creating toilet access for all 1.2 billion people and opening a bank account for every adult who does not already have one. India’s state-owned lenders are being called on to do both, threatening to erode profits and add expenditures at firms saddled with nonperforming loans.
6:12 pm October 1, 2014 | No Comment
Yangon. Myanmar has granted nine foreign banks, including three Japanese lenders and Australia’s ANZ, approval to operate on a limited basis — a move aimed at spurring foreign investment in an economy emerging from decades of military rule. The banks will be allowed to set up one branch each and will be able to provides […]
11:04 am October 1, 2014 | No Comment
The House of Representatives failed on Monday to initiate formal discussion on a banking bill that would cap foreign ownership in Indonesian lenders at 40 percent. The failure means that the banking bill could be delayed by two or three years — as the House need to re-initiate the bill from scratch — and that could give more time for the industry to lobby the House for what it would consider more reasonable rules.
10:54 am October 1, 2014 | No Comment
Assets under management at Panin Asset Management, a subsidiary of Panin Sekuritas, fell to Rp 11.88 trillion ($990 million) at the end August, despite taking in new customers.
10:22 am October 1, 2014 | No Comment
Financial Services Authority (OJK) will require banks to have branch in eastern Indonesia to be eligible for branchless banking permit.
8:57 pm September 30, 2014 | No Comment
Indonesia's financial regulator said on Tuesday it would impose a ceiling on the interest rates that the bigger banks can offer to fixed deposit holders after an "interest rate war" raised rates to unreasonable levels.