Thai Bank enters Jakarta

Thai Bank enters Jakarta

BANGKOK (Reuter): Thai Farmers Bank Plc, Thailand's third largest commercial bank, said yesterday it would open a representative office in Jakarta.

The bank said in a statement that the Jakarta office, its 16th overseas representative office, would open on Thursday and would offer advisory services to foreign investors wishing to invest in Indonesia and in Thailand.

It said the opening of the representative office in Jakarta was in line with the bank's policy to expand its business, particularly among members of Association of Southeast Asian Nations (ASEAN).

Brunei, Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam are ASEAN members.