Last night, I watched Aljazeera and found that Malaysia is ready to liberalize its banking and insurance sector. I was a bit surprised to know that, since Malaysia has long been known as very protective in service sector. It was actually aimed to strengthen its domestic financial sector to build its capital bases.
When Indonesia liberalized its financial sector, Singapore and Malaysia rushed in to buy stakes in our national banks. Lippobank, Bank Niaga, BCA, Bank Buana, and NISP Bank were then partly overtaken 
Jakarta, the new financial giant
Now, since Malaysia’s financial sector is liberalized, it is our good time to retaliate, we buy as many bank as we can grab. Our 4 largest banks (Bank Negara Indonesia, Bank Central Asia, Bank Mandiri, and Bank Rakyat Indonesia) have all the capacity to do so, the time is NOW !
