From Theedgemalaysia.com: The granting of new banking licences to foreign commercial banks will not have negative effects on the operations of local banks, including those offering Islamic banking.
Deputy Finance Minister Datuk Dr Awang Adek Hussein said this was because local commercial banks were strong to face the challenges of a liberal environment as a result of the banking reforms and efforts undertaken under the Financial Sector Masterplan……………………………………….Full Article: Source