SINGAPORE - BANKING - Mandiri Syariah opens up remittance services in Singapore

www.bisnis.com - JAKARTA: PT Bank Syariah Mandiri Indonesia launched the Transfer Funds For Beloved, a product delivery or remittance of money from Singapore to Indonesia.

In a Transfer of Funds for Indonesia Beloved (DUIT), Bank Syariah Mandiri (BSM) in collaboration with the Mass Express Pte, Ltd., sebuiah local remittance companies in Singapore.

Through this product, labor Indonesia (TKI) working in Singapore can send money to families in the homeland, which can be accepted at all bank branches and post office network, in just a few minutes.

In a press release received by Business, grand product launch was held in Singapore Indonesian School is located at Siglap Road, Singapore today.  (source)

INDONESIA - BANKING - BRI Syariah-Telkom Cooperation Delivery of Remittance

www.investor.co.id - JAKARTA - PT BRI Syariah and PT Telkom Indonesia cooperation remittances (remittance) and electronic money through the outlet with Pomegranate logo that is easy, safe, and inexpensive.
According to Director of Enterprise and Wholesale Telkom Arief Yahya on Wednesday, sending money and electronic money makes it easy for people to send money overseas. In addition, this cooperation can strengthen the business Telkom.
"We do not pursue profit through this cooperation, but rather to serve the growing number of customers that Telkom," Arief said after the signing of the cooperation. (source)

INDONESIA - BANKING - Bank Syariah Mandiri Posts Rp 7.97 T Remittance Transactions

JAKARTA (IFT) – PT Bank Syariah Mandiri, a subsidiary of PT Bank Mandiri Tbk (BMRI), saw a 59.46 percent growth in remittance business to Rp 7.97 trillion in January to October 2011 from Rp 5 trillion year-on-year (YOY). The bank will develop its Middle East network to boost the business. (source)

INDONESIA - BANKING - Bank Muamalat launches international services

Jakarta (29 / 7) obsession to become one of the national banking system continues to be conducted by Bank Muamalat Indonesia (BMI). In addition to building core banking infrastructure sharia, BMI also showed a serious effort to boost its international business.

Director of International Banking and Financial Institution BMI, Farouk A. Alwyni product launches international services BMI in Jakarta (28 / 7), said international transaction volume and value increases with the increasing importance of the role of Indonesia in the global economy, BMI is ready to facilitate this activity by sharia. (source)

MALAYSIA - BANKING - Al Rajhi Bank to expand remittance services (Indonesia included)

KUALA LUMPUR: Al Rajhi Bank Malaysia, which has so far provided remittance business services to Indonesia, the Philippines, Nepal and Bangladesh, plans to increase its market share by extending the service to more countries.

Al Rajhi Malaysia retail banking director Sabry Ghouse said the bank sees great potential in the remittance business in Malaysia, given the sizeable foreign workers population in the country. (source)