Last weekwas full of RMBbusinesslicenseDBS, and the secondbatchof Hang SengBankforeignlegal persons, are still in businessand related productsfor thestage.
Currently, PT Bank Negara Indonesia is the only Indonesian bank that has a full banking license in Singapore, which allows it to provide personal banking, trade finance and business loans.
Once those 40 requirements have been satisfied, then Ibama will grant a full installation license and the massive Brazilian National Development Bank (BNDES) will likely step in with a bridge loan to get the project started.