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.

Administration of General Economic Programs, Economic Programs, Administration of Economic Programs, Currency Stabilization Programs, Intnl Banking Services, International Trade Financing, Economic aspects, Finance, Prices and rates, Indonesia, External debts, Currency stabilization, International banking, Rupiah (Indonesia), International banking facilities

---

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.

United States, Commercial Banking, Foreign trade, Banking industry, Commercial banks, Laws, regulations and rules, Singapore, Foreign banks

---

Similar abstracts:

• 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

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.