Thailand’s banking sector appears to have seen off the worst effects of the global recession and, far closer to home, long-running social unrest and seems to be gaining momentum as the country’s economy begins to gather pace.
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Economic update | Thailand: Building interest
13 Aug 2010
Malaysia's government has sought to play down concerns that opening up the country's finance industry to greater foreign participation will squeeze local lenders, with senior ministers instead talking up the benefits of a more competitive banking environment and greater opportunities on offer in an expanding economy.
Brunei Darussalam is getting a new monetary authority, a move that will cheer both the business and banking communities, which have long awaited such a development.
As evidenced by Sarawak’s positive performance across a variety of subsectors, its economy is already among the most diversified in Malaysia, even before the impending wave of industrial projects begins to contribute. Financial incentives and substantial investments in infrastructure appear to have generated considerable international interest from a range of industries.