Ready to face the music in Malaysia

March 3, 2004

Maybank CEO Amirsham Aziz believes Malay banks are ready to face foreign competition, he tells Karina Robinson.
A grey-haired man wearing a grey shirt and grey trousers is not a promising subject. But Amirsham Aziz, the unassuming president and CEO of Maybank, Malaysia’s banking behemoth, turns out to be a fan of the Havana-based Tropicana nightclub. He goes on about “the trees, the music, the sound, the acoustics, the colours”. (My emphasis would have been on the three dozen gorgeous mulatas (mixed race girls) who form the chorus line of probably the oldest outdoor cabaret show in the world, but perhaps only women can say these things nowadays.)

More reform is key to sustaining growth

March 3, 2004

Financial sector reform must continue and deepen across Asia for prosperity to be sustainable in the region, says Tadao Chino.

Dire predictions on China are nothing more than scaremongering

February 3, 2004

Projections on growth for China that envisage a doomsday scenario for the rest of the world are both overblown and flawed.

China is hive of updating activity

February 3, 2004

Activity to update the banking systems is continuing in mainland China, one of the latest moves being Bank of China’s implementation of Summit Systems’ treasury and capital markets software across its interest rate derivatives trading desks.

Conditional success

February 3, 2004

Indonesia is looking forward to growth this year, but this depends on whether the government can reduce corruption and achieve political and economic stability, writes Peter Janssen in Jakarta.

Moving in the right direction

February 3, 2004

Since the Asian crisis, Indonesia’s banking system has been shaken up and streamlined. Despite this, scandals still occur. Tim Johnston assesses progress so far, and discusses what the priorities must be for the recovering industry.

Big predators wait in wings

February 3, 2004

Some companies are already reaping the rewards of a bold decision to invest in Indonesia’s banking sector, but one investor is asking how long they will be able to operate before the big banks decide to move in.

Removal of deficit takes priority

February 3, 2004

When Indonesia graduated from the IMF programme at the end of last year, it brought to an end a traumatic six-year relationship, but since then the country has emerged stronger and more fiscally disciplined.

Pakistan agrees to sell majority stake in Habib

February 3, 2004

Pakistan has decided to sell 51% of the shares of Habib Bank to the Geneva-based Aga Khan Fund for Economic Development (AKFED) for about $400m in one of the country’s biggest privatisation deals ever, writes Farhan Bokhari.

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