Market players are once more eyeing up Indonesia’s banks, indicating a return of confidence but, as Tim Johnston reports from Jakarta, the long-term outlook is by no means certain.
Asia-Pacific
Japan provides missing piece for regional custody solution
July 2, 2004Asia Pacific’s geographical diversity makes the idea of a regional approach to custody seem far-fetched. But, as Francis Maguire reports, if the Japanese market can be cracked, then a regional solution may be possible.
Banks keen to transform their revenue structure
July 2, 2004South Korea’s banks have been suffering wide profit swings. Park Sang-soo reports from Seoul on their efforts to find alternative sources of income to beef up their profitability.
Fresh investors wanted
July 2, 2004In a bid to boost South Korea’s sluggish economy, the government has revised asset management laws to encourage the growth of private equity funds. But the move has its opponents, as Kim Ji-hyun reports.
Steady as she goes
July 2, 2004Malaysia’s central bank governor Tan Sri Dato Zeti Akhtar Aziz tells Brian Caplen why she is focusing on economic stability, and discusses Islamic banking, keeping the dollar peg and relations with China.
Investment banker takes helm of Taiwan’s finance commission
July 2, 2004Premier Yu Shyi-kun appointed Taiwan Sugar Corp chairman Kong Jaw-sheng to head Taiwan’s new Financial Supervisory Commission (FSC), which will begin operation on July 1.
Re-election seals reforms
July 2, 2004Chen Shui-bian’s victory in retaining his hotly contested presidency has set Taiwan firmly on the road to modernisation. Dennis Engbarth reports from Taipei.
New incentive for M&A
July 2, 2004Dennis Engbarth reports on Taiwan’s first successful, officially-backed managed exit from the banking market.
BoC sets 5% target for bad loan ratio
June 2, 2004Bank of China (BoC), the largest of China’s big four state-owned banks, has announced that its non-performing loans ratio will be down to around 5% by the end of 2004 as it plans to bring in a strategic investor later this year in preparation for its IPO. This significant reform of the bank’s ownership structure reflects the Chinese authorities’ determination to reform the big four banks which account for 55% of China’s bank assets.
China seeks to lower economic heat without extinguishing it
June 2, 2004China is set to use medicine strong enough to cool down its investment fever, but not so potent as to bring the economy to a standstill. Banks are at the forefront of this austerity campaign, acting on the orders of the central government to choke off credit supply to overheated sectors.