{
    "success": true,
    "data": {
        "id": 1111670,
        "msgid": "spore-banks-unfazed-by-ban-1447893297",
        "date": "2001-08-27 00:00:00",
        "title": "S'pore banks unfazed by ban",
        "author": null,
        "source": "DPA",
        "tags": null,
        "topic": null,
        "summary": "S'pore banks unfazed by ban Singapore (DPA): Two Singapore banks said Saturday that a six- month ban on their Indonesian units would have little effect because they were not involved in mutual-fund activities in the country.",
        "content": "<p>S&apos;pore banks unfazed by ban<\/p>\n<p>Singapore (DPA): Two Singapore banks said Saturday that a six-<br>\nmonth ban on their Indonesian units would have little effect<br>\nbecause they were not involved in mutual-fund activities in the<br>\ncountry.<\/p>\n<p>The Capital Markets Supervisory Agency (Bapepam), the<br>\nIndonesian regulator, announced Thursday that it was slapping<br>\nsuspensions on the OCBC Bank and United Overseas Bank (UOB) units<br>\nin addition to seven other brokerages for failing to follow<br>\nregulations stipulating the directors hold certain<br>\nqualifications.<\/p>\n<p>OCBC Sikap Securities and PT UOB Kay Hian Securities hold<br>\nlicenses to sell mutual funds in Indonesia, but these permits are<br>\nnot in use, the banks said.<\/p>\n<p>The regulations stipulate at least one director and one<br>\nemployee possess investment management licenses to conduct such<br>\nbusiness.<\/p>\n<p>The ban does not affect brokerage and stock underwriting.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/spore-banks-unfazed-by-ban-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}