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To: Dale Baker who wrote (14395)	1/12/2000 6:54:00 AM
From: B Tate	Read Replies (1) \| Respond to of 118717

Dale KLSE hit a new 2 year high today. Driven by Banking consolidation.... As you recall I listed banking reform/cons. as one of the three factors that would hold the market down. Apparently VOLUNTARY merger activity (vs. Gov't driven activity that obviously favored certain individuals in the ruling party) has kicked off. Hong Leong Bank has asked the central bank for permission to acquire a small bank. Though not a big deal in terms of banking its a start and viewed by the market as the start of a tide of mergers. Malaysia should end up with 10 - 12 major banks and financial institutions. IF this goes through without a lot of Gov't interference it bodes well for the market. Interesting that banking was the first issue to start being resolved. I had thought that the CLOB issue would be addressed first and then the monetary issues and only then could the banking bloat start to rectify itself.. BWDIK good luck bt PS any thoughts on BWEB?