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October 06, 2005

Daily Tid-bits

* Thaksin floats plan to give 50% haircuts to Thai personal debtors. Only mandatory for state-owned AMCs, but expect pressure on others. "Hidden costs," says The Nation.
* Sumitomo T&B raises forecasts by 35%.
* Federal Bank acquisition of Lord Krishna is a go.
* India, Pakistan central banks working to develop rules on reciprocal branching.
* Killing the cash cow? Philippine Gov't wants to reduce cost of remittance system.
* DBS Chairman Dhanabalan to retire at year-end, will be replaced by Temasek Director and current SIA Chairman Koh Boon Hwee
* BOCHK hikes deposit fees.
* Another reason to strike against foreign sales: Korean survey finds banks which require government capital injections pay staff best.
* Kazanah completes takeover of Lippo Bank, bought from "Swiss."
* Kotak Mahindra buys out Ford Motor Credit stake in Primus vehicle finance arm, sells stake in local FMC affiliate back to parent.

Posted by The Banker at October 6, 2005 06:19 PM

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