Keeping the rural market niche

OVER the past few years, Asean integration has become a buzzword in the country. The integration basically targets to create a single market with a free flow of capital, investments, goods and labor among the 10-member Association of Southeast Asian Nations by 2015.

The trade sector is likely to take the biggest impact from this integration but it will also set off a domino effect in the banking sector, which has been recently liberalized by the government to accommodate the entry of more foreign banks. The Asean banking integration is targeted to take effect in 2020.