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Association of Southeast Asian Nations Revives Finance-Sector Liberalisation.

Bangkok Post (Bangkok, Thailand)

| August 05, 2003 | COPYRIGHT 2003 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Wichit Chantanusornsiri

Aug. 5--Asean members plan to restart work on financial sector liberalisation, a process that has been stalled since the 1997 economic crisis.

Somchai Sujjapongse, deputy spokesman for the Finance Ministry, said that once basic principles of a liberalisation plan were complete, work would focus on the readiness of individual countries to open up their financial markets.

He said that initially, liberalisation would focus on banking, life and non-life insurance and capital markets.

Asean currently has set a target to allow full capital mobility across the region by 2020.

Discussions on current ...

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Source: HighBeam Research, Association of Southeast Asian Nations Revives Finance-Sector...