Source: Business Times. Following last week's government's announcement that the April 26 public holiday was not compulsory for the private sector (our story of April 8), the Association of Banks in Malaysia (ABM) announced today that banks in Malaysia would also close on April 26.In the same communique, the ABM announced that it would also observe the May 2, 2007, additional public holiday (our story of April 9) due to the occurrence of Wesak Day and the May Day holiday, on the same date in 2007.
Analysis: This is not a surprise, as banks in most countries of the world tend to follow the, generally more generous, public holidays schedules of civil servants.
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