Malaysia bank mergers seen next year

SINGAPORE - The Malaysian banking sector is due for a new round of consolidation ahead of further liberalisation in 2007 -- and mergers, especially among the smaller existing banks, could start toward the end of next year, analysts say.

"There is room for further consolidation and this is something the government wants. This is an inevitable trend throughout Asia as the whole industry is getting more globalised," said Bernard Peh, an analyst at Barclays Capital, United Press reported. "There i

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