Debt message spawns a waiting game
Article Abstract:
Banking industry representatives and businessmen remain skeptical of the Indonesian government's plan to alleviate the country's financial crisis by the introduction of banking guarantees and debt-solution strategies. Indonesian firms still have a total of about $65 billion in foreign debt to repay without direct help from the government. Though some sectors are doubtful that the plan will do much, some banks have expressed relief that a framework for debt servicing has been created.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Government relaxes city's banking curbs on foreigners; cap of 40% on overseas ownership is removed in measures to boost competition
Article Abstract:
The Singapore government has eliminated the 40% limit on foreign ownership of domestic banks and is allowing foreign banks to gain a share in the domestic retail banking market. The announcement was made on May 17, 1999 by Deputy Prime Minister Lee Hsien Loong. Immediately, shares of Singapore banks increased in value right after the announcement. However, the Monetary Authority of Singapore will implement a series of new measure to make sure that there is appropriate bank control.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Beijing relaxes its distribution rule for foreigners; move widens retail markets, allows wholesale operations and could boost WTO bid
- Abstracts: Pressure rises at Volkswagen's joint ventures in China. Rules of the road in China slow car industry's growth
- Abstracts: Manager of Sri Lanka fund touts banks amid doubts. Thornton's Asian infrastructure fund looks to build on growth in the region
- Abstracts: First among equals: James Burland, credited with the resurgence of Arup Associates, is committee to teamwork and multi-disciplinary design
- Abstracts: Two-stage discrete choice models for scanner panel data: an assessment of process and assumptions. Mathematical models of brand choice behavior