Adoni Idris, Managing Director of Global Markets, Maybank, spoke at one of the 12th ASEAN Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM) events. With tariffs top of mind, the timely discussion on “Advancing ASEAN Financial Integration” explored strategies like setting up an Asian Monetary Fund, and expanding the Local Currency Transaction Framework (LCTF). A visionary initiative by the central banks of Malaysia, Indonesia and Thailand, the LCTF allows cross-border transactions in local currencies, thus reducing FX risks and costs. Maybank is among the few banks offering this service across multiple Asian markets, with positive client feedback and growing SME outreach, Adoni says. As a leading regional bank, we’re proud to support our clients and central banks in shaping a forward-looking ASEAN financial ecosystem. For more info, refer to the article on Building Local Currency Resilience in The Star - https://maybank.my/3YLC9YZ #MaybankGlobalBanking #ASEANMalaysiaChairmanship2025 #LocalCurrencyTransactionFramework
