Logo of Phnom Penh Post newspaper Phnom Penh Post - ASEAN bankers focus on internal relations

ASEAN bankers focus on internal relations

ASEAN bankers focus on internal relations

ASEAN bankers have said they should focus on building relationships within the bloc before reaching out to build ties with other countries in the region, notably China, India and South Korea.

In a document detailing discussions at a two-day ASEAN Banking Council meeting ending Friday in Phnom Penh, the first time the event has been held in the Kingdom, representatives agreed to draw up a timetable of visits between members that would include liaisons with banking regulatory authorities.

“The Committee agreed that there were lots to learn amongst ASEAN countries themselves, and it may be worthwhile to focus on activities such as more frequent dialogues,” said a report of the Permanent Committee on ASEAN Inter-Regional Relations following meetings conducted Thursday.

It added that the ASEAN Banking Council would make a decision on participation by ASEAN+3 – China, South Korea and India – at a future date.

Members also decided to postpone a group visit to Australia due to the recent A(H1N1) flu outbreak. ASEAN banking officials had originally planned to meet with Australian Banking Association members in Sydney in August, but that has since been pushed back, the report said.

MOST VIEWED

  • US to ramp up sanctions after ‘flawed’ national polls

    At a press conference on Wednesday, the US State Department announced that it would expand visa sanctions on the Cambodian officials and individuals it deems responsible for “undermining democracy” in Cambodia. At the briefing, spokesperson Heather Nauert reiterated that the department regarded the July 29 elections

  • Final poll results confirm first single-party Assembly

    IN an unprecedented situation in Cambodian politics, the official results of the July 29 national elections have declared that the Cambodian People’s Party (CPP) will take all 125 seats in the National Assembly on the back of it receiving 76 per cent of the votes. The National

  • Chinese influence to sweep Kingdom?

    Growing Cambodia-China ties have seen the latter’s influence sweep across the Kingdom through increased investments and tourism. The Asian giant has become the leading source of foreign funds in Cambodia, fuelling the construction sector with huge casino and hotel projects. Much of the growth

  • Tourist arrivals up by 12%

    Cambodia welcomed more than three million foreign tourists in the first half this year, an increase of 12.7 per cent compared to the same period last year, official data from the Ministry of Tourism said. Leading the way in the rise were Chinese and Vietnamese tourists.